Far Away Friends Inc
- Assets
- $58.7k
- Revenue
- $378.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Lakewood, CO
- Founding
- 11/2014
- Data as of
- 12/2022
- EIN
- 46-4917506
Organization Overview
Far Away Friends Inc, operating under the name Far Away Friends, is located in Lakewood, CO. The organization was established in 2014. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Far Away Friends employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Far Away Friends 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, Far Away Friends generated $378.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.8% each year . All expenses for the organization totaled $369.4k during the year ending 12/2022. While expenses have increased by 27.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FAR AWAY FRIENDS EXISTS TO EQUIP YOUTH WITH THE TOOLS TO BREAK CYCLES OF POVERTY FOREVER. OUR WORK IS PRIMARILY FOCUSED IN THE RURAL AMOLATAR DISTRICT OF NORTH-CENTRAL UGANDA WHERE WE OPERATE OUR MODEL SCHOOL GLOBAL LEADERS DAY & BOARDING PRIMARY SCHOOL EDUCATE 250 STUDENTS TRAIN TEACHERS AND EMPLOY 25 UGANDAN STAFF. ADDITIONALLY WE RUN A SCHOOL OUTREACH PROGRAM WHICH PROVIDES MENSTURAL HYGIENE MANAGEMENT TOOLS AND EMPOWERMENT TRAININGS TO GIRLS AT OUR NETWORK PARTNER SCHOOLS ACROSS AMOLATAR DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLOBAL LEADERS PRIMARY SCHOOL: SUPPORT FOR THE DAILY OPERATIONS OF A MODEL PRIMARY SCHOOL AND TEACHER TRAINING CENTER IN NAMASALE UGANDA INCLUDING CLASSROOM NEEDS EDUCATION DAILY MEALS HOUSING FOR 500 STUDENTS TEACHERS HOUSING AND INFRASTRUCTURE DEVELOPMENT. THIS PROGRAM ALSO PROVIDES TEACHER TRAINING FOR DISTRICT-AREA TEACHERS IN OUR SISTER SCHOOLS NETWORK.
SCHOOL OUTREACH PROGRAM AKA SCHOOLS FOR SCHOOLS THROUGH THIS PROGRAM WE PARTNER WITH LOCAL GOVERNMENT SCHOOLS TO ENHANCE LEARNING ENVIRONMENTS WASH RESOURCES CAPACITY BUILDING AND IMPROVE STUDENT OUTCOMES IN AMOLATAR DISTRICT UGANDA.THIS PROGRAM ADDITIONALLY PROVIDES MENTORSHIP AND LEADERSHIP SKILL DEVELOPMENT THROUGH OUR SKILLS FOR LIFE CLASSES TO OVER 1,500 KIDS IN UGANDA. STUDENTS IN UNITED STATES ARE ALSO IMPACTED BY THIS PROGRAM THROUGH OUR FAR AWAY FRIENDS CLUBS PEN PAL PROGRAM AND GLOBAL CITIZENSHIP TRAININGS.
FAR AWAY FRIENDS UGANDA OPERATIONS: SUPPORT FOR THE OPERATIONS OF THE FAR AWAY FRIENDS UGANDA COMMUNITY BASED ORGANIZATION FUELED BY LOCAL LEADERS IN UGANDA TO HELP CARRY OUT OUR MISSION ON THE GROUND. GRANTS ARE MADE BY FAR AWAY FRIENDS USA TO OUR LOCAL PARTNER TO SUPPORT GAINFUL EMPLOYMENT FOR ALL IN-COUNTRY STAFF AND LEADERSHIP IN UGANDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jayme Ward Co-Founder Executive Director | Officer | 40 | $50,000 |
Kaitlyn Phillips Operations Director | Officer | 40 | $23,077 |
Dennis O'connor Board Chair | Trustee | 20 | $0 |
Camela Giraud Board Member | Trustee | 5 | $0 |
Corey Ward Board Member | Trustee | 5 | $0 |
Rachelmarie Asaro-Mclaughlin Board Member | 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 | $378,157 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $378,157 |
| 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 | $378,157 |
| 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 | $263,290 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $57,501 |
| 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 | $22,600 |
| Fees for services: Management | $1,522 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $226 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,010 |
| Office expenses | $1,716 |
| Information technology | $5,418 |
| Royalties | $0 |
| Occupancy | $775 |
| Travel | $7,106 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $294 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $650 |
| All other expenses | $7,299 |
| Total functional expenses | $369,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,682 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $58,682 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $58,682 |
| 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 | $58,682 |