Civic Intelligence

Torwon Financial & Social Club Inc

EIN 81-3061319 • 501(c)4 • Brooklyn Park, MN

Profile

Create financial security, a sense of community and stimulate economic growth and business development in the twin cities.

7343 Zenith Ave NBrooklyn Park, MN 55443

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2018

Liabilities / Revenue

61st percentile

0.00x

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

501(c)4 • <$500k nonprofits • Source year 2018

Net Margin

47th percentile

0.0%

Higher net margin than 47% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2018

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

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

501(c)4 • <$500k nonprofits • Source year 2018

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

88th percentile

48%

Faster revenue growth than 88% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $2,221 (-100%) from 2017

Liabilities

Down

$0

Down $2,221 (-100%) from 2017

Net Assets

Flat

$0

Flat from 2017

Operations
Liabilities / Revenue61st percentileNet Margin47th percentile

Revenue

Up

$327,942

Up $107,063 (+48%) from 2017

Expenses

Up

$327,942

Up $108,642 (+50%) from 2017

Net Income

Down

$0

Down $1,579 (-100%) from 2017

Trend Graphs

Balance Sheet Trend

Asset Growth9th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0K$4.0K$2.0K$0Assets 2015: $4,320Liabilities 2015: $0Net Assets 2015: $4,3202015Assets 2017: $2,221Liabilities 2017: $2,221Net Assets 2017: $02017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2018

Assets$0
Liabilities$0
Net Assets$0
Open 2018 Filing

Operations Trend

Revenue Growth88th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0Revenue 2015: $191,657Expenses 2015: $187,734Net Income 2015: $3,9232015Revenue 2017: $220,879Expenses 2017: $219,300Net Income 2017: $1,5792017Revenue 2018: $327,942Expenses 2018: $327,942Net Income 2018: $02018

Highlighted filing

2018

Revenue$327,942
Expenses$327,942
Net Income$0
Open 2018 Filing

Filings

Most recent year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$327,942
Expenses
$327,942
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$3.28$3.28$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.02$0.02$0.00$2.21$2.19$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$1.92$1.88$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 17, 2019
Return Version
2018v3.1
Gross Receipts
$327,942
Mission and Program Overview

Mission

Create financial security, a sense of community and stimulate economic growth and business development in the twin cities.

To create financial security a sense of community and stimulate economic growth and business development

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,579--
Intangible Assets$642--
Total Assets$2,221$0▼ $2,221
Liabilities
Accounts Payable and Accrued Expenses$2,221--
Total Liabilities$2,221$0▼ $2,221
Net Assets / Fund Balance
Unrestricted Net Assets$2,221--
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$2,221$0▼ $2,221
Compensation and Service Providers
Top Officer Pay89th percentile

Board Members and Trustees

NameTitle
Haggai NyenkanBoard Chair
James TawoPresident
Nellie KallonComptroller
Mark DomahLoan Manager
Abraham BlasinSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$327,905
Program Service Revenue
$0
Investment Income
$37
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,901
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$322,041--$322,041
Other Expenses---$842
Total Functional Expenses$322,041$0$0$327,942
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Line 11B

“Review was done at Board meeting”

Part VI Line 19

“No Documents were made public since its a private social club”

Filing and Contact Details

Filer

Filer Name
Torwon Financial & Social Club Inc
EIN
81-3061319
In Care Of
% Nellie J Kallon
Address
7343 Zenith Ave N, Brooklyn Park, MN 55443

