Friends For Education
- Assets
- $80.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Prosper, TX
- Founding
- 05/2011
- Data as of
- 12/2022
- EIN
- 27-1913707
Organization Overview
Friends For Education is located in Prosper, TX. The organization was established in 2011. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends For Education 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, Friends For Education generated $93.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $93.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FRIENDS FOR EDUCATION FOCUSES ON PROVIDING EDUCATION. WORLDWIDE IN THE AREAS OF HOLISTIC EDUCATION, ORGANIC FARMING, TRADITIONAL ARTS AND MUSIC, VEDIC BOOKS, YOUTH SHELTERS, ETC.
Describe the Organization's Program Activity:
Part 3
EDUCATION (TRADITIONAL AGRICULTURE, ARTS, CULTURE): PROMOTE TRADITIONAL VEDIC EDUCATION IN VARIOUS PARTS OF US AND OTHER PARTS OF WORLD. DEVELOP OR PROCURE RARE BOOKS OF SPECIAL ARTISTIC AND EDUCATIONAL SIGNIFICANCE AND DISTRIBUTE FREE OF COST IN USA WHERE POSSIBLE. DISTRIBUTE BOOKS AT DISCOUNTED RATES ON AMAZON.COM, LULU.COM INCLUDING AMAZON KINDLE (2019 NO REVENUE FROM THIS SOURCE).
BASIC NEEDS (FOOD, CLOTHING, SHELTER). IDENTIFY INNOVATIVE WAYS OF PROVIDING BASIC NEEDS IN THE WORLD AND CONDUCT RESEARCH IN FUNDAMENTAL WAYS TO SOLVE PROBLEMS OF FOOD(TRADITIONAL AGRICULTURE), CLOTHING, SHELTER, AND CARE. ECO FRIENDLY HOUSING, COW SHELTERS, SCHOOL INFRASTRUCTURE IN DEVELOPING COUNTRIES. THIS SPECIFIC GRANT IS FOR SCHOOL EDUCATION PROGRAM IN SALEM, TN,INDIA AND AT RURAL EDUCATIONAL CENTER NEAR VADODARA, INDIA
SUPPORTING TRADITIONAL SCHOOL IN ATLANTA GA CALLED KRISHNA LIFE. THE SCHOOL IS OPERATIONAL AS OF DEC 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ramesh Yerramsetti President | 10 | $0 | |
Saravanan Kanaiah Director | 10 | $0 | |
Sanjay Goel Director | 10 | $0 | |
Sunil Sommana Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,647 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $93,647 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $3,847 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $93,260 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $80,683 |
| Other assets | $0 |
| Total assets | $80,683 |
| Total liabilities | $0 |
| Net assets or fund balances | $80,683 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friends For Education has recieved totaling $26,644.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $26,621 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $23 |
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