BEST FRIENDS FOUNDATION

EIN: 521844471 501(c)(3) Education

WASHINGTON, DC

Total Revenue
$965,215
Total Expenses
$849,319
Total Assets
$247,290
Net Assets
$210,644
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
DC
Principal Officer
ELAYNE G BENNETT
Phone
2022741835
Tax Period
2024-08-01 to 2025-07-31

BEST FRIENDS FOUNDATION, founded in 1994, is a small nonprofit in the Education sector that reported $965K in total revenue in fiscal year 2024. Revenue surged 451% from the prior year, signaling strong growth momentum. Expenses of $849K left a modest 12% surplus.

Mission

BEST FRIENDS IS A YOUTH DEVELOPMENT PROGRAM WHICH PROMOTES HEALTHY SOCIAL-EMOTIONAL BEHAVIOR AND WORKS TO PREVENT STUDENT ENGAGEMENT IN ACTIVITIES THAT WOULD PUT THEM AT RISK, ESPECIALLY WITH SPECIFIC INTEREST TO BULLYING AND VIOLENCE.

Program Service Accomplishments

Program 1
Expenses: $329,209

BFF PROGRAM SEMINARS (MATERIALS, INCENTIVES, EVALUATION)

Program 2
Expenses: $300,000

SUMMER BRIDGE PROGRAM (MATERIALS, INCENTIVES, EVALUATION)

Program 3
Expenses: $9,307

BEST FRIENDS FOUNDATION SCHOLARSHIPS

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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 $965,178
Program Service Revenue $0
Investment Income $37
Other Revenue $0
TOTAL REVENUE $965,215

Expense Breakdown

Grants Paid $113,418
Salaries & Benefits $314,807
Fundraising Expenses $0
Program Expenses $638,516
Other Expenses $421,094
TOTAL EXPENSES $849,319

Year-over-Year Comparison

2024 2023 Change
Revenue $965,215 $175,126 +4.5%
Expenses $849,319 $646,786 +0.3%
Net Income $115,896 $-471,660 -1.2%
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
8
Independent Members
7
Employees
2
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
1
$195,300
Total Directors
8
$195,300
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELAYNE G BENNETT MED FOUNDER/PRESIDENT 40.00
Officer Director
$195,300 $0 $195,300
CURTIS ADAMS MD DIRECTOR 1.00
Director
$0 $0 $0
MARY MALPHRUS MBA DIRECTOR 3.00
Director
$0 $0 $0
MARTHA KENDRICK JD DIRECTOR 2.00
Director
$0 $0 $0
TIMOTHY OVERCASH CPA TREASURER 3.00
Director
$0 $0 $0
VICKI TIAHRT DIRECTOR 1.00
Director
$0 $0 $0
BRIDGET OVERCASH DIRECTOR 2.00
Director
$0 $0 $0
ROSEMARY STEIN MD VICE PRESIDENT 3.00
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
2025 $965,215 $849,319 $247,290 $115,896
2020 $537,730 $449,725 $149,768 $88,005
2019 $454,191 $428,845 $48,484 $25,346
2018 $563,503 $546,345 $195,178 $17,158
2018 $563,503 $523,802 $166,183 $39,701
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