Financial Alliance for Racial Equity
Public records raise at least one point you should look into before giving.
What it says it does
TO INCREASE AND DRIVE INCLUSION WITHIN THE FINANCIAL SERVICES INDUSTRY AND COMMUNITIES THAT IT SERVES
- Income
- $538,500
- Spending
- $422,658
- Employees
- 2
- Volunteers
- 1
- Highest pay
- $150,000, executive di
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. 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 (5)
- FARE HBCU SECURITIES INDUSTRY ESSENTIALS (SIE) SCHOLARSHIP PROGRAM THE FARE HBCU SIE SCHOLARSHIP PROGRAM AIMS TO SUPPORT STUDENTS ATTENDING HISTORICALLY BLACK COLLEGES AND UNIVERSITIES (HBCUS) BY COVERING THE COST OF THE SECURITIES INDUSTRY ESSENTIALS (SIE) EXAM. THE SIE EXAM IS A FOUNDATIONAL REQUIREMENT FOR CAREERS IN THE SECURITIES INDUSTRY AND DEMONSTRATES AN INDIVIDUAL'S KNOWLEDGE OF CORE FINANCIAL CONCEPTS. PROGRAM BENEFITS: -FULL REIMBURSEMENT FOR THE SIE EXAM FEE -ACCESS TO STUDY MATERIALS AND RESOURCES -GUIDANCE FROM FINANCIAL SERVICES PROFESSIONALS -INCREASED CAREER OPPORTUNITIES WITHIN THE INDUSTRY
- FARE CFP CERTIFICATION SCHOLARSHIP THE FARE CFP CERTIFICATION SCHOLARSHIP SUPPORTS INDIVIDUALS FROM UNDERREPRESENTED COMMUNITIES WHO ASPIRE TO BECOME CERTIFIED FINANCIAL PLANNERS (CFP). THE SCHOLARSHIP PROVIDES FINANCIAL ASSISTANCE TO COVER A PORTION OF THE COST ASSOCIATED WITH EARNING THE CFP DESIGNATION. SCHOLARSHIP BENEFITS: -FINANCIAL ASSISTANCE FOR CFP COURSEWORK AND EXAM FEES -NETWORKING OPPORTUNITIES WITH INDUSTRY PROFESSIONALS -CAREER MENTORSHIP AND GUIDANCE -PATHWAY TO INCREASE DIVERSE REPRESENTATION IN FINANCIAL PLANNING
- HBCU LIVE HBCU LIVE IS FARE'S SIGNATURE ANNUAL EVENT DESIGNED TO CONNECT HBCU STUDENTS WITH FINANCIAL SERVICES PROFESSIONALS THROUGH INTERACTIVE WORKSHOPS, PANEL DISCUSSIONS, AND NETWORKING OPPORTUNITIES. THIS HIGH- ENERGY EVENT PROVIDES STUDENTS WITH THE TOOLS AND KNOWLEDGE NEEDED TO EXCEL IN THE FINANCIAL SERVICES INDUSTRY. KEY FEATURES OF HBCU LIVE: -PANEL DISCUSSIONS: INDUSTRY EXPERTS SHARE INSIGHTS ON CAREER PATHWAYS, FINANCIAL LITERACY, AND INDUSTRY TRENDS. -WORKSHOPS: HANDS-ON SESSIONS FOCUSED ON PROFESSIONAL DEVELOPMENT, RESUME BUILDING, AND INTERVIEW PREPARATION. -NETWORKING OPPORTUNITIES: STUDENTS ENGAGE WITH RECRUITERS, MENTORS, AND INDUSTRY LEADERS. -STUDENT COMPETITIONS & SCHOLARSHIPS: PARTICIPANTS HAVE THE CHANCE TO WIN SCHOLARSHIPS AND OTHER CAREER-BUILDING OPPORTUNITIES. HBCU LIVE HBCU LIVE IS FARE'S SIGNATURE ANNUAL EVENT DESIGNED TO CONNECT HBCU STUDENTS WITH FINANCIAL SERVICES PROFESSIONALS THROUGH INTERACTIVE WORKSHOPS, PANEL DISCUSSIONS, AND NETWORKING OPPORTUNITIES. THIS HIGH- ENERGY EVENT PROVIDES STUDENTS WITH THE TOOLS AND KNOWLEDGE NEEDED TO EXCEL IN THE