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Friends of 400 Foundation

EIN 47-1163974 · Madison, AL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair51 out of 100GovernanceWeak39 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE GOAL OF FRIENDS OF 400 IS TO ADDRESS THE PHYSICAL, SPIRITUAL, EMOTIONAL AND RELATIONAL POVERTY EXPERIENCED BY THE CHILDREN LIVING IN THE PUBLIC HOUSING NEIGHBORHOODS OF INNER-CITY HUNTSVILLE. WE STRIVE TO ASSIST THESE FAMILIES WITH OPPORTUNITIES TO REACH THEIR FULL POTENTIAL. OUR VOLUNTEERS/DONORS WORK WITH THE ENTIRE FAMILY TO MAKE SURE THE CHILDREN HAVE THE STABILITY TO FOCUS ON SCHOOL, EXTRA-CURRICULAR ACTIVITIES AND REACHING THEIR POTENTIAL.

Income
$141,650
Spending
$354,270
Spent on programs
96%
Reserves
4.5 months of spending
Largest source of income
donations and private grants, 95%
Employees
0
Volunteers
0
Highest pay
$66,700, president/treasurer

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 51 out of 100.

  • Reserves

    20 of 35

    Spendable reserves would cover 4.5 months of spending.

  • Debt

    16 of 20

    It owes 22% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 150% of income.

  • Income trend

    0 of 15

    Income fell 50% on the year before.

  • Spending floor

    15 of 15

    96% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 39 out of 100.

  • Independent board

    18 of 25

    3 of 3 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $62,723 spent. EMERGENCY ASSISTANCE (FOOD, RENT, UTILITIES, TRANSPORTATION)
  2. $87,033 spent. EDUCATION (SCHOOL SUPPLIES, SCHOOL FEES, PAY FOR GOOD GRADES, READING INITIATIVE)
  3. $144,471 spent. FAMILY WELFARE (GOOD BEHAVIOR REWARDS, CHRISTMAS PRESENTS, SPORTS FEES/EQUIPMENT, CLUB FEES, CLOTHING/SHOES)
  4. $46,243 spent. SCOUTS (CUB SCOUTS AND BOYS SCOUTS WHICH INCLUDES GIRLS AND BOYS)

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 2014.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.