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Nonprofiteer
← GROWTH PARTNERS ARIZONA

Form 990 for tax year 2022

Filed by GROWTH PARTNERS ARIZONA.

Totals

Total revenue
$1,039,218
Total expenses
$594,101
Contributions and grants received
$909,450
Grants paid
$0
Program service revenue
$100,356
Investment income
$29,412
Other revenue
$0
Total assets, end of year
$4,211,150
Total liabilities, end of year
$2,312,905
Net assets or fund balances, end of year
$1,898,245
Program services expenses (Part IX)
$531,666
Management and general expenses
$39,955
Fundraising expenses
$22,480
Program service expenses (Part III)
$531,666

Program services were 89.5% 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

    $909,450

  • 2a · Program service revenue: LOAN INTEREST INCOME

    total $84,197 · related or exempt $84,197

  • 2b · Program service revenue: FEE INCOME

    total $16,159 · related or exempt $16,159

  • 3 · Investment income

    total $29,412 · related or exempt $29,412

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $249,836 · program services $204,645 · management and general $22,711 · fundraising $22,480

  • 11c · Fees: accounting

    total $3,465 · management and general $3,465

  • 12 · Advertising and promotion

    total $16,085 · program services $12,506 · management and general $3,579

  • 13 · Office expenses

    total $168,334 · program services $168,334

  • 17 · Travel

    total $25,260 · program services $25,260

  • 20 · Interest

    total $42,835 · program services $42,835

  • 24a · Other expenses: CONSULTING

    total $76,533 · program services $66,333 · management and general $10,200

  • 24b · Other expenses: SERVICE FEE EXPENSE

    total $11,753 · program services $11,753

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $528,943 · end of year $668,335

  • 2 · Savings and temporary cash investments

    beginning of year $1,750,896 · end of year $2,053,102

  • 3 · Pledges and grants receivable

    beginning of year $5,000 · end of year $13,213

  • 4 · Accounts receivable

    beginning of year $7,092 · end of year $8,520

  • 7 · Other notes and loans receivable

    beginning of year $1,151,333 · end of year $1,467,980

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,349 · end of year $39,342

  • 24 · Unsecured notes and loans payable

    beginning of year $1,750,000 · end of year $2,070,000

  • 25 · Other liabilities

    beginning of year $208,787 · end of year $203,563

  • 27 · Net assets without donor restrictions

    beginning of year $1,453,128 · end of year $1,898,245

Mission and programs · 2022

Mission

GROWTH PARTNERS ARIZONA IS A U.S. TREASURY DEPARTMENT- CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION WITH A MISSION TO PROVIDE ACCESSIBLE, FAIR, AND RESPONSIBLE LOANS AND SUPPORT TO ARIZONA NONPROFITS AND ECONOMICALLY UNDERSERVED SMALL BUSINESSES OUTSIDE THE ECONOMIC MAINSTREAM.

  • GROWTH PARTNERS ARIZONA IS A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) THAT PROVIDES ACCESSIBLE, FAIR, AND RESPONSIBLE LOANS AND SUPPORT TO ARIZONA NONPROFITS AND ECONOMICALLY UNDERSERVED SMALL BUSINESSES OUTSIDE THE ECONOMIC MAINSTREAM. GPAZ ASSISTS NONPROFIT LEADERS AND SMALL BUSINESS OWNERS GAIN THE OPERATIONAL RESOURCES AND BUSINESS GUIDANCE THEY NEED TO IMPROVE THE LIVES AND ECONOMIC WELLBEING OF ARIZONA RESIDENTS.

    Expenses $531,666 · Revenue $129,768

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

Listed in Part VII

  • Evelyn Casuga

    CHAIR

    Total calculated
    $1,100
    From this org
    $0
    From related orgs
    $1,100
    Other
    $0
    Hours/week
    1

  • Gary Molenda

    VICE CHAIR

    Total calculated
    $347,667
    From this org
    $0
    From related orgs
    $298,885
    Other
    $48,782
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,248 related
    Bonus
    $0 + $7,800 related
    Other
    $0 + $105,837 related
    Deferred
    $0 + $23,646 related
    Nontaxable benefits
    $0 + $25,136 related
    Filer's total
    $0 + $347,667 related

  • Peggy Hutchison

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Magdalena Verdugo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roxanne Veliz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Judie Scalise

    DIRECTOR

    Total calculated
    $1,100
    From this org
    $0
    From related orgs
    $1,100
    Other
    $0
    Hours/week
    1

  • Mike Hammond

    DIRECTOR

    Total calculated
    $950
    From this org
    $0
    From related orgs
    $950
    Other
    $0
    Hours/week
    1

  • Andre T Whittington

    EXECUTIVE DIRECTOR

    Total calculated
    $17,607
    From this org
    $13,200
    From related orgs
    $0
    Other
    $4,407
    Hours/week
    40

  • Lesli Pintor

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $66,309
    From this org
    $54,064
    From related orgs
    $0
    Other
    $12,245
    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. 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

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
31 July 2024
IRS schema version
2022v5.0
Source object
202402219349300620

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