Civic Intelligence

Tom Bearson Foundation

990EZ • Fiscal year 2016 • EIN 47-3764980

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 15, 2017

PO Box 351Sartell, MN 56377

(320) 217-2008

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2016

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2016

Net Margin

16th percentile

-20%

Higher net margin than 16% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

12th percentile

-37%

Faster asset growth than 12% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

87th percentile

55%

Faster revenue growth than 87% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$28,424

Down $16,970 (-37%) from 2015

Net Assets

Down

$28,424

Down $16,970 (-37%) from 2015

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$85,850

Up $30,633 (+55%) from 2015

Expenses

Up

$102,820

Up $92,997 (+947%) from 2015

Net Income

Down

-$16,970

Down $62,364 (-137%) from 2015

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2015: $45,394Liabilities 2015: $0Net Assets 2015: $45,3942015Assets 2016: $28,424Net Assets 2016: $28,4242016Assets 2017: $45,429Net Assets 2017: $45,4292017Assets 2018: $51,940Net Assets 2018: $51,9402018Assets 2019: $67,297Net Assets 2019: $67,2972019Assets 2020: $66,483Net Assets 2020: $66,4832020Assets 2021: $96,510Net Assets 2021: $96,5102021Assets 2022: $78,693Net Assets 2022: $78,6932022Assets 2023: $17,391Net Assets 2023: $17,3912023Assets 2024: $0Net Assets 2024: $02024

Highlighted filing

2016

Assets$28,424
Liabilities-
Net Assets$28,424

Operations Trend

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

$200K$100K$0-$100KRevenue 2015: $55,217Expenses 2015: $9,823Net Income 2015: $45,3942015Revenue 2016: $85,850Expenses 2016: $102,820Net Income 2016: -$16,9702016Revenue 2017: $38,746Expenses 2017: $21,741Net Income 2017: $17,0052017Revenue 2018: $36,293Expenses 2018: $29,782Net Income 2018: $6,5112018Revenue 2019: $35,445Expenses 2019: $20,086Net Income 2019: $15,3592019Revenue 2020: $7,315Expenses 2020: $8,130Net Income 2020: -$8152020Revenue 2021: $33,322Expenses 2021: $3,295Net Income 2021: $30,0272021Revenue 2022: $136,824Expenses 2022: $154,641Net Income 2022: -$17,8172022Revenue 2023: $11,668Expenses 2023: $72,970Net Income 2023: -$61,3022023Revenue 2024: $380Expenses 2024: $17,771Net Income 2024: -$17,3912024

Highlighted filing

2016

Revenue$85,850
Expenses$102,820
Net Income-$16,970
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 15, 2017
Return Version
2016v3.0
Gross Receipts
$108,631
Mission and Program Overview

Mission

We are dedicted to keeping tom's memory alive through the following charitable community intitiatives: to increase interest and participation for basketball players of all ages and help create more opportunites to play the game to provide funding for student scholarships and youth basketball programs to partner with organizations that promote on and off campus safety for all college students

Program Services

DescriptionGrantsExpenses
TO PROMOTE THE SPORT OF BASKETBALL IN AREA YOUTH THROUGH LOCAL SCHOOLS, ASSOCIATIONS AND COMMUNITY EVENTS. THIS YEARS MAIN FOCUS WAS ON RENOVATING A GYM WHICH TOM PLAYED MUCH OF HIS YOUTH BASKETBALL. THIS GYM WAS SELECTED BY THE BOARD, DONATIONS WERE SOLICITED AND THE BOARD WORKED WITH THE SCHOOL TO DEFINE THE IMPROVEMENTS NEEDED, ASSISTED IN WORKING WITH THE CONTRACTOR AND DEDICATING THE GYM TO TOM'S MEMORY.-$82,570
TO INCREASE COMMUNITY ACTIVITES FOR YOUTH WITHIN THE COMMUNITY THROUGH PROMOTION OF INTEREST AND PARTICIPATION OF YOUTH OF ALL AGES IN BASKETBALL, PROVISION OF FUNDING FOR STUDENT SCHOLARSHIPS AND YOUTH BASKETBALL PROGRAMS, AND PARTNER WITH ORGANIZATIONS THAT PROMOTE ON AND OFF CAMPUS SAFETY FOR ALL COLLEGE STUDENTS.$4,282$18,338
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
GREG BEARSONDirectorPT$0--
DEB BEARSONDirectorPT$0--
MADDIE BEARSONDirectorPT$0--
GREG NEESERDirector-$0--
KELLEY NEESERDirector-$0--
JOHN DOCKENDORFDirector-$0--
ROBERT L SCHUMANNDirector-$0--
DAVE FISCHERDirector-$0--
DANA FISCHERDirectorPT$0--
JOHN LOVITZDirector-$0--
CHERYL LOVITZDirector-$0--
TOM BEVANSDirector-$0--
RYAN WALSHDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$54,621$39,821$18,055$21,766
Total Events$54,621$39,821$18,055$21,766
Filing and Contact Details

