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Nonprofiteer
← FRIENDSHIP SENIOR OPTIONS FOUNDATION NFP

Form 990 for tax year 2022

Filed by FRIENDSHIP SENIOR OPTIONS FOUNDATION NFP.

Totals

Total revenue
$156,513
Total expenses
$53,728
Contributions and grants received
$140,867
Grants paid
$4,804
Program service revenue
$0
Investment income
$15,646
Other revenue
$0
Total assets, end of year
$592,206
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$592,206
Program services expenses (Part IX)
$49,450
Management and general expenses
$4,121
Fundraising expenses
$157
Program service expenses (Part III)
$49,450

Program services were 92.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $140,867

  • 3 · Investment income

    total $15,646 · excluded $15,646

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,804 · program services $4,804

  • 7 · Other salaries and wages

    total $19,424 · program services $19,424

  • 9 · Other employee benefits

    total $11,251 · program services $11,251

  • 10 · Payroll taxes

    total $2,203 · management and general $2,203

  • 11g · Fees: other

    total $9,271 · program services $9,114 · fundraising $157

  • 13 · Office expenses

    total $6,657 · program services $4,739 · management and general $1,918

  • 17 · Travel

    total $118 · program services $118

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $471,539 · end of year $463,656

  • 11 · Investments: publicly traded securities

    beginning of year $125,668 · end of year $117,399

  • 15 · Other assets

    beginning of year $0 · end of year $11,151

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,320

  • 25 · Other liabilities

    beginning of year $80,527 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $464,221 · end of year $513,390

  • 28 · Net assets with donor restrictions

    beginning of year $41,139 · end of year $78,816

Mission and programs · 2022

Mission

WE ARE THE FORUM FOR A CONTINUOUSLY EVOLVING PHILOSOPHY TO CREATE AND GARNER SUPPORT FOR SENIORS AND THE INDIVIDUALS AND ORGANIZATIONS WHO SERVE THEM.

Activities or mission (Part I)

TO PROVIDE FINANCIAL SUPPORT FOR FRIENDSHIP SENIOR OPTIONS, NFP AND ITS AFFILIATES.

  • TO SUPPORT FRIENDSHIP VILLAGE OF SCHAUMBURG AND FRIENDSHIP SENIOR OPTIONS, NFP IN THEIR CARING MISSION TO PROVIDE FOR THE NEEDS OF OLDER ADULTS.

    Expenses $49,450 · Grants $4,804 · Revenue $156,513

As filed on the 2022 return.

Listed in Part VII

  • Connie Shoemake

    SECRETARY & CHAIR

    Total calculated
    $1,200
    From this org
    $0
    From related orgs
    $1,200
    Other
    $0
    Hours/week
    0.2 + 0.4 related

  • Brad Barrie

    CHAIR & DIRECTOR

    Total calculated
    $1,800
    From this org
    $0
    From related orgs
    $1,800
    Other
    $0
    Hours/week
    0.2 + 0.5 related

  • Geoff Roehll

    DIRECTOR

    Total calculated
    $2,250
    From this org
    $0
    From related orgs
    $2,250
    Other
    $0
    Hours/week
    0.2 + 0.6 related

  • Bill Browne

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • Michael Flynn

    CEO

    Total calculated
    $321,916
    From this org
    $0
    From related orgs
    $297,935
    Other
    $23,981
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $267,378 related
    Bonus
    $0 + $30,000 related
    Other
    $0 + $557 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,981 related
    Filer's total
    $0 + $321,916 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION OF THE ORGANIZATION'S CEO WAS DETERMINED BY METHODS USED BY A RELATED ORGANIZATION. SEE SCHEDULE O RESPONSE FOR PART VI, SECTION B, LINE 15A.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
9 February 2024
IRS schema version
2022v5.0
Source object
202440409349300639

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