Form 990 for tax year 2022
Filed by ARIZONA THERAPEUTIC LEARNING CENTER.
Totals
- Total revenue
- $918,927
- Total expenses
- $535,546
- Contributions and grants received
- $850,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $2,747
- Other revenue
- $66,180
- Total assets, end of year
- $649,004
- Total liabilities, end of year
- $3,834
- Net assets or fund balances, end of year
- $645,170
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $535,546
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $0
Program services were 0.0% 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.
-
1f · All other contributions, gifts and grants
$850,000
-
3 · Investment income
total $2,747 · excluded $2,747
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $66,180
-
6c · Rental income or loss
real property $66,180 · personal property $0
-
6d · Net rental income or loss
total $66,180 · excluded $66,180
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $96,154 · management and general $96,154
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $50,231 · management and general $50,231
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $2,345 · management and general $2,345
-
10 · Payroll taxes
total $11,334 · management and general $11,334
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $15,707 · management and general $15,707
-
11c · Fees: accounting
total $3,040 · management and general $3,040
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $23,721 · management and general $23,721
-
12 · Advertising and promotion
total $52,822 · management and general $52,822
-
13 · Office expenses
total $383 · management and general $383
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $48,427 · management and general $48,427
-
17 · Travel
total $18,908 · management and general $18,908
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $546 · management and general $546
-
23 · Insurance
total $2,816 · management and general $2,816
-
24a · Other expenses: CONSTRUCTION WRITEOFF EXPENSE
total $203,773 · management and general $203,773
-
24b · Other expenses: Subscriptions
total $3,868 · management and general $3,868
-
24c · Other expenses: Taxes
total $1,471 · management and general $1,471
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $57,723 · end of year $137,617
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $293 · end of year $3,369
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $2,116
-
10a · Land, buildings and equipment: cost or other basis
$3,701
-
10b · Land, buildings and equipment: accumulated depreciation
$546
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $3,155
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $502,747
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $203,773 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $3,834
-
27 · Net assets without donor restrictions
beginning of year $261,789 · end of year $645,170
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
The organization's purposes shall include, but not be limited to, (a) making grants to charitable, educational and other organizations qualified and recognized as exempt from federal income tax under IRC Section 501(c)(3); (b) making grants exclusively for public purposes to Federal, state or local governments; (c) awarding scholarships to qualified individuals; and (d) engaging in any other activities that are appropriate and proper under IRS Section 501(c)(3). Our mission is to close the racial and gender opportunity gap by empowering diverse founders to pursue entrepreneurship while providing resources and support to increase their odds of success.
Activities or mission (Part I)
The Arizona THERAPEUTIC Learning CENTER (AZTLC) provides a Founder-in-Residence program including direct and in-kind financial support, education, and leadership development.
-
AZTLC provides a Founder-in-Residence program including direct and in-kind financial support, education, and leadership development. Founders research, prototype, and test healthcare venture concepts to solve healthcare disparities through innovative, technology enabled solutions. During the program, Founders set a clear vision for their business plan, ensure a data-informed path towards product market fit, and manage an allocated budget for business building and validation.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Justin Bayless
President
- Total calculated
- $0
- Hours/week
- 10
-
Jason Wood
Director
- Total calculated
- $0
- Hours/week
- 1
-
Andy Lombard
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mark Moeremans
Managing Director start: 1/23
- Total calculated
- $0
- Hours/week
- 40
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431369349316948
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