FARGO, N.D. – The Board of Directors of Fargo-based F5 Project said in a press release two officials with the non-profit properly disclosed personal loans from the organization through tax forms.
F5 Project gives people coming out of jail or prison resources like transitional housing and help with getting a job.
Tax forms show Chief Executive Officer Adam Martin received $53,700 in loans through a 2024 disclosure to the Internal Revenue Service. Chief Development Officer Scott College received nearly $24,000.
“Following review with legal, accounting and tax advisors, the board has confirmed that the organization’s actions and disclosures align with applicable legal and reporting requirements. Importantly, these matters have had no impact on service delivery contract performance or compliance obligations,” F5 Project’s Board of Directors said.
The nonprofit said the advances are being repaid according to documented schedules with no defaults, forgiveness or interest applied.
Tax documents show Martin owed nearly $35,000 at the end of 2024 and College owed nearly $6,500.
F5 Project has nine offices in North Dakota and one in Minnesota.
