Friends For Life
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Friends For Life meets the 20 Standards for Charity Accountability.
Stated Purpose:
The mission statement of this organization is: "Friends for Life helps the elderly and people with disabilities live independently as long as possible, protects and cares for those who are unable to care for themselves and brings generations together to enrich lives."
Year, State Incorporated:
1989, TX
This organization provides the following programs
- Independent Living & Quality of Life
- Guardianship
- Money Management
- Adult Day Care
To learn more about this organization's programs, please visit: http://friendsforlife.org/what-we-do/.
For the year ended August 31, 2018, Friends For Life's program expenses were:
| Registered professional guardianship | $1,033,586 |
| Adult day care | $947,091 |
| Independent living programs | $137,055 |
| Money management | $102,483 |
| Total Program Expenses | $2,220,215 |
Chief Executive
Inez Russell, Executive Director
Compensation*
$58,442
Chair of the Board
Mr. Tom Ray, Community Volunteer
Chair's Profession / Business Affiliation
Board Size
Not disclosed
Paid Staff Size
62
* Compensation includes annual salary and, if applicable, benefit plans, expense accounts and other allowances.
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Friends For Life's audited financial statements for the year ended August 31, 2018.
Source of Funds
| Program revenues | $1,925,458 |
| Cash contributions | $218,719 |
| Grants and contracts | $164,000 |
| Non-Programs revenues | $9,424 |
| Special events | $-1,451 |
| Total Income | $2,316,150 |
Programs: 90% Fundraising: 5% Administrative: 5%
| Total Income | $2,316,150 |
| Total expenses: | $2,475,429 |
| Program expenses | $2,220,215 |
| Fundraising expenses | $128,640 |
| Administrative expenses | $126,574 |
| Other expenses | $0 |
| Income in Excess of Expenses | $-159,279 |
| Beginning Net Assets | $981,491 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $822,212 |
| Total Liabilities | $341,324 |
| Total Assets | $2,262,750 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Serving the Heart of Texas