FINANCIAL SERVICES INDUSTRY. KEY FEATURES OF HBCU LIVE: -PANEL DISCUSSIONS: INDUSTRY EXPERTS SHARE INSIGHTS ON CAREER PATHWAYS, FINANCIAL LITERACY, AND INDUSTRY TRENDS. -WORKSHOPS: HANDS-ON SESSIONS FOCUSED ON PROFESSIONAL DEVELOPMENT, RESUME BUILDING, AND INTERVIEW PREPARATION. -NETWORKING OPPORTUNITIES: STUDENTS ENGAGE WITH RECRUITERS, MENTORS, AND INDUSTRY LEADERS. -STUDENT COMPETITIONS & SCHOLARSHIPS: PARTICIPANTS HAVE THE CHANCE TO WIN SCHOLARSHIPS AND OTHER CAREER-BUILDING OPPORTUNITIES.
- FARE MENTORSHIP PROGRAM THE FARE MENTORSHIP PROGRAM EXISTS TO SUPPORT BLACK PROFESSIONALS WITH CAREER GROWTH AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES. THIS MENTORSHIP PROGRAM WILL SERVE AS AN INDUSTRY BEST PRACTICE TO ELEVATE AWARENESS IN THE FINANCIAL SERVICES INDUSTRY. TO CREATE SYNERGY AND ALIGNMENT WITH FINANCIAL SERVICES INDUSTRY LEADERS, THE FARE MENTORSHIP PROGRAM WILL UTILIZE CONTENT FROM THE AMERICAN COLLEGE OF FINANCIAL SERVICES TO REINFORCE MENTORSHIP CIRCLES OF FOUR STUDENT MENTEES WHO WILL BE PAIRED WITH A FARE FIRM CONSULTANT, MANAGER, DIRECTOR, AVP, OR VP LEVEL LEADER/MENTOR DEPENDING ON CAREER GOALS AND INTERESTS. PROGRAM HIGHLIGHTS: -ONE-ON-ONE MENTORSHIP OPPORTUNITIES -CAREER DEVELOPMENT SESSIONS AND INDUSTRY INSIGHTS -RESUME AND INTERVIEW COACHING -ACCESS TO EXCLUSIVE NETWORKING EVENTS
- FARE MENTORSHIP PROGRAM THE FARE MENTORSHIP PROGRAM EXISTS TO SUPPORT BLACK PROFESSIONALS WITH CAREER GROWTH AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES. THIS MENTORSHIP PROGRAM WILL SERVE AS AN INDUSTRY BEST PRACTICE TO ELEVATE AWARENESS IN THE FINANCIAL SERVICES INDUSTRY. TO CREATE SYNERGY AND ALIGNMENT WITH FINANCIAL SERVICES INDUSTRY LEADERS, THE FARE MENTORSHIP PROGRAM WILL UTILIZE CONTENT FROM THE AMERICAN COLLEGE OF FINANCIAL SERVICES TO REINFORCE MENTORSHIP CIRCLES OF FOUR STUDENT MENTEES WHO WILL BE PAIRED WITH A FARE FIRM CONSULTANT, MANAGER, DIRECTOR, AVP, OR VP LEVEL LEADER/MENTOR DEPENDING ON CAREER GOALS AND INTERESTS. PROGRAM HIGHLIGHTS: -ONE-ON-ONE MENTORSHIP OPPORTUNITIES -CAREER DEVELOPMENT SESSIONS AND INDUSTRY INSIGHTS -RESUME AND INTERVIEW COACHING -ACCESS TO EXCLUSIVE NETWORKING EVENTS
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. 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)(6) business league.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 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 September 30, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(6) business league as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 2023.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 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 October 7, 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.