Friendship Village Of Tempe Foundation Inc
- Assets
- $4.5m
- Revenue
- $529.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Tempe, AZ
- Founding
- 09/1987
- Data as of
- 12/2021
- EIN
- 86-0564702
Organization Overview
Friendship Village Of Tempe Foundation Inc is located in Tempe, AZ. The organization was established in 1987. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Friendship Village Of Tempe Foundation Inc 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, Friendship Village Of Tempe Foundation Inc generated $529.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $324.3k during the year ending 12/2021. While expenses have increased by 7.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SUPPORTS FRIENDSHIP VILLAGE OF TEMPE INC BY PROVIDING ASSISTANCE TO IMPECUNIOUS RESIDENTS AND BY PROVIDING EDUCATIONAL ASSISTANCE TO VILLAGE EMPLOYEES.
Describe the Organization's Program Activity:
PROVIDE FUNDING FOR PROJECTES THAT ENHANCE FVT RESIDENT HEALTHCARE. THESE EXPENDITURES INCLUDED THRANSFER OF THE VILLAGE SHOP INCOME FROM 2020 AND THE FIRST HALF OF 2021 TO THE FRIENDSHIP VLILLAGE OF TEMPE MEMORIAL FUND WITH THE RESTRICTION THAT THEY BE USED FOR RESIDENT HEALTH CARE IMPROVEMENTS.
PROVIDE FUNDING FOR PROJECTES THAT ENHANCE FVT RESIDENT SERVICES IMPROVEMENTS IN DAILY LIVING. THESE SERVICES INLUDED IMPROVEMENTS IN COMMON AREA OUTDOOR SHADE AND MISTING SYSTEMS, ASSISTED LIVING DINING SERVICES, AND VILLAGE TECHNOLOGY SYSTEMS FOR COMMUNICATION IMPROVEMENTS.
VILLAGE EMPLOYEES' EDUCATION - FRIENDSHIP VILLAGE EMPLOYS MANY LOW-INCOME EMPLOYEES WHO NEED FINANCIAL ASSISTANCE IN ORDER TO FURTHER THEIR EDUCATION PRIMARILY THROUGH MESA COMMUNITY COLLEGE AND ARIZONA STATE UNIVERSITY. THE VILLAGE SETS SELECTION STANDARDS WHICH ESSENTIALLY ALLOWS GRANTS TO ALL EMPLOYEES WHO SUCCESSFULLY COMPLETE QUALIFYING COURSE WORK AND CERTIFICATE PROGRAMS. FRIENDSHIP VILLAGE OF TEMPE FINANCES THE ACTUAL AWARDS. IN 2021 THE REQUESTS FOR FUNDING WERE A LITTLE OVER HALF OF OUR NORMAL BUDGETED EXPENDITURES DUE TO COVID-19'S IMPACT ON STUDENT ENROLLMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Crawford Director | OfficerTrustee | 4 | $0 |
Lynn Busenbark Vice President | OfficerTrustee | 3 | $0 |
Mary Gray Secretary | OfficerTrustee | 3 | $0 |
Walt Blackmore Treasurer | OfficerTrustee | 5 | $0 |
Arlene Morris Director End 08/21 | Trustee | 3 | $0 |
Debbie Farnam Director Beg 02/21 | Trustee | 3 | $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 | $101,269 |
| Noncash contributions included in lines 1a–1f | $12,977 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,269 |
| Total Program Service Revenue | $13,282 |
| Investment income | $130,220 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $284,981 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $529,752 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $225,395 |
| Grants and other assistance to domestic individuals. | $53,977 |
| 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 | $110 |
| Fees for services: Accounting | $3,744 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,126 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,952 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $324,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $131,835 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,396,757 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,528,592 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $4,528,592 |
| 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 | $4,528,592 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Loma Linda - Inland Empire Consortium For Healthcare Educatio Loma Linda, CA | $13,392,456 | $70,891,145 |
Daniels Fund Denver, CO | $0 | $97,503,421 |
The Larry Ellison Foundation Walnut Creek, CA | $37,551,478 | $41,100,114 |
The@bob And Margie Petersen Foundation Pasadena, CA | $667,659 | $2,230,866 |
H N And Frances C Berger Foundation Palm Desert, CA | $0 | $33,542,888 |
Playworks Education Energized Oakland, CA | $24,126,538 | $37,991,341 |
Coalition Of Homeless Services Providers Seaside, CA | $4,824,470 | $13,798,349 |
Applied Materials Foundation Santa Clara, CA | $3,893,946 | $2,033,120 |
Cal Poly Pomona Philanthropic Foundation Pomona, CA | $212,751,456 | $20,250,176 |
Intuitive Foundation Sunnyvale, CA | $66,087,520 | $30,041,225 |
Cal State Fullerton Philanthropic Foundation Fullerton, CA | $185,411,080 | $61,222,330 |
The Center For Common Concerns Inc San Francisco, CA | $4,578,561 | $9,221,724 |