Simply Friends FY2022 filing

Tax-deductible

Corydon, IN501(c)(3)Since 2012Human ServicesEIN 45-4440625Revenue $9K in FY2022

On file with the IRSPo Box 39, 47112-0039 · Corydon, INTax-exempt since Apr 2014Publicly supported charity — 170(b)(1)(A)(vi)

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Collect Donated Clothing, Household Goods and other Items to sell in Flea Market Malls. Cash Donations are accepted as well. Cash Receipts/Proceeds are used to obtain food and other necessities for distribution

501(c)(3) charity; gifts are tax-deductible.
9¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $14K a year · 300% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
9%
of spending
Concern: 9% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$99K
527% of total assets
Concern: liabilities are 527% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9K
+96% vs prior year
Spent
$85K
To programs
9%
Net assets
−$80K
By yearFY2020–FY2025
Revenue
$9K
FY2022▲ +96%
Tap a bar for its year
Revenue by fiscal year
FY2020$9K
FY2021$4K
FY2022$9K
FY2023$2K
FY2024$3K
FY2025$1K
Expenses
$85K
FY2022▲ +514%
Tap a bar for its year
Expenses by fiscal year
FY2020$10K
FY2021$14K
FY2022$85K
FY2023$1K
FY2024$2K
FY2025$928
Net assets
−$80K
FY2022▼ -1888%
Tap a bar for its year
Net assets by fiscal year
FY2020$0
FY2021−$4K
FY2022−$80K
FY2023−$79K
FY2024−$78K
FY2025−$78K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2014.

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

Where the money goes

9 cents of each dollar spent went to programs.

Program services 9% · $7K Management & general 91% · $77K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Sell donated goods to fund food and necessities for those in need.

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Provided by the organization

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1 program · $7K · in their own filed words · FY2022
01

Cash & Cash Equivalent Donations total $8,706.00. Program Expenses as well as Administrative Expenses including Professional Fees and Equipment Lease Expenses and Miscellaneous Expenses totaled $1,590.

$7Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$9K
Ln 12
Other incomeLn 4–11$9K
Money outPt IX
$85K
Ln 25
Programscol B$7K
Managementcol C$77K
Owns and owesPt X
−$80K
net assets · Ln 32
Cash and savingsLn 1–2$1K
Total assetsLn 16$19K
LiabilitiesLn 26$99K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$9K
Total revenueLn 12$9K
Assets in detailPt X, end of year
CashLn 1$1K
Cash and savings togetherLn 1–2$1K
Total assetsLn 16$19K
LiabilitiesLn 26$99K
Net assetsLn 32−$80K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$23K$1K
Total assetsLn 16$46K$19K
LiabilitiesLn 26$50K$99K
Net assetsLn 32−$4K−$80K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$7K$7K
Office expensesLn 13$16$0$16$0
OccupancyLn 16$76K$0$76K$0
Other expenses (24a–d)Ln 24$1K$0$1K$0
Total functional expensesLn 25$85K$7K$77K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1K$928$97−$78K 990 PDF
FY2024 $3K$2K$942−$78K 990 PDF
FY2023 $2K$1K$888−$79K 990 PDF
FY2022 Viewing $9K$85K−$76K−$80K 990 PDF
FY2021 $4K$14K−$9K−$4K 990 PDF
FY2020 $9K$10K−$888$0 990 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 FY2022 990 (6 parts)
Part I · Summary $8,706 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $4,450$8,706
I-12 Total revenuePrior year $4,450$8,706
I-13 Grants and similar amounts paidPrior year $2,608$7,376
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $11,182$77,316
I-18 Total expensesPrior year $13,790$84,692
I-19 Revenue less expensesPrior year −$9,340−$75,986
Part VI · Governance 2 of 2 board members independent, 5 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $8,706 across 1 lines filed
Lines not itemized here account for $8,706 of total revenue; see the IRS return.
VIII-12 Total revenueRelated to mission $0 · Unrelated business $8,706 · Excluded from tax $0$8,706
Part IX · Statement of functional expenses $84,692 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $7,376$7,376
IX-13 Office expensesPrograms $0 · Management $16 · Fundraising $0$16
IX-16 OccupancyPrograms $0 · Management $75,869 · Fundraising $0$75,869
IX-24 Other expenses (24a–d)Programs $0 · Management $1,431 · Fundraising $0$1,431
IX-25 Total functional expensesPrograms $7,376 · Management $77,316 · Fundraising $0$84,692
Part X · Balance sheet $18,740 assets, 5 lines filed
Asset lines not itemized here account for $17,652; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $23,324$1,088
X-16 Total assetsStart of year $45,976$18,740
X-26 Total liabilitiesStart of year $50,000$98,750
X-32 Total net assets or fund balancesStart of year −$4,024−$80,010
X-33 Total liabilities and net assetsStart of year $45,976$18,740
Part XI · Reconciliation of net assets −$80,010 net assets at year end
XI-1 Total revenue$8,706
XI-2 Total expenses$84,692
XI-3 Revenue less expenses−$75,986
XI-4 Net assets at start of year−$4,024
XI-10 Net assets at end of year−$80,010

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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