Civic Intelligence

Friendship Educational Foundation

990 • Fiscal year 2022 • EIN 83-6636499

Sep 01, 2021 to Aug 31, 2022 • Filed on Oct 11, 2023

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

47th percentile

0.15x

Higher debt load relative to assets than 47% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

55th percentile

0.27x

Higher debt load relative to revenue than 55% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

98th percentile

98%

Higher net margin than 98% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

16th percentile

$48,000

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

98th percentile

230%

Faster asset growth than 98% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

93rd percentile

110%

Faster revenue growth than 93% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$21,922,895

Up $15,287,541 (+230%) from 2021

Net Assets

Up

$18,589,700

Up $11,997,718 (+182%) from 2021

Liabilities

Up

$3,333,195

Up $3,289,823 (+7585%) from 2021

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin98th percentile

Revenue

Up

$12,195,355

Up $6,383,773 (+110%) from 2021

Expenses

Up

$237,396

Up $235,924 (+16027%) from 2021

Net Income

Up

$11,957,959

Up $6,147,849 (+106%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth98th 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

2022

Assets$21,922,895
Liabilities$3,333,195
Net Assets$18,589,700
Open 2022 Filing

Operations Trend

Revenue Growth93rd percentile

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

2022

Revenue$12,195,355
Expenses$237,396
Net Income$11,957,959
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Oct 11, 2023
Return Version
2021v4.1
Gross Receipts
$12,195,355
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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,229,066$12,850,577▲ $9,621,511
Investments in Publicly Traded Securities-$3,248,168-
Pledges and Grants Receivable-$1,479,000-
Savings and Temporary Cash Investments-$88,666-
Accounts Receivable-$5,000-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$6,635,354$21,922,895▲ $15,287,541
Other Assets Total$3,406,288$4,251,484▲ $845,196
Liabilities
Accounts Payable and Accrued Expenses$43,372$3,333,195▲ $3,289,823
Total Liabilities$43,372$3,333,195▲ $3,289,823
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,393,740$11,059,651▲ $4,665,911
Net Assets Without Donor Restrictions$198,242$7,530,049▲ $7,331,807
Total Net Assets Fund Balance$6,591,982$18,589,700▲ $11,997,718
Total Liabilities and Net Assets / Fund Balance$6,635,354$21,922,895▲ $15,287,541

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$4,251,484--
Compensation and Service Providers
Top Officer Pay16th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Joseph MintzPresidentPT$48,000$48,000

Board Members and Trustees

NameTitle
Adam CarrollDirector
Chase GreenbergDirector
Mike KaplanDirector
Portia CohenDirector
Yosef GorowitzDirector
Edward KaminskySecretary
John PollittTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
GenslerConstruction500 S FIGUEROA STREET, Los Angeles, CA 90071$514,028
Ampco ContractingConstruction17991 COWAN, Irvine, CA 92614$429,953
Revenue and Support

Revenue Composition

Contributions and Grants
$12,187,449
Program Service Revenue
$0
Investment Income
$1,455
Other Revenue
$6,451
All Other Contributions
$8,293,912
Change in Net Assets
$11,957,959

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
Securities Publicly Traded1$88,649Fair Market Value (FMV)
Total Noncash Contributions1$88,649-

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,195,355
Revenue Not Reported on Form 990
$39,759
Total Revenue per Audited Statements
$12,235,114
Total Revenue per Form 990
$12,195,355
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$237,396
Total Fundraising Expense$4,110
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$2,734$831$990$4,555
Travel$3,652--$3,652
Other Expenses$1,025-$2,563$1,025
Fees for Services Other$540$164$196$900
Insurance$415$126$150$691
Office Expenses$93$236$142$471
Fees for Services Legal$191$58$69$318
All Other Expenses-$40-$40
Total Functional Expenses$231,831$1,455$4,110$237,396

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$237,396
Total Expenses per Audited Statements$237,396
Total Expenses per Form 990$237,396
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

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

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“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, Line 19: Other Organization Documents Publicly Available

“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
Signed
2023-10-11
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Lawrence R Mitchell & Company Cpas
Address
880 APOLLO ST STE 140, EL SEGUNDO, CA 90245
Preparer
Lawrence R Mitchell CPA
Phone
3105631010
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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03406288
IRS990/OtherAssetsTotalGrp/EOYAmt04251484
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0GROUNDBREAKING EXPENSES
IRS990/OtherExpensesGrp/Desc1GRANT EXPENSE
IRS990/OtherExpensesGrp/Desc2MARKETING AND WEBSITE
IRS990/OtherExpensesGrp/Desc3PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/FundraisingAmt02563
IRS990/OtherExpensesGrp/ProgramServicesAmt0116459
IRS990/OtherExpensesGrp/ProgramServicesAmt1106722
IRS990/OtherExpensesGrp/ProgramServicesAmt21025
IRS990/OtherExpensesGrp/TotalAmt0116459
IRS990/OtherExpensesGrp/TotalAmt1106722
IRS990/OtherExpensesGrp/TotalAmt22563
IRS990/OtherExpensesGrp/TotalAmt31025
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06451
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06451
IRS990/OtherRevenueTotalAmt06451
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01479000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0JOSEPH MINTZ
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt05811582
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01472
IRS990/PYRevenuesLessExpensesAmt05810110
IRS990/PYTotalExpensesAmt01472
IRS990/PYTotalRevenueAmt05811582
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt011957959
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt03893537
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt088666
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt012231501
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt05811582
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt018043083
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01455
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01455
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt06451
IRS990ScheduleA/OtherIncome170Grp/TotalAmt06451
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt09813583
IRS990ScheduleA/SubstantialContributorsTotAmt08229500
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt012231501
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt05811582
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt018043083
IRS990ScheduleA/TotalSupportAmt018050989
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt044051
IRS990ScheduleD/ExpensesSubtotalAmt0237396
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-4292
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04251484
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/RevenueNotReportedAmt039759
IRS990ScheduleD/RevenueSubtotalAmt012195355
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04251484
IRS990ScheduleD/TotalExpensesPerForm990Amt0237396
IRS990ScheduleD/TotalRevenuePerForm990Amt012195355
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012235114
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0237396
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt088649
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY JOSEPH MINTZ, PRESIDENT OF THE ORGANIZATION, AS WELL AS THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEW 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/ExplanationTxt2DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE FRIENDSHIP FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0208575157
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORT FOR 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/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt03893537
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0THE FRIENDSHIP FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0c
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,922,895
Liabilities
$3,333,195
Net assets
$18,589,700
Revenue
$12,195,355
Expenses
$237,396
Net income
$11,957,959
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
Peer Organizations

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