Civic Intelligence

Tesfa Foundation

990EZ • Fiscal year 2016 • EIN 75-3168235

Jul 01, 2015 to Jun 30, 2016 • Filed on May 11, 2017

Organization Profilewww.tesfa.org
2610 Garfield Avenue SouthMinneapolis, MN 55408

(612) 354-2184

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2016

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2016

Net Margin

1st percentile

-5254%

Higher net margin than 1% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

4th percentile

-82%

Faster asset growth than 4% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

6th percentile

-68%

Faster revenue growth than 6% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$8,143

Down $36,256 (-82%) from 2015

Net Assets

Down

$8,143

Down $36,256 (-82%) from 2015

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin1st percentile

Revenue

Down

$690

Down $1,442 (-68%) from 2015

Expenses

Down

$36,946

Down $21,364 (-37%) from 2015

Net Income

Up

-$36,256

Up $19,922 (+35%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$300K$200K$100K$0Assets 2011: $29,538Liabilities 2011: $02011Assets 2012: $107,133Liabilities 2012: $0Net Assets 2012: $107,1332012Assets 2013: $143,302Liabilities 2013: $0Net Assets 2013: $143,3022013Assets 2014: $100,577Net Assets 2014: $100,5772014Assets 2015: $44,399Net Assets 2015: $44,3992015Assets 2016: $8,143Net Assets 2016: $8,1432016Assets 2017: $73,061Net Assets 2017: $73,0612017Assets 2018: $78,170Net Assets 2018: $78,1702018Assets 2019: $43,554Liabilities 2019: $0Net Assets 2019: $43,5542019Assets 2020: $143,030Liabilities 2020: $0Net Assets 2020: $143,0302020Assets 2021: $131,586Liabilities 2021: $0Net Assets 2021: $131,5862021Assets 2022: $240,996Liabilities 2022: $0Net Assets 2022: $240,9962022Assets 2023: $120,493Liabilities 2023: $0Net Assets 2023: $120,4932023Assets 2024: $18,484Liabilities 2024: $0Net Assets 2024: $18,4842024

Highlighted filing

2016

Assets$8,143
Liabilities-
Net Assets$8,143
Open 2016 Filing

Operations Trend

Revenue Growth6th percentile

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

$300K$200K$100K$0-$100K-$200KRevenue 2011: $75,174Expenses 2011: $82,683Net Income 2011: -$7,5092011Revenue 2012: $152,624Expenses 2012: $75,029Net Income 2012: $77,5952012Revenue 2013: $98,855Expenses 2013: $62,768Net Income 2013: $36,0872013Revenue 2014: $8,455Expenses 2014: $51,180Net Income 2014: -$42,7252014Revenue 2015: $2,132Expenses 2015: $58,310Net Income 2015: -$56,1782015Revenue 2016: $690Expenses 2016: $36,946Net Income 2016: -$36,2562016Revenue 2017: $83,092Expenses 2017: $18,174Net Income 2017: $64,9182017Revenue 2018: $77,732Expenses 2018: $72,636Net Income 2018: $5,0962018Revenue 2019: $69,944Expenses 2019: $104,546Net Income 2019: -$34,6022019Revenue 2020: $211,547Expenses 2020: $112,071Net Income 2020: $99,4762020Revenue 2021: $103,606Expenses 2021: $115,050Net Income 2021: -$11,4442021Revenue 2022: $263,847Expenses 2022: $154,437Net Income 2022: $109,4102022Revenue 2023: $77,420Expenses 2023: $197,923Net Income 2023: -$120,5032023Revenue 2024: $87,977Expenses 2024: $189,986Net Income 2024: -$102,0092024

Highlighted filing

2016

Revenue$690
Expenses$36,946
Net Income-$36,256
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 11, 2017
Return Version
2015v3.0
Gross Receipts
$690
Mission and Program Overview

Mission

The Tesfa Foundation strengthens families and communities in Ethiopia by funding school construction, supporting education, and investing in sports for development.

