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Nonprofiteer
← FRIENDS DEVELOPMENT FUND INC

Form 990 for tax year 2025

Filed by FRIENDS DEVELOPMENT FUND INC.

Totals

Total revenue
$153,440
Total expenses
$78,005
Contributions and grants received
$0
Grants paid
$65,037
Program service revenue
$0
Investment income
$153,440
Other revenue
$0
Total assets, end of year
$1,782,021
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,782,021
Program services expenses (Part IX)
$65,037
Management and general expenses
$12,968
Fundraising expenses
$0
Program service expenses (Part III)
$65,037

Program services were 83.4% 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.

  • 3 · Investment income

    total $153,440 · related or exempt $153,440 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $65,037 · program services $65,037

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $12,968 · program services $0 · management and general $12,968 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,589 · end of year $1,589

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,648,321 · end of year $1,780,432

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,538,156 · end of year $1,538,156

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $111,754 · end of year $243,865

Mission and programs · 2025

Mission

Invest permanent funds for the purpose of distributing earnings to various Friends exempt entities.

  • Distributed to Iowa Yearly Meeting of Friends in Oskaloosa, IA to supplement the following programs: Church Extension $25,653, Retired Missionaries & Minister's Support $19,153, Missions $3,334, Leadership Development $2,517 Educational Scholarships $1,570, Mesquakie Friends in Tama, IA $660 & Grounds Upkeep $47, Camp Councilor Support $2,120

    Expenses $55,054

  • Distributed to Camp Quaker Heights in Eldora, IA to supplement ministry work done there, as an off shoot of the Iowa Yearly Meeting of Friends.

    Expenses $4,474

  • Distributed to Marshalltown Friends Church in Marshalltown, IA to supplement ministry work done there.

    Expenses $1,726

  • Distributed to William Penn University in Oskaloosa, IA to supplement ministry work there, in connection with the Iowa Yearly Meeting of Friends.

    Expenses $450

  • Distributed to Oskaloosa Monthly Meeting of Friends, in Oskaloosa, IA to supplement ministry work there.

    Expenses $1,567

  • Distributed to Honey Creek-New Providence Friends Church of New Providence, IA to supplement their missions programs, in connection with the Iowa Yearly Meeting of Friends.

    Expenses $201

  • Distributed to Grinnell Friends Church in Grinnell, IA to supplement ministry work there.

    Expenses $603

  • Distributed to Friends United Meeting in Richmond, IN to supplement ministry work on the mission field.

    Expenses $962

As filed on the 2025 return.

Listed in Part VII

  • Manuel Garcia

    trustee

    Total calculated
    $30,000
    From this org
    $0
    From related orgs
    $30,000
    Other
    $0
    Hours/week
    0 + 40 related
  • Dennis Reece

    trustee

    Total calculated
    $0
    Hours/week
    0
  • Mike Martin

    trustee

    Total calculated
    $0
    Hours/week
    0
  • Lloyd Stangland

    trustee

    Total calculated
    $0
    Hours/week
    0
  • Hunter Fitch

    President (Presider)

    Total calculated
    $0
    Hours/week
    0
  • Isaac Good

    Secretary (recorder)

    Total calculated
    $0
    Hours/week
    0
  • John Good

    Treasurer

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

  • Church Extension $25,653. Retired Ministers and Missionaries support $19,153, Missions $3,334, Leadership Development $2,517, Educational Scholarships $1,570, Mesquakie Friends in Tama IA $660, Office grounds upkeep $47, and Camp Counselor Support $2,120

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
2025
Filed
19 April 2026
IRS schema version
2025v4.0
Source object
202621299349300227

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