Faithful Friends
- Assets
- $287.1k
- Revenue
- $298.1k
- Investments
- $0.0
- Employees
- 7
- Location
- Portland, OR
- Founding
- 01/2007
- Data as of
- 08/2022
- EIN
- 20-5602907
Organization Overview
Faithful Friends is located in Portland, OR. The organization was established in 2007. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 08/2022, Faithful Friends employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faithful Friends 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 08/2022, Faithful Friends generated $298.1k 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 $365.6k during the year ending 08/2022. 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 FAITHFUL FRIENDS IS TO CULTIVATE MENTOR RELATIONSHIPS THAT INSPIRE GROWTH, RESILIENCE AND HOPE. WE PARTNER WITH THE LOCAL CHURCH TO FIND VOLUNTEER MENTORS AND WITH SCHOOLS AND COMMUNITY ORGANIZATIONS TO IDENTIFY KIDS AGES 6-9 IN NEED OF A FAITHFUL ADULT FRIEND. WE MATCH INDIVIDUALS, COUPLES OR FAMILIES TO SERVE AS MENTORS FOR AT LEAST ONE YEAR. WHILE IT IS INITIALLY ONLY A ONE-YEAR COMMITMENT, NEARLY 70% OF MATCHES CONTINUE INTO A SECOND YEAR AND OVER 50% INTO A THIRD. OUR GOAL IS EARLY INTERVENTION AND LONG-TERM RELATIONSHIP THAT SHAPES THE COURSE OF A CHILD'S LIFE. WE ARE TRANSFORMING GENERATIONS THROUGH THE POWER OF FRIENDSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERE WERE 99 CHILDREN AND 127 VOLUNTEER INDIVIDUALS AND COUPLES SERVED THIS FISCAL YEAR END. THERE WERE A TOTAL OF 24 NEW MENTOR-MENTEE MATCHES MADE. COMMUNITY PARTNERSHIPS, SCHOOLS, CHURCHES, AND OTHER COMMUNITY ORGANIZATIONS NUMBER 65 AT FISCAL YEAR END. DURING THE MENTORSHIP, FAMILIES AND MENTORS REPORTED IN THEIR MENTEES A 92% IN SOCIAL GROWTH, AN 87% IN EMOTIONAL GROWTH, AND A 77% INCREASE IN SCHOOL SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brianna Woods Executive Director | Officer | 40 | $60,865 |
Curtis Holm Program Director | Officer | 40 | $49,539 |
Charles Armsbury Program Coordinator | Officer | 40 | $40,000 |
Cia Howell Program Coordinator | Officer | 40 | $38,000 |
Elizabeth Aman Operations Manager | 40 | $23,250 | |
Lynsey Redman Development Director | Officer | 40 | $21,154 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $115,553 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $159,345 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $274,898 |
| Total Program Service Revenue | $0 |
| Investment income | $5,383 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,942 |
| Net Income from Gaming Activities | $4,850 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $298,073 |
| 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. | $267,703 |
| Compensation of current officers, directors, key employees. | $29,447 |
| Compensation to disqualified persons | $19,774 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,242 |
| Payroll taxes | $22,900 |
| 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 | $13,724 |
| Advertising and promotion | $116 |
| Office expenses | $6,974 |
| Information technology | $5,636 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,048 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,221 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,366 |
| All other expenses | $5,027 |
| Total functional expenses | $365,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,043 |
| Savings and temporary cash investments | $118,985 |
| 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 | $92,109 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $287,137 |
| Accounts payable and accrued expenses | $786 |
| 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 | $786 |
| Net assets without donor restrictions | $152,366 |
| Net assets with donor restrictions | $133,985 |
| 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 | $287,137 |