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FRIENDS WITH BENEFITS FUND

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Tax-exempt status may be revoked

FRIENDS WITH BENEFITS FUND

EIN 47-5089408 · Fund Raising & Fund Distribution - Arts, Culture, and Humanities (A12)

What they do

FRIENDS WITH BENEFITS is BUILT ON A SOCIAL MISSION WITH A FOCUS ON COMMUNITY-DRIVEN EVENTS WITH WORLD-CLASS ENTERTAINMENT THROUGH THE LIVE CONCERT EXPERIENCE. OUR CORE BELIEF is "THE MUSIC WILL GIVE and BECAUSE of THAT STRONG BELIEF, WE HAVE CREATED ANNUAL EVENTS THAT BENEFIT WORTHY CHARITIES UNDER FRIENDS WITH BENEFITS FUND.

Before you give

Should I give to this charity?

Easy charity check
Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2019The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders6 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

117.48%of revenue went to mission work100.0% of expenses · Program services
$117.48spent for every $100 of revenueSpending was higher than revenue this year.
$0.01in assets for every $1 spent this yearSome assets cannot be spent right away.
11.6%of its money came from giftsOther money may come from services or investments.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $65,931 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2019

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$377,157
Mission workProgram services$443,088117.48% of revenue100.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$443,088117.48% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2019CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 117.48% of revenue
2018Expense mix: 99.8% mission · 0.2% management · 0.0% fundraisingTotal expenses: 100.96% of revenue
2017Expense mix: 98.0% mission · 2.0% management · 0.0% fundraisingTotal expenses: 95.98% of revenue
2016Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 100.84% of revenue

Money in and money out

Revenue$377,157
Expenses$443,088
Annual shortfall $65,931 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$443,088 · 100.0% of expenses
See all reported dollar amounts
Revenue$377,157
Expenses$443,088
Assets$3,687
Income$377,157
Contributions$43,800
Mission work (program services)$443,088
Grants given$12,600
Average grant$4,200
People

Leadership and board

Tax year 2019

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (6)

BRIAN BRITTINGHAMSECRETARY

GEORGE F CLAUSSEN IVPRESIDENT

HANK WHARTONVICE PRESIDENT

LISA TAYLORTREASURER

VINCENT IWINSKIBOARD MEMBER

VIRGINIA CLAUSSENBOARD MEMBER

About this charity

Location
1839 CENTRAL AVE, AUGUSTA, GA 30904
County
Richmond
In care of
GEORGE F CLAUSSEN IV
Primary officer
GEORGE F CLAUSSEN IV, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2019
Tax period began
January 1, 2019
Return type
990
Tax preparer
CHERRY BEKAERT LLP
NTEE classification
Fund Raising & Fund Distribution - Arts, Culture, and Humanities (A12)
IRS tax category
Fund Raising & Fund Distribution
Grant-giving organization
Yes
Revocation date
May 15, 2023

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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