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Nonprofit · EIN 85-1076978

FRIENDS OF SPERO ACADEMY II

Tax-exempt · MINNEAPOLIS, MN 55418

Financials

$901K$1.8M2022$1.6M$2M2023$2M$2M2024
Revenue Expenses · by fiscal year end
Financials of FRIENDS OF SPERO ACADEMY II by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$1,967,349$2,047,302-$79,953$24,466,781$27,263,214-$2,796,433
June 30, 2024990$1,607,935$2,019,079-$411,144$24,553,603$27,270,084-$2,716,481
June 30, 2023990$900,825$1,753,080-$852,255$25,311,184$27,616,521-$2,305,337
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,828,258
Investment income
$139,091
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$2,500
Accounting fees
$12,200
Depreciation
$624,304
Program services (functional)
$2,032,602
Management and general (functional)
$14,700

Balance sheet and other

Total assets, start of year
$24,553,603
Total assets, end of year
$24,466,781
Total liabilities, end of year
$27,263,214
Net assets, end of year
-$2,796,433
Land, buildings and equipment
$20,540,872
Gross receipts
$1,967,349
Employees
0
Volunteers
3
Year formed
2020
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.

NameTitleHours / weekCompensation
TONY FARAHCHAIR
Trustee or director, Officer
1$0
KIRK WAHLSTROMSECRETARY
Trustee or director, Officer
1$0
CHANDRA STONETREASURER
Trustee or director, Officer
1$0
990 for the year ended June 30, 2024: 3 people
NameTitleHours / weekCompensation
TONY FARAHCHAIR
Trustee or director, Officer
1$0
KIRK WAHLSTROMSECRETARY
Trustee or director, Officer
1$0
CHANDRA STONETREASURER
Trustee or director, Officer
1$0
990 for the year ended June 30, 2023: 3 people
NameTitleHours / weekCompensation
TONY FARAHCHAIR
Trustee or director, Officer
1$0
KIRK WAHLSTROMSECRETARY
Trustee or director, Officer
1$0
CHANDRA STONETREASURER
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
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.

990 for the year ended June 30, 2025

Program accomplishments

  • THE ORGANIZATION'S PURPOSE IS TO CONSTRUCT AND LEASE A FACILITY FOR SPERO ACADEMY, A MN PUBLIC CHARTER SCHOOL.
    Expenses $2,032,602 · revenue $1,828,258

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
85-1076978
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2020
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B11)
Assets (IRS master file)
$24,466,781
Income (IRS master file)
$1,967,349

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$1,967,349$2,047,302$24,466,781IRS
990June 2024$1,607,935$2,019,079$24,553,603IRS
990June 2023$900,825$1,753,080$25,311,184XML
990June 2022$2,998$1,448,692$31,950,836IRS
990June 2021–––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 85-1076978).

Questions about FRIENDS OF SPERO ACADEMY II

What is the EIN of FRIENDS OF SPERO ACADEMY II?
The employer identification number (EIN) of FRIENDS OF SPERO ACADEMY II is 85-1076978.
Is FRIENDS OF SPERO ACADEMY II tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to FRIENDS OF SPERO ACADEMY II tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does FRIENDS OF SPERO ACADEMY II 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 II 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 II 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 II?
The 990 for the year ended June 30, 2025 names TONY FARAH.
Who are the officers and directors of FRIENDS OF SPERO ACADEMY II?
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 II have?
On its 990 for the year ended June 30, 2025 it reported revenue of $1,967,349, expenses of $2,047,302 and total assets of $24,466,781 at year end.

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