Friendship Ministries Foundation
- Assets
- $23.0k
- Revenue
- $268.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Devon, PA
- Founding
- 07/1997
- Data as of
- 06/2022
- EIN
- 23-2832200
Organization Overview
Friendship Ministries Foundation is located in Devon, PA. The organization was established in 1997. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Friendship Ministries Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Ministries 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 06/2022, Friendship Ministries Foundation generated $268.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $291.4k during the year ending 06/2022. 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
DEDICATED TO HELPING INDIVIDUALS FOSTER AUTHENTIC RELATIONSHIPS THROUGH DEVELOPING A PERSONAL RELATIONSHIP WITH GOD, FINDING NEW FRIENDSHIPS, AND BUILDING AND RENEWING RELATIONSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RETREATS, SEMINARS, CONFERENCES, BIBLE STUDIES, COUNSELING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Russell Cadle President | OfficerTrustee | 55 | $109,299 |
Thomas Dunn Vice Pres | OfficerTrustee | 1 | $0 |
Robert Nickle Director | Trustee | 1 | $0 |
Greg Sarian Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $268,457 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $268,460 |
| Statement of Expenses | |
|---|---|
| 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. | $161,330 |
| Compensation to disqualified persons | $80,486 |
| Other salaries and wages | $14,373 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,368 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $126 |
| Fees for services: Accounting | $2,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,145 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,358 |
| Travel | $6,171 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $291,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,991 |
| Savings and temporary cash investments | $0 |
| 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 | $998 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,989 |
| Accounts payable and accrued expenses | $19,053 |
| 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 | $19,053 |
| Net assets without donor restrictions | $3,936 |
| 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 |
| Total liabilities and net assets/fund balances | $3,936 |