Friendly Heart Foundation
- Assets
- $972.6k
- Revenue
- $117.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Vancouver, WA
- Founding
- 09/2017
- Data as of
- 12/2023
- EIN
- 81-4791527
Organization Overview
Friendly Heart Foundation is located in Vancouver, WA. The organization was established in 2017. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendly Heart Foundation 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, Friendly Heart Foundation generated $117.5k 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 (34.6%) each year. All expenses for the organization totaled $175.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Friendly Heart Foundation has awarded 80 individual grants totaling $1,071,111. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSOR RETREAT FOR REFUGEE AND OTHER NEEDS-BASED CHILDREN AND ADULTS. IN 2023, SPONSORED 83 CHILDREN AND 22 ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marina Rizhkov President | 1 | $0 | |
Inna Nesterenco Vice President & Treasurer | 1 | $0 | |
Yuliya Izotov Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $117,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $117,500 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,420 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $98 |
| Printing and publications | $0 |
| Other expenses | $32,337 |
| Total operating and administrative expenses | $51,854 |
| Contributions, gifts, grants paid | $123,254 |
| Total expenses and disbursements | $175,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $972,566 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $972,566 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Friendly Heart Foundation has awarded $123,254 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
NELC SCHOOL FOR THE BLIND PURPOSE: SUPPORTING SCHOOL FOR BLIND KIDS | $8,100 |
US EVANGELICAL BAPTIST CHURCH PURPOSE: HELP FOR UKRAINE | $10,000 |
OLEKSANDRA KAZACHENKO PURPOSE: FINANCIAL HELP FOR SINGLE MOM WITH SMALL KIDS | $24,200 |
NATALIYA ROMASHCHENKO PURPOSE: FINANCIAL HELP DURING LOSS OF HUSBAND, SMALL KIDS | $24,000 |
NATALYA ROPALO PURPOSE: RECENT WIDOW, DISABLED/SICK CHILD | $12,000 |
CRISTINA MIU PURPOSE: FINANCIAL HELP DURING LOSS OF HUSBAND | $7,500 |