Civic Intelligence

Forstrom Family Foundation

990PF • Fiscal year 2024 • EIN 35-2191686

Jan 01, 2024 to Dec 31, 2024 • Filed on Mar 07, 2025

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.

Liabilities / Assets

33rd percentile

0.00x

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

2024 filings • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.00x

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

2024 filings • $1M-$5M nonprofits • Source year 2024

Net Margin

88th percentile

51%

Higher net margin than 88% of similar nonprofits.

2024 filings • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

2024 filings • $1M-$5M nonprofits • Source year 2024

Asset Growth

75th percentile

14%

Faster asset growth than 75% of similar nonprofits.

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

Revenue Growth

34th percentile

0.3%

Faster revenue growth than 34% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$1,025,255

Up $126,409 (+14%) from 2023

Net Assets

Up

$1,025,255

Up $126,409 (+14%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin88th percentile

Revenue

Up

$246,901

Up $786 (+0.3%) from 2023

Expenses

Down

$120,492

Down $24,002 (-17%) from 2023

Net Income

Up

$126,409

Up $24,788 (+24%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

$1.5M$1.0M$500K$0Assets 2013: $13,919Liabilities 2013: $0Net Assets 2013: $13,9192013Assets 2014: $7,405Liabilities 2014: $0Net Assets 2014: $7,4052014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $200,000Liabilities 2018: $0Net Assets 2018: $200,0002018Assets 2019: $129,244Liabilities 2019: $0Net Assets 2019: $129,2442019Assets 2020: $362,444Liabilities 2020: $0Net Assets 2020: $362,4442020Assets 2021: $679,635Liabilities 2021: $0Net Assets 2021: $679,6352021Assets 2022: $797,225Liabilities 2022: $0Net Assets 2022: $797,2252022Assets 2023: $898,846Liabilities 2023: $0Net Assets 2023: $898,8462023Assets 2024: $1,025,255Liabilities 2024: $0Net Assets 2024: $1,025,2552024

Highlighted filing

2024

Assets$1,025,255
Liabilities$0
Net Assets$1,025,255
Open 2024 Filing

Operations Trend

Revenue Growth34th percentile

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

$400K$200K$0-$200KRevenue 2013: $8,163Expenses 2013: $22,741Net Income 2013: -$14,5782013Revenue 2014: $8,149Expenses 2014: $14,663Net Income 2014: -$6,5142014Revenue 2015: $1Expenses 2015: $7,406Net Income 2015: -$7,4052015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $200,000Expenses 2018: $0Net Income 2018: $200,0002018Revenue 2019: $596Expenses 2019: $71,352Net Income 2019: -$70,7562019Revenue 2020: $285,786Expenses 2020: $52,585Net Income 2020: $233,2012020Revenue 2021: $350,755Expenses 2021: $33,564Net Income 2021: $317,1912021Revenue 2022: $241,995Expenses 2022: $124,405Net Income 2022: $117,5902022Revenue 2023: $246,115Expenses 2023: $144,494Net Income 2023: $101,6212023Revenue 2024: $246,901Expenses 2024: $120,492Net Income 2024: $126,4092024

Highlighted filing

2024

Revenue$246,901
Expenses$120,492
Net Income$126,409
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 7, 2025
Return Version
2024v5.0
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
PERRY FORSTROMPresident-$0--
JOHN FORSTROMDirector-$0--
Grants and Assistance

Foundation Grants and Related Investments

TypeRecipientPurposeStatusLocationAmount
Paid GrantIMMANUEL LUTHERAN CHURCHCASHPUBLICCLARA CITY, MN, US$57,000
Paid GrantCITY OF CLARA CITYBUILD CITY PARKPUBLICCLARA CITY, MN, US$20,867
Paid GrantBETHEL LUTHERN CHURCHCASHPUBLICWILLMAR, MN, US$15,000
Paid GrantST ARMANDSCASHPUBLICSARASOTA, FL, US$15,000
Paid GrantAMERICAN LEGION - HOWARD LAKECASHPUBLICHOWARD LAKE, MN, US$10,000
Paid GrantFAIRVIEW CEMETARY ASSOCIATIONCASHPUBLICWILLMAR, MN, US$500
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
2025-03-07
Discuss with paid preparer
Yes

Preparer

Firm
Olson Clough & Leblanc Ltd
Address
10580 WAYZATA BLVD STE 200, MINNETONKA, MN 55305-1525
Preparer
Gregory P Leblanc
Phone
9525449600
Raw XML Appendix269 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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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt0PRESIDENT
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IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt0REFER TO SECTION XV WHICH LISTS ALL CHARITABLE ORGANIZATIONS WHICH HAVE RECEIVED GRANTS AND THE USE TO WHICH THE FUNDS WERE PUT TO.
IRS990PF/SumOfProgramRelatedInvstGrp/Description1Txt0N/A
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/FormAndInfoAndMaterialsTxt0ALL APPLICATIONS SHOULD BE IN LETTER FORM AND SHOULD PROVIDE INFORMATION ON THE APPLICANTS CHARITABLE PURPOSE AND FUNDING REQUIREMENTS.
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt2BETHEL LUTHERN CHURCH
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt3ST ARMANDS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt4AMERICAN LEGION - HOWARD LAKE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt5FAIRVIEW CEMETARY ASSOCIATION
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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt047315
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt047315
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt0100845
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt086160
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt043952
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt060722
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt060722
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt0302009
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt071052
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt0100845
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt086160
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt043952
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0118367
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt071052
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt0362731
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt0291679
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1Txt0CITIZENS ALLIANCE BANK
IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt0PO BOX 430
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0CLARA CITY
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0MN
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd056222
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0240000
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/Organization501c3ExemptPFInd0X
TaxesSchedule/TaxesDetail/Amt0110
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt0110
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN FORSTROM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FORSTROM FAMILY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0FORS
ReturnHeader/Filer/EIN0352191686
ReturnHeader/Filer/PhoneNum03205432151
ReturnHeader/Filer/USAddress/AddressLine1Txt08176 LONGBAY BLVD
ReturnHeader/Filer/USAddress/CityNm0SARASOTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034243
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411681939
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0OLSON CLOUGH & LEBLANC LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010580 WAYZATA BLVD STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNETONKA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0553051525
ReturnHeader/PreparerPersonGrp/PhoneNum09525449600
ReturnHeader/PreparerPersonGrp/PreparationDt02025-03-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GREGORY P LEBLANC
ReturnHeader/ReturnTs02025-03-08T08:30:18-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

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Filings

Displayed year

2024 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,025,255
Liabilities
$0
Net assets
$1,025,255
Revenue
$246,901
Expenses
$120,492
Net income
$126,409
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet 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