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← FRIEND SHIPS

Form 990 for tax year 2023

Filed by FRIEND SHIPS.

Totals

Total revenue
$1,162,719
Total expenses
$414,610
Contributions and grants received
$912,719
Grants paid
$194,834
Program service revenue
$0
Investment income
$0
Other revenue
$250,000
Total assets, end of year
$3,310,771
Total liabilities, end of year
$165,000
Net assets or fund balances, end of year
$3,145,771
Program services expenses (Part IX)
$400,522
Management and general expenses
$14,088
Fundraising expenses
$0
Program service expenses (Part III)
$400,522

Program services were 96.6% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $912,719

  • 1g · Noncash contributions included above

    $873,270

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

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

    $0

  • 11d · All other revenue

    total $250,000 · related or exempt $250,000 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $250,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $128,874 · program services $128,874

  • 2 · Grants to domestic individuals

    total $60,900 · program services $60,900

  • 3 · Grants to foreign organizations and individuals

    total $5,060 · program services $5,060

  • 11g · Fees: other

    total $5,175 · program services $5,175

  • 13 · Office expenses

    total $6,932 · program services $6,135 · management and general $797

  • 16 · Occupancy

    total $66,000 · program services $66,000

  • 17 · Travel

    total $1,341 · program services $1,341

  • 22 · Depreciation, depletion and amortization

    total $59,802 · program services $59,802

  • 23 · Insurance

    total $5,323 · program services $5,323

  • 24a · Other expenses: Repairs

    total $7,350 · program services $7,350 · management and general $0

  • 24b · Other expenses: Supplies

    total $67,853 · program services $54,562 · management and general $13,291

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,693 · end of year $133,410

  • 2 · Savings and temporary cash investments

    beginning of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0

  • 4 · Accounts receivable

    beginning of year $20

  • 5 · Loans and receivables from officers and key people

    beginning of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $513,924 · end of year $1,278,538

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0

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

    $1,958,625

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

    $59,802

  • 10c · Land, buildings and equipment, net

    beginning of year $2,041,025 · end of year $1,898,823

  • 11 · Investments: publicly traded securities

    beginning of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0

  • 15 · Other assets

    beginning of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $165,000 · end of year $165,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,397,662 · end of year $3,145,771

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

Friend Ships provides humanitarian aid, medical services and disaster relief to victims of natural disaster, war and poverty.

  • International: Humanitarian aid to victims of war and the impoverished in the Middle East (Israel)

    Expenses $48,293 · Grants $5,060

  • Domestic: Food assistance and disaster relief.

    Expenses $352,229 · Grants $189,774

As filed on the 2023 return.

Listed in Part VII

  • Donald H Tipton

    Executive Director, President

    Total calculated
    $0
    Hours/week
    25

  • Sandra Tipton

    Director, Secretary

    Total calculated
    $0
    Hours/week
    25

  • Teresa Shields

    Director, Treasurer

    Total calculated
    $0
    Hours/week
    25

  • Raymond George

    Director

    Total calculated
    $0
    Hours/week
    5

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

Provenance

Return type
form_990
Tax year
2023
Filed
8 August 2024
IRS schema version
2023v5.0
Source object
202402359349300615

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