Form 990 for tax year 2022
Filed by FRIENDS OF THE CHILDREN - TWIN CITIES.
Totals
- Total revenue
- $1,555,695
- Total expenses
- $213,397
- Contributions and grants received
- $1,555,670
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $25
- Total assets, end of year
- $1,473,657
- Total liabilities, end of year
- $131,359
- Net assets or fund balances, end of year
- $1,342,298
- Program services expenses (Part IX)
- $126,896
- Management and general expenses
- $72,788
- Fundraising expenses
- $13,713
- Program service expenses (Part III)
- $126,896
Program services were 59.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$1,555,670
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $25 · excluded $25
-
11e · Other revenue, total
$25
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $136,398 · program services $108,162 · management and general $24,737 · fundraising $3,499
-
9 · Other employee benefits
total $2,886 · program services $2,583 · management and general $289 · fundraising $14
-
10 · Payroll taxes
total $5,895 · program services $5,276 · management and general $590 · fundraising $29
-
11c · Fees: accounting
total $5,580 · management and general $5,580
-
11g · Fees: other
total $40,528 · management and general $34,243 · fundraising $6,285
-
12 · Advertising and promotion
total $3,489 · fundraising $3,489
-
13 · Office expenses
total $6,778 · program services $460 · management and general $6,193 · fundraising $125
-
14 · Information technology
total $1,795 · management and general $1,795
-
16 · Occupancy
total $5,302 · management and general $5,302
-
17 · Travel
total $1,491 · program services $50 · management and general $1,441
-
22 · Depreciation, depletion and amortization
total $61 · management and general $61
-
23 · Insurance
total $1,379 · management and general $1,379
-
24a · Other expenses: STAFF DEVELOPMENT
total $1,691 · program services $1,317 · management and general $374
-
24b · Other expenses: FRIENDS' EXPENSES
total $124 · program services $124
-
24c · Other expenses: ALLOCATION OF INDIRECT
total $0 · program services $8,924 · management and general -$9,196 · fundraising $272
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $938,468
-
3 · Pledges and grants receivable
end of year $460,570
-
4 · Accounts receivable
end of year $4,200
-
9 · Prepaid expenses and deferred charges
end of year $7,069
-
10a · Land, buildings and equipment: cost or other basis
$3,634
-
10b · Land, buildings and equipment: accumulated depreciation
$61
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $3,573
-
15 · Other assets
beginning of year $0 · end of year $59,777
-
17 · Accounts payable and accrued expenses
end of year $41,582
-
19 · Deferred revenue
end of year $30,000
-
25 · Other liabilities
beginning of year $0 · end of year $59,777
-
27 · Net assets without donor restrictions
end of year $56,728
-
28 · Net assets with donor restrictions
end of year $1,285,570
Mission and programs · 2022
Mission
FRIENDS OF THE CHILDREN COMMITS TO STANDING ALONGSIDE OUR COMMUNITY'S YOUTH AS THEY WORK TO OVERCOME BARRIERS TO THEIR SUCCESS. EACH CHILD RECEIVES 1:1 SUPPORT AND GUIDANCE FROM A SALARIED, PROFESSIONAL MENTOR (CALLED A FRIEND), FROM KINDERGARTEN THROUGH HIGH SCHOOL GRADUATION-12 YEARS, NO MATTER WHAT. FRIENDS WORK COLLABORATIVELY WITH HIGH-PRIORITY YOUTH AND THEIR CAREGIVERS TO SET AND ACHIEVE INDIVIDUALIZED GOALS, AS WELL AS ADVOCATE FOR THEM IN THE SCHOOL, CHILD WELFARE, HEALTHCARE, AND OTHER SYSTEMS THAT IMPACT THEM.
-
YOUTH IN THE FRIENDS PROGRAM FACE CONSIDERABLE CHALLENGES, INCLUDING PLACEMENT IN THE FOSTER CARE SYSTEM, UNDER-RESOURCED NEIGHBORHOOD SCHOOLS, HOMELESSNESS, HUNGER, AND DISPARITIES IN ACCESS TO AND QUALITY OF HEALTH CARE. DESPITE THESE BARRIERS, PROGRAM YOUTH ENTER ADULTHOOD WITH STRONG FOUNDATIONS FOR CONTINUING ACHIEVEMENT: 83% GRADUATE HIGH SCHOOL OR EARN A GED, 93% AVOID THE JUVENILE JUSTICE SYSTEM, AND 98% AVOID TEEN PARENTING.
Expenses $126,896
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
KYRRA RANKINE
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
TERRI SORENSEN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
SIMONE HARDEMAN-JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BATALA MCFARLANE
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 5 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420759349300217
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