Friendship Circle Metrowest Inc
- Assets
- $1.6m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 30
- Location
- Livingston, NJ
- Founding
- 11/2013
- Data as of
- 06/2022
- EIN
- 46-3008950
Organization Overview
Friendship Circle Metrowest Inc is located in Livingston, NJ. The organization was established in 2013. According to its NTEE Classification (X19) the organization is classified as: Support N.E.C., under the broad grouping of Religion-Related and related organizations. As of 06/2022, Friendship Circle Metrowest Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Circle Metrowest Inc 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 06/2022, Friendship Circle Metrowest Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 4.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE A GREATER AWARENESS AND UNDERSTANDING OF THE UNIQUE NEEDS AND UNIQUE GIFTS OF PEOPLE WITH SPECIAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDSHIP CIRCLE'S WIDE ARRAY OF INNOVATIVE PROGRAMMING PROMOTES A GREATER AWARENESS AND UNDERSTANDING OF BOTH THE UNIQUE NEEDS AND THE UNIQUE GIFTS OF THOSE WITH SPECIAL NEEDS, AND ENCOURAGES RESPECT AND EMPATHY FOR THOSE FACING DIFFICULT CHALLENGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rabbi Zalman Grossbaum Chairman And CEO | OfficerTrustee | 20 | $65,615 |
Barry Lefkowitz President, Director | OfficerTrustee | 1 | $0 |
Dara Orbach Vice President, Director | OfficerTrustee | 1 | $0 |
Steven Simon Treasurer | OfficerTrustee | 1 | $0 |
David Orbach Secretary, Director | OfficerTrustee | 1 | $0 |
Renee Averbach Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,103,936 |
| Related organizations | $0 |
| Government grants | $2,408 |
| All other contributions, gifts, grants, and similar amounts not included above | $795,448 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,901,792 |
| Total Program Service Revenue | $94,955 |
| Investment income | $833 |
| 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 | $2,026,306 |
| 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. | $178,762 |
| Compensation of current officers, directors, key employees. | $35,752 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $510,004 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $183,854 |
| Payroll taxes | $48,408 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,430 |
| Advertising and promotion | $72,807 |
| Office expenses | $429,408 |
| Information technology | $75,631 |
| Royalties | $0 |
| Occupancy | $381,877 |
| Travel | $8,003 |
| 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 | $17,397 |
| Insurance | $56,572 |
| All other expenses | $0 |
| Total functional expenses | $2,058,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,559 |
| Savings and temporary cash investments | $1,163,396 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $225,175 |
| 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 | $5,941 |
| Net Land, buildings, and equipment | $15,840 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,800 |
| Total assets | $1,575,711 |
| Accounts payable and accrued expenses | $71,308 |
| 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 | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $538,863 |
| Total liabilities | $1,110,171 |
| Net assets without donor restrictions | $465,540 |
| 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 | $1,575,711 |