Girl Friends Inc
- Assets
- $3.4m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 03/1967
- Data as of
- 06/2024
- EIN
- 34-1536121
Organization Overview
Girl Friends Inc is located in Brooklyn, NY. The organization was established in 1967. According to its NTEE Classification (S81) the organization is classified as: Womens Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Girl Friends Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2024, Girl Friends Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $2.3m during the year ending 06/2024. While expenses have increased by 10.3% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFILIATE CHAPTER DONATIONS TO THE GIRLFRIENDS FUND, INCORPORATED. FUNDS ARE USED BY THE GIRL FRIENDS FUND, INC TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS ENROLLED AT MAJOR COLLEGES AND UNIVERSITIES. THE FUND IS A 501(C)(3)ENTITY AND IS SEPERATE FROM THE GIRL FRIENDS, INC.
AFFILIATE CHAPTER DONATIONS TO CHARITIES AND NON-PROFIT ORGANIZATIONS IN THEIR COMMUNITIES WHICH PROVIDE CIVIC SERVICES TO LOCAL GROUP AND NATIONAL NON-PROFIT ORGANIZATIONS.
SCHOLARSHIPS AND GRANTS THAT ARE AWARDED BY AFFILIATE CHAPTERS TO STUDENTS IN THEIR LOCAL COMMUNITIES WHO ARE CONTINUING HIGHER EDUCATION. EACH CHAPTER AFFILIATE HAS ESTABLISHED ITS SCHOLARSHIP GUIDELINES TO ENSURE THAT THEY ARE IN COMPLIANCE WITH FEDERAL REGULATIONS FOR NON-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Espy National President | Officer | $0 | |
Courtney Moore Advisory Board Chairperson | Officer | $0 | |
Karen Holmes Ward National Vice President | Officer | $0 | |
Natasha Witherspoon National Secretary | Officer | $0 | |
Tanesha Francis National Treasurer | Officer | $0 | |
Marilyn Holmes National Chatterbox Editor | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,230,282 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,089,175 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,319,457 |
| Total Program Service Revenue | $0 |
| Investment income | $26,167 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $112,157 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,457,781 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $13,112 |
| Office expenses | $5,170 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $106,477 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $560,766 |
| Total functional expenses | $2,284,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,362,773 |
| 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 | $3,362,773 |
| 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 | $0 |
| Net assets with donor restrictions | $3,362,773 |
| 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 | $3,362,773 |