Nonprofit · EIN 81-5382949
FRIENDS OF@SPERO ACADEMY
Tax-exempt · MINNEAPOLIS, MN 55418
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,680,164 | $1,474,254 | $205,910 | $16,537,358 | $18,413,793 | -$1,876,435 |
| June 30, 2024 | 990 | $1,721,442 | $1,443,363 | $278,079 | $16,611,319 | $18,693,673 | -$2,082,354 |
| June 30, 2023 | 990 | $1,648,771 | $1,516,261 | $132,510 | $16,633,129 | $18,993,562 | -$2,360,433 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,563,888
- Investment income
- $116,276
- Net gain from sales of assets
- -$31,980
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $16,700
- Occupancy
- $3,250
- Depreciation
- $272,967
- Program services (functional)
- $1,457,554
- Management and general (functional)
- $16,700
Balance sheet and other
- Total assets, start of year
- $16,611,319
- Total assets, end of year
- $16,537,358
- Total liabilities, end of year
- $18,413,793
- Net assets, end of year
- -$1,876,435
- Land, buildings and equipment
- $12,631,737
- Gross receipts
- $1,712,144
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2016
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TONY FARAH | CHAIR Trustee or director, Officer | 1 | $0 |
| KIRK WAHLSTROM | SECRETARY Trustee or director, Officer | 1 | $0 |
| CHANDRA STONE | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TONY FARAH | CHAIR Trustee or director, Officer | 1 | $0 |
| KIRK WAHLSTROM | SECRETARY Trustee or director, Officer | 1 | $0 |
| CHANDRA STONE | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TONY FARAH | CHAIR Trustee or director, Officer | 1 | $0 |
| KIRK WAHLSTROM | SECRETARY Trustee or director, Officer | 1 | $0 |
| CHANDRA STONE | TREASURER Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2701 CALIFORNIA ST NE, MINNEAPOLIS, MN 55418-2606
- Principal officer (990 for 2024)
- TONY FARAH, 2701 CALIFORNIA STREET NE, MINNEAPOLIS, MN 55418
- Signed the 990
- TONY FARAH, BOARD CHAIR
- Phone
- (612) 465-8600
- Website
- WWW.SPERO.ACADEMY
- Return prepared by
- CREATIVE PLANNING TAX LLC
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.
Program accomplishments
- THE ORGANIZATION'S PURPOSE IS TO CONSTRUCT AND LEASE A FACILITY FOR SPERO ACADEMY, A MN PUBLIC CHARTER SCHOOL.Expenses $1,457,554 · revenue $1,563,888
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 81-5382949
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type III functionally integrated
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2017
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $16,537,358
- Income (IRS master file)
- $1,712,144
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,680,164 | $1,474,254 | $16,537,358 | IRS |
| 990 | June 2024 | $1,721,442 | $1,443,363 | $16,611,319 | IRS |
| 990 | June 2023 | $1,648,771 | $1,516,261 | $16,633,129 | XML |
| 990 | June 2022 | $1,435,490 | $2,088,155 | $16,643,995 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-5382949).
Questions about FRIENDS OF@SPERO ACADEMY
- What is the EIN of FRIENDS OF@SPERO ACADEMY?
- The employer identification number (EIN) of FRIENDS OF@SPERO ACADEMY is 81-5382949.
- Is FRIENDS OF@SPERO ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to FRIENDS OF@SPERO ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does FRIENDS OF@SPERO ACADEMY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRIENDS OF@SPERO ACADEMY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDS OF@SPERO ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FRIENDS OF@SPERO ACADEMY?
- The 990 for the year ended June 30, 2025 names TONY FARAH.
- Who are the officers and directors of FRIENDS OF@SPERO ACADEMY?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does FRIENDS OF@SPERO ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,680,164, expenses of $1,474,254 and total assets of $16,537,358 at year end.
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