Friends Network
- Assets
- $29.5k
- Revenue
- $318.3k
- Investments
- $0.0
- Employees
- 4
- Location
- St Paul, MN
- Founding
- 04/2001
- Data as of
- 06/2022
- EIN
- 41-1973985
Organization Overview
Friends Network is located in St Paul, MN. The organization was established in 2001. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2022, Friends Network employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Network 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 Network generated $318.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $379.4k during the year ending 06/2022. While expenses have increased by 12.6% 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 NETWORK RECRUITS, TRAINS AND SENDS TEACHERS AND EVANGELISTS FOR MISSION WORK IN ASIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL PROGRAM EXPENSES WERE RELATED TO OUR CENTRAL PROGRAM OF RECRUITING, TRAINING AND SENDING TEACHERS AND EVANGELISTS FOR MISSION WORK IN ASIA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Leyrer Chairman | OfficerTrustee | 2 | $0 |
Daniel Schwartz Secretary | OfficerTrustee | 1 | $0 |
Michael Frederickson Treasurer | OfficerTrustee | 1 | $0 |
Daniel Kramer Vice-Chairman | OfficerTrustee | 1 | $0 |
Tamara Leyrer Director | Trustee | 1 | $0 |
Tingting Schwartz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,272 |
| All other contributions, gifts, grants, and similar amounts not included above | $292,067 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $318,339 |
| Total Program Service Revenue | $0 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $318,345 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $179,961 |
| Pension plan accruals and contributions | $11,967 |
| Other employee benefits | $39,416 |
| Payroll taxes | $13,426 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,124 |
| Fees for services: Accounting | $1,231 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,371 |
| Office expenses | $27,481 |
| Information technology | $1,339 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $33,954 |
| 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 | $0 |
| Insurance | $4,279 |
| All other expenses | $0 |
| Total functional expenses | $379,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,491 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,491 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $11,269 |
| Net assets with donor restrictions | $18,222 |
| 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 | $29,491 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Friends Network has recieved totaling $24,234.
| Awarding Organization | Amount |
|---|---|
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: GENERAL SUPPORT | $13,913 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,195 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $126 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nacel Open Door Inc St Paul, MN | $2,206,707 | $3,226,281 |
Intercultural Student Experiences Minneapolis, MN | $6,707,185 | $540,264 |
Pro Mathematica Arte Northfield, MN | $4,912,016 | $389,234 |
Friends Network St Paul, MN | $29,491 | $318,345 |
Reflections International Inc Fon Du Lac, WI | $20,123 | $330,381 |
Rotary Club Of Des Moines Foundation Des Moines, IA | $2,645,541 | $326,926 |
Nova-Mba Greendale, WI | $112,491 | $0 |
South Central Rotary Youth Exchange Inc Cedar Rapids, IA | $173,221 | $0 |
Chinese Students And Scholars Association At Uw-Madison Inc Madison, WI | $11,654 | $0 |