Civic Intelligence

Thomsen Foundation Inc.

990PF • Fiscal year 2021 • EIN 59-2070983

Nov 01, 2020 to Oct 31, 2021 • Filed on Nov 29, 2021

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

24th percentile

0.00x

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

2021 filings • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

23rd percentile

0.00x

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

2021 filings • $5M-$10M nonprofits • Source year 2021

Net Margin

17th percentile

-7.4%

Higher net margin than 17% of similar nonprofits.

2021 filings • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

32nd percentile

$0

Higher top officer pay than 32% of similar nonprofits.

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

2021 filings • $5M-$10M nonprofits • Source year 2021

Asset Growth

23rd percentile

-0.3%

Faster asset growth than 23% of similar nonprofits.

2021 filings • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

86th percentile

135%

Faster revenue growth than 86% of similar nonprofits.

2021 filings • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets24th percentile

Assets

Down

$5,670,098

Down $19,523 (-0.3%) from 2020

Net Assets

Down

$5,670,098

Down $19,523 (-0.3%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin17th percentile

Revenue

Up

$263,646

Up $151,278 (+135%) from 2020

Expenses

Down

$283,169

Down $51,603 (-15%) from 2020

Net Income

Up

-$19,523

Up $202,881 (+91%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth23rd 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

2021

Assets$5,670,098
Liabilities$0
Net Assets$5,670,098
Open 2021 Filing

Operations Trend

Revenue Growth86th 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

2021

Revenue$263,646
Expenses$283,169
Net Income-$19,523
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2020 to Oct 31, 2021
Signed
Nov 29, 2021
Return Version
2020v4.1
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan DavisPresident-$0--
Valerie S ArmagnoVP/Secretary-$0--
Rowena DeenTreasurer-$0--
Grants and Assistance

Foundation Grants and Related Investments

TypeRecipientPurposeStatusLocationAmount
Paid GrantMayo Clinic Dept of DevelopmentTo be used for qualified purposesExemptRochester, MN, US$245,000
Paid GrantSurprise Lake CampTo be used for qualified purposesExemptNew York, NY, US$1,000
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
2021-11-29
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 Appendix354 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
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IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd00
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd01
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd00
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd00
IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd00
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
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd0333343392
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd00
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd00
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd00
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd0FL
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd01
IRS990PF/StatementsRegardingActyGrp/PhoneNum09547764774
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd00
IRS990PF/StatementsRegardingActyGrp/Section4955ManagersTaxAmt00
IRS990PF/StatementsRegardingActyGrp/Section4955OrganizationTaxAmt00
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd01
IRS990PF/StatementsRegardingActyGrp/TaxReimbursedAmt00
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd00
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, 2021, contribution was made to two organizations.
IRS990PF/SummaryOfDirectChrtblActyGrp/Expenses1Amt00
IRS990PF/SumOfProgramRelatedInvstGrp/TotalAmt00
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt0245000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt11000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0To be used for qualified purposes
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt1To be used for qualified purposes
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt0Mayo Clinic Dept of Development
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt1Surprise Lake Camp
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt0Exempt
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt1Exempt
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt0None
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt1None
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt0200 First Street SW
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt1520 8th Avenue
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0Rochester
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm1New York
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0MN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd1NY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd055905
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd110018
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriApprvFutAmt00
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt0246000
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd00
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt011090
IRS990PF/UndistributedIncomeGrp/AppliedToPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt0245210
IRS990PF/UndistributedIncomeGrp/CorpusDistri170b1EOr4942g3Amt00
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt0301827
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearDeficiencyOrTaxAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0256300
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt00
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt00
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt0290737
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt0245210
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Insurance
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1Dues & Subscriptions
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2Amortization
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc3Office expenses
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt0750
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt1780
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt20
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt370
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt10
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt2543
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt30
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt0750
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt1780
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt2543
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt370
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt022811
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0Broker Fees
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt022811
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 $3,447,843.4. 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/Amt0244
TaxesSchedule/TaxesDetail/Amt13271
TaxesSchedule/TaxesDetail/CategoryTxt0Foreign Taxes
TaxesSchedule/TaxesDetail/CategoryTxt1Federal Excise Tax
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt00
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt10
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt0244
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt13271
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Valerie Armagno
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President
ReturnHeader/BusinessOfficerGrp/PhoneNum09547766323
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-29
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/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/PreparationDt02021-11-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Susan Davis
ReturnHeader/ReturnTs02021-12-02T10:14:57-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Valerie
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Armagno
ReturnHeader/TaxPeriodBeginDt02020-11-01
ReturnHeader/TaxPeriodEndDt02021-10-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,670,098
Liabilities
$0
Net assets
$5,670,098
Revenue
$263,646
Expenses
$283,169
Net income
-$19,523
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