Friends Center Corporation
- Assets
- $13.2m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 10
- Location
- Philadelphia, PA
- Founding
- 08/1974
- Data as of
- 06/2022
- EIN
- 23-7326928
Organization Overview
Friends Center Corporation is located in Philadelphia, PA. The organization was established in 1974. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2022, Friends Center Corporation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Center Corporation 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, Friends Center Corporation generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 0.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE FORM 990, PAGE 2, PART III, STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS, LINE 1 FOR DETAILS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STEWARDSHIP OF PROPERTYTHE CENTER IS FORMED AS A SUPPORTING ORGANIZATION TO MANAGE AND MAINTAIN THE PROPERTY SO AS TO PROVIDE A COLLABORATIVE, COMFORTABLE, AND EFFICIENT ENVIRONMENT FOR THOSE THAT WORK, WORSHIP, AND WITNESS WITHIN.FRIENDS CENTER SUPPORTS AND PROMOTES THE MISSIONS OF THE EQUITY PARTNERS OF FRIENDS CENTER: THE AMERICAN FRIENDS SERVICE COMMITTEE, CENTRAL PHILADELPHIA MONTHLY MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS, AND PHILADELPHIA YEARLY MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS, AND WELCOMES ADDITIONAL ORGANIZATIONS WHOSE MISSIONS COMPLEMENT OR ADVANCE THE MISSIONS OF THE PARTNERS. AT FRIENDS CENTER, THE WORK OF EACH ORGANIZATION IS ENHANCED BY WORKING TOGETHER IN A PLACE OF COMMUNAL SUPPORT.
TENANT SERVICESIN ADDITION TO PROVIDING PHYSICAL SPACE, FRIENDS CENTER STAFF PROVIDES SERVICES TO TENANTS TO SUPPORT THEIR WORK SUCH AS RECEPTIONIST SERVICES, HANDLING MAIL AND PACKAGES, SCHEDULING AND PREPARING MEETING SPACES, AND OTHER SERVICES. FRIENDS CENTER ALSO IS ALERT FOR OPPORTUNITIES TO USE THE PROPERTY AS A PRACTICAL WITNESS FOR PEACE, EQUALITY, AND STEWARDSHIP OF THE EARTH INCLUDING PROVIDING MEETING SPACE TO COMMUNITY GROUPS, TOURS AND CONSULTATION REGARDING GREEN BUILDING, AND OPPORTUNITIES TO LEARN ABOUT QUAKER COMMITMENTS TO PEACE AND JUSTICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Mohr Executive Director | Officer | 35 | $97,649 |
Grant Johnson Clerk | OfficerTrustee | 1 | $0 |
David Singleton Treasurer | OfficerTrustee | 1 | $0 |
William Schmidt Secretary | OfficerTrustee | 1 | $0 |
Christie Duncan-Tessmer Board Member | Trustee | 1 | $0 |
Hector Cortez Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Emcor Fluidics Building Operations Services | 6/29/22 | $109,315 |
Mj Settelen Construction Llc Building Construction | 6/29/22 | $320,762 |
Ballard Spahr Legal Services | 6/29/22 | $107,345 |
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 | $7,817 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,817 |
| Total Program Service Revenue | $1,463,740 |
| Investment income | $2,527 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$314 |
| Net Gain/Loss on Asset Sales | $1,127,463 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,753,002 |
| 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. | $130,324 |
| Compensation of current officers, directors, key employees. | $25,152 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $176,259 |
| Pension plan accruals and contributions | $45,356 |
| Other employee benefits | $50,825 |
| Payroll taxes | $23,771 |
| 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 | $83,908 |
| Advertising and promotion | $0 |
| Office expenses | $18,810 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $92,315 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $260,051 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $634,823 |
| Insurance | $93,982 |
| All other expenses | $0 |
| Total functional expenses | $2,114,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $827,364 |
| Savings and temporary cash investments | $231,413 |
| Pledges and grants receivable | $128,260 |
| 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 | $136,970 |
| Net Land, buildings, and equipment | $11,919,500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,243,507 |
| Accounts payable and accrued expenses | $464,519 |
| Grants payable | $0 |
| Deferred revenue | $146,340 |
| Tax-exempt bond liabilities | $5,158,782 |
| 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 | $20,033 |
| Total liabilities | $5,789,674 |
| Net assets without donor restrictions | $7,453,833 |
| 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 | $13,243,507 |
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