Civic Intelligence

Stewardship Endowment Fund

990 • Fiscal year 2019 • EIN 36-4629406

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 24, 2020

7601 E Shea BoulevardScottsdale, AZ 85260

(480) 524-7200

Siviq Scores

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

Liabilities / Assets

3rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

3rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

97th percentile

83%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

$42,857,498

No earlier filing loaded for comparison.

Net Assets

$42,857,498

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$9,070,245

No earlier filing loaded for comparison.

Expenses

$1,514,600

No earlier filing loaded for comparison.

Net Income

$7,555,645

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2019: $42,857,498Liabilities 2019: $0Net Assets 2019: $42,857,4982019Assets 2020: $45,622,326Liabilities 2020: $0Net Assets 2020: $45,622,3262020Assets 2021: $45,135,185Liabilities 2021: $0Net Assets 2021: $45,135,1852021Assets 2022: $47,139,512Liabilities 2022: $0Net Assets 2022: $47,139,5122022Assets 2023: $60,961,633Liabilities 2023: $4,577,016Net Assets 2023: $56,384,6172023Assets 2024: $73,532,327Liabilities 2024: $4,604,885Net Assets 2024: $68,927,4422024Assets 2025: $70,113,847Liabilities 2025: $75,000Net Assets 2025: $70,038,8472025

Highlighted filing

2019

Assets$42,857,498
Liabilities$0
Net Assets$42,857,498

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2019: $9,070,245Expenses 2019: $1,514,600Net Income 2019: $7,555,6452019Revenue 2020: $5,622,391Expenses 2020: $2,857,563Net Income 2020: $2,764,8282020Revenue 2021: $4,501,584Expenses 2021: $4,988,725Net Income 2021: -$487,1412021Revenue 2022: $6,876,380Expenses 2022: $4,872,053Net Income 2022: $2,004,3272022Revenue 2023: $13,197,112Expenses 2023: $3,952,007Net Income 2023: $9,245,1052023Revenue 2024: $18,621,964Expenses 2024: $6,079,139Net Income 2024: $12,542,8252024Revenue 2025: $10,084,226Expenses 2025: $8,970,821Net Income 2025: $1,113,4052025

Highlighted filing

2019

Revenue$9,070,245
Expenses$1,514,600
Net Income$7,555,645
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 24, 2020
Return Version
2018v3.1
Gross Receipts
$9,070,245
Mission and Program Overview

Mission

Supporting organization for another 501(c)(3) organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$34,724,114$41,064,515▲ $6,340,401
Savings and Temporary Cash Investments$1,556,473$1,570,698▲ $14,225
Accounts Receivable-$112,250-
Cash and Non-Interest-Bearing Accounts$11,036$110,035▲ $98,999
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$36,291,623$42,857,498▲ $6,565,875
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$989,770--
Total Liabilities$989,770$0▼ $989,770
Net Assets / Fund Balance
Unrestricted Net Assets$35,301,853$42,857,498▲ $7,555,645
Total Net Assets Fund Balance$35,301,853$42,857,498▲ $7,555,645
Total Liabilities and Net Assets / Fund Balance$36,291,623$42,857,498▲ $6,565,875

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$22,993,040$5,221,339$28,214,379
Land$14,638,933-$14,638,933
Leasehold Improvements$3,432,542$482,458$3,915,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ron ErikssonPresident
David DickersonDirector
Kory SchuknechtDirector
Scott EdwardsDirector
Mike DeMossSecretary
Michael TookerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,604,770
Program Service Revenue
$465,000
Investment Income
$475
Other Revenue
$0
All Other Contributions
$8,604,770
Change in Net Assets
$7,555,645

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other1$7,635,000Appraisal
Other Non Cash Contri Table1$969,770Fair value
Total Noncash Contributions2$8,604,770-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,514,600
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
Depreciation Depletion$1,294,600--$1,294,600
Other Expenses$220,000--$220,000
Total Functional Expenses$1,514,600$0$0$1,514,600
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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, Line 11B: Form 990 Review Process

The Board of Directors reviews the Form 990 before it is signed and submitted to the IRS.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The Board of Directors complete a conflict of interest form each year.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, policies and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Stewardship Endowment Fund
EIN
36-4629406
Phone
4805247200
Address
7601 E Shea Boulevard, Scottsdale, AZ 85260

Signing Officer

Name
Ron Eriksson
Title
President
Signed
2020-01-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ron Eriksson
Formed
2007
Legal Domicile
Az
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
5

Preparer

Firm
Romek Sanders & Co
Address
1640 SOUTH STAPLEY DRIVE SUITE 126, MESA, AZ 85204
Preparer
Vicki Sanders
Phone
4808205041
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization is exempt from income taxes under Internal Revenue Code Section 501(c)(3) and applicable Arizona Statutes. Therefore, no provision or liability for income taxes has been included in the financial statements. There was no unrelated business income for the year. Contributions to the Organization are tax deductible within the limitations described by the Code.The Organization has adopted the provisions of FASB ASC Topic 740, Accounting for Income Taxes. This standard clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribes a recognition threshold for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. The implementation of this standard had no impact on the Organization's financial statements. The Organization's income tax returns are subject to review and examination by federal and state authorities. The tax returns for the years ended June 30, 2016 through 2018 are open to examination by federal authorities and for the years edded June 30, 2015 through 2018 by state authorities.

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IRS990ScheduleD/BuildingsGrp/BookValueAmt022993040
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05221339
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt028214379
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt014638933
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt014638933
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03432542
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0482458
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03915000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from income taxes under Internal Revenue Code Section 501(c)(3) and applicable Arizona Statutes. Therefore, no provision or liability for income taxes has been included in the financial statements. There was no unrelated business income for the year. Contributions to the Organization are tax deductible within the limitations described by the Code.The Organization has adopted the provisions of FASB ASC Topic 740, Accounting for Income Taxes. This standard clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribes a recognition threshold for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. The implementation of this standard had no impact on the Organization's financial statements. The Organization's income tax returns are subject to review and examination by federal and state authorities. The tax returns for the years ended June 30, 2016 through 2018 are open to examination by federal authorities and for the years edded June 30, 2015 through 2018 by state authorities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt041064515
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Forgiveness of debt
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0Fair value
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0969770
IRS990ScheduleM/RealEstateOtherGrp/ContributionCnt01
IRS990ScheduleM/RealEstateOtherGrp/MethodOfDeterminingRevenuesTxt0Appraisal
IRS990ScheduleM/RealEstateOtherGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateOtherGrp/NoncashContributionsRptF990Amt07635000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board of Directors reviews the Form 990 before it is signed and submitted to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors complete a conflict of interest form each year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents, policies and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0Stewardship Endowment Fund Inc
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1Stewardship Endowment Fund
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt2Stewardship Endowment Fund
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt07601 E Shea Blvd LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt12501 E Cactus LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt26363 E Dynamite LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt038130682
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt11095923
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt27651333
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0AZ
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1AZ
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd2AZ
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0Own real and personal property
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1Own real and personal property
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt2Own real and personal property
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0240024
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt181000
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt2144000
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt07601 E Shea Blvd
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt17601 E Shea Bvld
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt26363 E Dynamite Blvd
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0Scottsdale
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1Scottsdale
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm2Scottsdale
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IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1AZ
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Scottsdale Bible Church
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0860179808
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0AZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Church
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt07601 E Shea Blvd
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Scottsdale
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0AZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd085260
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0220000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1465000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Fair value
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Fair value
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Scottsdale Bible Church
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Scottsdale Bible Church
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