Friends Development Fund Inc
Invest permanent funds for the purpose of distributing earnings to various Friends exempt entities.
Friends Development Fund Inc at a glance
In short: Friends Development Fund Inc gave $55K across 1 grant in 2025 (avg $55K), mostly in Iowa. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $55,054
- -7.3% vs 2024
- Grants made (2025)
- 1
- -50.0% vs 2024
- Average grant
- $55,054
- +85.4% vs 2024
- Median grant
- $55,054
- Total assets
- $1,782,021
- +8.0% vs 2024
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Friends Development Fund Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Iowa Yearly Meeting of Friends ($55K).
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 7 grants of 9 (78%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Friends Development Fund Inc gives
- Giving held roughly steady from 2022 to 2025 (+4%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $49K (2020) to $59K (2024). In 2025 it made 1 grant totaling $55K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Iowa Yearly Meeting of Friends Oskaloosa, IA | Church Extension $25,653. Retired Ministers and Missionaries support $19,153, Missions $3,334, Leadership Development $2,517, Educational Scholarships $1,570, Mesquakie Friends in Tama IA $660, Office grounds upkeep $47, and Camp Counselor Support $2,120 | $55,054 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $1,782,021 | $153,440 | $78,005 | $55,054 | 1 | $153,440 |
| 2024 | $1,649,910 | $121,828 | $75,585 | $59,375 | 2 | $121,739 |
| 2023 | $1,601,904 | $107,813 | $69,739 | $54,841 | 2 | $107,813 |
| 2022 | $1,482,545 | $77,476 | $67,849 | $52,951 | 2 | $57,166 |
| 2021 | $1,768,196 | $304,240 | $65,879 | $51,381 | 2 | $105,713 |
| 2020 | $1,454,390 | $107,724 | $61,862 | $48,605 | 2 | $93,241 |
About Friends Development Fund Inc
Based on IRS filings
Friends Development Fund Inc is a public charity, based in Oskaloosa, IA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.8M in total assets. In 2025, it awarded 1 grant totaling $55K. Net investment income was $153K.
Leadership & Key People
Officers and directors from IRS filings
Friends Development Fund Inc is led by Hunter Fitch, President since 2025 (on filings since 2022); none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
Hunter Fitch
President
Trustee → President, 2025
On filings since 2022
No compensation reported
Lloyd Stangland
Trustee
President → Trustee, 2025
On filings since 2020
No compensation reported
Dennis Reece
Trustee
On filings since 2021
No compensation reported
Manuel Garcia
Trustee
On filings since 2021
No compensation reported
Mike Martin
Trustee
On filings since 2022
No compensation reported
Isaac Good
Secretary
On filings since 2020
No compensation reported
John Good
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Former officers (5)
- Former: Nancy Parsons (2020–2024) — Trustee
- Former: John Rains (2020–2021) — Trustee
- Former: Randall Nichols (2020–2021) — Trustee
- Former: Ron Bryan (2020) — Trustee
- Former: Tom Showalter (2020) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Friends Development Fund Inc
How much does Friends Development Fund Inc give each year?
Friends Development Fund Inc gave $55K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $59K across 2 grants.
How large is Friends Development Fund Inc?
Friends Development Fund Inc reported $1.8M in total assets on its 2025 IRS Form 990. Its revenue that year was $153K.
Where does Friends Development Fund Inc operate?
Friends Development Fund Inc has awarded grants in Iowa.
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2025 (received by the IRS May 9, 2026)
- IRS filings on file for fiscal years 2020–2024
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Figures come from Friends Development Fund Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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