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
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Financial Vulnerability Assessment (Tuckman-Chang)

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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.

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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 (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
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

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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
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