Friendship Educational Foundation
- Assets
- $47.8m
- Revenue
- $11.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Redondo Beach, CA
- Founding
- 09/2019
- Data as of
- 08/2023
- EIN
- 83-6636499
Organization Overview
Friendship Educational Foundation is located in Redondo Beach, CA. The organization was established in 2019. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Educational 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 08/2023, Friendship Educational Foundation generated $11.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 24.7% each year . All expenses for the organization totaled $379.5k during the year ending 08/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE AND INSPIRE ALL CHILDREN AND YOUNG ADULTS TO REACH THEIR FULL POTENTIAL THROUGH
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRIENDSHIP CAMPUS IS IN DEVELOPMENT TO SERVE STUDENTS WHO ARE INTELLECTUALLY AND PHYSICALLY DIVERSE AND WILL INCLUDE VOCATIONAL PROGRAMS, A TRANSITION PROGRAM AND ACT AS THE HEADQUARTERS FOR FRIENDSHIP FOUNDATION'S 50+ PROGRAMS AND INCLUSIVE SCHOOL CLUB PROGRAMMING IN WHICH EVERYONE HAS A PLACE. THE FRIENDSHIP CAMPUS WILL INCLUDE A 64,000 SQUARE FOOT FACILITY TO DEVELOP AN ENGAGING AND INVITING ENVIRONMENT FOR THE ENTIRE COMMUNITY. IT WILL FOCUS ON SERVING THE WHOLE INDIVIDUAL WITH TALENT AND SKILL BUILDING; PERSONAL GROWTH AN DEVELOPMENT PROGRAMS; SOCIAL AND EMOTIONAL WELLNESS; HEALTHY LIFESTYLE HABITS AND PHYSICAL FITNESS; JOB TRAINING AND EXPLORATION PROGRAMS. TECHNOLOGY, FINANCIAL LITERACY, MEDIA, HOSPITALITY, CULINARY, OFFICE, EDUCATION, AND TRADES, ARE SOME OF THE INITIAL VOCATIONAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yossi Mintz President | OfficerTrustee | 10 | $0 |
Edward Kaminsky Secretary | OfficerTrustee | 1 | $0 |
John Pollitt Treasurer | OfficerTrustee | 1 | $0 |
Adam Carroll Director | Trustee | 1 | $0 |
Portia Cohen Director | Trustee | 1 | $0 |
Yosef Gorowitz Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gensler Construction | 8/30/23 | $109,936 |
Ampco Contracting Construction | 8/30/23 | $150,580 |
Gardiner & Theobald Construction | 8/30/23 | $170,826 |
Lockton Insurance Brokers Llc Insurance | 8/30/23 | $453,075 |
Project Delivery Group West Construction | 8/30/23 | $1,715,511 |
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 | $10,705,629 |
| Noncash contributions included in lines 1a–1f | $35,938 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,705,629 |
| Total Program Service Revenue | $0 |
| Investment income | $495,517 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $62,844 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,263,990 |
| 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. | $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 | $725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,742 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,773 |
| Travel | $1,817 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $379,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,381,977 |
| Savings and temporary cash investments | $578,982 |
| Pledges and grants receivable | $12,904,242 |
| Accounts receivable, net | $48,437 |
| 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 | $0 |
| Investments—publicly traded securities | $20,033,727 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,852,616 |
| Total assets | $47,799,981 |
| Accounts payable and accrued expenses | $210,495 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $210,495 |
| Net assets without donor restrictions | $9,456,466 |
| Net assets with donor restrictions | $38,133,020 |
| 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 | $47,799,981 |