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Nonprofiteer
← FRIENDS OF FONDACIONI FIRDEUS INC

Form 990 for tax year 2022

Filed by FRIENDS OF FONDACIONI FIRDEUS INC.

Totals

Total revenue
$3,732,630
Total expenses
$2,232,371
Contributions and grants received
$3,732,407
Grants paid
$2,092,568
Program service revenue
$0
Investment income
$0
Other revenue
$223
Total assets, end of year
$6,623,760
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,623,760
Program services expenses (Part IX)
$2,092,568
Management and general expenses
$139,803
Fundraising expenses
$0
Program service expenses (Part III)
$2,092,568

Program services were 93.7% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $3,732,407

  • 1g · Noncash contributions included above

    $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11d · All other revenue

    total $223 · related or exempt $223 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $223

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $2,092,568 · program services $2,092,568

  • 11b · Fees: legal

    total $1,361 · program services $0 · management and general $1,361 · fundraising $0

  • 11c · Fees: accounting

    total $13,770 · program services $0 · management and general $13,770 · fundraising $0

  • 11g · Fees: other

    total $75,000 · program services $0 · management and general $75,000 · fundraising $0

  • 24a · Other expenses: MERCHANT FEES

    total $49,672 · program services $0 · management and general $49,672 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,123,501 · end of year $6,619,196

  • 4 · Accounts receivable

    end of year $4,564

  • 27 · Net assets without donor restrictions

    beginning of year $5,123,501 · end of year $6,623,760

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

TO PROVIDE RELIEF AND DEVELOPMENT IN A DIGNIFIED MANNER TO DISTRESSED FAMILIES IN ALBANIA, AND TO WORK TO EMPOWER INDIVIDUALS WHOSE LIVES AND LIVELIHOODS ARE DEVASTATED BY POVERTY AND DISASTER TO SURVIVE, RECOVER AND GAIN CONTROL OF THEIR FUTURE.

Activities or mission (Part I)

TO PROVIDE RELIEF AND DEVELOPMENT IN A DIGNIFIED MANNER TO DISTRESSED FAMILIES IN ALBANIA, AND TO EMPOWER INDIVIDUALS WHOSE LIVES AND LIVELIHOODS ARE DEVASTATED BY POVERTY AND DISASTER TO SURVIVE, RECOVER AND GAIN CONTROL OF THEIR FUTURE.

  • BRAVE LITTLE WARRIORS - THIS PROGRAM IS A VITAL INITIATIVE THAT AIMS TO ENSURE THAT CHILDREN IN NEED HAVE ACCESS TO THE MEDICAL CARE THEY DESERVE. THE PROGRAM IS DESIGNED TO ASSIST CHILDREN SUFFERING FROM SERIOUS OR CHRONIC DISEASES WHOSE FAMILIES, DUE TO ECONOMIC DIFFICULTIES, ARE UNABLE TO COVER THE COSTS OF HEALTH TREATMENTS. THIS CAN INCLUDE EVERYTHING FROM DIAGNOSTIC PROCEDURES AND LABORATORY TESTS, TO SURGERIES, MEDICATIONS AND POST-OPERATIVE CARE. WE WORK CLOSELY WITH FONDACIONI FIRDEUS, MEDICAL PROFESSIONALS, AND HEALTHCARE PROVIDERS TO IDENTIFY AND ASSESS THE NEEDS OF PATIENTS WHO ARE IN NEED OF FINANCIAL ASSISTANCE. ONCE A PATIENT HAS BEEN IDENTIFIED AND THEIR CASE HAS BEEN EVALUATED, WE PROVIDE FINANCIAL AID TO COVER THE COSTS OF THEIR TREATMENT. IN SOME CASES, PATIENTS MAY REQUIRE SPECIALIZED CARE THAT IS NOT AVAILABLE IN THEIR HOME COUNTRY. IN SUCH INSTANCES, WE WORK TO ARRANGE FOR PATIENTS TO RECEIVE TREATMENT AT HOSPITALS IN EUROPE. THIS MAY INVOLVE COORDINATING TRAVEL AND ACCOMODATION FOR PATIENTS AND THEIR FAMILIES, AS WELL AS ARRANGING FOR MEDICAL CONSULTATIONS AND TREATMENTS. OVERALL, THE GOAL OF OUR BRAVE LITTLE WARRIORS PROGRAM IS TO ENSURE THAT CHILDREN HAVE ACCESS TO THE MEDICAL CARE THEY NEED, REGARDLESS OF THEIR FINANCIAL SITUATION, AND TO PROVIDE THEM WITH THE BEST POSSIBLE CHANCE FOR RECOVERY AND A BETTER QUALITY OF LIFE.

    Expenses $1,900,000 · Grants $1,900,000

  • RECONSTRUCTION PROJECT AFTER THE NOVEMBER 2019 EARTHQUAKE IN ALBANIA - IN 2020, THE BOARD APPROVED A GRANT FOR FONDACIONI FIRDEUS IN ALBANIA IN THE AMOUNT OF $3,851,000, TO "BUILD NEW HOUSING UNITS FOR LOW AND MODERATE INCOME FAMILIES WHOSE HOMES WERE DESTROYED BY THE EARTHQUAKE OF NOVEMBER 26, 2019 IN ALBANIA. THE PROJECT WILL BE IMPLEMENTED AND CARRIED OUT IN COOPERATION WITH THE ALBANIAN GOVERNMENT." IN DECEMBER 2020, WE SENT THE FIRST GRANT PAYMENT IN THE AMOUNT OF $1,451,000. IN MARCH 2021, WE SENT THE SECOND INSTALLMENT IN THE AMOUNT OF $1,302,000 AND IN OCTOBER 2021, WE SENT THE THIRD INSTALLMENT IN THE AMOUNT OF $907,450. THE NEW HOUSING UNITS WERE FINISHED IN SUMMER 2022 AND DELIVERED WITHIN THE SAME PERIOD TO FAMILIES WHOSE HOMES WERE DESTROYED BY THE EARTHQUAKE OF 2019. THE LAST INSTALLMENT OF $192,568 WAS WIRED IN 2022 UPON RECEIPT OF THE FINAL GRANT REPORT BY FONDACIONI FIRDEUS.

    Expenses $192,568 · Grants $192,568

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Arjan Peza

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10
  • Shpetim Useini

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10
  • Genti Basha

    VICE PRESIDENT & TREASURER

    Total calculated
    $0
    Hours/week
    20

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
11 May 2023
IRS schema version
2022v5.0
Source object
202311319349304166

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