FRIENDS FOUNDATION OF THE CAROLINAS

EIN: 920441960 501(c)(3) Human Services

CHARLOTTE, NC

Total Revenue
$679,527
Total Expenses
$585,185
Total Assets
$702,741
Net Assets
$379,800
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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
NC
Principal Officer
DUKE ALMON
Phone
7047789114
Tax Period
2025-01-01 to 2025-12-31

FRIENDS FOUNDATION OF THE CAROLINAS, founded in 2022, is a small nonprofit in the Human Services sector that reported $680K in total revenue in fiscal year 2025. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $585K left a modest 14% surplus.

Mission

TO CREATE AND MAINTAIN A COMMUNITY SUPPORT SYSTEM TO HELP ENHANCE THE LIFE EXPERIENCE OF THOSE LIVING WITH NEUROMUSCULAR DISEASE.

Program Service Accomplishments

Program 1
Expenses: $377,561

RECEIVED 17 APPLICATIONS REQUESTING ASSISTANCE, ALONG WITH 1 EMERGENCY REQUEST. THANKS TO THE GENEROSITY OF OUR SUPPORTERS, WE WERE ABLE TO FULFILL 8 OF THOSE 17 APPLICATIONS AND RESPOND TO THE...

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RECEIVED 17 APPLICATIONS REQUESTING ASSISTANCE, ALONG WITH 1 EMERGENCY REQUEST. THANKS TO THE GENEROSITY OF OUR SUPPORTERS, WE WERE ABLE TO FULFILL 8 OF THOSE 17 APPLICATIONS AND RESPOND TO THE EMERGENCY REQUEST AWARDING A TOTAL OF 9 GRANTS IN 2025.IN ALL, WE DISTRIBUTED $377,561 TO PROVIDE WHEELCHAIR-ACCESSIBLE VANS AND OTHER UNINSURED ACCESSIBILITY-RELATED SOLUTIONS FOR FAMILIES AND INDIVIDUALS LIVING WITH NEUROMUSCULAR DISEASE.

Program 2
Expenses: $54,015

WE HOSTED 5 FUN SOCIAL EVENTS FOR LOCAL FAMILIES LIVING WITH NEUROMUSCULAR DISEASE TO MAKE FRIENDS, AND FORM BONDS WITH OTHERS WHO ARE NAVIGATING SIMILAR CHALLENGES. EVENTS INCLUDED MUSIC TRIVIA...

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WE HOSTED 5 FUN SOCIAL EVENTS FOR LOCAL FAMILIES LIVING WITH NEUROMUSCULAR DISEASE TO MAKE FRIENDS, AND FORM BONDS WITH OTHERS WHO ARE NAVIGATING SIMILAR CHALLENGES. EVENTS INCLUDED MUSIC TRIVIA, CHARLOTTE KNIGHTS BASEBALL, ACTIVITIES DAY AT CAMP BETHELWOODS, CAROLINA PANTHERS WATCH PARTY AND A HOLIDAY PARTY. 1K+ EVENT ATTENDEES.

Program 3
Expenses: $63,753

WE HOSTED A FAMILY CAMP WEEKEND FOR FAMILIES LIVING WITH NEUROMUSCULAR DISEASE AT VICTORY JUNCTION CAMP, OCT 10TH - 12TH. FAMILY CAMP WEEKEND, ALLOWS FAMILIES TO ENGAGE IN CAMP ACTIVITIES, SUCH AS...

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WE HOSTED A FAMILY CAMP WEEKEND FOR FAMILIES LIVING WITH NEUROMUSCULAR DISEASE AT VICTORY JUNCTION CAMP, OCT 10TH - 12TH. FAMILY CAMP WEEKEND, ALLOWS FAMILIES TO ENGAGE IN CAMP ACTIVITIES, SUCH AS HORSEBACK RIDING, BOWLING, FISHING, ARTS & CRAFTS, ZIPLINING, SWIMMING, ETC. WITHIN A MEDICALLY SAFE, STATE-OF-THE-ART FACILITY AND JUST HAVE FUN! LEAVING RESTRICTIONS THEY FACE BEHIND AS THE IMPOSSIBLE BECOMES POSSIBLE IN A FULLY ACCESSIBLE AND ADAPTIVELY EQUIPPED ENVIRONMENT. IN PARTNERSHIP WITH VICTORY JUNCTION, WE OFFER OPPORTUNITIES FOR PEOPLE LIVING WITH NEUROMUSCULAR DISEASE AND THEIR FAMILIES TO ATTEND A FREE FAMILY CAMP EXPERIENCE. 100 CAMP ATTENDEES

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Trantor Score

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $697,491
Program Service Revenue $0
Investment Income $3,986
Other Revenue $-21,950
TOTAL REVENUE $679,527

Expense Breakdown

Grants Paid $377,561
Salaries & Benefits $61,941
Fundraising Expenses $328
Program Expenses $557,271
Other Expenses $145,683
TOTAL EXPENSES $585,185

Year-over-Year Comparison

2025 2024 Change
Revenue $679,527 $588,721 +0.2%
Expenses $585,185 $402,208 +0.5%
Net Income $94,342 $186,513 -0.5%
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
7
Independent Members
7
Employees
1
Volunteers
30

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
5
$57,500
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STUART SHERRILL BOARD MEMBER 1.00
Director
$0 $0 $0
ROB RUSCH BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHANIE BOURGEOIS BOARD MEMBER 1.00
Director
$0 $0 $0
DUKE ALMON PRESIDENT 10.00
Officer Director
$0 $0 $0
DAVID MARR TREASURER 5.00
Officer Director
$0 $0 $0
CAMERON SHERRILL SECRETARY 1.00
Officer Director
$0 $0 $0
TODD DEWEY VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
LISA SWICEGOOD EXECUTIVE DIRECTOR 30.00
Officer
$57,500 $0 $57,500
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 $679,527 $585,185 $702,741 $94,342
2024 $588,721 $402,208 $336,453 $186,513
2023 $597,277 $505,493 $149,940 $91,784
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