Friendship Ark Inc
- Assets
- $5.4m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 102
- Location
- Ames, IA
- Founding
- 11/1999
- Data as of
- 06/2023
- EIN
- 42-1489488
Organization Overview
Friendship Ark Inc is located in Ames, IA. The organization was established in 1999. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Friendship Ark Inc employed 102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Ark 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, Friendship Ark Inc generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $4.6m during the year ending 06/2023. While expenses have increased by 12.0% 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
FRIENDSHIP ARK, INC. IS A FAITH-BASED, NONPROFIT CORPORATION THAT PROVIDES HCBS RESIDENTIAL WAIVER SERVICES TO PERSONS WITH INTELLECTUAL DISABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDSHIP ARK, INC. IS A FAITH-BASED, NONPROFIT CORPORATION THAT PROVIDES HCBS RESIDENTIAL WAIVER SERVICES TO PERSONS WITH INTELLECTUAL DISABILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Ellis Executive Dir. | Officer | 40 | $97,486 |
Heather Botine Secretary | OfficerTrustee | 4 | $0 |
Luke Jensen Director | Trustee | 2 | $0 |
Kyle Briese President | OfficerTrustee | 4 | $0 |
Melissa Muschick Director | Trustee | 2 | $0 |
Jane Halliburton Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $777,359 |
| All other contributions, gifts, grants, and similar amounts not included above | $461,725 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,239,084 |
| Total Program Service Revenue | $4,186,619 |
| Investment income | $4,346 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $184,120 |
| 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 | $5,640,018 |
| 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. | $106,656 |
| Compensation of current officers, directors, key employees. | $95,990 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,167,586 |
| Pension plan accruals and contributions | $64,500 |
| Other employee benefits | $185,223 |
| Payroll taxes | $283,008 |
| 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 | $11,695 |
| Advertising and promotion | $5,334 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $143,999 |
| 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 | $82,297 |
| Insurance | $15,887 |
| All other expenses | $16,490 |
| Total functional expenses | $4,608,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,450,120 |
| Pledges and grants receivable | $133,740 |
| Accounts receivable, net | $526,932 |
| 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 | $46,037 |
| Net Land, buildings, and equipment | $2,476,134 |
| Investments—publicly traded securities | $245,142 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $564,769 |
| Total assets | $5,442,874 |
| Accounts payable and accrued expenses | $478,684 |
| 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 | $368,127 |
| Total liabilities | $846,811 |
| Net assets without donor restrictions | $4,091,998 |
| Net assets with donor restrictions | $504,065 |
| 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 | $5,442,874 |