Form 990 for tax year 2024
Filed by FRIENDS OF FORMAN CHRISTIAN COLLEGE INC.
Totals
- Total revenue
- $3,078,598
- Total expenses
- $2,716,748
- Contributions and grants received
- $2,985,564
- Grants paid
- $1,711,161
- Program service revenue
- $0
- Investment income
- $93,034
- Other revenue
- $0
- Total assets, end of year
- $5,606,622
- Total liabilities, end of year
- $2,240,204
- Net assets or fund balances, end of year
- $3,366,418
- Program services expenses (Part IX)
- $2,059,875
- Management and general expenses
- $268,488
- Fundraising expenses
- $388,385
- Program service expenses (Part III)
- $2,059,875
Program services were 75.8% 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
$2,985,564
-
3 · Investment income
total $94,789 · excluded $94,789
-
7a · Gross sales of assets other than inventory
securities $29,591
-
7b · Less cost or other basis and sales expenses
securities $31,346
-
7c · Gain or loss
securities -$1,755
-
7d · Net gain or loss
total -$1,755 · excluded -$1,755
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $1,711,161 · program services $1,711,161
-
5 · Compensation of officers, directors and key employees
total $568,245 · program services $306,445 · management and general $116,140 · fundraising $145,660
-
7 · Other salaries and wages
total $126,132 · program services $16,832 · management and general $60,744 · fundraising $48,556
-
8 · Pension plan contributions
total $9,096 · program services $1,226 · management and general $4,228 · fundraising $3,642
-
9 · Other employee benefits
total $14,932 · program services $1,838 · management and general $8,260 · fundraising $4,834
-
10 · Payroll taxes
total $14,573 · program services $1,719 · management and general $7,905 · fundraising $4,949
-
11b · Fees: legal
total $1,030 · management and general $1,030
-
11c · Fees: accounting
total $16,330 · management and general $16,330
-
11g · Fees: other
total $52,090 · fundraising $52,090
-
12 · Advertising and promotion
total $86,186 · fundraising $86,186
-
13 · Office expenses
total $53,156 · program services $305 · management and general $24,313 · fundraising $28,538
-
16 · Occupancy
total $19,104 · management and general $19,104
-
17 · Travel
total $38,546 · program services $19,738 · management and general $6,269 · fundraising $12,539
-
23 · Insurance
total $6,167 · program services $611 · management and general $4,165 · fundraising $1,391
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $46,225 · end of year $125,221
-
2 · Savings and temporary cash investments
beginning of year $4,272,565 · end of year $3,474,242
-
3 · Pledges and grants receivable
beginning of year $160,000 · end of year $391,279
-
4 · Accounts receivable
end of year $14,429
-
9 · Prepaid expenses and deferred charges
beginning of year $5,995 · end of year $3,995
-
11 · Investments: publicly traded securities
beginning of year $1,337,197 · end of year $1,574,934
-
15 · Other assets
beginning of year $0 · end of year $22,522
-
17 · Accounts payable and accrued expenses
beginning of year $30,821 · end of year $11,998
-
18 · Grants payable
beginning of year $527,848 · end of year $398,316
-
21 · Escrow or custodial account liability
beginning of year $2,392,370 · end of year $1,807,368
-
25 · Other liabilities
beginning of year $0 · end of year $22,522
-
27 · Net assets without donor restrictions
beginning of year $1,373,746 · end of year $1,399,865
-
28 · Net assets with donor restrictions
beginning of year $1,497,197 · end of year $1,966,553
Mission and programs · 2024
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) exists solely to support the mission and programs of Forman Christian College (A Chartered University) in Lahore, Pakistan. Thanks to the generosity of donors, FFCC provided funding in 2024-25 for scholarships, endowment funds, and Christian life initiatives on campus including funding to launch the new Center for Biblical Training and Research. These grants made it possible for Forman to award 32% more in scholarship awards than the previous year while continuing to deliver a high-quality education to its 9,324 students. For a full account of this impact, please see FFCC's 2024-25 Annual Report at: www.friendsofforman.org/our-impact.
Expenses $2,059,875 · Grants $1,711,161 · Revenue $2,985,564
As filed on the 2024 return.
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
-
Robert Bullock
Director
- Total calculated
- $0
- Hours/week
- 2
-
Dr Jonathan Addleton
Director, Rector
- Total calculated
- $234,467
- From this org
- $209,190
- From related orgs
- $0
- Other
- $25,277
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $209,190
- Bonus
- $0
- Other
- $0
- Deferred
- $15,689
- Nontaxable benefits
- $9,588
- Filer's total
- $234,467
-
Steve Shabet
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 Dr Roger A Dermody Jr
Executive Director
- Total calculated
- $257,642
- From this org
- $125,075
- From related orgs
- $0
- Other
- $132,567
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $125,075
- Bonus
- $0
- Other
- $0
- Deferred
- $16,544
- Nontaxable benefits
- $116,023
- Filer's total
- $257,642
-
Sandra O'Meara
CFO and Board Secretary
- Total calculated
- $50,433
- From this org
- $46,914
- From related orgs
- $0
- Other
- $3,519
- 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
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation survey or study
- 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
- 2024
- Filed
- 28 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543149349304629
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