Civic Intelligence

Lathrop Gpm Foundation

990 • Fiscal year 2020 • EIN 41-6249497

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

500 Ids Center 80 South Eighth StMinneapolis, MN 55402-3796

(612) 632-3000

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

58th percentile

11%

Higher net margin than 58% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

60th percentile

12%

Faster asset growth than 60% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

77th percentile

16%

Faster revenue growth than 77% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$298,276

Up $31,405 (+12%) from 2019

Net Assets

Up

$298,276

Up $31,405 (+12%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$290,856

Up $40,303 (+16%) from 2019

Expenses

Up

$259,451

Up $46,933 (+22%) from 2019

Net Income

Down

$31,405

Down $6,630 (-17%) from 2019

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $29,713Liabilities 2011: $0Net Assets 2011: $29,7132011Assets 2012: $57,627Liabilities 2012: $0Net Assets 2012: $57,6272012Assets 2013: $96,232Liabilities 2013: $0Net Assets 2013: $96,2322013Assets 2014: $84,543Liabilities 2014: $0Net Assets 2014: $84,5432014Assets 2015: $80,669Liabilities 2015: $0Net Assets 2015: $80,6692015Assets 2016: $72,317Liabilities 2016: $0Net Assets 2016: $72,3172016Assets 2017: $130,264Liabilities 2017: $0Net Assets 2017: $130,2642017Assets 2018: $228,836Liabilities 2018: $0Net Assets 2018: $228,8362018Assets 2019: $266,871Liabilities 2019: $0Net Assets 2019: $266,8712019Assets 2020: $298,276Liabilities 2020: $0Net Assets 2020: $298,2762020Assets 2021: $494,291Liabilities 2021: $0Net Assets 2021: $494,2912021Assets 2022: $494,624Liabilities 2022: $0Net Assets 2022: $494,6242022Assets 2023: $384,354Liabilities 2023: $0Net Assets 2023: $384,3542023Assets 2024: $283,527Liabilities 2024: $0Net Assets 2024: $283,5272024

Highlighted filing

2020

Assets$298,276
Liabilities$0
Net Assets$298,276

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $367,033Expenses 2011: $464,509Net Income 2011: -$97,4762011Revenue 2012: $382,700Expenses 2012: $354,786Net Income 2012: $27,9142012Revenue 2013: $370,433Expenses 2013: $331,828Net Income 2013: $38,6052013Revenue 2014: $369,648Expenses 2014: $381,337Net Income 2014: -$11,6892014Revenue 2015: $366,657Expenses 2015: $370,531Net Income 2015: -$3,8742015Revenue 2016: $387,413Expenses 2016: $395,765Net Income 2016: -$8,3522016Revenue 2017: $320,185Expenses 2017: $265,238Net Income 2017: $54,9472017Revenue 2018: $331,752Expenses 2018: $233,181Net Income 2018: $98,5712018Revenue 2019: $250,553Expenses 2019: $212,518Net Income 2019: $38,0352019Revenue 2020: $290,856Expenses 2020: $259,451Net Income 2020: $31,4052020Revenue 2021: $447,893Expenses 2021: $251,878Net Income 2021: $196,0152021Revenue 2022: $299,042Expenses 2022: $298,708Net Income 2022: $3342022Revenue 2023: $158,058Expenses 2023: $268,328Net Income 2023: -$110,2702023Revenue 2024: $205,589Expenses 2024: $306,416Net Income 2024: -$100,8272024

Highlighted filing

2020

Revenue$290,856
Expenses$259,451
Net Income$31,405
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$290,856
Mission and Program Overview

Mission

Make grants to charitable organizations

To make contributions to other charitable organizations

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$266,871$298,276▲ $31,405
Total Assets$266,871$298,276▲ $31,405
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$266,871$298,276▲ $31,405
Total Net Assets Fund Balance$266,871$298,276▲ $31,405
Total Liabilities and Net Assets / Fund Balance$266,871$298,276▲ $31,405
Compensation and Service Providers

