Project Friendship
Legal name: Project Friendship Inc
Nonprofit profile at a glance
- EIN
- 411565496
- IRS 990-EZ coverage
- 2022–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990-EZ 2024, Form 990-N 2015
- Location
- Northfield, MN, US
- Phone
- (507) 301-7705
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $85,987
- Expenses
- $114,278
- Assets
- $139,004
- Liabilities
- $3,189
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- Jean Noack (President)
- Holly Schoenbauer (Executive Director)
People named in this filing
- Bo Aylin (Treasurer)
- Dan Kelley (Director)
- Maddie Pralle (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To connect individuals, foster meaningful relationships, and combat social isolation.
What it reported doing in 2024
In 2024-25 Project Friendship matched 330 kids with college mentors. These pairs met for a total of 6,780 hours participating in arts academic athletic and service projects. These relationships build confidence inspire character and create connections.
Operating model
- Revenue model
- Donor-supported. 93% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 100
- Sustainability: 26
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 97.6%; rating input score 98
- Program expense ratio: 73.3%; rating input score 73
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -32.9%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 1.22; rating input score 52; 52nd percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 5,238.1%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: 7.9% per year; rating input score 100; 68th percentile among comparable filings
- Revenue growth: -10% per year; rating input score 0; 24th percentile among comparable filings
- Asset growth: -0.2% per year; rating input score 0; 37th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: 97.6% of revenue deployed · 73.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $84K in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 17/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 52/100.
- High — Sustainability: Officer compensation ratio scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.