Civic Intelligence

The Flip Saunders Legacy Fund

EIN 47-5469026 • 501(c)3 • Wayzata, MN

Profile

The flip saunders legacy fund was established to aid and support deserving individuals or groups to continue the positive impact of his life.

935 Lake Street E No 406Wayzata, MN 55391

n/A

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

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

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

Liabilities / Revenue

62nd percentile

0.00x

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

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

Net Margin

2nd percentile

-3892%

Higher net margin than 2% of similar nonprofits.

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

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.

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

Asset Growth

43rd percentile

-7.4%

Faster asset growth than 43% of similar nonprofits.

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

Revenue Growth

6th percentile

-95%

Faster revenue growth than 6% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$122,586

Down $9,729 (-7.4%) from 2019

Liabilities

Flat

$0

Flat from 2019

Net Assets

Down

$122,586

Down $9,729 (-7.4%) from 2019

Operations
Liabilities / Revenue62nd percentileNet Margin2nd percentile

Revenue

Down

$250

Down $5,000 (-95%) from 2019

Expenses

Down

$9,979

Down $9,692 (-49%) from 2019

Net Income

Up

-$9,729

Up $4,692 (+33%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth43rd percentile

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

$150K$100K$50K$0Assets 2018: $146,736Liabilities 2018: $02018Assets 2019: $132,315Liabilities 2019: $0Net Assets 2019: $132,3152019Assets 2020: $122,586Liabilities 2020: $0Net Assets 2020: $122,5862020

Highlighted filing

2020

Assets$122,586
Liabilities$0
Net Assets$122,586
Open 2020 Filing

Operations Trend

Revenue Growth6th percentile

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

$100K$50K$0-$50KRevenue 2018: $81,520Expenses 2018: $13,776Net Income 2018: $67,7442018Revenue 2019: $5,250Expenses 2019: $19,671Net Income 2019: -$14,4212019Revenue 2020: $250Expenses 2020: $9,979Net Income 2020: -$9,7292020

Highlighted filing

2020

Revenue$250
Expenses$9,979
Net Income-$9,729
Open 2020 Filing

Filings

Most recent year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$122,586
Liabilities
$0
Net assets
$122,586
Revenue
$250
Expenses
$9,979
Net income
-$9,729
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.23$0.00$0.10$0.10
2019Detailed filing. Detailed filing data is available for this year.$1.32$0.00$1.32$0.05$0.20$0.14
2018Summary only. Only limited summary data is available for this year.$1.47$0.00$0.82$0.14$0.68
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 7, 2021
Return Version
2020v4.1
Gross Receipts
$250
Mission and Program Overview

Mission

The flip saunders legacy fund was established to aid and support deserving individuals or groups to continue the positive impact of his life.

Program Services

DescriptionGrantsExpenses
TO PROVIDE OPPORTUNITIES FOR AREA YOUTH WITH A FINANCIAL HARDSHIP TO ATTEND A TIMBERWOLVES OR LYNX BASKETBALL CAMP OR CLINIC.$7,500$7,500
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DEBBIE SAUNDERSExecutive Director-$0--
RYAN SAUNDERSDirector-$0--
MARK M TERMINITreasurer-$0--
Filing and Contact Details

Filer

Filer Name
The Flip Saunders Legacy Fund
EIN
47-5469026
Phone
7634438208
Address
935 LAKE STREET E NO 406, WAYZATA, MN 55391

Signing Officer

Name
Debbie Saunders
Title
Executive Director
Phone
7634438208
Signed
2021-05-07
Discuss with paid preparer
Yes

Preparer

Firm
Wipfli Llp
Address
1502 LONDON ROAD SUITE 200, DULUTH, MN 55812
Preparer
Michael J Peterson CPA
Phone
2187224705
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: state of minnesota. Amount: 75.”

Raw XML Appendix140 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DEBBIE SAUNDERS
IRS990EZ/BooksInCareOfDetail/PhoneNum07634438208
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0935 LAKE STREET E 406
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WAYZATA
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd055340
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0132315
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0122586
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt0250
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-9729
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IRS990EZ/ForeignOfficeInd00
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IRS990EZ/GrantsAndSimilarAmountsPaidAmt07500
IRS990EZ/GrossReceiptsAmt0250
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0132315
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0122586
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0132315
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DEBBIE SAUNDERS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1RYAN SAUNDERS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MARK M TERMINI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt075
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE FLIP SAUNDERS LEGACY FUND WAS ESTABLISHED TO AID AND SUPPORT DESERVING INDIVIDUALS OR GROUPS TO CONTINUE THE POSITIVE IMPACT OF HIS LIFE.
IRS990EZ/PrintingPublicationsPostageAmt0254
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO PROVIDE OPPORTUNITIES FOR AREA YOUTH WITH A FINANCIAL HARDSHIP TO ATTEND A TIMBERWOLVES OR LYNX BASKETBALL CAMP OR CLINIC.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt07500
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt07500
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MN
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt09979
IRS990EZ/TotalProgramServiceExpensesAmt07500
IRS990EZ/TotalRevenueAmt0250
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt05250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt081520
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt08570
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt050196
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0145786
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.36720
IRS990ScheduleA/PublicSupportPY170Pct00.52250
IRS990ScheduleA/PublicSupportTotal170Amt053530
IRS990ScheduleA/SubstantialContributorsTotAmt092256
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0250
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt081520
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt050196
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0145786
IRS990ScheduleA/TotalSupportAmt0145786
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: STATE OF MINNESOTA. AMOUNT: 75.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DEBBIE SAUNDERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07634438208
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE FLIP SAUNDERS LEGACY FUND
ReturnHeader/Filer/BusinessNameControlTxt0FLIP
ReturnHeader/Filer/EIN0475469026
ReturnHeader/Filer/PhoneNum07634438208
ReturnHeader/Filer/USAddress/AddressLine1Txt0935 LAKE STREET E NO 406
ReturnHeader/Filer/USAddress/CityNm0WAYZATA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055391
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390758449
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WIPFLI LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01502 LONDON ROAD SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DULUTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055812
ReturnHeader/PreparerPersonGrp/PhoneNum02187224705
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL J PETERSON CPA
ReturnHeader/ReturnTs02021-05-12T09:56:31-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DEBBIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SAUNDERS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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