Civic Intelligence

Friends of Chimbote

EIN 45-0453441 • 501(c)3 • Fargo, ND

Profile

Friends of chimbote is a faith-based organization dedicated to supporting programs that improve and transform the lives of the poor in chimbote, peru.

16 Broadway N Ste 218Fargo, ND 58102-5237

www.friendsofchimbote.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

56th percentile

0.03x

Higher debt load relative to assets than 56% of similar nonprofits.

NTEE Q • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

49th percentile

0.01x

Higher debt load relative to revenue than 49% of similar nonprofits.

NTEE Q • $1M-$5M nonprofits • Source year 2024

Net Margin

53rd percentile

3.8%

Higher net margin than 53% of similar nonprofits.

NTEE Q • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

79th percentile

$143,933

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 5.9% of source-year revenue.

NTEE Q • $1M-$5M nonprofits • Source year 2024

Asset Growth

61st percentile

14%

Faster asset growth than 61% of similar nonprofits.

NTEE Q • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

33%

Faster revenue growth than 69% of similar nonprofits.

NTEE Q • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,234,362

Up $150,630 (+14%) from 2023

Liabilities

Down

$34,019

Down $11,519 (-25%) from 2023

Net Assets

Up

$1,200,343

Up $162,149 (+16%) from 2023

Revenue

Up

$2,437,720

Up $604,425 (+33%) from 2023

Expenses

Up

$2,344,994

Up $544,978 (+30%) from 2023

Net Income

Up

$92,726

Up $59,447 (+179%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2010: $452,152Liabilities 2010: $0Net Assets 2010: $452,1522010Assets 2011: $1,372,480Liabilities 2011: $0Net Assets 2011: $1,372,4802011Assets 2012: $1,690,138Liabilities 2012: $0Net Assets 2012: $1,690,1382012Assets 2013: $2,074,132Liabilities 2013: $23,117Net Assets 2013: $2,051,0152013Assets 2014: $1,639,613Liabilities 2014: $11,700Net Assets 2014: $1,627,9132014Assets 2015: $1,241,546Liabilities 2015: $11,540Net Assets 2015: $1,230,0062015Assets 2016: $1,022,069Liabilities 2016: $13,984Net Assets 2016: $1,008,0852016Assets 2017: $952,795Liabilities 2017: $47,401Net Assets 2017: $905,3942017Assets 2018: $695,033Liabilities 2018: $36,160Net Assets 2018: $658,8732018Assets 2019: $654,797Liabilities 2019: $13,746Net Assets 2019: $641,0512019Assets 2020: $767,840Liabilities 2020: $48,987Net Assets 2020: $718,8532020Assets 2021: $1,065,723Liabilities 2021: $21,754Net Assets 2021: $1,043,9692021Assets 2022: $1,004,005Liabilities 2022: $27,669Net Assets 2022: $976,3362022Assets 2023: $1,083,732Liabilities 2023: $45,538Net Assets 2023: $1,038,1942023Assets 2024: $1,234,362Liabilities 2024: $34,019Net Assets 2024: $1,200,3432024

