Libbys Friends
- Assets
- $192.0k
- Revenue
- $331.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Mountain Brook, AL
- Founding
- Data as of
- 12/2022
- EIN
- 84-4959437
Organization Overview
Libbys Friends is located in Mountain Brook, AL. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Libbys Friends 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 12/2022, Libbys Friends generated $331.2k in total revenue. All expenses for the organization totaled $175.0k during the year ending 12/2022. While expenses have increased by 69.7% per year over the past 2 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE KNOW FIRST HAND HOW EXPENSIVE IT IS TO RAISE A CHILD WITH SPECIAL NEEDS. WHEELCHAIRS, ADAPTIVE EQUIPMENT, AND THERAPIES CAN RUN THOUSANDS OF DOLLARS AND ARE NOT ALWAYS FULLY COVERED BY INSURANCE. WHILE WE ARE VERY THANKFUL FOR INSURANCE, THERE IS A GAP IN COVERAGE WHERE THESE THINGS ARE EITHER NOT COVERED AT ALL OR THE DEDUCTIBLES AND COPAYS PUT ADDED STRESS TO AN ALREADY DIFFICULT SITUATION. OUR GOAL IS TO ASSIST FAMILIES WHO ARE IN THIS FINANCIAL GAP. LET US TAKE SOME OF THE BURDEN OFF OF YOUR SHOULDERS SO YOU CAN ENJOY LIFE WITH YOUR INCREDIBLY SPECIAL FAMILY MEMBER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMOUNTS PAID ON BEHALF OF FAMILIES IN 2022, ASSISTING IN THE MEDICAL CARE FOR FAMILIES IN NEED.
COMPENSATION PAID TO EXECUTIVE DIRECTOR FOR WORK PERFORMED IN REVIEWING AND APPROVING ASSISTANCE PROVIDED TO FAMILIES BY THE ORGANIZATION
GRANTS AND DONATIONS TO OTHER NON-PROFITS WITH SIMILAR MISSIONS TO LIBBY'S FRIENDS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lane Hagan Executive Dir. | OfficerTrustee | 30 | $15,000 |
Kyle Conrad President | OfficerTrustee | 2 | $0 |
Jamie Moncus Director | Trustee | 2 | $0 |
Kristi Renneker Secretary | OfficerTrustee | 2 | $0 |
Emily Clifford Treasurer | OfficerTrustee | 2 | $0 |
Rachel Olis Vice President | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $330,583 |
| Investment income | $630 |
| 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 | $331,213 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,001 |
| Grants and other assistance to domestic individuals. | $124,892 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $15,000 |
| Compensation of current officers, directors, key employees. | $1,000 |
| 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 | $1,047 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,229 |
| Office expenses | $2,037 |
| Information technology | $207 |
| 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 | $208 |
| All other expenses | $0 |
| Total functional expenses | $175,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,032 |
| Savings and temporary cash investments | $0 |
| 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 | $192,032 |
| 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 | $192,032 |
| 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 | $192,032 |