Civic Intelligence

Friends Development Fund Inc.

990 • Fiscal year 2022 • EIN 42-1122634

Jan 01, 2022 to Dec 31, 2022 • Filed on May 13, 2023

411 College Ave WestOskaloosa, IA 52577

(641) 939-7795

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

60th percentile

12%

Higher net margin than 60% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$66,420

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 85.7% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

11th percentile

-16%

Faster asset growth than 11% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

3rd percentile

-75%

Faster revenue growth than 3% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$1,482,545

Down $285,651 (-16%) from 2021

Net Assets

Down

$1,482,545

Down $285,651 (-16%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Down

$77,476

Down $226,764 (-75%) from 2021

Expenses

Up

$67,849

Up $1,970 (+3.0%) from 2021

Net Income

Down

$9,627

Down $228,734 (-96%) from 2021

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $982,165Liabilities 2011: $0Net Assets 2011: $982,1652011Assets 2012: $1,060,197Liabilities 2012: $0Net Assets 2012: $1,060,1972012Assets 2013: $1,206,718Liabilities 2013: $0Net Assets 2013: $1,206,7182013Assets 2014: $1,237,133Liabilities 2014: $0Net Assets 2014: $1,237,1332014Assets 2015: $1,202,541Liabilities 2015: $0Net Assets 2015: $1,202,5412015Assets 2016: $1,228,515Liabilities 2016: $0Net Assets 2016: $1,228,5152016Assets 2017: $1,315,321Liabilities 2017: $0Net Assets 2017: $1,315,3212017Assets 2018: $1,198,071Liabilities 2018: $0Net Assets 2018: $1,198,0712018Assets 2019: $1,333,541Liabilities 2019: $0Net Assets 2019: $1,333,5412019Assets 2020: $1,454,390Liabilities 2020: $0Net Assets 2020: $1,454,3902020Assets 2021: $1,768,196Liabilities 2021: $0Net Assets 2021: $1,768,1962021Assets 2022: $1,482,545Liabilities 2022: $0Net Assets 2022: $1,482,5452022Assets 2023: $1,601,904Liabilities 2023: $0Net Assets 2023: $1,601,9042023Assets 2024: $1,649,910Liabilities 2024: $0Net Assets 2024: $1,649,9102024

Highlighted filing

2022

Assets$1,482,545
Liabilities$0
Net Assets$1,482,545

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $86,937Expenses 2011: $49,724Net Income 2011: $37,2132011Revenue 2012: $67,745Expenses 2012: $46,623Net Income 2012: $21,1222012Revenue 2013: $136,763Expenses 2013: $47,866Net Income 2013: $88,8972013Revenue 2014: $87,858Expenses 2014: $57,557Net Income 2014: $30,3012014Revenue 2015: $110,314Expenses 2015: $55,548Net Income 2015: $54,7662015Revenue 2016: $32,595Expenses 2016: $57,109Net Income 2016: -$24,5142016Revenue 2017: $72,515Expenses 2017: $59,344Net Income 2017: $13,1712017Revenue 2018: $48,003Expenses 2018: $61,409Net Income 2018: -$13,4062018Revenue 2019: $72,351Expenses 2019: $61,531Net Income 2019: $10,8202019Revenue 2020: $107,724Expenses 2020: $61,862Net Income 2020: $45,8622020Revenue 2021: $304,240Expenses 2021: $65,879Net Income 2021: $238,3612021Revenue 2022: $77,476Expenses 2022: $67,849Net Income 2022: $9,6272022Revenue 2023: $107,813Expenses 2023: $69,739Net Income 2023: $38,0742023Revenue 2024: $121,828Expenses 2024: $75,585Net Income 2024: $46,2432024

Highlighted filing

2022

Revenue$77,476
Expenses$67,849
Net Income$9,627
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 13, 2023
Return Version
2022v5.0
Gross Receipts
$77,476
Mission and Program Overview

Mission

Invest permanent funds for the purpose of distributing earnings to various Friends exempt entities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,517,757$1,538,067▲ $20,310
Investments in Publicly Traded Securities$1,766,696$1,481,045▼ $285,651
Cash and Non-Interest-Bearing Accounts$1,500$1,500→ $0
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$250,439$-55,522▼ $305,961
Total Assets$1,768,196$1,482,545▼ $285,651
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,768,196$1,482,545▼ $285,651
Total Liabilities and Net Assets / Fund Balance$1,768,196$1,482,545▼ $285,651
Compensation and Service Providers

