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Nonprofiteer
← GREATER PHOENIX CHAMBER FOUNDATION

Form 990 for tax year 2022

Filed by GREATER PHOENIX CHAMBER FOUNDATION.

Totals

Total revenue
$4,300,750
Total expenses
$3,624,935
Contributions and grants received
$3,830,798
Grants paid
$0
Program service revenue
$202,328
Investment income
$2,794
Other revenue
$264,830
Total assets, end of year
$2,799,947
Total liabilities, end of year
$642,618
Net assets or fund balances, end of year
$2,157,329
Program services expenses (Part IX)
$3,281,746
Management and general expenses
$40,734
Fundraising expenses
$302,455
Program service expenses (Part III)
$3,281,746

Program services were 90.5% 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

    $3,830,798

  • 2a · Program service revenue: CONSULTING

    total $104,733 · related or exempt $104,733

  • 2b · Program service revenue: PROGRAMS AND EVENTS

    total $97,595 · related or exempt $60,995 · excluded $36,600

  • 3 · Investment income

    total $2,794 · excluded $2,794

  • 11a · Other revenue: EMPLOYEE RET. CREDIT

    total $264,830 · excluded $264,830

  • 11e · Other revenue, total

    $264,830

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $289,991 · program services $284,190 · fundraising $5,801

  • 7 · Other salaries and wages

    total $1,263,925 · program services $1,227,195 · fundraising $36,730

  • 8 · Pension plan contributions

    total $27,241 · program services $26,435 · fundraising $806

  • 9 · Other employee benefits

    total $64,325 · program services $62,578 · fundraising $1,747

  • 10 · Payroll taxes

    total $123,733 · program services $120,380 · fundraising $3,353

  • 11c · Fees: accounting

    total $26,257 · management and general $26,257

  • 11e · Fees: professional fundraising services

    total $25,200 · fundraising $25,200

  • 11g · Fees: other

    total $207,604 · program services $207,604

  • 12 · Advertising and promotion

    total $886,069 · program services $879,086 · management and general $6,983

  • 13 · Office expenses

    total $22,672 · program services $20,477 · management and general $170 · fundraising $2,025

  • 14 · Information technology

    total $51,031 · program services $51,031

  • 16 · Occupancy

    total $134,706 · program services $133,095 · fundraising $1,611

  • 17 · Travel

    total $39,436 · program services $38,951 · management and general $485

  • 19 · Conferences, conventions and meetings

    total $233,761 · program services $10,791 · fundraising $222,970

  • 22 · Depreciation, depletion and amortization

    total $65,420 · program services $64,683 · fundraising $737

  • 23 · Insurance

    total $9,111 · program services $9,002 · fundraising $109

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $114,240 · program services $112,874 · fundraising $1,366

  • 24b · Other expenses: PROGRAM DEVELOPMENT

    total $33,374 · program services $33,374

  • 24c · Other expenses: DONATIONS AND SPONS.

    total $6,750 · management and general $6,750

  • 24d · Other expenses: LICENSES AND FEES

    total $89 · management and general $89

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $680,151 · end of year $659,536

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $162,057

  • 3 · Pledges and grants receivable

    beginning of year $1,074,843 · end of year $798,000

  • 4 · Accounts receivable

    beginning of year $0 · end of year $1,079,113

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,307 · end of year $25,540

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

    $75,701

  • 10c · Land, buildings and equipment, net

    beginning of year $6,172 · end of year $75,701

  • 17 · Accounts payable and accrued expenses

    beginning of year $161,720 · end of year $314,177

  • 19 · Deferred revenue

    beginning of year $21,688 · end of year $9,795

  • 25 · Other liabilities

    beginning of year $53,051 · end of year $318,646

  • 27 · Net assets without donor restrictions

    beginning of year $143,659 · end of year $411,448

  • 28 · Net assets with donor restrictions

    beginning of year $1,390,355 · end of year $1,745,881

Mission and programs · 2022

Mission

GREATER PHOENIX CHAMBER FOUNDATION (GPCF), A 501(C)(3) NONPROFIT ORGANIZATION, LEADS THE CHARITABLE AND EDUCATION INITIATIVES OF THE GREATER PHOENIX CHAMBER UNDER THE FOUR PILLARS OF EDUCATION, WORKFORCE DEVELOPMENT, WELLNESS, AND RESEARCH. 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. IN ADDITION, THE FOUNDATION MAKES ARIZONA AND THE GREATER PHOENIX REGION KNOWN AS DESTINATIONS FOR HEALTHY TALENT AND HEALTHY COMMUNITIES THROUGH WORKPLACE WELLNESS EFFORTS AND PUBLISHES DATA-DRIVEN RESEARCH TO INFORM POLICYMAKERS, BUSINESS LEADERS, AND THE GENERAL PUBLIC.

