Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $576,416

• 1d · Related organizations

  $10,184,935

• 1e · Government grants (contributions)

  $284,344

• 1f · All other contributions, gifts and grants

  $138,354,841

• 1g · Noncash contributions included above

  $11,212,138

• 2a · Program service revenue: ADMINISTRATIVE FEES

  total $3,198,110 · related or exempt $3,198,110

• 3 · Investment income

  total $26,254,265 · unrelated business $473,467 · excluded $25,780,798

• 6a · Gross rents

  real property $264,673

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $264,673

• 6d · Net rental income or loss

  total $264,673 · excluded $264,673

• 7a · Gross sales of assets other than inventory

  securities $221,882,765

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

  securities $198,494,515

• 7c · Gain or loss

  securities $23,388,250

• 7d · Net gain or loss

  total $23,388,250 · excluded $23,388,250

• 8a · Fundraising events: gross income

  $284,157

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

  $576,416

• 8b · Fundraising events: direct expenses

  $478,984

• 8c · Net income from fundraising events

  total -$194,827 · excluded -$194,827

• 9a · Gaming: gross income

  $4,780

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $4,780 · excluded $4,780

• 11a · Other revenue: OTHER INCOME

  total $187,525 · excluded $187,525

• 11e · Other revenue, total

  $187,525

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $94,107,481 · program services $94,107,481

• 2 · Grants to domestic individuals

  total $5,540,956 · program services $5,540,956

• 3 · Grants to foreign organizations and individuals

  total $830,497 · program services $830,497

• 5 · Compensation of officers, directors and key employees

  total $1,761,590 · program services $352,318 · management and general $704,636 · fundraising $704,636

• 7 · Other salaries and wages

  total $6,436,257 · program services $2,899,383 · management and general $2,150,516 · fundraising $1,386,358

• 8 · Pension plan contributions

  total $342,808 · program services $140,551 · management and general $123,411 · fundraising $78,846

• 9 · Other employee benefits

  total $740,512 · program services $303,610 · management and general $266,584 · fundraising $170,318

• 10 · Payroll taxes

  total $550,545 · program services $225,724 · management and general $198,196 · fundraising $126,625

• 11b · Fees: legal

  total $145,444 · program services $72,722 · management and general $72,722

• 11c · Fees: accounting

  total $267,630 · management and general $267,630

• 11f · Fees: investment management

  total $2,492,712 · management and general $2,492,712

• 11g · Fees: other

  total $3,373,932 · program services $2,932,460 · management and general $301,336 · fundraising $140,136

• 12 · Advertising and promotion

  total $330,965 · program services $135,070 · management and general $36,019 · fundraising $159,876

• 13 · Office expenses

  total $912,079 · program services $612,908 · management and general $182,545 · fundraising $116,626

• 14 · Information technology

  total $909,226 · program services $372,783 · management and general $327,321 · fundraising $209,122

• 16 · Occupancy

  total $913,270 · program services $374,441 · management and general $328,777 · fundraising $210,052

• 17 · Travel

  total $49,842 · program services $20,435 · management and general $17,943 · fundraising $11,464

• 19 · Conferences, conventions and meetings

  total $119,346 · program services $63,606 · management and general $55,740

• 20 · Interest

  total $11,000 · program services $11,000

• 22 · Depreciation, depletion and amortization

  total $352,387 · program services $144,479 · management and general $126,859 · fundraising $81,049

• 23 · Insurance

  total $110,964 · program services $45,495 · management and general $39,947 · fundraising $25,522

• 24a · Other expenses: SPONSORSHIPS

  total $342,039 · program services $342,039

• 24b · Other expenses: DUES AND LICENSES

  total $147,398 · program services $60,433 · management and general $53,063 · fundraising $33,902

• 24c · Other expenses: DONOR STEWARDSHIP/CULTI

  total $84,427 · program services $22,339 · management and general $19,615 · fundraising $42,473

• 24d · Other expenses: REAL PROPERTY EXPENSES

  total $35,861 · program services $832 · management and general $33,365 · fundraising $1,664

• 24e · All other expenses

  total $1,113,182 · program services $1,021,921 · management and general $74,978 · fundraising $16,283

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,164,210 · end of year $6,868,487

