Overview
What is The Friendship Foundation?
The Friendship Foundation, located in Redondo Beach, California, is a nonprofit organization dedicated to supporting parents and families with children having special needs. With a belief in the inherent worth and capabilities of every individual, the foundation raises funds to sustain its programs and invest in a capital campaign for the construction of a 64,000-square-foot facility. This future home will house the foundation's staff, programs, transition programs, and a state-of-the-art vocational training program. The vocational training program aims to equip individuals with special needs with job skills and life skills, ultimately preparing them for independent living and self-sufficiency.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Friendship Foundation has earned an 83% rating from Charity Navigator, reflecting a solid performance in accountability and finance. This rating indicates a strong commitment to transparency and responsible financial management, essential qualities for donor trust and organizational effectiveness. The charity's score primarily pertains to its accountability practices, demonstrating a well-structured governance system.
One notable strength is the foundation's independent board, composed entirely of independent members, which fosters unbiased decision-making and effective oversight. With no material diversion of assets and a conflict of interest policy in place, The Friendship Foundation showcases a commitment to ethical practices. Additionally, high program expense ratios and low fundraising costs indicate that a significant portion of donations is directed towards its mission.
However, the charity's financial ratios, while strong, suggest some areas for improvement, particularly in the liabilities to assets ratio, which stands at 42.26%. While this is manageable, it indicates the need for ongoing attention to financial health. Overall, The Friendship Foundation appears to operate effectively, but potential donors should consider these aspects when evaluating their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is The Friendship Foundation legitimate?
The Friendship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Friendship Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $48,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $474,417
For more financial information, click here
What is the mission statement of The Friendship Foundation?
The Friendship Foundation's mission is centered around supporting families with children having special needs. Underlying this mission is the belief that every individual, regardless of their abilities, holds inherent value and is capable of experiencing love, connection, and friendship. The foundation aims to accomplish this mission by providing necessary support to these families. They have raised funds to sustain their programs and have initiated a capital campaign for the construction of a 64,000 square foot facility. This facility will house the foundation's staff, programs, transition programs, and a state-of-the-art vocational training program. The primary objective of this program is to equip individuals with special needs with job skills and life skills, ultimately preparing them for independent living and self-sufficiency.
Who is the CEO of The Friendship Foundation?
Joseph Mintz is the President of The Friendship Foundation.
What is the revenue of The Friendship Foundation?
The Friendship Foundation's revenue in 2022 was $7,048,650.
Who are the executives of The Friendship Foundation and what are their salaries?
The average compensation at The Friendship Foundation during 2022 was $29,023. There are 18 employees and 2500 volunteers at The Friendship Foundation.
Here are 8 key members and their salaries:
- Compensation: $48,000
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Friendship Foundation?
The Friendship Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Friendship Foundation
The Friendship Foundation, a nonprofit organization, is dedicated to supporting parents and families who have children with special needs. Their mission is rooted in the belief that every individual, regardless of their abilities, is precious, deserving of love, connection, and friendship. The foundation aims to provide assistance to these families, offering them the resources and support they need to navigate the challenges that come with raising a child with special needs.
In line with their mission, The Friendship Foundation has raised funds to sustain their programs and has contributed to the Friendship Educational Foundation's capital campaign. This campaign aims to support the construction of a 64,000 square foot facility. This facility will house the foundation's staff, programs, transition programs, and a state-of-the-art vocational training program. The vocational training program is designed to equip individuals with special needs with job skills and life skills, preparing them for independent living and self-sufficiency. By offering these services, The Friendship Foundation seeks to empower families and their children, fostering a sense of capability and confidence in their abilities.
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Impact
October, 2024
The Friendship Foundation significantly impacts families with children who have special needs by providing crucial support and resources. Through fundraising efforts, it sustains programs designed to empower both parents and children, fostering an environment where every individual is recognized for their potential and value.
A key initiative is the development of the Friendship Campus, a state-of-the-art facility that will house various programs aimed at promoting independence and self-sufficiency for young adults with special needs. This 64,000-square-foot center will feature vocational training programs that equip individuals with essential job skills and life skills, preparing them for meaningful employment and integration into the community.
By focusing on education, support, and vocational training, The Friendship Foundation enhances the quality of life for these families, encouraging connections and friendships that enrich their lives. Its holistic approach reaffirms the belief that every person is precious and capable of contributing to society, ultimately fostering an inclusive environment where love and connection thrive.
This information is meant to be a general summary of The Friendship Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $102,031
- Program Service Revenue: $122,289
- Gross Receipts: $7,048,650
Assets and Liabilities:
- Total Assets: $23,218,143
- Total Liabilities: $59,124
- Net Assets: $23,159,019
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$122,289
Organization Details
Founding Year
2006
Phone
(310) 214-6677Principal Officer
Joseph Mintz
Main Address
2108 VAIL AVENUE, REDONDO BEACH, CA, 90278
NTEE Category
Code: P81 - Human services
If you are a representative of The Friendship Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.