Friends Of The Way Incorporated
- Assets
- $37.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Bridgewater, MA
- Founding
- 08/1977
- Data as of
- 12/2021
- EIN
- 23-7325757
Organization Overview
Friends Of The Way Incorporated is located in West Bridgewater, MA. The organization was established in 1977. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Way Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Friends Of The Way Incorporated generated $54.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $62.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
INSTITUTIONAL CHAPLAINCY - BOYS AGED 10 THROUGH 19 YEARS OLD. CHURCH SERVICES, BIBLE STUDIES, MUSIC LESSONS & EXPERIENCES, ART GROUPS, YOUTH COUNCELING AND FELLOWSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Langevin Director | 50 | $19,600 | |
Mindi Shave Treasurer | 45 | $12,000 | |
Marci Gaudette Member | 0.05 | $0 | |
Steven Williams Member | 0.05 | $0 | |
Mary Ruth Scott Member | 0.05 | $0 | |
Dr Henry Perrin Secretary | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,007 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $54,007 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $31,600 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $30,873 |
| Total expenses | $62,473 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $37,317 |
| Other assets | $0 |
| Total assets | $37,317 |
| Total liabilities | $0 |
| Net assets or fund balances | $37,317 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friends Of The Way Incorporated has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $50,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Episcopal Church Foundation New York, NY | $650,053,865 | $6,623,247 |
American Friends Of Lev Aharon New York, NY | $614,615 | $3,691,815 |
Jewish Foundation Of Greater New Haven Inc Woodbridge, CT | $82,672,017 | $6,191,311 |
Friends Of Odyssey Impact Inc New York, NY | $9,035,601 | $1,158,270 |
Trustees Of Colt Bequest Inc Hartford, CT | $74,046,070 | $7,649,069 |
Icny Land Owner Corporation New York City, NY | $36,528,101 | $2,265,710 |
Shuvi Nafshi Foundation Inc Brooklyn, NY | $171,733 | $1,661,417 |
Fundamental Baptist Mission To India Foundation Amherst, NH | $21,580 | $1,489,126 |
Jem Foundation Inc Brooklyn, NY | $1,781,037 | $2,083,795 |
American Friends Of Migdal Torah Inc Brooklyn, NY | $316,032 | $1,219,610 |
Chaim Larachamin Foundation Brooklyn, NY | $0 | $999,350 |
Friends Of Our Lady Of Martyrs Shrine Inc Fultonville, NY | $735,114 | $548,617 |