Civic Intelligence

Thomsen Foundation Inc.

990PF • Fiscal year 2019 • EIN 59-2070983

Nov 01, 2018 to Oct 31, 2019 • Filed on Dec 02, 2019

Organization Profile
701 E Commercial Blvd 3rd FloorFort Lauderdale, FL 33334

(954) 776-6323

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

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

2019 filings • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

21st percentile

0.00x

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

2019 filings • $5M-$10M nonprofits • Source year 2019

Net Margin

5th percentile

-131%

Higher net margin than 5% of similar nonprofits.

2019 filings • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

30th percentile

$0

Higher top officer pay than 30% of similar nonprofits.

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

2019 filings • $5M-$10M nonprofits • Source year 2019

Asset Growth

30th percentile

-1.5%

Faster asset growth than 30% of similar nonprofits.

2019 filings • $5M-$10M nonprofits • Annualized from 2016 to 2019

Revenue Growth

35th percentile

-2.1%

Faster revenue growth than 35% of similar nonprofits.

2019 filings • $5M-$10M nonprofits • Annualized from 2016 to 2019

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Down

$5,912,025

Down $273,449 (-4.4%) from 2016

Net Assets

$5,912,025

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin5th percentile

Revenue

Down

$147,965

Down $9,510 (-6.0%) from 2016

Expenses

Up

$341,366

Up $308 (+0.1%) from 2016

Net Income

Down

-$193,401

Down $9,818 (-5.3%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$10M$5.0M$0Assets 2011: $6,890,140Liabilities 2011: $02011Assets 2012: $6,676,857Liabilities 2012: $02012Assets 2013: $6,562,813Liabilities 2013: $02013Assets 2014: $6,506,522Liabilities 2014: $02014Assets 2015: $6,369,057Liabilities 2015: $02015Assets 2016: $6,185,474Liabilities 2016: $02016Assets 2019: $5,912,025Liabilities 2019: $0Net Assets 2019: $5,912,0252019Assets 2020: $5,689,621Liabilities 2020: $0Net Assets 2020: $5,689,6212020Assets 2021: $5,670,098Liabilities 2021: $0Net Assets 2021: $5,670,0982021Assets 2022: $5,497,764Liabilities 2022: $0Net Assets 2022: $5,497,7642022Assets 2023: $5,279,458Liabilities 2023: $0Net Assets 2023: $5,279,4582023Assets 2024: $5,151,746Liabilities 2024: $1,410Net Assets 2024: $5,150,3362024Assets 2025: $8,927,532Liabilities 2025: $0Net Assets 2025: $8,927,5322025

Highlighted filing

2019

Assets$5,912,025
Liabilities$0
Net Assets$5,912,025
Open 2019 Filing

Operations Trend

Revenue Growth35th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $320,068Expenses 2011: $336,653Net Income 2011: -$16,5852011Revenue 2012: $152,351Expenses 2012: $365,634Net Income 2012: -$213,2832012Revenue 2013: $239,823Expenses 2013: $353,867Net Income 2013: -$114,0442013Revenue 2014: $290,407Expenses 2014: $346,698Net Income 2014: -$56,2912014Revenue 2015: $223,825Expenses 2015: $361,290Net Income 2015: -$137,4652015Revenue 2016: $157,475Expenses 2016: $341,058Net Income 2016: -$183,5832016Revenue 2019: $147,965Expenses 2019: $341,366Net Income 2019: -$193,4012019Revenue 2020: $112,368Expenses 2020: $334,772Net Income 2020: -$222,4042020Revenue 2021: $263,646Expenses 2021: $283,169Net Income 2021: -$19,5232021Revenue 2022: $156,131Expenses 2022: $328,465Net Income 2022: -$172,3342022Revenue 2023: $107,125Expenses 2023: $325,431Net Income 2023: -$218,3062023Revenue 2024: $168,135Expenses 2024: $297,257Net Income 2024: -$129,1222024Revenue 2025: $5,207,572Expenses 2025: $309,621Net Income 2025: $4,897,9512025

