Civic Intelligence

Friends Development Fund Inc.

990 • Fiscal year 2023 • EIN 42-1122634

Jan 01, 2023 to Dec 31, 2023 • Filed on May 14, 2024

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.

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

Liabilities / Revenue

17th percentile

0.00x

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

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

Net Margin

85th percentile

35%

Higher net margin than 85% of similar nonprofits.

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

Top Officer Pay

52nd percentile

$66,420

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 61.6% of source-year revenue.

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

Asset Growth

59th percentile

8.1%

Faster asset growth than 59% of similar nonprofits.

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

Revenue Growth

79th percentile

39%

Faster revenue growth than 79% of similar nonprofits.

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

Assets

Up

$1,601,904

Up $119,359 (+8.1%) from 2022

Net Assets

Up

$1,601,904

Up $119,359 (+8.1%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$107,813

Up $30,337 (+39%) from 2022

Expenses

Up

$69,739

Up $1,890 (+2.8%) from 2022

Net Income

Up

$38,074

Up $28,447 (+295%) from 2022

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

2023

Assets$1,601,904
Liabilities$0
Net Assets$1,601,904

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

2023

Revenue$107,813
Expenses$69,739
Net Income$38,074
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 14, 2024
Return Version
2023v5.0
Gross Receipts
$107,813
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,481,045$1,600,404▲ $119,359
Cap Stk Tr Prin Current Funds$1,538,067$1,538,067→ $0
Rtn Earn Endowment Incm Other Fnds$-55,522$63,837▲ $119,359
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
Total Assets$1,482,545$1,601,904▲ $119,359
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$1,482,545$1,601,904▲ $119,359
Total Liabilities and Net Assets / Fund Balance$1,482,545$1,601,904▲ $119,359
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
$0
Program Service Revenue
$0
Investment Income
$107,813
Other Revenue
$0
Change in Net Assets
$38,074
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$58,963
Other Expenses$10,776
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$58,963--$58,963
Fees for Services Management$0$10,776$0$10,776
Total Functional Expenses$58,963$10,776$0$69,739
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Iowa Yearly Meeting of FriendsOskaloosa, IA-Church Extension 23,258, Retired Ministers and Missionaries support 17,365, Missions 4311, Leadership Development 2282, Educational Scholarships 1423, Mesquakie Friends in Tama, IA 184, Grounds Upkeep 42,$48,865
Camp Quaker HeightsEldora, IA-Christian camp operations$5,976
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 was emailed to all members on May 11th. These reports are to be reviewed by the members. Any questions are addressed through a "reply all" email. After any suggested changes, if any, are approved and made, general approval is to be granted by the individual members. Contingent on this approval, the Treasurer will file the form before or on May 15th.

Form 990, Part VI, Section C, Line 19

Governing documents are made available upon request. The year end financial statement is published in the 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
2024-05-14

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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IRS990/InvestmentsPubTradedSecGrp/BOYAmt01481045
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01600404
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/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/NetAssetsOrFundBalancesBOYAmt01482545
IRS990/NetAssetsOrFundBalancesEOYAmt01601904
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/NetUnrlzdGainsLossesInvstAmt081285
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/ExpenseAmt05976
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0Distributed to Marshalltown Friends Church in Marshalltown, IA to supplement ministry work done there.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01565
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/ExpenseAmt0408
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt11421
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt2182
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt3546
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/PYContributionsGrantsAmt020310
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt056865
IRS990/PYInvestmentIncomeAmt057166
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt010984
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt09627
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt067849
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt077476
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt038074
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00

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