Nonprofit · EIN 42-1285192
FRIENDSHIP VILLAGE FOUNDATION
Tax-exempt · WATERLOO, IA 50702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $196,568 | $353,160 | -$156,592 | $284,712 | $9,509 | $275,203 |
| June 30, 2024 | 990 | $450,237 | $802,961 | -$352,724 | $398,075 | $1,909 | $396,166 |
| June 30, 2023 | 990 | $128,256 | $293,188 | -$164,932 | $794,344 | $37,824 | $756,520 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $166,088
- Program service revenue
- $755
- Investment income
- $5,524
- Net gain from sales of assets
- -$4,109
- Net income from fundraising events
- $24,201
- Other revenue
- $24,201
Expenses
- Grants and similar amounts paid
- $348,706
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $152
- Program services (functional)
- $353,119
- Management and general (functional)
- $41
Balance sheet and other
- Total assets, start of year
- $398,075
- Total assets, end of year
- $284,712
- Total liabilities, end of year
- $9,509
- Net assets, end of year
- $275,203
- Land, buildings and equipment
- $303
- Net assets without donor restrictions
- $250,203
- Net assets with donor restrictions
- $25,000
- Gross receipts
- $495,989
- Employees
- 0
- Year formed
- 1986
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LISA GATES | PRESIDENT/CE Former | 50 | $338,349 | $20,414 |
| SHERRY TURNER | NEW PRESIDEN Key employee | 40 | $238,566 | $27,777 |
| CRAIG ANDERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DEE BERRY | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| RUTH BUCK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARSHA DENGLER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JAY HALL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RONDA DEN HERDER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JERRY JACKSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT JEFFERSON | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SONIA JOHANNSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RON KIEWIET | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JONATHAN LARSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DUANE LEWIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LINDA LUDWIG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LOIS MARSCH | BOARD MEMBER Trustee or director | 1 | $0 |
| BEV MCCADAM | TREASURER Trustee or director, Officer | 1 | $0 |
| BRAD MORRIS | BOARD MEMBER Trustee or director | 1 | $0 |
| JAY NARDINI | BOARD MEMBER Trustee or director | 1 | $0 |
| DARLENE PETERSON | BOARD MEMBER Trustee or director | 1 | $0 |
| PATTI PINT | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| DORI RESSLER | BOARD MEMBER Trustee or director | 1 | $0 |
| CHRIS RYGH | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT SACKETT | BOARD MEMBER Trustee or director | 1 | $0 |
| KEN SCHAEFER | BOARD MEMBER Trustee or director | 1 | $0 |
| CHUCK STILWILL | BOARD MEMBER Trustee or director | 1 | $0 |
| VERA WALLICAN | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LISA GATES | PRESIDENT/CE Key employee | 50 | $0 | $297,289 | $24,838 |
| DEE BERRY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RUTH BUCK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAY HALL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MERLIN HARBAUGH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RONDA DEN HERDER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVE HIGGINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVID HOLM | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JERRY JACKSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT JEFFERSON | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SONIA JOHANNSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RON KIEWIET | VICE- PRESID Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JONATHAN LARSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DUANE LEWIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LOIS MARSCH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DARLENE PETERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| PHIL PORTER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT SACKETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KEN SCHAEFER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHUCK STILWILL | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DOROTHY TEETER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| VERA WALLICAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LISA GATES | PRESIDENT/CE Key employee | 0 | $0 | $281,125 | $23,424 |
| DEE BERRY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RUTH BUCK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAY HALL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MERLIN HARBAUGH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RONDA DEN HERDER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVE HIGGINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVID HOLM | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JERRY JACKSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT JEFFERSON | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SONIA JOHANNSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RON KIEWIET | VICE- PRESID Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SCOTT LARSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DUANE LEWIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LOIS MARSCH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DARLENE PETERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| PHIL PORTER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT SACKETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KEN SCHAEFER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHUCK STILWILL | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DOROTHY TEETER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| VERA WALLICAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 600 PARK LANE, WATERLOO, IA 50702-5200
- Principal officer (990 for 2024)
- SHERRY TURNER, 600 PARK LANE, WATERLOO, IA 50703
- Signed the 990
- SHERRY TURNER, NEW PRESIDENT/CEO
- Phone
- (319) 291-8100
- Return prepared by
- CARNEY ALEXANDER MAROLD & CO LLP
Mission
SUPPORT FRIENDSHIP VILLAGE.
Program accomplishments
- THE FOUNDATION PROVIDES ACTIVITIES FOR THE RESIDENTS OF FRIENDSHIP VILLAGE AS PART OF THEIR CARE.Expenses $353,119 · grants $348,706
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1285192
- 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
- 1987
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P75Z)
- Assets (IRS master file)
- $284,712
- Income (IRS master file)
- $495,989
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $196,568 | $353,160 | $284,712 | XML |
| 990 | June 2024 | $450,237 | $802,961 | $398,075 | XML |
| 990 | June 2023 | $128,256 | $293,188 | $794,344 | XML |
| 990 | June 2022 | $137,285 | $172,086 | $907,047 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 42-1285192).
Questions about FRIENDSHIP VILLAGE FOUNDATION
- What is the EIN of FRIENDSHIP VILLAGE FOUNDATION?
- The employer identification number (EIN) of FRIENDSHIP VILLAGE FOUNDATION is 42-1285192.
- Is FRIENDSHIP VILLAGE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to FRIENDSHIP VILLAGE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does FRIENDSHIP VILLAGE FOUNDATION 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 FRIENDSHIP VILLAGE FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDSHIP VILLAGE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FRIENDSHIP VILLAGE FOUNDATION?
- The 990 for the year ended June 30, 2025 names SHERRY TURNER.
- Who are the officers and directors of FRIENDSHIP VILLAGE FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 27 people; 2 received compensation from the organization, the highest $338,349 (LISA GATES, PRESIDENT/CE).
- How much revenue does FRIENDSHIP VILLAGE FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $196,568, expenses of $353,160 and total assets of $284,712 at year end.
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