Civic Intelligence

Arizona Technology Council Foundation

990 • Fiscal year 2018 • EIN 20-1185167

Aug 01, 2017 to Jul 31, 2018 • Filed on Jun 14, 2019

2800 N Central Ave No 1530Phoenix, AZ 85004

(602) 343-8324

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

67th percentile

0.24x

Higher debt load relative to assets than 67% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

60th percentile

0.16x

Higher debt load relative to revenue than 60% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

71st percentile

14%

Higher net margin than 71% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

78th percentile

$125,723

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 10.9% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

89th percentile

40%

Faster asset growth than 89% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

89th percentile

57%

Faster revenue growth than 89% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$760,236

Up $216,586 (+40%) from 2017

Net Assets

Up

$576,817

Up $156,517 (+37%) from 2017

Liabilities

Up

$183,419

Up $60,069 (+49%) from 2017

Revenue

Up

$1,150,917

Up $417,581 (+57%) from 2017

Expenses

Up

$994,400

Up $265,656 (+36%) from 2017

Net Income

Up

$156,517

Up $151,925 (+3308%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $49,769Liabilities 2011: $10,783Net Assets 2011: $38,9862011Assets 2012: $98,465Liabilities 2012: $26,631Net Assets 2012: $71,8342012Assets 2013: $167,281Liabilities 2013: $463Net Assets 2013: $166,8182013Assets 2014: $287,019Liabilities 2014: $7,722Net Assets 2014: $279,2972014Assets 2015: $358,719Liabilities 2015: $10,870Net Assets 2015: $347,8492015Assets 2016: $505,448Liabilities 2016: $22,540Net Assets 2016: $482,9082016Assets 2017: $543,650Liabilities 2017: $123,350Net Assets 2017: $420,3002017Assets 2018: $760,236Liabilities 2018: $183,419Net Assets 2018: $576,8172018Assets 2019: $834,901Liabilities 2019: $223,207Net Assets 2019: $611,6942019Assets 2020: $705,110Liabilities 2020: $214,709Net Assets 2020: $490,4012020Assets 2021: $1,101,342Liabilities 2021: $409,856Net Assets 2021: $691,4862021Assets 2022: $987,067Liabilities 2022: $315,583Net Assets 2022: $671,4842022Assets 2023: $1,174,484Liabilities 2023: $308,703Net Assets 2023: $865,7812023Assets 2024: $1,092,574Liabilities 2024: $379,116Net Assets 2024: $713,4582024

Highlighted filing

2018

Assets$760,236
Liabilities$183,419
Net Assets$576,817

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2011: $254,1312011Expenses 2012: $343,8822012Expenses 2013: $362,3422013Revenue 2014: $413,167Expenses 2014: $300,688Net Income 2014: $112,4792014Revenue 2015: $460,891Expenses 2015: $392,339Net Income 2015: $68,5522015Revenue 2016: $619,176Expenses 2016: $484,117Net Income 2016: $135,0592016Revenue 2017: $733,336Expenses 2017: $728,744Net Income 2017: $4,5922017Revenue 2018: $1,150,917Expenses 2018: $994,400Net Income 2018: $156,5172018Revenue 2019: $1,293,310Expenses 2019: $1,275,879Net Income 2019: $17,4312019Revenue 2020: $1,073,805Expenses 2020: $1,195,098Net Income 2020: -$121,2932020Revenue 2021: $1,113,548Expenses 2021: $912,463Net Income 2021: $201,0852021Revenue 2022: $1,201,382Expenses 2022: $1,221,384Net Income 2022: -$20,0022022Revenue 2023: $1,789,237Expenses 2023: $1,599,905Net Income 2023: $189,3322023Revenue 2024: $1,723,853Expenses 2024: $1,876,176Net Income 2024: -$152,3232024

Highlighted filing

2018

Revenue$1,150,917
Expenses$994,400
Net Income$156,517
Jump To
Filing Snapshot
Filing Period
Aug 1, 2017 to Jul 31, 2018
Signed
Jun 14, 2019
Return Version
2017v2.3
Gross Receipts
$1,150,917
Mission and Program Overview

Mission

Working together to transform lives by providing everyone access to the world of possibilities in science, technology, engineering and mathematics (stem).

To provide non-profit, industry, and academia grants and awards to further promote and grow technology in arizona through the raising of funds, leadership, collaboration, and innovation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$465,635$714,710▲ $249,075
Accounts Receivable$77,273$42,007▼ $35,266
Land, Buildings, and Equipment, Net$742$3,519▲ $2,777
Total Assets$543,650$760,236▲ $216,586
Liabilities
Deferred Revenue$119,950$177,580▲ $57,630
Accounts Payable and Accrued Expenses$3,400$5,839▲ $2,439
Total Liabilities$123,350$183,419▲ $60,069
Net Assets / Fund Balance
Unrestricted Net Assets$63,420$354,413▲ $290,993
Temporarily Rstr Net Assets$346,880$212,404▼ $134,476
Permanently Rstr Net Assets$10,000$10,000→ $0
Total Net Assets Fund Balance$420,300$576,817▲ $156,517
Total Liabilities and Net Assets / Fund Balance$543,650$760,236▲ $216,586

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,519$1,558$5,077
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Jeremy BabendureExecutive DirectoryFT$125,723$125,723
Steven ZylstraPresident/CEO-$18,518$18,518

