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Nonprofiteer
← FRIENDS OF FORMAN CHRISTIAN COLLEGE INC

Form 990 for tax year 2022

Filed by FRIENDS OF FORMAN CHRISTIAN COLLEGE INC.

Totals

Total revenue
$1,943,216
Total expenses
$2,751,297
Contributions and grants received
$1,880,081
Grants paid
$1,835,265
Program service revenue
$0
Investment income
$63,135
Other revenue
$0
Total assets, end of year
$4,578,920
Total liabilities, end of year
$1,580,644
Net assets or fund balances, end of year
$2,998,276
Program services expenses (Part IX)
$2,165,565
Management and general expenses
$256,520
Fundraising expenses
$329,212
Program service expenses (Part III)
$2,165,565

Program services were 78.7% 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.

  • 1f · All other contributions, gifts and grants

    $1,880,081

  • 3 · Investment income

    total $67,438 · excluded $67,438

  • 7a · Gross sales of assets other than inventory

    securities $28,622

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

    securities $32,925

  • 7c · Gain or loss

    securities -$4,303

  • 7d · Net gain or loss

    total -$4,303 · excluded -$4,303

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $1,835,265 · program services $1,835,265

  • 5 · Compensation of officers, directors and key employees

    total $552,469 · program services $290,178 · management and general $110,078 · fundraising $152,213

  • 7 · Other salaries and wages

    total $136,858 · program services $18,438 · management and general $51,887 · fundraising $66,533

  • 8 · Pension plan contributions

    total $10,265 · program services $314 · management and general $4,248 · fundraising $5,703

  • 9 · Other employee benefits

    total $14,595 · program services $704 · management and general $7,844 · fundraising $6,047

  • 10 · Payroll taxes

    total $18,114 · program services $1,759 · management and general $7,742 · fundraising $8,613

  • 11c · Fees: accounting

    total $11,500 · management and general $11,500

  • 11g · Fees: other

    total $5,334 · management and general $2,667 · fundraising $2,667

  • 12 · Advertising and promotion

    total $46,108 · management and general $8,741 · fundraising $37,367

  • 13 · Office expenses

    total $54,039 · program services $244 · management and general $26,443 · fundraising $27,352

  • 16 · Occupancy

    total $11,758 · management and general $11,758

  • 17 · Travel

    total $50,587 · program services $18,208 · management and general $10,793 · fundraising $21,586

  • 22 · Depreciation, depletion and amortization

    total $155 · management and general $155

  • 23 · Insurance

    total $4,250 · program services $455 · management and general $2,664 · fundraising $1,131

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $80,533 · end of year $39,495

  • 2 · Savings and temporary cash investments

    beginning of year $3,507,800 · end of year $3,293,541

  • 3 · Pledges and grants receivable

    beginning of year $197,815 · end of year $208,500

  • 9 · Prepaid expenses and deferred charges

    end of year $2,995

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,306 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $889,678 · end of year $1,034,389

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,569 · end of year $13,729

  • 18 · Grants payable

    beginning of year $172,746 · end of year $77,695

  • 21 · Escrow or custodial account liability

    beginning of year $769,918 · end of year $1,489,220

  • 27 · Net assets without donor restrictions

    beginning of year $1,566,208 · end of year $1,322,546

  • 28 · Net assets with donor restrictions

    beginning of year $2,159,691 · end of year $1,675,730

Mission and programs · 2022

Mission

Friends of Forman Christian College is dedicated to supporting the high-quality educational mission of Forman Christian College to develop informed, ethical and responsible citizens of Pakistan who exemplify the FCCU motto, "By love serve one another."

  • Friends of Forman Christian College (FFCC) raises funds solely to support the mission and program service of Forman Christian College in Lahore, Pakistan (Forman). Through gifts and grants of generous donors, FFCC funded scholarships, Christian programming on campus, and capital projects at Forman. These grants helped Forman fund a 40% increase in scholarships from the previous year while continuing to provide quality education to all 8,664 students enrolled at Forman. During the last year of the Free to Flourish campaign, another $1,150,000 of funds were granted to Forman for the nearly completed construction of a Campus Center, bringing the total raised for this project to more than $10.2 million. For a full report of accomplishments, please see FFCC's 2022-23 Annual Report online at www.friendsofforman.org/Publications/AnnualReports.

    Expenses $2,165,565 · Grants $1,835,265 · Revenue $1,880,081

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

Listed in Part VII

  • Rev Dr David Renwick

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Rev Dr Heather Wright

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Dr James Appleton

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dr Ingrid Mason Mail

    Director

    Total calculated
    $0
    Hours/week
    2

  • Steve Shabet

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dr Jonathan Addleton

    Director, Rector

    Total calculated
    $210,664
    From this org
    $179,350
    From related orgs
    $0
    Other
    $31,314
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,350
    Bonus
    $0
    Other
    $0
    Deferred
    $13,451
    Nontaxable benefits
    $17,863
    Filer's total
    $210,664

  • John Gill

    Director

    Total calculated
    $0
    Hours/week
    2

  • Denise Moore

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dr Michael Murphy

    Director

    Total calculated
    $0
    Hours/week
    2

  • Rev Dr Thomas Taylor

    Director

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Terry Dunning

    Director

    Total calculated
    $0
    Hours/week
    2

  • Rev Dr Jay Madden

    Director

    Total calculated
    $0
    Hours/week
    2

  • Robert Tebbe

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dr Janel Curry

    Director

    Total calculated
    $0
    Hours/week
    2

  • Rev Dr David Watermulder

    Director

    Total calculated
    $0
    Hours/week
    2

  • Rev Samuel A Schreiner III

    Executive Director (until 7/2022)

    Total calculated
    $189,074
    From this org
    $144,387
    From related orgs
    $0
    Other
    $44,687
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,387
    Bonus
    $0
    Other
    $0
    Deferred
    $23,403
    Nontaxable benefits
    $21,284
    Filer's total
    $189,074

  • Rev Dr Roger A Dermody Jr

    Executive Director (as of 8/2022)

    Total calculated
    $89,774
    From this org
    $45,862
    From related orgs
    $0
    Other
    $43,912
    Hours/week
    40

  • Sandra O'Meara

    CFO and Board Secretary/Treasurer

    Total calculated
    $39,659
    From this org
    $36,892
    From related orgs
    $0
    Other
    $2,767
    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. 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

  • 3 · Approval by the board or compensation committee

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.

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202303199349320815

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