F5 Project
- Assets
- $140.6k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 36
- Location
- Fargo, ND
- Founding
- 01/2017
- Data as of
- 12/2021
- 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 12/2021, F5 Project employed 36 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 12/2021, F5 Project generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 55.6% each year . All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 65.1% per year over the past 5 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
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 DEDICATED TO HELPING CITIZENS TRANSITION FROM CONFINEMENT TO A NEW LIFE THROUGH SERVING OFFENDERS IN THE COMMUNITY. IN 2021, WE HAVE HELPED TRANSITION MANY PEOPLE PRISON, JAIL AND TREATMENT CENTERS INTO OUR SOBER HOMES AND EVENTUALLY INTO THEIR OWN APARTMENT THROUGH F5'S CERTIFICATE PROGRAM. F5 HAS BEEN ABLE TO TRANSPORT PARTICIPANTS TO JOB INTERVIEWS, APPOINTMENTS AND WORK, ALSO PROVIDE PEER SUPPORT RECOVERY SERVICES, LEGAL ASSISTANCE, FAMILY SUPPORT AND SOFT/HARD SKILLS TRAINING FOR WORK. F5 ALSO BRANCHED OUT INTO MANY NEW AREAS. WE NOW HAVE EMPLOYEES IN FARGO, GRAND FORKS, BISMARCK, MINOT, DICKINSON, WILLISTON. F5 NOW HAS ENTERED INTO MN AND OPENED A HOUSE FOR RE-ENTRY.OTHER ACCOMPLISHMENTS INCLUDE: SINCE BECOMING OFFICIAL CONTRACTORS WITH THE STATE OF ND, SIGNING A CONTRACT TO PROVIDE CARE COORDINATION WITH PEOPLE COMING OUT OF PRISON WE NOW HAVE 350 ACTIVE PARTICIPANTS THAT WE HAVE PARTNERED WITH THE DEPARTMENT OF CORRECTIONS TO SERVE. IN 2021 WE RAISED $140,000 ON THE THIRD YEAR OF PARTICIPATING IN GIVING HEARTS DAY. THROUGH PARTNERSHIPS WITH THE PRISON AND JAILS WE HAVE STARTED 17 INSTITUTIONAL F5 MEETINGS WHERE WE BUILD RELATIONSHIPS WITH PEOPLE WHILE STILL INCARCERATED AND HELP THEM TRANSITION INTO ONE OF OUR 8 HOUSES BETWEEN FARGO, GRAND FORKS AND BISMARCK. WE HAVE ALSO WORKED WITH LAWMAKERS AND HELPED CREATE AND SPEAK ON ISSUES SUCH AS MINIMUM MANDATORIES, CRIMINAL RECORD SEALS, RE-ENTRY, JUVANILE SERVICES, PRISON REFORM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Martin Executive Director | Officer | 40 | $99,515 |
Scott College Chief Programs Officer | Officer | 40 | $87,487 |
Kailey Borass Treasurer | OfficerTrustee | 1 | $0 |
Eston Taylor Chair | OfficerTrustee | 1.5 | $0 |
Thaddeus Swanson Secretary | OfficerTrustee | 1 | $0 |
Abel Vasquez Director (march Thru August 2021) | Trustee | 1 | $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 | $388,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $388,050 |
| Total Program Service Revenue | $996,505 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $95,669 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,338 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,506,955 |
| 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. | $204,877 |
| Compensation of current officers, directors, key employees. | $40,975 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $688,613 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $105,767 |
| Payroll taxes | $181,671 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,731 |
| Fees for services: Accounting | $3,455 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,406 |
| Office expenses | $45,946 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $270,401 |
| Travel | $29,326 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $767 |
| Interest | $192 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,478 |
| Insurance | $0 |
| All other expenses | $45,703 |
| Total functional expenses | $1,632,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,179 |
| Savings and temporary cash investments | $0 |
| 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 | $10,466 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $140,645 |
| Accounts payable and accrued expenses | $186 |
| 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 | $35,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $35,186 |
| Net assets without donor restrictions | $105,459 |
| 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 | $140,645 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that F5 Project has recieved totaling $85,451.
| Awarding Organization | Amount |
|---|---|
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, PUBLIC SAFETY | $58,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,821 |
Impact Foundation Fargo, ND PURPOSE: General Support | $10,000 |
Fargo-Moorhead Area Foundation Corporation Fargo, ND PURPOSE: $1360.00-CARING CATALOG $5000.00-GENERAL SUPPORT | $6,360 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $270 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
F5 Project Fargo, ND | $140,645 | $1,506,955 |
Ostara Initiative Minneapolis, MN | $569,036 | $653,223 |
Heart Of Clay Moorhead, MN | $141,506 | $201,825 |
Central Mn Re-Entry Project St Cloud, MN | $431,004 | $0 |
Prison Impact Ministries Kalispell, MT | $452,577 | $0 |
You Have The Power Monticello, MN | $6,144 | $0 |
Bismarck Law Enforcement Chaplaincy Bismarck, ND | $152,948 | $0 |
At The Well And Beyond Sioux Falls, SD | $1,719 | $1,237 |