Civic Intelligence

Calor Foundation

990 • Fiscal year 2023 • EIN 93-3339570

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 13, 2024

Organization Profile
PO Box 270306Saint Paul, MN 55127

(651) 492-6700

Siviq Scores

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

Liabilities / Assets

94th percentile

1.00x

Higher debt load relative to assets than 94% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

57th percentile

0.32x

Higher debt load relative to revenue than 57% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

13th percentile

-21%

Higher net margin than 13% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Balance Sheet
Liabilities / Assets94th percentile

Assets

$3,898,083

No earlier filing loaded for comparison.

Net Assets

$0

No earlier filing loaded for comparison.

Liabilities

$3,898,083

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin13th percentile

Revenue

$12,015,857

No earlier filing loaded for comparison.

Expenses

$14,546,888

No earlier filing loaded for comparison.

Net Income

-$2,531,031

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2023: $3,898,083Liabilities 2023: $3,898,083Net Assets 2023: $02023Assets 2024: $8,881,204Liabilities 2024: $8,918,283Net Assets 2024: -$37,0792024Assets 2025: $16,675,537Liabilities 2025: $16,517,290Net Assets 2025: $158,2472025

Highlighted filing

2023

Assets$3,898,083
Liabilities$3,898,083
Net Assets$0
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$15M$10M$5.0M$0-$5.0MRevenue 2023: $12,015,857Expenses 2023: $14,546,888Net Income 2023: -$2,531,0312023Revenue 2024: $16,533Expenses 2024: $53,612Net Income 2024: -$37,0792024Revenue 2025: $112,339Expenses 2025: $125,174Net Income 2025: -$12,8352025

Highlighted filing

2023

Revenue$12,015,857
Expenses$14,546,888
Net Income-$2,531,031
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 13, 2024
Return Version
2023v5.1
Gross Receipts
$12,015,857
Mission and Program Overview

Mission

Mitigate and educate contributors on contributors on climate change by building, owning, operating, and maintaining renewable energy facilities based on contributors.

Mitigate and educate contributors on climate change by building, owning, operating, and maintaining renewable energy facilities based on contributors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related-$2,027,114-
Accounts Receivable-$23,875-
Cash and Non-Interest-Bearing Accounts-$462-
Total Assets$0$3,898,083▲ $3,898,083
Other Assets Total-$1,846,632-
Liabilities
Other Liabilities-$3,739,837-
Accounts Payable and Accrued Expenses-$158,246-
Total Liabilities$0$3,898,083▲ $3,898,083
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$0$3,898,083▲ $3,898,083

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$-10,949,267--
Other Land Buildings-$125,832-
Other Assets Org$4,000--
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
William SheehanDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$4,857
Program Service Revenue
$12,011,000
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-2,531,031
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,546,888
Total Fundraising Expense$77,417
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$14,457,806--$14,457,806
Fees for Services Other$11,465-$77,417$88,882
Office Expenses$200--$200
Total Functional Expenses$14,469,471$0$77,417$14,546,888
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 Nae Sibley$2,698,323
Accrued Expenses$1,595,640
Sba Loan Nae$1,318,600
Due to Sibley Hills$183,176
Loan Sba Nae Sibley$131,800
Accrued Consulting$57,218
Federal income taxes$10,000
Total Equity-
Due to Nae$-610,198
Loans Sibley Hills$-1,644,722
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11

“The governing body of calor foundation convened the last week of the last month of the year to review the form 990 for the fiscal year ending 12/31/23. This statement details the boards review process and findings. Review process the board received a presentation from william sheenan summarizing the key financial and programmatic information included in the form 990. The board members were provided with a copy of the form 990 in advance of the meeting for their individual review. During the meeting the board discussed the following aspects of the form 990 financial statements the board reviewed the financial statements, including revenues, expenses, net assets, and compliance with accounting standards.”

Form 990, Part VI, Line 19

“The calor foundation is committed to transparency and accountability. In keeping with this committment, we make a variety of documents available to the general public. Documents are available upon request. Please contact us at po box 270306 st paul mn 55127. These reports detail our financial activities, programs, and accomplishments for each year. Irs form 990s our most recent and past irs form 990s are available also. These forms provide detailed information about our finances, including revenue, expenses, and governance. Strategic plan our current strategic plan, outlining our goals and objectives for the coming years is available upon request.”

