Civic Intelligence

Best Friends Foundation

990 • Fiscal year 2020 • EIN 52-1844471

Aug 01, 2019 to Jul 31, 2020 • Filed on Apr 12, 2021

5335 Wisconsin Ave NW No 440Washington, DC 20015

(202) 394-4501

Siviq Scores

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

Liabilities / Assets

64th percentile

0.14x

Higher debt load relative to assets than 64% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

46th percentile

0.04x

Higher debt load relative to revenue than 46% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

66th percentile

16%

Higher net margin than 66% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

94th percentile

$150,000

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 27.9% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

95th percentile

209%

Faster asset growth than 95% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

73rd percentile

18%

Faster revenue growth than 73% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$149,768

Up $101,284 (+209%) from 2019

Net Assets

Up

$128,123

Up $87,755 (+217%) from 2019

Liabilities

Up

$21,645

Up $13,529 (+167%) from 2019

Revenue

Up

$537,730

Up $83,539 (+18%) from 2019

Expenses

Up

$449,725

Up $20,880 (+4.9%) from 2019

Net Income

Up

$88,005

Up $62,659 (+247%) from 2019

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $558,151Liabilities 2010: $90,257Net Assets 2010: $467,8942010Assets 2011: $334,841Liabilities 2011: $70,599Net Assets 2011: $264,2422011Assets 2012: $107,772Liabilities 2012: $48,716Net Assets 2012: $59,0562012Assets 2013: $71,778Liabilities 2013: $33,394Net Assets 2013: $38,3842013Assets 2014: $73,459Liabilities 2014: $30,088Net Assets 2014: $43,3712014Assets 2015: $30,976Liabilities 2015: $5,036Net Assets 2015: $25,9402015Assets 2017: $85,492Liabilities 2017: $59,251Net Assets 2017: $26,2412017Assets 2018: $195,178Liabilities 2018: $1,161Net Assets 2018: $194,0172018Assets 2019: $48,484Liabilities 2019: $8,116Net Assets 2019: $40,3682019Assets 2020: $149,768Liabilities 2020: $21,645Net Assets 2020: $128,1232020Assets 2021: $152,807Liabilities 2021: $24,557Net Assets 2021: $128,2502021Assets 2022: $188,750Liabilities 2022: $4,323Net Assets 2022: $184,4272022Assets 2023: $568,439Liabilities 2023: $2,031Net Assets 2023: $566,4082023

Highlighted filing

2020

Assets$149,768
Liabilities$21,645
Net Assets$128,123

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,389,2612010Expenses 2011: $835,1002011Revenue 2012: $275,931Expenses 2012: $471,704Net Income 2012: -$195,7732012Expenses 2013: $191,0652013Revenue 2014: $141,451Expenses 2014: $61,464Net Income 2014: $79,9872014Revenue 2015: $133,665Expenses 2015: $151,096Net Income 2015: -$17,4312015Revenue 2017: $529,776Expenses 2017: $560,775Net Income 2017: -$30,9992017Revenue 2018: $563,503Expenses 2018: $546,345Net Income 2018: $17,1582018Revenue 2019: $454,191Expenses 2019: $428,845Net Income 2019: $25,3462019Revenue 2020: $537,730Expenses 2020: $449,725Net Income 2020: $88,0052020Revenue 2021: $659,336Expenses 2021: $652,481Net Income 2021: $6,8552021Revenue 2022: $707,252Expenses 2022: $651,075Net Income 2022: $56,1772022Revenue 2023: $1,069,511Expenses 2023: $687,530Net Income 2023: $381,9812023

Highlighted filing

2020

Revenue$537,730
Expenses$449,725
Net Income$88,005
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Apr 12, 2021
Return Version
2019v5.2
Gross Receipts
$537,730
Mission and Program Overview

Mission

The best friends foundation provides an educational curriculum and/or group assemblies in the metropolitan washingotn dc area for adolescent girls and boys, aged 10-18, which promotes self-respect through the practice self -control by providing skills and guidance which helps them avoid risk behavior. The five basic goals of the program are:1. To develop critical thinking skills in adolescent girls and boys to enable them to progress from the concrete to the formal operational state of reasoning.2. To develop a sense of self-respect and self-worth through achievement and community service.3. To enrich the lives of adolescent girls and boys by promoting thier aspirations and providing decision making skills.4. To incorporate the school an families into the adolescent girls and boy's support system.5. To provide positive peer groups for 10-18 year old girls in which they are valued members and in which they have a sense of connection to thier school and to each other.

