Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $354,266

• 1f · All other contributions, gifts and grants

  $16,484,612

• 1g · Noncash contributions included above

  $797,670

• 2a · Program service revenue: ATHLETIC PROGRAMS

  total $402,518 · related or exempt $402,518

• 3 · Investment income

  total $299,153 · excluded $299,153

• 8a · Fundraising events: gross income

  $210,095

• 8a · Fundraising events: contributions included on line 1c

  $354,266

• 8b · Fundraising events: direct expenses

  $411,805

• 8c · Net income from fundraising events

  total -$201,710 · excluded -$201,710

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $17,185,267 · program services $17,185,267

• 11c · Fees: accounting

  total $131,250 · management and general $100,275 · fundraising $30,975

• 11f · Fees: investment management

  total $623 · management and general $623

• 11g · Fees: other

  total $121,454 · program services $110,710 · fundraising $10,744

• 13 · Office expenses

  total $487,843 · program services $200,817 · management and general $98,266 · fundraising $188,760

• 14 · Information technology

  total $176 · management and general $147 · fundraising $29

• 17 · Travel

  total $222,091 · program services $9,299 · management and general $70 · fundraising $212,722

• 19 · Conferences, conventions and meetings

  total $295 · fundraising $295

• 23 · Insurance

  total $7,445 · management and general $7,445

• 24a · Other expenses: MEALS AND CULTIVATION

  total $1,084,851 · program services $101,671 · management and general $11,268 · fundraising $971,912

• 24b · Other expenses: FEES AND SUBSCRIPTIONS

  total $278,808 · program services $216,898 · management and general $15,538 · fundraising $46,372

• 24c · Other expenses: OTHER EXPENSES

  total $1,446 · management and general $116 · fundraising $1,330

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,210,528 · end of year $236,024

• 2 · Savings and temporary cash investments

  beginning of year $4,138,117 · end of year $4,737,922

• 3 · Pledges and grants receivable

  beginning of year $21,225,151 · end of year $20,284,940

• 4 · Accounts receivable

  beginning of year $8,822,740 · end of year $8,411,739

• 9 · Prepaid expenses and deferred charges

  beginning of year $43,714 · end of year $145,319

• 10a · Land, buildings and equipment: cost or other basis

  $102,014

• 10b · Land, buildings and equipment: accumulated depreciation

  $102,014

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $239,062 · end of year $173,732

• 17 · Accounts payable and accrued expenses

  beginning of year $443,786 · end of year $184,886

• 27 · Net assets without donor restrictions

  beginning of year $8,286,328 · end of year $7,316,057

• 28 · Net assets with donor restrictions

  beginning of year $28,949,198 · end of year $26,488,733

The filer's explanations (Part III)

SCHEDULE J, PART II

COMPENSATION FOR SCOTT NELSON WAS PAID BY ARIZONA STATE UNIVERSITY FOUNDATION, AN UNRELATED ORGANIZATION. COMPENSATION FOR FRANK FERRARA AND DANIEL WAKELY WAS PAID BY ARIZONA STATE UNIVERSITY, AN UNRELATED ORGANIZATION. THEY SPEND APPROXIMATELY 15% OF THEIR TIME ON ACTIVITIES RELATED TO SUN ANGEL FOUNDATION. THE AMOUNT SHOWN IN PART VII, SECTION A DOES NOT REFLECT THE AMOUNT REPORTED ON THEIR W-2, BOX 5 OR THEIR NON-TAXABLE BENEFITS. THE AMOUNT SHOWN IN PART VII IS 15% OF THEIR TOTAL COMPENSATION AS REPORTED ON THEIR W-2, BOX 5 AND 15% OF THEIR NON-TAXABLE BENEFITS.