FRIENDS OF 400 FOUNDATION

EIN: 471163974 501(c)(3) Unknown

MADISON, AL

Total Revenue
$141,650
Total Expenses
$354,270
Total Assets
$251,357
Net Assets
$195,704
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
AL
Principal Officer
SHELLIE MITCHELL
Phone
2566033395
Tax Period
2025-01-01 to 2025-12-31

FRIENDS OF 400 FOUNDATION, founded in 2014, is a small nonprofit in the Unknown sector that reported $142K in total revenue in fiscal year 2025. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $354K exceeded revenue, resulting in a 150% operating deficit.

Mission

THE GOAL OF FRIENDS OF 400 IS TO ADDRESS THE PHYSICAL, SPIRITUAL, EMOTIONAL AND RELATIONAL POVERTY EXPERIENCED BY THE CHILDREN LIVING IN THE PUBLIC HOUSING NEIGHBORHOODS OF INNER-CITY HUNTSVILLE. WE STRIVE TO ASSIST THESE FAMILIES WITH OPPORTUNITIES TO REACH THEIR FULL POTENTIAL. OUR VOLUNTEERS/DONORS WORK WITH THE ENTIRE FAMILY TO MAKE SURE THE CHILDREN HAVE THE STABILITY TO FOCUS ON SCHOOL, EXTRA-CURRICULAR ACTIVITIES AND REACHING THEIR POTENTIAL.

Program Service Accomplishments

Program 1
Expenses: $62,723

EMERGENCY ASSISTANCE (FOOD, RENT, UTILITIES, TRANSPORTATION)

Program 2
Expenses: $87,033

EDUCATION (SCHOOL SUPPLIES, SCHOOL FEES, PAY FOR GOOD GRADES, READING INITIATIVE)

Program 3
Expenses: $144,471

FAMILY WELFARE (GOOD BEHAVIOR REWARDS, CHRISTMAS PRESENTS, SPORTS FEES/EQUIPMENT, CLUB FEES, CLOTHING/SHOES)

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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 (2025)

Revenue Breakdown

Contributions & Grants $134,831
Program Service Revenue $0
Investment Income $6,819
Other Revenue $0
TOTAL REVENUE $141,650

Expense Breakdown

Grants Paid $74,470
Salaries & Benefits $173,263
Fundraising Expenses $0
Program Expenses $340,470
Other Expenses $106,537
TOTAL EXPENSES $354,270

Year-over-Year Comparison

2025 2024 Change
Revenue $141,650 $281,857 -0.5%
Expenses $354,270 $311,371 +0.1%
Net Income $-212,620 $-29,514 +6.2%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
$66,700
Total Directors
3
$66,700
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHELLIE MITCHELL PRESIDENT/TREASURER 33.00
Officer Director
$66,700 $0 $66,700
BRENT MITCHELL SECRETARY 3.00
Officer Director
$0 $0 $0
KERI FLETCHER VICE PRESIDENT 6.00
Officer 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
2025 $141,650 $354,270 $251,357 $-212,620
2024 $281,857 $311,371 $413,281 $-29,514
2023 $352,584 $169,018 $469,980 $183,566
2022 $242,754 $55,149 $254,272 $187,605
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