Arizona Community Foundation
- Assets
- $1.1b
- Revenue
- $211.7m
- Investments
- $87.4m
- Employees
- 92
- Location
- Phoenix, AZ
- Founding
- 08/1981
- Data as of
- 03/2022
- EIN
- 86-0348306
Organization Overview
Arizona Community Foundation is located in Phoenix, AZ. The organization was established in 1981. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 03/2023, Arizona Community Foundation employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arizona Community 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 03/2022, Arizona Community Foundation generated $211.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $97.9m during the year ending 03/2022. While expenses have increased by 7.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Arizona Community Foundation has awarded 8,757 individual grants totaling $430,230,760. 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
TO LEAD, SERVE AND COLLABORATE TO MOBILIZE ENDURING PHILANTHROPY FOR A BETTER ARIZONA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE TRADITION OF COMMUNITY FOUNDATIONS EVERYWHERE, EACH YEAR ACF AWARDS MILLIONS OF DOLLARS IN GRANTS/DISTRIBUTIONS TO NONPROFIT ORGANIZATIONS, GOVERNMENT AGENCIES AND EDUCATIONAL INSTITUTIONS. GRANTS COVER A WIDE RANGE OF FOCUS AREAS INCLUDING ARTS, CULTURE AND HUMANITIES; COMMUNITY, NEIGHBORHOOD AND ECONOMIC DEVELOPMENT; EDUCATION AND SCHOLARSHIPS; HEALTH AND HUMAN SERVICES; ENVIRONMENT AND SPECIES PROTECTION; LAW, JUSTICE AND PUBLIC SAFETY; AND SCIENTIFIC RESEARCH. WHILE MOST GRANTS ARE MADE IN ARIZONA TO SERVE LOCAL COMMUNITY NEEDS, GRANTS MAY BE MADE NATIONALLY AS WELL FOR THE BETTERMENT OF OUR NATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Seleznow President And CEO (thru 2/3/23) | OfficerTrustee | 45 | $658,433 |
Neil Hiller Director | Trustee | 1 | $0 |
Gwen Calhoun Director | Trustee | 1 | $0 |
Charley Freericks Director | Trustee | 1 | $0 |
Ann Melsheimer Director | Trustee | 1 | $0 |
Jacob Moore Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ami Nagle & Associates Inc Program Coordination | 3/30/23 | $2,547,741 |
Bank Of America Na (Merrill) Investment Management/broker Fees | 3/30/23 | $879,139 |
Mercer Consulting Investment Consulting Services | 3/30/23 | $412,110 |
Northern Trust Custody Fees/broker Fees | 3/30/23 | $374,801 |
Smith & Connors Website Design | 3/30/23 | $313,038 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $720,725 |
| Related organizations | $2,253,788 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $148,866,850 |
| Noncash contributions included in lines 1a–1f | $35,375,433 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $151,841,363 |
| Total Program Service Revenue | $4,309,251 |
| Investment income | $15,636,815 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $217,239 |
| Net Rental Income | $425,773 |
| Net Gain/Loss on Asset Sales | $39,379,638 |
| Net Income from Fundraising Events | -$212,526 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $211,703,650 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $71,640,746 |
| Grants and other assistance to domestic individuals. | $5,274,170 |
| Grants and other assistance to Foreign Orgs/Individuals | $303,557 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,804,627 |
| