Home › Philanthropy, voluntarism & grantmaking
Friendship Foundation
Friendship Foundation reported $45.0 million in revenue and $39.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $75.66 went to program services, $24.34 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 77.1% of the total. The highest compensation it reported for one person was $594,635 (PRESIDENT & CEO). 1 person received more than $100,000 in reportable compensation. Revenue rose 3152% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $40MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $45MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 75.7% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 24.3% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 12.5% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 77.1% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $594,635 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.50% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 1 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 3.9 | 56.6 |
| Independent voting board members Part VI 1a–1b | 10 of 10 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe corporation collects grants & contributions to cover its costs and contributions to distribute to other nonprofit organizations
Friendship salem terrace operated a 79 bed assisted living facility, with an occupancy rate of 86.54% for the fiscal year. The facility had census days of 68.36 with an additional 9.68 second occupants. The organization maintains twenty four hour nursing staff. Services that the staff provide are offered in four different levels. These services include assistance with taking medicine, bathing and/or grooming, and 24 hour nursing supervision. In addition to nursing services, the organization also maintains a dietary staff in order to provide three nutritious meals
Friendship rl, llc ("frl") was formed in october 2023 as part of the acquisition of richfield living, llc. Frl is owned by Friendship Foundation and has multiple accounting entities under their employer identification number ("ein"). Entities under the frl ein number includes richfield health center ("rhc"), richfield living independent living ("rl il"), the joseph c. Thomas center ("jct"), the oaks ("oaks"), the professional building ("prof"), the daugherty road building ("dr"), and town center ("tc"). Rhc consists of a 112-bed skilled nursing facility. Rl il furnishes independent living…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Officer, 20.00 hrs/week | $0 | $573,930 | $20,705 | $594,635 |
| CFO Officer, 20.00 hrs/week | $0 | $428,120 | $14,050 | $442,170 |
| VICE PRESIDENT OF OPERATIONS - RICHFIELD Key employee, 20.00 hrs/week | $252,964 | $0 | $11,741 | $264,705 |
| NURSE MANAGER LPN Highest compensated employee, 20.00 hrs/week | $0 | $238,843 | $14,180 | $253,023 |
| VP HUMAN RESOURCES & COMPL Highest compensated employee, 20.00 hrs/week | $0 | $238,505 | $11,185 | $249,690 |
| VICE PRESIDENT OF OPERATIONS Key employee, 0.00 hrs/week | $0 | $225,591 | $13,065 | $238,656 |
| PHYSICIAN Highest compensated employee, 0.00 hrs/week | $0 | $201,520 | $2,551 | $204,071 |
| DIRECTOR OF ACCOUNTING Highest compensated employee, 20.00 hrs/week | $0 | $178,749 | $16,386 | $195,135 |
1 people received more than $100,000 in reportable compensation from Friendship Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $112K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b10 · 10 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5603
- Volunteers Part I, line 619
Correct a figure or respond
Every number above is copied from Friendship Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Friendship Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Friendship Foundation spent in FY2025, $75.66 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- Chapel & York US FoundationNew York, NY · revenue $45M · programs 99.1% · 2024
- Minneapolis Jewish FederationMinneapolis, MN · revenue $45M · programs 85.0% · 2024
- Walker Area Community FoundationJasper, AL · revenue $45M · programs 90.6% · 2025
- United Way of Greater CincinnatiCincinnati, OH · revenue $45M · programs 85.7% · FY2025
- Licking County FoundationNewark, OH · revenue $45M · programs 86.0% · 2024
All philanthropy, voluntarism & grantmaking charities · Largest charities in Virginia
Questions people ask
How much of Friendship Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Friendship Foundation reported that 75.7% of its $39.7 million in expenses went to program services, 24.3% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Friendship Foundation pay its top executive?
The largest total compensation Friendship Foundation reported for one person in the fiscal year ending June 30, 2025 was $594,635, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Friendship Foundation get its money?
Of $45.0 million in revenue in the fiscal year ending June 30, 2025, 12.5% came from contributions and grants and 77.1% from program service revenue (Form 990, Part VIII).
Is Friendship Foundation a registered charity?
The IRS lists EIN 54-1427948 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631329349300508 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202540939349301804 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441239349300444 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202340399349301379 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021 (amended), object 202200259349301300 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202013189349311466 · read the filing
All filings for EIN 54-1427948: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.