Friendly Heart Foundation
- Assets
- $1.2m
- Revenue
- $77.7k
- Investments
- $53.3k
- Employees
- 0
- Location
- Vancouver, WA
- Founding
- 09/2017
- Data as of
- 12/2021
- EIN
- 81-4791527
Organization Overview
Friendly Heart Foundation is located in Vancouver, WA. The organization was established in 2017. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendly Heart 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 12/2021, Friendly Heart Foundation generated $77.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (49.1%) each year. All expenses for the organization totaled $183.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Friendly Heart Foundation has awarded 29 individual grants totaling $627,951. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL ASSISTANCE FOR UNDERPRIVILEGED FAMILIES IN THE UNITED STATES
PROVIDING FOOD FOR THE HUNGRY
FINANCIAL ASSISTANCE FOR CHILDREN'S MEDICAL EXPENSES
SUPPORT FOR CHILDREN IN INDIA THE FOUNDATION SUPPORTS A SCHOOL FOR THE BLIND IN INDIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Inna Nesterenco Vice-Preside | 1 | $0 | |
Marina Rizhkov President | 1 | $0 | |
Yuliya Izotov Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $180,000 |
| 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 | -$152,267 |
| Total Revenue | $77,733 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $201 |
| Printing and publications | $0 |
| Other expenses | $544 |
| Total operating and administrative expenses | $1,995 |
| Contributions, gifts, grants paid | $180,975 |
| Total expenses and disbursements | $182,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,396 |
| 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 | $1,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $53,264 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,187,660 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Friendly Heart Foundation has awarded $180,975 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS PURPOSE: FINANCIAL SUPPORT FOR WIDOWS | $120,200 |
VARIOUS PURPOSE: FEED THE HUNGRY | $24,000 |
VARIOUS PURPOSE: ASSIST W/ MEDICAL EXPENSES | $14,000 |
CHILD IMPACT SCHOOL FOR THE BLIND PURPOSE: SUPPORT BLIND CHILDREN IN INDIA | $8,775 |
ORPHANAGE IN UKRAINE PURPOSE: SUPPORT UKRAINIAN ORPHANS | $8,000 |
ANONYMOUS PURPOSE: ASSIST W/ MEDICAL EXPENSES | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Luke Commission Inc Sagle, ID | $15,926,571 | $20,745,366 |
Making A Difference Foundation Seattle, WA | $5,648,581 | $9,801,406 |
Washington State University Global Health Pullman, WA | $474,066 | $7,124,881 |
Worldreader Org Seattle, WA | $11,912,107 | $9,017,027 |
All Gods Children International Vancouver, WA | $4,347,832 | $7,534,520 |
International Childrens Care Inc Vancouver, WA | $2,390,869 | $3,895,114 |
Days For Girls International Mount Vernon, WA | $1,621,886 | $3,676,158 |
Childcare Worldwide Lynden, WA | $2,694,359 | $2,926,893 |
India Partners Eugene, OR | $2,001,509 | $3,503,989 |
Glenorchy Marketplace Foundation Bellevue, WA | $35,571,268 | $3,025,099 |
African Entrepreneurship Collective Clinton, WA | $11,434,782 | $6,049,617 |
Alliance For Children Everywhere Seattle, WA | $495,240 | $1,071,349 |