F5 Project
- Assets
- $983.1k
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 85
- Location
- Fargo, ND
- Founding
- 01/2017
- Data as of
- 12/2023
- EIN
- 81-4658673
Organization Overview
F5 Project is located in Fargo, ND. The organization was established in 2017. According to its NTEE Classification (I43) the organization is classified as: Inmate Support, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2023, F5 Project employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. F5 Project 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 12/2023, F5 Project generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 59.2% each year . All expenses for the organization totaled $3.7m during the year ending 12/2023. While expenses have increased by 60.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP TRANSITION CITIZENS FROM CONFINEMENT TO A NEW LIFE THROUGH SERVING OFFENDERS IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
F5 PROJECT IS COMMITTED TO ELIMINATING OVERDOSE, SUICIDE, AND CRIME THROUGH EMPOWERING RECOVERY, REDUCING RECIDIVISM, AND FIGHTING POVERTY. IN THE PAST YEAR, WE'VE BEEN ABLE TO SERVE INDIVIDUALS TRANSITIONING FROM INCARCERATION TO COMMUNITY WHILE ALSO EXPANDING OUR SERVICES TO PROVIDE COMMUNITY-BASED SUPPORT TO INDIVIDUALS SUFFERING FROM ADDICTION AND MENTAL ILLNESS.IN 2023 THE F5 PROJECT PROGRAM ACCOMPLISHMENTS WERE - -SERVED AN AVERAGE OF 560 PARTICIPANTS/MONTH TOTALING AT APPROXIMATELY 6,720 PARTICIPANTS-40+ INDIVIDUALS WERE INTERVIEWED FOR JOBS WITHIN THEIR LAST 90 DAYS OF JAIL, TO SECURE EMPLOYMENT BEFORE THEIR RELEASE DAY-103 INDIVIDUALS WERE HOUSED IN F5 PROJECT TRANSITIONAL LIVING HOUSES ACROSS THE REGION-7 F5 PROJECT HOUSES ARE OPEN ACROSS THE REGION IN MINOT, ND, BISMARCK, ND, FARGO, ND, MINOT, ND AND MOORHEAD, MN-OPENING OF AKISNI WARRIOR LODGE IN JAMES RIVER CORRECTIONAL CENTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mindi Larson Chair | OfficerTrustee | 1 | $0 |
Kailey Boraas Treasurer | OfficerTrustee | 1 | $0 |
Jenna Mcpearson Secretary | OfficerTrustee | 1 | $0 |
Jenna Mueller Director | Trustee | 1.5 | $0 |
Shawn Gamradt Director | Trustee | 1 | $0 |
Dan Coleman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $226,800 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $520,869 |
| Noncash contributions included in lines 1a–1f | $15,705 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $747,669 |
| Total Program Service Revenue | $3,602,568 |
| Investment income | $4,612 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,200 |
| Net Gain/Loss on Asset Sales | -$7,888 |
| Net Income from Fundraising Events | -$64,025 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,295,650 |
| 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. | $173,331 |
| Compensation of current officers, directors, key employees. | $49,551 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,131,950 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,127 |
| Payroll taxes | $178,912 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,662 |
| Fees for services: Accounting | $2,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,163 |
| Advertising and promotion | $19,324 |
| Office expenses | $295,450 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $508,088 |
| Travel | $128,706 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,365 |
| Interest | $13,393 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,954 |
| Insurance | $11,268 |
| All other expenses | $988 |
| Total functional expenses | $3,706,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,206 |
| Savings and temporary cash investments | $636,118 |
| 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 | $318,326 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,484 |
| Total assets | $983,134 |
| Accounts payable and accrued expenses | $18,480 |
| 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 | $291,848 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $310,328 |
| Net assets without donor restrictions | $672,806 |
| 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 | $983,134 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
F5 Project Fargo, ND | $983,134 | $4,295,650 |
Ostara Initiative Minneapolis, MN | $1,171,899 | $1,638,335 |
Prison Impact Ministries Kalispell, MT | $496,606 | $0 |
Heart Of Clay Moorhead, MN | $317,234 | $360,081 |
Central Mn Re-Entry Project St Cloud, MN | $413,325 | $0 |
Bismarck Law Enforcement Chaplaincy Bismarck, ND | $172,798 | $0 |
You Have The Power Monticello, MN | $20,981 | $0 |
At The Well And Beyond Sioux Falls, SD | $2,859 | $3,794 |