Highlighted filing

2024

Assets$1,234,362
Liabilities$34,019
Net Assets$1,200,343

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,129,1122010Revenue 2011: $2,207,980Expenses 2011: $2,071,470Net Income 2011: $136,5102011Revenue 2012: $2,503,678Expenses 2012: $2,192,890Net Income 2012: $310,7882012Revenue 2013: $2,711,982Expenses 2013: $2,473,446Net Income 2013: $238,5362013Revenue 2014: $2,231,987Expenses 2014: $2,497,743Net Income 2014: -$265,7562014Revenue 2015: $1,574,737Expenses 2015: $1,983,745Net Income 2015: -$409,0082015Revenue 2016: $1,499,340Expenses 2016: $1,784,578Net Income 2016: -$285,2382016Revenue 2017: $1,367,772Expenses 2017: $1,572,177Net Income 2017: -$204,4052017Revenue 2018: $1,409,848Expenses 2018: $1,607,132Net Income 2018: -$197,2842018Revenue 2019: $1,406,591Expenses 2019: $1,520,358Net Income 2019: -$113,7672019Revenue 2020: $1,416,196Expenses 2020: $1,404,117Net Income 2020: $12,0792020Revenue 2021: $1,925,086Expenses 2021: $1,725,818Net Income 2021: $199,2682021Revenue 2022: $1,663,396Expenses 2022: $1,625,727Net Income 2022: $37,6692022Revenue 2023: $1,833,295Expenses 2023: $1,800,016Net Income 2023: $33,2792023Revenue 2024: $2,437,720Expenses 2024: $2,344,994Net Income 2024: $92,7262024

Highlighted filing

2024

Revenue$2,437,720
Expenses$2,344,994
Net Income$92,726

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.03$1.20$2.44$2.34$0.09
2023Summary only. Only limited summary data is available for this year.$1.08$0.05$1.04$1.83$1.80$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.03$0.98$1.66$1.63$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.07$0.02$1.04$1.93$1.73$0.20
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$0.05$0.72$1.42$1.40$0.01
2019Summary only. Only limited summary data is available for this year.$0.65$0.01$0.64$1.41$1.52$0.11
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$0.04$0.66$1.41$1.61$0.20
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.05$0.91$1.37$1.57$0.20
2016Summary only. Only limited summary data is available for this year.$1.02$0.01$1.01$1.50$1.78$0.29
2015Detailed filing. Detailed filing data is available for this year.$1.24$0.01$1.23$1.57$1.98$0.41
2014Detailed filing. Detailed filing data is available for this year.$1.64$0.01$1.63$2.23$2.50$0.27
2013Summary only. Only limited summary data is available for this year.$2.07$0.02$2.05$2.71$2.47$0.24
2012Summary only. Only limited summary data is available for this year.$1.69$0.00$1.69$2.50$2.19$0.31
2011Summary only. Only limited summary data is available for this year.$1.37$0.00$1.37$2.21$2.07$0.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.00$0.45$2.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 7, 2025
Return Version
2024v5.1
Gross Receipts
$2,594,276
Mission and Program Overview

Mission

Friends of chimbote is a faith-based organization dedicated to supporting programs that improve and transform the lives of the poor in chimbote, peru.

To support programs that improve and transform the lives of the poor of Chimbote Peru.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$609,329$831,108▲ $221,779
Savings and Temporary Cash Investments$394,147$343,612▼ $50,535
Pledges and Grants Receivable$70,557$49,689▼ $20,868
Prepaid Expenses and Deferred Charges$9,161$9,953▲ $792
Cash and Non-Interest-Bearing Accounts$538$0▼ $538
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,083,732$1,234,362▲ $150,630
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$45,538$34,019▼ $11,519
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$45,538$34,019▼ $11,519
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,018,194$1,144,749▲ $126,555
Net Assets With Donor Restrictions$20,000$55,594▲ $35,594
Total Net Assets Fund Balance$1,038,194$1,200,343▲ $162,149
Total Liabilities and Net Assets / Fund Balance$1,083,732$1,234,362▲ $150,630

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$831,108--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$609,329$313,353▲ $33,426$125,000$831,108
2023$624,524$64,570▲ $55,235$135,000$609,329
2022$722,690$26,779▼ $118,166$6,779$624,524
2021$353,063$259,440▲ $110,187$0$722,690
2020$283,713$25,000▲ $44,350$0$353,063
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael SmithExecutive DirectorFT$120,000$23,933$143,933

