Civic Intelligence

Tesfa Foundation

990EZ • Fiscal year 2018 • EIN 75-3168235

Jul 01, 2017 to Jun 30, 2018 • Filed on May 10, 2019

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 2018

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2018

Net Margin

58th percentile

6.6%

Higher net margin than 58% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

59th percentile

7.0%

Faster asset growth than 59% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

38th percentile

-6.5%

Faster revenue growth than 38% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$78,170

Up $5,109 (+7.0%) from 2017

Net Assets

Up

$78,170

Up $5,109 (+7.0%) from 2017

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$77,732

Down $5,360 (-6.5%) from 2017

Expenses

Up

$72,636

Up $54,462 (+300%) from 2017

Net Income

Down

$5,096

Down $59,822 (-92%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$78,170
Liabilities-
Net Assets$78,170

Operations Trend

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

2018

Revenue$77,732
Expenses$72,636
Net Income$5,096
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 10, 2019
Return Version
2017v2.2
Gross Receipts
$77,732
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.

The Tesfa Foundation strengthens families and communities in Ethiopia by building, supplying, and operating kindergartens and primary schools; by training teachers, and by providing opportunities for youth through sport for development.

Program Services

DescriptionGrantsExpenses
During fiscal Year 2017, the Tesfa Foundation took over direct ownership of three schools it had previously built and co-owned in partnership with another U.S. non-profit, Ethiopia Reads (ER). These three schools are located in Ethiopias southern region of Kembata-Tembaro, in the villages of Kololo, Azedebo and Fundame. These schools serve a combined student population of approximately 650. These schools were first open between 2011 and 2015. The Tesfa Foundation now has sole responsibility to fundraise for operations of the schools and to oversee school staff, as well as foundation staff in Ethiopia.The foundations Team Tesfa program is undergoing a change in goals and structure. Previously administered through an actual competitive team structure in Addis Ababa (2007-2017), the focus now will be supporting individual athletes in their athletic goals, while asking in return a commitment to community service. The program will start with modest goal of supporting three athletes during the coming academic / competitive year. The community service will be volunteering among disabled communities in Addis Ababa.$69,894$69,894
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dana RoskeyChair-$0--
Jeff GrierDirector-$0--
Julie CorbyDirector-$0--
Scott WolfTreasurer-$0--
Lizbeth MossSecretary-$0--
Jonathan MossDirector-$0--
Lacey YantisDirector-$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
2019-05-10
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: $69894

Other Expenses.1002

Office Expenses $301

Other Expenses.1005

Travel $628

Other Expenses.1

Bank charges and interest $913

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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: $69894
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $301
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Travel $628
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BANK CHARGES AND INTEREST $913
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Marc Colin
ReturnHeader/ReturnTs02019-05-10T08:42:21-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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