Form 990 for tax year 2022
Filed by FRIENDSHIP EDUCATIONAL FOUNDATION.
Totals
- Total revenue
- $11,263,990
- Total expenses
- $379,512
- Contributions and grants received
- $10,705,629
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $558,361
- Other revenue
- $0
- Total assets, end of year
- $47,799,981
- Total liabilities, end of year
- $210,495
- Net assets or fund balances, end of year
- $47,589,486
- Program services expenses (Part IX)
- $373,724
- Management and general expenses
- $3,307
- Fundraising expenses
- $2,481
- Program service expenses (Part III)
- $373,724
Program services were 98.5% 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
$10,705,629
-
1g · Noncash contributions included above
$35,938
-
3 · Investment income
total $495,517 · excluded $495,517
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $21,154,490
-
7b · Less cost or other basis and sales expenses
securities $21,091,646
-
7c · Gain or loss
securities $62,844
-
7d · Net gain or loss
total $62,844 · related or exempt $62,844
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $725 · program services $435 · management and general $132 · fundraising $158
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $2,742 · program services $548 · management and general $1,371 · fundraising $823
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $2,773 · program services $1,664 · management and general $499 · fundraising $610
-
17 · Travel
total $1,817 · program services $1,817
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: PROGRAM SUPPLIES
total $365,214 · program services $365,214
-
24b · Other expenses: GROUNDBREAKING EXPENSES
total $4,046 · program services $4,046
-
24c · Other expenses: BANK AND CREDIT CARD FEES
total $1,305 · management and general $1,305
-
24d · Other expenses: MARKETING AND WEBSITE
total $890 · fundraising $890
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $12,850,577 · end of year $4,381,977
-
2 · Savings and temporary cash investments
beginning of year $88,666 · end of year $578,982
-
3 · Pledges and grants receivable
beginning of year $1,479,000 · end of year $12,904,242
-
4 · Accounts receivable
beginning of year $5,000 · end of year $48,437
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $3,248,168 · end of year $20,033,727
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $4,251,484 · end of year $9,852,616
-
17 · Accounts payable and accrued expenses
beginning of year $3,333,195 · end of year $210,495
-
27 · Net assets without donor restrictions
beginning of year $7,530,049 · end of year $9,456,466
-
28 · Net assets with donor restrictions
beginning of year $11,059,651 · end of year $38,133,020
Mission and programs · 2022
Mission
THE FRIENDSHIP EDUCATIONAL FOUNDATION WAS FORMED TO GUIDE THE CREATION OF THE FRIENDSHIP CAMPUS PROGRAMS AND TO OVERSEE THE CAPITAL CAMPAIGN FOR THE ARCHITECTURAL AND STATE CERTIFIED PLANNING AND PERMITTING OF THE FRIENDSHIP CAMPUS.
Activities or mission (Part I)
TO EDUCATE AND INSPIRE ALL CHILDREN AND YOUNG ADULTS TO REACH THEIR FULL POTENTIAL THROUGH
-
THE FRIENDSHIP CAMPUS IS IN DEVELOPMENT TO SERVE STUDENTS WHO ARE INTELLECTUALLY AND PHYSICALLY DIVERSE AND WILL INCLUDE VOCATIONAL PROGRAMS, A TRANSITION PROGRAM AND ACT AS THE HEADQUARTERS FOR FRIENDSHIP FOUNDATION'S 50+ PROGRAMS AND INCLUSIVE SCHOOL CLUB PROGRAMMING IN WHICH EVERYONE HAS A PLACE. THE FRIENDSHIP CAMPUS WILL INCLUDE A 64,000 SQUARE FOOT FACILITY TO DEVELOP AN ENGAGING AND INVITING ENVIRONMENT FOR THE ENTIRE COMMUNITY. IT WILL FOCUS ON SERVING THE WHOLE INDIVIDUAL WITH TALENT AND SKILL BUILDING; PERSONAL GROWTH AN DEVELOPMENT PROGRAMS; SOCIAL AND EMOTIONAL WELLNESS; HEALTHY LIFESTYLE HABITS AND PHYSICAL FITNESS; JOB TRAINING AND EXPLORATION PROGRAMS. TECHNOLOGY, FINANCIAL LITERACY, MEDIA, HOSPITALITY, CULINARY, OFFICE, EDUCATION, AND TRADES, ARE SOME OF THE INITIAL VOCATIONAL
Expenses $373,724
As filed on the 2022 return.
Listed in Part VII
-
Yossi MintzYOSSI MINTZ
President
- Total calculated
- $48,000
- From this org
- $0
- From related orgs
- $48,000
- Other
- $0
- Hours/week
- 10 + 20 related
-
Edward KaminskyEDWARD KAMINSKY
Secretary
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
John PollittJOHN POLLITT
Treasurer
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Adam CarrollADAM CARROLL
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Portia CohenPORTIA COHEN
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Yosef GorowitzYOSEF GOROWITZ
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mike KaplanMIKE KAPLAN
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Chase GreenbergCHASE GREENBERG
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
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.
-
501C3 · SUPPORT FOR CHILDREN WITH SPECIAL NEEDS · CA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 11 July 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401939349301230
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.