Friends For Life

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Inez Russell
Executive Director
$70,113
Christopher Cobb
COO
$52,591
Carla Hines
CFO
$39,683
Sandy Ray
Vice President
$0
Cheryl Lenamon
Secretary
$0
Leonard Englander
Treasurer
$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$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

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Friends For Life has recieved totaling $141,000.

Awarding OrganizationAmount
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
$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
View Grant Recipient Profile

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