Friends Forever Foundation Nfp

Tax-deductible

Flossmoor, IL501(c)(3)Arts & CultureEIN 82-2246882Revenue $56K in FY2022

On file with the IRS1325 Central Park Ave, 60422-4339 · Flossmoor, ILTax-exempt since Feb 2018Publicly supported — 509(a)(2)

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To encourage non-profit organizations to focus on empowering and enabling the next generation .... Linking Lives

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Run by 6 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $21K a year · 22% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$32K
to officers and key staff · 26% of spending
Top officer’s pay higher than 88% of similar orgs
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$105
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 6 voting members
Looks good: 4 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$56K
+243% vs prior year
Spent
$127K
To programs
86%
Net assets
$9K
By yearFY2020–FY2022
Revenue
$56K
FY2022▲ +243%
Tap a bar for its year
Revenue by fiscal year
FY2020$212K
FY2021$16K
FY2022$56K
Expenses
$127K
FY2022-0.5%
Tap a bar for its year
Expenses by fiscal year
FY2020$93K
FY2021$128K
FY2022$127K
Net assets
$9K
FY2022▼ -89%
Tap a bar for its year
Net assets by fiscal year
FY2020$191K
FY2021$79K
FY2022$9K

From the FY2022 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Exemption reinstated (2017-05-15). Per the IRS revocation list. Latest filing on record: FY2022. IRS ruling in Feb 2018.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $110K Management & general 14% · $17K

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

10 people listed on the 990; $32K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director-Contractor
$30,500Pt VII · Sec A
$2,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A

Irene Brown’s $30K as Executive Director-Contractor is at the 88th percentile of top reported officer pay among 250 <$100K arts & culture 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 · 3 named individuals · Part VII

NameFY2022FY2021FY2020
Irene Brown$30,500$37,975$28,225
Shana Easterling—$37,500$16,667
Vivian Funches$2,000$1,125$1,875

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers and enables the next generation through nonprofit initiatives.

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Provided by the organization

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1 program · $110K · in their own filed words · FY2022
01

Provide financial support and collaborate with other like-minded non-profits by: Joint workshops, existing program extensions, existing program/s wrap arounds, creation of a new joint program, shared resources and shared space usage.

$110Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 8 grants · $119K · 2020–2022
Collective Initiatives INCIL · FY2022$20,000
Dream on EducationIL · FY2021$15,000
True Star Foundation INCIL · FY2020$20,000
826chi INC NfpIL · FY2020$6,500

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$56K
Ln 12
Gifts and grantsLn 1h$56K
Money outPt IX
$127K
Ln 25
Programscol B$110K
Managementcol C$17K
Owns and owesPt X
$9K
net assets · Ln 32
Cash and savingsLn 1–2$9K
Total assetsLn 16$9K
LiabilitiesLn 26$105
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$56K
Noncash giftsLn 1g$36K
Total revenueLn 12$56K
Assets in detailPt X, end of year
CashLn 1$9K
Cash and savings togetherLn 1–2$9K
Total assetsLn 16$9K
LiabilitiesLn 26$105
Net assetsLn 32$9K
OperationsPt I, VI
EmployeesI 51
VolunteersI 66
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$83K$9K
Total assetsLn 16$84K$9K
LiabilitiesLn 26$5K$105
Net assetsLn 32$79K$9K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$50K$50K
Other salaries and wagesLn 7$33K$33K$0$0
Payroll taxesLn 10$3K$3K$0$0
Accounting feesLn 11c$2K$2K$400$0
Other fees for servicesLn 11g$30K$15K$15K$0
Office expensesLn 13$478$382$96$0
TravelLn 17$3K$2K$565$0
Conferences, conventions and meetingsLn 19$5K$4K$971$0
Total functional expensesLn 25$127K$110K$17K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $56K$127K−$71K$9K 990 PDF
FY2021 $16K$128K−$111K$79K 990 PDF
FY2020 $212K$93K$119K$191K 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 $56,480 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $13,765$56,480
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $2,710$0
I-12 Total revenuePrior year $16,475$56,480
I-13 Grants and similar amounts paidPrior year $37,500$50,250
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $40,288$36,229
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $49,970$40,654
I-18 Total expensesPrior year $127,758$127,133
I-19 Revenue less expensesPrior year −$111,283−$70,653
Part VI · Governance 4 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $56,480 across 4 lines filed
VIII-1f All other contributions, gifts and grants$56,480
VIII-1g Noncash contributions (included above)$36,230
VIII-1h Total contributions, gifts and grants$56,480
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$56,480
Part IX · Statement of functional expenses $127,133 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $50,250$50,250
IX-7 Other salaries and wagesPrograms $33,333 · Management $0 · Fundraising $0$33,333
IX-10 Payroll taxesPrograms $2,896 · Management $0 · Fundraising $0$2,896
IX-11c Accounting feesPrograms $1,600 · Management $400 · Fundraising $0$2,000
IX-11g Other fees for servicesPrograms $15,250 · Management $15,250 · Fundraising $0$30,500
IX-13 Office expensesPrograms $382 · Management $96 · Fundraising $0$478
IX-17 TravelPrograms $2,262 · Management $565 · Fundraising $0$2,827
IX-19 Conferences, conventions and meetingsPrograms $3,878 · Management $971 · Fundraising $0$4,849
IX-25 Total functional expensesPrograms $109,851 · Management $17,282 · Fundraising $0$127,133
Part X · Balance sheet $8,708 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $82,685$8,708
X-4 Accounts receivableStart of year $750$0
X-9 Prepaid expenses and deferred chargesStart of year $382$0
X-16 Total assetsStart of year $83,817$8,708
X-17 Accounts payable and accrued expensesStart of year $4,561$105
X-26 Total liabilitiesStart of year $4,561$105
X-27 Net assets without donor restrictionsStart of year $79,256$8,603
X-32 Total net assets or fund balancesStart of year $79,256$8,603
X-33 Total liabilities and net assetsStart of year $83,817$8,708
Part XI · Reconciliation of net assets $8,603 net assets at year end
XI-1 Total revenue$56,480
XI-2 Total expenses$127,133
XI-3 Revenue less expenses−$70,653
XI-4 Net assets at start of year$79,256
XI-10 Net assets at end of year$8,603

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

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