Civic Intelligence

Brophy Community Foundation

990 • Fiscal year 2025 • EIN 86-0929111

Jul 01, 2024 to Jun 30, 2025 • Filed on Dec 01, 2025

Refreshing map…

4701 North Central AvenuePhoenix, AZ 85012

(602) 264-5291

Siviq Scores

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

Liabilities / Assets

76th percentile

0.46x

Higher debt load relative to assets than 76% of similar nonprofits.

2025 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

85th percentile

1.19x

Higher debt load relative to revenue than 85% of similar nonprofits.

2025 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

72nd percentile

17%

Higher net margin than 72% of similar nonprofits.

2025 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

20th percentile

$100,000

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2025 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

86th percentile

21%

Faster asset growth than 86% of similar nonprofits.

2025 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

69th percentile

16%

Faster revenue growth than 69% of similar nonprofits.

2025 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Up

$24,153,818

Up $4,151,288 (+21%) from 2024

Net Assets

Up

$13,138,908

Up $1,581,258 (+14%) from 2024

Liabilities

Up

$11,014,910

Up $2,570,030 (+30%) from 2024

Revenue

Up

$9,276,285

Up $1,254,074 (+16%) from 2024

Expenses

Up

$7,695,027

Up $2,671,596 (+53%) from 2024

Net Income

Down

$1,581,258

Down $1,417,522 (-47%) from 2024

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2011: $5,275,086Liabilities 2011: $3,873,453Net Assets 2011: $1,401,6332011Assets 2012: $5,535,466Liabilities 2012: $6,976,299Net Assets 2012: -$1,440,8332012Assets 2013: $6,321,357Liabilities 2013: $6,903,198Net Assets 2013: -$581,8412013Assets 2014: $6,532,856Liabilities 2014: $8,418,875Net Assets 2014: -$1,886,0192014Assets 2015: $7,888,421Liabilities 2015: $8,337,309Net Assets 2015: -$448,8882015Assets 2016: $9,232,327Liabilities 2016: $7,382,445Net Assets 2016: $1,849,8822016Assets 2017: $10,265,616Liabilities 2017: $8,701,527Net Assets 2017: $1,564,0892017Assets 2018: $11,076,851Liabilities 2018: $8,327,010Net Assets 2018: $2,749,8412018Assets 2019: $17,012,602Liabilities 2019: $11,099,725Net Assets 2019: $5,912,8772019Assets 2020: $17,698,490Liabilities 2020: $10,845,848Net Assets 2020: $6,852,6422020Assets 2021: $17,908,705Liabilities 2021: $13,426,817Net Assets 2021: $4,481,8882021Assets 2022: $21,931,888Liabilities 2022: $15,678,126Net Assets 2022: $6,253,7622022Assets 2023: $22,958,554Liabilities 2023: $14,399,684Net Assets 2023: $8,558,8702023Assets 2024: $20,002,530Liabilities 2024: $8,444,880Net Assets 2024: $11,557,6502024Assets 2025: $24,153,818Liabilities 2025: $11,014,910Net Assets 2025: $13,138,9082025

Highlighted filing

2025

Assets$24,153,818
Liabilities$11,014,910
Net Assets$13,138,908

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $2,413,139Expenses 2011: $1,837,756Net Income 2011: $575,3832011Revenue 2012: $2,936,128Expenses 2012: $5,411,336Net Income 2012: -$2,475,2082012Revenue 2013: $3,782,102Expenses 2013: $2,923,110Net Income 2013: $858,9922013Revenue 2014: $4,190,563Expenses 2014: $5,494,741Net Income 2014: -$1,304,1782014Revenue 2015: $5,854,160Expenses 2015: $4,417,029Net Income 2015: $1,437,1312015Revenue 2016: $6,289,948Expenses 2016: $3,991,178Net Income 2016: $2,298,7702016Revenue 2017: $6,209,480Expenses 2017: $6,497,280Net Income 2017: -$287,8002017Revenue 2018: $6,491,155Expenses 2018: $5,303,394Net Income 2018: $1,187,7612018Revenue 2019: $12,206,235Expenses 2019: $9,161,777Net Income 2019: $3,044,4582019Revenue 2020: $9,436,405Expenses 2020: $8,469,702Net Income 2020: $966,7032020Revenue 2021: $9,062,464Expenses 2021: $11,433,218Net Income 2021: -$2,370,7542021Revenue 2022: $12,402,402Expenses 2022: $10,630,528Net Income 2022: $1,771,8742022Revenue 2023: $10,259,881Expenses 2023: $7,954,773Net Income 2023: $2,305,1082023Revenue 2024: $8,022,211Expenses 2024: $5,023,431Net Income 2024: $2,998,7802024Revenue 2025: $9,276,285Expenses 2025: $7,695,027Net Income 2025: $1,581,2582025

