Friends & Co
- Assets
- $6.6m
- Revenue
- $560.9k
- Investments
- $0.0
- Employees
- 8
- Location
- St Paul, MN
- Founding
- 04/2010
- Data as of
- 06/2023
- 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 06/2023, 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 06/2023, Friends & Co generated $560.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $956.8k during the year ending 06/2023. 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
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 | $100,095 |
Carolyn Trevis President | OfficerTrustee | 1 | $0 |
Hailey Bailey Vice President | OfficerTrustee | 1 | $0 |
Sheila Chambers Secretary | OfficerTrustee | 1 | $0 |
Christina Cauble Treasurer | OfficerTrustee | 1 | $0 |
Heather Britt MPH PHD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,540 |
| All other contributions, gifts, grants, and similar amounts not included above | $495,713 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $507,253 |
| Total Program Service Revenue | $0 |
| Investment income | $51,659 |
| 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 | $1,934 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $560,872 |
| 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. | $100,095 |
| Compensation of current officers, directors, key employees. | $22,670 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $439,643 |
| Pension plan accruals and contributions | $19,681 |
| Other employee benefits | $37,725 |
| Payroll taxes | $39,918 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $739 |
| Fees for services: Accounting | $19,507 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,248 |
| Advertising and promotion | $0 |
| Office expenses | $87,961 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $74,102 |
| Travel | $3,792 |
| 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 | $28,751 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $956,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $307,647 |
| Savings and temporary cash investments | $35,381 |
| Pledges and grants receivable | $11,540 |
| 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 | $56,034 |
| Net Land, buildings, and equipment | $124,597 |
| Investments—publicly traded securities | $5,808,810 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $253,796 |
| Total assets | $6,597,805 |
| Accounts payable and accrued expenses | $45,341 |
| 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 | $253,796 |
| Total liabilities | $299,137 |
| Net assets without donor restrictions | $5,678,501 |
| Net assets with donor restrictions | $620,167 |
| 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 | $6,597,805 |