Civic Intelligence

Friendship Circle

990 • Fiscal year 2023 • EIN 20-3270890

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

1952 S Robertson BlvdLos Angeles, CA 90034

(310) 280-0955

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

1.10x

Higher debt load relative to assets than 95% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

86th percentile

0.86x

Higher debt load relative to revenue than 86% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

35th percentile

-2.0%

Higher net margin than 35% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

89th percentile

$192,250

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

26th percentile

-2.9%

Faster asset growth than 26% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

87th percentile

66%

Faster revenue growth than 87% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$1,663,946

Down $49,713 (-2.9%) from 2022

Net Assets

Down

-$173,342

Down $43,606 (-34%) from 2022

Liabilities

Down

$1,837,288

Down $6,107 (-0.3%) from 2022

Revenue

Up

$2,143,864

Up $854,994 (+66%) from 2022

Expenses

Up

$2,187,470

Up $574,784 (+36%) from 2022

Net Income

Up

-$43,606

Up $280,210 (+87%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $66,072Liabilities 2010: $8,203Net Assets 2010: $57,8692010Assets 2011: $1,601,857Liabilities 2011: $1,318,111Net Assets 2011: $283,7462011Assets 2012: $1,555,332Liabilities 2012: $1,320,452Net Assets 2012: $234,8802012Assets 2013: $1,645,057Liabilities 2013: $1,329,593Net Assets 2013: $315,4642013Assets 2014: $1,600,425Liabilities 2014: $1,338,765Net Assets 2014: $261,6602014Assets 2015: $1,694,560Liabilities 2015: $1,327,120Net Assets 2015: $367,4402015Assets 2016: $1,624,661Liabilities 2016: $1,330,875Net Assets 2016: $293,7862016Assets 2017: $1,770,670Liabilities 2017: $1,334,304Net Assets 2017: $436,3662017Assets 2018: $1,621,421Liabilities 2018: $1,327,397Net Assets 2018: $294,0242018Assets 2019: $1,588,709Liabilities 2019: $1,323,511Net Assets 2019: $265,1982019Assets 2020: $1,806,227Liabilities 2020: $1,472,856Net Assets 2020: $333,3712020Assets 2021: $2,029,185Liabilities 2021: $1,835,105Net Assets 2021: $194,0802021Assets 2022: $1,713,659Liabilities 2022: $1,843,395Net Assets 2022: -$129,7362022Assets 2023: $1,663,946Liabilities 2023: $1,837,288Net Assets 2023: -$173,3422023Assets 2024: $1,454,642Liabilities 2024: $1,864,001Net Assets 2024: -$409,3592024

Highlighted filing

2023

Assets$1,663,946
Liabilities$1,837,288
Net Assets-$173,342

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $431,5662010Expenses 2011: $447,8202011Expenses 2012: $593,4422012Revenue 2013: $702,864Expenses 2013: $622,280Net Income 2013: $80,5842013Revenue 2014: $585,497Expenses 2014: $639,301Net Income 2014: -$53,8042014Revenue 2015: $835,122Expenses 2015: $729,342Net Income 2015: $105,7802015Revenue 2016: $688,513Expenses 2016: $762,167Net Income 2016: -$73,6542016Revenue 2017: $1,106,240Expenses 2017: $963,660Net Income 2017: $142,5802017Revenue 2018: $1,008,760Expenses 2018: $1,151,102Net Income 2018: -$142,3422018Revenue 2019: $1,013,831Expenses 2019: $1,042,657Net Income 2019: -$28,8262019Revenue 2020: $1,151,221Expenses 2020: $1,072,732Net Income 2020: $78,4892020Revenue 2021: $1,276,053Expenses 2021: $1,415,344Net Income 2021: -$139,2912021Revenue 2022: $1,288,870Expenses 2022: $1,612,686Net Income 2022: -$323,8162022Revenue 2023: $2,143,864Expenses 2023: $2,187,470Net Income 2023: -$43,6062023Revenue 2024: $2,198,266Expenses 2024: $2,442,828Net Income 2024: -$244,5622024

Highlighted filing

2023

Revenue$2,143,864
Expenses$2,187,470
Net Income-$43,606
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$2,209,456
Mission and Program Overview

Mission

To provide assistance and support to the families of children with special needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$1,300,000$1,300,000→ $0
Land, Buildings, and Equipment, Net$1,104,017$1,048,309▼ $55,708
Cash and Non-Interest-Bearing Accounts$609,642$575,637▼ $34,005
Other Notes and Loans Receivable, Net-$40,000-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Rtn Earn Endowment Incm Other Fnds$-129,736$-173,342▼ $43,606
Total Assets$1,713,659$1,663,946▼ $49,713
Other Assets Total-$0-
Liabilities
Other Liabilities$543,395$537,288▼ $6,107
Total Liabilities$1,843,395$1,837,288▼ $6,107
Net Assets / Fund Balance
Total Net Assets Fund Balance$-129,736$-173,342▼ $43,606
Total Liabilities and Net Assets / Fund Balance$1,713,659$1,663,946▼ $49,713