Board Members and Trustees

NameTitle
Catherine Bitzan AmundsenTrustee, Chairperson
Alison ZinnTrustee
Peter BrownTrustee
Sarah DuniwayTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$290,856
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$290,856
Change in Net Assets
$31,405
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$259,061
Other Expenses$390
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$259,061--$259,061
Other Expenses$390--$390
Total Functional Expenses$259,451$0$0$259,451
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fund for Legal Aid SocietyMinneapolis, MN501(c)(3)LAW DAY DINNER; ONE HOUR OF SHARING$33,460
Midwest Innocence ProjectKansas City, MO501(c)(3)2020 Signature Gift$25,000
The Advocates for Human RightsMinneapolis, MN501(c)(3)2020 Signature Gift$25,000
United Way of Central MinnesotaSt Cloud, MN501(c)(3)2020 LEADERS IN GIVING; COMMUNITY CAMPAIGN PLEDGE$16,500
Guthrie TheaterMinneapolis, MN501(c)(3)General Operating$10,000
Minnesota Justice Research CenterRoseville, MN501(c)(3)General Operating/sponsorship of 2020 Reimagining Justice Conference$10,000
Volunteer Lawyers NetworkMinneapolis, MN501(c)(3)ANNUAL RIVERFRONT CELEBRATION; GENERAL OPERATING$5,150
Dc Bar Pro Bono CenterWashington, DC501(c)(3)2020 PRESIDENT'S RECEPTION$5,000
Feeding AmericaChicago, IL501(c)(3)General Operating$5,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

All trustees are employees of lathrop gpm llp and several trustees are partners of lathrop gpm llp.

Form 990, Part VI, Section A, Line 7A

The foundation was established by the law firm gray, plant, mooty, mooty & bennett, p.a. ("gpm"), which is identified as the donor in the trust agreement. In that capacity, gpm as donor has the authority to appoint, remove, and fill vacancies on the foundation's board of trustees pursuant to section 8 of the trust agreement. Effective as of january 1, 2020, gpm entered into a transaction whereby it combined substantially all of its assets, operations, and personnel with the law firm of lathrop gage llp, with the combined firm having the name lathrop gpm llp ("lgpm"). Lgpm exercises its authority to appoint, remove, and fill vacancies on the foundation's board of trustees through its executive committee.

Form 990, Part VI, Section A, Line 7B

The trust agreement provides that gpm as donor has certain reserved powers with respect to the foundation, including appointment of the chair and sole authority to amend the trust agreement.

Form 990, Part VI, Section B, Line 11B

Form 990 is prepared and reviewed by the chair and at least one other trustee prior to filing.

Form 990, Part VI, Section B, Line 15

The foundation does not have any paid staff.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are not available to the public.

Filing and Contact Details

Filer

Filer Name
Lathrop Gpm Foundation
EIN
41-6249497
Phone
6126323000
Address
500 IDS CENTER 80 SOUTH EIGHTH ST, MINNEAPOLIS, MN 55402-3796

