Nonprofit · EIN 41-0986200
FRIENDS & CO
Also known as MINNEAPOLIS CHAPTER
Tax-exempt · SAINT PAUL, MN 55114
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $662,611 | $1,076,268 | -$413,657 | $6,570,645 | $239,114 | $6,331,531 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $464,769
- Program service revenue
- $0
- Investment income
- $197,319
- Net gain from sales of assets
- -$6,341
- Other revenue
- $523
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $119,174
- Other salaries and wages
- $479,944
- Salaries, compensation and benefits (total)
- $712,297
- Professional fundraising fees
- $0
- Accounting fees
- $12,749
- Occupancy
- $84,896
- Travel
- $6,300
- Depreciation
- $25,909
- Program services (functional)
- $835,266
- Management and general (functional)
- $66,365
- Fundraising (functional)
- $174,637
Balance sheet and other
- Total assets, start of year
- $6,664,768
- Total assets, end of year
- $6,570,645
- Total liabilities, end of year
- $239,114
- Net assets, end of year
- $6,331,531
- Land, buildings and equipment
- $54,840
- Publicly traded securities
- $6,226,548
- Net assets without donor restrictions
- $5,568,453
- Net assets with donor restrictions
- $763,078
- Gross receipts
- $706,946
- Employees
- 12
- Volunteers
- 764
- Year formed
- 1972
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| James Falvey | Executive Dir. Officer | 40 | $115,649 | $3,525 |
| Hailey Bailey | President Trustee or director, Officer | 1 | $0 | $0 |
| Dominic Korbel | Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Heather Britt MPH PhD | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Larry Fasching | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Cristina Cauble | Director Trustee or director | 1 | $0 | $0 |
| Norm Morris | Director Trustee or director | 1 | $0 | $0 |
| Danielle Salisbury | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2550 UNIVERSITY AVENUE WEST, SAINT PAUL, MN 55114-1052
- In care of
- % JAMES FALVEY
- Principal officer (990 for 2024)
- Carolyn Trevis
- Signed the 990
- Christina Cauble, Treasurer
- Phone
- (612) 746-0753
- Website
- www.friendsco.org
- Return prepared by
- Anderson & Baxter Ltd
Mission
Friends & Co. is a nonprofit, volunteer-based organization whose mission is to relieve isolation and loneliness among older adults while promoting independence and well-being. Friends & Co. identifies isolated older adults and creates the opportunity for life-affirming connections and companionship that support healthy aging.
Program accomplishments
- Visiting Companions Pairs older adults with background-checked, trained volunteers for meaningful, in-person visits--typically one to two times per month. Participants decide together on visit frequency, timing, and location. Phone Companions - Connects older adults with a background-checked volunteer for regular one-on-one phone conversations. Older adult and volunteer members collaborate to establish their preferred calling schedules, with most pairs chatting weekly. Coffee Talk A drop-in phone line offering older adults the opportunity to connect with caring volunteers for friendly, one-on-one conversations. When appropriate, Friends & Co provides information about more direct services and other social engagement opportunities. Cards Connect Engages volunteers and corporate partners across the United States to create handmade cards, which are sent quarterlyincluding fall, winter, spring, and Valentines Day. Lets Do Lunch Caf Provides a welcoming, affirming space for LGBTQ+ older adults to gather twice monthly for a no-cost lunch and social connection in Saint Paul and Minneapolis. Participants do not need to register or RSVPthey simply attend and enjoy community, conversation, meals, and guest speakers selected by an advisory committee of participants. Lets Do Coffee An extension of Lets Do Lunch, this program offers LGBTQ+ older adults additional opportunitiesfour times each monthto connect over coffee and conversation at no cost. Gatherings are held in partnership with the Queermunity Center in South Minneapolis, The Pillars of Minneapolis near the University of Minnesota, and Family Means in Stillwater. Caf y Conversaciones & Momentos Compartidos These in-person gatherings foster friendship and community for Spanish-speaking older adults. Caf y Conversaciones, offered in partnership with DARTS, in Dakota County, provides twice-monthly social activities for Spanish-speaking older adults in the East Metro. Conceived by participants in Friends & Cos Community Conversations, the program offers a welcoming environment with enriching activities and culturally specific snacks. Mementos Compartidos offers a similar experience for older adults in South Minneapolis, in partnership with Centre Tyrone Guzman.Expenses $835,266
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | Check at the IRS |
IRS record
- EIN
- 41-0986200
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P81Z)
- Assets (IRS master file)
- $6,570,645
- Income (IRS master file)
- $706,946
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $662,611 | $1,076,268 | $6,570,645 | XML |
| 990 | June 2023 | $560,872 | $956,791 | $6,597,805 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0986200).
Questions about FRIENDS & CO
- What is the EIN of FRIENDS & CO?
- The employer identification number (EIN) of FRIENDS & CO is 41-0986200.
- Is FRIENDS & CO tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to FRIENDS & CO tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRIENDS & CO file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRIENDS & CO due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDS & CO last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FRIENDS & CO?
- The 990 for the year ended June 30, 2025 names Carolyn Trevis.
- Who are the officers and directors of FRIENDS & CO?
- The 990 for the year ended June 30, 2025 lists 8 people; 1 received compensation from the organization, the highest $115,649 (James Falvey, Executive Dir.).
- How much revenue does FRIENDS & CO have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $662,611, expenses of $1,076,268 and total assets of $6,570,645 at year end.
Other nonprofits in SAINT PAUL
- LUTHERAN SOCIAL SERVICE OF MINNESOTA EIN 41-0872993 · last filed 990 for 2025
- PARTNERS IN COMMUNITY SUPPORTS INC EIN 41-1976959 · last filed 990 for 2025
- SOUTH METRO HUMAN SERVICES EIN 41-1712779 · last filed 990 for 2025
- ACCESSIBLE SPACE INC EIN 41-1330242 · last filed 990 for 2025
- PCS FOR PEOPLE EIN 26-2066045 · last filed 990 for 2025
- NEIGHBORHOOD DEVELOPMENT CENTER INC EIN 41-1738791 · last filed 990 for 2025
- UNION GOSPEL MISSION ASSOCIATION OF ST PAUL EIN 41-0705847 · last filed 990 for 2025
- ACCORD EIN 41-0972546 · last filed 990 for 2024