Caring Friends Inc

EIN: 205150230 501(c)(3) Human Services

Houston, TX

Total Revenue
$274,377
Total Expenses
$136,838
Total Assets
$298,674
Net Assets
$298,674
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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
TX
Principal Officer
John Collier
Phone
7136698030
Tax Period
2021-01-01 to 2021-12-31

Caring Friends Inc, founded in 2006, is a small nonprofit in the Human Services sector that reported $274K in total revenue in fiscal year 2021. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $138K, a strong 50% operating margin.

Mission

Caring Friends, Inc. encourages, collaborates, and leverages resources with kindred spirit partners who help the hungry, the thirsty, the sick, the homeless, refugees, fire and violence victims, at-risk students in schools and apartments, and the ex-offender in re-entry.

Program Service Accomplishments

Program 1
Expenses: $130,713

Caring Friends focuses on encouraging, collaborating, and leveraging resources with other 501(c)(3) non-profits who are serving the underserved in Houston and around the world in the following areas...

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Caring Friends focuses on encouraging, collaborating, and leveraging resources with other 501(c)(3) non-profits who are serving the underserved in Houston and around the world in the following areas: safe water; medical services; ex-offender support; clothing; food; homeless and refugee work; leadership, character and reconciliation training. Apartment Outreach: working with Urban Outreach (24 apartment complexes), Weekley YMCA (2 apartments), and advocating community support for after-school outreach in at-risk communities and neighborhoods. Homeless Adults and Youth, Veterans, Unemployed, Families in crisis, Human Trafficking: partnered with on the ground ministries Spirit Key, Inc, Malachi Destiny and Purpose, Jesus Alpha and Omega Family Ministries, across Houston. Schools and Education At Risk: sponsored book distribution (6 free books per child) at Shearn Elementary; supported Books Between Kids in Houston; Booker T. Washington Essay contest Alief ISD High Schools; Good Reader programs. Women's Storybook ministry for mothers in prison provides recordings to their kids at home; Christmas/Thanksgiving donations to PACT and City of Houston efforts; Rice University Community Service Award Grant. Underserved and Medical Care: Rice Global 360 intern for R&D high tech, low-cost medical devices for low resource countries: BETA International work in biomedical repair/design work in Haiti and Tanzania; Pro Salud preventive health work Hispanic/Latinos Houston; Haiti biomedical training conference. Multicultural and International: multi-year partner providing stipends/awards for refugee students via Partnership for Advancement and Immersion of Refugees (PAIR) volunteers from Rice University and the University of Houston; SENT Ministries/Hispanic at-risk youth; Christian Mission in Many Lands. Water/Food: biosand filters with Pure Water for the World, water wells with Living Water; domestic support for food for homeless/at-risk adults/youth at Spirit Key and Covenant House.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $274,342
Program Service Revenue $0
Investment Income $35
Other Revenue $0
TOTAL REVENUE $274,377

Expense Breakdown

Grants Paid $113,245
Salaries & Benefits $15,388
Fundraising Expenses $1,059
Program Expenses $130,713
Other Expenses $8,205
TOTAL EXPENSES $136,838

Year-over-Year Comparison

2021 2020 Change
Revenue $274,377 $167,495 +0.6%
Expenses $136,838 $164,589 -0.2%
Net Income $137,539 $2,906 +46.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
3
Employees
1
Volunteers
3

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$14,700
Total Directors
4
$14,700
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Collier President 40.00
Officer Director
$9,000 $5,700 $14,700
Jeff Springmeyer Chairman 1.00
Officer Director
$0 $0 $0
Jim Donnell Vice Chairman 1.00
Officer Director
$0 $0 $0
Ashley Madray Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $274,377 $136,838 $298,674 $137,539
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