Friends In Deed
- Assets
- $823.1k
- Revenue
- $754.5k
- Investments
- $186.4k
- Employees
- 12
- Location
- Ypsilanti, MI
- Founding
- 04/1984
- Data as of
- 12/2022
- EIN
- 38-2443974
Organization Overview
Friends In Deed is located in Ypsilanti, MI. The organization was established in 1984. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Friends In Deed employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends In Deed 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 12/2022, Friends In Deed generated $754.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $882.2k during the year ending 12/2022. While expenses have increased by 16.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RESPONDS TO UNMET NEEDS OF LOW-INCOME WASHTENAW COUNTY RESIDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FURNITURE PROGRAM RECEIVED FROM DONORS AND MATCHED WITH THOSE IN NEED.
OUTREACH TO NETWORK CONGREGATIONS, CLEARING HOUSE, REFERRAL SERVICES, AND EDUCATION MATERIALS.
DIRECT ASSISTANCE PROGRAM INCLUDING: UTILITY BILLS, CAR REPAIRS, TRANSPORTATION.
CIRCLES WASHTENAW COUNTY WHICH DEVELOPS MEANINFUL RELATIONSHIPS ACROSS SOCIO-ECONOMIC LINES IN AN EFFORT TO MOVE FAMILIES OUT OF POVERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Klar Treasurer | OfficerTrustee | 2 | $0 |
Danielle Milner President | OfficerTrustee | 5 | $0 |
Kristin Gapske Vice Preside | OfficerTrustee | 2 | $0 |
Gary Stahl Secretary | OfficerTrustee | 2 | $0 |
Alexandra Dieck Director | Trustee | 1 | $0 |
Alisha Spencer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $135,990 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $652,756 |
| Noncash contributions included in lines 1a–1f | $75,860 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $788,746 |
| Total Program Service Revenue | $0 |
| Investment income | $690 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$34,931 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $754,505 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $136,443 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $428,146 |
| Pension plan accruals and contributions | $10,090 |
| Other employee benefits | $22,130 |
| Payroll taxes | $31,951 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,513 |
| Advertising and promotion | $3,093 |
| Office expenses | $26,325 |
| Information technology | $18,857 |
| Royalties | $0 |
| Occupancy | $62,015 |
| Travel | $2,180 |
| 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 | $10,799 |
| Insurance | $4,933 |
| All other expenses | $12,439 |
| Total functional expenses | $882,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $377,472 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,092 |
| 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 | $2,207 |
| Net Land, buildings, and equipment | $208,361 |
| Investments—publicly traded securities | $45,527 |
| Investments—other securities | $186,437 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $823,096 |
| Accounts payable and accrued expenses | $18,407 |
| 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 | $18,407 |
| Net assets without donor restrictions | $557,821 |
| Net assets with donor restrictions | $246,868 |
| 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 | $823,096 |