Friendship Village Of Tempe Foundation Inc
- Assets
- $4.5m
- Revenue
- $140.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Tempe, AZ
- Founding
- 09/1987
- Data as of
- 12/2022
- EIN
- 86-0564702
Organization Overview
Friendship Village Of Tempe Foundation Inc is located in Tempe, AZ. The organization was established in 1987. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Village Of Tempe 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 12/2022, Friendship Village Of Tempe Foundation Inc generated $140.4k 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 (11.9%) each year. All expenses for the organization totaled $208.6k during the year ending 12/2022. 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
THE FOUNDATION SUPPORTS FRIENDSHIP VILLAGE OF TEMPE INC BY PROVIDING ASSISTANCE TO IMPECUNIOUS RESIDENTS AND BY PROVIDING EDUCATIONAL ASSISTANCE TO VILLAGE EMPLOYEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDING FOR PROJECTS THAT ENHANCE RESIDENT SERVICES AND IMPROVE DAILY LIVING. THESE SERVICES INCLUDE IMPROVEMENTS IN COMMON AREAS, ASSISTED LIVING DINING SERVICES, AND ADVANCED TECHNOLOGY SYSTEMS. THE FOUNDATION STRIVES TO ENHANCE RESIDENT SERVICES AND PROVIDE A COMFORTABLE HOME WITH FACILITIES THAT THE RESIDENTS ENJOY. THESE PROJECTS CAN INCLUDE PROVIDING SHADE COVERS, MISTERS, LIGHTING IMPROVEMENTS AND REPLACING EQUIPMENT UTILIZED BY ALL THE RESIDENTS.
PROVIDE FUNDING FOR PROJECTS THAT ENHANCE RESIDENT HEALTHCARE. THIS EXPENDITURE INCLUDES PROVIDING HEALTH CARE EQUIPMENT AND IMPROVEMENTS IN COMMON AREAS, RESIDENCES, AND THE NURSE PRACTITIONERS OFFICE. PROVIDE CULTURAL OPPORTUNITIES TO THE RESIDENTS BY FUNDING THE LIBRARY, MUSIC PROGRAM AND MOSAICS. PROVIDE IMPROVEMENTS THAT INCREASE THE SAFETY OF THE RESIDENTS.
FRIENDSHIP VILLAGE EMPLOYS SEVERAL LOW-INCOME EMPLOYEES WHO NEED FINANCIAL ASSISTANCE TO FURTHER THEIR EDUCATION PRIMARILY THROUGH MESA COMMUNITY COLLEGE OR ARIZONA STATE UNIVERSITY. THE VILLAGE SETS SELECTION STANDARDS WHICH ESSENTIALLY ALLOW GRANTS TO ALL EMPLOYEES WHO SUCCESSFULLY COMPLETE QUALIFYING COURSE WORK AND CERTIFICATE PROGRAMS. THIS ENABLES EMPLOYEES TO GET CERTIFICATIONS IN AREAS LIKE REFRIGERATION AND NURSING.
PROVIDING GRANTS TO RESIDENTS WHO HAVE EXPERIENCED FINANCIAL DIFFICULTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walt Blackmore Treasurer | Trustee | 5 | $0 |
Ernie Bruss Director | Trustee | 1 | $0 |
Lynn Busenbark Vice Preside | OfficerTrustee | 3 | $0 |
Elain Cain Director | Trustee | 2 | $0 |
Jon Crawford Past Preside | OfficerTrustee | 4 | $0 |
Alan Dahl Director | Trustee | 3 | $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 | $63,127 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,127 |
| Total Program Service Revenue | $0 |
| Investment income | $132,357 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$57,378 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $140,406 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $108,881 |
| Grants and other assistance to domestic individuals. | $45,120 |
| 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 | $421 |
| Fees for services: Accounting | $11,430 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,146 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,630 |
| 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 | $208,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,780 |
| Savings and temporary cash investments | $51,230 |
| 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 | $4,324,360 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,460,370 |
| 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 | $4,459,370 |
| Net assets with donor restrictions | $1,000 |
| 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 | $4,460,370 |