Friend Ships
- Assets
- $3.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Charles, LA
- Founding
- 10/2014
- Data as of
- 05/2024
- EIN
- 46-2878325
Organization Overview
Friend Ships is located in Lake Charles, LA. The organization was established in 2014. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Friend Ships 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 05/2024, Friend Ships generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $414.6k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (26.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Friend Ships has awarded 21 individual grants totaling $584,034. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
FRIEND SHIPS PROVIDES HUMANITARIAN AID, MEDICAL SERVICES AND DISASTER RELIEF TO VICTIMS OF NATURAL DISASTER, WAR AND POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL: HUMANITARIAN AID TO VICTIMS OF WAR AND THE IMPOVERISHED IN THE MIDDLE EAST (ISRAEL)
DOMESTIC: FOOD ASSISTANCE AND DISASTER RELIEF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald H Tipton Executive Director, President | Trustee | 25 | $0 |
Sandra Tipton Director, Secretary | Trustee | 25 | $0 |
Teresa Shields Director, Treasurer | Trustee | 25 | $0 |
Raymond George Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $912,719 |
| Noncash contributions included in lines 1a–1f | $873,270 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $912,719 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,162,719 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $128,874 |
| Grants and other assistance to domestic individuals. | $60,900 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,060 |
| 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 | $5,175 |
| Advertising and promotion | $0 |
| Office expenses | $6,932 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,000 |
| Travel | $1,341 |
| 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 | $59,802 |
| Insurance | $5,323 |
| All other expenses | $0 |
| Total functional expenses | $414,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,410 |
| 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 | $1,278,538 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,898,823 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,310,771 |
| 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 | $165,000 |
| Other liabilities | $0 |
| Total liabilities | $165,000 |
| Net assets without donor restrictions | $3,145,771 |
| 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 | $3,310,771 |
Grants Awarded
Over the last fiscal year, Friend Ships has awarded $102,506 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GALVESTON FOOD DISTRIBUTION PURPOSE: Food is distributed to community members in need. | $5,720 |
OPEN DOOR CHURCH PURPOSE: Food is distributed to community members in need. | $22,818 |
GREATER SAINT MARY'S BAPTIST CHURCH PURPOSE: Food is distributed to low income, needy families in the community. | $38,640 |
THE LORD'S OUTREACH MINISTRY PURPOSE: Food is utilized to provide meals to homeless individuals and families. | $14,050 |
THE WAY TRAINING CENTER PURPOSE: Food is utilized to provide meals to people recovering from addictions and to distribute to needy families in the community. | $10,388 |
VINEYARD CHRISTIAN FELLOWSHIP PURPOSE: Food boxes are delivered to needy households. | $10,890 |