Friendship Foundation Inc
- Assets
- $179.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 11/1984
- Data as of
- 12/2020
- EIN
- 22-2562929
Organization Overview
Friendship Foundation Inc is located in Buffalo, NY. The organization was established in 1984. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Foundation 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 12/2020, Friendship Foundation Inc generated $30.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $34.5k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDED AND MAINTAINED BUILDINGS WHERE SOCIAL CLUBS OPERATE AND VEHICLES FOR USE BY THE SOCIAL CLUBS TO ASSIST MENTALLY DISABLED ADULTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Gustaferro Jr Executive Di | 15 | $20,555 | |
Frank Barone Treasurer | 1 | $0 | |
Dorothy Merrill Member | 1 | $0 | |
Brian Rusk President | 1 | $0 | |
Stan Coleman 1st Vice Pre | 1 | $0 | |
Ruth Barone Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,792 |
| Total Program Service Revenue | $21,651 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $30,443 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,177 |
| Professional fees and other payments to independent contractors | $6,705 |
| Occupancy, rent, utilities, and maintenance | $2,500 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,073 |
| Total expenses | $34,455 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $117,756 |
| Other assets | $0 |
| Total assets | $179,006 |
| Total liabilities | $46,024 |
| Net assets or fund balances | $132,982 |
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