Civic Intelligence

Spero Academy Foundation

990EZ • Fiscal year 2024 • EIN 84-3674164

Jul 01, 2023 to Jun 30, 2024 • Filed on Apr 24, 2024

2701 California Street NEMinneapolis, MN 55418

(612) 781-3615

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.03x

Higher debt load relative to assets than 72% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.06x

Higher debt load relative to revenue than 79% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

79th percentile

26%

Higher net margin than 79% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

74th percentile

22%

Faster asset growth than 74% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

75th percentile

29%

Faster revenue growth than 75% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$37,655

Up $6,899 (+22%) from 2023

Net Assets

Up

$36,380

Up $5,624 (+18%) from 2023

Liabilities

$1,275

No earlier filing loaded for comparison.

Revenue

Up

$21,247

Up $4,785 (+29%) from 2023

Expenses

Up

$15,623

Up $15,380 (+6329%) from 2023

Net Income

Down

$5,624

Down $10,595 (-65%) from 2023

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2023: $30,756Net Assets 2023: $30,7562023Assets 2024: $37,655Liabilities 2024: $1,275Net Assets 2024: $36,3802024Assets 2025: $82,128Net Assets 2025: $82,1282025

Highlighted filing

2024

Assets$37,655
Liabilities$1,275
Net Assets$36,380

Operations Trend

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

$80K$60K$40K$20K$0Revenue 2023: $16,462Expenses 2023: $243Net Income 2023: $16,2192023Revenue 2024: $21,247Expenses 2024: $15,623Net Income 2024: $5,6242024Revenue 2025: $75,533Expenses 2025: $31,060Net Income 2025: $44,4732025

Highlighted filing

2024

Revenue$21,247
Expenses$15,623
Net Income$5,624
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 24, 2024
Return Version
2023v6.0
Gross Receipts
$21,247
Mission and Program Overview

Mission

The corporation is organized exclusively for charitable, educational, and scientiic purposes to promote opportunities for public school students with special educationl needs. The focus of the foundation is to promote and support the activites of spero academy including, without limiation, creating and providing educational opportunities for spero pupils and thier family based on need.

Program Services

DescriptionGrantsExpenses
THE FOUNDATION RAISED DONATIONS TO PURCHASE FURNITURE AND ART SUPPLIES FOR THE SCHOOL AND SEND APPROXIMATELY 271, KINDERGARTEN THROUGH SIXTH GRADE, STUDENTS ON NINE FIELD TRIPS. THESE FIELD TRIPS INCLUDED TRIPS TO THE WORKS MUSEUM, PINEHAVEN FARM, THE MINNESOTA CHILDREN'S MUSEUM, BOWLERO, ELSIE'S BOWLING, THE SCIENCE MUSEUM OF MINNESOTA, SUSTAINABLE SAFARI, HYLAND HILLS SKI TRIP, AND THE MINNESOTA ZOO.-$12,241
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DONNA J PIAZZAPresident-$0--
DIANE PANGALSecretary-$0--
CHANDRA STONETreasurer-$0--
Filing and Contact Details

Filer

Filer Name
The Spero Academy Foundation
EIN
84-3674164
Phone
6127813615
Address
2701 CALIFORNIA STREET NE, MINNEAPOLIS, MN 55418

Signing Officer

Name
Donna J Piazza
Title
President
Phone
6127813615
Signed
2024-04-24
Discuss with paid preparer
Yes

Preparer

Firm
Emmerich & Mcknight LLC
Address
2437 COON RAPIDS BLVD NW, COON RAPIDS, MN 55433-4043
Preparer
Tracy Mcknight
Phone
7637800878
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses bank fees 77 misc. Expenses 378 school art supplies 436 student field trips 5,987 school furniture & equip 5,818 total 12,696

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 1,275

Form 990-ez, Part III

The corporation is organized exclusively for charitable, educational, and scientiic purposes to promote opportunities for public school students with special educationl needs. The focus of the foundation is to promote and support the activites of spero academy including, without limiation, creating and providing educational opportunities for spero pupils and thier family based on need.

Form 990-ez, Part III, Line 28

The foundation raised donations to purchase furniture and art supplies for the school and send approximately 271, kindergarten through sixth grade, students on nine field trips. These field trips included trips to the works museum, pinehaven farm, the minnesota children's museum, bowlero, elsie's bowling, the science museum of minnesota, sustainable safari, hyland hills ski trip, and the minnesota zoo.

Raw XML Appendix138 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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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0SPERO ACADEMY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES BANK FEES 77 MISC. EXPENSES 378 SCHOOL ART SUPPLIES 436 STUDENT FIELD TRIPS 5,987 SCHOOL FURNITURE & EQUIP 5,818 TOTAL 12,696
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 1,275
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIIC PURPOSES TO PROMOTE OPPORTUNITIES FOR PUBLIC SCHOOL STUDENTS WITH SPECIAL EDUCATIONL NEEDS. THE FOCUS OF THE FOUNDATION IS TO PROMOTE AND SUPPORT THE ACTIVITES OF SPERO ACADEMY INCLUDING, WITHOUT LIMIATION, CREATING AND PROVIDING EDUCATIONAL OPPORTUNITIES FOR SPERO PUPILS AND THIER FAMILY BASED ON NEED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION RAISED DONATIONS TO PURCHASE FURNITURE AND ART SUPPLIES FOR THE SCHOOL AND SEND APPROXIMATELY 271, KINDERGARTEN THROUGH SIXTH GRADE, STUDENTS ON NINE FIELD TRIPS. THESE FIELD TRIPS INCLUDED TRIPS TO THE WORKS MUSEUM, PINEHAVEN FARM, THE MINNESOTA CHILDREN'S MUSEUM, BOWLERO, ELSIE'S BOWLING, THE SCIENCE MUSEUM OF MINNESOTA, SUSTAINABLE SAFARI, HYLAND HILLS SKI TRIP, AND THE MINNESOTA ZOO.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DONNA J PIAZZA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06127813615
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE SPERO ACADEMY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SPER
ReturnHeader/Filer/EIN0843674164
ReturnHeader/Filer/PhoneNum06127813615
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EMMERICH & MCKNIGHT LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02437 COON RAPIDS BLVD NW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COON RAPIDS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0554334043
ReturnHeader/PreparerPersonGrp/PhoneNum07637800878
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TRACY MCKNIGHT
ReturnHeader/ReturnTs02025-05-14T13:29:40-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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Filings