Civic Intelligence

Friendship Educational Foundation

990 • Fiscal year 2021 • EIN 83-6636499

Sep 01, 2020 to Aug 31, 2021 • Filed on Jul 14, 2022

Organization ProfileN/A
2108 Vail AveRedondo Beach, CA 90278

(310) 214-6677

Siviq Scores

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

Liabilities / Assets

18th percentile

0.01x

Higher debt load relative to assets than 18% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

13th percentile

0.01x

Higher debt load relative to revenue than 13% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

26th percentile

$48,000

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

100th percentile

663535300%

Faster asset growth than 100% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$6,635,354

Up $6,635,353 (+663535300%) from 2020

Net Assets

$6,591,982

No earlier filing loaded for comparison.

Liabilities

Up

$43,372

Up $43,372 from 2020

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin99th percentile

Revenue

Up

$5,811,582

Up $5,811,582 from 2020

Expenses

Up

$1,472

Up $1,472 from 2020

Net Income

Up

$5,810,110

Up $5,810,110 from 2020

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$60M$40M$20M$0Assets 2020: $1Liabilities 2020: $02020Assets 2021: $6,635,354Liabilities 2021: $43,372Net Assets 2021: $6,591,9822021Assets 2022: $21,922,895Liabilities 2022: $3,333,195Net Assets 2022: $18,589,7002022Assets 2023: $47,799,981Liabilities 2023: $210,495Net Assets 2023: $47,589,4862023Assets 2024: $56,078,409Liabilities 2024: $10,710,673Net Assets 2024: $45,367,7362024

Highlighted filing

2021

Assets$6,635,354
Liabilities$43,372
Net Assets$6,591,982
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$15M$10M$5.0M$0-$5.0MRevenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $5,811,582Expenses 2021: $1,472Net Income 2021: $5,810,1102021Revenue 2022: $12,195,355Expenses 2022: $237,396Net Income 2022: $11,957,9592022Revenue 2023: $11,263,990Expenses 2023: $379,512Net Income 2023: $10,884,4782023Revenue 2024: $3,970,521Expenses 2024: $6,211,229Net Income 2024: -$2,240,7082024

Highlighted filing

2021

Revenue$5,811,582
Expenses$1,472
Net Income$5,810,110
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jul 14, 2022
Return Version
2020v4.2
Gross Receipts
$5,811,582
Mission and Program Overview

Mission

The friendship educational foundation was formed to guide the creation of the friendship campus programs and to oversee the capital campaign for the architectural and state certified planning and permitting of the friendship campus.

To educate and inspire all children and young adults to reach their full potential through educational classes and hands-on experience.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$3,229,066-
Total Assets$0$6,635,354▲ $6,635,354
Other Assets Total$0$3,406,288▲ $3,406,288
Liabilities
Accounts Payable and Accrued Expenses-$43,372-
Total Liabilities$0$43,372▲ $43,372
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$6,393,740-
Net Assets Without Donor Restrictions-$198,242-
Total Net Assets Fund Balance$0$6,591,982▲ $6,591,982
Total Liabilities and Net Assets / Fund Balance$0$6,635,354▲ $6,635,354

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$3,406,288--
Compensation and Service Providers
Top Officer Pay26th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Joseph MintzPresident/board ChairPT$48,000$48,000

Board Members and Trustees

NameTitle
Adam CarrollDirector
Chase GreenbergDirector
Josef GorowitzDirector
Mike KaplanDirector
Portia CohenDirector
John PollittCFO
Edward KaminskySecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
GenslerArchitecture And Design500 S FIGUEROA ST, Los Angeles, CA 90071$219,325
Revenue and Support

Revenue Composition

Contributions and Grants
$5,811,582
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,135,600
Change in Net Assets
$5,810,110

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$1,450,094Cost
Total Noncash Contributions1$1,450,094-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,811,582
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$781,872
Total Revenue per Audited Statements
$6,593,454
Total Revenue per Form 990
$5,811,582
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,472
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$890-$890
Office Expenses-$582-$582
Total Functional Expenses$0$1,472$0$1,472

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,472
Total Expenses per Audited Statements$1,472
Total Expenses per Form 990$1,472
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on 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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Describe the process the organization uses to review form 990. The form 990 is reviewed by joseph mintz, president of the organization, as well as the board of directors.”

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

“Describe how the organization monitors and enforces compliance with its conflict of interest policy. Review of the conflict of interest policy is performed by the board of directors and any potential conflicts are identified. Each board member signs an ethics and conflict of interest form annually.”