Highlighted filing

2025

Revenue$9,276,285
Expenses$7,695,027
Net Income$1,581,258
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 1, 2025
Return Version
2024v5.2
Gross Receipts
$9,276,285
Mission and Program Overview

Mission

The mission of the brophy community foundation, one of arizona's earliest school tuition organizations, is to raise and distribute funds for arizona families with a verified financial need and make private k-12 education affordable and accessible.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$20,002,270$11,322,276▼ $8,679,994
Investments in Publicly Traded Securities-$11,176,990-
Cash and Non-Interest-Bearing Accounts$1$1,047,945▲ $1,047,944
Prepaid Expenses and Deferred Charges-$259-
Accounts Receivable-$0-
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$20,002,530$24,153,818▲ $4,151,288
Other Assets Total$259$606,348▲ $606,089
Liabilities
Grants Payable$8,424,575$10,794,415▲ $2,369,840
Accounts Payable and Accrued Expenses$20,305$220,495▲ $200,190
Total Liabilities$8,444,880$11,014,910▲ $2,570,030
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,557,650$13,138,908▲ $1,581,258
Total Net Assets Fund Balance$11,557,650$13,138,908▲ $1,581,258
Total Liabilities and Net Assets / Fund Balance$20,002,530$24,153,818▲ $4,151,288
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dawn KennedyExecutive DirecFT$100,000$100,000

Board Members and Trustees

NameTitle
Bob RyanPresident
Barbara MeaneyDirector
Carrie HallDirector
Craig WilliamsDirector
John MusilDirector
Nelson De Los SantosDirector
Steve BarelaDirector
Ted ChurchillDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$8,010,809
Program Service Revenue
$0
Investment Income
$1,265,476
Other Revenue
$0
All Other Contributions
$8,010,809
Change in Net Assets
$1,581,258

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,276,285
Total Revenue per Audited Statements
$9,276,285
Total Revenue per Form 990
$9,276,285
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$7,211,831
Salaries, Compensation, and Employee Benefits$287,802
Other Expenses$195,394
Total Fundraising Expense$146,401
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$7,211,831--$7,211,831
Other Salaries and Wages$59,641$14,327$30,700$104,668
Current Officers, Directors, Trustees, and Key Employees$100,000--$100,000
Office Expenses$243$11,031$49,001$60,275
Other Employee Benefits$44,936$4,033$8,711$57,680
Fees for Services Accounting-$41,325-$41,325
Advertising--$37,483$37,483
Payroll Taxes$12,549$1,126$2,433$16,108
Insurance-$13,833-$13,833
Information Technology-$9,184$3,061$12,245
Pension Plan Contributions$7,282$653$1,411$9,346
Occupancy$5,220$1,740$1,740$8,700
Other Expenses$310$975$2,649$975
Total Functional Expenses$7,442,763$105,863$146,401$7,695,027

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,695,027
Total Expenses per Audited Statements$7,695,027
Total Expenses per Form 990$7,695,027
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
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
Yes
Other officer compensation reviewed
Yes
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

The 990 form and related schedules are reviewed by separate directors before signing. The board of directors are subsequently given a copy at the next regularly scheduled meeting for their records.

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

Each director and officer must sign a statement annually that affirms that such person has received a copy of the conflict of interest policy, that they have read & understand the policy, that they agree to comply with the policy, & that they will notify the organization if there was a material change to their responses to the statement during the year.

Form 990, Part VI, Section B, Line 15A

The executive directors salary is reviewed by the president of the foundation. After that review is completed for the current year, a revised salary is documented in their personnel file for the current amount. The executive directors salary and other employee salaries are based on comparable ones within the market.

Form 990, Part VI, Section C, Line 19

The foundation makes available for review the financial statements, the state of arizona department of revenue reports along with the state corporation filings. On the foundation website there is a statement notifying constituents that reports are available upon request. If we have had a request for documents, the foundation has provided them.

Filing and Contact Details

Filer

Filer Name
Brophy Community Foundation
EIN
86-0929111
Phone
6022645291
Address
4701 NORTH CENTRAL AVENUE, PHOENIX, AZ 85012

Signing Officer

Name
Dawn Kennedy
Title
Executive Director
Signed
2025-12-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dawn Kennedy
Formed
1998
Legal Domicile
Az
Voting Board Members
9
Independent Board Members
8
Employees
0

Preparer

Firm
Tull Forsberg & Olson PLC
Address
5225 N Central Ave Suite 220, Phoenix, AZ 85012
Preparer
Mitchell Robinaugh
Phone
6022775447
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Foundation follows the provisions of the Income Taxes topic of the FASB Accounting Standards Codification when accounting for uncertainty in income taxes. The Foundation believes it has no uncertain tax positions that qualify for either recognition or disclosure.

