Friends Of Ironton
- Assets
- $504.4k
- Revenue
- $79.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Ironton, OH
- Founding
- 09/2005
- Data as of
- 12/2021
- EIN
- 35-2222596
Organization Overview
Friends Of Ironton is located in Ironton, OH. The organization was established in 2005. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Ironton 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 12/2021, Friends Of Ironton generated $79.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $80.7k during the year ending 12/2021. While expenses have increased by 5.9% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE GROWTH OF COMMUNITY BASE AND TO IDENTIFY AND UNDERTAKE ACTIVITIES/PROJECTS TO ENHANCE THE QUALITY OF LIFE AND ECONOMIC ENVIRONMENT OF THE COMMUNITY.
Describe the Organization's Program Activity:
TO PROMOTE GROWTH OF COMMUNITY BASE AND TO IDENTIFY AND UNDERTAKE ACTIVITIES/PROJECTS TO ENHANCE THE QUALITY OF LIFE AND ECONOMIC ENVIRONMENT OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Madolin Blackwell Treasurer | Officer | 1 | $0 |
Richard Jansen President | Officer | 1 | $0 |
Jane Griffith Secretary | Officer | 1 | $0 |
Jeff Mowery Vice Preside | Officer | 1 | $0 |
Valerie Freeman Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,109 |
| Related organizations | $0 |
| Government grants | $4,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,556 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,165 |
| Total Program Service Revenue | $0 |
| Investment income | $11 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,200 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$150 |
| Net Income from Gaming Activities | $34,185 |
| Net Income from Sales of Inventory | $1,225 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $79,636 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,660 |
| 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 | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,799 |
| Advertising and promotion | $256 |
| Office expenses | $383 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,153 |
| Travel | $0 |
| 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 | $21,341 |
| Insurance | $6,598 |
| All other expenses | $2,668 |
| Total functional expenses | $80,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,198 |
| Savings and temporary cash investments | $15,247 |
| 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 | $700 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $480,265 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $504,410 |
| Accounts payable and accrued expenses | $1,930 |
| 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 | $2,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,840 |
| Total liabilities | $24,770 |
| Net assets without donor restrictions | $479,640 |
| 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 | $504,410 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of Ironton has recieved totaling $13,500.
| Awarding Organization | Amount |
|---|---|
Spriggs Family Foundation Inc Ashland, KY PURPOSE: PROMOTE COMMUNITY DEVELOPMENT FOR THE CITY OF IRONTON AND SURROUNDING AREA. | $13,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Action Commission Of Fayette County Washington Court House, OH | $10,620,828 | $9,688,038 |
Downtown Cleveland Alliance Cleveland, OH | $4,884,612 | $9,424,862 |
Allegheny Conference On Community Development Pittsburgh, PA | $14,597,444 | $7,655,898 |
Campus Partners For Community Urban Redevelopment Columbus, OH | $180,909,775 | $6,681,454 |
G M N Tri-County Community Action Committee Inc Caldwell, OH | $4,898,315 | $8,954,404 |
Lakeside Association Lakeside, OH | $18,007,265 | $9,409,090 |
Southwest Michigan Community Action Agency Benton Harbor, MI | $1,305,727 | $8,078,808 |
Alloy Development Co Inc Cincinnati, OH | $4,726,609 | $7,810,614 |
Neighborhood Development Services Inc Ravenna, OH | $44,837,600 | $8,930,715 |
Community Action Of Southern Indiana Inc Jeffersonville, IN | $1,581,999 | $6,952,233 |
Warren And Forest Counties Economic Opportunity Council Warren, PA | $10,674,151 | $7,590,481 |
Community Action House Holland, MI | $7,393,862 | $7,680,588 |