Girl Friends Fund Inc
- Assets
- $715.3k
- Revenue
- $35.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Richardson, TX
- Founding
- 06/1989
- Data as of
- 06/2022
- EIN
- 75-2276144
Organization Overview
Girl Friends Fund Inc is located in Richardson, TX. The organization was established in 1989. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Girl Friends Fund 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 06/2022, Girl Friends Fund Inc generated $35.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $92.8k during the year ending 06/2022. 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
TO PROVIDE FINANCIAL ASSISTANCE TO WORTHY YOUTH. THE SCHOLARSHIP FUND ASSUMES THE TASKS OF PROMOTING ACHIEVEMENT AND ENCOURAGE EXCEPTIONAL STUDENTS WHO SEEK PROFESSIONAL BUSINESS OR TECHNICAL AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NINE SCHOLARSHIPS WERE AWARDED THROUGH THE GIRL FRIENDS FUND THIS FISCAL YEAR AT $1,000 EACH. 36 SCHOLARS RECEIVED $1,500 EACH. ONE SCHOLAR WAS AWARDED $3,000, FOR A TOTAL OF 46 AWARDED SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Parker Treasurer | OfficerTrustee | 5 | $0 |
Marie Latham Bush President | OfficerTrustee | 5 | $0 |
Tamara Turnley Robinson Financial Secretary | OfficerTrustee | 5 | $0 |
Emily Monago Secretary | OfficerTrustee | 2 | $0 |
Roslyn Thibodeaux Goodall Vice President | OfficerTrustee | 2 | $0 |
Jacqueline Randolph Asst Secretary | OfficerTrustee | 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 | $127,197 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,197 |
| Total Program Service Revenue | $0 |
| Investment income | $26,968 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$114,921 |
| Net Income from Fundraising Events | -$4,050 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,194 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $81,000 |
| 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 | $1,020 |
| 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 | $6,392 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $435 |
| 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 | $687 |
| All other expenses | $0 |
| Total functional expenses | $92,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,809 |
| Savings and temporary cash investments | $493 |
| 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 | $511,031 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $715,333 |
| 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 | $715,333 |
| 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 | $715,333 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Girl Friends Fund Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Ascension Health Alliance St Louis, MO PURPOSE: General Support | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hispanic Association Of Colleges And Universities San Antonio, TX | $14,909,180 | $14,551,149 |
Passages America Israel Inc Allen, TX | $8,997,691 | $7,060,714 |
Extend-A-Care Inc Austin, TX | $4,350,683 | $9,102,758 |
Educate Girls Austin, TX | $42,960,470 | $14,126,525 |
Evolution Acadamy Richardson, TX | $15,542,643 | $6,925,248 |
Oklahoma Public School Resource Center Inc Oklahoma City, OK | $4,660,216 | $8,536,647 |
Prime Time Family Reading New Orleans, LA | $2,481,247 | $6,549,424 |
Education Explosion Inc Baker, LA | $3,387,408 | $6,209,452 |
Voices For International Business & Education New Orleans, LA | $1,902,428 | $5,951,946 |
Etoile Academy Inc Houston, TX | $2,573,808 | $5,883,620 |
New Harmony High Institute New Orleans, LA | $1,996,548 | $5,610,284 |
Military Child Education Coalition Harker Heights, TX | $6,140,350 | $5,465,569 |