Friends Of Chimbote
- Assets
- $1.1m
- Revenue
- $1.9m
- Investments
- $727.9k
- Employees
- 3
- Location
- Fargo, ND
- Founding
- 10/1999
- Data as of
- 12/2021
- EIN
- 45-0453441
Organization Overview
Friends Of Chimbote is located in Fargo, ND. The organization was established in 1999. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Friends Of Chimbote employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Chimbote 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 Chimbote generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. 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
TO SUPPORT PROGRAMS THAT IMPROVE AND TRANSFORM THE LIVES OF THE POOR OF CHIMBOTE PERU.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS OF CHIMBOTE STIMULATES INTEREST IN RAISES FUNDS FOR AND GOVERNS THE OPERATIONS OF A CHARITABLE MISSION LOCATED IN CHIMBOTE. PERU. THE PRESENT & FUTURE FOCUS OF THE MISSION IS TO PROVIDE RELIEF TO THE POOR THROUGH SOCIAL EDUCATION AND TRANSFORMATION PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Mickelson Executive Director | Officer | 40 | $72,000 |
Dr Lucho Espejo Chairman | OfficerTrustee | 12 | $0 |
Brian Berg Treasurer | OfficerTrustee | 4 | $0 |
Eric Krueger Vice Chairman | OfficerTrustee | 4 | $0 |
Tammy Campbell Secretary | OfficerTrustee | 4 | $0 |
Bill Seiler | Officer | 4 | $0 |
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 | $1,882,230 |
| Noncash contributions included in lines 1a–1f | $535,776 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,882,230 |
| Total Program Service Revenue | $0 |
| Investment income | $8,746 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$628 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,925,086 |
| 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 | $1,452,589 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $72,000 |
| Compensation of current officers, directors, key employees. | $22,604 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $92,382 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,989 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,297 |
| Advertising and promotion | $17,327 |
| Office expenses | $1,292 |
| Information technology | $6,204 |
| Royalties | $0 |
| Occupancy | $36,331 |
| Travel | $1,067 |
| 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 | $1,969 |
| All other expenses | $0 |
| Total functional expenses | $1,725,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $538 |
| Savings and temporary cash investments | $257,098 |
| Pledges and grants receivable | $75,464 |
| 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 | $4,769 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $727,854 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,065,723 |
| Accounts payable and accrued expenses | $21,754 |
| 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 | $21,754 |
| Net assets without donor restrictions | $1,043,969 |
| 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 | $1,065,723 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friends Of Chimbote has recieved totaling $6,101.
| Awarding Organization | Amount |
|---|---|
F3 Foundation Inc Charlotte, NC PURPOSE: General operating | $5,776 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $325 |
Endowment Analysis
| Beg. Balance | $353,063 |
| Earnings | $110,187 |
| Net Contributions | $259,440 |
| Ending Balance | $722,690 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Global Health Ministries Minneapolis, MN | $6,370,809 | $5,877,190 |
Common Hope Inc Saint Paul, MN | $9,018,791 | $5,078,357 |
New Vision Foundation St Paul, MN | $1,210,057 | $3,502,088 |
Central Asia Institute Bozeman, MT | $9,782,044 | $2,522,189 |
Healing Haiti Scandia, MN | $4,534,064 | $2,435,837 |
Wellshare International Minneapolis, MN | $940,048 | $2,573,220 |
Global Volunteers St Paul, MN | $705,356 | $1,579,657 |
Friends Of Chimbote Fargo, ND | $1,065,723 | $1,925,086 |
Bountifield International Minneapolis, MN | $1,164,440 | $1,328,807 |
Operation Bootstrap-Africa Minneapolis, MN | $1,772,257 | $1,519,929 |
H2o For Life White Bear Lake, MN | $639,105 | $1,062,705 |
Lutheran Partners In Global Ministry Inc Minneapolis, MN | $860,517 | $1,020,206 |