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Friends For Life

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 742550748 ✦ Waco, TX ✦ Designated as a 501(c)(3)

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Overview

What is Friends For Life?

Friends for Life is a dedicated nonprofit organization based in Waco, Texas, specifically at PO Box 23491. Their primary mission is to assist elderly individuals and those with disabilities, ensuring they can live independently for as long as possible. In cases where individuals are unable to care for themselves due to abuse, neglect, or exploitation, Friends for Life steps in as their legal guardian. The organization provides safe living spaces, ensures necessary medical care and essentials like food, and works tirelessly to enrich their lives. Friends for Life additionally operates as an adult day care center and offers financial management services, all while fostering intergenerational connections. The nonprofit employs a team of 106 dedicated individuals.


Official website here: www.friendsforlife.org

Is Friends For Life legitimate?

Friends For Life is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends For Life 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: $174,956
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,031,148

For more financial information, click here


Official website here: www.friendsforlife.org

What is the mission statement of Friends For Life?

Friends for Life's mission is centered around aiding the elderly and individuals with disabilities. The organization aims to help them live independently for as long as possible. In cases where individuals are unable to care for themselves, Friends for Life steps in as their legal guardians, providing essential services such as money management. Additionally, Friends for Life operates as an adult day care center, offering a safe and enriching environment for its clients. The organization has also taken on the role of guardian for over 501 elderly and disabled adults who have been victims of abuse, neglect, or exploitation, ensuring their safety, providing them with appropriate living arrangements, and ensuring they receive necessary medical care and other essentials.


Official website here: www.friendsforlife.org

Who is the CEO of Friends For Life?

Inez Russell is the President of Friends For Life.


Official website here: www.friendsforlife.org

What is the revenue of Friends For Life?

Friends For Life's revenue in 2022 was $3,137,299.


Official website here: www.friendsforlife.org

Who are the executives of Friends For Life and what are their salaries?

The average compensation at Friends For Life during 2022 was $20,812. There are 106 employees and 779 volunteers at Friends For Life.


Here are 13 key members and their salaries:


B J Greaves (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandy Ray (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leonard Englander (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Lenamon (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erma Ballenger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janie Martinez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Marylea Henderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robin Jamison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Ray (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Inez Russell (Executive Director)
  • Compensation: $70,113
  • Related: $0
  • Other: $0
Carla Hines (Cfo)
  • Compensation: $39,683
  • Related: $0
  • Other: $0
Christopher Cobb (Coo)
  • Compensation: $52,591
  • Related: $0
  • Other: $0


Official website here: www.friendsforlife.org

Where can I find the form 990 for Friends For Life?

Friends For Life's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.friendsforlife.org

Learn more at the official website: www.friendsforlife.org

Mission Statement of Friends For Life

Friends for Life, a nonprofit organization, is dedicated to assisting the elderly and individuals with disabilities in maintaining their independence for as long as possible. The mission of Friends for Life involves serving as legal guardians, providing financial management services, and offering support to help these individuals live independently. Beyond this, the organization operates as an adult day care center. In more specific terms, Friends for Life has acted as a legal guardian for over 500 elderly and disabled adults who have been victims of abuse, neglect, or exploitation. The organization ensures their safety by finding secure living situations for them and ensuring they have access to essentials like food and medical care.

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Impact




July, 2024

Friends For Life's impact is profound as it helps the elderly and people with disabilities live independently for as long as possible. This organization serves as legal guardians for those who have been victims of abuse, neglect, or exploitation, ensuring they have safe living arrangements, access to essential services like food and medical care. By bringing generations together and providing money management services, Friends For Life enriches lives and contributes to the well-being of vulnerable individuals in the Waco, TX community.




This information is meant to be a general summary of Friends For Life. 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.

Revenue
$3,137,299 (2022)
Expenses
$3,169,092 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,088
  • Program Service Revenue: $2,240,049
  • Gross Receipts: $3,139,716

Assets and Liabilities:

  • Total Assets: $2,465,667
  • Total Liabilities: $1,552,506
  • Net Assets: $913,161

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

GUARDIANSHIP SERVICES

Revenue

$1,221,312

ADULT DAY CARE

Revenue

$561,079

LIFE SKILLS

Revenue

$268,535

MONEY MANAGEMENT SERVI

Revenue

$145,795

TOOL SHOP

Revenue

$43,328

Organization Details

Founding Year

1989

Principal Officer

Inez Russell

Main Address

PO BOX 23491, WACO, TX, 76702

NTEE Category

Code: E22N - Health

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