Forstrom Family Foundation

990PF • Fiscal year 2021 • EIN 35-2191686

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 06, 2022

Organization Profile

8176 Longbay BlvdSarasota, FL 34243

(320) 543-2151

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • $500k-$1M nonprofits • Source year 2021

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • $500k-$1M nonprofits • Source year 2021

90%

Higher net margin than 97% of similar nonprofits.

2021 filings • $500k-$1M nonprofits • Source year 2021

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • $500k-$1M nonprofits • Source year 2021

88%

Faster asset growth than 92% of similar nonprofits.

2021 filings • $500k-$1M nonprofits • Annualized from 2020 to 2021

23%

Faster revenue growth than 58% of similar nonprofits.

2021 filings • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet

Liabilities / Assets39th percentile

Assets

$679,635

Up $317,191 (+88%) from 2020

Net Assets

$679,635

Up $317,191 (+88%) from 2020

Liabilities

Flat

Flat from 2020

Revenue And Expenses

Liabilities / Revenue39th percentile Net Margin97th percentile

Revenue

$350,755

Up $64,969 (+23%) from 2020

Expenses

Down

$33,564

Down $19,021 (-36%) from 2020

Net Income

$317,191

Up $83,990 (+36%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2021

Assets$679,635

Liabilities$0

Net Assets$679,635

Open 2021 Filing

Operations Trend

Revenue Growth58th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2021

Revenue$350,755

Expenses$33,564

Net Income$317,191

Open 2021 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2021 to Dec 31, 2021
Signed: Mar 6, 2022
Return Version: 2021v4.0

Compensation and Service Providers

Top Officer Pay56th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
NORMA FORSTROM	President	-	$0	-	-
JOHN FORSTROM	Director	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Forstrom Family Foundation
EIN: 35-2191686
Phone: 3205432151
Address: 8176 LONGBAY BLVD, SARASOTA, FL 34243

Signing Officer

Name: John Forstrom
Title: Director
Signed: 2022-03-06

Preparer

Firm: Olson Clough & Leblanc Ltd
Address: 10580 WAYZATA BLVD STE 200, MINNETONKA, MN 55305-1525
Preparer: Gregory P Leblanc
Phone: 9525449600

