Civic Intelligence

Thomsen Foundation Inc.

990PF • Fiscal year 2020 • EIN 59-2070983

Nov 01, 2019 to Oct 31, 2020 • Filed on Dec 11, 2020

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

23rd percentile

0.00x

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

2020 filings • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

21st percentile

0.00x

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

2020 filings • $5M-$10M nonprofits • Source year 2020

Net Margin

4th percentile

-198%

Higher net margin than 4% of similar nonprofits.

2020 filings • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

31st percentile

$0

Higher top officer pay than 31% of similar nonprofits.

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

2020 filings • $5M-$10M nonprofits • Source year 2020

Asset Growth

18th percentile

-3.8%

Faster asset growth than 18% of similar nonprofits.

2020 filings • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

21st percentile

-24%

Faster revenue growth than 21% of similar nonprofits.

2020 filings • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Down

$5,689,621

Down $222,404 (-3.8%) from 2019

Net Assets

Down

$5,689,621

Down $222,404 (-3.8%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$112,368

Down $35,597 (-24%) from 2019

Expenses

Down

$334,772

Down $6,594 (-1.9%) from 2019

Net Income

Down

-$222,404

Down $29,003 (-15%) from 2019

Historical Trend

Balance Sheet Trend

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

2020

Assets$5,689,621
Liabilities$0
Net Assets$5,689,621

Operations Trend

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

2020

Revenue$112,368
Expenses$334,772
Net Income-$222,404
Jump To
Filing Snapshot
Filing Period
Nov 1, 2019 to Oct 31, 2020
Signed
Dec 11, 2020
Return Version
2019v5.1
Compensation and Service Providers

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
Valerie Armagno
Title
Vice President
Phone
9547766323
Signed
2020-12-11
Discuss with paid preparer
Yes

Preparer

Firm
Lerro & Chandross PLLC
Address
1499 W Palmetto Park Rd Ste 107, Boca Raton, FL 33486
Preparer
Susan Davis
Phone
5619950064
Raw XML Appendix366 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/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm0Susan Davis
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm1Valerie S Armagno
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm2Rowena Deen
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IRS990PF/QualifyingDistriPartXIIGrp/QualifyingDistributionsAmt0309235
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IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd01
IRS990PF/StatementsRegardingActyGrp/IndividualWithBooksNm0Lerro and Chandross PLLC
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd00
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt0701 E Commercial Blvd
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0Fort Lauderdale
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd0FL
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IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd01
IRS990PF/StatementsRegardingActyGrp/TaxReimbursedAmt00
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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, 2020, contribution was made to one organization.
IRS990PF/SummaryOfDirectChrtblActyGrp/Expenses1Amt00
IRS990PF/SumOfProgramRelatedInvstGrp/TotalAmt00
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt0300000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0To be used for qualified purposes
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt0Mayo Clinic Dept of Development
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt0Exempt
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt0None
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt0200 First Street SW
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IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt0259558
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IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearDeficiencyOrTaxAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0309235
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IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
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IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt0259558
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Insurance
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1Dues & Subscriptions
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2Bank fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt0750
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt1765
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt20
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt10
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt215
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt0750
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt1765
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt215
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt024403
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0Broker Fees
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt024403
ReductionExplanationStatement/ShortExplanationTxt01. Description: For the entire fiscal year, the Foundation owned 6,018 shares of Pipp, Inc.2. Percent 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 had 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 $3,388,924.4. Discount Claimed: 15%5. Reason for Discount: Pipp, Inc. is a closely held corporation whose assets consist 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 considered to be a reasonable discount for a mjority interest.
TaxesSchedule/TaxesDetail/Amt0222
TaxesSchedule/TaxesDetail/Amt1897
TaxesSchedule/TaxesDetail/CategoryTxt0Foreign Taxes
TaxesSchedule/TaxesDetail/CategoryTxt1Federal Excise Tax
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt00
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt10
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt0222
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt10
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Valerie Armagno
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President
ReturnHeader/BusinessOfficerGrp/PhoneNum09547766323
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-12-11
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/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId085BBFEA26D18290A12C2DF8743CF1E0753828633
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.239.31.146
ReturnHeader/FilingSecurityInformation/IPDt02020-12-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm010:14:55
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/ZIPCd033486
ReturnHeader/PreparerPersonGrp/PhoneNum05619950064
ReturnHeader/PreparerPersonGrp/PreparationDt02020-12-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Susan Davis
ReturnHeader/ReturnTs02020-12-11T10:20:33-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02019-11-01
ReturnHeader/TaxPeriodEndDt02020-10-31
ReturnHeader/TaxYr02019

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