Overview
What is Friendship Foundation Inc?
Friendship Foundation Inc, based in Glendale, Arizona, is a nonprofit organization dedicated to supporting seniors. Specifically, it provides financial aid to Friendship Retirement Corporation and its affiliates to maintain programs that cater to over 720 elderly individuals. The foundation also extends financial assistance and scholarship opportunities to the employees of Friendship Retirement Corporation. Its mission is to empower individuals to live their best lives, aiming to become a leading provider of affordable services that enrich the quality of life for everyone at every stage of life. The organization upholds values such as integrity, compassion, excellence, innovation, sustainability, and collaboration to achieve its objectives. Friendship Foundation Inc plans and implements strategies to raise funds for the identified needs of Friendship Retirement Corporation, aiming to raise awareness of the organization's ministry, programs, and services.
Official website here: www.glencroft.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
Friendship Foundation Inc has achieved an impressive 96% rating from Charity Navigator, signifying strong performance in Accountability and Finance. This evaluation reflects the charity's commitment to maintaining transparency and accountability, which is essential for fostering trust with donors and stakeholders.
One of the organization's notable strengths is its fully independent board, comprising 10 members, which ensures unbiased oversight and governance. Additionally, the charity has robust policies in place, including a conflict of interest policy, a whistleblower policy, and effective document retention practices, all contributing to its high accountability score.
Financially, Friendship Foundation Inc shows a solid program expense ratio of 83.70%, indicating that a significant portion of its funds is directed toward its programs. The charity has no material asset diversions, further underscoring its financial integrity. Overall, while the organization has demonstrated strong operational practices, continued monitoring of its financial health and program effectiveness will be important for sustaining its high standards.
This AI summary has been generated from information found on Charity Navigator.
Is Friendship Foundation Inc legitimate?
Friendship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friendship Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $83,109
For more financial information, click here
Official website here: www.glencroft.com
What is the mission statement of Friendship Foundation Inc?
The Friendship Foundation Inc's mission is to empower individuals to live their best lives. Their vision is to become a renowned provider of affordable services that enhance the quality of life for people at all stages. Integrity, compassion, excellence, innovation, sustainability, and collaboration are the values that guide their operations. They adhere to high ethical standards, cater to each person's unique needs, strive for excellence in their work, innovate by offering leading-edge services, use resources efficiently, and collaborate with others to further their mission.
Official website here: www.glencroft.com
Who is the CEO of Friendship Foundation Inc?
John Thorhauer is the CEO of Friendship Foundation Inc The CEO's salary of Friendship Foundation Inc is $0 and their total compensation is $354,040.
Official website here: www.glencroft.com
What is the revenue of Friendship Foundation Inc?
Friendship Foundation Inc's revenue in 2023 was $812,745.
Official website here: www.glencroft.com
Who are the executives of Friendship Foundation Inc and what are their salaries?
There 9 volunteers at Friendship Foundation Inc.
Here are 11 key members and their salaries (Friendship Foundation Inc's CEO's salary is $0 and their total compensation is $354,040):
- Compensation: $0
- Related: $0
- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $349,201
- Other: $4,839
- Compensation: $0
- Related: $161,420
- Other: $3,228
Official website here: www.glencroft.com
Where can I find the form 990 for Friendship Foundation Inc?
Friendship Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.glencroft.com
Learn more at the official website: www.glencroft.com
Mission Statement of Friendship Foundation Inc
Friendship Foundation Inc, a nonprofit organization, is dedicated to empowering individuals to live their best lives. Their mission is to serve as a pioneer in providing affordable services that enhance the quality of life for people at every stage of their existence. The foundation upholds a set of values that guide their operations, including integrity, as they adhere to the highest ethical standards; compassion, recognizing and catering to each person's unique needs; excellence, ensuring accountability in their work; innovation, continuously developing and improving their offerings; sustainability, utilizing resources efficiently; and collaboration, working together with others to further their mission.
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Impact
July, 2024
Friendship Foundation Inc's impact can be seen in its support for seniors at Friendship Retirement Corporation by providing financial assistance and scholarship support to employees. Through fundraising strategies and program support, Friendship Foundation Inc has helped over 720 seniors access services and programs offered by Friendship Retirement Corporation and its affiliates. By focusing on empowerment and enhancing quality of life for individuals at every stage, Friendship Foundation Inc embodies values such as integrity, compassion, excellence, innovation, sustainability, and collaboration in its mission to serve the community.
This information is meant to be a general summary of Friendship Foundation 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: $137,481
- Gross Receipts: $812,745
Assets and Liabilities:
- Total Assets: $5,299,319
- Total Liabilities: $35,488
- Net Assets: $5,263,831
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Organization Details
Founding Year
1984
Principal Officer
John Thorhauer
Website
www.glencroft.comNTEE Category
Code: P110 - Human services
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