Friends for Life

Tax-deductible

Waco, TX501(c)(3)Since 1989HospitalsEIN 74-2550748Revenue $4.7M in FY2025

On file with the IRSfriendsforlife.org5000 Lakewood Dr, 76710-2921 · Waco, TXTax-exempt since Dec 1989Publicly supported charity — 170(b)(1)(A)(vi)

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Friends for Life helps seniors and people with disabilities live as independently as possible.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 722 volunteers and 135 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
4 of 6
filings with a surplus
Average surplus $257K a year · 7% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$216K
to officers and key staff · 5% of spending
Top officer’s pay lower than 82% of similar orgs
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $186K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.7M
-1% vs prior year
Spent
$4.5M
To programs
90%
Net assets
$2.3M
By yearFY2020–FY2025
Revenue
$4.7M
FY2025▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.9M
FY2021$3.2M
FY2022$3.1M
FY2023$3.8M
FY2024$4.8M
FY2025$4.7M
Expenses
$4.5M
FY2025▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.1M
FY2021$2.7M
FY2022$3.2M
FY2023$3.5M
FY2024$3.9M
FY2025$4.5M
Net assets
$2.3M
FY2025▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$526K
FY2021$946K
FY2022$913K
FY2023$1.2M
FY2024$2.1M
FY2025$2.3M

From the FY2025 Form 990 (year ending August 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1989.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $4.1M Management & general 8% · $366K Fundraising 2% · $100K

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

14 people listed on the 990; $216K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$93,083Pt VII · Sec A
$62,998Pt VII · Sec A
Program Officer
$59,920Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Inez Russell’s $93K as Executive Director is at the 18th percentile of top reported officer pay among 3128 $1–10M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Inez Russell$93,083$82,417$78,357$70,113$68,298$59,763
Carla Hines$62,998$53,646$45,036$39,683$41,111$12,087
Carey Amthor$59,920$13,520————
Christopher Cobb——$36,699$52,591$54,771—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Supports elderly and disabled individuals to live independently and cares for those unable to help themselves.

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Provided by the organization

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3 programs · $3.1M · in their own filed words · FY2024
01

Registered Professional Guardianship

Served as legal guardian for 570 elderly and people with disabilities who had been victims of abuse, neglect or exploitation. Located safe places for them to reside and made sure they had food, medical care, etc.

$1.6Mprogram expense
02

Adult Day Care

Operation of an adult day care center serving 139 individuals. The center is open from 7:30AM to 6:00PM monday through friday and provides nursing care, meals, transportation, activities, social interaction, exercise programs, and more.

$984Kprogram expense
03

Life Skills Training

A one-on-one program in which staff work individually with clients who have developmental disabilities, teaching them skills to help them be more independent within the facility setting and possibly assisting with their move back into the community. Approximately 150 individuals were served in this program.

