930 Friends FY2020 filing

Tax-deductible

Memphis, TN501(c)(3)Medical ResearchEIN 20-8410999Revenue $17K in FY2020

On file with the IRS655 S Riverside Dr Apt 601, 38103-4640 · Memphis, TNTax-exempt since Apr 2008Publicly supported charity — 170(b)(1)(A)(vi)

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930 Friends was incorporated in 2007 to develop and manage collaborations between church health center's eye care clinic and other tax-exempt organizations. These collaborations increase beneficial capacity to treat eye disease and to foster research for the prevention of blindness.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $49K a year · 125% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 11.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $35K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$17K
Spent
$123K
To programs
100%
Net assets
$785K
By yearFY2020–FY2024
Revenue
$17K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$17K
FY2021$30K
FY2022$29K
FY2023$60K
FY2024$62K
Expenses
$123K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$123K
FY2021$66K
FY2022$117K
FY2023$78K
FY2024$59K
Net assets
$785K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$785K
FY2021$1.0M
FY2022$698K
FY2023$521K
FY2024$558K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $123K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops and manages collaborations to increase eye care capacity and foster blindness prevention research.

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Provided by the organization

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1 program · $123K · in their own filed words · FY2020
01

Supporting organizations and collaborations between organizations that provide eye care health services to individuals with little or no access to healthcare that foster physical, emotional and spiritual well-being among patients, participants, families and the community at large.

$123Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$35K
Grants paid · 10 grants · $366K · 2020–2024
Hamilton Eye InstituteFY2024$28,690
University of TennesseeFY2023$39,927
World Cataract FoundationTN · FY2023$25,530
University of TennesseeFY2022$100,000
World Cataract FoundationTN · FY2021$25,000
World Cataract FoundationTN · FY2020$25,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$17K
Ln 12
Investment incomeLn 3$17K
Money outPt IX
$123K
Ln 25
Programscol B$123K
Owns and owesPt X
$785K
net assets · Ln 32
Cash and savingsLn 1–2$113K
Total assetsLn 16$785K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$17K
Gains on assetsLn 7$3K
Total revenueLn 12$17K
Assets in detailPt X, end of year
CashLn 1$113K
Cash and savings togetherLn 1–2$113K
InvestmentsLn 11–13$652K
Land, buildings, equipmentLn 10c$21K
Total assetsLn 16$785K
LiabilitiesLn 26$0
Net assetsLn 32$785K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$217K$113K
InvestmentsLn 11–13$715K$652K
Land, buildings, equipmentLn 10c$28K$21K
Total assetsLn 16$960K$785K
LiabilitiesLn 26$0$0
Net assetsLn 32$960K$785K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$109K$109K
Accounting feesLn 11c$3K$3K
Investment management feesLn 11f$972$972
Office expensesLn 13$2K$2K
Depreciation, depletion and amortizationLn 22$7K$7K
Other expenses (24a–d)Ln 24$592$592
Total functional expensesLn 25$123K$123K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $62K$59K$3K$558K 990 PDF
FY2023 $60K$78K−$18K$521K 990 PDF
FY2022 $29K$117K−$88K$698K 990 PDF
FY2021 $30K$66K−$36K$1.0M 990 PDF
FY2020 Viewing $17K$123K−$106K$785K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $17,001 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,000$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$21,847$17,001
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year −$16,847$17,001
I-13 Grants and similar amounts paidPrior year $41,265$108,995
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $26,173$14,015
I-18 Total expensesPrior year $67,438$123,010
I-19 Revenue less expensesPrior year −$84,285−$106,009
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $17,001 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $13,863$13,863
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,138$3,138
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $17,001$17,001
Part IX · Statement of functional expenses $123,010 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $108,995$108,995
IX-11c Accounting feesPrograms $2,940$2,940
IX-11f Investment management feesPrograms $972$972
IX-13 Office expensesPrograms $2,065$2,065
IX-22 Depreciation, depletion and amortizationPrograms $7,446$7,446
IX-24 Other expenses (24a–d)Programs $592$592
IX-25 Total functional expensesPrograms $123,010 · Management $0 · Fundraising $0$123,010
Part X · Balance sheet $785,060 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $217,252$112,779
X-10c Land, buildings and equipment, netStart of year $28,164$20,718
X-12 Other securitiesStart of year $714,726$651,563
X-16 Total assetsStart of year $960,142$785,060
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $960,142$785,060
X-32 Total net assets or fund balancesStart of year $960,142$785,060
X-33 Total liabilities and net assetsStart of year $960,142$785,060
Part XI · Reconciliation of net assets $785,060 net assets at year end
XI-1 Total revenue$17,001
XI-2 Total expenses$123,010
XI-3 Revenue less expenses−$106,009
XI-4 Net assets at start of year$960,142
XI-5 Net unrealized gains (losses) on investments−$69,073
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$785,060

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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