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 PREPARES INDIVIDUALS FOR COLLEGE AND CAREER THROUGH STRONGER ALIGNMENT BETWEEN EDUCATION, BUSINESS, AND THE COMMUNITY. ELEVATEEDAZ TRANSFORMS EDUCATION THROUGH THE FOLLOWING OBJECTIVES: INCREASE THE NUMBER OF STUDENTS COMPLETING HIGH-WAGE, HIGH-DEMAND CAREER PATHWAYS THROUGH STRONGER PATHWAY ARTICULATION AND CAREER AWARENESS ACTIVITIES. INCREASE ATTAINMENT OF INDUSTRY-RECOGNIZED CREDENTIALS AND EARLY POSTSECONDARY CREDIT BY REMOVING BARRIERS TO DUAL ENROLLMENT AND INCENTIVIZING STUDENTS AND TEACHERS FOR IMPROVED OUTCOMES. PROVIDE MORE STUDENTS WITH WORK-BASED LEARNING EXPERIENCES BY APPLYING ACADEMICS THROUGH INTERNSHIPS AND JOB SHADOWS AND EMPOWER EDUCATORS TO REIMAGINE CLASSROOM LEARNING THROUGH EDUCATOR EXTERNSHIPS WHERE TEACHERS LEARN SKILL SETS FROM THE INDUSTRY.

    Expenses $1,764,059 · Revenue $104,733

  • WORKFORCE DEVELOPMENT: IN AN EFFORT TO PROMOTE PROSPERITY, GPCF FOCUSES ON WORKFORCE DEVELOPMENT. GPCF SERVES AS A LINK BETWEEN INDUSTRY AND EDUCATION, ASSISTING COMPANIES IN ADDRESSING GROWING WORKFORCE NEEDS AND PROVIDING PEOPLE ACCESS TO QUALITY CAREER OPPORTUNITIES. GPCF CONVENES FIVE EMPLOYER-LED WORKFORCE COLLABORATIVES IN THE AREAS OF CONSTRUCTION, CYBERSECURITY, HEALTH CARE, ADVANCED MANUFACTURING, AND IT TO BUILD MORE ROBUST TALENT PIPELINES. IN TOTAL, THE WORKFORCE COLLABORATIVES ENGAGE WITH OVER 200 ARIZONA EMPLOYERS, EMPHASIZING ENHANCED CAREER AWARENESS, IMPROVED EDUCATIONAL ALIGNMENT, AND NEW OPPORTUNITIES FOR WORKPLACE LEARNING. DURING THE PAST YEAR, GPCF LAUNCHED CONNECT TO WORK AZ TO INCREASE ECONOMIC MOBILITY THROUGH CAREER OPPORTUNITIES. THROUGH OUR JOBS-FIRST WORKFORCE APPROACH, WE COLLABORATE WITH EMPLOYERS TO IDENTIFY HIRING NEEDS AND DEVELOP CAREER PATHWAYS. THEN, WE CONNECT QUALIFIED UNEMPLOYED AND UNDEREMPLOYED CANDIDATES DIRECTLY TO HIRING MANAGERS, IMPACTING ECONOMIC MOBILITY IN PHOENIX'S HISTORICALLY UNDERSERVED COMMUNITIES.

    Expenses $1,504,739 · Revenue $60,995

  • 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 $12,948

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

Listed in Part VII

  • Todd Sanders

    PRESIDENT & CEO

    Total calculated
    $415,123
    From this org
    $100,464
    From related orgs
    $301,393
    Other
    $13,266
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $72,187 + $216,562 related
    Bonus
    $28,277 + $84,831 related
    Other
    $0
    Deferred
    $3,316 + $9,950 related
    Nontaxable benefits
    $0
    Filer's total
    $103,780 + $311,343 related

  • Jennifer Mellor

    CHIEF INNOVATION OFFICER

    Total calculated
    $193,403
    From this org
    $167,331
    From related orgs
    $18,592
    Other
    $7,480
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $122,331 + $13,592 related
    Bonus
    $45,000 + $5,000 related
    Other
    $0
    Deferred
    $6,192 + $688 related
    Nontaxable benefits
    $540 + $60 related
    Filer's total
    $174,063 + $19,340 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

  • Phillip Huhta

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jay Kaprosy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Grenee Martacho

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • 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

  • Lona Teague

    VP OF FINANCE & OPERATIONS

    Total calculated
    $127,913
    From this org
    $55,326
    From related orgs
    $67,621
    Other
    $4,966
    Hours/week
    18 + 22 related

  • Janelle Tassart

    VP, CORP. DEV. & STRAT. INV.

    Total calculated
    $119,456
    From this org
    $11,472
    From related orgs
    $103,246
    Other
    $4,738
    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
2022
Filed
21 February 2024
IRS schema version
2022v5.0
Source object
202410539349300711

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