Friends Of The Falls
- Assets
- $6.5m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 05/2016
- Data as of
- 12/2021
- EIN
- 81-1716095
Organization Overview
Friends Of The Falls is located in Minneapolis, MN. The organization was established in 2016. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Falls 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 Of The Falls generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 42.0% each year . All expenses for the organization totaled $888.1k during the year ending 12/2021. While expenses have increased by 19.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREATE A SHARED VISION FOR THE UPPER LOCK AT OWAMNIYOMNI CENTERED ON NATIVE AMERICAN VOICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATE A SHARED VISION FOR THE UPPER LOCK AT OWAMNIYOMNI CENTERED ON NATIVE AMERICAN VOICES. ACTIVITIES TO ACCOMPLISH THIS PROGRAM INCLUDE: EXPANSION AND DIVERSIFICATION OF THE BOARD, INCLUDING NATIVE AMERICAN REPRESENTATIVES; STAFF & BOARD TRAINING ON NATIVE AMERICAN CULTURE & HISTORY; FUNDRAISING; ENGAGING DAKOTA TRIBAL LEADERSHIP AND HISTORIC PRESERVATION OFFICERS; PREPARATIONS TO FORM A NATIVE PARTNERSHIP COUNCIL; ENGAGING CIVIC AND NON-PROFIT PARTNERS; PROJECT IMPLEMENTATION STRATEGY AND DESIGN; AND, SEEKING SITE CONTROL ON BEHALF OF KEY PARTNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Reyelts Chair & Treasurer | OfficerTrustee | 2 | $0 |
Mark Wilson Vice Chair | OfficerTrustee | 2 | $0 |
Lisa Hondros Secretary | OfficerTrustee | 2 | $0 |
Mark Andrew President | OfficerTrustee | 2 | $0 |
Angela Two Stars Director | Trustee | 1 | $0 |
Edna Brazaitis Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greenmark Enterprises Llc Administrative Services | 12/30/21 | $144,000 |
Duval Development Project Management | 12/30/21 | $165,078 |
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 | $2,666,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,666,500 |
| Total Program Service Revenue | $0 |
| Investment income | $464 |
| 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 | $2,666,964 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,079 |
| Fees for services: Accounting | $41,502 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $609,491 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,110 |
| Travel | $1,939 |
| 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 | $4,654 |
| Insurance | $4,207 |
| All other expenses | $0 |
| Total functional expenses | $888,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,348,151 |
| Savings and temporary cash investments | $1,551,374 |
| 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 | $17,054 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,533,927 |
| Total assets | $6,450,506 |
| Accounts payable and accrued expenses | $55,936 |
| 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 | $55,936 |
| Net assets without donor restrictions | $6,394,570 |
| Net assets with donor restrictions | $0 |
| 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 | $6,450,506 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of The Falls has recieved totaling $2,650,000.
| Awarding Organization | Amount |
|---|---|
Minneapolis Foundation Minneapolis, MN PURPOSE: GENERAL | $2,650,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trout Unlimited Chanhassen, MN | $885,128 | $2,532,595 |
Lakeshore Farm Management Coop Valders, WI | $1,770,762 | $1,460,336 |
International Water Institute Fargo, ND | $1,362,645 | $1,044,274 |
Fox Lake Conservation League Inc Sherburn, MN | $973,588 | $1,363,279 |
Wild Rivers Conservancy Of The St Croix & Namekagon Osceola, WI | $495,125 | $1,215,590 |
Mississippi Park Connection Saint Paul, MN | $3,749,419 | $985,197 |
Clean Lakes Alliance Inc Madison, WI | $705,548 | $888,055 |
Friends Of The Falls Minneapolis, MN | $6,450,506 | $2,666,964 |
Geneva Lake Conservancy Inc Fontana, WI | $3,243,177 | $1,183,074 |
Nahant Marsh Education Center Davenport, IA | $2,990,592 | $1,370,122 |
Northern Waters Land Trust Walker, MN | $1,079,991 | $814,843 |
Red River Basin Commission Fargo, ND | $574,607 | $550,424 |