Friend Foundation
- Assets
- $149.9k
- Revenue
- $45.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Grain Valley, MO
- Founding
- 02/2004
- Data as of
- 12/2022
- EIN
- 43-6872375
Organization Overview
Friend Foundation is located in Grain Valley, MO. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Friend 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 12/2022, Friend Foundation generated $45.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $44.0k during the year ending 12/2022. While expenses have increased by 16.5% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL ASSISTANCE - DIRECT FINANCIAL ASSISTANCE TO INDIVIDUALS AND FAMILIES
TIMESHARE - THE FOUNDATION MAINTAINS A TIME SHARE PROPERTY FOR THE DIRECT USE BY BENEFICIARIES OF THE FOUNDATION. EXPENSES INCURRED TO MAINTAIN PROPERTY ARE INTEREST AND MAINTENANCE FEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter T Friend Executive Trustee | 5 | $0 | |
Teresa E Friend Trustee-Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $45,252 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,252 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $8,155 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,504 |
| Printing and publications | $0 |
| Other expenses | $8,798 |
| Total operating and administrative expenses | $22,607 |
| Contributions, gifts, grants paid | $21,357 |
| Total expenses and disbursements | $43,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,949 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Other assets | $147,908 |
| Total assets | $149,857 |
| 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 | $62,322 |
| Other liabilities | $0 |
| Total liabilities | $62,322 |
Grants Awarded
Over the last fiscal year, Friend Foundation has awarded $21,357 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
THE CHURCH OF JESUS CHRIST CHILDREN PURPOSE: DONATION | $1,397 |
MUNSTERMAN FAMILY PURPOSE: STUDENT HOUSING ASSISTANCE | $4,449 |
GONZALES FAMILY PURPOSE: MECIAL AND NUTRITIONAL ASSISTANCE | $2,763 |
KING FAMILY PURPOSE: HOME REPAIRS MEALS MEDICAL | $1,707 |
SMITH FAMILY PURPOSE: MEDICAL ASSISTANCE FINANCIAL ASSISTANCE FOR TRAVEL FOOD CLOTHING | $7,194 |
MATT SMITH PURPOSE: SHOLARSHIP LAPTOP | $1,809 |