Nonprofit · EIN 23-1968136
FRIENDS FIDUCIARY CORPORATION
Tax-exempt · PHILADELPHIA, PA 19103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $7,266,468 | $6,830,548 | $435,920 | $828,171,905 | $805,748,986 | $22,422,919 |
| December 31, 2024 | 990 | $6,638,314 | $6,331,719 | $306,595 | $743,271,598 | $722,962,544 | $20,309,054 |
| December 31, 2023 | 990 | $6,371,357 | $5,756,864 | $614,493 | $693,159,751 | $674,109,384 | $19,050,367 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $749,436
- Program service revenue
- $5,710,285
- Investment income
- $793,453
- Net gain from sales of assets
- $104,611
- Other revenue
- $13,294
Expenses
- Grants and similar amounts paid
- $1,053,225
- Compensation of officers, directors and key employees
- $548,709
- Other salaries and wages
- $1,066,222
- Salaries, compensation and benefits (total)
- $1,851,032
- Professional fundraising fees
- $0
- Legal fees
- $69,567
- Accounting fees
- $91,103
- Occupancy
- $98,178
- Travel
- $26,694
- Depreciation
- $9,657
- Program services (functional)
- $6,245,603
- Management and general (functional)
- $584,945
Balance sheet and other
- Total assets, start of year
- $743,271,598
- Total assets, end of year
- $828,171,905
- Total liabilities, end of year
- $805,748,986
- Net assets, end of year
- $22,422,919
- Land, buildings and equipment
- $9,842
- Publicly traded securities
- $798,359,346
- Net assets without donor restrictions
- $4,707,759
- Net assets with donor restrictions
- $17,715,160
- Gross receipts
- $7,646,886
- Employees
- 11
- Volunteers
- 22
- Year formed
- 1975
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ETHAN BIRCHARD | EXECUTIVE DIRECTOR Officer | 40 | $322,923 | $22,392 |
| RICHARD KENT | CHIEF INVESTMENT OFFICER Highest-paid employee | 40 | $197,967 | $12,097 |
| ESTON GRIFFIN | DIR OF BUS DEV & CONSTIUENT RE Highest-paid employee | 40 | $189,874 | $13,347 |
| SANDY QUINN | CONTROLLER Officer | 40 | $161,825 | $32,532 |
| MIMI BLACKWELL | DR OF BUS DEV & CONST RELATION Highest-paid employee | 40 | $112,853 | $35,232 |
| BENNETT LOMAX | DIRECTOR TIL 9/25 Trustee or director | 2 | $0 | $0 |
| CHRISTIE DUNCAN-TESSMER | CHAIRPERSON Trustee or director, Officer | 10 | $0 | $0 |
| STANLEY PELLI | VICE CHAIR Trustee or director, Officer | 6 | $0 | $0 |
| CHRISTINA REPOLEY | SECRETARY/DIRECTOR TIL 09/25 Trustee or director, Officer | 2 | $0 | $0 |
| BRUCE BEATON | TREASURER TIL 09/25; DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| BETH HENRICKS | DIRECTOR; TREASURER EFF 09/25 Trustee or director, Officer | 2 | $0 | $0 |
| CARL BUTLER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DANIEL ISAACS | DIRECTOR TIL 09/25 Trustee or director | 2 | $0 | $0 |
| DOUG COSTA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ELIZABETH WIDDICOMBE | DIRECTOR; SECRETARY EFF 09/25 Trustee or director | 2 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN HELDING | DIRECTOR Trustee or director | 2 | $0 |
| JONATHAN BROWN | DIRECTOR Trustee or director | 2 | $0 |
| MARGARET PLANK | DIRECTOR Trustee or director | 2 | $0 |
| MARK MYERS | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL HOMANS | DIRECTOR Trustee or director | 2 | $0 |
| ROBERT HAYDEN JR | DIRECTOR TIL 09/25 Trustee or director | 2 | $0 |
| TAKASHI MORIUCHI | DIRECTOR Trustee or director | 2 | $0 |
| TERRY NANCE | DIRECTOR Trustee or director | 2 | $0 |
| TOM WRIGHT | DIRECTOR Trustee or director | 2 | $0 |
| TOMMY WRENN | DIRECTOR; VICE CHAIR EFF 03/25 Trustee or director, Officer | 6 | $0 |
| DIANA YANEZ | DIRECTOR EFF 09/25 Trustee or director | 2 | $0 |
| MORGAN HARTING | DIRECTOR EFF 09/25 Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD KENT | CHIEF INVESTMENT OFFICER Highest-paid employee | 40 | $190,482 | $11,443 |
| ESTON GRIFFIN | DIR OF BUS DEV & CONSTIUENT RE Highest-paid employee | 40 | $182,558 | $12,479 |
| ETHAN BIRCHARD | EXECUTIVE DIRECTOR EFF 4/24 Officer | 40 | $187,419 | $7,404 |
| SANDY QUINN | CONTROLLER Officer | 40 | $155,671 | $20,203 |
| JEFFERY W PERKINS | EXECUTIVE DIRECTOR TERM 3/24 Officer | 40 | $80,605 | $5,084 |
| BENNETT LOMAX | DIR EFF 10/24; CHAIR TERM 9/24 Trustee or director, Officer | 10 | $0 | $0 |
| CHRISTIE DUNCAN-TESSMER | CHAIR EF 10/24;V-CHAIR TM 9/24 Trustee or director, Officer | 10 | $0 | $0 |
