Friend Ships
- Assets
- $2.7m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Charles, LA
- Founding
- 10/2014
- Data as of
- 05/2022
- EIN
- 46-2878325
Organization Overview
Friend Ships is located in Lake Charles, LA. The organization was established in 2014. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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 Ships 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 05/2022, Friend Ships generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (23.5%) each year. All expenses for the organization totaled $1.7m during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Friend Ships has awarded 13 individual grants totaling $716,615. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FRIEND SHIPS PROVIDES HUMANITARIAN AID, MEDICAL SERVICES AND DISASTER RELIEF TO VICTIMS OF NATURAL DISASTER, WAR AND POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL: MEDICAL SERVICES AND HUMANITARIAN AID TO VICTIMS OF WAR AND THE IMPOVERISHED IN THE MIDDLE EAST (GAZA)
DOMESTIC: FOOD ASSISTANCE, DISASTER RELIEF AND COVID PREVENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald H Tipton Executive Director, President | OfficerTrustee | 30 | $0 |
Sandra Tipton Director, Secretary | OfficerTrustee | 30 | $0 |
Teresa Shields Director, Treasurer | OfficerTrustee | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,579,734 |
| Noncash contributions included in lines 1a–1f | $1,353,982 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,579,734 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $55,100 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,634,834 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $133,313 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,232,856 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $8,953 |
| Advertising and promotion | $0 |
| Office expenses | $5,441 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,283 |
| Travel | $1,215 |
| 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 | $81,185 |
| Insurance | $3,388 |
| All other expenses | $0 |
| Total functional expenses | $1,723,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,636 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $546,898 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,172,680 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,732,214 |
| Accounts payable and accrued expenses | $0 |
| 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 | $165,000 |
| Other liabilities | $0 |
| Total liabilities | $165,000 |
| Net assets without donor restrictions | $2,567,214 |
| Net assets with donor restrictions | $0 |
| 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 | $2,732,214 |
Grants Awarded
Over the last fiscal year, Friend Ships has awarded $116,615 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Rayne, LA PURPOSE: Housing assistance for homeless veterans | $29,210 |
SOUTHWEST LOUISIANA PROPERTY MAINTENANCE PURPOSE: Hurricane disaster relief | $19,777 |
LAKE CHARLES FIRE DEPARTMENTSTATION 3 PURPOSE: Hurricane relief | $16,307 |
CITY OF JEAN LAFITTE PURPOSE: Hurricane disaster relief | $12,577 |
Lake Charles, LA PURPOSE: Animal rescue | $9,600 |
Houston, TX PURPOSE: Food assistance to impoverished families and individuals | $9,144 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friend Ships has recieved totaling $328,013.
| Awarding Organization | Amount |
|---|---|
Feed The Children Inc Oklahoma City, OK PURPOSE: NECESSITIES FOR NEEDY CHILDREN & FAMILIES | $327,989 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Legett Foundation Abilene, TX | $82,883,497 | $23,683,505 |
Kickapoo Springs Foundation Abilene, TX | $72,184,356 | $14,228,741 |
L S U Property Foundation Baton Rouge, LA | $15,333,183 | $5,972,139 |
Liberty Ukraine Foundation Austin, TX | $882,212 | $2,684,973 |
Friend Ships Lake Charles, LA | $2,732,214 | $1,634,834 |
Trinity Oaks Enterprises San Antonio, TX | $6,662,220 | $1,110,541 |
At&t Employee Relief Fund Dallas, TX | $5,954,314 | $1,646,484 |
The Manna Center Siloam Springs, AR | $826,207 | $1,196,710 |
Holt Foundation San Antonio, TX | $3,165,417 | $1,736,930 |
Wilson Charitable Tr Jacksonville, AR | $1,312,947 | $53,064 |
Charity Golf Tournament Club Port Lavaca, TX | $32,414 | $682,940 |
Texas Ranger 2023 Inc Houston, TX | $39,340 | $645,000 |