Civic Intelligence

Edward & Hannah Gustafson Foundation

990PF • Fiscal year 2020 • EIN 86-1052101

Jan 01, 2020 to Dec 31, 2020 • Filed on May 11, 2021

Organization Profile
14932 Backdahl RoadCrosslake, MN 56442

(763) 442-4865

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2020 filings • <$500k nonprofits • Source year 2020

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2020

Net Margin

99th percentile

119%

Higher net margin than 99% of similar nonprofits.

2020 filings • <$500k nonprofits • Source year 2020

Top Officer Pay

84th percentile

$9,453

Higher top officer pay than 84% of similar nonprofits.

2020 filings • <$500k nonprofits • Source year 2020

Asset Growth

12th percentile

-35%

Faster asset growth than 12% of similar nonprofits.

2020 filings • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$309,534

Down $163,095 (-35%) from 2019

Net Assets

Down

$309,534

Down $163,095 (-35%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin99th percentile

Revenue

Down

-$136,536

Down $162,140 (-633%) from 2019

Expenses

Up

$26,559

Up $5,481 (+26%) from 2019

Net Income

Down

-$163,095

Down $167,621 (-3704%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$800K$600K$400K$200K$0Assets 2011: $621,508Liabilities 2011: $63,2082011Assets 2012: $578,374Liabilities 2012: $37,0422012Assets 2013: $567,947Liabilities 2013: $15,3002013Assets 2014: $570,708Liabilities 2014: $300Net Assets 2014: $570,4082014Assets 2015: $464,282Liabilities 2015: $0Net Assets 2015: $464,2822015Assets 2016: $459,803Liabilities 2016: $0Net Assets 2016: $459,8032016Assets 2017: $471,294Liabilities 2017: $0Net Assets 2017: $471,2942017Assets 2018: $468,103Liabilities 2018: $0Net Assets 2018: $468,1032018Assets 2019: $472,629Liabilities 2019: $0Net Assets 2019: $472,6292019Assets 2020: $309,534Liabilities 2020: $0Net Assets 2020: $309,5342020Assets 2021: $387,894Liabilities 2021: $0Net Assets 2021: $387,8942021Assets 2022: $252,861Liabilities 2022: $0Net Assets 2022: $252,8612022Assets 2023: $251,251Liabilities 2023: $0Net Assets 2023: $288,8482023Assets 2024: $279,264Liabilities 2024: $0Net Assets 2024: $279,2642024

Highlighted filing

2020

Assets$309,534
Liabilities$0
Net Assets$309,534
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$200K$100K$0-$100K-$200KRevenue 2011: $54,041Expenses 2011: $60,425Net Income 2011: -$6,3842011Revenue 2012: $54,177Expenses 2012: $71,145Net Income 2012: -$16,9682012Revenue 2013: $89,022Expenses 2013: $77,707Net Income 2013: $11,3152013Revenue 2014: $80,442Expenses 2014: $62,681Net Income 2014: $17,7612014Revenue 2015: -$51,674Expenses 2015: $54,452Net Income 2015: -$106,1262015Revenue 2016: $32,058Expenses 2016: $36,537Net Income 2016: -$4,4792016Revenue 2017: $37,862Expenses 2017: $26,371Net Income 2017: $11,4912017Revenue 2018: $21,315Expenses 2018: $24,506Net Income 2018: -$3,1912018Revenue 2019: $25,604Expenses 2019: $21,078Net Income 2019: $4,5262019Revenue 2020: -$136,536Expenses 2020: $26,559Net Income 2020: -$163,0952020Revenue 2021: $101,078Expenses 2021: $22,718Net Income 2021: $78,3602021Revenue 2022: -$44,568Expenses 2022: $24,796Net Income 2022: -$69,3642022Revenue 2023: $52,956Expenses 2023: $17,235Net Income 2023: $35,7212023Revenue 2024: $15,016Expenses 2024: $19,379Net Income 2024: -$4,3632024

