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Nonprofiteer
← WELLIK FOUNDATION

Form 990 for tax year 2023

Filed by WELLIK FOUNDATION.

Totals

Total revenue
$636,997
Total expenses
$934,372
Contributions and grants received
$0
Grants paid
$593,080
Program service revenue
$0
Investment income
$623,197
Other revenue
$13,800
Total assets, end of year
$28,175,449
Total liabilities, end of year
$44,532
Net assets or fund balances, end of year
$28,130,917
Program services expenses (Part IX)
$652,366
Management and general expenses
$282,006
Fundraising expenses
$0
Program service expenses (Part III)
$652,366

Program services were 69.8% 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.

  • 3 · Investment income

    total $828,404 · excluded $828,404

  • 6a · Gross rents

    real property $13,800

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $13,800

  • 6d · Net rental income or loss

    total $13,800 · excluded $13,800

  • 7b · Less cost or other basis and sales expenses

    securities $205,207

  • 7c · Gain or loss

    securities -$205,207

  • 7d · Net gain or loss

    total -$205,207 · excluded -$205,207

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $593,080 · program services $593,080

  • 11a · Fees: management

    total $262,332 · management and general $262,332

  • 11b · Fees: legal

    total $35,331 · program services $35,331

  • 11f · Fees: investment management

    total $19,674 · management and general $19,674

  • 11g · Fees: other

    total $4,000 · program services $4,000

  • 13 · Office expenses

    total $1,847 · program services $1,847

  • 24a · Other expenses: REAL PROPERTY EXPENSES

    total $18,108 · program services $18,108

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $312,500

  • 2 · Savings and temporary cash investments

    beginning of year $24,745 · end of year $6,399

  • 7 · Other notes and loans receivable

    beginning of year $7,381,266 · end of year $3,858,220

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

    $3,297,200

  • 10c · Land, buildings and equipment, net

    beginning of year $2,880,000 · end of year $3,297,200

  • 11 · Investments: publicly traded securities

    beginning of year $15,800,135 · end of year $20,701,130

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,734 · end of year $11,607

  • 18 · Grants payable

    beginning of year $66,125 · end of year $32,925

  • 27 · Net assets without donor restrictions

    beginning of year $26,016,287 · end of year $28,130,917

Mission and programs · 2023

Mission

TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE ARIZONA COMMUNITY FOUNDATION, AN AZ NONPROFIT CORPORATION, SO LONG AS ARIZONA COMMUNITY FOUNDATION REMAINS A QUALIFIED ORGANIZATION.

Activities or mission (Part I)

TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE ARIZONA COMMUNITY FOUNDATION, AN AZ NONPROFIT CORPORATION, SO LONG AS ARIZONA COMMUNITY FOUNDATOIN REMAINS A QUALIFIED ORGANIZATION.

  • GRANTS SUPPORTING PROGRAM SERVICES CARRIED ON BY THE ORGANIZATION IN THE WICKENBURG AREA. SEE SCHEDULE I, PART II FOR MORE INFORMATION.

    Expenses $652,366 · Grants $593,080

As filed on the 2023 return.

Listed in Part VII

  • Eileen McGuire

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Alvin Hancock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Janette Bryant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Blakeley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barbara McArthur

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Becky Hays Rovey

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Alan Abare

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Harrer

    SECRETARY & TREASURER

    Total calculated
    $132,337
    From this org
    $0
    From related orgs
    $124,439
    Other
    $7,898
    Hours/week
    1 + 45 related

  • Kyla Quintero

    SECRETARY & TREASURER (THRU 12/23)

    Total calculated
    $404,511
    From this org
    $0
    From related orgs
    $374,901
    Other
    $29,610
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $323,663 related
    Bonus
    $0 + $51,238 related
    Other
    $0
    Deferred
    $0 + $19,420 related
    Nontaxable benefits
    $0 + $10,190 related
    Filer's total
    $0 + $404,511 related

  • Julia Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Valerie Shumway

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Morgan Bishop Fraser

    DIRECTOR

    Total calculated
    $123,784
    From this org
    $0
    From related orgs
    $115,979
    Other
    $7,805
    Hours/week
    1 + 45 related

  • Anna Maria Chavez

    PRESIDENT

    Total calculated
    $474,002
    From this org
    $0
    From related orgs
    $473,078
    Other
    $924
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $460,577 related
    Bonus
    $0 + $12,501 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $924 related
    Filer's total
    $0 + $474,002 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • A&C LAKESIDE INV

    EXCLUDED · INVESTMENT · AZ · 97% owned · share of assets $489,000

  • CASSIDY CHARITABLE LP

    EXCLUDED · INVESTMENT · AZ · 99% owned · share of assets $24,300

  • FTP HOLDINGS LLC

    EXCLUDED · INVESTMENT · AZ · 95% owned · share of assets $234,701

  • LIBERTY INV LLLP

    EXCLUDED · INVESTMENT · AZ · 97% owned · share of income $79,905 · share of assets $678,550

  • PEDERSON POSSE LLC SERIES A

    EXCLUDED · AZ · 98% owned · share of income $596,000 · share of assets $596,000

  • PEDERSON POSSE LLC SERIES B

    EXCLUDED · AZ · 98% owned · share of income $1,401,000 · share of assets $1,401,000

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUST (19)

    INVESTMENT · AZ

  • CHARITABLE LEAD TRUST (2)

    INVESTMENT · AZ

Provenance

Return type
form_990
Tax year
2023
Filed
22 November 2024
IRS schema version
2023v5.1
Source object
202433589349300433

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