Civic Intelligence

Spicola Family Foundation

EIN 41-1696272 • Minnetonka, MN

13017 April LaneMinnetonka, MN 55305
Siviq Scores

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

Liabilities / Assets

95th percentile

1.00x

Higher debt load relative to assets than 95% of similar nonprofits.

<$500k nonprofits • Source year 2022

Liabilities / Revenue

66th percentile

0.00x

Higher debt load relative to revenue than 66% of similar nonprofits.

<$500k nonprofits • Source year 2022

Net Margin

6th percentile

-429%

Higher net margin than 6% of similar nonprofits.

<$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

<$500k nonprofits • Source year 2022

Asset Growth

12th percentile

-100%

Faster asset growth than 12% of similar nonprofits.

<$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

96th percentile

271%

Faster revenue growth than 96% of similar nonprofits.

<$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$1

Down $342,962 (-100%) from 2021

Liabilities

Flat

$1

Flat from 2021

Net Assets

Down

$0

Down $342,963 (-100%) from 2021

Revenue

Up

$80,066

Up $58,499 (+271%) from 2021

Expenses

Up

$423,308

Up $394,804 (+1385%) from 2021

Net Income

Down

-$343,242

Down $336,305 (-4848%) from 2021

Trend Graphs

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $355,362Liabilities 2011: $02011Assets 2012: $348,148Liabilities 2012: $02012Assets 2013: $357,721Liabilities 2013: $02013Assets 2014: $384,451Liabilities 2014: $02014Assets 2015: $361,524Liabilities 2015: $02015Assets 2017: $376,366Liabilities 2017: $0Net Assets 2017: $376,3652017Assets 2018: $355,164Liabilities 2018: $0Net Assets 2018: $355,1642018Assets 2019: $357,363Liabilities 2019: $1Net Assets 2019: $357,3632019Assets 2020: $350,064Liabilities 2020: $1Net Assets 2020: $350,0642020Assets 2021: $342,963Liabilities 2021: $1Net Assets 2021: $342,9632021Assets 2022: $1Liabilities 2022: $1Net Assets 2022: $02022

Highlighted filing

2022

Assets$1
Liabilities$1
Net Assets$0

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2011: $25,993Expenses 2011: $23,129Net Income 2011: $2,8642011Revenue 2012: $14,889Expenses 2012: $22,103Net Income 2012: -$7,2142012Revenue 2013: $33,600Expenses 2013: $24,027Net Income 2013: $9,5732013Revenue 2014: $51,975Expenses 2014: $25,245Net Income 2014: $26,7302014Revenue 2015: $9,739Expenses 2015: $32,666Net Income 2015: -$22,9272015Revenue 2017: $29,672Expenses 2017: $24,663Net Income 2017: $5,0092017Revenue 2018: $4,785Expenses 2018: $25,952Net Income 2018: -$21,1672018Revenue 2019: $26,803Expenses 2019: $24,523Net Income 2019: $2,2802019Revenue 2020: $20,651Expenses 2020: $27,659Net Income 2020: -$7,0082020Revenue 2021: $21,567Expenses 2021: $28,504Net Income 2021: -$6,9372021Revenue 2022: $80,066Expenses 2022: $423,308Net Income 2022: -$343,2422022

Highlighted filing

2022

Revenue$80,066
Expenses$423,308
Net Income-$343,242

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 4, 2023
Return Version
2022v5.0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ANN JERHOFFPresident-$0--
JOHN SPICOLADirector-$0--
THOMAS SPICOLADirector-$0--
Filing and Contact Details

Filer

Filer Name
Spicola Family Foundation
EIN
41-1696272
Phone
6126671750
Address
13017 APRIL LANE, MINNETONKA, MN 55305

Signing Officer

Name
Thomas Spicola
Title
Director
Phone
6126671750
Signed
2023-05-04
Discuss with paid preparer
Yes

