Familymeans
- Assets
- $15.5m
- Revenue
- $4.7m
- Investments
- $3.6m
- Employees
- 65
- Location
- Stillwater, MN
- Founding
- 04/1965
- Data as of
- 12/2023
- EIN
- 41-6045574
Organization Overview
Familymeans is located in Stillwater, MN. The organization was established in 1965. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 12/2023, Familymeans employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Familymeans 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, Familymeans generated $4.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $5.0m during the year ending 12/2023. While expenses have increased by 1.5% per year over the past 9 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
FAMILYMEANS STRENGTHENS COMMUNITIES BY HELPING INDIVIDUALS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COUNSELING AND THERAPY - SEE SCHEDULE O
FINANCIAL SOLUTIONS - SEE SCHEDULE O
CAREGIVING AND AGING - SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Gunderson Board Chair | OfficerTrustee | 1 | $0 |
Melissa Harris Vice Chair | OfficerTrustee | 1 | $0 |
Josh Zignego Secretary | OfficerTrustee | 1 | $0 |
Peter Matzek Treasurer | OfficerTrustee | 1 | $0 |
Lindsay Belland Board Member | Trustee | 1 | $0 |
Bob Clark Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $109,463 |
| Membership dues | $0 |
| Fundraising events | $22,228 |
| Related organizations | $0 |
| Government grants | $468,601 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,393,928 |
| Noncash contributions included in lines 1a–1f | $17,578 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,994,220 |
| Total Program Service Revenue | $2,515,182 |
| Investment income | $165,054 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$23,374 |
| Net Income from Fundraising Events | $51,301 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,704,325 |
| 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. | $236,215 |
| Compensation of current officers, directors, key employees. | $201,492 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,655,101 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $286,284 |
| Payroll taxes | $207,635 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,980 |
| Fees for services: Accounting | $49,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,325 |
| Fees for services: Other | $425,864 |
| Advertising and promotion | $2,519 |
| Office expenses | $59,771 |
| Information technology | $86,365 |
| Royalties | $0 |
| Occupancy | $258,427 |
| Travel | $23,428 |
| 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 | $233,380 |
| Insurance | $56,308 |
| All other expenses | $26,174 |
| Total functional expenses | $5,003,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $315,054 |
| Savings and temporary cash investments | $3,246,333 |
| Pledges and grants receivable | $96,000 |
| Accounts receivable, net | $357,391 |
| 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 | $39,809 |
| Net Land, buildings, and equipment | $4,525,458 |
| Investments—publicly traded securities | $3,323,781 |
| Investments—other securities | $3,581,287 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,890 |
| Total assets | $15,531,003 |
| Accounts payable and accrued expenses | $216,650 |
| Grants payable | $0 |
| Deferred revenue | $3,500 |
| 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 | $46,212 |
| Total liabilities | $266,362 |
| Net assets without donor restrictions | $11,693,974 |
| Net assets with donor restrictions | $3,570,667 |
| 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 | $15,531,003 |