FRIENDS OF THE HENNEPIN COUNTY LIBRARY

EIN: 363579536 501(c)(3)

MINNEAPOLIS, MN

Total Revenue
$5,976,963
Total Expenses
$4,242,221
Total Assets
$10,776,532
Net Assets
$10,521,863
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
MN
Principal Officer
KRISTI PEARSON
Phone
6125438100
Tax Period
2025-01-01 to 2025-12-31

FRIENDS OF THE HENNEPIN COUNTY LIBRARY, founded in 1986, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2025. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 29% operating margin.

Mission

FRIENDS OF THE HENNEPIN COUNTY LIBRARY IS THE FUNDRAISING PARTNER OF HENNEPIN COUNTY LIBRARY AND BUILDS AWARENESS, APPRECIATION AND SUPPORT FOR OUR WORLD-CLASS LIBRARY.

Program Service Accomplishments

Program 1
Expenses: $2,590,310

LIBRARY SUPPORT: AS THE LIBRARY'S NONPROFIT FUNDRAISING PARTNER, FHCL BUILDS LIBRARY AWARENESS AND APPRECIATION THROUGH COMPELLING STORYTELLING AND RAISES SIGNIFICANT FINANCIAL RESOURCES FOR LIBRARY...

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LIBRARY SUPPORT: AS THE LIBRARY'S NONPROFIT FUNDRAISING PARTNER, FHCL BUILDS LIBRARY AWARENESS AND APPRECIATION THROUGH COMPELLING STORYTELLING AND RAISES SIGNIFICANT FINANCIAL RESOURCES FOR LIBRARY STRATEGIC PRIORITIES, INCLUDING WORKFORCE DEVELOPMENT, COMMUNITY OUTREACH, YOUTH DEVELOPMENT AND THE WORLD CLASS COLLECTION. TOGETHER, WE ENVISION A HENNEPIN COUNTY WHERE LIBRARY SERVICES ENSURE THAT EVERY PERSON HAS THE OPPORTUNITY AND RESOURCES TO READ, GRADUATE, ENGAGE, WORK AND LEARN.

Program 2
Expenses: $295,126 Revenue: $582,147

PEN PALS: PEN PALS IS THE HIGHLY ACCLAIMED, LONGEST RUNNING LITERARY SERIES IN THE TWIN CITIES FEATURING AWARD-WINNING, BEST-SELLING AUTHORS WHO SPEAK ON THEIR LIFE AND WORK AS WRITERS. THIS AUTHOR...

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PEN PALS: PEN PALS IS THE HIGHLY ACCLAIMED, LONGEST RUNNING LITERARY SERIES IN THE TWIN CITIES FEATURING AWARD-WINNING, BEST-SELLING AUTHORS WHO SPEAK ON THEIR LIFE AND WORK AS WRITERS. THIS AUTHOR LECTURE SERIES GENERATES INCOME SUPPORTING THE ORGANIZATION'S MISSION. FORTY-ONE VOLUNTEERS ASSISTED STAFF AT FIVE IN-PERSON EVENTS, CONTRIBUTING 280 HOURS TO THE PROGRAM. IN 2025, 4,500 PEOPLE ATTENDED IN-PERSON EVENTS, AND 3,320 HOUSEHOLDS ATTENDED VIRTUAL LIVESTREAM PROGRAMS OR ON-DEMAND RECORDINGS.

Program 3
Expenses: $482,854

PUBLIC AWARENESS AND DONOR ENGAGEMENT: TALK OF THE STACKS IS A FREE AUTHOR LECTURE SERIES PRODUCED BY FRIENDS WITH GUEST AUTHORS WHO FOCUS ON CONTEMPORARY LITERATURE AND CULTURE ACROSS AN ARRAY OF...

