Friendship Train Foundation
- Assets
- $328.4k
- Revenue
- $165.7k
- Investments
- $265.0k
- Employees
- 0
- Location
- Neptune, NJ
- Founding
- 01/2009
- Data as of
- 11/2021
- EIN
- 26-1552650
Organization Overview
Friendship Train Foundation is located in Neptune, NJ. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Train Foundation 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 11/2021, Friendship Train Foundation generated $165.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $136.4k during the year ending 11/2021. As we would expect to see with falling revenues, expenses have declined by (16.6%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATED A COMMUNITY CENTER AND PROVIDED CLASSES AND OTHER COMMUNITY SERVICE ACTIVITIES TO THE LOCAL COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Treson Secretary | 5 | $10,000 | |
Michel Marks President | 0 | $0 | |
Amie Taylor Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $128,000 |
| Interest on Savings | $3 |
| Dividends & Interest | $2,748 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,333 |
| Capital Gain Net Income | $8,333 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $26,605 |
| Total Revenue | $165,689 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $35,272 |
| Pension plans, employee benefits | $6,823 |
| Interest | $0 |
| Taxes | $301 |
| Depreciation | $2,811 |
| Occupancy | $5,153 |
| Travel, conferences, and meetings | $961 |
| Printing and publications | $0 |
| Other expenses | $68,342 |
| Total operating and administrative expenses | $136,438 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $136,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,856 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,596 |
| Other assets | $43,876 |
| Total assets | $328,353 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,171 |
| Total liabilities | $4,171 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friendship Train Foundation has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Mullin Family Foundation Ocean, NJ PURPOSE: CHARITABLE CONTRIBUTION | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |
Bristol-Myers Squibb Foundation Inc New York, NY | $146,629,708 | $46,784 |