Close Friends Foundation
- Assets
- $553.8k
- Revenue
- $49.5k
- Investments
- $505.2k
- Employees
- 0
- Location
- Bonita Springs, FL
- Founding
- 11/2009
- Data as of
- 12/2022
- EIN
- 37-6438016
Organization Overview
Close Friends Foundation is located in Bonita Springs, FL. The organization was established in 2009. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Close Friends Foundation 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, Close Friends Foundation generated $49.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 48.1% each year . All expenses for the organization totaled $18.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Close Friends Foundation has awarded 35 individual grants totaling $166,758. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TWO ART SHOWS WERE HELD TO RAISE CONTRIBUTIONS FOR THE BENEFIT OF THE CORKSCREW WATER SANCTUARY.
TWO ART SHOWS WERE HELD TO RAISE CONTRIBUTIONS FOR THE BENEFIT OF THE CORKSCREW WATER SANCTUARY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John P Howard Trustee | 2 | $0 | |
Martha Howard Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,785 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,382 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,302 |
| Capital Gain Net Income | $38,302 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,469 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,525 |
| Total operating and administrative expenses | $4,047 |
| Contributions, gifts, grants paid | $14,753 |
| Total expenses and disbursements | $18,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,636 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $505,160 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $553,796 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Close Friends Foundation has awarded $14,753 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
LEE MEM HEALTH SYSTEM FDN INC PURPOSE: SUPPORT FOR KIDS' MINDS MATTER | $10,000 |
COLLIER COMMUNITY FOUNDATION PURPOSE: SUPPORT FOR SOCIAL SERVICES | $1,100 |
HIGH COUNTRY BREAST CANCER FDN PURPOSE: SUPPORT FOR MEDICAL RESEARCH | $100 |
WATAUGA HUMANE SOCIETY PURPOSE: PET ADOPTIONS | $1,000 |
APPALACHIAN REG HEALTH CARE SYSTEM PURPOSE: HEART AND CARDIAC CARE | $1,500 |
COMM FDN OF COLLIER COUNTY PURPOSE: SUPPORT OF WILD LIFE | $1,053 |