Friendshipworks Inc
- Assets
- $1.0m
- Revenue
- $995.7k
- Investments
- $328.7k
- Employees
- 24
- Location
- Boston, MA
- Founding
- 07/1992
- Data as of
- 06/2022
- EIN
- 04-3140541
Organization Overview
Friendshipworks Inc is located in Boston, MA. The organization was established in 1992. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 06/2022, Friendshipworks Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendshipworks Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Friendshipworks Inc generated $995.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF FRIENDSHIPWORKS, INC. IS TO REDUCE SOCIAL ISOLATION, ENHANCE THE QUALITY OF LIFE, AND PRESERVE THE DIGNITY OF OLDER ADULTS IN THE GREATER BOSTON AREA. WE DO THIS THROUGH THE DEDICATED EFFORTS OF A NETWORK OF TRAINED VOLUNTEERS OF ALL FAITHS WHO PROVIDE FRIENDSHIP, ADVOCACY, EDUCATION, ASSISTANCE AND EMOTIONAL SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDSHIPWORKS SIGNATURE FRIENDLY VISITING PROGRAM MAKES INFORMAL, LONG-LASTING FRIENDSHIP MATCHES BETWEEN ISOLATED ELDERS AND COMMUNITY VOLUNTEERS, REWARDING TO BOTH. MATCHES SHARE EXPERIENCES AND FAVORITE ACTIVITIES, AND RECOGNIZE ONE ANOTHER'S INDIVIDUALITY AND PASSIONS. MANY CALL ON FRIENDSHIPWORKS BECAUSE THEY ARE WITHOUT FAMILY AND FRIENDS. WITH AGE, A LACK OF FRIENDSHIP CAN BECOME AN OBSTACLE TO INDEPENDENCE. FRIENDSHIPWORKS VOLUNTEERS ALSO DESIRE TO GIVE BACK THROUGH CONNECTION. THROUGH INFORMAL FRIENDSHIP MATCHES, FRIENDSHIPWORKS IS BREATHING LIFE INTO A LOST TRADITION OF NEIGHBORS HELPING NEIGHBORS. DUE TO THE SOCIAL DISTANCING GUIDELINES ASSOCIATED WITH COVID-19 ALL IN-PERSON FRIENDLY VISITING TEMPORARILY STOPPED AND WAS MOVED TO TELEPHONE OR VIRTUAL VISITS. FRIENDLY VISITING AS WELL AS ALL OF OUR PROGRAMS HAVE RETURNED TO NORMAL OPERATING PROCEDURES AND ARE BEING MONITORED FOR NECESSARY ADJUSTMENTS AS CONDITIONS CHANGE.
FRIENDSHIPWORKS' MEDICAL ESCORT PROGRAM PROVIDES VOLUNTEERS WHO ESCORT ELDERS TO AND FROM MEDICAL APPOINTMENTS. VOLUNTEERS PROVIDE EMOTIONAL SUPPORT AND PHYSICAL ASSISTANCE TO THOSE WHOSE AGE, HEALTH, OR DISABILITY WOULD PREVENT THEM FROM GOING TO AN APPOINTMENT.
MUSICWORKS IS A PROGRAM THAT REDUCES ISOLATION AMONG FRAIL AND/OR ISOLATED ELDERS THROUGH THE SHARED EXPERIENCE OF MUSIC. PARTICIPANTS INTERACT WITH THE MUSIC, SINGING, PLAYING INSTRUMENTS, DANCING, AND OF COURSE, LISTENING. MUSICWORKS BRINGS JOY AND CONNECTIVITY INTO THE LIVES OF OLDER ADULTS. MUSICWORKS HAS BEEN A FIRST STEP TOWARDS BRINGING THE ARTS INTO ALL OUR PROGRAMS AND AT IN FY 2022 WAS OFFERED IN TWICE MONTHLY IN TWELVE SPANISH AND ENGLISH-SPEAKING SITES IN BOSTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Seckel-Cerrotti Executive Director | 40 | $109,798 | |
Kyle Robidoux President | OfficerTrustee | 1 | $0 |
Susan Foster Secretary | OfficerTrustee | 1 | $0 |
Nancy Antin Treasurer | OfficerTrustee | 1 | $0 |
Connie Packard Director - Emeritus | Trustee | 1 | $0 |
Carol Pritchett Kemp Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $45,719 |
| Related organizations | $0 |
| Government grants | $92,778 |
| All other contributions, gifts, grants, and similar amounts not included above | $853,792 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $992,289 |
| Total Program Service Revenue | $0 |
| Investment income | $3,449 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $995,738 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $823,278 |
| Pension plan accruals and contributions | $1,172 |
| Other employee benefits | $71,427 |
| Payroll taxes | $76,678 |
| Fees for services: Management | $59,004 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,143 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,294 |
| Advertising and promotion | $0 |
| Office expenses | $2,502 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65,550 |
| Travel | $981 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,153 |
| Insurance | $8,756 |
| All other expenses | $20,424 |
| Total functional expenses | $1,291,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $636,518 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,307 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,119 |
| Net Land, buildings, and equipment | $7,615 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $328,672 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,004,231 |
| Accounts payable and accrued expenses | $59,246 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $59,246 |
| Net assets without donor restrictions | $898,000 |
| Net assets with donor restrictions | $46,985 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,004,231 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friendshipworks Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Charles F Bacon Trust Uw 1-20707-02 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $15,000 |
Edward Austin Trust Uw 1 20011 03 Bank Of New England Na Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $10,000 |
Endowment Analysis
| Beg. Balance | $8,643 |
| Net Contributions | $160,854 |
| Other Expense | $122,512 |
| Ending Balance | $46,985 |
Peer Organizations
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|---|---|---|
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Redeemer City To City New York, NY | $39,118,134 | $27,107,452 |
Catholic Cemeteries Of The Roman Westbury, NY | $88,272,871 | $14,740,911 |
Liberation Programs Inc Norwalk, CT | $5,758,645 | $12,035,919 |
Public Relations Society Of America Inc New York, NY | $7,935,177 | $9,278,462 |
Tompkins Cortland Community College Foundation Dryden, NY | $60,556,305 | $8,680,534 |
Heritage Aflame Inc Bolivar, NY | $1,304,768 | $4,768,942 |
Global Outreach Mission Inc Getzville, NY | $2,858,077 | $4,945,312 |
New York City Rescue Mission New York, NY | $27,007,670 | $4,413,952 |
Mosdos Beth Yosef Zvi Brooklyn, NY | $598,671 | $4,009,273 |
Blanton-Peale Institute New York, NY | $3,601,512 | $5,239,818 |
Casita Maria Inc Bronx, NY | $13,047,190 | $2,771,445 |