Friends Of The Poor
- Assets
- $3.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 5
- Location
- Scranton, PA
- Founding
- Data as of
- 12/2021
- EIN
- 26-0046876
Organization Overview
Friends Of The Poor is located in Scranton, PA. As of 12/2021, Friends Of The Poor employed 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Friends Of The Poor is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF FRIENDS OF THE POOR IS TO BRING TOGETHER IN FRIENDSHIP THOSE WHO HAVE THE DESIRE TO GIVE WITH THOSE WHO ARE IN NEED OF ASSISTANCE, IN ORDER TO EASE THE BURDEN OF LIVING IN POVERTY AND ENHANCE THE QUALITY OF LIFE FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY TO FAMILY: PROGRAM STARTED IN 1986 TO PROVIDE NEEDY FAMILIES IN THE COMMUNITY WITH FOOD AND DINNER BASKETS DURING THE THANKSGIVING HOLIDAY SEASON. ANNUALLY, THE PROGRAM FEEDS APPROXIMATELY 15,000 PEOPLE AND THROUGHOUT THE PROGRAM'S HISTORY HAS PROVIDED OVER 300,000 PEOPLE WITH THANKSGIVING DINNERS. IN 2021, THE PROGRAM SERVED 17,947 INDIVIDUALS ACROSS THREE SEASONAL FOOD DISTRIBUTIONS (EASTER,THANKSGIVING, AND CHRISTMAS) AND SEVERAL COVID-19 EMERGENCY DRIVE-THROUGH DISTRIBUTIONS.
FOOD PANTRIES: 56,362 INDIVIDUALS SERVED IN 2021 ACROSS 17 FULL AND PART-TIME FOOD PANTRIES IN LACKAWANNA COUNTY
CHILDREN'S PROGRAMS: SEVERAL EDUCATIONAL AND SOCIAL PROGRAMS FOR CHILDREN HOSTED THROUGHOUT THE YEAR.
GENERAL PROGRAMS: CLOTHES LINE FOR MEN, SEASONAL DINNERS, FOOD GIVEAWAYS, AND EVENTS TO PROVIDE ASSISTANCE TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meghan Loftus President & Ceo, Ex-Officio Director | OfficerTrustee | 40 | $76,717 |
John Mcgovern Jr ESQ CPA Treasurer | OfficerTrustee | 1 | $0 |
Louis P Ingargiola Secretary | OfficerTrustee | 1 | $0 |
Edwin A Abrahamsen Jr Chair | OfficerTrustee | 1 | $0 |
Linda Robeson Vice Chair | OfficerTrustee | 1 | $0 |
Peter Moylan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,565 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,579,213 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,599,778 |
| Total Program Service Revenue | $0 |
| Investment income | $3,409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,603,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $76,632 |
| Compensation of current officers, directors, key employees. | $30,653 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,984 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,537 |
| Payroll taxes | $14,663 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,535 |
| Fees for services: Other | $2,071 |
| Advertising and promotion | $0 |
| Office expenses | $13,636 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $106,190 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,766 |
| Insurance | $38,720 |
| All other expenses | $93,219 |
| Total functional expenses | $909,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,668 |
| Savings and temporary cash investments | $2,252,710 |
| Pledges and grants receivable | $78,277 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,759 |
| Net Land, buildings, and equipment | $196,644 |
| Investments—publicly traded securities | $1,050,433 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,500 |
| Total assets | $3,607,991 |
| Accounts payable and accrued expenses | $16,858 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,858 |
| Net assets without donor restrictions | $3,326,366 |
| Net assets with donor restrictions | $264,767 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,607,991 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of The Poor has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Oppenheim Foundation Kensington, MD PURPOSE: CHARITABLE | $15,000 |
Endowment Analysis
| Earnings | $25,510 |
| Net Contributions | $1,024,923 |
| Ending Balance | $1,050,433 |
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