Friends Inc
- Assets
- $280.5k
- Revenue
- $163.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Huntsville, AL
- Founding
- 03/1998
- Data as of
- 12/2021
- EIN
- 63-1190006
Organization Overview
Friends Inc is located in Huntsville, AL. The organization was established in 1998. 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 12/2021, Friends Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends 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 12/2021, Friends Inc generated $163.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $133.6k during the year ending 12/2021. While expenses have increased by 0.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IT IS OUR MISSION TO PROVIDE VOLUNTEER SUPPORT TO PATIENTS WITH SERIOUS ILLNESSES OR DISABILITIES ENABLING THEM TO MAINTAIN THEIR INDEPENDENCE THROUGH CARING VOLUNTEERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SUPPORT SERVICES TO PATIENTS WITH SERIOUS ILLNESSES OR DISABILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Brewer Executive Director | Officer | 30 | $57,500 |
Rusty Stiles President | OfficerTrustee | 1 | $0 |
Greg Burgess Treasurer | OfficerTrustee | 2 | $0 |
Jane Diamantis Vice President | OfficerTrustee | 1 | $0 |
Jean Loux Secretary | OfficerTrustee | 1 | $0 |
Stacey Condron Board Member | Trustee | 1 | $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 | $105,097 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,097 |
| Total Program Service Revenue | $0 |
| Investment income | $156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $58,599 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $163,852 |
| 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. | $55,181 |
| Compensation of current officers, directors, key employees. | $11,036 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,250 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,795 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,561 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,040 |
| Travel | $2,124 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,472 |
| Insurance | $8,029 |
| All other expenses | $0 |
| Total functional expenses | $133,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,220 |
| Savings and temporary cash investments | $258,779 |
| 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 | $2,465 |
| Investments—publicly traded securities | $7,999 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $280,463 |
| Accounts payable and accrued expenses | $2,853 |
| 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 | $2,853 |
| Net assets without donor restrictions | $0 |
| 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 | $277,610 |
| Total liabilities and net assets/fund balances | $280,463 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Friends Inc has recieved totaling $30,181.
| Awarding Organization | Amount |
|---|---|
Ashburn Family Foundation Huntsville, AL PURPOSE: COMMUNITY VOLUNTEER SERVICE | $20,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $181 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pearl River Valley Opportunity Inc Columbia, MS | $20,914,937 | $25,197,406 |
Adopt-A-Family Of The Palm Beaches Inc Lake Worth, FL | $18,453,103 | $14,622,438 |
Fairhope Single Tax Corporation Fairhope, AL | $9,781,910 | $8,332,566 |
Harbor House Of Central Florida Inc Orlando, FL | $9,826,201 | $6,024,747 |
Star C Corporation Marietta, GA | $534,124 | $5,554,127 |
Monat Gratitude Inc Miami, FL | $349,378 | $3,568,571 |
Nashville Entrepreneur Center Nashville, TN | $5,510,497 | $3,220,772 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Augusta, GA | $19,176,183 | $4,332,479 |
Fga Action Inc Tallahassee, FL | $2,709,662 | $2,540,034 |
Mississippi Municipal Association Jackson, MS | $3,393,555 | $2,072,518 |
Building Owners And Managers Association Of Georgia Inc Atlanta, GA | $6,158,868 | $2,015,601 |
Community Guilds Inc Decatur, GA | $1,303,701 | $1,778,793 |