The Florida Research Institute For Equine Nurturing Devel & Saf
- Assets
- $176.5k
- Revenue
- $385.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Ft Lauderdale, FL
- Founding
- 12/1988
- Data as of
- 12/2023
- EIN
- 59-2825751
Organization Overview
The Florida Research Institute For Equine Nurturing Devel & Saf, operating under the name Friends, is located in Ft Lauderdale, FL. The organization was established in 1988. According to its NTEE Classification (S05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2023, Friends generated $385.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $382.0k during the year ending 12/2023. While expenses have increased by 4.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE RESCUE AND CARE OF SICK/ORPHANED HORSES INCLUDING PROVIDING FOOD, HOUSING, AND MEDICAL CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANIMAL PROTECTION AND WELFARE PROGRAMS INCLUDING THE RESCUE OF ABANDONED, ABUSED, AND SICK HORSES. A MINIMUM OF 50 HORSES ARE HOUSED AT ANY GIVEN TIME WITHOUT WHICH THESE ANIMALS WOULD BE DESTROYED WHEN THEY HAVE MANY YEARS OF LOVE AND SERVICE AVAILABLE. THE ORGANIZATION ALSO PROVIDES COMMUNITY AWARENESS AND EDUCATION ON THEIR GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Barwick President | OfficerTrustee | 20 | $0 |
Sandra Cutell Smith Vice Preside | OfficerTrustee | 8 | $0 |
Faith Young Beye Secretary | OfficerTrustee | 3 | $0 |
Debra Beye Barwick Treasurer | OfficerTrustee | 2 | $0 |
Dr Jw Hilton DVM Board Member | Trustee | 1 | $0 |
Gabriela Fudally Board Member | Trustee | 2 | $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 | $377,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $377,800 |
| Total Program Service Revenue | $7,635 |
| 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 | $385,435 |
| 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. | $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 | $4,255 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $330,820 |
| Advertising and promotion | $2,343 |
| Office expenses | $10,233 |
| Information technology | $4,991 |
| Royalties | $0 |
| Occupancy | $22,526 |
| 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 | $5,346 |
| Insurance | $1,470 |
| All other expenses | $0 |
| Total functional expenses | $381,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,605 |
| 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 | $2,908 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $176,513 |
| 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 | $176,513 |
| 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 | $176,513 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Citrus Research And Development Foundation Inc Lake Alfred, FL | $2,582,151 | $39,410,905 |
Studer Community Institute Inc Pensacola, FL | $333,412 | $1,243,447 |
Center For America Roswell, GA | $3,417 | $10,015 |
The Florida Workforce Development Association Inc Port St Lucie, FL | $473,509 | $595,102 |
The Florida Research Institute For Equine Nurturing Devel & Saf Ft Lauderdale, FL | $176,513 | $385,435 |
Florida Benchmarking Consortium Inc Lady Lake, FL | $340,047 | $170,828 |
Quality Growth Institute Inc Atlanta, GA | $608,180 | $191,806 |
Southeast Georgia Friends Of Fort Stewart And Hunter Inc Hinesville, GA | $51,543 | $65,883 |
Jacque Fresco Foundation Inc Venus, FL | $148,042 | $0 |