Civic Intelligence

Friends of Spero Academy II

EIN 85-1076978 • 501(c)3 • Minneapolis, MN

Profile

The organization's primary exempt purpose is to purchase, own, construct or lease a public schoolhouse on real estate for lease to spero academy, a mn public charter school.

2701 California Street NEMinneapolis, MN 55418

www.spero.academy

Siviq Scores

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

Liabilities / Assets

96th percentile

1.11x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

16.96x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

10th percentile

-26%

Higher net margin than 10% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

23rd percentile

-3.0%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

90th percentile

78%

Faster revenue growth than 90% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$24,553,603

Down $757,581 (-3.0%) from 2023

Liabilities

Down

$27,270,084

Down $346,437 (-1.3%) from 2023

Net Assets

Down

-$2,716,481

Down $411,144 (-18%) from 2023

Operations
Liabilities / Revenue98th percentileNet Margin10th percentile

Revenue

Up

$1,607,935

Up $707,110 (+78%) from 2023

Expenses

Up

$2,019,079

Up $265,999 (+15%) from 2023

Net Income

Up

-$411,144

Up $441,111 (+52%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth23rd percentile

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

$40M$30M$20M$10M$0-$10MAssets 2021: $561,445Liabilities 2021: $568,833Net Assets 2021: -$7,3882021Assets 2022: $31,950,836Liabilities 2022: $33,403,918Net Assets 2022: -$1,453,0822022Assets 2023: $25,311,184Liabilities 2023: $27,616,521Net Assets 2023: -$2,305,3372023Assets 2024: $24,553,603Liabilities 2024: $27,270,084Net Assets 2024: -$2,716,4812024

Highlighted filing

2024

Assets$24,553,603
Liabilities$27,270,084
Net Assets-$2,716,481
Open 2024 Filing

Operations Trend

Revenue Growth90th percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2021: $0Expenses 2021: $7,388Net Income 2021: -$7,3882021Revenue 2022: $2,998Expenses 2022: $1,448,692Net Income 2022: -$1,445,6942022Revenue 2023: $900,825Expenses 2023: $1,753,080Net Income 2023: -$852,2552023Revenue 2024: $1,607,935Expenses 2024: $2,019,079Net Income 2024: -$411,1442024

Highlighted filing

2024

Revenue$1,607,935
Expenses$2,019,079
Net Income-$411,144
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,553,603
Liabilities
$27,270,084
Net assets
-$2,716,481
Revenue
$1,607,935
Expenses
$2,019,079
Net income
-$411,144
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$24.6$27.3$2.72$1.61$2.02$0.41
2023Detailed filing. Detailed filing data is available for this year.$25.3$27.6$2.31$0.90$1.75$0.85
2022Detailed filing. Detailed filing data is available for this year.$32.0$33.4$1.45$0.00$1.45$1.45
2021Detailed filing. Detailed filing data is available for this year.$0.56$0.57$0.01$0.00$0.01$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 22, 2025
Return Version
2023v6.0
Gross Receipts
$1,607,935
Mission and Program Overview

Mission

The organization's primary exempt purpose is to purchase, own, construct or lease a public schoolhouse on real estate for lease to spero academy, a mn public charter school.

To purchase, own, construct or lease a public schoolhouse on real estate for lease to spero academy

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$21,748,392$21,125,962▼ $622,430
Savings and Temporary Cash Investments$3,562,792$3,427,641▼ $135,151
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-2,305,337$-2,716,481▼ $411,144
Total Assets$25,311,184$24,553,603▼ $757,581
Liabilities
Tax Exempt Bond Liabilities$27,250,000$27,250,000→ $0
Accounts Payable and Accrued Expenses$323,609--
Other Liabilities$42,912$20,084▼ $22,828
Total Liabilities$27,616,521$27,270,084▼ $346,437
Net Assets / Fund Balance
Total Net Assets Fund Balance$-2,305,337$-2,716,481▼ $411,144
Total Liabilities and Net Assets / Fund Balance$25,311,184$24,553,603▼ $757,581

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,440,712$870,480$20,311,192
Land$1,300,000-$1,300,000
Equipment$385,250$50,453$435,703
Compensation and Service Providers
Top Officer Pay15th percentile

Board Members and Trustees

NameTitle
Tony FarahChair
Kirk WahlstromSecretary
Chandra StoneTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
RochonGeneral Contractor28 2ND ST NW STE 200, Osseo, MN 55369$163,484
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,467,654
Investment Income
$140,281
Other Revenue
$0
Change in Net Assets
$-411,144
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,019,079
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
Interest$1,374,750--$1,374,750
Depreciation Depletion$622,429--$622,429
Other Expenses$7,841--$7,841
Fees for Services Accounting$6,200--$6,200
Fees for Services Other$5,026--$5,026
Fees for Services Legal$2,833--$2,833
Total Functional Expenses$2,019,079$0$0$2,019,079
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Spero Academy$20,084

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Independence Minnesota2021-09-16$26,025,000NEW BUILDING

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$25,569,563--$60,063

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The sole member of the organization is spero academy.”

Form 990, Part VI, Section A, Line 7A

“The sole member has the power to remove or appoint directors of the organization.”

