Desert Financial Foundation

Organization Overview

Desert Financial Foundation is located in Phoenix, AZ. The organization was established in 2016. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, 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. Desert Financial 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 12/2022, Desert Financial Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Desert Financial Foundation has awarded 34 individual grants totaling $2,834,810. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE THE FINANCIAL HEALTH OF OUR COMMUNITY THROUGH EDUCATION, SCHOLARSHIPS, GRANTS TO NON-PROFIT PROGRAMS, AND FUNDRAISING EFFORTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS ARE AWARDED TO STUDENTS DISPLAYING LEADERSHIP THROUGH COMMUNITY SERVICE, ACADEMIC EXCELLENCE, AND DEMONSTRATED FINANCIAL NEED. SCHOLARSHIPS RANGE FROM $2,500 TO $10,000 FOR GRADUATING HIGH SCHOOL SENIORS AND ADULT LEARNERS (NON-TRADITONAL STUDENTS) ATTENDING 2-OR 4-YEAR COLLEGES OR UNIVERSITIES IN THE STATE OF ARIZONA. SCHOLARSHIPS ARE ALSO AWARDED TO LOW-INCOME HIGH SCHOOL AND COLLEGE PURSING CERTIFICATIONS THROUGH CAREER AND TECHNICAL EDUCATION PROGRAMS TO COVER PROGRAM AND CERIFICATION FEES, AS WELL AS EQUIPMENT AND SUPPLIES REQUIRED FOR THEIR PROGAMS.


DESERT FINANCIAL FOUNDATION IS THE PRIMARY FINANCIAL SUPPORTER OF THE ONE DARN COOL SCHOOL OF PHOENIX CHILDREN'S HOSPITAL. CHILDRAN RECEIVING SERVICES AT THE HOSPITAL ARE ABLE TO CONTINUE WITH THEIR EDUCATION AND RECEIVE SUPPORT TO TRANSITION SUCCESSFULLY BACK TO THEIR HOME SCHOOL.


EMPLOYEE EMERGENCY ASSISTANCE & GENERAL FUND - THE FOUNDATION OPERATES AN EMERGENCY FUND FOR INDIVIDUALS FACING A VERIFIABLE FINANCIAL HARDSHIP AS A RESULT OF SERIOUS ILLNESS OR INJURY, VIOLENT CRIME, MILITARY DEPOLYMENT, DEATH, TERRORIST OR MILITARY ACTION, AN ACCIDENT INVOLVING A COMMON CARRIER, OR A FEDERALLY DECLARED DISASTER.


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Board, Officers & Key Employees

Name (title)Compensation
Cathleen Graham
Director
$0
Janet Bioletto
Director
$0
Jeffrey Meshey
Vice Chair
$0
Justin Crowder
Director
$0
Rondle Amstutz
Secretary
$0
Sara Regan
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$491,303
Related organizations$275,546
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$323,340
Noncash contributions included in lines 1a–1f $79,322
Total Revenue from Contributions, Gifts, Grants & Similar$1,090,189
Total Program Service Revenue$0
Investment income $0
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 $1,090,189

Grants Awarded

Over the last fiscal year, Desert Financial Foundation has awarded $947,620 in support to 10 organizations.

Grant RecipientAmount

ARIZONA STATE UNIVERSITY

PURPOSE: SCHOLARSHIPS

$84,250

PHOENIX CHILDREN'S HOSPITAL FOUNDATION

PURPOSE: 2022 PHOENIX CHILDREN'S FUNDRAISING

$706,870

EAST VALLEY INSTITUTE OF TECHNOLOGY EDUCATION FOUNDATION INC

PURPOSE: SCHOLARSHIPS

$15,000

NORTHERN ARIZONA UNIVERSITY

PURPOSE: SCHOLARSHIPS

$16,500

YAVAPAI COLLEGE FOUNDATION INC

PURPOSE: SCHOLARSHIPS

$15,000

GRAND CANYON UNIVERSITY

PURPOSE: SCHOLARSHIPS

$42,500
View Grant Profile

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