Board Members and Trustees

NameTitle
Robert WitwerChairman of the Board
Angie HarmonDirector
Ashley KellyDirector
Cara ShoupDirector
Diana McmahonDirector
Jeff UnruhDirector
Renee LevinDirector
Susan ShultzDirector
Quinn WilliamsSecretary
David AlbertyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,149,712
Program Service Revenue
$0
Investment Income
$1,205
Other Revenue
$0
All Other Contributions
$1,149,712
Change in Net Assets
$156,517
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$994,400
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$72,890$781-$73,671
Travel$54,633$1,399-$56,032
Office Expenses$45,352$3,078-$48,430
All Other Expenses$32,292$2,495-$34,787
Advertising$24,659$7,228-$31,887
Fees for Services Management$25,753--$25,753
Occupancy$17,942$1,688-$19,630
Other Expenses$44,376$19,618-$19,618
Information Technology$7,353--$7,353
Insurance-$3,403-$3,403
Total Functional Expenses$927,346$67,054$0$994,400
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A copy of the form 990 is provided to the governing body and reviewed by the president/ceo and board treasurer. Once all questions, if any, are resolved and the form 990 is accepted, the tax preparer is notified to finalize and file the tax return.

Form 990, Part VI, Section B, Line 12C

Annually, the officers and directors/trustees are required to disclose any conflicts or advise there are none.

Form 990, Part VI, Section C, Line 19

Governing documents are in the organization's bylaws and are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Arizona Technology Council Foundation
EIN
20-1185167
Phone
6023438324
Address
2800 N CENTRAL AVE NO 1530, PHOENIX, AZ 85004

Signing Officer

Name
Steven Zylstra
Title
President/CEO
Phone
6023438324
Signed
2019-06-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Zylstra
Formed
2004
Legal Domicile
Az
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
13

Preparer

Firm
Wallace Plese Dreher Llp
Address
500 N JUNIPER DRIVE SUITE 275, CHANDLER, AZ 85226
Preparer
Allison Lynn Dozbaba CPA
Phone
4803450500
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0156517
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01149712
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0732656
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0618390
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0457592
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0412399
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03370749
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01205
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0680
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0612
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0799
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0723
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04019
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0174
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02500
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt045
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02719
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.78720
IRS990ScheduleA/PublicSupportPY170Pct00.75160
IRS990ScheduleA/PublicSupportTotal170Amt02658899
IRS990ScheduleA/SubstantialContributorsTotAmt0711850
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01149712
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0732656
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0618390
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0457592
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0412399
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03370749
IRS990ScheduleA/TotalSupportAmt03377487
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt03519
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01558
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05077
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03519
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS PROVIDED TO THE GOVERNING BODY AND REVIEWED BY THE PRESIDENT/CEO AND BOARD TREASURER. ONCE ALL QUESTIONS, IF ANY, ARE RESOLVED AND THE FORM 990 IS ACCEPTED, THE TAX PREPARER IS NOTIFIED TO FINALIZE AND FILE THE TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY, THE OFFICERS AND DIRECTORS/TRUSTEES ARE REQUIRED TO DISCLOSE ANY CONFLICTS OR ADVISE THERE ARE NONE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE IN THE ORGANIZATION'S BYLAWS AND ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ARIZONA TECHNOLOGY COUNCIL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0860684848
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0AZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CONNECT, REPRESENT, AND SUPPORT ARIZONA'S EXPANDING TECHNOLOGY INDUSTRY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02800 N CENTRAL AVE SUITE 1530
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PHOENIX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0AZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd085004
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0140286
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL PAYMENTS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0ARIZONA TECHNOLOGY COUNCIL
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0O
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0AZ
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0346880
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0212404
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0543650
IRS990/TotalAssetsEOYAmt0760236
IRS990/TotalAssetsGrp/BOYAmt0543650
IRS990/TotalAssetsGrp/EOYAmt0760236
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01149712
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt067054
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0927346
IRS990/TotalFunctionalExpensesGrp/TotalAmt0994400
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0123350
IRS990/TotalLiabilitiesEOYAmt0183419
IRS990/TotalLiabilitiesGrp/BOYAmt0123350
IRS990/TotalLiabilitiesGrp/EOYAmt0183419
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0420300
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0576817
IRS990/TotalOtherCompensationAmt03955
IRS990/TotalProgramServiceExpensesAmt0927346
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01205
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01150917
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt013
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0543650
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0760236
IRS990/TotReportableCompRltdOrgAmt0140286
IRS990/TravelGrp/ManagementAndGeneralAmt01399
IRS990/TravelGrp/ProgramServicesAmt054633

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.09$0.38$0.71$1.72$1.88$0.15
2023Detailed filing. Detailed filing data is available for this year.$1.17$0.31$0.87$1.79$1.60$0.19
2022Detailed filing. Detailed filing data is available for this year.$0.99$0.32$0.67$1.20$1.22$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.10$0.41$0.69$1.11$0.91$0.20
2020Detailed filing. Detailed filing data is available for this year.$0.71$0.21$0.49$1.07$1.20$0.12
2019Detailed filing. Detailed filing data is available for this year.$0.83$0.22$0.61$1.29$1.28$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.76$0.18$0.58$1.15$0.99$0.16
2017Detailed filing. Detailed filing data is available for this year.$0.54$0.12$0.42$0.73$0.73$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.51$0.02$0.48$0.62$0.48$0.14
2015Summary only. Only limited summary data is available for this year.$0.36$0.01$0.35$0.46$0.39$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.29$0.01$0.28$0.41$0.30$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.00$0.17$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.03$0.07$0.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.01$0.04$0.25