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Nonprofiteer
← GREATER PHOENIX CHAMBER FOUNDATION

Form 990 for tax year 2023

Filed by GREATER PHOENIX CHAMBER FOUNDATION.

Totals

Total revenue
$4,641,689
Total expenses
$4,945,234
Contributions and grants received
$4,489,224
Grants paid
$0
Program service revenue
$148,805
Investment income
$3,660
Other revenue
$0
Total assets, end of year
$2,715,973
Total liabilities, end of year
$862,189
Net assets or fund balances, end of year
$1,853,784
Program services expenses (Part IX)
$4,815,817
Management and general expenses
$78,889
Fundraising expenses
$50,528
Program service expenses (Part III)
$4,815,817

Program services were 97.4% 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.

  • 1e · Government grants (contributions)

    $2,342,866

  • 1f · All other contributions, gifts and grants

    $2,146,358

  • 2a · Program service revenue: CONTRACT REVENUE

    total $90,000 · related or exempt $90,000

  • 2b · Program service revenue: EVENTS & PROGRAMS

    total $58,805 · related or exempt $58,805

  • 3 · Investment income

    total $3,660 · excluded $3,660

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $504,473 · program services $504,473

  • 7 · Other salaries and wages

    total $2,665,290 · program services $2,638,898 · fundraising $26,392

  • 8 · Pension plan contributions

    total $61,714 · program services $61,714

  • 9 · Other employee benefits

    total $113,870 · program services $113,870

  • 10 · Payroll taxes

    total $196,134 · program services $194,271 · fundraising $1,863

  • 11c · Fees: accounting

    total $60,339 · management and general $60,339

  • 11e · Fees: professional fundraising services

    total $18,000 · fundraising $18,000

  • 11g · Fees: other

    total $677,675 · program services $677,675

  • 12 · Advertising and promotion

    total $170,474 · program services $164,467 · management and general $6,007

  • 13 · Office expenses

    total $32,228 · program services $27,605 · management and general $2,593 · fundraising $2,030

  • 14 · Information technology

    total $20,929 · program services $19,370 · management and general $1,559

  • 17 · Travel

    total $267,425 · program services $267,106 · management and general $319

  • 19 · Conferences, conventions and meetings

    total $116,665 · program services $111,323 · management and general $4,941 · fundraising $401

  • 22 · Depreciation, depletion and amortization

    total $25,234 · program services $21,342 · management and general $2,322 · fundraising $1,570

  • 24a · Other expenses: MEMBERSHIP DUES

    total $10,000 · program services $10,000

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $4,378 · program services $3,703 · management and general $403 · fundraising $272

  • 24c · Other expenses: TAXES AND LICENSES

    total $406 · management and general $406

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $659,536 · end of year $1,193,109

  • 2 · Savings and temporary cash investments

    beginning of year $162,057

  • 3 · Pledges and grants receivable

    beginning of year $798,000 · end of year $1,463,221

  • 4 · Accounts receivable

    beginning of year $1,079,113 · end of year $2,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,540 · end of year $7,175

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

    $109,405

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

    $58,937

  • 10c · Land, buildings and equipment, net

    beginning of year $75,701 · end of year $50,468

  • 17 · Accounts payable and accrued expenses

    beginning of year $314,177 · end of year $427,361

  • 19 · Deferred revenue

    beginning of year $9,795 · end of year $40,590

  • 25 · Other liabilities

    beginning of year $318,646 · end of year $394,238

  • 27 · Net assets without donor restrictions

    beginning of year $411,448 · end of year $227,067

  • 28 · Net assets with donor restrictions

    beginning of year $1,745,881 · end of year $1,626,717

Mission and programs · 2023

Mission

GREATER PHOENIX CHAMBER FOUNDATION (GPCF), A 501C3 LAUNCHED IN 2016, LEADS THE CHARITABLE AND EDUCATION INITIATIVES OF THE GREATER PHOENIX CHAMBER UNDER THE FOUR PILLARS OF EDUCATION, WORKFORCE DEVELOPMENT, WELLNESS, AND RESEARCH. THE FOUNDATION HELPS TO MAKE ARIZONA AND THE GREATER PHOENIX REGION KNOWN AS DESTINATIONS FOR HEALTHY TALENT AND HEALTHY COMMUNITIES THROUGH OUR WORKPLACE WELLNESS EFFORTS AND PUBLISHED DATA-DRIVEN RESEARCH USED TO INFORM POLICYMAKERS, BUSINESS LEADERS, AND THE PUBLIC. THROUGH STRONG ALIGNMENT BETWEEN EDUCATION, BUSINESS, AND COMMUNITY, THE FOUNDATION PREPARES INDIVIDUALS FOR COLLEGE AND CAREER AND SERVES AS AN INTERMEDIARY TO CONVEY WORKFORCE NEEDS AND CHAMPION SCALABLE WORKFORCE SOLUTIONS, SERVING UPWARDS OF 400,000 ARIZONANS ANNUALLY.

Activities or mission (Part I)

GPCF CONVENES AND CATALYZES BUSINESS, EDUCATION, AND COMMUNITY TO ENHANCE COLLEGE AND CAREER READINESS, DEVELOP A STRONGER WORKFORCE, AND BUILD HEALTHIER COMMUNITIES THROUGHOUT ARIZONA.