Highlighted filing

2019

Revenue$147,965
Expenses$341,366
Net Income-$193,401
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2018 to Oct 31, 2019
Signed
Dec 2, 2019
Return Version
2018v3.1
Compensation and Service Providers
Top Officer Pay30th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SUSAN DAVISPresident-$0--
VALERIE S ARMAGNOVP/Secretary-$0--
ROWENA DEENTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Thomsen Foundation Inc
EIN
59-2070983
Phone
9547766323
Address
701 E COMMERCIAL BLVD 3RD FLOOR, FORT LAUDERDALE, FL 33334

Signing Officer

Name
Susan Davis
Title
President
Phone
9547766323
Signed
2019-12-02
Discuss with paid preparer
Yes

Preparer

Firm
Lerro & Chandross Pllc
Address
1499 W PALMETTO PARK RD STE 107, BOCA RATON, FL 33486-3311
Preparer
Susan Davis
Phone
5619950064
Raw XML Appendix324 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/StatementsRegardingActy4720Grp/InfluenceLegislationInd0false
IRS990PF/StatementsRegardingActy4720Grp/JeopardyInvestmentsInd0false
IRS990PF/StatementsRegardingActy4720Grp/NoncharitablePurposeInd0false
IRS990PF/StatementsRegardingActy4720Grp/PayCompDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/PaymentToGovernmentOfficialInd0false
IRS990PF/StatementsRegardingActy4720Grp/PayPremiumsPrsnlBnftCntrctInd0false
IRS990PF/StatementsRegardingActy4720Grp/ProhibitedTaxShelterTransInd0false
IRS990PF/StatementsRegardingActy4720Grp/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990PF/StatementsRegardingActy4720Grp/SaleOrExchDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990PF/StatementsRegardingActy4720Grp/TransferAstDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPriorActsInd0false
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPYJeopardyInvstInd0false
IRS990PF/StatementsRegardingActy4720Grp/UndistributedIncomePYInd0false
IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd0false
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd0true
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd0false
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd0true
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd0false
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd0false
IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd0false
IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd0true
IRS990PF/StatementsRegardingActyGrp/IndividualWithBooksNm0LERRO AND CHANDROSS PLLC
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd0false
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt0701 E COMMERCIAL BLVD
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0FORT LAUDERDALE
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd0FL
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd0333343392
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd0false
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd0false
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd0false
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd0FL
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd0true
IRS990PF/StatementsRegardingActyGrp/PhoneNum09547764774
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd0false
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd0true
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd0false
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0N/A
IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt0THE ACTIVITIES OF THE FOUNDATION CONSIST LARGELY OF MAKING DONATIONS TO QUALIFIED CHARITABLE ORGANIZATIONS EACH YEAR. FOR THE YEAR ENDED OCTOBER 31, 2019, CONTRIBUTION WAS MADE TO ONE ORGANIZATION.
IRS990PF/SumOfProgramRelatedInvstGrp/Description1Txt0N/A
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt0300000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0TO BE USED FOR QUALIFIED PURPOSES
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt0MAYO FOUNDATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt0EXEMPT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt0200 FIRST STREET SW
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0ROCHESTER
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0MN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd055905
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt0300000
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd0false
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/AppliedToCurrentYearAmt033185
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt0278285
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt0292743
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0311470
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt0259558
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt0278285
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0EXPENSES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1INSURANCE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2DUES & SUBSCRIPTION
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc3ADR FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt0750
