Overview
What is Simply Friends?
Simply Friends is a nonprofit organization based in Corydon, Indiana, with a postal address. Their primary mission is to collect donated clothing, household items, and other goods, which are then sold in flea market malls. The proceeds from these sales are utilized to acquire essentials such as food for distribution. The organization accepts cash donations alongside these items, with the overall cash contributions amounting to $8,706.00 in the provided data. Their expenses include program-related costs, administrative fees, professional fees, equipment lease expenses, and miscellaneous expenses, totaling $1,590. In essence, Simply Friends is an organization that aims to help those in need by selling donated items and using the proceeds to provide food and other necessities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars (23%)
Simply Friends received a zero-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial health. The overall score reflects a low Accountability & Finance score of 23%, suggesting potential issues in how the organization manages its resources and operates transparently. The fiscal year 2022 data reveals that the organization has a high liabilities to assets ratio of 526.94%, which is alarming and indicates financial instability.
While the charity does have an entirely independent board, which is a positive aspect, it is undermined by the lack of other essential governance policies and missing documents. Specifically, the organization failed to provide a conflict of interest policy, a whistleblower policy, and documentation retention and destruction policy, which are critical for maintaining trust and accountability.
Additionally, the program expense ratio stands at only 17.13%, suggesting that a minimal portion of its budget is directed towards its actual programs and services. This raises questions about the effectiveness of its operations and mission fulfillment. Overall, the rating signifies that Simply Friends may need to address several governance and financial management issues to improve its standing and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Simply Friends legitimate?
Simply Friends is a legitimate nonprofit organization registered as a 501(c)(3) entity. Simply Friends 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Simply Friends?
Simply Friends' mission involves collecting donated clothing, household goods, and various items to sell in flea market malls. The primary objective is to generate proceeds from these sales, which are then utilized to procure essential food and other necessities for distribution. The organization also accepts cash donations. The collected funds are utilized for various expenses, including program expenses, administrative costs, professional fees, equipment lease expenses, and miscellaneous expenses.
Who is the CEO of Simply Friends?
Jeffrey Baker is the President of Simply Friends.
What is the revenue of Simply Friends?
Simply Friends's revenue in 2022 was $8,706.
Who are the executives of Simply Friends and what are their salaries?
There 5 volunteers at Simply Friends.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Simply Friends?
Simply Friends's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Simply Friends
Simply Friends, an organization, is dedicated to collecting donated clothing, household goods, and various items. Their primary aim is to sell these items in flea market malls. The cash proceeds generated from these sales are then utilized to acquire food and other essentials. These necessities are subsequently distributed to those in need. In addition to material donations, the organization also accepts cash donations. The collected funds are put to good use, ensuring that individuals in the community have access to basic necessities.
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Impact
August, 2024
Simply Friends has a significant impact by collecting donated clothing, household goods, and other items to sell in flea market malls. Cash donations are also accepted, with the proceeds used to obtain food and other necessities for distribution. The organization's cash and cash equivalent donations total $8,706.00, highlighting its ability to generate funds for its mission. Additionally, the program and administrative expenses, including professional fees, equipment lease expenses, and miscellaneous expenses totaling $1,590, indicate a careful management of resources to maximize outreach and assistance. Overall, Simply Friends's efforts in CORYDON, IN, contribute to providing essential support and services to those in need, making a tangible difference in the community under its tag of "Human services."
This information is meant to be a general summary of Simply Friends. 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.
- Gross Receipts: $8,706
Assets and Liabilities:
- Total Assets: $18,740
- Total Liabilities: $98,750
- Net Assets: -$80,010
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Organization Details
Founding Year
2012
Phone
(812) 734-0524Principal Officer
Jeffrey Baker
Main Address
PO Box 39, Corydon, IN, 47112
NTEE Category
Code: P20 - Human services
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