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Nonprofiteer
← FRIARS CLUB INC

Form 990 for tax year 2022

Filed by FRIARS CLUB INC.

Totals

Total revenue
$607,913
Total expenses
$873,370
Contributions and grants received
$430,653
Grants paid
$0
Program service revenue
$149,067
Investment income
$1,038
Other revenue
$27,155
Total assets, end of year
$1,783,917
Total liabilities, end of year
$41,045
Net assets or fund balances, end of year
$1,742,872
Program services expenses (Part IX)
$656,396
Management and general expenses
$125,060
Fundraising expenses
$91,914
Program service expenses (Part III)
$656,396

Program services were 75.2% 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.

  • 1c · Fundraising events

    $132,206

  • 1f · All other contributions, gifts and grants

    $298,447

  • 1g · Noncash contributions included above

    $29,550

  • 2a · Program service revenue: Youth sports and team

    total $138,617 · related or exempt $138,617

  • 2b · Program service revenue: Mission related rental

    total $10,450 · related or exempt $10,450

  • 3 · Investment income

    total $44 · excluded $44

  • 7a · Gross sales of assets other than inventory

    securities $994

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

    securities $0

  • 7c · Gain or loss

    securities $994

  • 7d · Net gain or loss

    total $994 · excluded $994

  • 8a · Fundraising events: gross income

    $39,409

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

    $132,206

  • 8b · Fundraising events: direct expenses

    $30,310

  • 8c · Net income from fundraising events

    total $9,099 · excluded $9,099

  • 10a · Gross sales of inventory

    $47,481

  • 10b · Cost of goods sold

    $31,542

  • 10c · Net income from sales of inventory

    total $15,939 · excluded $15,939

  • 11a · Other revenue: Miscellaneous

    total $2,117 · excluded $2,117

  • 11e · Other revenue, total

    $2,117

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $114,278 · program services $70,425 · management and general $23,950 · fundraising $19,903

  • 7 · Other salaries and wages

    total $191,633 · program services $131,020 · management and general $23,585 · fundraising $37,028

  • 9 · Other employee benefits

    total $15,920 · program services $867 · management and general $14,808 · fundraising $245

  • 10 · Payroll taxes

    total $24,213 · program services $16,555 · management and general $2,980 · fundraising $4,678

  • 11c · Fees: accounting

    total $31,671 · management and general $31,671

  • 11g · Fees: other

    total $9,798 · program services $6,357 · management and general $1,644 · fundraising $1,797

  • 12 · Advertising and promotion

    total $8,554 · management and general $6,549 · fundraising $2,005

  • 13 · Office expenses

    total $22,232 · program services $13,832 · management and general $2,690 · fundraising $5,710

  • 14 · Information technology

    total $375 · management and general $375

  • 16 · Occupancy

    total $266,679 · program services $250,178 · management and general $8,772 · fundraising $7,729

  • 23 · Insurance

    total $11,493 · program services $7,857 · management and general $1,415 · fundraising $2,221

  • 24a · Other expenses: Youth Sports Direct Exp

    total $88,001 · program services $88,001

  • 24b · Other expenses: CISE Direct Expenses

    total $67,980 · program services $67,980

  • 24c · Other expenses: Licenses and fees

    total $10,665 · program services $1,416 · management and general $1,379 · fundraising $7,870

  • 24d · Other expenses: Training

    total $9,357 · program services $1,387 · management and general $5,242 · fundraising $2,728

  • 24e · All other expenses

    total $521 · program services $521

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $410,457 · end of year $239,869

  • 3 · Pledges and grants receivable

    beginning of year $1,000 · end of year $4,058

  • 4 · Accounts receivable

    beginning of year $1,521 · end of year $2,230

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

    $2,889,334

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

    $1,352,574

  • 10c · Land, buildings and equipment, net

    beginning of year $1,681,742 · end of year $1,536,760

  • 15 · Other assets

    beginning of year $1,000 · end of year $1,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $87,391 · end of year $41,045

  • 27 · Net assets without donor restrictions

    beginning of year $314,793 · end of year $172,713

  • 28 · Net assets with donor restrictions

    beginning of year $1,693,536 · end of year $1,570,159

Mission and programs · 2022

Mission

The Friars Club, a Catholic, Franciscan Ministry, develops valuable life skills in our youth through sports, education and leadership programming to enrich their lives and build our community.

  • The objective of the Friars Club is to be a place where children of diverse social, cultural and economic backgrounds can play, work and grow together through academic and sports programs. Friars Club offers an opportunity to help at-risk boys and girls establish a set of values; respect, responsibility, leadership and good sportsmanship; skills all gained through sports and education. Friars Club instruction and guidance builds healthy bodies, minds and spirits by bolstering self-esteem and self-discipline, while, at the same time, reinforcing positive behavior and addressing educational needs through its many programs. Friars Club currently serve over 1000 children annually.

    Expenses $656,396 · Revenue $149,067

As filed on the 2022 return.

Listed in Part VII

  • Eric Mueller

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Charles Fredrick

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Leavy

    Board Member - Exit 01/23

    Total calculated
    $0
    Hours/week
    0.5

  • Patrick Veith

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Nicole Dowdell

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Kevin Coker

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Sharon Merrill

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Br Michael Carron

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Fr Bill Faris OFM

    Board Member - Exit 01/23

    Total calculated
    $0
    Hours/week
    0.5

  • Fr Dan Kroger

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

  • John O'Connor

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Fr Kenan Freson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mike Besl

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • Maureen Sweeney

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Brian Fitzgerald

    Member - Start - 10/2022

    Total calculated
    $0
    Hours/week
    0.5

  • Tom Finn

    Member - Start - 10/2022

    Total calculated
    $0
    Hours/week
    0.5

  • Jeffrey Hock

    Member - Start - 10/2022

    Total calculated
    $0
    Hours/week
    0.5

  • Annie Timmons

    Executive Director

    Total calculated
    $114,278
    From this org
    $99,810
    From related orgs
    $0
    Other
    $14,468
    Hours/week
    50

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.

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
2022
Filed
29 March 2024
IRS schema version
2022v5.0
Source object
202400939349300515

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