Form 990, Part VI, Section C, Line 19

“Describe how the organization makes its documents available to the public. Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Friendship Educational Foundation
EIN
83-6636499
Phone
3102146677
Address
2108 VAIL AVE, REDONDO BEACH, CA 90278

Signing Officer

Name
Joseph Mintz
Title
President
Phone
3102146677
Signed
2022-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Mintz
Formed
2019
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Windes Inc
Address
PO BOX 87, LONG BEACH, CA 90801-0087
Preparer
Donita M Joseph
Phone
5624351191
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1:

“The organization was formed in 2019 and had no activity until the fiscal year ending 8/31/2021. The consolidated financial statements for the year ending 8/31/2021 were prepared on the accrual basis of accounting.”

Financial Statement Notes

PART X, LINE 2:

“Fin 48: the organization recognizes the financial statement benefit of tax positions, such as filing status of tax-exempt, only after determining that the relevant tax authority would more likely than not sustain the position following an audit. The organization is subject to potential income tax audits on open tax years by any taxing jurisdiction in which it operates. The statute of limitations for federal and california state purposes is generally three and four years, respectively.”

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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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IRS990ScheduleD/TotalBookValueOtherAssetsAmt03406288
IRS990ScheduleD/TotalExpensesPerForm990Amt01472
IRS990ScheduleD/TotalRevenuePerForm990Amt05811582
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06593454
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01472
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0COST
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt01450094
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE AMOUNT REPORTED IN COLUMN REPRESENTS THE NUMBER OF CONTRIBUTIONS.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIBE THE PROCESS THE ORGANIZATION USES TO REVIEW FORM 990. THE FORM 990 IS REVIEWED BY JOSEPH MINTZ, PRESIDENT OF THE ORGANIZATION, AS WELL AS THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIBE HOW THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. REVIEW OF THE CONFLICT OF INTEREST POLICY IS PERFORMED BY THE BOARD OF DIRECTORS AND ANY POTENTIAL CONFLICTS ARE IDENTIFIED. EACH BOARD MEMBER SIGNS AN ETHICS AND CONFLICT OF INTEREST FORM ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIBE HOW THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE TO THE PUBLIC. DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION WAS FORMED IN 2019 AND HAD NO ACTIVITY UNTIL THE FISCAL YEAR ENDING 8/31/2021. THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDING 8/31/2021 WERE PREPARED ON THE ACCRUAL BASIS OF ACCOUNTING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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 XII, LINE 1:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE FRIENDSHIP FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0208575157
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO SUPPORT PARENTS AND FAMILIES WHO HAVE CHILDREN WITH SPECIAL NEEDS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02108 VAIL AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0REDONDO BEACH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd090278
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt00
IRS990/TotalAssetsEOYAmt06635354
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt06635354
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt05811582
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01472
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01472
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt043372
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt043372
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06591982
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05811582
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06635354
IRS990/TotReportableCompRltdOrgAmt048000
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt02108 VAIL AVE
IRS990/USAddress/CityNm0REDONDO BEACH
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090278
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH MINTZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03102146677
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-07-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRIENDSHIP EDUCATIONAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0FRIE
ReturnHeader/Filer/EIN0836636499
ReturnHeader/Filer/PhoneNum03102146677
ReturnHeader/Filer/USAddress/AddressLine1Txt02108 VAIL AVE
ReturnHeader/Filer/USAddress/CityNm0REDONDO BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090278
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0953001179
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WINDES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 87
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LONG BEACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0908010087
ReturnHeader/PreparerPersonGrp/PhoneNum05624351191
ReturnHeader/PreparerPersonGrp/PreparationDt02022-07-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DONITA M JOSEPH
ReturnHeader/ReturnTs02022-07-14T14:53:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOSEPH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MINTZ
ReturnHeader/TaxPeriodBeginDt02020-09-01
ReturnHeader/TaxPeriodEndDt02021-08-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,635,354
Liabilities
$43,372
Net assets
$6,591,982
Revenue
$5,811,582
Expenses
$1,472
Net income
$5,810,110
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.1$10.7$45.4$3.97$6.21$2.24
2023Detailed filing. Detailed filing data is available for this year.$47.8$0.21$47.6$11.3$0.38$10.9
2022Detailed filing. Detailed filing data is available for this year.$21.9$3.33$18.6$12.2$0.24$12.0
2021Detailed filing. Detailed filing data is available for this year.$6.64$0.04$6.59$5.81$0.00$5.81
2020Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00