Friends For Life is located in Waco, TX. The organization was established in 1989. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 08/2023, Friends For Life employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends For Life 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 08/2023, Friends For Life generated $3.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $3.5m during the year ending 08/2023. While expenses have increased by 5.1% per year over the past 8 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
FRIENDS FOR LIFE HELPS THE ELDERLY & PEOPLE WITH DISABILITIES LIVE INDEPENDENTLY AS LONG AS POSSIBLE, PROTECTS & CARES FOR THOSE WHO ARE UNABLE TO CARE FOR THEMSELVES & BRINGS GENERATIONS TOGETHER TO ENRICH LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGISTERED PROFESSIONAL GUARDIANSHIP: SERVED AS LEGAL GUARDIAN FOR 506 ELDERLY AND DISABLED ADULTS WHO HAD BEEN VICTIMS OF ABUSE, NEGLECT OR EXPLOITATION. LOCATED SAFE PLACES FOR THEM TO RESIDE AND MADE SURE THEY HAD FOOD, MEDICAL CARE, ETC.
ADULT DAY CARE:IN JUNE OF 2000, FRIENDS FOR LIFE TOOK OVER AN ADULT DAY CARE PROGRAM IN WACO, TEXAS THAT WAS SCHEDULED TO CLOSE. THE CENTER IS OPEN FROM 7:30AM TO 5:30PM MONDAY THROUGH FRIDAY AND PROVIDES OPPORTUNITIES FOR SOCIAL SKILLS DEVELOPMENT, ON SITE AND COMMUNITY ACTIVITIES, VOLUNTEERING, MEALS AND TRANSPORTATION. LAST YEAR THE CENTER SERVED 118 PEOPLE.
LIFE SKILLS TRAINING:A ONE-ON-ONE PROGRAM IN WHICH STAFF WORK INDIVIDUALLY WITH CLIENTS WHO HAVE DEVELOPMENTAL DISABILITIES, TEACHING THEM SKILLS TO HELP THEM BE MORE INDEPENDENT WITHIN THE FACILITY SETTING AND POSSIBLY ASSISTING WITH THEIR MOVE BACK INTO THE COMMUNITY. APPROXIMATELY 110 INDIVIDUALS WERE SERVED IN THIS PROGRAM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
B J Greaves President | OfficerTrustee | 1 | $0 |
Sandy Ray Vice President | OfficerTrustee | 1 | $0 |
Leonard Englander Treasurer | OfficerTrustee | 1 | $0 |
Pam Thomason Secretary | OfficerTrustee | 1 | $0 |
Erma Ballenger Director | Trustee | 1 | $0 |
Janie Martinez Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $421,437 |
All other contributions, gifts, grants, and similar amounts not included above | $685,270 |
Noncash contributions included in lines 1a–1f | $77,965 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,106,707 |
Total Program Service Revenue | $2,626,050 |
Investment income | $24,527 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $205 |
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 | -$312 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,757,975 |
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. | $129,436 |
Compensation of current officers, directors, key employees. | $12,944 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,289,605 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $88,732 |
Payroll taxes | $229,848 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,787 |
Fees for services: Accounting | $13,440 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $4,617 |
Advertising and promotion | $6,995 |
Office expenses | $152,614 |
Information technology | $51,951 |
Royalties | $0 |
Occupancy | $130,714 |
Travel | $122,307 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $9,134 |
Interest | $46,400 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $85,045 |
Insurance | $49,396 |
All other expenses | $0 |
Total functional expenses | $3,476,219 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,798 |
Savings and temporary cash investments | $620,144 |
Pledges and grants receivable | $1,850 |
Accounts receivable, net | $203,255 |
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 | $1,824,176 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $5,297 |
Total assets | $2,657,520 |
Accounts payable and accrued expenses | $177,612 |
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 | $728,997 |
Unsecured mortgages and notes payable | $500,000 |
Other liabilities | $55,994 |
Total liabilities | $1,462,603 |
Net assets without donor restrictions | $1,194,917 |
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 | $2,657,520 |