Nonprofit · EIN 41-1565496
PROJECT FRIENDSHIP INC
Tax-exempt · NORTHFIELD, MN 55057
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ | $85,987 | $114,278 | -$28,291 | $139,004 | $3,189 | $135,815 |
| June 30, 2024 | 990-EZ | $128,883 | $101,626 | $27,257 | $165,683 | $1,577 | $164,106 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $80,024
- Investment income
- $5,963
Expenses
- Compensation of officers, directors and key employees
- $5,985,970
- Salaries, compensation and benefits (total)
- $85,348
- Professional fees and payments to contractors
- $6,478
- Occupancy
- $2,824
- Printing, publications and postage
- $2,975
- Other expenses
- $16,653
- Program services (functional)
- $83,787
Balance sheet and other
- Total assets, start of year
- $165,683
- Total assets, end of year
- $139,004
- Total liabilities, end of year
- $3,189
- Net assets, end of year
- $135,815
- Cash, savings and investments
- $135,504
- Gross receipts
- $85,987
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-EZ for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Holly Schoenbauer | Executive Director | 40 | $5,985,970 |
| Bo Aylin | Treasurer | 3 | $0 |
| Dan Kelley | Director | 1 | $0 |
| Maddie Pralle | Secretary | 1 | $0 |
| Jean Noack | President | 1 | $0 |
| Marty Benson | Director | 0 | $0 |
| Suzanne Donkers | Director | 0 | $0 |
| Wanda Larson | Director | 0 | $0 |
| Jeff Eckhoff | Director | 0 | $0 |
| Tim Larson | Director | 0 | $0 |
| Andrea Robinson | Director | 0 | $0 |
| Anna Runestad | Director | 0 | $0 |
| Noah Lee | Director | 0 | $0 |
990-EZ for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Holly Schoenbauer | Executive Director | 40 | $55,688 |
| Bo Aylin | Treasurer | 3 | $0 |
| Jane Bartho | Director | 1 | $0 |
| Brian McGonegal | Director | 1 | $0 |
| Jean Noack | President | 1 | $0 |
| Marty Benson | Director | 0 | $0 |
| Suzanne Donkers | Director | 0 | $0 |
| Wanda Larsen | Director | 0 | $0 |
| Jeff Eckhoff | Director | 0 | $0 |
| Tim Larsen | Director | 0 | $0 |
| Andrea Robinson | Director | 0 | $0 |
| Anna Runestad | Director | 0 | $0 |
| Noah Lee | Director | 0 | $0 |
| Maddie Pralle | Director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1651 JEFFERSON PKWY, NORTHFIELD, MN 55057-2760
- In care of
- % LINDA H THORNTON
- Mailing address (990-N for 2015)
- 1651 Jefferson Pkwy HS 126, Northfield MN 55057
- Principal officer (990-N for 2015)
- Kara Lloyd, 1651 Jefferson Pkwy HS 126, Northfield MN 55057
- Signed the 990-EZ
- Holly Schoenbauer, Director
Mission
Project Friendship is a youth mentoring organization that matches children in grades 2 -7 with a college mentor.
Program accomplishments
- 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.Expenses $83,787
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-EZ on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 41-1565496
- 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
- 1987
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $139,004
- Income (IRS master file)
- $85,987
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2025 | $85,987 | $114,278 | $139,004 | XML |
| 990-EZ | June 2024 | $128,883 | $101,626 | $165,683 | XML |
| 990-EZ | June 2023 | – | – | – | IRS |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-N for 2015 Officer: Kara Lloyd | June 30, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
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 41-1565496).
Questions about PROJECT FRIENDSHIP INC
- What is the EIN of PROJECT FRIENDSHIP INC?
- The employer identification number (EIN) of PROJECT FRIENDSHIP INC is 41-1565496.
- Is PROJECT FRIENDSHIP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to PROJECT FRIENDSHIP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROJECT FRIENDSHIP INC 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 PROJECT FRIENDSHIP INC 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 PROJECT FRIENDSHIP INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
- Who is the principal officer of PROJECT FRIENDSHIP INC?
- The 990-N for 2015 names Kara Lloyd.
- Who are the officers and directors of PROJECT FRIENDSHIP INC?
- The 990-EZ for the year ended June 30, 2025 lists 13 people; 1 received compensation from the organization, the highest $5,985,970 (Holly Schoenbauer, Executive Director).
- How much revenue does PROJECT FRIENDSHIP INC have?
- On its 990-EZ for the year ended June 30, 2025 it reported revenue of $85,987, expenses of $114,278 and total assets of $139,004 at year end.
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