Signing Officer

Name
Catherine Bitzan Amundsen
Title
Trustee, Chairperson
Phone
6126323000
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Catherine Bitzan Amundsen
Formed
1982
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Lathrop Gpm Llp
Address
2345 GRAND BLVD, KANSAS CITY, MO 64108
Preparer
Garrett Pratt
Phone
8162922000
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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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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd655113
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd755401
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd864111
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL TRUSTEES ARE EMPLOYEES OF LATHROP GPM LLP AND SEVERAL TRUSTEES ARE PARTNERS OF LATHROP GPM LLP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION WAS ESTABLISHED BY THE LAW FIRM GRAY, PLANT, MOOTY, MOOTY & BENNETT, P.A. ("GPM"), WHICH IS IDENTIFIED AS THE DONOR IN THE TRUST AGREEMENT. IN THAT CAPACITY, GPM AS DONOR HAS THE AUTHORITY TO APPOINT, REMOVE, AND FILL VACANCIES ON THE FOUNDATION'S BOARD OF TRUSTEES PURSUANT TO SECTION 8 OF THE TRUST AGREEMENT. EFFECTIVE AS OF JANUARY 1, 2020, GPM ENTERED INTO A TRANSACTION WHEREBY IT COMBINED SUBSTANTIALLY ALL OF ITS ASSETS, OPERATIONS, AND PERSONNEL WITH THE LAW FIRM OF LATHROP GAGE LLP, WITH THE COMBINED FIRM HAVING THE NAME LATHROP GPM LLP ("LGPM"). LGPM EXERCISES ITS AUTHORITY TO APPOINT, REMOVE, AND FILL VACANCIES ON THE FOUNDATION'S BOARD OF TRUSTEES THROUGH ITS EXECUTIVE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TRUST AGREEMENT PROVIDES THAT GPM AS DONOR HAS CERTAIN RESERVED POWERS WITH RESPECT TO THE FOUNDATION, INCLUDING APPOINTMENT OF THE CHAIR AND SOLE AUTHORITY TO AMEND THE TRUST AGREEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS PREPARED AND REVIEWED BY THE CHAIR AND AT LEAST ONE OTHER TRUSTEE PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION DOES NOT HAVE ANY PAID STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0430948710
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0MO
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0LAW FIRM
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0LATHROP GPM LLP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt080 SOUTH 8TH ST
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0MINNEAPOLIS
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd055402
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0266871
IRS990/TotalAssetsEOYAmt0298276
IRS990/TotalAssetsGrp/BOYAmt0266871
IRS990/TotalAssetsGrp/EOYAmt0298276
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0290856
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0259451
IRS990/TotalFunctionalExpensesGrp/TotalAmt0259451
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0266871
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0298276
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0259451
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0290856
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0266871
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0298276
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0500 IDS CENTER 80 SOUTH EIGHTH ST
IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd0554023796
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0LATHROPGPM.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CATHERINE BITZAN AMUNDSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE, CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum06126323000
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LATHROP GPM FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LATH
ReturnHeader/Filer/EIN0416249497
ReturnHeader/Filer/PhoneNum06126323000
ReturnHeader/Filer/USAddress/AddressLine1Txt0500 IDS CENTER 80 SOUTH EIGHTH ST
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd0554023796
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0430948710
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LATHROP GPM LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02345 GRAND BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KANSAS CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd064108
ReturnHeader/PreparerPersonGrp/PhoneNum08162922000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GARRETT PRATT
ReturnHeader/ReturnTs02021-11-15T15:03:24-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CATHERINE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BITZAN AMUNDSEN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.84$0.00$2.84$2.06$3.06$1.01
2023Summary only. Only limited summary data is available for this year.$3.84$0.00$3.84$1.58$2.68$1.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.95$0.00$4.95$2.99$2.99$0.00
2021Summary only. Only limited summary data is available for this year.$4.94$0.00$4.94$4.48$2.52$1.96
2020Detailed filing. Detailed filing data is available for this year.$2.98$0.00$2.98$2.91$2.59$0.31
2019Summary only. Only limited summary data is available for this year.$2.67$0.00$2.67$2.51$2.13$0.38
2018Summary only. Only limited summary data is available for this year.$2.29$0.00$2.29$3.32$2.33$0.99
2017Summary only. Only limited summary data is available for this year.$1.30$0.00$1.30$3.20$2.65$0.55
2016Summary only. Only limited summary data is available for this year.$0.72$0.00$0.72$3.87$3.96$0.08
2015Summary only. Only limited summary data is available for this year.$0.81$0.00$0.81$3.67$3.71$0.04
2014Summary only. Only limited summary data is available for this year.$0.85$0.00$0.85$3.70$3.81$0.12
2013Summary only. Only limited summary data is available for this year.$0.96$0.00$0.96$3.70$3.32$0.39
2012Summary only. Only limited summary data is available for this year.$0.58$0.00$0.58$3.83$3.55$0.28
2011Summary only. Only limited summary data is available for this year.$0.30$0.00$0.30$3.67$4.65$0.97