Friendship Train Foundation
- Assets
- $273.8k
- Revenue
- $314.8k
- Investments
- $264.7k
- Employees
- 0
- Location
- Neptune, NJ
- Founding
- 01/2009
- Data as of
- 11/2023
- EIN
- 26-1552650
Organization Overview
Friendship Train Foundation is located in Neptune, NJ. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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 Train 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 11/2023, Friendship Train Foundation generated $314.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $214.2k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATED A COMMUNITY CENTER AND PROVIDED CLASSES AND OTHER COMMUNITY SERVICE ACTIVITIES TO THE LOCAL COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michel Marks President | 0 | $0 | |
Steven Treson Secretary | 0 | $0 | |
Amie Taylor Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $120,601 |
| Interest on Savings | $89 |
| Dividends & Interest | $2,973 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $111,827 |
| Capital Gain Net Income | $111,827 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $79,311 |
| Total Revenue | $314,801 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $142,454 |
| Pension plans, employee benefits | $15,558 |
| Interest | $0 |
| Taxes | $545 |
| Depreciation | $611 |
| Occupancy | $5,903 |
| Travel, conferences, and meetings | $931 |
| Printing and publications | $0 |
| Other expenses | $40,069 |
| Total operating and administrative expenses | $214,194 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $214,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,599 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $272 |
| Other assets | $7,287 |
| Total assets | $273,830 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,649 |
| Total liabilities | $3,649 |