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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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AccountingFeesSchedule/AccountingFeesDetail/CategoryTxt	0	INDIRECT ACCOUNTING FEES
IRS990PF/AnalysisIncomeProducingActyGrp/IntOnSavAndTempCashInvstGrp/RelatedOrExemptFunctionIncmAmt	0	755
IRS990PF/AnalysisIncomeProducingActyGrp/SubtotalsIncmProducingActyGrp/RelatedOrExemptFunctionIncmAmt	0	755
IRS990PF/AnalysisIncomeProducingActyGrp/TotalIncomeProducingActyAmt	0	755
IRS990PF/AnalysisOfRevenueAndExpenses/AccountingFeesRevAndExpnssAmt	0	1835
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IRS990PF/AnalysisOfRevenueAndExpenses/ContriRcvdRevAndExpnssAmt	0	350000
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IRS990PF/AnalysisOfRevenueAndExpenses/TaxesRevAndExpnssAmt	0	29
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IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TaxDueAmt	0	10
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IRS990PF/MethodOfAccountingCashInd	0	X
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompOfHghstPdCntrctOrNONETxt	0	NONE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompOfHghstPdEmplOrNONETxt	0	NONE
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ExpenseAccountOtherAllwncAmt	1	0
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm	0	NORMA FORSTROM
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm	1	JOHN FORSTROM
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt	0	PRESIDENT
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt	1	DIRECTOR
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt	0	8176 LONGBAY BLVD
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IRS990PF/Organization501c3ExemptPFInd	0	X
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IRS990PF/RlnOfActyToAccomOfExmptPrpsGrp/RlnOfActyToAccomOfExmptPrpsGrp/LineNumberTxt	0	1C
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IRS990PF/StatementsRegardingActy4720Grp/InfluenceLegislationInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/JeopardyInvestmentsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/NoncharitablePurposeInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/PayCompDisqualifiedPrsnInd	0	false
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IRS990PF/StatementsRegardingActy4720Grp/RcvFndsToPayPrsnlBnftCntrctInd	0	false
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IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd	0	true
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IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd	0	false
IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd	0	true
IRS990PF/StatementsRegardingActyGrp/IndividualWithBooksNm	0	JOHN FORSTROM
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd	0	false
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt	0	8176 LONGBAY BLVD
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm	0	SARASOTA
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IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd	0	false
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd	0	false
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd	0	false
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd	0	MN
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IRS990PF/StatementsRegardingActyGrp/PhoneNum	0	3205432151
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IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd	0	false
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt	0	NONE
IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt	0	REFER TO SECTION XV WHICH LISTS ALL CHARITABLE ORGANIZATIONS WHICH HAVE RECEIVED GRANTS AND THE USE TO WHICH THE FUNDS WERE PUT TO.
IRS990PF/SumOfProgramRelatedInvstGrp/Description1Txt	0	N/A
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/FormAndInfoAndMaterialsTxt	0	ALL APPLICATIONS SHOULD BE IN LETTER FORM AND SHOULD PROVIDE INFORMATION ON THE APPLICANTS CHARITABLE PURPOSE AND FUNDING REQUIREMENTS.
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPersonNm	0	JOHN FORSTROM
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPhoneNum	0	3205432151
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/AddressLine1Txt	0	8176 LONGBAY BLVD
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IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/ZIPCd	0	34243
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RestrictionsOnAwardsTxt	0	RESTRICTIONS RELATE TO THE GEOGRAPHICAL AREA OF RECEIPIENTS.
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/SubmissionDeadlinesTxt	0	NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt	0	20250
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt	1	11250
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt	2	200
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt	0	CASH
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt	1	CASH
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt	2	CASH
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt	0	IMMANUEL LUTHERAN CHURCH
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt	1	BETHEL LUTHERN CHURCH
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt	2	FAIRVIEW CEMETARY ASSOCIATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt	0	PUBLIC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt	1	PUBLIC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt	2	PUBLIC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt	0	NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt	1	NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt	2	NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt	0	204 2ND AVE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt	1	411 BECKER AVE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt	2	PO BOX 5
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm	0	CLARA CITY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm	1	WILLMAR
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm	2	WILLMAR
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd	0	MN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd	1	MN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd	2	MN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd	0	56222
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd	1	56201
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd	2	56201
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt	0	31700
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd	0	false
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IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt	0	31700
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt	0	34921
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt	0	3221
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt	0	43952
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt	0	63943
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt	0	3221
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt	0	104674
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt	0	43952
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt	0	60722
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt	0	31700
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt	0	104674
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt	0	107895
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt	0	0
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1Txt	0	CITIZENS ALLIANCE BANK
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	0	1
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt	0	430 MAIN ST
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm	0	CLARA CITY
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd	0	MN
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd	0	56222
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd	0	X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	0	350000
IRS990ScheduleB/GeneralRuleInd	0	X
IRS990ScheduleB/Organization501c3ExemptPFInd	0	X
TaxesSchedule/TaxesDetail/Amt	0	29
TaxesSchedule/TaxesDetail/CategoryTxt	0	INDIRECT TAXES/LICENSES
ReturnHeader/BuildTS	0	2022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	JOHN FORSTROM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2022-03-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	FORSTROM FAMILY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt	0	FORS
ReturnHeader/Filer/EIN	0	352191686
ReturnHeader/Filer/PhoneNum	0	3205432151
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	8176 LONGBAY BLVD
ReturnHeader/Filer/USAddress/CityNm	0	SARASOTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	FL
ReturnHeader/Filer/USAddress/ZIPCd	0	34243
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	411681939
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	OLSON CLOUGH & LEBLANC LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	10580 WAYZATA BLVD STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	MINNETONKA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	553051525
ReturnHeader/PreparerPersonGrp/PhoneNum	0	9525449600
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2022-03-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	GREGORY P LEBLANC
ReturnHeader/ReturnTs	0	2022-04-04T15:21:44-05:00
ReturnHeader/ReturnTypeCd	0	990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm	0	JOHN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm	0	FORSTROM
ReturnHeader/TaxPeriodBeginDt	0	2021-01-01
ReturnHeader/TaxPeriodEndDt	0	2021-12-31
ReturnHeader/TaxYr	0	2021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $679,635
Liabilities: $0
Net assets: $679,635
Revenue: $350,755
Expenses: $33,564
Net income: $317,191

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025Detailed filing. Detailed filing data is available for this year.
2024Detailed filing. Detailed filing data is available for this year.	$1.03	$0.00	$1.03	$0.25	$0.12	$0.13
2023Detailed filing. Detailed filing data is available for this year.	$0.90	$0.00	$0.90	$0.25	$0.14	$0.10
2022Detailed filing. Detailed filing data is available for this year.	$0.80	$0.00	$0.80	$0.24	$0.12	$0.12
2021Detailed filing. Detailed filing data is available for this year.	$0.68	$0.00	$0.68	$0.35	$0.03	$0.32
2020Detailed filing. Detailed filing data is available for this year.	$0.36	$0.00	$0.36	$0.29	$0.05	$0.23
2019Detailed filing. Detailed filing data is available for this year.	$0.13	$0.00	$0.13	$0.00	$0.07	$0.07
2018Detailed filing. Detailed filing data is available for this year.	$0.20	$0.00	$0.20	$0.20	$0.00	$0.20
2017Detailed filing. Detailed filing data is available for this year.	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
2016Detailed filing. Detailed filing data is available for this year.	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
2015Detailed filing. Detailed filing data is available for this year.	$0.00	$0.00	$0.00	$0.00	$0.01	$0.01
2014Detailed filing. Detailed filing data is available for this year.	$0.01	$0.00	$0.01	$0.01	$0.01	$0.01
2013Detailed filing. Detailed filing data is available for this year.	$0.01	$0.00	$0.01	$0.01	$0.02	$0.01