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IRS990/MissionDesc0THE MISSION OF THE BROPHY COMMUNITY FOUNDATION, ONE OF ARIZONA'S EARLIEST SCHOOL TUITION ORGANIZATIONS, IS TO RAISE AND DISTRIBUTE FUNDS FOR ARIZONA FAMILIES WITH A VERIFIED FINANCIAL NEED AND MAKE PRIVATE K-12 EDUCATION AFFORDABLE AND ACCESSIBLE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt011557650
IRS990/NetAssetsOrFundBalancesEOYAmt013138908
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt011557650
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt013138908
IRS990/NoncashContributionsAmt08700
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt01740
IRS990/OccupancyGrp/ManagementAndGeneralAmt01740
IRS990/OccupancyGrp/ProgramServicesAmt05220
IRS990/OccupancyGrp/TotalAmt08700
IRS990/OfficeExpensesGrp/FundraisingAmt049001
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011031
IRS990/OfficeExpensesGrp/ProgramServicesAmt0243
IRS990/OfficeExpensesGrp/TotalAmt060275
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0259
IRS990/OtherAssetsTotalGrp/EOYAmt0606348
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt08711
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04033
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt044936
IRS990/OtherEmployeeBenefitsGrp/TotalAmt057680
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1Printing and Publications
IRS990/OtherExpensesGrp/Desc2Postage and Shipping
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt02838
IRS990/OtherExpensesGrp/FundraisingAmt16374
IRS990/OtherExpensesGrp/FundraisingAmt22649
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07054
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1374
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2208
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3975
IRS990/OtherExpensesGrp/ProgramServicesAmt0751
IRS990/OtherExpensesGrp/ProgramServicesAmt1310
IRS990/OtherExpensesGrp/TotalAmt09892
IRS990/OtherExpensesGrp/TotalAmt17499
IRS990/OtherExpensesGrp/TotalAmt23167
IRS990/OtherExpensesGrp/TotalAmt3975
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt030700
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt014327
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt059641
IRS990/OtherSalariesAndWagesGrp/TotalAmt0104668
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt02433
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01126
IRS990/PayrollTaxesGrp/ProgramServicesAmt012549
IRS990/PayrollTaxesGrp/TotalAmt016108
IRS990/PensionPlanContributionsGrp/FundraisingAmt01411
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0653
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt07282
IRS990/PensionPlanContributionsGrp/TotalAmt09346
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0259
IRS990/PrincipalOfficerNm0DAWN KENNEDY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt07009679
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt04524288
IRS990/PYInvestmentIncomeAmt01012532
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0217031
IRS990/PYRevenuesLessExpensesAmt02998780
IRS990/PYSalariesCompEmpBnftPaidAmt0282112
IRS990/PYTotalExpensesAmt05023431
IRS990/PYTotalRevenueAmt08022211
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01581258
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt08010809
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt020002270
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011322276
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt08010809
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt07009679
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt09814642
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt012383736
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt09021011
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt046239877
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01265476
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01012532
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0445239
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt018666
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt041452
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02783365
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.81370
IRS990ScheduleA/PublicSupportPY170Pct00.78710
IRS990ScheduleA/PublicSupportTotal170Amt039888132
IRS990ScheduleA/SubstantialContributorsTotAmt06351745
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt08010809
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt07009679
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt09814642
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt012383736
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt09021011
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt046239877
IRS990ScheduleA/TotalSupportAmt049023242
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt07695027
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt09276285
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation follows the provisions of the Income Taxes topic of the FASB Accounting Standards Codification when accounting for uncertainty in income taxes. The Foundation believes it has no uncertain tax positions that qualify for either recognition or disclosure.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalExpensesPerForm990Amt07695027
IRS990ScheduleD/TotalRevenuePerForm990Amt09276285
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09276285
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07695027
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0GRANTS MADE TO STUDENTS WITH NEED
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0SCHOLARSHIP AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01642
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION AWARDS GRANTS TO STUDENTS ATTENDING QUALIFIED K THRU 12 PRIVATE ARIZONA SCHOOLS. THE STUDENT'S FAMILY SUBMITS AN APPLICATION TO THE FOUNDATION BY COMPLETING A NEED BASED APPLICATION THAT PROVIDES BOTH INFORMATION ABOUT THE DEMOGRAPHICS OF THE FAMILY AND ITS FINANCIAL INFORMATION. IN ADDITION TO THE APPLICATION MATERIALS, CURRENT TAX RETURNS, SUPPORTING DOCUMENTS, AND CURRENT PAY STUBS ARE REQUIRED. A CONSISTENT ANALYSIS IS COMPLETED ON ALL APPLICATIONS BY A THIRD PARTY WITH THE PARAMETERS OF THE BUREAU OF LABOR STATISTICS BEING USED. IF ANALYSIS SHOWS A NEED AFTER THE PARAMETERS ARE APPLIED, AN AWARD IS MADE. AT THE SAME TIME, THE FOUNDATION VERIFIES WITH THE SCHOOL OF ATTENDANCE OF THE STUDENT AND THAT IT QUALIFIES AS A K THRU 12 PRIVATE ARIZONA SCHOOL. THE GRANTS ARE THEN APPROVED BY THE FOUNDATION BOARD, AND A CHECK IS SENT IN THE NAME OF THE SCHOOL SO THAT IT CAN BE APPLIED TO THE STUDENTS TUITION BALANCE. THE FAMILY'S APPLICATION, ANALYSIS, VERIFICATION OF STUDENT STATUS, AND CHECK COPIES ARE MAINTAINED BY THE FOUNDATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Additional Supplemental Information
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 FORM AND RELATED SCHEDULES ARE REVIEWED BY SEPARATE DIRECTORS BEFORE SIGNING. THE BOARD OF DIRECTORS ARE SUBSEQUENTLY GIVEN A COPY AT THE NEXT REGULARLY SCHEDULED MEETING FOR THEIR RECORDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH DIRECTOR AND OFFICER MUST SIGN A STATEMENT ANNUALLY THAT AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, THAT THEY HAVE READ & UNDERSTAND THE POLICY, THAT THEY AGREE TO COMPLY WITH THE POLICY, & THAT THEY WILL NOTIFY THE ORGANIZATION IF THERE WAS A MATERIAL CHANGE TO THEIR RESPONSES TO THE STATEMENT DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTORS SALARY IS REVIEWED BY THE PRESIDENT OF THE FOUNDATION. AFTER THAT REVIEW IS COMPLETED FOR THE CURRENT YEAR, A REVISED SALARY IS DOCUMENTED IN THEIR PERSONNEL FILE FOR THE CURRENT AMOUNT. THE EXECUTIVE DIRECTORS SALARY AND OTHER EMPLOYEE SALARIES ARE BASED ON COMPARABLE ONES WITHIN THE MARKET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION MAKES AVAILABLE FOR REVIEW THE FINANCIAL STATEMENTS, THE STATE OF ARIZONA DEPARTMENT OF REVENUE REPORTS ALONG WITH THE STATE CORPORATION FILINGS. ON THE FOUNDATION WEBSITE THERE IS A STATEMENT NOTIFYING CONSTITUENTS THAT REPORTS ARE AVAILABLE UPON REQUEST. IF WE HAVE HAD A REQUEST FOR DOCUMENTS, THE FOUNDATION HAS PROVIDED THEM.
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 B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt020002530
IRS990/TotalAssetsEOYAmt024153818
IRS990/TotalAssetsGrp/BOYAmt020002530
IRS990/TotalAssetsGrp/EOYAmt024153818
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt08010809
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0146401
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0105863
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07442763
IRS990/TotalFunctionalExpensesGrp/TotalAmt07695027
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08444880

