Friends & Co
- Assets
- $6.6m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 8
- Location
- St Paul, MN
- Founding
- 04/2010
- Data as of
- 06/2022
- EIN
- 41-0986200
Organization Overview
Friends & Co is located in St Paul, MN. The organization was established in 2010. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Friends & Co employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends & Co is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Friends & Co generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.4% each year . All expenses for the organization totaled $990.7k during the year ending 06/2022. While expenses have increased by 5.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FRIENDS & CO. IS A NONPROFIT, VOLUNTEER-BASED ORGANIZATION WHOSE MISSION IS TO RELIEVE ISOLATION AND LONELINESS AMONG OLDER ADULTS WHILE PROMOTING INDEPENDENCE AND WELL-BEING. FRIENDS & CO. IDENTIFIES ISOLATED OLDER ADULTS AND CREATES THE OPPORTUNITY FOR LIFE-AFFIRMING CONNECTIONS AND COMPANIONSHIP THAT SUPPORT HEALTHY AGING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISITING COMPANIONS, ONE OF FRIENDS & COS CORE PROGRAMS: WHERE DEDICATED VOLUNTEERS PROVIDE COMPANIONSHIP AND FRIENDSHIP TO RELIEVE ISOLATION AND LONELINESS OF OLDER ADULTS. OLDER ADULTS ARE PAIRED WITH TRAINED VOLUNTEERS ACCORDING TO SHARED INTERESTS, BACKGROUNDS, AND/OR GEOGRAPHY. MEMBERS RECEIVE PHONE CALLS, AND SOME IN-PERSON VISITS AS SAFELY ALLOWED. PHONE COMPANIONS, ONE OF FRIENDS & COS CORE PROGRAMS: WHERE OLDER ADULTS WHO IDENTIFY AS LONELY AND ISOLATED ARE MATCHED WITH A VOLUNTEER FOR ONGOING PHONE COMPANIONSHIP. MEMBERS AND VOLUNTEER DETERMINE THEIR CALLING SCHEDULES. COFFEE TALK, A NEW FRIENDS & COS DROP-IN CHAT LINE, LAUNCHED IN FEBRUARY 2021: ANY OLDER ADULT EXPERIENCING ISOLATION AND LONELINESS IS INVITED TO ANONYMOUSLY CALL-IN MONDAY THROUGH FRIDAY BETWEEN 8 AM AND NOON. CALLS ARE ANSWERED BY COFFEE TALKERS AND ARE OVERSEEN BY STAFF. LET'S DO LUNCH CAF, A PROGRAM SHARED WITH FRIENDS & CO., PRIME TIMERS MSP, AND RAINBOW HEALTH, BRINGS TOGETHER OLDER LGBTQ+ COMMUNITY MEMBERS FOR LUNCH AND CONNECTION ON THE HOUSE. OLDER ADULTS GATHER TWICE A MONTH FOR LUNCH AND SOCIAL CONNECTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Falvey Executive Dir. | Officer | 40 | $95,372 |
Stephen Kennedy President | OfficerTrustee | 1 | $0 |
Donna Bondow Vice President | OfficerTrustee | 1 | $0 |
Sheila Chambers Secretary | OfficerTrustee | 1 | $0 |
Christina Cauble Treasurer | OfficerTrustee | 1 | $0 |
Christopher Maddox Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,876,241 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,876,241 |
| Total Program Service Revenue | $0 |
| Investment income | $10,941 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,600 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,888,849 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,220 |
| Compensation of current officers, directors, key employees. | $10,022 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $352,652 |
| Pension plan accruals and contributions | $10,818 |
| Other employee benefits | $53,560 |
| Payroll taxes | $33,959 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,073 |
| Fees for services: Accounting | $19,769 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,610 |
| Advertising and promotion | $0 |
| Office expenses | $72,639 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,655 |
| Travel | $556 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,911 |
| Insurance | $0 |
| All other expenses | $2 |
| Total functional expenses | $990,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,321 |
| Savings and temporary cash investments | $289,440 |
| Pledges and grants receivable | $833 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $55,549 |
| Net Land, buildings, and equipment | $87,354 |
| Investments—publicly traded securities | $5,860,452 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,636,949 |
| Accounts payable and accrued expenses | $89,206 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $89,206 |
| Net assets without donor restrictions | $5,953,892 |
| Net assets with donor restrictions | $593,851 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,636,949 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Friends & Co has recieved totaling $112,334.
| Awarding Organization | Amount |
|---|---|
Fred C And Katherine B Andersen Foundation Bayport, MN PURPOSE: GENERAL SUPPORT | $35,000 |
Manitou Fund White Bear Lake, MN PURPOSE: GENERAL SUPPORT | $20,000 |
Hardenbergh Foundation St Paul, MN PURPOSE: GENERAL OPERATING | $10,000 |
Onan Family Foundation Minneapolis, MN PURPOSE: GENERAL SUPPORT | $10,000 |
Jay And Rose Phillips Family Foundation Of Minnesota Minneapolis, MN PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Catholic Community Foundation Of Minnesota St Paul, MN PURPOSE: GENERAL OPERATING, PROGRAM SUPPORT | $9,251 |
Endowment Analysis
| Beg. Balance | $648,773 |
| Earnings | -$68,740 |
| Ending Balance | $580,033 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Wisconsin Agency On Aging Resources Inc Madison, WI | $13,731,196 | $42,134,890 |
Metropolitan Area Agency On Aging Inc Arden Hills, MN | $8,002,435 | $24,136,026 |
Wesley Community Services Inc Johnston, IA | $11,288,058 | $20,573,990 |
Ilife Llc Milwaukee, WI | $22,539,383 | $15,072,061 |
Northeast Iowa Area Agency On Aging Inc Waterloo, IA | $3,520,816 | $9,481,257 |
Central Minnesota Council Aging Inc Sartell, MN | $1,275,140 | $7,874,791 |
Horizon Health Inc Pierz, MN | $5,933,505 | $9,032,202 |
Interfaith Older Adult Programs Inc Milwaukee, WI | $1,903,489 | $6,806,853 |
Southeastern Minnesota Area Agency On Aging Inc Rochester, MN | $1,516,136 | $6,280,522 |
Aging And Disability Resource Center Of Brown County Inc Green Bay, WI | $5,001,556 | $6,255,599 |
Connections Area Agency On Aging Inc Council Bluffs, IA | -$414,939 | $5,568,873 |
Elderbridge Agency On Aging Mason City, IA | $4,687,674 | $5,849,519 |