Friends Of Edtf Inc
- Assets
- $5.3m
- Revenue
- $932.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Plano, TX
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 83-2100439
Organization Overview
Friends Of Edtf Inc is located in Plano, TX. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Edtf 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 Of Edtf Inc generated $932.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.1% each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FRIENDS OF EDTF INC FEDTF IS ESTABLISHED TO MOBILIZE VOLUNTARY CONTRIBUTIONS FROM ETHIOPIAN DIASPORA AND OTHERS WHO WISH TO SUPPORT FEDTF TO FUND THE ETHIOPIAN DIASPORA TRUST FUND EDTF IN ETHIOPIA THAT WILL FINANCE PEOPLE-FOCUSED SOCIAL AND ECONOMIC DEVELOPMENT PROJECTS IN VARIOUS REGIONS OF ETHIOPIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THIS PUBLIC CHARITY CONTINUED TO FUND THE PREVIOUS FIVE PROJECTS IT DID IN 2020. IT HAS ALSO FUNDED THE PURCHASE AND DELIVERY OF ADDITIONAL COVID-19 RELATEED PERSONAL PROTECTION EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Gabriel Negatu President | OfficerTrustee | 5 | $0 |
Lulite Ejigu Treasurer | OfficerTrustee | 5 | $0 |
Dr Mena Demessie Secretary | OfficerTrustee | 5 | $0 |
Dr Zaki Sherif Trustee | Trustee | 1 | $0 |
Henok Tesfaye Trustee | Trustee | 1 | $0 |
Kassahun Kebede Trustee | 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 | $925,777 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $925,777 |
| Total Program Service Revenue | $0 |
| Investment income | $6,674 |
| 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 | $932,451 |
| 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 | $728,301 |
| 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 | $425 |
| Fees for services: Accounting | $9,212 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25 |
| Advertising and promotion | $333 |
| Office expenses | $6,508 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $783,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $968,204 |
| Savings and temporary cash investments | $4,318,735 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,286,939 |
| 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 | $1 |
| Total liabilities | $1 |
| Net assets without donor restrictions | $113,760 |
| Net assets with donor restrictions | $5,173,178 |
| 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 | $5,286,939 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Friends Of Edtf Inc has recieved totaling $34,248.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $10,436 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $10,436 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,688 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,688 |
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|---|---|---|
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El Centro Del Barrio Inc San Antonio, TX | $91,252,083 | $101,246,096 |
Community Action Project Of Tulsa County Inc Tulsa, OK | $75,774,694 | $60,674,476 |
St Hope Foundation Inc Houston, TX | $24,463,545 | $68,716,621 |
South Plains Community Action Association Inc Levelland, TX | $29,457,762 | $62,394,779 |
Community Action Corporation Of South Texas Alice, TX | $17,286,971 | $61,888,354 |
Catholic Charities Of Dallas Inc Dallas, TX | $38,189,744 | $60,557,267 |
Goodwill Industries Of San Antonio Contract Services San Antonio, TX | $23,203,084 | $40,622,954 |
Texas Pregnancy Care Network Austin, TX | $10,724,863 | $36,961,915 |
West Texas Opportunities Lamesa, TX | $6,432,231 | $36,739,532 |
Catholic Charities Diocese Of Fort Worth Fort Worth, TX | $33,220,571 | $32,415,025 |
Louisiana United Methodist Children And Family Services Inc Ruston, LA | $89,566,145 | $35,567,717 |