Civic Intelligence

Stewardship Endowment Fund

990 • Fiscal year 2022 • EIN 36-4629406

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 07, 2023

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.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

3rd percentile

0.00x

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

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

80th percentile

29%

Higher net margin than 80% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

62nd percentile

4.4%

Faster asset growth than 62% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

87th percentile

53%

Faster revenue growth than 87% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Up

$47,139,512

Up $2,004,327 (+4.4%) from 2021

Net Assets

Up

$47,139,512

Up $2,004,327 (+4.4%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$6,876,380

Up $2,374,796 (+53%) from 2021

Expenses

Down

$4,872,053

Down $116,672 (-2.3%) from 2021

Net Income

Up

$2,004,327

Up $2,491,468 (+511%) from 2021

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

2022

Assets$47,139,512
Liabilities$0
Net Assets$47,139,512

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

2022

Revenue$6,876,380
Expenses$4,872,053
Net Income$2,004,327
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 7, 2023
Return Version
2021v4.0
Gross Receipts
$6,876,380
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$40,340,308$39,344,630▼ $995,678
Savings and Temporary Cash Investments$4,790,539$7,790,544▲ $3,000,005
Cash and Non-Interest-Bearing Accounts$4,338$4,338→ $0
Total Assets$45,135,185$47,139,512▲ $2,004,327
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$45,135,185$47,139,512▲ $2,004,327
Total Net Assets Fund Balance$45,135,185$47,139,512▲ $2,004,327
Total Liabilities and Net Assets / Fund Balance$45,135,185$47,139,512▲ $2,004,327

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$21,658,936$9,005,679$30,664,615
Land$16,370,740-$16,370,740
Leasehold Improvements$1,314,954$1,150,046$2,465,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Scott CleverlyChair
Archie WrightDirector
Kory SchuknechtDirector
Rick KratcheDirector
Mike DemossSecretary
David WilliamsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,947,578
Program Service Revenue
$1,928,802
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$2,004,327

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,876,380
Total Revenue per Audited Statements
$6,876,380
Total Revenue per Form 990
$6,876,380
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,872,053
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
Payments to Affiliates$3,375,403--$3,375,403
Depreciation Depletion$1,496,650--$1,496,650
Total Functional Expenses$4,872,053$0$0$4,872,053

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,872,053
Total Expenses per Audited Statements$4,872,053
Total Expenses per Form 990$4,872,053
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The board of directors reviews the form 990 before it is signed and submitted to the irs.

Form 990, Page 6, Part VI, Line 12C

The board of directors complete a conflict of interest form each year.

Form 990, Page 6, Part VI, Line 19

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
Scott Cleverly
Title
Chair
Phone
4805247200
Signed
2023-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Williams
Formed
2007
Legal Domicile
Az
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Jds Professional Group
Address
10303 E DRY CREEK RD STE 400, ENGLEWOOD, CO 80112
Preparer
Erin M Sparks CPA
Phone
3037710123
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

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 organizations 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, 2019 through 2021 are open to examination by federal authorities and for the years ended june 30 2018 through 2021 by state authorities.

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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 ORGANIZATIONS 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, 2019 THROUGH 2021 ARE OPEN TO EXAMINATION BY FEDERAL AUTHORITIES AND FOR THE YEARS ENDED JUNE 30 2018 THROUGH 2021 BY STATE AUTHORITIES.
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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.
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IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt029134240
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt1924482
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IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt3898577
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IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2FAIR VALUE
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IRS990/TotalFunctionalExpensesGrp/TotalAmt04872053
IRS990/TotalGrossUBIAmt00
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IRS990/TotalProgramServiceExpensesAmt04872053
IRS990/TotalProgramServiceRevenueAmt01928802
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06876380
IRS990/TotalVolunteersCnt06
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
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IRS990/USAddress/ZIPCd085260
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT CLEVERLY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum04805247200
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STEWARDSHIP ENDOWMENT FUND
ReturnHeader/Filer/BusinessNameControlTxt0STEW
ReturnHeader/Filer/EIN0364629406
ReturnHeader/Filer/PhoneNum04805247200
ReturnHeader/Filer/USAddress/AddressLine1Txt07601 E SHEA BOULEVARD

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