| STANLEY PELLI | VICE CHAIR Trustee or director, Officer | 6 | $0 | $0 |
| CHRISTINA REPOLEY | SEC EFF 12/24; DIR TERM 12/24 Trustee or director, Officer | 6 | $0 | $0 |
| JOAN COUNTRYMAN | SECRETARY TERM 12/24 Trustee or director, Officer | 2 | $0 | $0 |
| BRUCE BEATON | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| BETH HENRICKS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CARL BUTLER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DANIEL ISAACS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DOUG COSTA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ELIZABETH WIDDICOMBE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN HELDING | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JONATHAN BROWN | DIRECTOR EFF 9/24 Trustee or director | 2 | $0 | $0 |
| MARGARET PLANK | DIRECTOR EFF 9/24 Trustee or director | 2 | $0 | $0 |
| MARK MYERS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL HOMANS | DIRECTOR EFF 9/24 Trustee or director | 2 | $0 | $0 |
| ROBERT HAYDEN JR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TAKASHI MORIUCHI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TERRY NANCE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TOM WRIGHT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TOMMY WRENN | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFFERY W PERKINS | EXECUTIVE DIRECTOR Officer | 40 | $271,717 | $26,447 |
| RICHARD KENT | CHIEF INVESTMENT OFFICER Highest-paid employee | 40 | $183,241 | $11,733 |
| ESTON GRIFFIN | DIRECTOR OF BUSINESS DEVELOPMENT & CONSTITUENT REL Highest-paid employee | 40 | $173,051 | $11,998 |
| SANDY QUINN | CONTROLLER Officer | 40 | $148,078 | $20,262 |
| BENNETT LOMAX | CHAIRPERSON Trustee or director, Officer | 10 | $0 | $0 |
| WILLIAM SCHMIDT | CHAIRPERSON (UNTIL JUNE 2023) Trustee or director, Officer | 10 | $0 | $0 |
| STANLEY PELLI | VICE CHAIR Trustee or director, Officer | 6 | $0 | $0 |
| CHRISTIE DUNCAN-TESSMER | VICE CHAIR Trustee or director, Officer | 6 | $0 | $0 |
| JOAN COUNTRYMAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| BRUCE BEATON | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| KEN ALDRIDGE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CARL BUTLER | DIRECTOR (FROM SEPT. 2023) Trustee or director | 2 | $0 | $0 |
| GINNY CHRISTENSEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DOUG COSTA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT HAYDEN JR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN HELDING | DIRECTOR (FROM SEPT. 2023) Trustee or director | 2 | $0 | $0 |
| BETH HENRICKS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DANIEL ISAACS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TAKASHI MORIUCHI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARK MYERS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TERRY NANCE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NORVAL D REECE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRISTINA REPOLEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ELIZABETH WIDDICOMB | DIRECTOR (FROM SEPT. 2023) Trustee or director | 2 | $0 | $0 |
| TOMMY WRENN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TOM WRIGHT | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1700 MARKET ST STE 1535, PHILADELPHIA, PA 19103-3917
- In care of
- % EXECUTIVE DIRECTOR
- Principal officer (990 for 2025)
- ETHAN BIRCHARD, 1700 Market Street Suite 1535, Philadelphia, PA 19103
- Signed the 990
- ETHAN BIRCHARD, EXECUTIVE DIRECTOR
- Phone
- (215) 241-7272
- Website
- WWW.FRIENDSFIDUCIARY.ORG
- Return prepared by
- WITHUMSMITHBROWN PC
Mission
WITHIN THE RELIGIOUS SOCIETY OF FRIENDS ARE MANY ORGANIZATIONS REQUIRING FINANCIAL SERVICES TO SUPPORT THEIR WORK. AMONG THESE ORGANIZATIONS ARE FRIENDS MEETINGS, CHURCHES, SCHOOLS, RETIREMENT COMMUNITIES AND OTHER NON-PROFIT FRIENDS GROUPS WHOSE PURPOSE IS TO ADVANCE SOME ASPECT OF THE WORK AND FAITH OF THE RELIGIOUS SOCIETY OF FRIENDS. FRIENDS FIDUCIARY CORPORATION WAS CREATED TO MEET THIS NEED. MORE SPECIFICALLY, THE PURPOSES OF FRIENDS FIDUCIARY CORPORATION ARE TO PROVIDE QUAKER VALUES ALIGNED INVESTMENT MANAGEMENT, FIDUCIARY AND CHARITABLE GIVING SERVICES FOR TAX-EXEMPT QUAKER ORGANIZATIONS. INVESTMENTS ARE MADE ACCORDING TO OUR QUAKER VALUES ALIGNED INVESTMENT CRITERIA, GUIDED BY FRIENDS TESTIMONIES AND VALUES.
