Civic Intelligence

Friend Ships

990 • Fiscal year 2022 • EIN 46-2878325

Jun 01, 2021 to May 31, 2022 • Filed on Aug 16, 2022

1019 N 1st AvenueLake Charles, LA 70601

(337) 433-5022

Siviq Scores

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

Liabilities / Assets

49th percentile

0.06x

Higher debt load relative to assets than 49% of similar nonprofits.

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

Liabilities / Revenue

54th percentile

0.10x

Higher debt load relative to revenue than 54% of similar nonprofits.

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

Net Margin

26th percentile

-5.4%

Higher net margin than 26% of similar nonprofits.

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

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

54th percentile

2.9%

Faster asset growth than 54% of similar nonprofits.

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

Revenue Growth

65th percentile

19%

Faster revenue growth than 65% of similar nonprofits.

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

Assets

Up

$2,732,214

Up $76,619 (+2.9%) from 2021

Net Assets

Down

$2,567,214

Down $88,381 (-3.3%) from 2021

Liabilities

Up

$165,000

Up $165,000 from 2021

Revenue

Up

$1,634,834

Up $262,050 (+19%) from 2021

Expenses

Up

$1,723,215

Up $294,819 (+21%) from 2021

Net Income

Down

-$88,381

Down $32,769 (-59%) from 2021

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2018: $4,285,417Liabilities 2018: $0Net Assets 2018: $4,285,4172018Assets 2019: $4,430,175Liabilities 2019: $0Net Assets 2019: $4,430,1752019Assets 2020: $4,343,469Liabilities 2020: $0Net Assets 2020: $4,343,4692020Assets 2021: $2,655,595Liabilities 2021: $0Net Assets 2021: $2,655,5952021Assets 2022: $2,732,214Liabilities 2022: $165,000Net Assets 2022: $2,567,2142022Assets 2023: $2,562,662Liabilities 2023: $165,000Net Assets 2023: $2,397,6622023Assets 2024: $3,310,771Liabilities 2024: $165,000Net Assets 2024: $3,145,7712024Assets 2025: $3,995,943Liabilities 2025: $165,000Net Assets 2025: $3,830,9432025

Highlighted filing

2022

Assets$2,732,214
Liabilities$165,000
Net Assets$2,567,214

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2018: $4,781,916Expenses 2018: $519,630Net Income 2018: $4,262,2862018Revenue 2019: $1,034,413Expenses 2019: $889,655Net Income 2019: $144,7582019Revenue 2020: $743,454Expenses 2020: $830,160Net Income 2020: -$86,7062020Revenue 2021: $1,372,784Expenses 2021: $1,428,396Net Income 2021: -$55,6122021Revenue 2022: $1,634,834Expenses 2022: $1,723,215Net Income 2022: -$88,3812022Revenue 2023: $195,544Expenses 2023: $326,017Net Income 2023: -$130,4732023Revenue 2024: $1,162,719Expenses 2024: $414,610Net Income 2024: $748,1092024Revenue 2025: $1,614,885Expenses 2025: $929,713Net Income 2025: $685,1722025

Highlighted filing

2022

Revenue$1,634,834
Expenses$1,723,215
Net Income-$88,381
Jump To
Filing Snapshot
Filing Period
Jun 1, 2021 to May 31, 2022
Signed
Aug 16, 2022
Return Version
2021v4.0
Gross Receipts
$1,634,834
Mission and Program Overview

Mission

Friend Ships provides humanitarian aid, medical services and disaster relief to victims of natural disaster, war and poverty.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,088,865$2,172,680▲ $83,815
Inventories for Sale or Use$559,085$546,898▼ $12,187
Cash and Non-Interest-Bearing Accounts$7,645$12,636▲ $4,991
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
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$2,655,595$2,732,214▲ $76,619
Other Assets Total$0$0→ $0
Liabilities
Unsecured Notes Loans Payable$0$165,000▲ $165,000
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$165,000▲ $165,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,655,595$2,567,214▼ $88,381
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$2,655,595$2,567,214▼ $88,381
Total Liabilities and Net Assets / Fund Balance$2,655,595$2,732,214▲ $76,619

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,600,680$81,185$1,681,865
Land$572,000-$572,000
Buildings$0$0$0
Other Land Buildings$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Donald H TiptonExecutive Director, President
Sandra TiptonDirector, Secretary
Teresa ShieldsDirector, Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,579,734
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$55,100
All Other Contributions
$1,579,734
Change in Net Assets
$-88,381

