Friends For Life Inc
- Assets
- $119.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Watertown, MN
- Founding
- 09/1993
- Data as of
- 12/2021
- EIN
- 41-1645058
Organization Overview
Friends For Life Inc is located in Watertown, MN. The organization was established in 1993. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends For Life Inc 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 12/2021, Friends For Life Inc generated $46.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (26.7%) each year. All expenses for the organization totaled $48.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
FOOD IS DISTRIBUTED TO THOSE WHO NEED IT. THE EMERGENCY FOOD IS TYPICALLY MADE AVAILABLE THROUGH DONATIONS. THE FOOD IS FREE, THERE IS NO COST TO EVERYONE AND FMAILIES, OLDER ADULTS AND PEOPLE WITH LOW INCOME ARE GENERALLY SERVED IN THE AREAS OF HOLLYWOOD, WATERTOWN, CAMDEN AND WACONIA TOWNSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Johnson Administrato | 10 | $16,243 | |
Jeff Tronnes Vice Preside | 2 | $0 | |
Kevin Butcher President | 2 | $0 | |
Sara Tronnes Secretary | 2 | $0 | |
Erica Bossert Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,078 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $46,090 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $38,173 |
| Professional fees and other payments to independent contractors | $1,070 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,747 |
| Total expenses | $47,990 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $119,048 |
| Other assets | $0 |
| Total assets | $119,048 |
| Total liabilities | $165 |
| Net assets or fund balances | $118,883 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends For Life Inc has recieved totaling $5,912.
| Awarding Organization | Amount |
|---|---|
Hunger Solutions Minnesota St Paul, MN PURPOSE: HUNGER RELIEF | $5,912 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Masonic Charities Bloomington, MN | $12,657,081 | $2,476,347 |
Heartland Industries Of Dawson Inc Alexandria, MN | $6,643,884 | $6,479,207 |
Wisconsin Communty Action Program Association Incorporated Madison, WI | $526,927 | $3,675,578 |
Center For Independent Living For Western Wisconsin Inc Menomonie, WI | $4,885,643 | $4,142,811 |
Matthew 25 Cedar Rapids, IA | $5,226,291 | $3,717,182 |
Stairstep Foundation Minneapolis, MN | $447,520 | $2,069,991 |
Rebound Inc Minneapolis, MN | $1,705,422 | $2,581,147 |
Divine Mercy Conference Faribault, MN | $576,296 | $1,827,807 |
Usta Northern Eagan, MN | $2,419,478 | $1,989,155 |
Crivitz Youth Inc Crivitz, WI | $6,211,935 | $1,738,669 |
Society Of St Vincent De Paul Of Plymouth Inc Plymouth, WI | $5,663,794 | $1,843,724 |
Baraboo St Vincent De Paul Society St Joseph Conference Inc Baraboo, WI | $2,236,869 | $1,612,477 |