Friends Indeed USA Inc
Nonprofit profile at a glance
- EIN
- 260110496
- IRS 990-EZ coverage
- 2012–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Bergenfield, NJ, USA
- Phone
- 2016600155
- Rating
- 61
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- International Relief
Reported finances
- Revenue
- $82,305
- Expenses
- $64,753
- Assets
- $32,682
- Liabilities
- $500
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- BETTY BUENVIAJE (PRESIDENT)
People named in this filing
- BETTY BUENVIAJE (PRESIDENT)
- LEA FRAIN (VP-OPERATIONS)
- BEVERLY DELA CRUZ (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
1) To foster and promote mutual cooperation among Filipino American organizations in the United States of America pursuant to the goals of the corporation; 2) To undertake projects that will improve the social, economic, civic, educational, cultural, charitable and spiritual well-being of its members, Filipino Americans and all Filipinos; 3) To hold fundraising events to achieve the above purposes.
What it reported doing in 2024
Jan 31 to feb 3, 2024 - medical/surgical/humanitarian mission in gingoogm misamis oriental, philippines; sept 8, 2024 - black & white gala in leonardo's pallazo in great neck, ny
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. Total assets are small relative to annual expenses; liquid coverage is unknown and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 42
- Transparency & Controls: 82
- Sustainability: 53
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 66.7%; rating input score 67
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 21.3%; rating input score 74; 74th percentile among comparable filings
- Total-asset coverage ratio: 0.5; rating input score 30; 30th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 27; 27th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 54.5% per year; rating input score 100; 94th percentile among comparable filings
- Revenue growth: 11.2% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 17.7% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: 66.7% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
- High — Sustainability: Liabilities to assets ratio scored 27/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.