Civic Intelligence

Thomsen Foundation Inc.

990PF • Fiscal year 2023 • EIN 59-2070983

Nov 01, 2022 to Oct 31, 2023 • Filed on Dec 04, 2023

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.

2023 filings • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

21st percentile

0.00x

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

2023 filings • $5M-$10M nonprofits • Source year 2023

Net Margin

4th percentile

-204%

Higher net margin than 4% of similar nonprofits.

2023 filings • $5M-$10M nonprofits • Source year 2023

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.

2023 filings • $5M-$10M nonprofits • Source year 2023

Asset Growth

20th percentile

-4.0%

Faster asset growth than 20% of similar nonprofits.

2023 filings • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

15th percentile

-31%

Faster revenue growth than 15% of similar nonprofits.

2023 filings • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets24th percentile

Assets

Down

$5,279,458

Down $218,306 (-4.0%) from 2022

Net Assets

Down

$5,279,458

Down $218,306 (-4.0%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin4th percentile

Revenue

Down

$107,125

Down $49,006 (-31%) from 2022

Expenses

Down

$325,431

Down $3,034 (-0.9%) from 2022

Net Income

Down

-$218,306

Down $45,972 (-27%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth20th 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

2023

Assets$5,279,458
Liabilities$0
Net Assets$5,279,458
Open 2023 Filing

Operations Trend

Revenue Growth15th 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

2023

Revenue$107,125
Expenses$325,431
Net Income-$218,306
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2022 to Oct 31, 2023
Signed
Dec 4, 2023
Return Version
2022v5.0
Compensation and Service Providers
Top Officer Pay32nd 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
Valerie Armagno
Title
President
Phone
9547766323
Signed
2023-12-04
Discuss with paid preparer
Yes

Preparer

Firm
LerroSarbey PLLC
Address
1499 W Palmetto Park Rd Ste 107, Boca Raton, FL 33486
Preparer
Victor Lerro
Phone
5619950064
Raw XML Appendix352 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
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IRS990PF/StatementsRegardingActy4720Grp/TransferAstDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPriorActsInd00
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPYJeopardyInvstInd00
IRS990PF/StatementsRegardingActy4720Grp/UndistributedIncomePYInd00
IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd00
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd01
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, 2023, contribution was made to one organization.
IRS990PF/SummaryOfDirectChrtblActyGrp/Expenses1Amt0292000
IRS990PF/SumOfProgramRelatedInvstGrp/TotalAmt00
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt0292000
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
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0Rochester
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0MN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd055905
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriApprvFutAmt00
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt0292000
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/AppliedToCurrentYearAmt013169
IRS990PF/UndistributedIncomeGrp/AppliedToPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt0291293
IRS990PF/UndistributedIncomeGrp/CorpusDistri170b1EOr4942g3Amt00
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt0279146
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearDeficiencyOrTaxAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0304462
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt00
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt00
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt0265977
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt0291293
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Insurance
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1Dues & Subscriptions
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2Amortization
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc3Office expenses
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt0765
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt170
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt20
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt327
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt10
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt2523
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt30
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt0765
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt170
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt2523
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt327
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt018978
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0Broker Fees
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt018978
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 $3,692,083.4. 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/Amt0227
TaxesSchedule/TaxesDetail/Amt11241
TaxesSchedule/TaxesDetail/CategoryTxt0Foreign Taxes
TaxesSchedule/TaxesDetail/CategoryTxt1Federal Excise Tax
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt00
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt10
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt0227
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt10
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Valerie Armagno
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum09547766323
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-12-04
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/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0270855205
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LerroSarbey 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/PreparationDt02023-12-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Victor Lerro
ReturnHeader/ReturnTs02023-12-05T11:19:04-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Valerie
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Armagno
ReturnHeader/TaxPeriodBeginDt02022-11-01
ReturnHeader/TaxPeriodEndDt02023-10-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,279,458
Liabilities
$0
Net assets
$5,279,458
Revenue
$107,125
Expenses
$325,431
Net income
-$218,306
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