Filer

Filer Name
Tom Bearson Foundation
EIN
47-3764980
Phone
3202172008
Address
PO BOX 351, SARTELL, MN 56377

Signing Officer

Name
Greg Bearson
Title
Director
Phone
3202172008
Signed
2017-09-15
Discuss with paid preparer
Yes

Preparer

Firm
J Maiers CPA LLC
Address
9 FOURTH AVENUE SOUTH PO BOX 280, SARTELL, MN 56377
Preparer
Joseph E Maiers CPA
Phone
3207742941
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Tom bearson night 1,957 total 1,957

Form 990-ez, Part I, Line 16

Expenses advertising/signs/website 4,187 204 state of mn fee 25 po box rental 82 243 planning meetings 367 clothing etc to promote 8,522 costs to renovate gym 82,570 total 96,200

Form 990-ez, Part III

We are dedicted to keeping tom's memory alive through the following charitable community intitiatives: to increase interest and participation for basketball players of all ages and help create more opportunites to play the game to provide funding for student scholarships and youth basketball programs to partner with organizations that promote on and off campus safety for all college students

Form 990-ez, Part III, Line 28

To increase community activites for youth within the community through promotion of interest and participation of youth of all ages in basketball, provision of funding for student scholarships and youth basketball programs, and partner with organizations that promote on and off campus safety for all college students.

Form 990-ez, Part III, Line 29

To promote the sport of basketball in area youth through local schools, associations and community events. This years main focus was on renovating a gym which tom played much of his youth basketball. This gym was selected by the board, donations were solicited and the board worked with the school to define the improvements needed, assisted in working with the contractor and dedicating the gym to tom's memory.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TOM BEARSON NIGHT 1,957 TOTAL 1,957
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING/SIGNS/WEBSITE 4,187 204 STATE OF MN FEE 25 PO BOX RENTAL 82 243 PLANNING MEETINGS 367 CLOTHING ETC TO PROMOTE 8,522 COSTS TO RENOVATE GYM 82,570 TOTAL 96,200
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WE ARE DEDICTED TO KEEPING TOM'S MEMORY ALIVE THROUGH THE FOLLOWING CHARITABLE COMMUNITY INTITIATIVES: TO INCREASE INTEREST AND PARTICIPATION FOR BASKETBALL PLAYERS OF ALL AGES AND HELP CREATE MORE OPPORTUNITES TO PLAY THE GAME TO PROVIDE FUNDING FOR STUDENT SCHOLARSHIPS AND YOUTH BASKETBALL PROGRAMS TO PARTNER WITH ORGANIZATIONS THAT PROMOTE ON AND OFF CAMPUS SAFETY FOR ALL COLLEGE STUDENTS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TO PROMOTE THE SPORT OF BASKETBALL IN AREA YOUTH THROUGH LOCAL SCHOOLS, ASSOCIATIONS AND COMMUNITY EVENTS. THIS YEARS MAIN FOCUS WAS ON RENOVATING A GYM WHICH TOM PLAYED MUCH OF HIS YOUTH BASKETBALL. THIS GYM WAS SELECTED BY THE BOARD, DONATIONS WERE SOLICITED AND THE BOARD WORKED WITH THE SCHOOL TO DEFINE THE IMPROVEMENTS NEEDED, ASSISTED IN WORKING WITH THE CONTRACTOR AND DEDICATING THE GYM TO TOM'S MEMORY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 29
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT. THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/ReturnTs02017-09-19T08:41:49-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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