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← ODOM FAMILY FOUNDATION C/O ARIZONA COMMUNITY FOUNDATION

Form 990 for tax year 2024

Filed by ODOM FAMILY FOUNDATION C/O ARIZONA COMMUNITY FOUNDATION.

Totals

Total revenue
$31,594
Total expenses
$7,520,571
Contributions and grants received
$0
Grants paid
$7,495,867
Program service revenue
$0
Investment income
$31,594
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$7,495,867
Management and general expenses
$24,704
Fundraising expenses
$0
Program service expenses (Part III)
$7,495,867

Program services were 99.7% 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.

  • 3 · Investment income

    total $20,377 · excluded $20,377

  • 7a · Gross sales of assets other than inventory

    securities $11,217

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $11,217

  • 7d · Net gain or loss

    total $11,217 · excluded $11,217

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,495,867 · program services $7,495,867

  • 11a · Fees: management

    total $15,960 · management and general $15,960

  • 11f · Fees: investment management

    total $8,744 · management and general $8,744

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $7,559,387 · end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 18 · Grants payable

    beginning of year $5,000

  • 27 · Net assets without donor restrictions

    beginning of year $7,554,388 · end of year $0

Mission and programs · 2024

Mission

TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE ARIZONA COMMUNITY FOUNDATION, AN AZ NONPROFIT CORPORATION, SO LONG AS THE ARIZONA COMMUNITY FOUNDATION, INC. REMAINS A QUALIFIED ORGANIZATION.

  • GRANTS TO CHARITABLE ORGANIZATIONS IN SUPPORT OF THE PURPOSES OF THE ARIZONA COMMUNITY FOUNDATION, INC.

    Expenses $7,495,867 · Grants $7,495,867

As filed on the 2024 return.

Listed in Part VII

  • THERESA ODOM GANN

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • WAYNE LOWE

    VICE CHAIR (THRU 5/16/24)

    Total calculated
    $0
    Hours/week
    1
  • KRISTEN MIJALJEVIC

    DIRECTOR (THRU 5/16/24)

    Total calculated
    $130,276
    From this org
    $0
    From related orgs
    $114,022
    Other
    $16,254
    Hours/week
    1 + 45 related
  • LARRY ODOM

    DIRECTOR (THRU 5/16/24)

    Total calculated
    $0
    Hours/week
    1
  • STEPHANIE HARRER

    SECRETARY AND TREASURER (THRU 5/16/24)

    Total calculated
    $148,982
    From this org
    $0
    From related orgs
    $140,083
    Other
    $8,899
    Hours/week
    1 + 45 related
  • ERIC NYSTROM

    DIRECTOR

    Total calculated
    $370,645
    From this org
    $0
    From related orgs
    $346,446
    Other
    $24,199
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $280,196 related
    Bonus
    $0 + $66,250 related
    Other
    $0
    Deferred
    $0 + $17,048 related
    Nontaxable benefits
    $0 + $7,151 related
    Filer's total
    $0 + $370,645 related
  • ANNA MARIA CHAVEZ

    PRESIDENT (NON-VOTING)

    Total calculated
    $594,442
    From this org
    $0
    From related orgs
    $572,586
    Other
    $21,856
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $510,086 related
    Bonus
    $0 + $62,500 related
    Other
    $0
    Deferred
    $0 + $20,700 related
    Nontaxable benefits
    $0 + $1,156 related
    Filer's total
    $0 + $594,442 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

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUST (19)

    INVESTMENT · AZ

  • CHARITABLE LEAD TRUST (2)

    INVESTMENT · AZ

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2024
Filed
3 June 2025
IRS schema version
2024v5.1
Source object
202521639349301407

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