Friends For Life is located in Waco, TX. The organization was established in 1989. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 08/2022, Friends For Life employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends For Life 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 08/2022, Friends For Life generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $3.2m during the year ending 08/2022. While expenses have increased by 4.5% per year over the past 7 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
FRIENDS FOR LIFE HELPS THE ELDERLY & PEOPLE WITH DISABILITIES LIVE INDEPENDENTLY AS LONG AS POSSIBLE, PROTECTS & CARES FOR THOSE WHO ARE UNABLE TO CARE FOR THEMSELVES & BRINGS GENERATIONS TOGETHER TO ENRICH LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGISTERED PROFESSIONAL GUARDIANSHIP:SERVED AS LEGAL GUARDIAN FOR 501 ELDERLY AND DISABLED ADULTS WHO HAD BEEN VICTIMS OF ABUSE, NEGLECT OR EXPLOITATION. LOCATED SAFE PLACES FOR THEM TO RESIDE AND MADE SURE THEY HAD FOOD, MEDICAL CARE, ETC.
ADULT DAY CARE:OPERATION OF AN ADULT DAY CARE CENTER SERVING 111 INDIVIDUALS. THE CENTER IS OPEN FROM 7:30AM TO 6PM MONDAY THROUGH FRIDAY AND PROVIDES NURSING CARE, MEALS TRANSPORTATION, ACTIVITIES, SOCIAL INTERACTION, EXERCISE PROGRAMS AND MORE.
MONEY MANAGEMENT:PROVIDED MONEY MANAGEMENT SERVICES TO ELDERLY AND ADULTS WITH DISABILITIES WHO WERE UNABLE TO HANDLE THEIR FINANCES AND WERE AT RISK OF HAVING UTILITY SERVICES TERMINATED, ETC. ASSISTED WITH BILL PAYING, BALANCING CHECKBOOKS, ETC. ALSO ASSISTED INDIVIDUALS WITH INFORMATION AND REFERRAL FOR RESOURCES, INSURANCE EVALUATION, INTERVENTION WITH CREDITORS, ETC. APPROXIMATELY 623 INDIVIDUALS WERE SERVED IN THIS PROGRAM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Inez Russell Executive Director | Officer | 60 | $70,113 |
Christopher Cobb COO | Officer | 40 | $52,591 |
Carla Hines CFO | Officer | 40 | $39,683 |
Sandy Ray Vice President | OfficerTrustee | 1 | $0 |
Cheryl Lenamon Secretary | OfficerTrustee | 1 | $0 |
Leonard Englander Treasurer | OfficerTrustee | 1 | $0 |
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 | $882,651 |
Noncash contributions included in lines 1a–1f | $64,480 |
Total Revenue from Contributions, Gifts, Grants & Similar | $882,651 |
Total Program Service Revenue | $2,240,049 |
Investment income | $838 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $10 |
Net Gain/Loss on Asset Sales | $250 |
Net Income from Fundraising Events | $5,855 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $4,043 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,137,299 |
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. | $174,956 |
Compensation of current officers, directors, key employees. | $17,495 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,031,148 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $98,023 |
Payroll taxes | $168,430 |
Fees for services: Management | $0 |
Fees for services: Legal | $3,296 |
Fees for services: Accounting | $10,508 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,429 |
Advertising and promotion | $1,963 |
Office expenses | $134,412 |
Information technology | $33,649 |
Royalties | $0 |
Occupancy | $160,697 |
Travel | $118,658 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,958 |
Interest | $46,575 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $82,381 |
Insurance | $48,104 |
All other expenses | $0 |
Total functional expenses | $3,169,092 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $470,397 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $1,850 |
Accounts receivable, net | $137,419 |
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 | $1,850,678 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $5,323 |
Total assets | $2,465,667 |
Accounts payable and accrued expenses | $165,732 |
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 | $824,096 |
Unsecured mortgages and notes payable | $500,000 |
Other liabilities | $62,678 |
Total liabilities | $1,552,506 |
Net assets without donor restrictions | $913,161 |
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 | $2,465,667 |
Over the last fiscal year, we have identified 5 grants that Friends For Life has recieved totaling $141,000.
Awarding Organization | Amount |
---|---|
Gary & Diane Heavin Community Fund Gatesville, TX PURPOSE: GENERAL OPERATIONS | $85,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $35,000 |
Carl C Anderson Sr And Marie Jo Anderson Charitable Foundation Dallas, TX PURPOSE: GENERAL OPERATIONS | $10,000 |
Oe Blume Jr Foundation Waco, TX PURPOSE: TO FINANCE HELPING THE ELDERLY AND DISABLED ACHIEVE INDEPENDENT LIVING. | $6,000 |
Shelton Family Foundation Abilene, TX PURPOSE: OPERATIONS | $5,000 |
Organization Name | Assets | Revenue |
---|---|---|
Chicot Memorial Medical Center Lake Village, AR | $20,694,512 | $22,104,345 |
Delta Memorial Hospital Dumas, AR | $19,360,595 | $24,048,672 |
Dardanelle Regional Llc Dardanelle, AR | $9,058,761 | $17,081,430 |
St Bernard Community Hospital Corporation Wynne, AR | $12,847,448 | $21,788,321 |
Clayton Health Systems Inc Clayton, NM | $19,342,828 | $19,073,087 |
Falls Community Hospital And Clinic Marlin, TX | $16,201,440 | $24,067,895 |
Purcell Municipal Hospital Purcell, OK | $9,506,068 | $15,513,649 |
Parmer County Community Hospital Inc Friona, TX | $16,718,292 | $16,282,251 |
Swisher Memorial Healthcare System Tulia, TX | $11,057,131 | $12,961,956 |
Mercy Hospital Paris Paris, AR | $2,615,719 | $12,734,195 |
Little River Medical Center Inc Ashdown, AR | $9,137,852 | $13,390,084 |
Mercy Hospital Waldron Waldron, AR | $2,474,108 | $10,620,353 |