Employees

NameTitleOtherTotal
Manuel Garciatrustee$66,420$66,420

Board Members and Trustees

NameTitle
Lloyd StanglandPresident (Presider)
Dennis Reecetrustee
Hunter Fitchtrustee
Mike Martintrustee
Nancy Parsonstrustee
Isaac GoodSecretary (recorder)
John Goodtreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$20,310
Program Service Revenue
$0
Investment Income
$57,166
Other Revenue
$0
All Other Contributions
$20,310
Change in Net Assets
$9,627
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$56,865
Other Expenses$10,984
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$56,865--$56,865
Fees for Services Management$0$10,984$0$10,984
Total Functional Expenses$56,865$10,984$0$67,849
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Iowa Yearly Meeting of FriendsOskaloosa, IA-Church Extension 22,457, Retired Ministers and Missionaries support 16,767, Missions 4,162, Leadership Development 2,203, Educational Scholarships 1,374, Mesquakie Friends in Tama, IA 177, Grounds upkeep 41.$47,181
Camp Quaker HeightsEldora, IA-Christian camp operations$5,770
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
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$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 9

John Good, 2217 15th Ave, Eldora, IA 50627; Lloyd Stangland, 3255 280th St Gilman, IA 50106; Nancy Parsons, 1032 Ironwood Ave, Richland, IA 52585; Isaac Good, PO Box 262, Union, IA 50258; Manuel Garcia, 433 North 4th St, Oskaloosa, IA 52577; Dennis Reece, PO Box 73, New Providence, IA 50206; Mike Martin, 1071 Ingram Ave, Union, IA 50258; Hunter Fitch, 562 W Main St, Fremont, IA 52561

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

The year-end financial statements and the printed 990 form with supplements is emailed to all members. These reports are reviewed by the members. A Zoom meeting is then set up before the May 15th filing date to discuss the documents. After any suggested changes are made, if any, and approval is granted by the members attending, the treasurer will file the form.

Form 990, Part VI, Section C, Line 19

Governing documents are made available upon request. Financial statement is published in Iowa Yearly Meeting of Friends annual reports.

Filing and Contact Details

Filer

Filer Name
Friends Development Fund Inc
EIN
42-1122634
Phone
6419397795
Address
411 College Ave West, Oskaloosa, IA 52577

Signing Officer

Name
John Good
Title
Treasurer
Phone
6418490782
Signed
2023-05-13

Organization Details

Principal Officer
John Good
Formed
1979
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8
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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/InvestmentsPubTradedSecGrp/BOYAmt01766696
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01481045
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Invest permanent funds for the purpose of distributing earnings to various Friends exempt entities.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt01768196
IRS990/NetAssetsOrFundBalancesEOYAmt01482545
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-295278
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd01
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0John Good
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Distributed to Camp Quaker Heights in Eldora, IA to supplement ministry work done there, as an off shoot of the Iowa Yearly Meeting of Friends.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt05770
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0Distributed to Marshalltown Friends Church in Marshalltown, IA to supplement ministry work done there.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01511
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Distributed to William Penn University in Oskaloosa, IA to supplement ministry work there, in connection with the Iowa Yearly Meeting of Friends.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1Distributed to Oskaloosa Monthly Meeting of Friends, in Oskaloosa, IA to supplement ministry work there.
IRS990/ProgSrvcAccomActyOtherGrp/Desc2Distributed to Honey Creek-New Providence Friends Church of New Providence, IA to supplement their missions programs, in connection with the Iowa Yearly Meeting of Friends.
IRS990/ProgSrvcAccomActyOtherGrp/Desc3Distributed to Grinnell Friends Church in Grinnell, IA to supplement ministry work there.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0394
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt11372
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt2159
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt3478
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt10
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt20
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt30
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt10
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt20
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt30
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0198527
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt054875
IRS990/PYInvestmentIncomeAmt0105713
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt011004
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0238361
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt065879
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0304240
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.65$0.00$1.65$0.12$0.08$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.60$0.00$1.60$0.11$0.07$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.48$0.00$1.48$0.08$0.07$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$0.30$0.07$0.24
2020Detailed filing. Detailed filing data is available for this year.$1.45$0.00$1.45$0.11$0.06$0.05
2019Summary only. Only limited summary data is available for this year.$1.33$0.00$1.33$0.07$0.06$0.01
2018Summary only. Only limited summary data is available for this year.$1.20$0.00$1.20$0.05$0.06$0.01
2017Summary only. Only limited summary data is available for this year.$1.32$0.00$1.32$0.07$0.06$0.01
2016Summary only. Only limited summary data is available for this year.$1.23$0.00$1.23$0.03$0.06$0.02
2015Summary only. Only limited summary data is available for this year.$1.20$0.00$1.20$0.11$0.06$0.05
2014Summary only. Only limited summary data is available for this year.$1.24$0.00$1.24$0.09$0.06$0.03
2013Summary only. Only limited summary data is available for this year.$1.21$0.00$1.21$0.14$0.05$0.09
2012Summary only. Only limited summary data is available for this year.$1.06$0.00$1.06$0.07$0.05$0.02
2011Summary only. Only limited summary data is available for this year.$0.98$0.00$0.98$0.09$0.05$0.04