Overview
What is The Friends Forever Foundation Nfp?
The Friends Forever Foundation Nfp, headquartered in Flossmoor, Illinois, is a nonprofit organization committed to fostering collaboration among likeminded organizations. Their primary objective is to support and empower the next generation. They achieve this by engaging in joint workshops, extending existing programs, providing wrap-around services, creating new joint initiatives, sharing resources, and utilizing shared spaces. The foundation's mission, "Linking Lives," encapsulates their dedication to connecting different nonprofits and collectively making a positive impact on the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
The Friends Forever Foundation Nfp has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The charity's overall score is based entirely on a single beacon score, highlighting the organization's robust financial practices, particularly its high program expense ratio of 82.51%. This indicates that a substantial portion of its funds is directed towards fulfilling its mission.
The organization demonstrates excellent governance, with 66% of its board members being independent, ensuring effective oversight. The foundation has established comprehensive policies around conflict of interest, whistleblower protections, and document retention, all of which contribute to its transparent operations. Furthermore, there are no reported material diversions of assets, underscoring the integrity of its financial management.
Despite the strong performance in accountability, there are no noted limitations in the available data. The Friends Forever Foundation Nfp’s financial health and commitment to ethical governance are significant strengths that contribute to its positive reputation among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Friends Forever Foundation Nfp legitimate?
The Friends Forever Foundation Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Friends Forever Foundation Nfp 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: $33,333
For more financial information, click here
What is the mission statement of The Friends Forever Foundation Nfp?
The Friends Forever Foundation Nfp's mission is centered around inspiring and encouraging non-profit organizations to prioritize the empowerment and enablement of the upcoming generation. They aim to achieve this by fostering collaboration among like-minded organizations. This is done through various means such as joint workshops, extending existing programs, creating new joint programs, sharing resources, and utilizing shared spaces. The ultimate goal is to collectively impact the lives of the next generation positively.
What is the revenue of The Friends Forever Foundation Nfp?
The Friends Forever Foundation Nfp's revenue in 2022 was $56,480.
Who are the executives of The Friends Forever Foundation Nfp and what are their salaries?
There 6 volunteers at The Friends Forever Foundation Nfp.
Here are 10 key members and their salaries:
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- Compensation: $30,500
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Where can I find the form 990 for The Friends Forever Foundation Nfp?
The Friends Forever Foundation Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Friends Forever Foundation Nfp
The Friends Forever Foundation Nfp is dedicated to inspiring and motivating non-profit organizations to prioritize the empowerment and enablement of the upcoming generation. Their mission, simply put, is to foster a culture of 'Linking Lives' within the non-profit sector. To achieve this objective, they provide financial aid and collaborate with similar organizations. This collaborative approach involves joint workshops, extending existing programs, wrapping around existing programs, creating new joint programs, sharing resources, and utilizing shared spaces. The ultimate goal is to pool together their collective strengths and resources to make a more significant impact in empowering the next generation.
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Impact
August, 2024
The Friends Forever Foundation Nfp is making a significant impact by encouraging non-profit organizations to focus on empowering and enabling the next generation. They are linking lives by providing financial support and collaborating with other like-minded non-profits through joint workshops, existing program extensions, creating new joint programs, and sharing resources and space. Their work in Flossmoor, IL, is driving positive change in the community and inspiring innovation in the nonprofit sector, particularly in the arts.
This information is meant to be a general summary of The Friends Forever Foundation Nfp. 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: $56,480
Assets and Liabilities:
- Total Assets: $8,708
- Total Liabilities: $105
- Net Assets: $8,603
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Organization Details
Founding Year
2014
Principal Officer
Paula A Jones
NTEE Category
Code: A20 - Arts
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