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US nonprofit · EIN 843568079 · Somerset, NJiSource and licenceOrganisation record IRS Exempt Organizations Business Master File (EIN 843568079) - NTEE activity code, address.Board and officers IRS Form 990 annual filings, Part VII (directors, trustees, officers, key employees), read year by year to observe tenure.Latest return IRS Form 990 series e-file data - 990 for the year to 31 October 2024: assets, liabilities, staff, website, telephone, pay.Finances by year IRS Form 990 e-file data - total revenue and total expenses by tax year.Renewal outlook Computed by Governance Register from the observed filing history and filed revenue (us-approach-v4-clean). Not a statement that the organisation is recruiting.Licence US Federal Government public domain.How we handle data

Fair Franchising Initiative Inc

Revenue
$2k
year to 31 October 2024
Expenses
$6k
year to 31 October 2024
Total assets
$19k
$3k liabilities
Net assets
$16k
assets less liabilities
Directors and trustees
10
6.4y av
Staff
0
employees, year to 31 October 2024
Chair observed
≥4 yrs
Anil Patel
Left since last filing
0
no seats appear to have opened
How am I connected?

Fair Franchising Initiative Inc's network

10 people11 organisationsi10 people and 11 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (10). Violet dotted lines (13) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.

The board

10 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Tenure and departures are observed across annual filings. Observed tenure is a lower bound - a member may have joined before the first year on record. The organisation reported 11 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.
NameRole as filedSinceOn the board
Anil Patel ChairChairman2020
6 yrs
Alkesh PatelTrustee2020
6 yrs
Chandrakant PatelTrustee2020
6 yrs
Hemant PatelTrustee2020
6 yrs
Mahendra PatelTrustee2020
6 yrs
Maulesh PatelVice Chairman2020
6 yrs
Mike PatelTrustee2020
6 yrs
Pragna Patel-MullerTrustee2020
6 yrs
RAJ ParikhTrustee2020
6 yrs
Rajesh PatelCompany secretary2020
6 yrs
Under 5 years5 to 6 years6 years or more

Officers and senior leadership

1 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.
NameTitle as filedOn the filings
Prakash ShahPresidentsince 2020

Pay and hours

year to 31 October 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.
NameTitle as filedHours a weekPay from the organisationRelated organisationsOther
Anil PatelChairman2$0
Maulesh PatelVice Chairman2$0
Rajesh PatelSecretary2$0
Mahendra PatelTrustee2$0
Hemant PatelTrustee2$0
Chandrakant PatelTrustee2$0
Alkesh PatelTrustee2$0
Mike PatelTrustee2$0
Pragna Patel-MullerTrustee2$0
Raj ParikhTrustee2$0
Prakash ShahPresident2$0

No pay was reported for anyone in Part VII on this return.

About

Legal name
Fair Franchising Initiative Inc
EIN
843568079
Address
458 Elizabeth Ave Ste 5, Somerset, NJ, 08873-5110
State
New Jersey
Mission
Make small businesses aware of the possible pitfalls in franchise agreements and educate them on how to navigate them.by highlighting inherent problems with certain provisions of the franchise agreements that are not fair to franchisees and educating the small business owners how to navigate those agreements to make them more transparent and fair. (as filed on the Form 990)
Activity (NTEE)
S41 Community improvement and capacity building
IRS classification
501(c)06 (tax-exempt under section 501(c)(3) where shown)
Classified purpose
Community Improvement & Capacity Building
Size band
2 (IRS master file code)
Formed
2019
Principal officer
Prakash Shah (as named on the Form 990)
IRS ruling date
1 November 2021
Status
Code 01 (unconditional exemption)
Form 990 filings on record
5, latest 2024

Most connected

Longest observed on the filings

≥6years on the filingsAnil Patel
≥6years on the filingsAlkesh Patel
≥6years on the filingsChandrakant Patel
≥6years on the filingsHemant Patel

Latest return

year to 31 October 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 October 2024. US dollars, as filed.
Total assets
$19k
Total liabilities
$3k
Net assets or fund balances
$16k
Contributions and grants received
$0
Program service revenue
$2k
Employees
0

Filed finances

1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.
Tax yearTotal revenueTotal expensesSurplus or deficit
2023$2k$6kDeficit $4k

As filed on the IRS Form 990. US dollars.