Good Friends
- Assets
- $606.8k
- Revenue
- $602.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 01/1989
- Data as of
- 06/2021
- EIN
- 56-1589387
Organization Overview
Good Friends is located in Charlotte, NC. The organization was established in 1989. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good 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 06/2021, Good Friends generated $602.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $446.1k during the year ending 06/2021. While expenses have increased by 4.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.TO PROVIDE EMERGENCY ASSISTANCE TO LOW INCOME INDIVIDUALS AND FAMILIES IN MECKLENBURG COUNTY, NC. ELIGIBILITY IS DETERMINED BY IMPARTIAL GUIDELINES AND A REFERRAL SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERGENCY ASSISTANCE TO LOW INCOME INDIVIDUALS & FAMILIES IN MECKLENBURG CO., NC. ELIGIBILITY IS DETERMINED BY IMPARTIAL GUIDELINES & A REFERRAL SYSTEM. 3,000 FAMILES AND CHILDREN WERE SERVED DURING THE CURRENT FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Mcphail President | OfficerTrustee | 2 | $0 |
Sonja Nichols Past President | OfficerTrustee | 2 | $0 |
Beverly Lassiter Treasurer | OfficerTrustee | 2 | $0 |
Ellen Rankin Secretary | OfficerTrustee | 2 | $0 |
Marinn Bengel Board Member | Trustee | 4 | $0 |
Mary Tinkey Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,534 |
| Fundraising events | $385,301 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,851 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $424,686 |
| Total Program Service Revenue | $0 |
| Investment income | $117 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $166,089 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,827 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $602,380 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $286,672 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $63,658 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,490 |
| Advertising and promotion | $5,006 |
| Office expenses | $14,784 |
| Information technology | $15,101 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $295 |
| All other expenses | $0 |
| Total functional expenses | $446,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $606,847 |
| 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 | $606,847 |
| 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 | $228,344 |
| Net assets with donor restrictions | $378,503 |
| 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 | $606,847 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Good Friends has recieved totaling $55,763.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $41,588 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $8,100 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,600 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,875 |
Perper Family Foundation Charlotte, NC PURPOSE: TO SUPPORT THE NEEDS OF LOW INCOME RESIDENTS OF CHARLOTTE. | $1,000 |
Richard G Jacobus Family Foundation Inc Milwaukee, WI PURPOSE: OPERATING | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Industries Of The Valley Works Roanoke, VA | $35,659,269 | $106,358,357 |
Youth Villages Foundation Inc Memphis, TN | $339,159,403 | $27,952,778 |
Community Investments Foundation Charlotte, NC | $101,933,737 | $21,788,464 |
Westminister-Canterbury Management Corporation Richmond, VA | $220,702,749 | $15,246,749 |
United Methodist Manor Of The Pee Dee Florence, SC | $35,528,661 | $13,881,726 |
Hospice Of Chattanooga Foundation Chattanooga, TN | $0 | $886,666 |
Community Real Property Holdings Inc Charlotte, NC | $53,988,196 | $19,881,979 |
Communities In Schools Of North Carolina Inc Raleigh, NC | $8,297,246 | $8,586,637 |
Lutheran Homes Of South Carolina Foundation Inc Irmo, SC | $47,033,372 | $5,922,264 |
The Arc Davidson County & Greater Nashville Nashville, TN | $1,667,294 | $2,925,688 |
Thrift Alliance Nashville, TN | $769,764 | $2,756,268 |
Virginia Baptist Homes Foundation Inc Glen Allen, VA | $12,836,580 | $2,666,939 |