Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $3,727,019

• 1g · Noncash contributions included above

  $76,969

• 2a · Program service revenue: Fees for service

  total $12,922,397 · related or exempt $12,922,397

• 2b · Program service revenue: Fees for service

  total $7,424,934 · related or exempt $7,424,934

• 3 · Investment income

  total $209,124 · excluded $209,124

• 7a · Gross sales of assets other than inventory

  securities $3,075,448

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

  securities $3,029,689

• 7c · Gain or loss

  securities $45,759

• 7d · Net gain or loss

  total $45,759 · excluded $45,759

• 11a · Other revenue: Other income

  total $2,521 · excluded $2,521

• 11e · Other revenue, total

  $2,521

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $508,021 · program services $431,518 · management and general $44,703 · fundraising $31,800

• 7 · Other salaries and wages

  total $11,447,193 · program services $9,840,449 · management and general $917,776 · fundraising $688,968

• 8 · Pension plan contributions

  total $188,833 · program services $121,088 · management and general $47,815 · fundraising $19,930

• 9 · Other employee benefits

  total $1,177,865 · program services $1,036,636 · management and general $53,918 · fundraising $87,311

• 10 · Payroll taxes

  total $1,121,051 · program services $869,625 · management and general $194,556 · fundraising $56,870

• 11b · Fees: legal

  total $21,046 · program services $16,569 · management and general $2,542 · fundraising $1,935

• 11c · Fees: accounting

  total $45,236 · management and general $45,236

• 11f · Fees: investment management

  total $11,864 · management and general $11,864

• 11g · Fees: other

  total $1,809,142 · program services $1,424,284 · management and general $218,528 · fundraising $166,330

• 12 · Advertising and promotion

  total $25,511 · program services $20,085 · management and general $3,081 · fundraising $2,345

• 13 · Office expenses

  total $735,299 · program services $423,188 · management and general $166,191 · fundraising $145,920

• 16 · Occupancy

  total $496,901 · program services $465,121 · management and general $26,239 · fundraising $5,541

• 17 · Travel

  total $63,673 · program services $56,258 · management and general $2,821 · fundraising $4,594

• 19 · Conferences, conventions and meetings

  total $138,858 · program services $26,498 · management and general $7,717 · fundraising $104,643

• 22 · Depreciation, depletion and amortization

  total $70,792 · program services $50,802 · management and general $19,990

• 23 · Insurance

  total $101,886 · program services $16,584 · management and general $84,383 · fundraising $919

• 24a · Other expenses: Client assistance

  total $6,218,835 · program services $6,218,835

• 24b · Other expenses: Program service meals

  total $310,082 · program services $244,118 · management and general $37,455 · fundraising $28,509

• 24c · Other expenses: Dues/subscriptions

  total $6,468 · program services $812 · management and general $1,638 · fundraising $4,018

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $932,638 · end of year $1,081,292

• 2 · Savings and temporary cash investments

  beginning of year $1,014,873 · end of year $1,037,124

• 3 · Pledges and grants receivable

  beginning of year $2,970,469 · end of year $1,961,571

• 4 · Accounts receivable

  beginning of year $348 · end of year $348

• 8 · Inventories for sale or use

  beginning of year $27,200 · end of year $27,200

• 9 · Prepaid expenses and deferred charges

  beginning of year $44,923 · end of year $55,425

• 10a · Land, buildings and equipment: cost or other basis

  $1,918,135

• 10b · Land, buildings and equipment: accumulated depreciation

  $987,923

• 10c · Land, buildings and equipment, net

  beginning of year $962,356 · end of year $930,212

• 11 · Investments: publicly traded securities

  beginning of year $3,608,637 · end of year $4,859,129

• 14 · Intangible assets

  beginning of year $12,473 · end of year $12,473

• 15 · Other assets

  beginning of year $1,012,722 · end of year $621,700

• 17 · Accounts payable and accrued expenses

  beginning of year $1,121,975 · end of year $1,619,395

• 19 · Deferred revenue

  end of year $48,804

• 21 · Escrow or custodial account liability

  beginning of year $90,905 · end of year $84,316

• 25 · Other liabilities

  beginning of year $1,018,425 · end of year $619,994

• 27 · Net assets without donor restrictions

  beginning of year $6,238,004 · end of year $6,625,016

• 28 · Net assets with donor restrictions

  beginning of year $2,117,330 · end of year $1,588,949

The filer's explanations (Part III)

Part I, Line 3

Friendship Place has a compensation committee that is responsible for determining and approving the salary and other compensation of the President, upon start of employment and at least annually thereafter. The President is responsible for determining and approving the salary and other compensation for Vice President, Finance and Administration, upon start of employment and at least annually thereafter.