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← LEISURE WORLD FOUNDATION OF ARIZONA INC

Form 990 for tax year 2023

Filed by LEISURE WORLD FOUNDATION OF ARIZONA INC.

Totals

Total revenue
$222,597
Total expenses
$109,745
Contributions and grants received
$115,688
Grants paid
$53,500
Program service revenue
$0
Investment income
$106,909
Other revenue
$0
Total assets, end of year
$903,455
Total liabilities, end of year
$1,594
Net assets or fund balances, end of year
$901,861
Program services expenses (Part IX)
$101,660
Management and general expenses
$8,085
Fundraising expenses
$0
Program service expenses (Part III)
$101,660

Program services were 92.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $51,361

  • 1f · All other contributions, gifts and grants

    $64,327

  • 3 · Investment income

    total $106,717 · related or exempt $106,717

  • 4 · Income from investment of tax-exempt bond proceeds

    total $192 · related or exempt $192

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

    $51,361

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $47,500 · program services $47,500

  • 2 · Grants to domestic individuals

    total $6,000 · program services $6,000

  • 11b · Fees: legal

    total $6,244 · management and general $6,244

  • 11c · Fees: accounting

    total $750 · management and general $750

  • 12 · Advertising and promotion

    total $715 · program services $715

  • 13 · Office expenses

    total $1,091 · management and general $1,091

  • 23 · Insurance

    total $961 · program services $961

  • 24a · Other expenses: Leisure World golf course

    total $29,000 · program services $29,000

  • 24b · Other expenses: Program expenses

    total $2,950 · program services $2,950

  • 24c · Other expenses: Fundraising events

    total $14,534 · program services $14,534

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $42,058 · end of year $83,193

  • 2 · Savings and temporary cash investments

    beginning of year $72,783 · end of year $38,861

  • 9 · Prepaid expenses and deferred charges

    end of year $466

  • 11 · Investments: publicly traded securities

    beginning of year $674,218 · end of year $780,935

  • 17 · Accounts payable and accrued expenses

    beginning of year $41 · end of year $1,594

  • 27 · Net assets without donor restrictions

    beginning of year $789,018 · end of year $461,128

  • 28 · Net assets with donor restrictions

    end of year $440,733

Mission and programs · 2023

Mission

To provide charitable relief to help meet the needs of the elderly, handicapped, and distressed people in Mesa, Arizona and the nearby east valley area, including Leisure World community.

  • Raise funds through foundation activities to provide grants to organizations that meet the criteria designed by the board of directors and align with the mission of Leisure World Foundation of Arizona. For 2023, the organization raised $51,360.82 and provided grants of $48,000 and scholarships of $6,000.00.

    Expenses $101,660 · Grants $48,000 · Revenue $51,361

As filed on the 2023 return.

Listed in Part VII

  • Ruth Pechmann

    Director

    Total calculated
    $0
    Hours/week
    2

  • Pat Connlley

    Director

    Total calculated
    $0
    Hours/week
    0

  • Chris Lock

    Director

    Total calculated
    $0
    Hours/week
    2

  • Joan Jajdelski

    Director

    Total calculated
    $0
    Hours/week
    2

  • Bob Lehrkind

    Director

    Total calculated
    $0
    Hours/week
    2

  • Ron Bickle

    Director

    Total calculated
    $0
    Hours/week
    0

  • Joe Rowbothum

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dyan Brown

    Director

    Total calculated
    $0
    Hours/week
    0

  • Sally Reiman

    Director

    Total calculated
    $0
    Hours/week
    2

  • Norma Bryant

    Director

    Total calculated
    $0
    Hours/week
    0

  • Kim Cassese

    Treasurer

    Total calculated
    $0
    Hours/week
    0

  • Donna Bailey

    Past President

    Total calculated
    $0
    Hours/week
    2

  • Allanah Courson

    Secretary

    Total calculated
    $0
    Hours/week
    0

  • Barry Jacobsen

    President

    Total calculated
    $0
    Hours/week
    2

  • Dean Gatzemeier

    Vice President

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202433139349304338

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