Civic Intelligence

Vip Foundation Inc.

990 • Fiscal year 2023 • EIN 86-1438875

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 11, 2024

Organization Profilewww.vfheart.org
9221 E Via DE VenturaScottsdale, AZ 85258

(602) 430-4905

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

2nd percentile

-206%

Higher net margin than 2% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

41st percentile

$12,700

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 29.3% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

42nd percentile

1.5%

Faster asset growth than 42% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

28th percentile

-6.9%

Faster revenue growth than 28% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$1,144,441

Up $17,063 (+1.5%) from 2022

Net Assets

Up

$1,144,441

Up $17,063 (+1.5%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin2nd percentile

Revenue

Down

$43,352

Down $3,206 (-6.9%) from 2022

Expenses

Down

$132,470

Down $24,414 (-16%) from 2022

Net Income

Up

-$89,118

Up $21,208 (+19%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

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

$1.5M$1.0M$500K$0Assets 2021: $1,449,626Liabilities 2021: $0Net Assets 2021: $1,449,6262021Assets 2022: $1,127,378Liabilities 2022: $0Net Assets 2022: $1,127,3782022Assets 2023: $1,144,441Liabilities 2023: $0Net Assets 2023: $1,144,4412023Assets 2024: $1,197,626Liabilities 2024: $0Net Assets 2024: $1,197,6262024

Highlighted filing

2023

Assets$1,144,441
Liabilities$0
Net Assets$1,144,441
Open 2023 Filing

Operations Trend

Revenue Growth28th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2021: $1,510,310Expenses 2021: $76,129Net Income 2021: $1,434,1812021Revenue 2022: $46,558Expenses 2022: $156,884Net Income 2022: -$110,3262022Revenue 2023: $43,352Expenses 2023: $132,470Net Income 2023: -$89,1182023Revenue 2024: $69,316Expenses 2024: $109,337Net Income 2024: -$40,0212024

Highlighted filing

2023

Revenue$43,352
Expenses$132,470
Net Income-$89,118
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 11, 2024
Return Version
2023v5.0
Gross Receipts
$73,386
Mission and Program Overview

Mission

The VIP Foundation was founded for the passionate purpose of helping those less fortunate in many critically needed areas always with HEART (Hope, Embracing, Achieving, Raising, and Thriving).The Foundation supports multiple charitable activities in Arizona, with a focus on small to mid-size charities, and distributing resources across a wide spectrum of disciplines. Through financial growth, fundraising activity, and community involvement, the VIP Foundation hopes to impact the lives of those in need in many critical areas for many years.

The VIP Foundation was founded for the passionate purpose of helping those less fortunate in many critically needed areas always with HEART (Hope, Embracing, Achieving, Raising, and Thriving).

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$693,911$714,470▲ $20,559
Savings and Temporary Cash Investments$412,611$400,787▼ $11,824
Cash and Non-Interest-Bearing Accounts$20,856$23,066▲ $2,210
Inventories for Sale or Use-$6,118-
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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,127,378$1,144,441▲ $17,063
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,127,378$1,144,441▲ $17,063
Total Net Assets Fund Balance$1,127,378$1,144,441▲ $17,063
Total Liabilities and Net Assets / Fund Balance$1,127,378$1,144,441▲ $17,063
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Phil ShumwayExecutive DirectorPT$12,700$12,700

Board Members and Trustees

NameTitle
James D Barbour IiPresident
Keith TeegardinVice President
Dino CamunezDirector
Erick KilstromDirector
Jay RayDirector
Karen HoffmanDirector
Kent NielsonDirector
Mike JonesDirector
Ryan MadridDirector
Stuart CrawfordDirector
Veronica CaroDirector
Chris JanssenSecretary
Michael MetzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,457
Program Service Revenue
$0
Investment Income
$49,604
Other Revenue
$-16,709
All Other Contributions
$3,496
Change in Net Assets
$-89,118
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$98,020
Other Expenses$21,750
Salaries, Compensation, and Employee Benefits$12,700
Total Fundraising Expense$833
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$98,020--$98,020
Current Officers, Directors, Trustees, and Key Employees$5,203$6,939$558$12,700
Fees for Services Accounting$435$7,365-$7,800
Fees for Service Investment Mgmnt Fees-$7,050-$7,050
Insurance-$2,822-$2,822
Information Technology-$2,199-$2,199
Other Expenses$1,000--$1,000
Fees for Services Other-$604$275$879
Total Functional Expenses$104,658$26,979$833$132,470
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hawaii Community FoundationHonolulu, HI-Support mission$30,000
Phoenix Childrens Hospital FoPhoenix, AZ-Support mission$25,000
Lilys PadTempe, AZ-Support mission$15,000
Rise and Dream FoundationQueen Creek, AZ-Support mission$13,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$29,643
Fundraising Gross Income$12,475
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
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 A, Line 9

