100 Friends
- Assets
- $156.3k
- Revenue
- $180.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Newport Beach, CA
- Founding
- 04/2008
- Data as of
- 12/2022
- EIN
- 26-0256270
Organization Overview
100 Friends is located in Newport Beach, CA. The organization was established in 2008. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, 100 Friends employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 100 Friends 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 12/2022, 100 Friends generated $180.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $206.4k during the year ending 12/2022. While expenses have increased by 7.7% per year over the past 4 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
TO PROVIDE AID FOR POOR AND TO EDUCATE US CHILDREN: THE 100 FRIENDS PROJECT AIMS TO BRING DIRECT ASSISTANCE BY MEANS OF PHILANTHROPIC TRAVEL TO MANY OF THE WORLD'S MOST NEEDY PEOPLE. I PERSONALLY TRAVEL TO DEVELOPING COUNTRIES TO CARRY OUT HUMANITARIAN MISSIONS ANNUALLY AND PUT THE MONEY TO WORK IN THE MOST COMPASSIONATE, APPROPRIATE, CULTURALLY COMPATIBLE, CONSTRUCTIVE, AND PRACTICAL MANNER POSSIBLE, WHEREVER WE SEE THE MOST DESERVING NEED. WHEN AT HOME IN THE US, I WORK WITH THOUSANDS OF YOUNG PEOPLE TO INVOLVE THEM IN THE PROJECT ACTIVITITES, THUS PLANTING SEEDS FOR FUTURE HUMANITARIAN WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE ACCOMPLISHMENTS MADE TO OVERSEAS ORGANIZATIONS, INDIVIDUALS AND FAMILIES: 1. MEDICAL & FOOD FOR INDIVIDUALS & FAMILIES LIVING IN THE PHILIPPINES, INDIA, CAMBODIA, AFGHANISTAN, NEPAL, TIBET, VIETNAM & INDONESIA. 2. ASSISTANCE TO CHILDREN AND FAMILIES LIVING IN VILLAGES OF RURAL CAMBODIA, PHILIPPINES, TIBET AND VIETNAM (SCHOLARSHIPS, FOOD, BICYCLES, MEDICAL ETC.)3. EDUCATIONAL, NUTRITION, SOCIAL AND MEDICAL SERVICES PROGRAM FOR 245 CHILDREN AND THEIR FAMILIES IN YANGON, MYANMAR. 4. SUPPORT FOR RICE DISTRIBUTION & SCHOLARSHIPS FOR CHILDREN & FAMILIES IN VIETNAM.5. FAMILY ASSISTANCE FOR RECIPIENTS IN MYANMAR, CAMBODIA, MOROCCO & THE PHILIPPINES.6. SUPPORT FOR VILLAGE AND SLUM SCHOOLS AND ORPHANAGES IN INDIA, CAMBODIA, TIBET, NEPAL AND VIETNAM.7. SUPPORT FOR CHILDREN SCHOLARSHIPS IN CAMBODIA, VIETNAM, TIBET & THE PHILIPPINES.8. FUNDS PROVIDED TO SUPPORT VIETNAMESE FAMILIES LIVING IN THAILAND.9. STIPENDS PROVIDED FOR UNIVERSITY STUDENTS IN TIBET CONDUCTING EDUCATIONAL INSTRUCTION FOR CHILDREN IN TIBET.10. SMALL BUSINESS SUPPORT (INCOME GENERATION PROJECTS) FOR INDIVIDUALS IN LAOS, INDONESIA, THE PHILIPPINES AND TIBET.THE TOTAL AMOUNT GIVEN TO VARIOUS ORGANIZATIONS IS $61,773THE TOTAL AMOUNT OF TO INDIVIDUALS AND FAMILIES IS $85,520 TOTAL AMOUNTS OF GRANTS/EXPENSES GIVEN IS $147,293
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Gold President | OfficerTrustee | 40 | $14,640 |
Ramesh Balakrishnan Treasurer | OfficerTrustee | 1 | $0 |
Tom Adame DDS Director | Trustee | 1 | $0 |
Dr Peter Joseph Director | Trustee | 1 | $0 |
Marcy Levine Secretary | OfficerTrustee | 1 | $0 |
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 | $180,102 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,102 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $180,102 |
| 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 | $147,293 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $14,640 |
| Compensation of current officers, directors, key employees. | $14,640 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,790 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,217 |
| 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 | $1,117 |
| Advertising and promotion | $0 |
| Office expenses | $19,197 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,155 |
| 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 | $127 |
| Total functional expenses | $206,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,343 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $156,343 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $156,343 |
| 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 | $156,343 |