Nonprofit · EIN 20-1896813
SPRING POINT PROJECT
Tax-exempt · MINNEAPOLIS, MN 55402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,041,047 | $3,929,944 | $111,103 | $9,351,163 | $1,360,155 | $7,991,008 |
| December 31, 2024 | 990 | $3,653,866 | $3,612,196 | $41,670 | $8,301,984 | $425,019 | $7,876,965 |
| December 31, 2023 | 990 | $3,706,775 | $3,249,439 | $457,336 | $8,268,932 | $432,132 | $7,836,800 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $3,250
- Program service revenue
- $3,906,821
- Investment income
- $125,917
- Other revenue
- $5,059
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $510,679
- Other salaries and wages
- $852,623
- Salaries, compensation and benefits (total)
- $1,581,655
- Professional fundraising fees
- $0
- Legal fees
- $24,311
- Accounting fees
- $25,050
- Occupancy
- $24,006
- Travel
- $10,016
- Depreciation
- $238,523
- Program services (functional)
- $3,632,360
- Management and general (functional)
- $270,662
- Fundraising (functional)
- $26,922
Balance sheet and other
- Total assets, start of year
- $8,301,984
- Total assets, end of year
- $9,351,163
- Total liabilities, end of year
- $1,360,155
- Net assets, end of year
- $7,991,008
- Land, buildings and equipment
- $4,628,332
- Publicly traded securities
- $3,007,589
- Net assets without donor restrictions
- $7,991,008
- Gross receipts
- $4,041,047
- Employees
- 19
- Volunteers
- 9
- Year formed
- 2004
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THOMAS SPIZZO | EXECUTIVE DIRECTOR Officer | 40 | $227,011 | $34,808 |
| GERALDINE HULLUM | DIRECTOR OF ADMINISTRATION Highest-paid employee | 40 | $112,921 | $14,580 |
| MEGAN LARSON | DIRECTOR OF QUALITY Highest-paid employee | 40 | $105,954 | $15,405 |
| PATRICK RYAN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| TIMOTHY CLARK | EXECUTIVE VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| STEVE MURPHY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MARTHA VETTER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CHRIS PRUE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTIAN GRETSCHEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THOMAS SPIZZO | EXECUTIVE DIRECTOR Officer | 40 | $206,380 | $31,241 |
| MEGAN LARSON | DIRECTOR OF QUALITY Highest-paid employee | 40 | $111,982 | $15,650 |
| GERALDINE HULLUM | DIRECTOR OF ADMINISTRATION Highest-paid employee | 40 | $107,507 | $19,203 |
| PATRICK RYAN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| TIMOTHY CLARK | EXECUTIVE VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| STEVE MURPHY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MARTHA VETTER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CHRIS PRUE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTIAN GRETSCHEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE GRETSCHEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THOMAS SPIZZO | EXECUTIVE DIRECTOR Officer | 40 | $211,312 | $20,232 |
| GERALDINE HULLUM | DIRECTOR OF ADMINISTRATION Highest-paid employee | 40 | $106,065 | $9,331 |
| MEGAN MALZ | DIRECTOR OF QUALITY Highest-paid employee | 40 | $109,191 | $3,876 |
| PATRICK RYAN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| TIMOTHY CLARK | EXECUTIVE VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| STEVE MURPHY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MARTHA VETTER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CHRIS PRUE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTIAN GRETSCHEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE GRETSCHEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 121 S 8TH ST STE 822, MINNEAPOLIS, MN 55402-2835
- In care of
- % THOMAS CARTIER
- Principal officer (990 for 2025)
- THOMAS SPIZZO, 121 SOUTH EIGHTH STREET 822, MINNEAPOLIS, MN 55402
- Signed the 990
- THOMAS SPIZZO, EXECUTIVE DIRECTOR
- Phone
- (612) 333-4108
- Website
- WWW.SPRINGPOINTPROJECT.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO BE THE PREEMINENT SOURCE OF MEDICAL-GRADE PORCINE CLINICALLY TISSUE UTILIZED TO CURE DISEASES, WITH THE PRIMARY COMMITMENT TO DIABETES.
Program accomplishments
- BRED AND RAISED DESIGNATED PATHOGEN-FREE (DPF) MEDICAL-GRADE PIGS FOR USE IN BIOMEDICAL RESEARCH TO TREAT AND POTENTIALLY CURE TYPE 1 DIABETES. PROCURED PANCREATA, ISOLATED ISLETS, AND PRODUCED MICROENCAPSULATED COMBINATION PRODUCT TO FINALIZE INVESTIGATIONAL NEW DRUG (IND) SUBMISSION AND FACILITATE CLINICAL STUDIES. THE LONG-TERM PROGRAM OBJECTIVE IS TO PRODUCE A SUFFICIENT SUPPLY OF SUITABLE DONOR PIGS TO SERVE AS ISLET DONORS FOR DIABETIC PATIENTS, ULTIMATELY LEADING TO A PRACTICAL CURE FOR DIABETES.TO DATE, PRODUCED OVER THREE THOUSAND THREE HUNDRED DPF PIGS AND ISOLATED OVER 207 MILLION PORCINE ISLETS FROM DESIGNATED PATHOGEN-FREE (DPF) ANIMALS PRODUCED AT THE ORGANIZATION'S FACILITY TO SUPPORT (1) PRECLINICAL TRANSPLANTATION AND PREPARATION FOR AND THE INITIATION OF PHASE I/II CLINICAL ACTIVITIES AND (2) THE VALIDATION OF THE CGMP MANUFACTURING OF A CLINICALLY SUITABLE PRODUCT IN THE ON-SITE CELLULAR MANUFACTURING FACILITY.Expenses $3,632,360 · revenue $3,906,821
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-1896813
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H80)
- Assets (IRS master file)
- $9,351,163
- Income (IRS master file)
- $4,041,047
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $4,041,047 | $3,929,944 | $9,351,163 | XML |
| 990 | December 2024 | $3,653,866 | $3,612,196 | $8,301,984 | XML |
| 990 | December 2023 | $3,706,775 | $3,249,439 | $8,268,932 | XML |
| 990 | December 2022 | $3,148,339 | $3,131,159 | $7,612,511 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 20-1896813).
Questions about SPRING POINT PROJECT
- What is the EIN of SPRING POINT PROJECT?
- The employer identification number (EIN) of SPRING POINT PROJECT is 20-1896813.
- Is SPRING POINT PROJECT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to SPRING POINT PROJECT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SPRING POINT PROJECT 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 SPRING POINT PROJECT due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SPRING POINT PROJECT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SPRING POINT PROJECT?
- The 990 for the year ended December 31, 2025 names THOMAS SPIZZO.
- Who are the officers and directors of SPRING POINT PROJECT?
- The 990 for the year ended December 31, 2025 lists 9 people; 3 received compensation from the organization, the highest $227,011 (THOMAS SPIZZO, EXECUTIVE DIRECTOR).
- How much revenue does SPRING POINT PROJECT have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,041,047, expenses of $3,929,944 and total assets of $9,351,163 at year end.
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