Friendly Connections INC FY2020 filing

Tax-deductible

Holmdel, NJ501(c)(3)Diseases & DisordersEIN 83-2256860Revenue $676K in FY2020

On file with the IRSfriendlyconnections.net10 Crawfords Corner Rd Unit 785, 07733-8033 · Holmdel, NJTax-exempt since Feb 2019Publicly supported — 509(a)(2)

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We are a family company that helps connect families and individuals with our friendly professionals. We have Coaching Services handled by our Direct Support Professionals (DSPs) in Supported Employment, Pre-Vocational Training, Community Inclusion Services, Individual Supports, Career Planning, and Community Based Supports; working with people with and without disabilities, such as autism. We are Friendly Connections, Inc. based in New Jersey (NJ)We offer social services, namely, companionship services for disabled and elderly persons, and dementia patients.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$72K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
2 of 5
filings with a surplus
Average surplus $93K a year · 10% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 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
$72K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $27
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$676K
Spent
$550K
To programs
90%
Net assets
$181K
By yearFY2020–FY2024
Revenue
$676K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$676K
FY2021$675K
FY2022$1.3M
FY2023$1.1M
FY2024$995K
Expenses
$550K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$550K
FY2021$705K
FY2022$743K
FY2023$1.1M
FY2024$1.2M
Net assets
$181K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$181K
FY2021$53K
FY2022$636K
FY2023$571K
FY2024$417K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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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 Feb 2019.

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% · $493K Management & general 10% · $57K

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

4 people listed on the 990; $72K paid to officers and key staff.

Part VII, Section A · reportable compensation
$51,025Pt VII · Sec A
Board Member
$21,169Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

David Kaiserman’s $98K as President is at the 77th percentile of top reported officer pay among 901 $100K–1M diseases & disorders 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
David Kaiserman$98,207$83,799$38,771$28,520$51,025
Jennifer Young————$21,169

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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Connects families and individuals with friendly professionals for coaching, training, and community inclusion.

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Provided by the organization

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1 program · $493K · in their own filed words · FY2020
01

We are a family company that helps connect families and individuals with our friendly professionals. We have Coaching Services handled by our Direct Support Professionals (DSPs) in Supported Employment, Pre-Vocational Training, Community Inclusion Services, Individual Supports, Career Planning, and Community Based Supports; working with…

$493Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$27

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$676K
Ln 12
Gifts and grantsLn 1h$621K
Other incomeLn 4–11$55K
Investment incomeLn 3$56
Money outPt IX
$550K
Ln 25
Programscol B$493K
Managementcol C$57K
Owns and owesPt X
$181K
net assets · Ln 32
Cash and savingsLn 1–2$191K
Total assetsLn 16$191K
LiabilitiesLn 26$11K
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$621K
Government grantsLn 1e$10K
Investment incomeLn 3$56
Other incomeLn 4–11$55K
Gains on assetsLn 7$0
Total revenueLn 12$676K
Assets in detailPt X, end of year
CashLn 1$91K
SavingsLn 2$100K
Cash and savings togetherLn 1–2$191K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$400
Total assetsLn 16$191K
LiabilitiesLn 26$11K
Net assetsLn 32$181K
OperationsPt I, VI
EmployeesI 548
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 FY20End FY20
Cash and savingsLn 1–2$65K$191K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$65K$191K
LiabilitiesLn 26$10K$11K
Net assetsLn 32$55K$181K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$72K$72K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$362K$362K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$48K$48K
Management feesLn 11a$0
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$143$143
Advertising and promotionLn 12$12K$12K
Office expensesLn 13$0
Information technologyLn 14$6K$6K
RoyaltiesLn 15$0
OccupancyLn 16$1K$1K
TravelLn 17$1K$1K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$18K$18K
Other expenses (24a–d)Ln 24$11K$7K$5K
All other expensesLn 24e$5K$3K$1K
Total functional expensesLn 25$550K$493K$57K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $995K$1.2M−$164K$417K 990 PDF
FY2023 $1.1M$1.1M−$52K$571K 990 PDF
FY2022 $1.3M$743K$584K$636K 990 PDF
FY2021 $675K$705K−$30K$53K 990 PDF
FY2020 Viewing $676K$550K$126K$181K 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 $675,597 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $387,839$620,941
I-9 Program service revenue$0
I-10 Investment incomePrior year $6$56
I-11 Other revenue$54,600
I-12 Total revenuePrior year $387,845$675,597
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $305,709$482,684
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $27,670$66,824
I-18 Total expensesPrior year $333,379$549,508
I-19 Revenue less expensesPrior year $54,466$126,089
Part VI · Governance 0 of 3 board members independent, 5 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
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 $675,597 across 10 lines filed
VIII-1e Government grants$10,000
VIII-1f All other contributions, gifts and grants$610,941
VIII-1h Total contributions, gifts and grants$620,941
VIII-3 Investment incomeRelated to mission $56$56
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $54,600$54,600
VIII-12 Total revenueRelated to mission $56 · Excluded from tax $54,600$675,597
Part IX · Statement of functional expenses $549,508 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $72,194$72,194
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $362,009$362,009
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $48,481$48,481
IX-11a Management fees$0
IX-11b Legal feesManagement $10,460$10,460
IX-11c Accounting feesManagement $2,050$2,050
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $143$143
IX-12 Advertising and promotionManagement $12,008$12,008
IX-13 Office expenses$0
IX-14 Information technologyManagement $5,818$5,818
IX-15 Royalties$0
IX-16 OccupancyManagement $1,444$1,444
IX-17 TravelManagement $1,087$1,087
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $17,619$17,619
IX-24 Other expenses (24a–d)Programs $6,766 · Management $4,586$11,352
IX-24e All other expensesPrograms $3,372 · Management $1,471$4,843
IX-25 Total functional expensesPrograms $492,822 · Management $56,686 · Fundraising $0$549,508
Part X · Balance sheet $191,474 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $54,673$90,598
X-2 Savings and temporary cash investmentsStart of year $10,098$100,476
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$400
X-16 Total assetsStart of year $64,771$191,474
X-25 Other liabilitiesStart of year $178$792
X-26 Total liabilitiesStart of year $10,178$10,792
X-27 Net assets without donor restrictionsStart of year $54,593$180,682
X-32 Total net assets or fund balancesStart of year $54,593$180,682
X-33 Total liabilities and net assetsStart of year $64,771$191,474
Part XI · Reconciliation of net assets $180,682 net assets at year end
XI-1 Total revenue$675,597
XI-2 Total expenses$549,508
XI-3 Revenue less expenses$126,089
XI-4 Net assets at start of year$54,593
XI-10 Net assets at end of year$180,682

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

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