  • EDUCATION (ELEVATEEDAZ): ELEVATEEDAZ WORKS TO ALIGN EDUCATION TO WORKFORCE LEARNING PATHWAYS TO BETTER PREPARE STUDENTS FOR JOBS IN LEADING INDUSTRIES. OUR PRIMARY OBJECTIVES INCLUDE: INCREASING THE NUMBER OF STUDENTS ENROLLED IN/COMPLETING HIGH-WAGE, HIGH-DEMAND CAREER PATHWAYS; INCREASING STUDENT ATTAINMENT OF INDUSTRY-RECOGNIZED CREDENTIALS AND DUAL ENROLLMENT CREDIT; PROVIDING MORE STUDENTS WITH WORK-BASED LEARNING EXPERIENCES; AND EMPOWERING EDUCATORS TO REIMAGINE CLASSROOM LEARNING THROUGH EDUCATOR EXTERNSHIPS.

    Expenses $3,747,188 · Revenue $90,000

  • WORKFORCE DEVELOPMENT: CONNECT TO WORK AZ'S PRIMARY OBJECTIVE IS TO ASSIST UNEMPLOYED AND UNDEREMPLOYED ADULTS IN THE GREATER PHOENIX REGION IN OBTAINING JOBS IN HEALTHCARE AND FINANCIAL SERVICES. CONNECT TO WORK AZ AIMS TO CREATE CLEAR PATHWAYS IN THESE CRITICAL SECTORS, HELPING UNEMPLOYED AND UNDEREMPLOYED ADULTS ENTER STABLE CAREERS WITH POTENTIAL FOR ADVANCEMENT. THIS INITIATIVE OFFERS LOW-INCOME INDIVIDUALS OPPORTUNITIES FOR ECONOMIC MOBILITY WHILE ADDRESSING INDUSTRY DEMANDS FOR TALENT, BUILDING A STRONGER, MORE EQUITABLE WORKFORCE.

    Expenses $1,060,924 · Revenue $58,805

  • WELLNESS ATOZ: WELLNESS ATOZ IS A COMMUNITY HEALTH INITIATIVE OF THE GREATER PHOENIX CHAMBER FOUNDATION AIMED AT MAKING THE GREATER PHOENIX REGION KNOWN AS A DESTINATION FOR HEALTHY TALENT AND A HEALTHY COMMUNITY. WELLNESS ATOZ COMPLEMENTS EXISTING WELLNESS PROGRAMS, HIGHLIGHTING BEST PRACTICES AND OFFERING FREE TOOLS TO ENHANCE YOUR WELLNESS PROGRAM. BY ENCOURAGING COMPANIES TO EATWELL, PLAYWELL, LIVEWELL AND WORKWELL, WELLNESS ATOZ HELPS COMPANIES INVEST IN THEIR MOST IMPORTANT RESOURCE - THEIR EMPLOYEES.

    Expenses $7,705

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TODD SANDERS

    PRESIDENT & CEO

    Total calculated
    $428,640
    From this org
    $104,258
    From related orgs
    $312,773
    Other
    $11,609
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $74,986 + $224,959 related
    Bonus
    $29,272 + $87,814 related
    Other
    $0
    Deferred
    $2,902 + $8,707 related
    Nontaxable benefits
    $0
    Filer's total
    $107,160 + $321,480 related

  • JENNIFER MELLOR

    CHIEF INNOVATION OFFICER

    Total calculated
    $206,319
    From this org
    $175,883
    From related orgs
    $19,542
    Other
    $10,894
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $130,883 + $14,542 related
    Bonus
    $45,000 + $5,000 related
    Other
    $0
    Deferred
    $6,521 + $725 related
    Nontaxable benefits
    $3,283 + $365 related
    Filer's total
    $185,687 + $20,632 related

  • STACY DERSTINE

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LAURA LYNN SMITH

    VICE CHAIR AND SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SARA GORDON

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHERIE BOND

    BOARD MEMBER (AS OF JUL 2023)

    Total calculated
    $0
    Hours/week
    1

  • PHILLIP HUHTA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAY KAPROSY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GRENEE MARTACHO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ADRIANA MURRIETTA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DE ANNE RUSSELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KIM SAMUEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANDREA LEVY

    VP OF FINANCE & OPERATIONS

    Total calculated
    $78,017
    From this org
    $33,778
    From related orgs
    $41,285
    Other
    $2,954
    Hours/week
    18 + 22 related

  • JANELLE TASSART

    VP, CORP. DEV. & STRAT. INV.

    Total calculated
    $140,771
    From this org
    $13,236
    From related orgs
    $119,120
    Other
    $8,415
    Hours/week
    4 + 36 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

The filer's explanations (Part III)

PART I, LINE 3
THE GREATER PHOENIX CHAMBER OF COMMERCE HR COMMITTEE APPROVES THE SALARY AND BONUSES FOR THE CEO AND CIO. THE COMPENSATION COMMITTEE IS CHARGED WITH OVERSIGHT OF EXECUTIVE COMPENSATION. THE COMPENSATION COMMITTEE, IN CONSULTATION WITH THE BOARD CHAIR, ESTABLISHES PERFORMANCE METRICS FOR THE CEO. FOLLOWING THE CLOSE OF THE YEAR, THE COMPENSATION COMMITTEE REVIEWS THE RESULT TO DETERMINE THE OVERALL LEVEL OF PERFORMANCE. A THIRD-PARTY COMPENSATION CONSULTANT IS ENGAGED TO REVIEW MARKET COMPENSATION FOR THE CEO AND KEY MANAGEMENT EMPLOYEES. THE COMPENSATION COMMITTEE PROPOSES CHANGES IN COMPENSATION FOR THE CEO BASED ON PERFORMANCE OUTCOMES TO THE BOARD CHAIR FOR APPROVAL BY THE EXECUTIVE COMMITTEE. ANY INCREASES IN COMPENSATION FOR KEY MANAGEMENT STAFF ARE PROPOSED BY THE CEO AND APPROVED BY THE COMPENSATION COMMITTEE.

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
17 April 2025
IRS schema version
2023v6.0
Source object
202521129349302402

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