Filing and Contact Details

Filer

Filer Name
Calor Foundation
EIN
93-3339570
Phone
6514926700
Address
PO BOX 270306, Saint Paul, MN 55127
Doing Business As
Tempest

Signing Officer

Name
William Sheehan
Title
Director
Phone
6514926700
Signed
2024-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Sheehan
Formed
2020
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
5

Preparer

Firm
The Williams Tax & Consulting Agency
Address
405 TROUSSEAU LANE, MCDONOUGH, GA 30252
Preparer
Apphia a Webster-williams
Phone
7703772337
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GOVERNING BODY OF CALOR FOUNDATION CONVENED THE LAST WEEK OF THE LAST MONTH OF THE YEAR TO REVIEW THE FORM 990 FOR THE FISCAL YEAR ENDING 12/31/23. THIS STATEMENT DETAILS THE BOARDS REVIEW PROCESS AND FINDINGS. REVIEW PROCESS THE BOARD RECEIVED A PRESENTATION FROM WILLIAM SHEENAN SUMMARIZING THE KEY FINANCIAL AND PROGRAMMATIC INFORMATION INCLUDED IN THE FORM 990. THE BOARD MEMBERS WERE PROVIDED WITH A COPY OF THE FORM 990 IN ADVANCE OF THE MEETING FOR THEIR INDIVIDUAL REVIEW. DURING THE MEETING THE BOARD DISCUSSED THE FOLLOWING ASPECTS OF THE FORM 990 FINANCIAL STATEMENTS THE BOARD REVIEWED THE FINANCIAL STATEMENTS, INCLUDING REVENUES, EXPENSES, NET ASSETS, AND COMPLIANCE WITH ACCOUNTING STANDARDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CALOR FOUNDATION IS COMMITTED TO TRANSPARENCY AND ACCOUNTABILITY. IN KEEPING WITH THIS COMMITTMENT, WE MAKE A VARIETY OF DOCUMENTS AVAILABLE TO THE GENERAL PUBLIC. DOCUMENTS ARE AVAILABLE UPON REQUEST. PLEASE CONTACT US AT PO BOX 270306 ST PAUL MN 55127. THESE REPORTS DETAIL OUR FINANCIAL ACTIVITIES, PROGRAMS, AND ACCOMPLISHMENTS FOR EACH YEAR. IRS FORM 990S OUR MOST RECENT AND PAST IRS FORM 990S ARE AVAILABLE ALSO. THESE FORMS PROVIDE DETAILED INFORMATION ABOUT OUR FINANCES, INCLUDING REVENUE, EXPENSES, AND GOVERNANCE. STRATEGIC PLAN OUR CURRENT STRATEGIC PLAN, OUTLINING OUR GOALS AND OBJECTIVES FOR THE COMING YEARS IS AVAILABLE UPON REQUEST.
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IRS990/TotalProgramServiceRevenueAmt012011000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt012011000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt012015857
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03898083
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 270306
IRS990/USAddress/CityNm0Saint Paul
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055127
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt01
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM SHEEHAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06514926700
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CALOR FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CALO
ReturnHeader/Filer/EIN0933339570
ReturnHeader/Filer/PhoneNum06514926700
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 270306
ReturnHeader/Filer/USAddress/CityNm0Saint Paul
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055127
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0850815916
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THE WILLIAMS TAX & CONSULTING AGENCY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0405 TROUSSEAU LANE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MCDONOUGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030252
ReturnHeader/PreparerPersonGrp/PhoneNum07703772337
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0APPHIA A WEBSTER-WILLIAMS
ReturnHeader/ReturnTs02024-10-14T01:25:34-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,898,083
Liabilities
$3,898,083
Net assets
$0
Revenue
$12,015,857
Expenses
$14,546,888
Net income
-$2,531,031
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$16.7$16.5$0.16$0.11$0.13$0.01
2024Detailed filing. Detailed filing data is available for this year.$8.88$8.92$0.04$0.02$0.05$0.04
2023Detailed filing. Detailed filing data is available for this year.$3.90$3.90$0.00$12.0$14.5$2.53