Fund for Advancement of Minorities Through Education Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO EDUCATE, EMPOWER AND EMBOLDEN AFRICAN AMERICAN YOUTH TO BECOME STUDENT AMBASSADORS OF TODAY, LEADERS OF TOMORROW AND STEWARDS OF THEIR COMMUNITIES BY PROVIDING ACCESS TO COLLEGE PREPARATORY EDUCATION AT PARTICIPATING INDEPENDENT SCHOOLS IN THE GREATER PITTSBURGH AREA THROUGH THE PROVISION OF NEED BASED FINANCIAL ASSISTANCE.
- Income
- $1.2 million
- Spending
- $1.7 million
- Spent on programs
- 66%
- Reserves
- 31.4 months of spending
- Largest source of income
- government grants, 39%
- Employees
- 18
- Volunteers
- 10
- Highest pay
- $107,734, chief executive officer
Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 80 out of 100. Higher than 66% of charities in its peer group (education, $1m to $10m).
Reserves
35 of 35Spendable reserves would cover 31.4 months of spending.
Debt
20 of 20It owes 6% of what it owns.
Living within its means
0 of 15Spending exceeded income by 38% of income.
Income trend
10 of 15Income fell 3% on the year before.
Spending floor
15 of 1566% of spending went to programs and raising each dollar of donations cost 17 cents.
Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 74% of charities in its peer group (education, $1m to $10m).
Independent board
25 of 2518 of 18 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $632,971 spent. FAME SCHOLARSHIP/EDUCATIONAL PROGRAM - FAME PROVIDED SCHOLARSHIP AND EDUCATIONAL SUPPORT FOR 50 BRIGHT AND TALENTED AFRICAN AMERICAN STUDENTS TO ATTEND PARTICIPATING COLLEGE PREPARATORY INDEPENDENT SCHOOLS. IN ADDITION TO THE SCHOLARSHIPS PROVIDED, FAME ALSO PROVIDES TUTORING FREE OF CHARGE TO FAME SCHOLARS AND SUBSIDIZES THE COST OF BOOKS, COLLEGE PLANNING, AND A VARIETY OF OTHER EDUCATIONAL EXPENSES AS NECESSARY.
- $253,282 spent. FAME ACADEMY - FAME ACADEMY PROVIDES MIDDLE SCHOOL STUDENTS SEEKING A HIGHER QUALITY EDUCATION WITHIN THE GREATER PITTSBURGH AREA THE ACADEMIC FOUNDATION NECESSARY TO BE COMPETITIVE IN THE INDEPENDENT SCHOOL APPLICATION PROCESS, INCREASING THE NUMBER OF AFRICAN AMERICAN STUDENTS WITH FINANCIAL NEED THAT RECEIVE A RIGOROUS EDUCATION. THE FAME ACADEMY HELPS STUDENTS EXCEL WITHIN THEIR HOME SCHOOL COMMUNITY AND EXPOSES THEM TO COLLEGES AND A VARIETY OF CAREER CHOICES. WITHIN THE FAME ACADEMY, STUDENTS ALSO TRAVEL TWICE A YEAR, ONCE TO CITIES OUTSIDE OF PITTSBURGH AND ONCE TO A PARTNER BOARDING SCHOOL FOR AN OVERNIGHT, ONE-WEEK STAY. STUDENTS ATTEND ACADEMIC COURSES ON SATURDAYS THROUGHOUT THE SCHOOL YEAR AND FOR SIX WEEKS DURING THE SUMMER.
- $245,123 spent. TEACHERS' ACADEMY - THE TEACHERS' ACADEMY IS THE NEWEST INITIATIVE ADDED TO OUR PROGRAM PORTFOLIO WHICH SEEKS TO ADDRESS THE LACK OF AFRICAN AMERICAN EDUCATORS IN THE INDEPENDENT AND PUBLIC-SCHOOL SPACES. THE TEACHERS' ACADEMY WILL GIVE ASPIRING TEACHERS THE OPPORTUNITY TO GAIN VALUABLE TEACHING EXPERIENCE AND PROFESSIONAL DEVELOPMENT AT THE FAME ACADEMY AND WITH EXTERNAL PARTNERS. FAME FELLOWS WILL BENEFIT FROM AN INTENSE CURRICULUM AND 3-YEAR CAREER MENTORSHIP DESIGNED BY A COHORT OF EDUCATIONAL ADVISORS TO ADDRESS THE LACK OF BLACK EDUCATORS IN INDEPENDENT AND PUBLIC-SCHOOL EDUCATION.
Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 1993.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.