Friends Development Fund Inc
Invest permanent funds for the purpose of distributing earnings to various Friends exempt entities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+3.0% YoY
Annual Giving
$59K
+8.3% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$30K
+8.3% YoY
About Friends Development Fund Inc
Based on IRS filings
Friends Development Fund Inc is a nonprofit organization, based in OSKALOOSA, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 2 grants totaling $59K. Net investment income was $122K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,649,910 | $1,601,904 | $1,482,545 |
| Revenue | $121,828 | $107,813 | $77,476 |
| Expenses | $75,585 | $69,739 | $67,849 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $121,739 | $107,813 | $57,166 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Iowa Yearly Meeting of Friends ($52,902), Camp Quaker Heights ($6,473).
| Recipient | Purpose | Amount |
|---|---|---|
| Camp Quaker Heights Eldora, IA | Christian Camp operations | $6,473 |
| Iowa Yearly Meeting of Friends Oskaloosa, IA | Church Extension $25,180, Retired Ministers and Missionaries Support $18,799, Missions $4,217, Leadership Development $2,471, Educational Scholarships $1,541, Mesquakie Friends in Tama, IA $648, Grounds Upkeep $46. | $52,902 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Manuel Garcia | trustee | — | — |
| Dennis Reece | trustee | — | — |
| Nancy Parsons | trustee | — | — |
| Mike Martin | trustee | — | — |
| Hunter Fitch | trustee | — | — |
| Isaac Good | Secretary (recorder) | — | — |
| John Good | treasurer | 1 | — |
| Lloyd Stangland | President (Presider) | — | — |
Frequently Asked Questions
How large is Friends Development Fund Inc?
As of 2024, Friends Development Fund Inc holds $1.6M in total assets with $122K in annual revenue. It awarded 2 grants totaling $59K in 2024.
Where does Friends Development Fund Inc operate?
Friends Development Fund Inc has awarded grants in Iowa.
What size grants does Friends Development Fund Inc award?
In 2024, Friends Development Fund Inc awarded 2 grants totaling $59K — an average of about $30K per grant, based on its IRS Form 990 filings.
What is Friends Development Fund Inc's EIN?
Friends Development Fund Inc's EIN (Employer Identification Number) is 42-1122634. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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