Overview
What is Friendship Industries Inc?
Friendship Industries Inc, located in Harrisonburg, Virginia, is a nonprofit organization that focuses on providing employment and training services for individuals with disabilities. With a team of 59 dedicated individuals, they operate in the fields of contract packaging and government contracting. Their integrated work environment aims to increase opportunities and wages for their clients, placing employment opportunities within reach for all. Moreover, through their transportation program, they ensure that 11 employees have reliable means to commute to work. Friendship Industries Inc plays a crucial role in Harrisonburg and Rockingham by empowering individuals with disabilities and their families, helping them secure employment opportunities that foster growth and personal development.
Official website here: www.friendship-industries.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Friendship Industries Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization scored 96% overall, with the rating based entirely on its performance in financial accountability metrics for the fiscal year 2023. This high score indicates effective financial practices and transparency, which are crucial for building donor trust.
The nonprofit demonstrates outstanding governance, with a completely independent board comprising 15 members, all of whom contribute to its high scores in conflict of interest management and oversight. Their financial statements are robust, with no recorded material diversion of assets, and a healthy liabilities-to-assets ratio of 33.58%, showcasing financial stability. Additionally, the organization maintains comprehensive policies for whistleblower protection, document retention, and meeting documentation, further enhancing its accountability.
While the ratings highlight significant strengths, the summary does not mention any specific challenges or areas for improvement, suggesting that Friendship Industries Inc operates effectively in its financial management and governance practices. However, prospective donors and stakeholders might want to look for additional qualitative feedback to gain further insights into its programmatic impact.
This AI summary has been generated from information found on Charity Navigator.
Is Friendship Industries Inc legitimate?
Friendship Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friendship Industries 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $225,818
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,192,572
For more financial information, click here
Official website here: www.friendship-industries.com
What is the mission statement of Friendship Industries Inc?
Friendship Industries Inc is committed to creating and sustaining employment and training prospects for individuals with disabilities within integrated work environments. By doing so, the organization aims to offer equal opportunities and enhance wages for these individuals. The organization provided employment and training services to 34 individuals through its contract packaging and government contracting businesses, and facilitated transportation for 11 employees throughout the year. Friendship Industries Inc's integrated work environment provides a suitable setting for increased opportunities for individuals with disabilities and their families.
Official website here: www.friendship-industries.com
Who is the CEO of Friendship Industries Inc?
Pieter Casius is the Chair of Friendship Industries Inc.
Official website here: www.friendship-industries.com
What is the revenue of Friendship Industries Inc?
Friendship Industries Inc's revenue in 2023 was $3,951,019.
Official website here: www.friendship-industries.com
Who are the executives of Friendship Industries Inc and what are their salaries?
The average compensation at Friendship Industries Inc during 2023 was $24,041. There are 59 employees and 15 volunteers at Friendship Industries Inc.
Here are 17 key members and their salaries:
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- Compensation: $98,886
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- Other: $7,931
- Compensation: $98,480
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- Other: $20,522
Official website here: www.friendship-industries.com
Where can I find the form 990 for Friendship Industries Inc?
Friendship Industries Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.friendship-industries.com
Learn more at the official website: www.friendship-industries.com
Mission Statement of Friendship Industries Inc
Friendship Industries Inc is dedicated to creating and sustaining employment and training opportunities for individuals with disabilities within integrated work environments. By doing so, the organization aims to provide these individuals with increased opportunities and wages, fostering a supportive environment that allows for their professional growth. The nonprofit's mission is centered around empowering individuals with disabilities and their families, ensuring that employment opportunities are within reach for all. Friendship Industries Inc does not limit its services to a specific location, making it accessible to a wide range of communities in need. Through their programs, they strive to offer meaningful employment and training, paving the way for individuals with disabilities to contribute positively to society and lead fulfilling lives.
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Impact
July, 2024
Friendship Industries Inc has a significant impact on the community by developing and maintaining employment and training opportunities for persons with disabilities in integrated work environments. Through their programs, Friendship Industries provided employment and training services for 34 individuals in contract packaging and government contracting businesses. Additionally, their transportation program ensured that 11 employees had a means to get to work throughout the year.
By placing employment opportunities within reach for individuals with disabilities and their families in Harrisonburg and Rockingham, Friendship Industries plays a crucial role in improving the quality of life for many in the community. Their integrated work environment not only provides valuable work opportunities but also contributes to increased opportunities and wages for their participants. Overall, Friendship Industries' work is instrumental in creating a more inclusive and supportive community for individuals with disabilities.
This information is meant to be a general summary of Friendship Industries 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 2023.
- Investment Income: $146,037
- Program Service Revenue: $1,936,596
- Gross Receipts: $4,663,835
Assets and Liabilities:
- Total Assets: $8,966,089
- Total Liabilities: $3,010,972
- Net Assets: $5,955,117
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT WORK
Revenue
$1,911,362
CLIENT TRANSPORTATION
Revenue
$3,694
Organization Details
Founding Year
1971
Phone
(540) 434-9586Principal Officer
Pieter Casius
Main Address
801 FRIENDSHIP DR, HARRISONBURG, VA, 22802
NTEE Category
Code: J300 - Employment
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