Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $773,401

• 3 · Investment income

  total $281,743 · excluded $281,743

• 7a · Gross sales of assets other than inventory

  securities $2,429,964

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

  securities $2,161,978

• 7c · Gain or loss

  securities $267,986

• 7d · Net gain or loss

  total $267,986 · excluded $267,986

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $248,536 · program services $248,536

• 5 · Compensation of officers, directors and key employees

  total $109,717 · management and general $109,717

• 10 · Payroll taxes

  total $6,771 · program services $5,401 · management and general $403 · fundraising $967

• 11b · Fees: legal

  total $5,200 · management and general $5,200

• 11c · Fees: accounting

  total $3,308 · management and general $3,308

• 11e · Fees: professional fundraising services

  total $58,378 · fundraising $58,378

• 11f · Fees: investment management

  total $34,619 · management and general $34,619

• 11g · Fees: other

  total $37,979 · management and general $37,979

• 24a · Other expenses: SHARED ALLOCATION EXPEN

  total $36,435 · management and general $36,435

• 24b · Other expenses: LICENSE EXPENSE

  total $359 · management and general $359

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $207,210 · end of year $111,958

• 3 · Pledges and grants receivable

  beginning of year $112,970 · end of year $272,112

• 11 · Investments: publicly traded securities

  beginning of year $9,390,733 · end of year $10,679,376

• 15 · Other assets

  beginning of year $118,091 · end of year $118,091

• 17 · Accounts payable and accrued expenses

  beginning of year $258,576 · end of year $133,279

• 27 · Net assets without donor restrictions

  beginning of year $7,809,911 · end of year $9,228,599

• 28 · Net assets with donor restrictions

  beginning of year $1,760,517 · end of year $1,819,659

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION OF THE ORGANIZATION'S OFFICERS IS ESTABLISHED AND DOCUMENTED BY THE BOARD OF DIRECTORS OF SENIOR FRIENDSHIP CENTERS, INC., RELATED ORGANIZATION. APPROPRIATE SALARIES FOR OFFICERS AND KEY EMPLOYEES ARE DETERMINED BY REVIEWING A COMPENSATION AND BENEFITS REPORT PREPARED BY THE FLORIDA NON-PROFIT ALLIANCE. IN THIS REPORT, REGIONAL POSITIONS AND SALARIES ARE COMPARED BASED ON OPERATIONAL SIZE AND ANNUAL BUDGET TO ASSIST AREA NONPROFITS. WE ALSO LOOK OUTSIDE OF NON PROFITS AS THE MARKET BECOMES MORE COMPETITIVE. ULTIMATELY, THE CEO'S SALARY IS APPROVED BY THE GOVERNING BOARD.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• PERPETUAL TRUST (1)

  T · TRUST · FL · controlled entity

  Directly controlled by SENIOR FRIENDSHIP CENTERS FDN

• CHARITABLE REMAINDER TRUST (1)

  T · TRUST · FL · controlled entity

  Directly controlled by SENIOR FRIENDSHIP CENTERS FDN