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$637,682$273,288$910,970
Land$391,603-$391,603
Other Land Buildings$3,279$288,127$291,406
Equipment$1,414$117,335$118,749
Leasehold Improvements$14,331$20,055$34,386
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael J Rav-noyPresidentFT$100,750$91,500$192,250
Nechama SerebryanskiProg CoordinatorFT$117,500-$117,500
Miriam Rav-noyProg DirectorPT$103,250$500$103,750
Isabel Gemara-dickerProg CoordinatorFT$100,235-$100,235

Board Members and Trustees

NameTitle
Ari MarkDirector
Ariel HaratzDirector
Nettie LernerDirector
Hertzel PeerSecretary
Bruce SobolTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,141,572
Program Service Revenue
$25,057
Investment Income
$42
Other Revenue
$-22,807
All Other Contributions
$970,136
Change in Net Assets
$-43,606
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,129,865
Salaries, Compensation, and Employee Benefits$1,034,704
Total Fundraising Expense$155,705
Grants and Similar Amounts Paid$22,901
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$468,581$133,881$66,940$669,402
Current Officers, Directors, Trustees, and Key Employees$199,875$48,063$48,062$296,000
Fees for Services Other$238,562$25,293-$263,855
Occupancy$110,759$31,645$15,823$158,227
All Other Expenses$46,236$33,435$3,839$83,510
Insurance$49,272$14,078$7,039$70,389
Payroll Taxes$48,511$13,861$6,930$69,302
Depreciation Depletion$38,996$11,141$5,571$55,708
Other Expenses$38,179$4,900-$38,179
Advertising$30,737--$30,737
Office Expenses-$20,178-$20,178
Grants to Domestic Individuals$18,348--$18,348
Fees for Services Accounting-$10,595-$10,595
Travel$6,913$1,975$988$9,876
Information Technology$3,377$965$482$4,824
Grants to Domestic Orgs$4,553--$4,553
Conferences and Meetings$217$62$31$310
Total Functional Expenses$1,681,693$350,072$155,705$2,187,470
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$65,592
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Walk4Friendship$167,360-$57,760-
Total Events$167,360-$65,592$-65,592
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$1,300,000$1,300,000→ $0
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sba Eidl Loan Payable$499,900
Credit Cards Payable$35,661
Payroll Liabilities$1,727
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Michael j. Rav-noy and miriam rav-noy are a married couple.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by michael rav-noy, president of the organization.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Friendship Circle
EIN
20-3270890
Phone
3102800955
Address
1952 S Robertson Blvd, LOS ANGELES, CA 90034

Signing Officer

Name
Michael J Rav-noy
Title
President
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
2005
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
5
Employees
19
Volunteers
425

Preparer

Firm
Katz Khayut & Stroll Llp
Address
4929 WILSHIRE BLVD STE 985, LOS ANGELES, CA 90010
Preparer
Mitchell a Katz
Phone
3239362777
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgSrvcAccomActy2Grp/Desc0ONE OF THE ORGANIZATION'S CORE MISSIONS IS TO ENRICH, INSPIRE AND MOTIVATE TEENS TOSHARE OF THEMSELVES WITH CHILDREN AND TEENS WHO HAVE VARIOUS DISABILITIES. CURRENTLY, 425 VOLUNTEERS (ABOUT 85% OF THEM ARE TEENS) DONATE THEIR TIME AND ENERGIES TO THIS CAUSE. THESE VOLUNTEERS COLLECTIVELY SPEND ABOUT 10,000 HOURS A YEAR WITH THE CHILDREN. EVALUATED AT $10 PER HOUR, THIS COMPUTES TO A VALUE OF $131,000 ANNUALLY.
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07155877
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$1.86$0.41$2.20$2.44$0.24
2023Detailed filing. Detailed filing data is available for this year.$1.66$1.84$0.17$2.14$2.19$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.71$1.84$0.13$1.29$1.61$0.32
2021Detailed filing. Detailed filing data is available for this year.$2.03$1.84$0.19$1.28$1.42$0.14
2020Detailed filing. Detailed filing data is available for this year.$1.81$1.47$0.33$1.15$1.07$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.59$1.32$0.27$1.01$1.04$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.62$1.33$0.29$1.01$1.15$0.14
2017Summary only. Only limited summary data is available for this year.$1.77$1.33$0.44$1.11$0.96$0.14
2016Detailed filing. Detailed filing data is available for this year.$1.62$1.33$0.29$0.69$0.76$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.69$1.33$0.37$0.84$0.73$0.11
2014Detailed filing. Detailed filing data is available for this year.$1.60$1.34$0.26$0.59$0.64$0.05
2013Detailed filing. Detailed filing data is available for this year.$1.65$1.33$0.32$0.70$0.62$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$1.32$0.23$0.59
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$1.32$0.28$0.45
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.01$0.06$0.43