The Friendship Foundation
- Assets
- $21.1m
- Revenue
- $16.7m
- Investments
- $0.0
- Employees
- 12
- Location
- Redondo Beach, CA
- Founding
- 06/2007
- Data as of
- 08/2021
- 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 08/2021, Friendship Foundation employed 12 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 08/2021, Friendship Foundation generated $16.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 55.2% each year . All expenses for the organization totaled $3.4m during the year ending 08/2021. While expenses have increased by 30.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT PARENTS AND FAMILIES WHO HAVE CHILDREN WITH SPECIAL NEEDS WITH THE BELIEF THAT EVERY PERSON IS PRECIOUS AND CAPABLE OF LOVE, CONNECTION, AND FRIENDSHIP.
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.
THE FRIENDSHIP FOUNDATION RAISED FUNDS TO SUSTAIN ITS PROGRAMS AND CONTRIBUTE BOARD DESIGNATED FUNDS TO FRIENDSHIP EDUCATIONAL FOUNDATION CAPITAL CAMPAIGN FOR THE ARCHITECTURAL AND STATE CERTIFIED PLANNING AND PERMITTING OF THE FRIENDSHIP CAMPUS. THE CAPITAL CAMPAIGN IS IN PLACE TO SUPPORT THE CAPITALIZED CONSTRUCTION COSTS TO SUPPORT THE CONSTRUCTION OF A 64,000 SQUARE FOOT FACILITY THAT WILL BE OCCUPIED BY FRIENDSHIP FOUNDATION STAFF, PROGRAMS, TRANSITION PROGRAMS, AND AT STATE-OF-THE ART VOCATIONAL TRAINING PROGRAM. THIS PROGRAM WILL HELP TO TRAIN AND PLACE INDIVIDUALS WITH SPECIAL NEEDS INTO THE WORKFORCE. IT WILL PROVIDE JOB-SKILLS TRAINING AND LIFE SKILLS TRAINING TO PREPARE YOUNG ADULTS FOR INDEPENDENT LIVING AND SELF-SUFFICIENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Mintz President/board Chair | OfficerTrustee | 20 | $48,000 |
Edward Kaminsky Secretary | OfficerTrustee | 1 | $0 |
John Pollitt CFO | OfficerTrustee | 1 | $0 |
Portia Cohen Director | Trustee | 1 | $0 |
Josef Gorowitz Director | Trustee | 1 | $0 |
Mike Kaplan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $97,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,355,158 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,452,658 |
| Total Program Service Revenue | $85,016 |
| Investment income | $118,490 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,106 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,675,270 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,675,982 |
| 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. | $48,000 |
| Compensation of current officers, directors, key employees. | $3,840 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $387,753 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,382 |
| Payroll taxes | $36,951 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,619 |
| Fees for services: Accounting | $9,915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,163 |
| Fees for services: Other | $2,691 |
| Advertising and promotion | $41,480 |
| Office expenses | $15,592 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,000 |
| 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 | $20,916 |
| Insurance | $18,502 |
| All other expenses | $14,542 |
| Total functional expenses | $3,389,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,561,961 |
| Savings and temporary cash investments | $2,543,545 |
| Pledges and grants receivable | $13,107,962 |
| Accounts receivable, net | $8,918 |
| 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 | $38,701 |
| Investments—publicly traded securities | $1,842,774 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,103,861 |
| Accounts payable and accrued expenses | $29,092 |
| 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 | $92,000 |
| Total liabilities | $121,092 |
| Net assets without donor restrictions | $4,707,053 |
| Net assets with donor restrictions | $16,275,716 |
| 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 | $21,103,861 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that The Friendship Foundation has recieved totaling $4,034,419.
| Awarding Organization | Amount |
|---|---|
Skechers Foundation Manhattan Beach, CA PURPOSE: GENERAL SUPPORT | $1,578,193 |
Ramesh And Kalpana Bhatia Familyfoundation Wilmington, DE PURPOSE: FRIENDSHIP CAMPUS - BHATIA COLLEGE | $1,500,000 |
The Eisner Foundation Inc Beverly Hills, CA PURPOSE: GENERAL | $250,000 |
Windsong Tr Manhattan Beach, CA PURPOSE: EDUCATIONAL PROGRAM SUPPORT | $250,000 |
The Eisner Foundation Inc Beverly Hills, CA PURPOSE: GENERAL | $250,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $71,031 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sourcewise Santa Clara, CA | $7,993,096 | $17,866,035 |
Pima Council On Aging Inc Tucson, AZ | $10,290,205 | $15,552,044 |
Fsl Programs Phoenix, AZ | $5,562,893 | $15,840,626 |
Serving Seniors San Diego, CA | $23,762,987 | $13,598,474 |
Vivalon San Rafael, CA | $15,091,831 | $11,530,268 |
Lanakila Pacific Honolulu, HI | $36,113,622 | $9,198,023 |
Santa Clarita Valley Committee On Aging Inc Santa Clarita, CA | $16,850,668 | $9,699,649 |
Onegeneration Van Nuys, CA | $6,251,493 | $9,815,595 |
Fsl Pathways Phoenix, AZ | $5,868,653 | $8,387,285 |
Grey Bears Santa Cruz, CA | $7,420,160 | $8,377,018 |
On Lok Day Services San Francisco, CA | $8,843,870 | $7,180,931 |
Avenidas Palo Alto, CA | $49,752,413 | $6,728,403 |