Friends For Tomorrow Inc
- Assets
- $56.7k
- Revenue
- $189.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Lincoln, MA
- Founding
- 04/1995
- Data as of
- 03/2019
- EIN
- 04-3256412
Organization Overview
Friends For Tomorrow Inc is located in Lincoln, MA. The organization was established in 1995. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 03/2019, Friends For Tomorrow Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends For Tomorrow 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 03/2019, Friends For Tomorrow Inc generated $189.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $202.9k during the year ending 03/2019. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 3 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
EQUINE PROGRAM FOR CHILDREN WITH LIFE CHALLANGES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HORSEBACK RIDING PROGRAM PROVIDES CHILDREN WITH INCREASED SELF ESTEEM AND SELF CONFIDENCE, STRENGTHENING AND MUSCLE DEVELOPMENT, INCREASED MOTIVATION, A WIDE RANGE OF SENSORY EXPERIENCES, AND ENHANCES BODY IMAGE AWARENESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Freed Director | Trustee | 1 | $0 |
Roberta Berry Director | Trustee | 1 | $0 |
Fritz Ferbert Director | Trustee | 1 | $0 |
Rachel Bogardus Drew Director | Trustee | 1 | $0 |
Christoper Lippert Director | Trustee | 1 | $0 |
Nicholas Chigas Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $49,270 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,169 |
| Noncash contributions included in lines 1a–1f | $8,150 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,439 |
| Total Program Service Revenue | $80,105 |
| Investment income | $898 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,191 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $189,251 |
| 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 | $100,704 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,769 |
| Payroll taxes | $9,363 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,885 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,406 |
| Advertising and promotion | $1,061 |
| Office expenses | $6,191 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,000 |
| Travel | $0 |
| 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 | $2,158 |
| Insurance | $8,905 |
| All other expenses | $9,615 |
| Total functional expenses | $202,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,040 |
| Savings and temporary cash investments | $19,467 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,350 |
| 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 | $2,030 |
| Net Land, buildings, and equipment | $2,817 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $56,704 |
| Accounts payable and accrued expenses | $1,156 |
| Grants payable | $0 |
| Deferred revenue | $2,622 |
| 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 | $3,778 |
| Unrestricted restricted net Assets | $52,926 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $52,926 |