The Friendship Village Charitable Trust

Fiscal year ending 2025. Filed on October 10, 2025.

600 Park Lane
Waterloo, Iowa 50702

The Friendship Village Charitable Trust (EIN: 42-1527755) has filed an IRS Form 990 since fiscal year 2017. In its fiscal year 2025 IRS Form 990 filing, The Friendship Village Charitable Trust, a 501(c)(3) charitable organization, reported compensation for 2 employees. Among the employees shown here, the average compensation is $312,553. The highest compensated employee at The Friendship Village Charitable Trust is Lisa Gates with fiscal year 2025 compensation of $358,763.

Revenue, expenses, and employee compensation

Revenue

$4,090,613

Expenses

$6,052,091

Employee compensation

$0

Reported Compensated Employees

Lisa Gates

Former President

$358,763

$338,349 No related comp$20,414

Sherry Turner

President and Chief Executive Officer

$266,343

$238,566 No related comp$27,777

Non-Employee Board Members

Pastor Chris Rygh

Pastor Quovadis Marshall

Pastor Tom Hlad

Robert Smith Jr

Mission Statement

SUPPORT FRIENDS OF FAITH RETIREMENT HOMES, INC.

Revisions to this organization profile

October 10, 2025:

2025 The Friendship Village Charitable Trust 990 filed

November 1, 2024:

2024 The Friendship Village Charitable Trust 990 filed

September 29, 2023:

2023 The Friendship Village Charitable Trust 990 filed

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