Program Services

DescriptionGrantsExpenses
Fiscal Year 2014 saw two school openings in the villages of Azedebo and Fundame, villages not far from the city Durame, working in partnership with Ethiopia Reads. These facilities are kindergartens and early-grades libraries, built and staffed by ER to serve existing primary school communities. The kindergartens serve more than 200 children each. Team Tesfa is an athletics club with a difference. The runners on the team are encouraged to pursue athletic excellence, but they are also encouraged to pursue personal growth, particularly in the realm of education and vocational skills.Since 2007, Team Tesfa has provided education and opportunity to young athletes in Ethiopia. Team Tesfa is a track and field and cross country team officially registered with the Addis Ababa Athletics Federation, competing with other local and national clubs. Some 50-60 young athletes train or compete under the banner of Team Tesfa. What makes this club different is its commitment to a longer view. We hope to establish a standard of respect for the dignity of young athletes, and offering chances to build skills for the time after competition.Team Tesfa supports athletes with athletic gear, vocational skills, and mentorship. In this we partner with Tesfa-UK and Ethiopia Reads in the US. Tesfa implemented its second pilot of a project among athletes of Team Tesfa, a project called Women Athletes for Literacy and Learning, in which athletes were placed in school libraries to mentor children and be mentored by education professionals. It also piloted the first phase of a project called partners for Business Development, funded by Bond and Devick Financial Network in the Twin Cities, in which women athletes were trained in computers and in design and publishing software. Tesfa, in partnership with Tesfa-UK, also continues to support some of the first graduates from the first Tesfa Foundation kindergarten, called Tsegereda. These children are now in ninth and tenth grade. They receive support in tuition and school materials from Tesfa.$36,795$36,795
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dana RoskeyChair-$0--
Jeff GrierTreasurer-$0--
Julie CorbyDirector-$0--
Scott WolfDirector-$0--
Filing and Contact Details

Filer

Filer Name
TESFA Foundation
EIN
75-3168235
Phone
6123542184
Address
2610 GARFIELD AVENUE SOUTH, Minneapolis, MN 55408

Signing Officer

Name
Scott Wolf
Title
Treasurer
Signed
2017-05-11
Discuss with paid preparer
Yes

Preparer

Firm
Carpenter Evert & Associates
Address
7760 France Ave S 940, Bloomington, MN 55435
Preparer
Marc Colin
Phone
9528310085
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

“| Donee's Name: Ethiopia Reads | Donee's Address: 2611 1st AVENUE SOUTH Minneapolis MN 55408 | Cash Amount Given: $36795”

Other Expenses.1

“Bank charges and interest $151”

Raw XML Appendix150 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: Ethiopia Reads | Donee's Address: 2611 1st AVENUE SOUTH Minneapolis MN 55408 | Cash Amount Given: $36795
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BANK CHARGES AND INTEREST $151
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ReturnHeader/TaxPeriodBeginDt02015-07-01
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,143
Liabilities
-
Net assets
$8,143
Revenue
$690
Expenses
$36,946
Net income
-$36,256
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.88$1.90$1.02
2023Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$0.77$1.98$1.21
2022Detailed filing. Detailed filing data is available for this year.$2.41$0.00$2.41$2.64$1.54$1.09
2021Detailed filing. Detailed filing data is available for this year.$1.32$0.00$1.32$1.04$1.15$0.11
2020Detailed filing. Detailed filing data is available for this year.$1.43$0.00$1.43$2.12$1.12$0.99
2019Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$0.70$1.05$0.35
2018Detailed filing. Detailed filing data is available for this year.$0.78$0.78$0.78$0.73$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.73$0.73$0.83$0.18$0.65
2016Detailed filing. Detailed filing data is available for this year.$0.08$0.08$0.01$0.37$0.36
2015Detailed filing. Detailed filing data is available for this year.$0.44$0.44$0.02$0.58$0.56
2014Detailed filing. Detailed filing data is available for this year.$1.01$1.01$0.08$0.51$0.43
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.00$1.43$0.99$0.63$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.00$1.07$1.53$0.75$0.78
2011Summary only. Only limited summary data is available for this year.$0.30$0.00$0.75$0.83$0.08