Overview
What is Friendship Holdings Inc?
Friendship Holdings Inc, located in Waverly, Tennessee, serves as a property title holder. Their primary function involves collecting income generated from these properties and subsequently transferring the entire earnings, after deducting related expenses, to their parent organization, Friendship World Outreach. By carrying out this role, Friendship Holdings Inc contributes to the mission of its parent organization, supporting its activities and objectives.
Is Friendship Holdings Inc legitimate?
Friendship Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Friendship Holdings Inc 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.
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What is the mission statement of Friendship Holdings Inc?
Friendship Holdings Inc's primary role is to manage property and generate income. This income is then redirected to its parent organization, Friendship World Outreach, after deducting any necessary expenses. In essence, the company's mission is to serve as a financial intermediary, contributing to the work of its parent organization. While the specific activities of Friendship World Outreach are not detailed in the provided information, it can be inferred that the income collected by Friendship Holdings Inc is utilized to further their shared goals or initiatives.
Who is the CEO of Friendship Holdings Inc?
Joshua Hannah is the President of Friendship Holdings Inc.
What is the revenue of Friendship Holdings Inc?
Friendship Holdings Inc's revenue in 2022 was $480,317.
Who are the executives of Friendship Holdings Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Friendship Holdings Inc?
Friendship Holdings Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friendship Holdings Inc
Friendship Holdings Inc, as a holding company, is dedicated to managing property and generating income. This income, after deducting expenses, is then transferred in its entirety to its parent organization, Friendship World Outreach. In essence, Friendship Holdings Inc serves as a financial intermediary, ensuring the efficient distribution of resources to its affiliated organization for its broader mission.
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Impact
October, 2024
Friendship Holdings Inc plays a critical role in supporting the operations of its parent organization, Friendship World Outreach, by managing property holdings and generating income. Through its activities, the organization ensures that financial resources are maximized and effectively utilized for the parent organization's mission. This process involves not only the holding of property but also diligent management to collect income while minimizing expenses.
Based in Waverly, TN, Friendship Holdings Inc facilitates the parent organization’s efforts in community outreach and religious initiatives. By streamlining financial revenue and ensuring that funds are transferred efficiently, it contributes significantly to the overall mission of promoting various programs and services that align with the values and interests of the community it serves. The impact of Friendship Holdings Inc is found in its commitment to enhancing the financial foundation for charitable activities, thereby fostering growth and sustainability for those initiatives that benefit the community at large.
This information is meant to be a general summary of Friendship Holdings Inc. 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: $5,551
- Gross Receipts: $480,317
Assets and Liabilities:
- Total Assets: $5,234,890
- Total Liabilities: $3,471,842
- Net Assets: $1,763,048
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Organization Details
Founding Year
2015
Principal Officer
Joshua Hannah
Main Address
1510 Clydeton Road, Waverly, TN, 37185
NTEE Category
Code: X11 - Religion related
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