“Dino camunez5990 n 40th st, phoenix, az”

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

“Distribute to board members for review and approval”

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

“Quarterly updates and annual board meeting”

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

“Comparable wage review for executive director position”

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

“Comparable wage review for executive director position”

Form 990, Part VI, Section C, Line 19

“Corporate and financial statements available through foundation's lawyer and website”

Filing and Contact Details

Filer

Filer Name
Vip Foundation Inc
EIN
86-1438875
Phone
6024304905
Address
9221 E VIA DE VENTURA, SCOTTSDALE, AZ 85258

Signing Officer

Name
Phil Shumway
Title
Executive Director
Signed
2024-04-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phil Shumway
Formed
2020
Voting Board Members
13
Independent Board Members
1
Employees
0
Volunteers
100

Preparer

Firm
Metz & Associates PLLC
Address
950 W Indian School Rd, Phoenix, AZ 85013
Preparer
William Blake Markee
Phone
6029446353
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IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt06961
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The VIP Foundation was founded for the passionate purpose of helping those less fortunate in many critically needed areas always with HEART (Hope, Embracing, Achieving, Raising, and Thriving).The Foundation supports multiple charitable activities in Arizona, with a focus on small to mid-size charities, and distributing resources across a wide spectrum of disciplines. Through financial growth, fundraising activity, and community involvement, the VIP Foundation hopes to impact the lives of those in need in many critical areas for many years.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01127378
IRS990/NetAssetsOrFundBalancesEOYAmt01144441
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-17168
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-17168
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0459
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0459
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0106181
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01127378
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01144441
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0true
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0MATERIALS & SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt01000
IRS990/OtherExpensesGrp/TotalAmt01000
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0PHIL SHUMWAY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt019147
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0105500
IRS990/PYInvestmentIncomeAmt042568
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt027775
IRS990/PYOtherRevenueAmt0-15157
IRS990/PYRevenuesLessExpensesAmt0-110326
IRS990/PYSalariesCompEmpBnftPaidAmt023609
IRS990/PYTotalExpensesAmt0156884
IRS990/PYTotalRevenueAmt046558
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-89118
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0412611
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0400787
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt010457
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt019148
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01503218
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01532823
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt049604
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt042567
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06857
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt099028
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt01532823
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt010457
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt019148
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01503218
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01532823
IRS990ScheduleA/TotalSupportAmt01631851
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt030000
IRS990ScheduleI/RecipientTable/CashGrantAmt115000
IRS990ScheduleI/RecipientTable/CashGrantAmt225000
IRS990ScheduleI/RecipientTable/CashGrantAmt313000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Support mission
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Support mission
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Support mission
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Support mission
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Hawaii Community Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Lilys Pad
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Phoenix Childrens Hospital Fo
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Rise and Dream Foundation
IRS990ScheduleI/RecipientTable/RecipientEIN0990261283
IRS990ScheduleI/RecipientTable/RecipientEIN1842851755
IRS990ScheduleI/RecipientTable/RecipientEIN2742421549
IRS990ScheduleI/RecipientTable/RecipientEIN3830531174
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0827 Fort Street Mall
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11348 E Apache Blvd
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt22929 E Camelback Rd Ste 122
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt318521 E Queen Creek Rd Ste 10
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Honolulu
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Tempe
IRS990ScheduleI/RecipientTable/USAddress/CityNm2PHOENIX
IRS990ScheduleI/RecipientTable/USAddress/CityNm3QUEEN CREEK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0HI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1AZ
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2AZ
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3AZ
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd096813
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd185281
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd285016
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd385142
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0Actual Value
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1Actual Value
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc2Actual Value
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc3Actual Value
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Grants requests are submited via the website and evaluated by Executive Director and approved by Board Members. Grant approvals are focused on smaller charities where smaller grants may have huge impact. Follow on grants to the same organizations may be subsequently approved. Focused areas for grant requests are listed on the website.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt04
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,144,441
Liabilities
$0
Net assets
$1,144,441
Revenue
$43,352
Expenses
$132,470
Net income
-$89,118
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$0.07$0.11$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$0.04$0.13$0.09
2022Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$0.05$0.16$0.11
2021Detailed filing. Detailed filing data is available for this year.$1.45$0.00$1.45$1.51$0.08$1.43