Board Members and Trustees

NameTitle
Eric KruegerChairman
Brian BergVice Chairman
Connie AltringerBoard member
Dan KunklemanBoard member
Dan KuzlikBoard member
Dan MahliBoard member
Fr Thomas GranerBoard member
Hubert SeilerBoard member
Jaiden McCollumBoard member
James HillBoard Member
Joseph MikrutBoard member
Kelli KesterBoard Member
Lucho EspejoBoard member
Mathias SamuelBoard member
Randy AlthoffBoard Member
Brenda KuegerSecretary
Michelle JirikTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,357,177
Program Service Revenue
$0
Investment Income
$80,543
Other Revenue
$0
All Other Contributions
$2,357,177
Change in Net Assets
$92,726

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table5,438$370,999Fair Market Value (FMV)
Securities Publicly Traded14$197,682Fair Market Value (FMV)
Total Noncash Contributions5,452$568,681-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,437,720
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$113,165
Total Revenue per Audited Statements
$2,550,885
Total Revenue per Form 990
$2,437,720
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,876,625
Salaries, Compensation, and Employee Benefits$373,194
Total Fundraising Expense$198,659
Other Expenses$95,175
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$1,876,625--$1,876,625
Other Salaries and Wages$26,690$60,495$89,247$176,432
Current Officers, Directors, Trustees, and Key Employees$39,600$39,600$40,800$120,000
Other Employee Benefits$11,916$17,981$23,356$53,253
Advertising$0$0$26,619$26,619
Payroll Taxes$5,250$7,939$10,320$23,509
Occupancy$0$12,646$0$12,646
Travel$0$3,736$8,317$12,053
Fees for Services Accounting$0$10,365$0$10,365
Information Technology$0$6,990$0$6,990
Office Expenses$0$6,389$0$6,389
Insurance$0$2,470$0$2,470
Total Functional Expenses$1,977,724$168,611$198,659$2,344,994

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,388,736
Expenses per Audited Statements$2,344,994
Total Expenses per Form 990$2,344,994
Expenses Not Reported on Form 990$43,742
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$1,821,442

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AmericaProgram servicesSupport for the poor in Chimbote Peru00$1,821,442
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 2

Brenda Krueger is the wife of Eric Krueger

Part VI, Line 11A

The treasurer reviewed the 990 prior to filing.

Part VI, Line 12C

The policy in effect requires any person with a potential conflict to report this to the board who will then review and vote on the issue. Anyone else at any time may also bring a potential conflict of interest to any board member to bring forward to the board.

Part VI, Line 15

The independent board of directors reviews executive director compensation and uses comparability data from the MN Council of Non-profits to determine compensation amounts.

Part VI, Line 19

The organizations governing documents & conflict of interest policy are available upon request through either written or electronic transmission. The Financial Statements & 990 are available on the organizations website and available upon request.

Filing and Contact Details

Filer

Filer Name
Friends of Chimbote
EIN
45-0453441
Phone
7013640162
Address
16 BROADWAY N STE 218, FARGO, ND 58102-5237

Signing Officer

Name
Michael Smith
Title
Executive Director
Phone
7013640162
Signed
2025-11-07

Organization Details

Principal Officer
Michael Smith
Formed
1998
Legal Domicile
Nd
Voting Board Members
18
Independent Board Members
18
Employees
4
Volunteers
285
Supplemental Narrative

Additional Explanations

Part XI, Line 9

| Description:, Explanation:, Amount:| The organization purchased a life insurance policy in 2004 on a founding member whose main responsibility was to fundraise for the organization. The purpose was to ensure there were funds to continue the mission if the founder was gone. The organization paid all the premiums due. The cost of the premium was increasing and determined to not be fiscally responsible to continue to pay. The policy was sold through a broker to an unrelated party., Other cost basis of Life Insurance Policy that was sold., $66892|

Financial Statement Notes

Part XI, line 2D

Cost basis of the other asset on the 990 - 86,634

Part XII, line 2D

Life insurance expense that was included in the cost basis for the sale of the other asset on the 990 - 19,742

Raw XML AppendixShowing 400 of 826 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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