The Friendship Center
- Assets
- $755.2k
- Revenue
- $2.8m
- Investments
- $100.0k
- Employees
- 10
- Location
- Chicago, IL
- Founding
- 01/2000
- Data as of
- 12/2023
- EIN
- 36-4219965
Organization Overview
The Friendship Center is located in Chicago, IL. The organization was established in 2000. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2023, Friendship Center employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Center 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, Friendship Center generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 67.6% each year . All expenses for the organization totaled $2.8m during the year ending 12/2023. While expenses have increased by 66.4% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FRIENDSHIP CENTER FOSTERS HOPE AND DIGNITY IN OUR COMMUNITY THROUGH ACCESS TO FOOD, VITAL RESOURCES, AND CRITICAL SOCIAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRIENDSHIP CENTER OPERATES A FOOD PANTRY, PROVIDING FOOD AND ASSISTANCE TO OVER 1,600 INDIVIDUALS PER MONTH. THE FRIENDSHIP CENTER ALSO WORKS TO CONNECT CLIENTS WITH CRITICAL SOCIAL SERVICE AGENCIES IN THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Biedron Board Member | Trustee | 10 | $0 |
Raquel Dafonseca Board Member | Trustee | 3 | $0 |
Alex Zinicola Board Member | Trustee | 3 | $0 |
Susan Casey Board Member | Trustee | 3 | $0 |
Steve Paska Board Member | Trustee | 3 | $0 |
Kelly Weiss Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $64,751 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,721,574 |
| Noncash contributions included in lines 1a–1f | $2,204,496 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,786,325 |
| Total Program Service Revenue | $0 |
| Investment income | $8,303 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,804,395 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,211,820 |
| 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 | $336,897 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,323 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,000 |
| Fees for services: Accounting | $7,659 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,874 |
| Office expenses | $10,420 |
| Information technology | $7,144 |
| Royalties | $0 |
| Occupancy | $41,800 |
| 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 | $26,316 |
| Insurance | $12,721 |
| All other expenses | $41,827 |
| Total functional expenses | $2,771,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,385 |
| Savings and temporary cash investments | $284,391 |
| 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 | $116,199 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $99,977 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,235 |
| Total assets | $755,187 |
| Accounts payable and accrued expenses | $15,149 |
| 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 | $15,149 |
| Net assets without donor restrictions | $740,038 |
| 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 | $755,187 |