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$24.2$11.0$13.1$9.28$7.70$1.58
2024Summary only. Only limited summary data is available for this year.$20.0$8.44$11.6$8.02$5.02$3.00
2023Summary only. Only limited summary data is available for this year.$23.0$14.4$8.56$10.3$7.95$2.31
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.9$15.7$6.25$12.4$10.6$1.77
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.9$13.4$4.48$9.06$11.4$2.37
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.7$10.8$6.85$9.44$8.47$0.97
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.0$11.1$5.91$12.2$9.16$3.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.1$8.33$2.75$6.49$5.30$1.19
2017Summary only. Only limited summary data is available for this year.$10.3$8.70$1.56$6.21$6.50$0.29
2016Summary only. Only limited summary data is available for this year.$9.23$7.38$1.85$6.29$3.99$2.30
2015Summary only. Only limited summary data is available for this year.$7.89$8.34$0.45$5.85$4.42$1.44
2014Summary only. Only limited summary data is available for this year.$6.53$8.42$1.89$4.19$5.49$1.30
2013Summary only. Only limited summary data is available for this year.$6.32$6.90$0.58$3.78$2.92$0.86
2012Summary only. Only limited summary data is available for this year.$5.54$6.98$1.44$2.94$5.41$2.48
2011Summary only. Only limited summary data is available for this year.$5.28$3.87$1.40$2.41$1.84$0.58
Peer Organizations

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