Friendship Foundation Inc

Organization Overview

Friendship Foundation Inc is located in Glendale, AZ. The organization was established in 1988. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, 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. Friendship Foundation 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, Friendship Foundation Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $289.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

FRIENDSHIP FOUNDATION, INC. WILL PLAN AND IMPLEMENT STRATEGIES TO RAISE FUNDS FOR NEEDS IDENTIFIED BY FRIENDSHIP RETIREMENT CORPORATION, AND WILL WORK TO RAISE THE AWARENESS OF GLENCROFT - ITS MINISTRY, PROGRAMS, AND SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ASSIST SENIORS AT FRIENDSHIP RETIREMENT CORPORATION WITH FINANCIAL SUPPORT ASSISTED FRIENDSHIP RETIREMENT CORPORATION AND AFFILIATES WITH FUNDING FOR PROGRAM SUPPORT TO PROVIDE SERVICES TO OVER 720 SENIORS.ASSIST EMPLOYEES OF FRIENDSHIP RETIREMENT CORPORATION WITH FINANCIAL ASSISTANCE AND SCHOLARSHIP SUPPORT.


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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$356,595
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$356,595
Total Program Service Revenue$0
Investment income $165,225
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $878,475
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,400,295

Grants Awarded

Over the last fiscal year, Friendship Foundation Inc has awarded $408,691 in support to 2 organizations.

Grant RecipientAmount

FRIENDSHIP RETIREMENT CORPORATION

Org PageRecipient Profile

Glendale, AZ

PURPOSE: ASSISTANCE WITH PROGRAMS FOR THE ELDERLY

$381,319

Glendale, AZ

PURPOSE: ASSISTANCE WITH PROGRAMS FOR THE ELDERLY

$27,372
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Friendship Foundation Inc has recieved totaling $120.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$120
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,373,434
Earnings$732,533
Net Contributions$3,100
Other Expense$15,080
Ending Balance$5,093,987

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