Charro Foundation
- Assets
- $5.2m
- Revenue
- $771.9k
- Investments
- $4.8m
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 09/1988
- Data as of
- 06/2022
- EIN
- 51-0168210
Organization Overview
Charro Foundation is located in Scottsdale, AZ. The organization was established in 1988. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charro Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Charro Foundation generated $771.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charro Foundation has awarded 46 individual grants totaling $846,660. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT CHARITABLE & EDUCATIONAL PURPOSES OF SCOTTSDALE CHARROS, INC. BY PROVIDING GRANTS TO QUALIFIED RECIPIENTS. THIS INCLUDES SCHOOLS AND INDIVIDUALS INTERESTED IN TEACHING AND OTHER 501(C)3 COMMUNITY ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS LOCAL ORGANIZATIONS - DISTRIBUTION OF FUNDS TO SECTION 501(C)3 ORGANIZATIONS AND OTHER QUALIFIED ORGANIZATIONS WHO AGREE TO SUPPORT EDUCATION IN THE SCOTTSDALE COMMUNITY AND TO FURTHER THE GENERAL WELFARE OF THE CITY OF SCOTTSDALE, ARIZONA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raoul Zubia Director | Trustee | 1 | $0 |
Mark Bramlett Director | Trustee | 1 | $0 |
John Arnold Director | Trustee | 1 | $0 |
Jim Lane Director | Trustee | 1 | $0 |
Kurt Brueckner Director | Trustee | 1 | $0 |
Rick Carpinelli Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $427,968 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $427,968 |
| Total Program Service Revenue | $0 |
| Investment income | $343,886 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $771,854 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $477,239 |
| Grants and other assistance to domestic individuals. | $53,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,110 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $799 |
| Total functional expenses | $1,757,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $315,259 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,844,780 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,161,539 |
| Accounts payable and accrued expenses | $25,241 |
| Grants payable | $6,076 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $31,317 |
| Net assets without donor restrictions | $5,111,722 |
| Net assets with donor restrictions | $18,500 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,161,539 |
Grants Awarded
Over the last fiscal year, Charro Foundation has awarded $165,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUBS OF GREATER PURPOSE: EDUCATION | $10,000 |
ALS ASSOCIATION OF AZ PURPOSE: CIVIC | $10,000 |
FAMILY PROMISE - GREATER PHOE PURPOSE: CIVIC | $15,000 |
HEALTH WORLD ARIZONA-HORSENSE PURPOSE: EDUCATION | $20,000 |
MIRACLE LEAGUE OF ARIZONA PURPOSE: CIVIC | $10,000 |
JUNIOR ACHIEVEMENT OF ARIZONA PURPOSE: EDUCATION | $10,000 |