Best friends is a youth development program which promotes healthy social/emotional behavior and works to prevent student engagement in activities that would put them at risk, especially with specific interest to bullying and violence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$10,984$100,268▲ $89,284
Prepaid Expenses and Deferred Charges$37,500$49,500▲ $12,000
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$48,484$149,768▲ $101,284
Liabilities
Other Liabilities$0$14,540▲ $14,540
Accounts Payable and Accrued Expenses$8,116$7,105▼ $1,011
Total Liabilities$8,116$21,645▲ $13,529
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$40,368$128,123▲ $87,755
Total Net Assets Fund Balance$40,368$128,123▲ $87,755
Total Liabilities and Net Assets / Fund Balance$48,484$149,768▲ $101,284

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$12,119$12,119
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elayne G Bennett MedFounder/presidentFT$72,000$78,000$150,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$537,716
Program Service Revenue
$0
Investment Income
$14
Other Revenue
$0
All Other Contributions
$537,716
Change in Net Assets
$88,005

Noncash Contribution Practices

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

Audited Revenue Reconciliation

Revenue per Audited Statements
$537,730
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$537,730
Total Revenue per Form 990
$537,730
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$256,640
Salaries, Compensation, and Employee Benefits$157,726
Grants and Similar Amounts Paid$35,359
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$134,400$15,600-$150,000
Fees for Services Other$121,057$1,208-$122,265
Conferences and Meetings$48,995--$48,995
Grants to Domestic Individuals$35,359--$35,359
Occupancy-$28,376-$28,376
Office Expenses$5,471$19,297-$24,768
Travel$16,703--$16,703
Information Technology-$9,211-$9,211
Payroll Taxes-$7,726-$7,726
Insurance-$4,117-$4,117
Fees for Services Accounting-$2,205-$2,205
Total Functional Expenses$361,985$87,740$0$449,725

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Audited Statements$0
Total Expenses per Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$14,540
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
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
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 B, Line 11B

The management and the board of directors review the tax returns with the organizations accountants before the final return is filed it is circulated to the board of directors for review and comment.

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

Each officer and director signs a statement that affirms the recording of the organizations conflict of interest policy.

Form 990, Part VI, Section C, Line 19

Best friends foundation makes its governing documents, policies and financial statements available within a reasonable time of receipt of a request.

Filing and Contact Details

Filer

Filer Name
Best Friends Foundation
EIN
52-1844471
Phone
2023944501
Address
5335 WISCONSIN AVE NW NO 440, WASHINGTON, DC 20015

Signing Officer

Name
Elayne G Bennett
Title
President & CEO
Phone
2023944501
Signed
2021-04-12

Organization Details

Principal Officer
Elayne G Bennett
Formed
1994
Legal Domicile
Dc
Voting Board Members
8
Independent Board Members
7
Employees
1
Volunteers
0

Preparer

Firm
Caldwell & Associates LLC
Address
8120 WOODMONT AVENUE 400, BETHESDA, MD 20814
Preparer
William J Caldwell CPA
Phone
3019418090
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Payroll services: program service expenses 0. Management and general expenses 1,208. Fundraising expenses 0. Total expenses 1,208. Consultants: program service expenses 121,057. Management and general expenses 0. Fundraising expenses 0. Total expenses 121,057.

Form 990 Part XI Line 9

PRIOR PERIOD ADJUSTMENT

Financial Statement Notes

PART X, LINE 2:

Form 990 is subject to examination by the internal revenue service generally for three years after it is filed.

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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt014
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt08
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt015
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt012
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt034328
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportPY170Pct00.97970
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0343750
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0472675
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0415764
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0291353
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01970305
IRS990ScheduleA/TotalSupportAmt02004693
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012119
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt00
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PPP LOAN
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0537730
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE GENERALLY FOR THREE YEARS AFTER IT IS FILED.
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IRS990ScheduleI/GrantRecordsMaintainedInd01
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt112359
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0BEST FRIENDS SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1DONATIONS/GIFTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc1DONATIONS AND GIFTS
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt14
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MONITORS APPLICATION APPROVAL AND AWARDS OF ALL SCHOLARSHIPS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
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IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1DONATED USE OF FACILITIES
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MANAGEMENT AND THE BOARD OF DIRECTORS REVIEW THE TAX RETURNS WITH THE ORGANIZATIONS ACCOUNTANTS BEFORE THE FINAL RETURN IS FILED IT IS CIRCULATED TO THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH OFFICER AND DIRECTOR SIGNS A STATEMENT THAT AFFIRMS THE RECORDING OF THE ORGANIZATIONS CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BEST FRIENDS FOUNDATION MAKES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE WITHIN A REASONABLE TIME OF RECEIPT OF A REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,208. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,208. CONSULTANTS: PROGRAM SERVICE EXPENSES 121,057. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 121,057.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRIOR PERIOD ADJUSTMENT
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART XI LINE 9
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
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IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalRevenueGrp/ExclusionAmt014
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05335 WISCONSIN AVE NW NO 440
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020015
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0HTTP://WWW.BESTFRIENDSFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ELAYNE G BENNETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT & CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02023944501
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BEST FRIENDS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0BEST
ReturnHeader/Filer/EIN0521844471
ReturnHeader/Filer/PhoneNum02023944501
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ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020015
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0814319449
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CALDWELL & ASSOCIATES LLC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$1.07$0.69$0.38
2022Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.18$0.71$0.65$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.15$0.02$0.13$0.66$0.65$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.15$0.02$0.13$0.54$0.45$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.05$0.01$0.04$0.45$0.43$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.19$0.56$0.55$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.09$0.06$0.03$0.53$0.56$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.03$0.01$0.03$0.13$0.15$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.07$0.03$0.04$0.14$0.06$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.03$0.04$0.19
2012Summary only. Only limited summary data is available for this year.$0.11$0.05$0.06$0.28$0.47$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.07$0.26$0.84
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.09$0.47$1.39