Civic Intelligence

Spero

990EZ • Fiscal year 2020 • EIN 82-3016222

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

1114 E 38th STMinneapolis, MN 55407

(715) 579-8412

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.10x

Higher debt load relative to assets than 73% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

70th percentile

0.06x

Higher debt load relative to revenue than 70% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

70th percentile

21%

Higher net margin than 70% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

96th percentile

$39,688

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 27.8% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

87th percentile

88%

Faster asset growth than 87% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

58th percentile

-5.7%

Faster revenue growth than 58% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$80,013

Up $37,349 (+88%) from 2019

Net Assets

Up

$72,100

Up $29,526 (+69%) from 2019

Liabilities

Up

$7,913

Up $7,823 (+8692%) from 2019

Revenue

Down

$142,658

Down $8,619 (-5.7%) from 2019

Expenses

Down

$113,132

Down $21,723 (-16%) from 2019

Net Income

Up

$29,526

Up $13,104 (+80%) from 2019

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2018: $26,152Liabilities 2018: $0Net Assets 2018: $26,1522018Assets 2019: $42,664Liabilities 2019: $90Net Assets 2019: $42,5742019Assets 2020: $80,013Liabilities 2020: $7,913Net Assets 2020: $72,1002020Assets 2021: $69,440Liabilities 2021: $8,258Net Assets 2021: $61,1822021Assets 2022: $14,786Liabilities 2022: $58Net Assets 2022: $14,7282022Assets 2023: $15,565Liabilities 2023: $58Net Assets 2023: $15,5072023Assets 2024: $82,513Liabilities 2024: $58Net Assets 2024: $82,4552024

Highlighted filing

2020

Assets$80,013
Liabilities$7,913
Net Assets$72,100

Operations Trend

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

$200K$100K$0-$100KRevenue 2018: $71,343Expenses 2018: $45,291Net Income 2018: $26,0522018Revenue 2019: $151,277Expenses 2019: $134,855Net Income 2019: $16,4222019Revenue 2020: $142,658Expenses 2020: $113,132Net Income 2020: $29,5262020Revenue 2021: $128,457Expenses 2021: $139,375Net Income 2021: -$10,9182021Revenue 2022: $107,885Expenses 2022: $154,339Net Income 2022: -$46,4542022Revenue 2023: $152,624Expenses 2023: $151,845Net Income 2023: $7792023Revenue 2024: $192,471Expenses 2024: $125,523Net Income 2024: $66,9482024

Highlighted filing

2020

Revenue$142,658
Expenses$113,132
Net Income$29,526
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$163,780
Mission and Program Overview

Mission

Identify and empower communities fighting human trafficking internationally by funding and developing programming that addresses human trafficking's root issues.

Program Services

DescriptionGrantsExpenses
Conducted further research into the problem of human trafficking and it's root causes in high traffic areas of the globe. Identified additional partner organizations to work with to develop and fund anti-trafficking programming.$56,540$81,476
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jonah TraasethExecutive DirectorFT$39,688-$39,688
Sara ThompsonPresident Of The Board-$0--
Debbie RobbinsTreasurer-$0--
Peter TewaltSecretary-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Gala$23,280$15,100$4,882$10,218
Total Events$23,280$15,100$21,122$-6,022
Filing and Contact Details

Filer

Filer Name
Spero
EIN
82-3016222
Phone
7155798412
Address
1114 E 38th ST, Minneapolis, MN 55407

Signing Officer

Name
Jonah Traaseth
Title
Executive Director
Phone
7155798412
Signed
2021-11-15
Discuss with paid preparer
Yes

Preparer

Firm
TEAM Accounting and Tax LLC
Address
6223 Glen Circle, Lino Lakes, MN 55014
Preparer
Doug Will
Phone
6512336801
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10

To further its charitable mission, Spero provides grants to non-profit partners. In 2020, Spero issued grants as follows: Good Bureau $13,824, Valoare Plus $16,624, and Catalyst Foundation $26,092.

Form 990-EZ, Part I, Line 16

Description;Amount^Advertising and Marketing;2921|Bank and Payroll Fees;3379|Dues and Subscriptions;1100|Office Supplies and Software;1314|Travel;921|Meals and Entertainment;329^Total;9964^

Form 990-EZ, Part II, Line 24

Description;EOY Amount^Contributions Receivable;25647|Prepaid Expenses;304^Total;25951^

Form 990-EZ, Part II, Line 26

Description;EOY Amount^Accounts Payable;713|Paycheck Protection Program Loan Payable;7200^Total;7913^

Raw XML Appendix206 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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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Minneapolis
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Peter Tewalt
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Executive Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1President of the board
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Secretary
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
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IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt09964
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
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IRS990EZ/PrintingPublicationsPostageAmt092
IRS990EZ/ProgramServiceRevenueAmt0150
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Conducted further research into the problem of human trafficking and it's root causes in high traffic areas of the globe. Identified additional partner organizations to work with to develop and fund anti-trafficking programming.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ForeignGrantsInd0X
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt056540
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt081476
IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SaleOfAssetsGrossAmt00
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IRS990EZ/SpecialEventsNetIncomeLossAmt0-6022
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MN
IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt07913
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IRS990EZ/TaxImposedUnderIRC4911Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TotalRevenueAmt0142658
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.spero-nonprofit.org
IRS990ScheduleA/First5Years170Ind0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0152400
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt069921
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0386101
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0386101
IRS990ScheduleA/TotalSupportAmt0386204
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt011833
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IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt03595
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt03595
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt015100
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-6022
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IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04882
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04882
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0To further its charitable mission, Spero provides grants to non-profit partners. In 2020, Spero issued grants as follows: Good Bureau $13,824, Valoare Plus $16,624, and Catalyst Foundation $26,092.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;Amount^Advertising and Marketing;2921|Bank and Payroll Fees;3379|Dues and Subscriptions;1100|Office Supplies and Software;1314|Travel;921|Meals and Entertainment;329^Total;9964^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description;EOY Amount^Contributions Receivable;25647|Prepaid Expenses;304^Total;25951^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description;EOY Amount^Accounts Payable;713|Paycheck Protection Program Loan Payable;7200^Total;7913^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 26
ReasonableCauseExplanation/ExplanationTxt0The organization has filed an automatic six month extension.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Jonah Traaseth
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum07155798412
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPERO
ReturnHeader/Filer/BusinessNameControlTxt0SPER
ReturnHeader/Filer/EIN0823016222
ReturnHeader/Filer/PhoneNum07155798412
ReturnHeader/Filer/USAddress/AddressLine1Txt01114 E 38th ST
ReturnHeader/Filer/USAddress/CityNm0Minneapolis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055407
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0843909118
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TEAM Accounting and Tax LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06223 Glen Circle
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lino Lakes
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055014
ReturnHeader/PreparerPersonGrp/PhoneNum06512336801
ReturnHeader/PreparerPersonGrp/PreparationDt02021-10-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Doug Will
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-11-14T20:51:23-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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