Friends Of The Master Inc
- Assets
- $333.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ypsilanti, MI
- Founding
- 07/2007
- Data as of
- 12/2023
- EIN
- 32-0154880
Organization Overview
Friends Of The Master Inc is located in Ypsilanti, MI. The organization was established in 2007. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Master Inc 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 12/2023, Friends Of The Master Inc generated $124.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $115.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE ASSISTANCE FOR CURRENT AND FORMER INMATES, INCLUDING VISITING INMATES IN JAIL OR PRISON, QUARTERLY NEWSLETTERS TO ABOUT 220 INMATES, HOUSING FOR 15 INDIVIDUALS, AND OTHER SUPPORTIVE SERVICES TO ASSIST FORMER INMATES IN RE-ENTERING THEIR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Macari President | 4 | $0 | |
Michael Morrissey Treasurer | 5 | $0 | |
Timothy Atzinger Treasurer | 2 | $0 | |
Gary Roche Director | 1 | $0 | |
John Flanagan Director | 2 | $0 | |
David Rose Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,786 |
| Total Program Service Revenue | $52,107 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $124,893 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $38,906 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $44,392 |
| Printing, publications, postage, and shipping | $961 |
| Other expenses | $30,938 |
| Total expenses | $115,197 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,413 |
| Other assets | $0 |
| Total assets | $333,492 |
| Total liabilities | $304,665 |
| Net assets or fund balances | $28,827 |