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PUBLIC AWARENESS AND DONOR ENGAGEMENT: TALK OF THE STACKS IS A FREE AUTHOR LECTURE SERIES PRODUCED BY FRIENDS WITH GUEST AUTHORS WHO FOCUS ON CONTEMPORARY LITERATURE AND CULTURE ACROSS AN ARRAY OF SOCIAL, ECONOMIC AND GLOBAL TOPICS. THE 2025 SEASON INCLUDED FOUR IN-PERSON EVENTS, THAT ALSO OFFERED A VIRTUAL LIVESTREAM OPTION, AND ONE VIRTUAL-ONLY PROGRAM. IN TOTAL, 740 PEOPLE ATTENDED IN-PERSON EVENTS, 2,190 HOUSEHOLDS ATTENDED VIRTUAL PROGRAMS AND 1,590 ACCESSED ON-DEMAND RECORDINGS THROUGHOUT THE YEAR AT NO COST. IN ADDITION TO THESE PROGRAMS, ONE AUTHOR/BOOK CLUB PANEL EVENT WAS PRODUCED WITH 225 PEOPLE ATTENDING IN-PERSON, 140 HOUSEHOLDS ATTENDING VIRTUALLY, AND ANOTHER 290 ATTENDEES VIEWING THE ON-DEMAND RECORDING THEREAFTER. FINALLY, ONE LIBRARY FUNDRAISER WAS (CONTINUED ON SCHEDULE O)ATTENDED BY 151 GUESTS, AND ONE DONOR STEWARDSHIP LUNCHEON WAS ATTENDED BY 116 GUESTS. FURTHER PUBLIC AWARENESS PIECES ON BEHALF OF THE LIBRARY SYSTEM: 2,500 PRINTED EVENT GUIDES WERE DISTRIBUTED TO AUDIENCE MEMBERS AT THE FIVE IN-PERSON PEN PALS EVENTS AND FOUR IN-PERSON TALK OF THE STACKS EVENTS, AND 1,036 ATTENDEES ACCESSED VIRTUAL EVENT GUIDES. MORE THAN 25,984 PRINT NEWSLETTERS WERE DISTRIBUTED. 12 EMAIL COMMUNICATIONS WERE SENT TO 30,779 E-NEWS SUBSCRIBERS. SOCIAL MEDIA FOLLOWERS (FACEBOOK, INSTAGRAM, TWITTER, LINKEDIN) GREW TO 14,883 SUBSCRIBERS, AND THERE WERE 163,934 FHCL WEBSITE VISITS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $4,898,904
Program Service Revenue $582,147
Investment Income $474,408
Other Revenue $21,504
TOTAL REVENUE $5,976,963

Expense Breakdown

Grants Paid $2,500,000
Salaries & Benefits $1,067,778
Fundraising Expenses $657,016
Program Expenses $3,368,290
Other Expenses $674,443
TOTAL EXPENSES $4,242,221

Year-over-Year Comparison

2025 2024 Change
Revenue $5,976,963 $4,340,269 +0.4%
Expenses $4,242,221 $4,056,890 +0.0%
Net Income $1,734,742 $283,379 +5.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
12
Volunteers
45

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$191,752
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MOHAMMED LAWAL PRESIDENT 1.00
Officer Director
$0 $0 $0
KAI SAKSTRUP VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BETSY SYLVESTER TREASURER 1.00
Officer Director
$0 $0 $0
JONATHAN GAW SECRETARY 1.00
Officer Director
$0 $0 $0
JULIE ALLINSON DIRECTOR 1.00
Director
$0 $0 $0
JULIA DAYTON KLEIN DIRECTOR 1.00
Director
$0 $0 $0
JOHN GIBBS DIRECTOR 1.00
Director
$0 $0 $0
JARED HANKS DIRECTOR 1.00
Director
$0 $0 $0
LISSA JONES-LOFGREN DIRECTOR 1.00
Director
$0 $0 $0
ROSA MARROQUIN DIRECTOR 1.00
Director
$0 $0 $0
JANE MCDONALD BLACK DIRECTOR 1.00
Director
$0 $0 $0
NAWAL NOOR DIRECTOR 1.00
Director
$0 $0 $0
KYLE PARSONS DIRECTOR 1.00
Director
$0 $0 $0
KRISTI PEARSON CEO 40.00
Officer
$183,843 $7,909 $191,752
KERSTIN BEYER LAJUZAN CDO 40.00
Highest
$126,113 $11,238 $137,351
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $5,976,963 $4,242,221 $10,776,532 $1,734,742
2024 No data No data No data No data
2023 $4,105,719 $4,015,277 $8,044,246 $90,442
2022 $4,920,419 $3,996,666 $7,411,418 $923,753
2021 $5,950,054 $3,519,311 $7,936,956 $2,430,743
2020 $2,893,102 $2,954,059 $5,361,803 $-60,957
2019 $3,641,849 $2,627,258 $5,115,205 $1,014,591
2018 $2,781,669 $2,490,592 $3,698,034 $291,077
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