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Nonprofiteer
← ARIZONA THERAPEUTIC LEARNING CENTER

Form 990 for tax year 2023

Filed by ARIZONA THERAPEUTIC LEARNING CENTER.

Totals

Total revenue
$2,139,815
Total expenses
$1,375,770
Contributions and grants received
$2,128,087
Grants paid
$0
Program service revenue
$0
Investment income
$47,689
Other revenue
-$35,961
Total assets, end of year
$1,515,160
Total liabilities, end of year
$121,442
Net assets or fund balances, end of year
$1,393,718
Program services expenses (Part IX)
$531,827
Management and general expenses
$429,592
Fundraising expenses
$414,351
Program service expenses (Part III)
$531,827

Program services were 38.7% 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.

  • 1c · Fundraising events

    $100

  • 1f · All other contributions, gifts and grants

    $2,127,987

  • 1g · Noncash contributions included above

    $120,074

  • 3 · Investment income

    total $47,689 · excluded $47,689

  • 6a · Gross rents

    real property $61,626

  • 6b · Less rental expenses

    real property $108,318

  • 6c · Rental income or loss

    real property -$46,692

  • 6d · Net rental income or loss

    total -$46,692 · excluded -$46,692

  • 8a · Fundraising events: gross income

    $28,780

  • 8a · Fundraising events: contributions included on line 1c

    $100

  • 8b · Fundraising events: direct expenses

    $20,138

  • 8c · Net income from fundraising events

    total $8,642 · excluded $8,642

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $2,089 · excluded $2,089

  • 11e · Other revenue, total

    $2,089

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $143,709 · program services $143,709

  • 7 · Other salaries and wages

    total $509,744 · program services $131,906 · management and general $185,223 · fundraising $192,615

  • 9 · Other employee benefits

    total $3,832 · program services $1,010 · management and general $1,383 · fundraising $1,439

  • 10 · Payroll taxes

    total $49,892 · program services $21,083 · management and general $14,118 · fundraising $14,691

  • 11b · Fees: legal

    total $43,898 · management and general $43,898

  • 11c · Fees: accounting

    total $16,358 · management and general $16,358

  • 11g · Fees: other

    total $227,141 · program services $89,239 · management and general $11,593 · fundraising $126,309

  • 12 · Advertising and promotion

    total $4,923 · program services $4,923

  • 13 · Office expenses

    total $6,558 · management and general $6,558

  • 14 · Information technology

    total $23,695 · program services $4,583 · management and general $12,581 · fundraising $6,531

  • 16 · Occupancy

    total $205,776 · program services $116,244 · management and general $45,081 · fundraising $44,451

  • 17 · Travel

    total $72,190 · program services $8,437 · management and general $63,753

  • 19 · Conferences, conventions and meetings

    total $19,895 · management and general $5,895 · fundraising $14,000

  • 22 · Depreciation, depletion and amortization

    total $26,049 · program services $6,865 · management and general $9,401 · fundraising $9,783

  • 23 · Insurance

    total $3,774 · management and general $3,774

  • 24a · Other expenses: CLOTHING

    total $6,371 · program services $1,679 · management and general $2,299 · fundraising $2,393

  • 24b · Other expenses: BOOKS AND SUBSCRIPTIONS

    total $5,281 · management and general $5,281

  • 24c · Other expenses: EQUIPMENT RENTAL

    total $3,962 · program services $1,044 · management and general $1,430 · fundraising $1,488

  • 24d · Other expenses: GIFTS

    total $2,434 · program services $1,105 · management and general $678 · fundraising $651

  • 24e · All other expenses

    total $288 · management and general $288

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $137,617 · end of year $418,634

  • 4 · Accounts receivable

    beginning of year $3,369 · end of year $3,603

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,116 · end of year $9,865

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

    $247,261

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

    $26,595

  • 10c · Land, buildings and equipment, net

    beginning of year $3,155 · end of year $220,666

  • 12 · Investments: other securities

    beginning of year $502,747 · end of year $717,102

  • 15 · Other assets

    beginning of year $0 · end of year $145,290

  • 17 · Accounts payable and accrued expenses

    end of year $5,620

  • 25 · Other liabilities

    beginning of year $3,834 · end of year $115,822

  • 27 · Net assets without donor restrictions

    beginning of year $645,170 · end of year $1,393,718

Mission and programs · 2023

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).

Activities or mission (Part I)

THE ORGANIZATION'S MISSION IS TO CLOSE THE HEALTHCARE INNOVATION GAP BY EMPOWERING ENTREPRENEURS WITH RESOURCES AND CAPITAL TO HELP THEM SUCCEED.

  • 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.

    Expenses $531,827

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

Listed in Part VII

  • Justin Bayless

    PRESIDENT

    Total calculated
    $80,723
    From this org
    $80,723
    From related orgs
    $0
    Other
    $0
    Hours/week
    32

  • Heidi Jannenga

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Ashok Santhanam

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Dr Michael White

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Jason Wood

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

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
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202521339349301577

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