Friars Club Inc
- Assets
- $1.8m
- Revenue
- $607.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Cincinnati, OH
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 31-0537485
Organization Overview
Friars Club Inc is located in Cincinnati, OH. The organization was established in 1946. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2023, Friars Club Inc employed 6 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Friars Club Inc 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 06/2023, Friars Club Inc generated $607.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $873.4k during the year ending 06/2023. While expenses have increased by 5.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FRIARS CLUB, A CATHOLIC, FRANCISCAN MINISTRY, DEVELOPS VALUABLE LIFE SKILLS IN OUR YOUTH THROUGH SPORTS, EDUCATION AND LEADERSHIP PROGRAMMING TO ENRICH THEIR LIVES AND BUILD OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OBJECTIVE OF THE FRIARS CLUB IS TO BE A PLACE WHERE CHILDREN OF DIVERSE SOCIAL, CULTURAL AND ECONOMIC BACKGROUNDS CAN PLAY, WORK AND GROW TOGETHER THROUGH ACADEMIC AND SPORTS PROGRAMS. FRIARS CLUB OFFERS AN OPPORTUNITY TO HELP AT-RISK BOYS AND GIRLS ESTABLISH A SET OF VALUES; RESPECT, RESPONSIBILITY, LEADERSHIP AND GOOD SPORTSMANSHIP; SKILLS ALL GAINED THROUGH SPORTS AND EDUCATION. FRIARS CLUB INSTRUCTION AND GUIDANCE BUILDS HEALTHY BODIES, MINDS AND SPIRITS BY BOLSTERING SELF-ESTEEM AND SELF-DISCIPLINE, WHILE, AT THE SAME TIME, REINFORCING POSITIVE BEHAVIOR AND ADDRESSING EDUCATIONAL NEEDS THROUGH ITS MANY PROGRAMS. FRIARS CLUB CURRENTLY SERVE OVER 1000 CHILDREN ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Mueller Board Member | Trustee | 0.5 | $0 |
Charles Fredrick Board Member | Trustee | 0.5 | $0 |
Michael Leavy Board Member - Exit 01/23 | Trustee | 0.5 | $0 |
Patrick Veith Board Member | Trustee | 0.5 | $0 |
Nicole Dowdell Board Member | Trustee | 0.5 | $0 |
Kevin Coker Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $132,206 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $298,447 |
| Noncash contributions included in lines 1a–1f | $29,550 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $430,653 |
| Total Program Service Revenue | $149,067 |
| Investment income | $44 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $994 |
| Net Income from Fundraising Events | $9,099 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,939 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $607,913 |
| 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. | $114,278 |
| Compensation of current officers, directors, key employees. | $23,950 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $191,633 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,920 |
| Payroll taxes | $24,213 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,671 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,798 |
| Advertising and promotion | $8,554 |
| Office expenses | $22,232 |
| Information technology | $375 |
| Royalties | $0 |
| Occupancy | $266,679 |
| 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 | $0 |
| Insurance | $11,493 |
| All other expenses | $521 |
| Total functional expenses | $873,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,869 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,058 |
| Accounts receivable, net | $2,230 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,536,760 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $1,783,917 |
| Accounts payable and accrued expenses | $41,045 |
| 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 | $41,045 |
| Net assets without donor restrictions | $172,713 |
| Net assets with donor restrictions | $1,570,159 |
| 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 | $1,783,917 |