FUTURE AFRICAN-AMERICAN MILLIONAIRES INC FAAM
TEMPE,
Arizona,
85281
EIN: 54-2060678
Public, Society Benefit - Multipurpose and Other
MISSION
JERRY MCPHERSON
FORM 1023-EZ for FUTURE AFRICAN-AMERICAN MILLIONAIRES INC FAAM
WWW.FAAMINC.COMDEMOGRAPHIC
ADDRESS
637 S 48TH STREET SUITE 6-2
85281
COUNTY
maricopa county, AZ
IN CARE OF NAME
JERRY MCPHERSON
ORGANIZATIONAL OVERVIEW & RANKINGS
FUTURE AFRICAN-AMERICAN MILLIONAIRES INC FAAM is a based in TEMPE, AZ, focused on Public, Society Benefit - Multipurpose and Other causes , specifically Professional Societies, Associations. Established in June 2017, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 1,732,929 among 2,656,690 nonprofits nationally (Top 66%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 12,291 out of 42,827 organizations in AZ (Top 29%).
In maricopa county, AZ, the organization ranks 7,893 out of 25,600 nonprofits by assets (Top 31%), while locally in tempe, it stands at 462 among 1,381 organizations (Top 33%).
The organization reported no revenue in the most recent filing period, placing it at 806,095 nationally and 10,154 in AZ.
Within its specific NTEE classification (W03 - W: Public, Society Benefit - Multipurpose and Other), which includes 860 similar organizations, FUTURE AFRICAN-AMERICAN MILLIONAIRES INC FAAM ranks 539 in assets (Top 60%) and 521 in revenue (Top 58%).
Note: This organization's tax-exempt status was temporarily revoked on November 15, 2022 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a May fiscal year. Additional information can be found at WWW.FAAMINC.COM.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
W: Public, Society Benefit - Multipurpose and Other
NTEE CODE
W03: Professional Societies, Associations
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Tuesday, November 15, 2022;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
06/2019
ACCOUNTING PERIOD
06
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
06/2017
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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