Highlighted filing

2020

Revenue-$136,536
Expenses$26,559
Net Income-$163,095
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 11, 2021
Return Version
2020v4.0
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MIKE FOSCHIPresident-$9,453-$9,453
CLAUDIA FOSCHIDirector-$0--
CINDY REDMANNDirector-$0--
Filing and Contact Details

Filer

Filer Name
Edward & Hannah Gustafson
EIN
86-1052101
Phone
7634424865
Address
14932 BACKDAHL ROAD, CROSSLAKE, MN 56442

Signing Officer

Name
Mike Foschi
Title
President
Phone
7634424865
Signed
2021-05-11
Discuss with paid preparer
Yes

Preparer

Firm
Lethert Skwira Schultz & Co Llp
Address
170 7TH PL E STE 100, SAINT PAUL, MN 55101-2361
Preparer
Kenneth J Kalina CPA
Phone
6512245721
Raw XML Appendix292 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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GainLossSaleOtherAssetsSch/GainLossSaleOtherAssetGrp/AssetDesc0FIDELITY INVESTMENT ACCOUNT
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IRS990PF/AnalysisOfRevenueAndExpenses/NetRentalIncomeOrLossAmt0-2006
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IRS990PF/ChgInNetAssetsFundBalancesGrp/SubtotalAmt0309534
IRS990PF/ChgInNetAssetsFundBalancesGrp/TotNetAstOrFundBalancesBOYAmt0472629
IRS990PF/ChgInNetAssetsFundBalancesGrp/TotNetAstOrFundBalancesEOYAmt0309534
IRS990PF/DistributableAmountGrp/DistributableAsAdjustedAmt014341
IRS990PF/DistributableAmountGrp/DistributableBeforeAdjAmt014341
IRS990PF/DistributableAmountGrp/DistributableBeforeDedAmt014341
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IRS990PF/MethodOfAccountingCashInd0X
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IRS990PF/MinimumInvestmentReturnGrp/AverageMonthlyCashBalancesAmt083135
IRS990PF/MinimumInvestmentReturnGrp/AverageMonthlyFMVOfSecAmt0210334
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ExpenseAccountOtherAllwncAmt10
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm0MIKE FOSCHI
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm1CLAUDIA FOSCHI
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm2CINDY REDMANN
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt1DIRECTOR
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt2DIRECTOR
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt014932 BACKDAHL RD
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt114932 BACKDAHL RD
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt213553 ORCHID ST NW
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm0CROSSLAKE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm1CROSSLAKE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm2ANDOVER
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd0MN
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd1MN
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd2MN
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd156442
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IRS990PF/Organization501c3ExemptPFInd0X
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IRS990PF/QualifyingDistriPartXIIGrp/ExpensesAndContributionsAmt015100
IRS990PF/QualifyingDistriPartXIIGrp/QualifyingDistributionsAmt015100
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IRS990PF/StatementsRegardingActy4720Grp/BusinessHoldingsInd0false
IRS990PF/StatementsRegardingActy4720Grp/FurnGoodsDisqualifiedPrsnInd0false
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IRS990PF/StatementsRegardingActy4720Grp/GrantsToOrganizationsInd0false
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IRS990PF/StatementsRegardingActy4720Grp/UndistributedIncomePYInd0false
IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd0false
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd0true
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd0false
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd0true
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd0false
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd0false
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IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd0true
IRS990PF/StatementsRegardingActyGrp/IndividualWithBooksNm0MICHAEL FOSCHI
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd0false
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IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0CROSSLAKE
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd0MN
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd056442
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IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd0false
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IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd0MN
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd0false
IRS990PF/StatementsRegardingActyGrp/PhoneNum07634424865
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IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd0true
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd0false
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0NONE
IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt0FOUNDATION PARTNERED WITH ANOKA COUNTY TO USE ITS RESOURCES TO REHAB VACANT HOMES FOR THE COUNTY TO GET THEM PREPARED FOR RE-SALE TO A QUALIFIED INDIVIDUAL AS DEEMED BY ANOKA COUNTY.
