Totals
- Total revenue
- $1,679,763
- Total expenses
- $747,821
- Contributions and grants received
- $1,449,350
- Grants paid
- $46,700
- Program service revenue
- $155,240
- Investment income
- $74,827
- Other revenue
- $346
- Total assets, end of year
- $5,140,316
- Total liabilities, end of year
- $2,253,467
- Net assets or fund balances, end of year
- $2,886,849
- Program services expenses (Part IX)
- $660,486
- Management and general expenses
- $62,884
- Fundraising expenses
- $24,451
- Program service expenses (Part III)
- $660,486
Program services were 88.3% 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
$1,449,350
-
2a · Program service revenue: LOAN INTEREST INCOME
total $116,075 · related or exempt $116,075
-
2b · Program service revenue: FEE INCOME
total $39,165 · related or exempt $39,165
-
3 · Investment income
total $74,827 · related or exempt $74,827
-
11a · Other revenue: OTHER INCOME
total $346 · related or exempt $346
-
11e · Other revenue, total
$346
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $25,000 · program services $25,000
-
2 · Grants to domestic individuals
total $21,700 · program services $21,700
-
11a · Fees: management
total $314,944 · program services $266,042 · management and general $24,451 · fundraising $24,451
-
11b · Fees: legal
total $18,000 · management and general $18,000
-
11c · Fees: accounting
total $3,638 · management and general $3,638
-
11g · Fees: other
total $54,000 · program services $54,000
-
12 · Advertising and promotion
total $11,401 · program services $4,806 · management and general $6,595
-
13 · Office expenses
total $77,595 · program services $77,595
-
17 · Travel
total $33,930 · program services $33,930
-
20 · Interest
total $49,381 · program services $49,381
-
24a · Other expenses: CONSULTING
total $100,650 · program services $90,450 · management and general $10,200
-
24b · Other expenses: BAD DEBT EXPENSE
total $21,948 · program services $21,948
-
24c · Other expenses: SERVICE FEE EXPENSE
total $15,634 · program services $15,634
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $668,335 · end of year $902,304
-
2 · Savings and temporary cash investments
beginning of year $2,053,102 · end of year $1,540,433
-
3 · Pledges and grants receivable
beginning of year $13,213 · end of year $0
-
4 · Accounts receivable
beginning of year $8,520 · end of year $13,469
-
7 · Other notes and loans receivable
beginning of year $1,467,980 · end of year $2,484,110
-
9 · Prepaid expenses and deferred charges
end of year $200,000
-
17 · Accounts payable and accrued expenses
beginning of year $39,342 · end of year $229,125
-
24 · Unsecured notes and loans payable
beginning of year $2,070,000 · end of year $1,820,000
-
25 · Other liabilities
beginning of year $203,563 · end of year $204,342
-
27 · Net assets without donor restrictions
beginning of year $1,898,245 · end of year $2,886,849
Mission and programs · 2023
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 $660,486 · Grants $46,700 · Revenue $230,413
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Evelyn CasugaEVELYN CASUGA
CHAIR
- Total calculated
- $800
- From this org
- $0
- From related orgs
- $800
- Other
- $0
- Hours/week
- 1 + 1 related
-
Gary MolendaGARY MOLENDA
VICE CHAIR
- Total calculated
- $325,516
- From this org
- $0
- From related orgs
- $255,471
- Other
- $70,045
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $154,014 related
- Bonus
- $0 + $7,800 related
- Other
- $0 + $93,657 related
- Deferred
- $0 + $11,858 related
- Nontaxable benefits
- $0 + $58,187 related
- Filer's total
- $0 + $325,516 related
-
Peggy HutchisonPEGGY HUTCHISON
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Magdalena VerdugoMAGDALENA VERDUGO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Roxanne VelizROXANNE VELIZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Judy ScaliseJUDY SCALISE
DIRECTOR
- Total calculated
- $1,100
- From this org
- $0
- From related orgs
- $1,100
- Other
- $0
- Hours/week
- 1 + 1 related
-
Mike HammondMIKE HAMMOND
DIRECTOR
- Total calculated
- $950
- From this org
- $0
- From related orgs
- $950
- Other
- $0
- Hours/week
- 1 + 1 related
-
Andre T WhittingtonANDRE T WHITTINGTON
EXECUTIVE DIRECTOR
- Total calculated
- $122,258
- From this org
- $107,524
- From related orgs
- $0
- Other
- $14,734
- Hours/week
- 40
-
Lesli PintorLESLI PINTOR
FORMER EXECUTIVE DIRECTOR
- Total calculated
- $1,335
- From this org
- $1,335
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
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
-
$15,000
SMALL BUSINESS PITCH COMPETITION
-
$10,000
SMALL BUSINESS PITCH COMPETITION.
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.
-
501(C)(4) · NON-PROFIT · AZ
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 August 2025
- IRS schema version
- 2023v6.0
- Source object
- 202512269349303131
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