Preparer

Firm
Grant Thornton Llp
Address
100 EAST WISCONSIN AVE SUITE 2100, MILWAUKEE, WI 53202
Preparer
Michelle L Weber
Phone
4142898200
Raw XML Appendix361 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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DissolutionStmt/DissolutionInformationGrp/BusinessName/BusinessNameLine1Txt0COMMUNITY GIVING
DissolutionStmt/DissolutionInformationGrp/BusinessName/BusinessNameLine1Txt1THE MINNEAPOLIS FOUNDATION
DissolutionStmt/DissolutionInformationGrp/BusinessName/BusinessNameLine1Txt2DESERT COMMUNITY FOUNDATION
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DissolutionStmt/DissolutionInformationGrp/ShortExplanationTxt1DURING THE FILING YEAR, THE FOUNDATION MADE THE FOLLOWING DISTRIBUTIONS IN THE DISSOLUTION PROCESS. THESE CONTRIBUTIONS CONSTITUTE A FINAL DISTRIBUTION OF THE FOUNDATION'S ASSETS. A RESOLUTION OF DISSOLUTION WAS ADOPTED BY THE FOUNDATION ON DECEMBER 2, 2022.THE MINNEAPOLIS FOUNDATION - CASH - 12/15/2022 - $136,744
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IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0MINNEAPOLIS
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd0MN
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd055479
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd00
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd00
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd01
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd0MN
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd00
IRS990PF/StatementsRegardingActyGrp/PhoneNum06126671750
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd00
IRS990PF/StatementsRegardingActyGrp/Section4955ManagersTaxAmt00
IRS990PF/StatementsRegardingActyGrp/Section4955OrganizationTaxAmt00
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd01
IRS990PF/StatementsRegardingActyGrp/TaxReimbursedAmt00
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd00
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0N/A
IRS990PF/SumOfProgramRelatedInvstGrp/Description1Txt0NONE
IRS990PF/SumOfProgramRelatedInvstGrp/Expenses1Amt00
IRS990PF/SumOfProgramRelatedInvstGrp/TotalAmt00
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt0136744
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt1136744
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt2136744
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0THOMAS SPICOLA FAMILY FUND
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt1JOHN & CATHY SPICOLA FAMILY FUND
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt2JERHOFF FAMILY CHARITABLE FUND
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt0COMMUNITY GIVING
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt1THE MINNEAPOLIS FOUNDATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt2DESERT COMMUNITY FOUNDATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt0PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt1PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt2PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt0NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt1NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt2NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt0101 7TH AVE SOUTH SUITE 100
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt180 SOUTH EIGHT ST
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt275105 MERLE DR SUITE 300
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0ST CLOUD
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm1MINNEAPOLIS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm2PALM DESERT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0MN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd1MN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd2CA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd056301
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd155402
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd292211
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriApprvFutAmt00
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt0410232
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd00
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt019166
IRS990PF/UndistributedIncomeGrp/AppliedToPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt020889
IRS990PF/UndistributedIncomeGrp/CorpusDistri170b1EOr4942g3Amt00
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt019166
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt0374857
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt0374857
IRS990PF/UndistributedIncomeGrp/PriorYear1Yr02020
IRS990PF/UndistributedIncomeGrp/PriorYear2Yr02019
IRS990PF/UndistributedIncomeGrp/PriorYear3Yr02018
IRS990PF/UndistributedIncomeGrp/PriorYearDeficiencyOrTaxAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0414912
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt0374857
IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt0374857
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt00
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt020889
LiquidationExplanationStmt/ExplanationTxt0THE SPICOLA FAMILY FOUNDATION, A NON-OPERATING PRIVATE FOUNDATION ("FOUNDATION"), FORMALLY ADOPTED A TERMINATION PLAN UNDER IRC SEC. 507(B)(1)(A) THAT REQUIRED THE DISTRIBUTION OF ALL THE FOUNDATION'S ASSETS TO COMMUNITY GIVING, THE MINNEAPOLIS FOUNDATION AND DESERT COMMUNITY FOUNDATION (QUALIFIED PUBLIC CHARITIES). THE FOUNDATION HAS SUCCESSFULLY OPERATED AS A CHARITABLE ORGANIZATION SINCE ITS INCEPTION AND HAS NEVER COMMITTED A WILLFUL OR FLAGRANT VIOLATION OF THE TAX LAW. THE FOUNDATION HAS OPERATED ON A CALENDAR TAX YEAR AND FILED ALL REQUIRED TAX FORMS ON A TIMELY BASIS. A RESOLUTION OF DISSOLUTION WAS ADOPTED BY THE FOUNDATION ON DECEMBER 2, 2022. THE FINAL DISTRIBUTION OF ASSETS OCCURRED ON 12/15/2022.
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0ADR FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt019
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt019
OtherIncreasesSchedule/OtherIncreasesDetail/Amt0279
OtherIncreasesSchedule/OtherIncreasesDetail/Desc0PRIOR PERIOD ADJUSTMENT
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt03630
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0INVESTMENT MANAGEMENT
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt03630
TaxesSchedule/TaxesDetail/AdjustedNetIncomeAmt00
TaxesSchedule/TaxesDetail/Amt067
TaxesSchedule/TaxesDetail/CategoryTxt0FOREIGN TAXES
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt00
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt0133
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS SPICOLA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06126671750
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPICOLA FAMILY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SPIC
ReturnHeader/Filer/EIN0411696272
ReturnHeader/Filer/PhoneNum06126671750
ReturnHeader/Filer/USAddress/AddressLine1Txt013017 APRIL LANE
ReturnHeader/Filer/USAddress/CityNm0MINNETONKA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055305
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0366055558
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GRANT THORNTON LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 EAST WISCONSIN AVE SUITE 2100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MILWAUKEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd053202
ReturnHeader/PreparerPersonGrp/PhoneNum04142898200
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELLE L WEBER
ReturnHeader/ReturnTs02023-05-04T11:57:36-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0THOMAS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SPICOLA
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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