FRIENDS FOR EDUCATION

EIN: 271913707 501(c)(3) Arts, Culture & Humanities

Prosper, TX

Total Revenue
$249,576
Total Expenses
$307,306
Total Assets
$24,141
Net Assets
$24,141
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
TX
Principal Officer
Ramesh Yerramsetti
Phone
4252085036
Tax Period
2024-01-01 to 2024-12-31

FRIENDS FOR EDUCATION, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $250K in total revenue in fiscal year 2024. Expenses of $307K exceeded revenue, resulting in a 23% operating deficit.

Mission

Friends for Education focuses on providing education and basic needs worldwide in the areas of holistic education, organic farming, traditional arts and music, Vedic books, youth shelters, etc.

Program Service Accomplishments

Program 1
Expenses: $3,250 Revenue: $37,436

Education (traditional agriculture, arts, culture): Promote traditional Vedic Education in various parts of US and other parts of world. Develop or procure rare books of special artistic and...

Read more

Education (traditional agriculture, arts, culture): Promote traditional Vedic Education in various parts of US and other parts of world. Develop or procure rare books of special artistic and educational significance and distribute free of cost in USA where possible. Distribute books at discounted rates on Amazon.com, Lulu.com including Amazon kindle (2019 no revenue from this source).

Program 2
Expenses: $251,020 Revenue: $212,139

Basic needs (food, clothing, shelter). Identify innovative ways of providing basic needs in the world and conduct research in fundamental ways to solve problems of food(traditional agriculture)...

Read more

Basic needs (food, clothing, shelter). Identify innovative ways of providing basic needs in the world and conduct research in fundamental ways to solve problems of food(traditional agriculture), clothing, shelter, and care. Eco Friendly Housing, Cow Shelters, School Infrastructure in developing countries. This specific grant is for school education program in Salem, TN,India and at Rural educational Center near Vadodara, India

Program 3
Expenses: $52,582 Revenue: $52,300

Supporting traditional school in Atlanta GA called Krishna Life. The school is operational as of Dec 2021.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $249,576
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $249,576

Expense Breakdown

Grants Paid $304,370
Salaries & Benefits $0
Fundraising Expenses $227
Program Expenses $306,852
Other Expenses $2,936
TOTAL EXPENSES $307,306

Year-over-Year Comparison

2024 2023 Change
Revenue $249,576 $237,606 +0.1%
Expenses $307,306 $236,868 +0.3%
Net Income $-57,730 $738 -79.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
6

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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ramesh Yerramsetti President 20
Director
$0 $0 $0
Saravanan Kanaiah Director 10
Director
$0 $0 $0
Sanjay Goel Director 10
Director
$0 $0 $0
Sunil Sommana Director 10
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
2024 $249,576 $307,306 $24,141 $-57,730
2023 $237,606 $236,868 $81,417 $738
2021 $169,321 $204,672 $43,764 $-35,351
2020 $144,503 $106,380 $79,115 $38,123
2019 $246,691 $264,809 $33,363 $-18,118
Explore More Nonprofits
Top 100 Nonprofits in Texas Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare FRIENDS FOR EDUCATION with other nonprofits in Texas and across the country.