2025-04-06T13:37:44-04:00 2024-12-31 851655550 YOURVIRTUALCPA PLLC 1720 T STREET WASHINGTON DC 20020 990 2024-01-01 832100439 FRIENDS OF EDTF INC FRIE 6469196609 3825 Manchester Circle Plano TX 75023 LULITE EJIGU 6469196609 2025-02-15 false true TINBITE MAMO P01968002 7039570123 2025-02-15 X 2024 2025-03-06 01:10:19Z Friends of EDTF Inc LULITE EGJIGU 3825 Manchester Circle Plano TX 75023 481962 false X X 2018 TX Friends of EDTF Inc FEDTF is established to mobilize voluntary contributions from the Ethiopian Diaspora and others who wish to support ("FEDTF") to fund the Ethiopian Diaspora Trust Fund EDTF in Ethiopia that will finance people-focused social and economic development projects in various regions of Ethiopia. 11 11 0 0 0 212116 0 269846 0 0 481962 533989 0 0 0 0 305207 0 839196 0 -357234 6083199 5725965 0 0 6083199 5725965 X Friends of EDTF Inc FEDTF is established to mobilize voluntary contributions from the Ethiopian Diaspora and others who wish to support ("FEDTF") to fund the EthiopianDiaspora Trust Fund EDTF in Ethiopia that will finance people-focused social and economic development projects in various regions of Ethiopia. false false In 2024 this public charity continued to fund the previous five projects it did since 2020. 794302 481962 794302 true false false false false false false false false false false false false false false false true false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true X 1 0 false 0 false false false false false false false false false false false false false false false false false false false false false false false false false false 11 11 false false false false false false false true true false true true true true true true true true true true false false X LULITE EGJIGU 6469196609 3825 Manchester Circle Plano TX 75023 X LULITE EJIGU CHAIRMAN 5 0 X X 0 0 MESFIN DEMISE TREASURER 5 0 X X 0 0 0 ELIAS WONDIMU MEMBER 1 0 X 0 0 0 HENOK TESFAYE MEMBER 1 0 X 0 0 0 LEMMA SENBET Phd MEMBER 1 0 X 0 0 0 MULUEMEBET CHEKOL HUNEGNAW MEMBER 1 0 X 0 0 0 SOLOMON SEYOUM MEMBER 1 0 X 0 0 0 TESFAYE DESALEGNE ABEBE MEMBER 1 0 X 0 0 0 YODIT BENALFEW MD MEMBER 1 0 X 0 0 0 TAMIRU BELAYNEH MEMBER 1 0 X 0 0 0 BIRUH TESFA WORKENEH MD MEMBER 1 0 X 0 0 0 0 0 0 0 false false false ZORAN CREATIVE STRATEGY LLC 26245 HATMOR DRIVE Calabasas CA 91302 OVERSIGHT AND PROJECT FINANCE 151475 1 212116 212116 0 269846 0 0 0 0 0 0 0 0 0 0 481962 0 0 0 533989 533989 1882 1441 441 11904 5952 5952 5307 5307 4599 3449 1150 574 287 287 15522 15522 0 1477 1477 TELEPHONE EXPENSES 2875 2875 TAXES & LICENSES 15 15 BANK FEES 739 369 370 CONTRACTORS 260313 208259 52054 0 0 0 0 839196 778927 60269 0 324556 84673 5758643 5641292 0 0 6083199 5725965 0 0 6083199 5725965 6083199 5725965 -357234 X true true X true false false X 1814588 925776 759694 314010 212116 4026184 0 0 1814588 925776 759694 314010 212116 4026184 4026184 31312 6674 15624 151977 269846 475433 0 0 4501617 0.89440 X X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 false false false false false false 0 false 0 0 0 0 0 false false false 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 481962 0 481962 0 481962 839196 0 839196 0 839196 true Ethiopia 0 0 Program services Grants to selected local charities. 200789 0 0 0 0 200789 200789 Ethiopia Program Services 29593 Wire 0 0 Cash Ethiopia Program Services 76951 Wire 0 0 Cash Ethiopia Program Services 44246 Wire 0 0 Cash Ethiopia Program Service 50000 Wire 0 0 Cash 4 false false false false false false Grantmakers Explanation For Monitoring Use of Funds Outside US onitor use of funds locally via affiliated charities as well as review of the projects. Method of Accounting Cash basis accounting. orm 990, Part I, Line 1 - Organization Mission or Significant Activities Friends of EDTF Inc FEDTF is established to mobilize voluntary contributions from the Ethiopian Diaspora and others who wish to support ("FEDTF") to fund the Ethiopian Diaspora Trust Fund EDTF in Ethiopia that will finance people-focused social and economic development projects in various regions of Ethiopia. Form 990, Part III, Line 1 - Organization Mission Friends of EDTF Inc ("FEDTF") is established to mobilize voluntary contributions from the Ethiopian Diaspora and others who wish to support FEDTF to fund the Ethiopian Diaspora Trust Fund EDTF in Ethiopia that will finance people-focused social and economic development projects in various regions of Ethiopia. Form 990, Part VI, Line 1a - Explanation of Delegated Broad Authority to Committee inance committee to review financial statements and the tax return to be filed. Form 990, Part VI, Line 1a - Explanation of Material Differences of Voting Rights None Form 990, Part VI, Line 4 - Significant Changes to Organizational Documents The original Bylaws of EDTF were amended to strengthen EDTF Leadership- A thorough and measured review of the EDTF US bylaws by a highly reputable renowned law firm have been amended and approved by a majority vote at the end of 2020 -The key revisions to the original bylaws include the following - Clarification of the EDTF US Board membership to be an independent decision-making body as required by the US law Requirement for each EDTF Board Member to be accountable on an individual basis as required by US law -Setting a term limit for the board members and putting in place a process to allow new Board members to join -Provision of flexibility to the Board to establish an operating budget -While volunteers will continue to be the backbone of EDTFs existence a sustainable and growing organization cannot FULLY depend on volunteers who could only put in the time whenever they could and who could occasionally leave with no mechanism to retain the institutional experience -The operating budget will support day to day operations and fundraising activities in the US and work with implementing partners in monitoring funded projects in Ethiopia -It will keep its operating budget lower than the federal industry standard rate of 10 often used as a benchmark for federal contracts and efficient nonprofits. EDTF also wants to reiterate that no funds donated through December 31 of 2020 will be used for operating expenses -In fact the Entity notified all donors that the operating budget changes would only come out of new donations after January 1 of 202111. Form 990, Part VI, Line 11b - Form 990 Review Process F-990 prepared in draft form and shared with the Treasurer for review and any correction. Form 990, Part VI, Line 12c - Explanation of Monitoring and Enforcement of Conflicts Any potential conflict of interest is discussed and monitored. However, since no officer or trustee is compensated nor any contracts entered into are verfied for conflicts of interest there no risks of conflicts of interest in this reporting period nor in priod reporting periods. Form 990, Part VI, Line 15a - Compensation Review & Approval Process - CEO & Top Management No one officer is compensated either in the past or during this reporting period. Form 990, Part VI, Line 15b - Compensation Review & Approval Process - Officers & Key Employees No one officer is compensated either in the past or during this reporting period. Form 990, Part VI, Line 19 - Other Organization Documents Publicly Available Both on own website and upon request.