$580Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$186K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$4.7M
Ln 12
Fees for servicesLn 2g$3.2M
Gifts and grantsLn 1h$1.5M
Investment incomeLn 3$23K
Money outPt IX
$4.5M
Ln 25
Programscol B$4.1M
Managementcol C$366K
Fundraisingcol D$100K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$170K
Total assetsLn 16$3.7M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
14
listed · VII A
PaidVII A3
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Noncash giftsLn 1g$108K
Fundraising eventsLn 1c$16K
Fees for servicesLn 2g$3.2M
Investment incomeLn 3$23K
Other incomeLn 4–11$9K
Total revenueLn 12$4.7M
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$167K
Cash and savings togetherLn 1–2$170K
Land, buildings, equipmentLn 10c$2.9M
Other assetsLn 15$11K
Total assetsLn 16$3.7M
LiabilitiesLn 26$1.4M
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 5135
VolunteersI 6722
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$669K$170K
Land, buildings, equipmentLn 10c$2.6M$2.9M
Total assetsLn 16$3.5M$3.7M
LiabilitiesLn 26$1.5M$1.4M
Net assetsLn 32$2.1M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$216K$194K$22K
Other salaries and wagesLn 7$3.0M$2.8M$168K$84K
Other employee benefitsLn 9$151K$134K$17K
Payroll taxesLn 10$218K$200K$13K$6K
Legal feesLn 11b$11K$11K
Accounting feesLn 11c$10K$4K$6K
Other fees for servicesLn 11g$3K$2K$656$289
Advertising and promotionLn 12$5K$3K$1K$468
Office expensesLn 13$151K$120K$29K$2K
Information technologyLn 14$68K$46K$15K$7K
OccupancyLn 16$146K$120K$24K$2K
TravelLn 17$146K$142K$4K
Conferences, conventions and meetingsLn 19$23K$18K$5K
InterestLn 20$59K$30K$28K
Depreciation, depletion and amortizationLn 22$106K$100K$6K
InsuranceLn 23$66K$40K$25K
Other expenses (24a–d)Ln 24$158K$157K$821
Total functional expensesLn 25$4.5M$4.1M$366K$100K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $4.7M$4.5M$199K$2.3M 990 PDF
FY2024 $4.8M$3.9M$860K$2.1M 990 PDF
FY2023 $3.8M$3.5M$282K$1.2M 990 PDF
FY2022 $3.1M$3.2M−$32K$913K 990 PDF
FY2021 $3.2M$2.7M$420K$946K 990 PDF
FY2020 $2.9M$3.1M−$187K$526K 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 FY2025 990 (6 parts)
Part I · Summary $4,737,075 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,908,499$1,506,996
I-9 Program service revenuePrior year $2,848,483$3,197,994
I-10 Investment incomePrior year $27,167$23,236
I-11 Other revenuePrior year $22,849$8,849
I-12 Total revenuePrior year $4,806,998$4,737,075
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,137,201$3,586,122
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $809,485$951,528
I-18 Total expensesPrior year $3,946,686$4,537,650
I-19 Revenue less expensesPrior year $860,312$199,425
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,737,075 across 10 lines filed
Lines not itemized here account for $45,912 of total revenue; see the IRS return.
VIII-1c Fundraising events$15,797
VIII-1f All other contributions, gifts and grants$1,491,199
VIII-1g Noncash contributions (included above)$107,933
VIII-1h Total contributions, gifts and grants$1,506,996
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,152,762$3,152,762
VIII-3 Investment incomeExcluded from tax $23,236$23,236
VIII-6 Net rental income or lossExcluded from tax $10$10
VIII-8 Net income from fundraising eventsExcluded from tax $5,082$5,082
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,077$3,077
VIII-12 Total revenueRelated to mission $3,197,994 · Unrelated business $0 · Excluded from tax $32,085$4,737,075
Part IX · Statement of functional expenses $4,537,650 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $194,401 · Management $21,600$216,001
IX-7 Other salaries and wagesPrograms $2,750,115 · Management $167,532 · Fundraising $83,607$3,001,254
IX-9 Other employee benefitsPrograms $133,651 · Management $17,151$150,802
IX-10 Payroll taxesPrograms $199,578 · Management $12,820 · Fundraising $5,667$218,065
IX-11b Legal feesPrograms $10,958$10,958
IX-11c Accounting feesPrograms $4,000 · Management $6,250$10,250
IX-11g Other fees for servicesPrograms $2,052 · Management $656 · Fundraising $289$2,997
IX-12 Advertising and promotionPrograms $3,329 · Management $1,064 · Fundraising $468$4,861
IX-13 Office expensesPrograms $120,256 · Management $29,421 · Fundraising $1,815$151,492
IX-14 Information technologyPrograms $46,318 · Management $14,813 · Fundraising $6,514$67,645
IX-16 OccupancyPrograms $119,777 · Management $24,449 · Fundraising $1,733$145,959
IX-17 TravelPrograms $141,515 · Management $4,063$145,578
IX-19 Conferences, conventions and meetingsPrograms $17,765 · Management $5,224$22,989
IX-20 InterestPrograms $30,438 · Management $28,485$58,923
IX-22 Depreciation, depletion and amortizationPrograms $100,231 · Management $5,893$106,124
IX-23 InsurancePrograms $40,482 · Management $25,489$65,971
IX-24 Other expenses (24a–d)Programs $156,960 · Management $821$157,781
IX-25 Total functional expensesPrograms $4,071,826 · Management $365,731 · Fundraising $100,093$4,537,650
Part X · Balance sheet $3,684,608 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,361$3,210
X-2 Savings and temporary cash investmentsStart of year $667,666$167,158
X-3 Pledges and grants receivable$99,000
X-4 Accounts receivableStart of year $266,219$481,876
X-10c Land, buildings and equipment, netStart of year $2,588,493$2,922,383
X-15 Other assetsStart of year $5,297$10,981
X-16 Total assetsStart of year $3,529,036$3,684,608
X-17 Accounts payable and accrued expensesStart of year $226,410$211,792
X-24 Unsecured notes and loans payableStart of year $500,000$502,842
X-25 Other liabilitiesStart of year $80,979$113,934
X-26 Total liabilitiesStart of year $1,473,807$1,429,954
X-27 Net assets without donor restrictionsStart of year $2,055,229$2,254,654
X-32 Total net assets or fund balancesStart of year $2,055,229$2,254,654
X-33 Total liabilities and net assetsStart of year $3,529,036$3,684,608
Part XI · Reconciliation of net assets $2,254,654 net assets at year end
XI-1 Total revenue$4,737,075
XI-2 Total expenses$4,537,650
XI-3 Revenue less expenses$199,425
XI-4 Net assets at start of year$2,055,229
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,254,654

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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