Skip to content
Nonprofiteer
← FRIENDSHIP FOUNDATION INC

Form 990 for tax year 2022

Filed by FRIENDSHIP FOUNDATION INC.

Totals

Total revenue
$115,792
Total expenses
$165,553
Contributions and grants received
$24,985
Grants paid
$0
Program service revenue
$0
Investment income
$90,807
Other revenue
$0
Total assets, end of year
$1,035,427
Total liabilities, end of year
$1,192,340
Net assets or fund balances, end of year
-$156,913
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$165,553
Program service expenses (Part III)
not reported

Program services were 0.0% 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

    $24,985

  • 3 · Investment income

    total $11,267 · excluded $11,267

  • 7a · Gross sales of assets other than inventory

    securities $341,787

  • 7b · Less cost or other basis and sales expenses

    securities $262,247

  • 7c · Gain or loss

    securities $79,540

  • 7d · Net gain or loss

    total $79,540 · related or exempt $79,540

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $26,427 · fundraising $26,427

  • 8 · Pension plan contributions

    total $6,486 · fundraising $6,486

  • 9 · Other employee benefits

    total $2,005 · fundraising $2,005

  • 10 · Payroll taxes

    total $3,455 · fundraising $3,455

  • 12 · Advertising and promotion

    total $2,580 · fundraising $2,580

  • 16 · Occupancy

    total $28,872 · fundraising $28,872

  • 17 · Travel

    total $1,030 · fundraising $1,030

  • 23 · Insurance

    total $32 · fundraising $32

  • 24a · Other expenses: PROFESSIONAL FEES

    total $73,110 · fundraising $73,110

  • 24b · Other expenses: SUPPLIES

    total $10,210 · fundraising $10,210

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,921 · fundraising $2,921

  • 24d · Other expenses: POSTAGE

    total $2,641 · fundraising $2,641

  • 24e · All other expenses

    total $5,784 · fundraising $5,784

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $429,870 · end of year $135,027

  • 3 · Pledges and grants receivable

    beginning of year $93,125 · end of year $77,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $866 · end of year $866

  • 11 · Investments: publicly traded securities

    beginning of year $753,774 · end of year $821,437

  • 15 · Other assets

    beginning of year $0 · end of year $597

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,686 · end of year $6,486

  • 25 · Other liabilities

    beginning of year $1,323,957 · end of year $1,185,854

  • 27 · Net assets without donor restrictions

    beginning of year -$129,508 · end of year -$156,913

  • 28 · Net assets with donor restrictions

    beginning of year $45,500 · end of year $0

Mission and programs · 2022

Mission

RAISE FUNDS IN SUPPORT OF FRIENDSHIP COMMUNITY CARE INC 71-0433583

  • TO RAISE FUNDS FOR FRIENDSHIP COMMUNITY CARE INC THE SUPPORTING ORGANIZATION

As filed on the 2022 return.

Listed in Part VII

  • HUNTER BALE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JULIE BARBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN BROCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHNNY CHAMBERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LUKE DUFFIELD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GREG HATCHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VICKIE HENDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SENA CRAFTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDY MCNEIL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LIBBY SCHALLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GORDON SHIRRON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIMMY STREET

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    40

  • CLAY YOUNG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • CRAIG CLOUD

    EX-OFFICIO CEO

    Total calculated
    $201,042
    From this org
    $0
    From related orgs
    $201,042
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $201,042 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $201,042 related

  • CINDY MAHAN

    EX OFFICIO DIRECTOR

    Total calculated
    $224,042
    From this org
    $0
    From related orgs
    $224,042
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $224,042 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $224,042 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

None.

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

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
10 May 2024
IRS schema version
2022v5.0
Source object
202401349349305500

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.