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Nonprofit · EIN 42-1122634

FRIENDS DEVELOPMENT FUND INC

Tax-exempt · OSKALOOSA, IA 52577

Financials

$122K$76K2024$153K$78K2025
Revenue Expenses · by fiscal year end
Financials of FRIENDS DEVELOPMENT FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$153,440$78,005$75,435$1,782,021$0$1,782,021
December 31, 2024990$121,828$75,585$46,243$1,649,910$0$1,649,910
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$153,440
Other revenue
$0

Expenses

Grants and similar amounts paid
$65,037
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$65,037
Management and general (functional)
$12,968

Balance sheet and other

Total assets, start of year
$1,649,910
Total assets, end of year
$1,782,021
Total liabilities, end of year
$0
Net assets, end of year
$1,782,021
Publicly traded securities
$1,780,432
Gross receipts
$153,440
Employees
0
Volunteers
7
Year formed
1979
State of legal domicile
IA

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.

NameTitleHours / weekCompensationFrom related orgs
Manuel Garciatrustee
Trustee or director
0$0$30,000
Dennis Reecetrustee
Trustee or director
0$0$0
Mike Martintrustee
Trustee or director
0$0$0
Lloyd Stanglandtrustee
Trustee or director
0$0$0
Hunter FitchPresident (Presider)
Officer
0$0$0
Isaac GoodSecretary (recorder)
Officer
0$0$0
John GoodTreasurer
Officer
1$0$0
990 for the year ended December 31, 2024: 8 people
NameTitleHours / weekCompensationFrom related orgs
Manuel Garciatrustee
Trustee or director
0$0$30,000
Dennis Reecetrustee
Trustee or director
0$0$0
Nancy Parsonstrustee
Trustee or director
0$0$0
Mike Martintrustee
Trustee or director
0$0$0
Hunter Fitchtrustee
Trustee or director
0$0$0
Isaac GoodSecretary (recorder)
Officer
0$0$0
John Goodtreasurer
Officer
1$0$0
Lloyd StanglandPresident (Presider)
Officer
0$0$0

Address and contacts

Address (IRS master file)
411 COLLEGE AVE, OSKALOOSA, IA 52577-1718
Principal officer (990 for 2025)
John Good, 2217 15th Ave, Eldora, IA 50627
Signed the 990
John Good, Treasurer
Phone
(641) 939-7795

Mission

Invest permanent funds for the purpose of distributing earnings to various Friends exempt entities.

990 for the year ended December 31, 2025

Program accomplishments

  • Distributed to Iowa Yearly Meeting of Friends in Oskaloosa, IA to supplement the following programs: Church Extension $25,653, Retired Missionaries & Minister's Support $19,153, Missions $3,334, Leadership Development $2,517 Educational Scholarships $1,570, Mesquakie Friends in Tama, IA $660 & Grounds Upkeep $47, Camp Councilor Support $2,120
    Expenses $55,054
  • Distributed to Camp Quaker Heights in Eldora, IA to supplement ministry work done there, as an off shoot of the Iowa Yearly Meeting of Friends.
    Expenses $4,474
  • Distributed to Marshalltown Friends Church in Marshalltown, IA to supplement ministry work done there.
    Expenses $1,726
  • Distributed to William Penn University in Oskaloosa, IA to supplement ministry work there, in connection with the Iowa Yearly Meeting of Friends.
    Expenses $450
  • Distributed to Oskaloosa Monthly Meeting of Friends, in Oskaloosa, IA to supplement ministry work there.
    Expenses $1,567
  • Distributed to Honey Creek-New Providence Friends Church of New Providence, IA to supplement their missions programs, in connection with the Iowa Yearly Meeting of Friends.
    Expenses $201
  • Distributed to Grinnell Friends Church in Grinnell, IA to supplement ministry work there.
    Expenses $603
  • Distributed to Friends United Meeting in Richmond, IN to supplement ministry work on the mission field.
    Expenses $962

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
42-1122634
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1979
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,782,021
Income (IRS master file)
$153,440

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$153,440$78,005$1,782,021IRS
990December 2024$121,828$75,585$1,649,910IRS
990December 2023$107,813$69,739$1,601,904IRS
990December 2022$77,476$67,849$1,482,545IRS
990December 2021–––IRS
990December 2020–––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 42-1122634).

Questions about FRIENDS DEVELOPMENT FUND INC

What is the EIN of FRIENDS DEVELOPMENT FUND INC?
The employer identification number (EIN) of FRIENDS DEVELOPMENT FUND INC is 42-1122634.
Is FRIENDS DEVELOPMENT FUND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
Are donations to FRIENDS DEVELOPMENT FUND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FRIENDS DEVELOPMENT FUND INC 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 DEVELOPMENT FUND INC 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 DEVELOPMENT FUND INC 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 DEVELOPMENT FUND INC?
The 990 for the year ended December 31, 2025 names John Good.
Who are the officers and directors of FRIENDS DEVELOPMENT FUND INC?
The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
How much revenue does FRIENDS DEVELOPMENT FUND INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $153,440, expenses of $78,005 and total assets of $1,782,021 at year end.

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