F3 Foundation Inc

Overview

F3 Foundation Inc is a nonprofit organization registered in the United States with the Employer Identification Number (EIN) 45-5109140. It operates under the 501(c)(3) tax-exempt status, making donations to the organization tax deductible.

Purpose and Mission

The mission of F3 Foundation Inc is to leverage the men of F3 Nation to develop and strengthen male leadership in communities. The organization is closely linked to F3 Nation, which aims to plant, grow, and serve small workout groups for men with a focus on invigorating male community leadership through fitness, fellowship, and faith.

Financial Operations

F3 Foundation's financial operations are centered around raising funds for operational support and granting resources to accelerate F3 Nation's missions. In 2023, the organization reported a revenue of $597,000, with expenses totaling $539,000 and net assets of $558,000[1]. Contributions and fundraising events are primary sources of revenue, with a significant portion dedicated to executive compensation and operational costs.

In 2022, the foundation provided $362,599 in grants to support PAX-led projects, which are part of F3 Nation's activities aimed at community impact[2]. The foundation also focuses on community grants to achieve measurable impact.

Operational Pillars

F3 Foundation operates under three key pillars:

• Transparency: Ensuring that all operational and financial information is openly accessible.
• Efficiency: Minimizing bureaucratic processes to expedite actions and outcomes.
• Impact: Focusing on raising funds, making grants, and creating tangible impacts within communities[2].

Community Impact

The foundation collaborates with various initiatives, such as supporting mental health awareness events and partnering with projects like the "Mt. Afton Challenge," which significantly increased fundraising by leveraging F3 Foundation's nonprofit status[2].

Governance

The foundation's governance includes a board of directors. As of recent reports, the specific composition of the current board is not detailed, but past reports have listed various directors[4]. Additionally, an advisory council provides strategic guidance to support the organization's goals[2].