Signing Officer

Name
Nellie J Kallon
Title
Comptroller
Phone
6124833489
Signed
2019-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Tawo
Legal Domicile
Mn
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
Leone Tax & Accounting Service
Address
1359 Eagle Bluff Cr, Hastings, MN 55033
Preparer
Singer C Macrae
Phone
6514383510
Raw XML Appendix266 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02221
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To create financial security a sense of community and stimulate economic growth and business development
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/ProgramServicesAmt0322041
IRS990/BenefitsToMembersGrp/TotalAmt0322041
IRS990/BooksInCareOfDetail/PersonNm0NELLIE J KALLON
IRS990/BooksInCareOfDetail/PhoneNum06124833489
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt06318 France Ave N
IRS990/BooksInCareOfDetail/USAddress/CityNm0Minneapolis
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055429
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01579
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt0322041
IRS990/CYContributionsGrantsAmt0327905
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt037
IRS990/CYOtherExpensesAmt05901
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt00
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0327942
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0327942
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0There are no program services since this is a social club.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FinalReturnInd0X
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0MARK DOMAH
IRS990/Form990PartVIISectionAGrp/PersonNm1JAMES TAWO
IRS990/Form990PartVIISectionAGrp/PersonNm2HAGGAI NYENKAN
IRS990/Form990PartVIISectionAGrp/PersonNm3NELLIE KALLON
IRS990/Form990PartVIISectionAGrp/PersonNm4ABRAHAM BLASIN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0Loan Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Comptroller
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0false
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt00
IRS990/GrantAmt01
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0327942
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/IntangibleAssetsGrp/BOYAmt0642
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt037
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt037
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt0327905
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Create financial security, a sense of community and stimulate economic growth and business development in the twin cities.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesEOYAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0Administrative Expenses
IRS990/OtherExpensesGrp/Desc1Social Expenses
IRS990/OtherExpensesGrp/Desc2Accounting Fees
IRS990/OtherExpensesGrp/Desc3Filing fees
IRS990/OtherExpensesGrp/TotalAmt0683
IRS990/OtherExpensesGrp/TotalAmt13976
IRS990/OtherExpensesGrp/TotalAmt2400
IRS990/OtherExpensesGrp/TotalAmt3842
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JAMES TAWO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0216191
IRS990/PYContributionsGrantsAmt0220842
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt037
IRS990/PYOtherExpensesAmt03109
IRS990/PYRevenuesLessExpensesAmt01579
IRS990/PYTotalExpensesAmt0219300
IRS990/PYTotalRevenueAmt0220879
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleN/AssetsDistributedInd0false
IRS990ScheduleN/AttorneyGeneralNotifiedInd0false
IRS990ScheduleN/BondLiabilitiesDischargedInd0false
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessor2Ind0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/EmployeeOfSuccessor2Ind0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0false
IRS990ScheduleN/OwnerOfSuccessor2Ind0false
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensation2Ind0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Review was done at Board meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No Documents were made public since its a private social club
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt02221
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt02221
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0327905
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0322041
IRS990/TotalFunctionalExpensesGrp/TotalAmt0327942
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02221
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt02221
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalProgramServiceExpensesAmt01
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt037
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0327942
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02221
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02221
IRS990/USAddress/AddressLine1Txt07343 Zenith Ave N
IRS990/USAddress/CityNm0Minneapolis
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055443
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NELLIE J KALLON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Comptroller
ReturnHeader/BusinessOfficerGrp/PhoneNum06124833489
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Torwon Financial & Social Club Inc
ReturnHeader/Filer/BusinessNameControlTxt0TORW
ReturnHeader/Filer/EIN0813061319
ReturnHeader/Filer/InCareOfNm0% Nellie J Kallon
ReturnHeader/Filer/USAddress/AddressLine1Txt07343 Zenith Ave N
ReturnHeader/Filer/USAddress/CityNm0Brooklyn Park
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055443
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E75CDD0D56616B2DB45EE53B787BBA0139FF0331
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0E75CDD0D56616B2DB45EE53B787BBA0139FF0331
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId041766320191376636560
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-05-17
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0174.53.194.110
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411987068
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Leone Tax & Accounting Service
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01359 Eagle Bluff Cr
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Hastings
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055033
ReturnHeader/PreparerPersonGrp/PhoneNum06514383510
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SINGER C MACRAE
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-05-17T23:22:00-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.