Friends Life Care
- Assets
- $14.6m
- Revenue
- $11.5m
- Investments
- $113.6k
- Employees
- 22
- Location
- Blue Bell, PA
- Founding
- 01/1987
- Data as of
- 12/2023
- EIN
- 23-2378625
Organization Overview
Friends Life Care is located in Blue Bell, PA. The organization was established in 1987. According to its NTEE Classification (P44) the organization is classified as: In-Home Assistance, under the broad grouping of Human Services and related organizations. As of 12/2023, Friends Life Care employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Life Care 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 12/2023, Friends Life Care generated $11.5m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $11.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CONTINUING CARE AT HOME PLAN FOR MEMBERS WHO ARE 40 - 81 YEARS OF AGE AT THE TIME OF ENROLLMENT.
Describe the Organization's Program Activity:
HOME HEALTH CARE: TO ASSIST MEMBERS ENROLLED IN THE PLAN TO REMAIN IN THEIR HOMES FOR AS LONG AS PRACTICAL BY PROVIDING SUPPORT AND LONG-TERM HEALTH CARE TO MEMBERS, INCLUDING CARE COORDINATION, HOME HEALTH AIDES, EMERGENCY RESPONSE SYSTEMS, HOME DELIVERED MEALS, ADULT DAY CARE, CARE IN ASSISTED LIVING OR SKILLED NURSING FACILITY. THE ORGANIZATION IS ASSOCIATED WITH THE SOCIETY OF FRIENDS (QUAKERS) AND IS OPERATED WITHIN QUAKER IDEALS, VALUES AND STANDARDS. AS OF 12/31/23, 2,387 MEMBERS WERE ENROLLED IN THE FRIENDS LIFE CARE PLAN WITH APPROXIMATELY 150 RECEIVING SERVICE IN 2023. FRIENDS LIFE CARE HAS A MEMBER ASSISTANCE FUND, WHICH WAS CREATED TO OFFER ASSISTANCE TO MEMBERSHIP WHO MIGHT HAVE DIFFICULTY PAYING FEES. $0 WAS USED TO HELP MEMBERS FROM THIS FUND IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gabriel Ehri Board Member | Trustee | 2 | $0 |
Thomas Penn Board Member | Trustee | 2 | $0 |
Sam Swansen Board Member | Trustee | 2 | $0 |
James Bodine Board Member (as Of 11/23) | Trustee | 2 | $0 |
Laura Boyce Board Member (as Of 11/23) | Trustee | 2 | $0 |
Joan Countryman Board Member (as Of 11/23) | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Friends Life Care Partners Management Services | 12/30/23 | $1,685,859 |
Hardy Helpers Homecare Services | 12/30/23 | $842,973 |
Silver Lining Homecare Services | 12/30/23 | $789,647 |
Living Care Homecare Services | 12/30/23 | $526,560 |
Turo Care Homecare Services | 12/30/23 | $416,055 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,090,533 |
| Investment income | $270,653 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $127,399 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,488,585 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,578,693 |
| Pension plan accruals and contributions | $61,037 |
| Other employee benefits | $93,100 |
| Payroll taxes | $121,842 |
| Fees for services: Management | $1,685,859 |
| Fees for services: Legal | $1,993 |
| Fees for services: Accounting | $36,979 |
| Fees for services: Lobbying | $1,034 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,237 |
| Fees for services: Other | $200,753 |
| Advertising and promotion | $176,724 |
| Office expenses | $8,687 |
| Information technology | $59,437 |
| Royalties | $0 |
| Occupancy | $97,217 |
| Travel | $46,060 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,416 |
| Interest | $6,692 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,284 |
| Insurance | $0 |
| All other expenses | $23,242 |
| Total functional expenses | $11,526,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,268 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $323,080 |
| 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 | $59,805 |
| Net Land, buildings, and equipment | $389,120 |
| Investments—publicly traded securities | $10,692,854 |
| Investments—other securities | $113,647 |
| Investments—program-related | $0 |
| Intangible assets | $512,165 |
| Other assets | $2,467,617 |
| Total assets | $14,597,556 |
| Accounts payable and accrued expenses | $727,695 |
| Grants payable | $0 |
| Deferred revenue | $2,390,418 |
| 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 | $350,135 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,205,687 |
| Total liabilities | $6,673,935 |
| Net assets without donor restrictions | $7,923,621 |
| 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 | $14,597,556 |