The Friendship Foundation
- Assets
- $6.9m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 18
- Location
- Redondo Beach, CA
- Founding
- 06/2007
- Data as of
- 08/2023
- EIN
- 20-8575157
Organization Overview
The Friendship Foundation is located in Redondo Beach, CA. The organization was established in 2007. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 08/2023, Friendship Foundation employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Foundation 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 08/2023, Friendship Foundation generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $3.6m during the year ending 08/2023. 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 SUPPORT PARENTS AND FAMILIES WHO HAVE CHILDREN WITH SPECIAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRIENDSHIP FOUNDATION PROVIDES A SAFE, ACCEPTING AND INCLUSIVE ENVIRONMENT WHERE CHILDREN AND YOUNG ADULTS, AGES 8+, LIVING WITH SPECIAL NEEDS, CAN ENGAGE IN ACTIVITIES WITH NEURO-TYPICAL PEERS. WE PROVIDE SCHOOL-SANCTIONED FRIENDSHIP CLUBS IN 35+ ELEMENTARY, MIDDLE, AND HIGH SCHOOLS AS WELL AS 50+ PROGRAMS AND ACTIVITIES ARE OFFERED EACH MONTH IN THE FOLLOWING CATEGORIES: SPORTS, SOCIAL-EMOTIONAL WELLNESS, ART, MATH, SCIENCE, LIFE-SKILLS, LEADERSHIP, DRAMA, DANCE AND MUSIC, AS WELL AS FIELD-TRIPS, SUMMER CAMPS, THEATRICAL PERFORMANCES AND MORE. THE PEER-TO-PEER MODEL WE USE BUILDS LEADERSHIP, TEAM-BUILDING SKILLS FOR ALL. THE PROGRAMS FOSTER FRIENDSHIP BETWEEN STUDENTS WHO MAY HAVE NEVER CROSSED PATHS. WE BRING TOGETHER A DIVERSE POPULATION OF STUDENTS INTO ONE ORGANIZATION FOR ONE PURPOSE; TO GROW AND LEARN FROM EACH OTHER. WE CELEBRATE EACH PERSON'S UNIQUE ABILITIES AND HELP THEM MEET THEIR FULL POTENTIAL. WE PROVIDE LOW-COST TO FREE PROGRAM OPTIONS SO ALL FAMILIES CAN GIVE THEIR CHILDREN THE OPPORTUNITY TO ENJOY ACTIVITIES NOT READILY AVAILABLE AND THAT LEVEL THE PLAYING FIELD FOR THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yossi Mintz President | OfficerTrustee | 20 | $48,000 |
Edward Kaminsky Secretary | OfficerTrustee | 1 | $0 |
John Pollitt Treasurer | OfficerTrustee | 1 | $0 |
Adam Carroll Director | Trustee | 1 | $0 |
Portia Cohen Director | Trustee | 1 | $0 |
Yosef Gorowitz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,153,709 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,168,709 |
| Total Program Service Revenue | $184,243 |
| Investment income | $114,030 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,225 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,494,844 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,544,516 |
| 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. | $55,500 |
| Compensation of current officers, directors, key employees. | $9,990 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $539,409 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,558 |
| Payroll taxes | $45,782 |
| 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 | $62,339 |
| Advertising and promotion | $0 |
| Office expenses | $22,179 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,154 |
| 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 | $2,439 |
| Insurance | $14,851 |
| All other expenses | $23,464 |
| Total functional expenses | $3,575,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,976,044 |
| Savings and temporary cash investments | $21,463 |
| 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 | $14,399 |
| Net Land, buildings, and equipment | $45,387 |
| Investments—publicly traded securities | $4,841,681 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,898,974 |
| Accounts payable and accrued expenses | $38,631 |
| 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 | $2,877,452 |
| Total liabilities | $2,916,083 |
| Net assets without donor restrictions | $3,982,891 |
| Net assets with donor restrictions | $0 |
| 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 | $6,898,974 |