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Clothing and Household Goods-$804,522Fair Market Value (FMV)
Other Non Cash Contri Table6$437,832Fair market value
Food Inventory50$59,890Fair Market Value (FMV)
Other Non Cash Contri Table8$38,917Fair market value
Cars and Other Vehicles1$8,600Fair Market Value (FMV)
Drugs and Medical Supplies3$4,220Fair Market Value (FMV)
Total Noncash Contributions68$1,353,981-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,366,169
Other Expenses$357,046
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$1,232,856--$1,232,856
Grants to Domestic Orgs$133,313--$133,313
Depreciation Depletion$26,185$55,000$0$81,185
Other Expenses$43,980$5,459$0$49,439
Occupancy$27,180$2,103$0$29,283
Fees for Services Other$8,953$0$0$8,953
Office Expenses$5,441$0$0$5,441
Insurance$3,388$0$0$3,388
Travel$1,215$0$0$1,215
Total Functional Expenses$1,639,995$83,220$0$1,723,215
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of Jean LafitteLafitte, LAGovernmentHurricane disaster relief$0
City of RefugeVinton, LA501(c)(3)Housing assistance for homeless veterans$0
Immaculate Heart of MaryLake Charles, LA501(c)(3)Hurricane disaster relief$0
Lake Charles Fire DepartmentLake Charles, LAGovernmentHurricane relief$0
Lake Charles Pit Bull RescueLake Charles, LA501(c)(3)Animal rescue$0
Southwest Louisiana Property MaintenanceLake Charles, LAGovernmentHurricane disaster relief$0
St Anthonys GalvestonHouston, TX501(c)(3)Food assistance to impoverished families and individuals$0
The River ChurchLake Charles, LA501(c)(3)Hurricane disaster relief$0
The Vinyard ChurchLake Charles, LA501(c)(3)Hurricane disaster relief$0

International Summary

Offices
0
Employees
0
Spending
$715,844

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Middle East and North AfricaGrantmakingDistribution of medicine and medical supplies to Gaza.00$280,202
Russia and the newly independent StatesGrantmakingDelivery of war relief goods ito Romania for the benefit of Ukranian refugees including clothing, personal care items and household goods.00$266,380
Central America and the CaribbeanGrantmakingDelivery of disaster relief supplies to Haiti including food, clothing, personal care items and vinyl.00$169,262
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
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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

Director Sandra Tipton is the wife of Director Donald Tipton. Director Teresa Shields is the daughter of Donald Tipton.

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

A copy of the prepared 990 and supporting materials is made available to each member of the Board of Directors for review, comment and correction, as necessary.

Form 990, Part VI, Section B, Line 12C

As a general policy, no business, exchange of funds or goods is conducted with the governming board, related parties, volunteers for the organization or former board members, related parties or volunteers. The Board of Directors reviews all agreements and contracts for compliance with the conflict of interest policy on an ongoing basis.

Form 990, Part VI, Section C, Line 19

The 990 is availabe on GuideStar.org and upon request. Other documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Friend Ships
EIN
46-2878325
Phone
3374335022
Address
1019 N 1st Avenue, Lake Charles, LA 70601

Signing Officer

Name
Sandra Tipton
Title
Director
Phone
3374335022
Signed
2022-08-16

Organization Details

Principal Officer
Sandra Tipton
Formed
2013
Legal Domicile
La
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
80
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IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
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IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd01
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt02655595
IRS990/NetAssetsOrFundBalancesEOYAmt02567214
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
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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/RelatedOrExemptFuncIncomeAmt055100
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt055100
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02655595
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02567214
IRS990/NoncashContributionsAmt01353982
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02103
IRS990/OccupancyGrp/ProgramServicesAmt027180
IRS990/OccupancyGrp/TotalAmt029283
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt05441
IRS990/OfficeExpensesGrp/TotalAmt05441
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
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IRS990/OtherExpensesGrp/Desc1Repairs
IRS990/OtherExpensesGrp/Desc2Supplies
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IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt120658
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25459
IRS990/OtherExpensesGrp/ProgramServicesAmt06000
IRS990/OtherExpensesGrp/ProgramServicesAmt1151484
IRS990/OtherExpensesGrp/ProgramServicesAmt243980
IRS990/OtherExpensesGrp/TotalAmt06000
IRS990/OtherExpensesGrp/TotalAmt1172142
IRS990/OtherExpensesGrp/TotalAmt249439
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
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IRS990/PartialLiquidationInd00
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IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt00
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IRS990/PensionPlanContributionsGrp/FundraisingAmt00
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Sandra Tipton
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Domestic: Food assistance, disaster relief and COVID prevention.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0229923
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0134313
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01370621
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01004784
IRS990/PYInvestmentIncomeAmt02163
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
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IRS990/PYOtherExpensesAmt0423612
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-55612
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01428396
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01372784
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-88381
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
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IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
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