Form 990, Part VI, Section A, Line 7B

“The articles of incorporation shall not be amended without the written consent of the sole member. Subject to the right of the sole member to adopt, amend and repeal the bylaws as set forth in minnesota statutes, section 317a.181, subd. 2(b), the power to adopt, amend or repeal the bylaws is vested in the board of directors.”

Form 990, Part VI, Section B, Line 11B

“The spero academy finance committee reviews the form 990, while in preparation, and then presents the public disclosure form 990 to the board of directors for review and approval, prior to submission.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Friends of Spero Academy Ii
EIN
85-1076978
Phone
6124658600
Address
2701 CALIFORNIA STREET NE, MINNEAPOLIS, MN 55418

Signing Officer

Name
Tony Farah
Title
Board Chair
Phone
6124658600
Signed
2025-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tony Farah
Formed
2020
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Creative Planning Tax LLC
Address
12100 MEREDITH DR SUITE 200, URBANDALE, IA 50323
Preparer
Michelle Hekel CPA
Phone
5157275700
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The school is exempt from income taxes under section 501(c)3 of the internal revenue code. The school also qualifies as a tax-exempt organization under applicable statutes of the state of minnesota. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of june 30, 2024, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The school files informational returns in the u.s. Federal jurisdiction, and in the minnesota state jurisdiction. U.s. Federal returns and minnesota returns for the prior three fiscal years are closed. No returns are currently under examination in any tax jurisdiction.”

Raw XML AppendixShowing 400 of 428 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SPERO ACADEMY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE. THE SCHOOL ALSO QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER APPLICABLE STATUTES OF THE STATE OF MINNESOTA. MANAGEMENT BELIEVES THAT IT IS NOT REASONABLY POSSIBLE FOR ANY TAX POSITION BENEFITS TO INCREASE OR DECREASE SIGNIFICANTLY OVER THE NEXT 12 MONTHS. AS OF JUNE 30, 2024, THERE WERE NO INCOME TAX RELATED ACCRUED INTEREST OR PENALTIES RECOGNIZED IN EITHER THE STATEMENT OF FINANCIAL POSITION OR THE STATEMENT OF ACTIVITIES. THE SCHOOL FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND IN THE MINNESOTA STATE JURISDICTION. U.S. FEDERAL RETURNS AND MINNESOTA RETURNS FOR THE PRIOR THREE FISCAL YEARS ARE CLOSED. NO RETURNS ARE CURRENTLY UNDER EXAMINATION IN ANY TAX JURISDICTION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt021125962
IRS990ScheduleD/TotalLiabilityAmt020084
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0ISSUER NAME: CITY OF INDEPENDENCE, MINNESOTA DATE THE REBATE COMPUTATION WAS PERFORMED: 07/02/2024
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt1THE DIFFERENCE IS CAUSED BY THE UNDERWRITER'S DISCOUNT.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0DATE REBATE COMPUTATION PERFORMED
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc1PAR I COLUMN (C) VS. PART II LINE 3 -
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02021-09-16
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0410958873
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum045362RAG2
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt026025000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0CITY OF INDEPENDENCE MINNESOTA
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0NEW BUILDING
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt022177459
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt01681006
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt01651036
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt060063
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt025569563
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SOLE MEMBER OF THE ORGANIZATION IS SPERO ACADEMY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SOLE MEMBER HAS THE POWER TO REMOVE OR APPOINT DIRECTORS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ARTICLES OF INCORPORATION SHALL NOT BE AMENDED WITHOUT THE WRITTEN CONSENT OF THE SOLE MEMBER. SUBJECT TO THE RIGHT OF THE SOLE MEMBER TO ADOPT, AMEND AND REPEAL THE BYLAWS AS SET FORTH IN MINNESOTA STATUTES, SECTION 317A.181, SUBD. 2(B), THE POWER TO ADOPT, AMEND OR REPEAL THE BYLAWS IS VESTED IN THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SPERO ACADEMY FINANCE COMMITTEE REVIEWS THE FORM 990, WHILE IN PREPARATION, AND THEN PRESENTS THE PUBLIC DISCLOSURE FORM 990 TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL, PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd11
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0SPERO ACADEMY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SPERO ACADEMY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1FRIENDS OF SPERO ACADEMY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0200309518
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1815382949
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1LEASE BUILDING TO SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 12A, I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02701 CALIFORNIA ST NE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt12701 CALIFORNIA ST NE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MINNEAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1MINNEAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055418
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd155418
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt027250000
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt027250000
IRS990/TaxExemptBondsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt025311184
IRS990/TotalAssetsEOYAmt024553603
IRS990/TotalAssetsGrp/BOYAmt025311184
IRS990/TotalAssetsGrp/EOYAmt024553603
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02019079
IRS990/TotalFunctionalExpensesGrp/TotalAmt02019079
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt027616521
IRS990/TotalLiabilitiesEOYAmt027270084
IRS990/TotalLiabilitiesGrp/BOYAmt027616521
IRS990/TotalLiabilitiesGrp/EOYAmt027270084
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2305337
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2716481
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02019079
IRS990/TotalProgramServiceRevenueAmt01467654
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0140281
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01467654
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01607935
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt025311184
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt024553603
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02701 CALIFORNIA STREET NE
IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055418
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.SPERO.ACADEMY
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z

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