IRS990PF/SummaryOfDirectChrtblActyGrp/Description2Txt0USE THE INVESTMENT PROCEEDS TO GIVE TO QUALIFIED CHARITIES DONATIONS FROM TWO INCOME PRODUCING PROPERTIES MAINTAINED AFTER BEING DONATED TO OR PURCHASED BY THE FOUNDATION. THE FOUNDATION IS COMMITTED TO AFFORDABLE HOUSING.
IRS990PF/SumOfProgramRelatedInvstGrp/Description1Txt0N/A
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/FormAndInfoAndMaterialsTxt0APPLICATION SHOULD INCLUDE MISSION STATEMENT, NEED FOR FUNDS AND PLANNED USE.
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPersonNm0MICHAEL FOSCHI
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPhoneNum07634424865
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/AddressLine1Txt014932 BACKDAHL ROAD
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IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/ZIPCd056442
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RestrictionsOnAwardsTxt0AWARDS WILL BE LIMITED TO NEED AND FUNDS AVAILABLE BY FOUNDATION AT DISCRETION OF THE BOARD.
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/SubmissionDeadlinesTxt0THERE IS NO DEADLINE.
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt27000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0CHARITABLE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt1CHARITABLE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt2CHARITABLE
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt1SALVATION ARMY
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine2Txt0EAGLE'S NEST MINISTRIES
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine2Txt1SALVATION ARMY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine2Txt2AMERICARES
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt0PAID
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt2AID
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt2N/A
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt0PO BOX 445
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt12445 PRIOR AVE N
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IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt014341
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt015100
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt014341
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt015100
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OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt038865
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt038865
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OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt2182
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OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1BANK FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2COMPUTER
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc3MEALS
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OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc5PROPERTY TAXES
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE FOSCHI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07634424865
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EDWARD & HANNAH GUSTAFSON
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0EDWA
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ReturnHeader/Filer/PhoneNum07634424865
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410738189
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ReturnHeader/PreparerPersonGrp/PhoneNum06512245721
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KENNETH J KALINA CPA
ReturnHeader/ReturnTs02021-05-14T16:30:13-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MIKE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FOSCHI
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$309,534
Liabilities
$0
Net assets
$309,534
Revenue
-$136,536
Expenses
$26,559
Net income
-$163,095
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.79$0.00$2.79$0.15$0.19$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.51$0.00$2.89$0.53$0.17$0.36
2022Detailed filing. Detailed filing data is available for this year.$2.53$0.00$2.53$0.45$0.25$0.69
2021Detailed filing. Detailed filing data is available for this year.$3.88$0.00$3.88$1.01$0.23$0.78
2020Detailed filing. Detailed filing data is available for this year.$3.10$0.00$3.10$1.37$0.27$1.63
2019Detailed filing. Detailed filing data is available for this year.$4.73$0.00$4.73$0.26$0.21$0.05
2018Detailed filing. Detailed filing data is available for this year.$4.68$0.00$4.68$0.21$0.25$0.03
2017Detailed filing. Detailed filing data is available for this year.$4.71$0.00$4.71$0.38$0.26$0.11
2016Detailed filing. Detailed filing data is available for this year.$4.60$0.00$4.60$0.32$0.37$0.04
2015Detailed filing. Detailed filing data is available for this year.$4.64$0.00$4.64$0.52$0.54$1.06
2014Detailed filing. Detailed filing data is available for this year.$5.71$0.00$5.70$0.80$0.63$0.18
2013Summary only. Only limited summary data is available for this year.$5.68$0.15$0.89$0.78$0.11
2012Summary only. Only limited summary data is available for this year.$5.78$0.37$0.54$0.71$0.17
2011Summary only. Only limited summary data is available for this year.$6.22$0.63$0.54$0.60$0.06