Friendship Senior Options Foundation Nfp
- Assets
- $592.2k
- Revenue
- $156.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Schaumburg, IL
- Founding
- 01/2007
- Data as of
- 03/2023
- EIN
- 20-1630044
Organization Overview
Friendship Senior Options Foundation Nfp is located in Schaumburg, IL. The organization was established in 2007. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Senior Options Foundation Nfp 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 03/2023, Friendship Senior Options Foundation Nfp generated $156.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $53.7k during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL SUPPORT FOR FRIENDSHIP SENIOR OPTIONS, NFP AND ITS AFFILIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT FRIENDSHIP VILLAGE OF SCHAUMBURG AND FRIENDSHIP SENIOR OPTIONS, NFP IN THEIR CARING MISSION TO PROVIDE FOR THE NEEDS OF OLDER ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Shoemake Secretary & Chair | OfficerTrustee | 0.2 | $0 |
Brad Barrie Chair & Director | OfficerTrustee | 0.2 | $0 |
Geoff Roehll Director | OfficerTrustee | 0.2 | $0 |
Bill Browne Secretary | OfficerTrustee | 0.2 | $0 |
Michael Flynn CEO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $140,867 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,867 |
| Total Program Service Revenue | $0 |
| Investment income | $15,646 |
| 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 | $156,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,804 |
| 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 | $19,424 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,251 |
| Payroll taxes | $2,203 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,271 |
| Advertising and promotion | $0 |
| Office expenses | $6,657 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $118 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $53,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $463,656 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $117,399 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,151 |
| Total assets | $592,206 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $513,390 |
| Net assets with donor restrictions | $78,816 |
| 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 | $592,206 |
Grants Awarded
Over the last fiscal year, Friendship Senior Options Foundation Nfp has awarded $275,014 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
EVANGELICAL RETIREMENT HOMES OF GREATER CHICAGO PURPOSE: ASSOCIATE EDUCATION EXPENSES, BENEVOLENCE | $201,682 |
FRIENDSHIP VILLAGE OF MILL CREEK PURPOSE: ASSOCIATE EDUCATION EXPENSES, BENEVOLENCE | $12,003 |
FRIENDSHIP SENIOR OPTIONS NFP PURPOSE: ASSOCIATE EDUCATION EXPENSES, BENEVOLENCE | $61,329 |