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Nonprofiteer
← PHOENIX SUNS CHARITIES INC

Form 990 for tax year 2022

Filed by PHOENIX SUNS CHARITIES INC.

Totals

Total revenue
$8,143,439
Total expenses
$2,718,309
Contributions and grants received
$7,631,958
Grants paid
$2,414,060
Program service revenue
$0
Investment income
$130,501
Other revenue
$380,980
Total assets, end of year
$8,297,772
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,297,772
Program services expenses (Part IX)
$2,505,288
Management and general expenses
$213,021
Fundraising expenses
$0
Program service expenses (Part III)
$2,505,288

Program services were 92.2% 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.

  • 1b · Membership dues

    $3,135

  • 1f · All other contributions, gifts and grants

    $7,628,823

  • 3 · Investment income

    total $130,501 · excluded $130,501

  • 8a · Fundraising events: gross income

    $217,987

  • 8b · Fundraising events: direct expenses

    $32,722

  • 8c · Net income from fundraising events

    total $185,265 · excluded $185,265

  • 9a · Gaming: gross income

    $825

  • 9b · Gaming: direct expenses

    $415

  • 9c · Net income from gaming

    total $410 · excluded $410

  • 11a · Other revenue: LICENSE PLATE REVENUE

    total $189,594 · excluded $189,594

  • 11b · Other revenue: SCOREBOARD MESSAGE REVENUE

    total $5,281 · excluded $5,281

  • 11c · Other revenue: HARDWOOD CLASSIC SNEAKPEAK

    total $430 · excluded $430

  • 11e · Other revenue, total

    $195,305

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,414,060 · program services $2,414,060

  • 11a · Fees: management

    total $170,000 · management and general $170,000

  • 11b · Fees: legal

    total $4,675 · management and general $4,675

  • 11c · Fees: accounting

    total $19,681 · management and general $19,681

  • 13 · Office expenses

    total $321 · management and general $321

  • 23 · Insurance

    total $3,189 · management and general $3,189

  • 24a · Other expenses: PRESENTATION EXPENSES

    total $91,228 · program services $91,228

  • 24b · Other expenses: LICENSES AND PERMITS

    total $14,124 · management and general $14,124

  • 24e · All other expenses

    total $1,031 · management and general $1,031

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,171,963 · end of year $1,491,592

  • 2 · Savings and temporary cash investments

    beginning of year $80,339 · end of year $80,665

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $595,340 · end of year $6,725,515

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,847,642 · end of year $8,297,772

Mission and programs · 2022

Mission

PHOENIX SUNS CHARITIES WAS FOUNDED IN 1988 WITH THE MISSION TO BENEFIT ORGANIZATIONS THAT ASSIST THE NEEDS OF CHILDREN AND FAMILIES IN ARIZONA. DUE TO THE GENEROSITY OF FANS AND SPONSORS, AND UNDERWRITING BY THE TEAM, PHOENIX SUNS CHARITIES HAS EXPERIENCED STEADY GROWTH AND NOW DISTRIBUTES MORE THAN A MILLION DOLLARS ANNUALLY TO HUNDREDS OF LOCAL CHARITIES. SINCE ITS INCEPTION, PHOENIX SUNS CHARITIES HAS DONATED MORE THAN 36 MILLION DOLLARS TO WORTHY ARIZONA ORGANIZATIONS.

Activities or mission (Part I)

TO BENEFIT ORGANIZATIONS THAT ASSIST THE NEEDS OF CHILDREN AND FAMILIES IN ARIZONA.

  • DUE TO THE GENEROSITY OF FANS AND SPONSORS, AS WELL AS UNDERWRITING BY THE TEAM, PHOENIX SUNS CHARITIES HAS EXPERIENCED STEADY GROWTH AND DISTRIBUTES MORE THAN A MILLION DOLLARS ANNUALLY TO HUNDREDS OF LOCAL CHARITIES. FUNDS ARE RAISED DURING THE NBA SEASON THROUGH SPECIAL EVENTS SUCH AS THE SUNS COURTSIDE CLASSIC, 3 ON 3 TOURNAMENT, GOLF CLASSIC, SUNS CHARITIES 88, AND THE SUNS ASSIST EMPLOYEE GIVING CAMPAIGN; SCOREBOARD MESSAGES PRESENTED AT SUNS HOME GAMES; GAME NIGHT AUCTIONS AND SALES; AND THROUGH SPECIAL PROJECTS SUCH AS SUNS LICENSE PLATES. FINALLY, MANY GENEROUS FANS AND COMMUNITY ORGANIZATIONS DESIGNATE PHOENIX SUNS CHARITIES AS THE RECIPIENT OF THEIR GIVING LEAD BY A GROUP OF DONORS KNOWN AS PLAYMAKERS WHO PLEDGE $100,000 OVER FOUR YEARS TO THE CHARITY.

    Expenses $2,505,288 · Grants $2,414,060

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Scott Rehorn

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Adam Pritchett

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Sarah Krahenbuhl

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40
  • Jim Pitman

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Chris Alvarez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Oliver Badgio

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Taylor Blackwood

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dan Costello

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Don Dady

    BOARD MEMBER (THRU 11/2022)

    Total calculated
    $0
    Hours/week
    1
  • Warren Forsythe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Monica Garnes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Melissa Goldenberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jane Roig

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jason Rowley

    BOARD MEMBER (THRU 02/2023)

    Total calculated
    $0
    Hours/week
    1
  • Governor Stephen Roe Lewis

    BOARD MEMBER (AS OF 10/2022)

    Total calculated
    $0
    Hours/week
    1
  • Davon Wade

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tracey Wiley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

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

Provenance

Return type
form_990
Tax year
2022
Filed
6 May 2024
IRS schema version
2022v5.0
Source object
202441279349302364

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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