Program accomplishments
- INVESTMENT MANAGEMENT SERVICES: FRIENDS FIDUCIARY CORPORATION PROVIDES PRUDENT, COST EFFECTIVE, INSTITUTIONAL INVESTMENT SERVICES FOR OVER 470 FRIENDS MEETINGS, CHURCHES, SCHOOLS AND ORGANIZATIONS. OUR SOCIALLY RESPONSIBLE INVESTMENT ACTIVITIES INCLUDE SCREENING COMPANIES, ACTIVE VOTING OF PROXIES AND SHAREHOLDER ADVOCACY, SUCH AS SHAREHOLDER RESOLUTIONS AND COMPANY DIALOGUES - ALL GUIDED BY OUR QUAKER TESTIMONIES, VALUES AND CONCERNS.Expenses $4,277,889 · revenue $5,127,003
- GRANTMAKING: FRIENDS FIDUCIARY CORPORATION SERVES AS FIDUCIARY/TRUSTEE FOR OVER 100 FUNDS RECEIVED UNDER WILL OR GIFT AGREEMENT. THESE FUNDS MAY BENEFIT SPECIFIC FRIENDS ORGANIZATIONS OR BE AVAILABLE FOR GRANTS TO FURTHER THE WORK OF FRIENDS. IN 2025, OVER 240 GRANTS WERE MADE TO CHARITIES. THESE GRANTS SUPPORTED THE WORK OF FRIENDS SCHOOLS, RETIREMENT COMMUNITIES, MEETINGS, AND OTHER CHARITABLE PURPOSES OF CONCERN TO THE RELIGIOUS SOCIETY OF FRIENDS.Expenses $1,457,613 · grants $1,053,225 · revenue $250,236
- PLANNED GIVING: FRIENDS FIDUCIARY CORPORATION PROVIDES PLANNED GIVING ADMINISTRATIVE SERVICES. FRIENDS FIDUCIARY CORPORATION HAS ISSUED APPROXIMATELY 600 CHARITABLE GIFT ANNUITIES TO BENEFIT THE WORK OF QUAKER ORGANIZATIONS WITHIN THE RELIGIOUS SOCIETY OF FRIENDS AND THE CONCERNS OF ITS MEMBERS. IN 2025, GIFTS TOTALING APPROXIMATELY $1.0 MILLION WERE RECEIVED TO ESTABLISH CHARITABLE GIFT ANNUITIES, WHICH WILL EVENTUALLY BENEFIT A VARIETY OF QUAKER ORGANIZATIONS WORKING IN AREAS OF EDUCATION, PEACE, SOCIAL JUSTICE AND OTHER CHARITABLE PURPOSES OF IMPORTANCE TO FRIENDS.Expenses $510,101 · revenue $333,046
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-1968136
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1976
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W60Z)
- Assets (IRS master file)
- $828,171,905
- Income (IRS master file)
- $7,646,886
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $7,266,468 | $6,830,548 | $828,171,905 | XML |
| 990 | December 2024 | $6,638,314 | $6,331,719 | $743,271,598 | XML |
| 990 | December 2023 | $6,371,357 | $5,756,864 | $693,159,751 | XML |
| 990 | December 2022 | $5,423,969 | $5,414,376 | $617,125,539 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-1968136).
Questions about FRIENDS FIDUCIARY CORPORATION
- What is the EIN of FRIENDS FIDUCIARY CORPORATION?
- The employer identification number (EIN) of FRIENDS FIDUCIARY CORPORATION is 23-1968136.
- Is FRIENDS FIDUCIARY CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1976.
- Are donations to FRIENDS FIDUCIARY CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does FRIENDS FIDUCIARY CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRIENDS FIDUCIARY CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDS FIDUCIARY CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FRIENDS FIDUCIARY CORPORATION?
- The 990 for the year ended December 31, 2025 names ETHAN BIRCHARD.
- Who are the officers and directors of FRIENDS FIDUCIARY CORPORATION?
- The 990 for the year ended December 31, 2025 lists 27 people; 5 received compensation from the organization, the highest $322,923 (ETHAN BIRCHARD, EXECUTIVE DIRECTOR).
- How much revenue does FRIENDS FIDUCIARY CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $7,266,468, expenses of $6,830,548 and total assets of $828,171,905 at year end.
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