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt1750
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt0108
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt0750
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt1750
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt2108
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt023938
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0BROKER FEES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt023938
ReductionExplanationStatement/ShortExplanationTxt01. DESCRIPTION: AT THE BEGINNING OF THE YEAR, THE FOUNDATION OWNED 6,018 SHARES OF PIPP, INC. OVER THE COURSE OF THE CURRENT FISCAL YEAR, NO ADDITIONAL SHARES WERE CONTRIBUTED TO THE FOUNDATION. 2. PERCENTAGE OF TOTAL: THE FOUNDATION OWNED 70.74% OF THE ISSUED AND OUTSTANDING STOCK OF PIPP, INC. AT THE BEGINNING OF THE YEAR. AT THE END OF THE YEAR, THE FOUNDATION HAS THE SAME PERCENTAGE OF OWNERSHIP STOCK SINCE NO ADDITIONAL SHARES WERE CONTRIBUTED IN CURRENT FISCAL YEAR. 3. FAIR MARKET VALUE: THE AVERAGE MONTHLY FAIR MARKET VALUE OF THE PIPP INC. STOCK HELD BY THE FOUNDATION BEFORE DISCOUNT IS 3,749,600. 4. DISCOUNT CLAIMED: 15%. 5. REASON FOR DISCOUNT: PIPP, INC. IS A CLOSELY HELD CORPORATION WHOSE ASSETS CONSIST PRIMARILY OF INVESTMENTS AND REAL ESTATE. BECAUSE OF THE SMALL NATURE OF THE COMPANY, THERE IS NO AVAILABLE MARKET FOR DISPOSAL OF THE STOCK. CONSEQUENTLY, A SUBSTANTIAL DISCOUNT WOULD BE APPROPRIATE IN ORDER TO MAKE AN INTEREST IN SUCH AN INVESTMENT ATTRACTIVE. 15% IS CONSI
TaxesSchedule/TaxesDetail/Amt070
TaxesSchedule/TaxesDetail/Amt1393
TaxesSchedule/TaxesDetail/Amt25457
TaxesSchedule/TaxesDetail/CategoryTxt0FLORIDA ANNUAL REPORT
TaxesSchedule/TaxesDetail/CategoryTxt1FOREIGN TAXES
TaxesSchedule/TaxesDetail/CategoryTxt2FEDERAL EXCISE TAX
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt070
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt0393
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SUSAN DAVIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09547766323
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-12-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THOMSEN FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0THOM
ReturnHeader/Filer/EIN0592070983
ReturnHeader/Filer/PhoneNum09547766323
ReturnHeader/Filer/USAddress/AddressLine1Txt0701 E COMMERCIAL BLVD 3RD FLOOR
ReturnHeader/Filer/USAddress/CityNm0FORT LAUDERDALE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033334
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02F2961A74F1568EF40DEF6A947C34DD039153D57
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03B5AD0ABE19F4E64D2A3935B1543930FACAFD418
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.239.31.146
ReturnHeader/FilingSecurityInformation/IPDt02019-12-02
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm016:18:55
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0270855205
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LERRO & CHANDROSS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01499 W PALMETTO PARK RD STE 107
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOCA RATON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0334863311
ReturnHeader/PreparerPersonGrp/PhoneNum05619950064
ReturnHeader/PreparerPersonGrp/PreparationDt02019-12-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SUSAN DAVIS
ReturnHeader/ReturnTs02019-12-02T16:18:55-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02018-11-01
ReturnHeader/TaxPeriodEndDt02019-10-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,912,025
Liabilities
$0
Net assets
$5,912,025
Revenue
$147,965
Expenses
$341,366
Net income
-$193,401
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.93$0.00$8.93$5.21$0.31$4.90
2024Detailed filing. Detailed filing data is available for this year.$5.15$0.00$5.15$0.17$0.30$0.13
2023Detailed filing. Detailed filing data is available for this year.$5.28$0.00$5.28$0.11$0.33$0.22
2022Detailed filing. Detailed filing data is available for this year.$5.50$0.00$5.50$0.16$0.33$0.17
2021Detailed filing. Detailed filing data is available for this year.$5.67$0.00$5.67$0.26$0.28$0.02
2020Detailed filing. Detailed filing data is available for this year.$5.69$0.00$5.69$0.11$0.33$0.22
2019Detailed filing. Detailed filing data is available for this year.$5.91$0.00$5.91$0.15$0.34$0.19
2016Summary only. Only limited summary data is available for this year.$6.19$0.00$0.16$0.34$0.18
2015Summary only. Only limited summary data is available for this year.$6.37$0.00$0.22$0.36$0.14
2014Summary only. Only limited summary data is available for this year.$6.51$0.00$0.29$0.35$0.06
2013Summary only. Only limited summary data is available for this year.$6.56$0.00$0.24$0.35$0.11
2012Summary only. Only limited summary data is available for this year.$6.68$0.00$0.15$0.37$0.21
2011Summary only. Only limited summary data is available for this year.$6.89$0.00$0.32$0.34$0.02