• 2 · Savings and temporary cash investments

  beginning of year $51,198,790 · end of year $157,865,418

• 3 · Pledges and grants receivable

  beginning of year $33,088,228 · end of year $40,688,900

• 4 · Accounts receivable

  beginning of year $1,971 · end of year $4,180

• 7 · Other notes and loans receivable

  beginning of year $10,047,323 · end of year $16,148,499

• 9 · Prepaid expenses and deferred charges

  beginning of year $259,397 · end of year $380,272

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

  $2,175,554

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

  $1,697,100

• 10c · Land, buildings and equipment, net

  beginning of year $734,198 · end of year $478,454

• 11 · Investments: publicly traded securities

  beginning of year $918,962,738 · end of year $591,413,295

• 12 · Investments: other securities

  beginning of year $94,632,778 · end of year $376,459,906

• 15 · Other assets

  beginning of year $2,723,976 · end of year $1,965,894

• 17 · Accounts payable and accrued expenses

  beginning of year $6,572,258 · end of year $945,297

• 18 · Grants payable

  beginning of year $22,133,455 · end of year $24,667,740

• 21 · Escrow or custodial account liability

  beginning of year $145,777,057 · end of year $163,823,445

• 25 · Other liabilities

  beginning of year $14,963,328 · end of year $16,462,112

• 27 · Net assets without donor restrictions

  beginning of year $901,778,189 · end of year $967,609,377

• 28 · Net assets with donor restrictions

  beginning of year $22,589,322 · end of year $18,765,334

The filer's explanations (Part III)

PART I, LINE 7

THE BONUSES FOR THE EXECUTIVE TEAM ARE BASED ON TEAM GOALS (50%) AND INDIVIDUAL GOALS (50%), WHICH ARE DEVELOPED TO ALIGN WITH THE OVERALL ORGANIZATIONAL GOALS. THESE GOALS ARE APPROVED COLLABORATIVELY BY THE FINANCE ADMINISTRATION, THE BUDGET COMMITTEE, AND THE COMPENSATION COMMITTEE. BONUSES ARE PRO-RATED BASED ON THE GOALS THAT WERE SUCCESSFULLY MET, AND MAXIMUM BONUSES ARE DETERMINED DURING THE BUDGET PROCESS. BONUSES ARE ONLY PAID ON ACHIEVED GOALS.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• DPG01 BASELINE339 AVE 40 LLC

  R/E HOLDING · AZ · assets $54,990

  Directly controlled by ARIZONA COMMUNITY FOUNDATION

• HOUSE

  R/E HOLDING · AZ · assets $900,000

  Directly controlled by ARIZONA COMMUNITY FOUNDATION

• KS MALIBU LLC

  R/E HOLDING · AZ · assets $3,000,000

  Directly controlled by ARIZONA COMMUNITY FOUNDATION

• JR INVESTMENTS 11 LLC

  R/E HOLDING · AZ · assets $100,000

  Directly controlled by ARIZONA COMMUNITY FOUNDATION

• VERMA CHARITABLE FOUNDATION AT ACF LLC

  R/E HOLDING · AZ · assets $60,000

  Directly controlled by ARIZONA COMMUNITY FOUNDATION

• VERMA 467THNARRAMORE 320 LLC

  R/E HOLDING · AZ · assets $364,800

  Directly controlled by ARIZONA COMMUNITY FOUNDATION

• VERMA MD2 TONOPAH 427NARRAMORE 1100 LLC

  R/E HOLDING · AZ · assets $1,100,000

  Directly controlled by ARIZONA COMMUNITY FOUNDATION

• VERMA KVAV 395ELIOTT 1360110 LLC

  R/E HOLDING · AZ · assets $169,575

  Directly controlled by ARIZONA COMMUNITY FOUNDATION

• CAMP TONOPAH LLC

  R/E HOLDING · AZ · assets $380,000

  Directly controlled by ARIZONA COMMUNITY FOUNDATION

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 INVESTMENTS LLLP

  EXCLUDED · INVESTMENT · AZ · 97% owned · share of assets $696,324

• PEDERSON POSSE LLC SERIES A

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

• PEDERSON POSSE LLC SERIES B

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

Related corporations and trusts

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

• CHARITABLE REMAINDER TRUST (18)

  INVESTMENT · AZ

• CHARITABLE LEAD TRUST (2)

  INVESTMENT · AZ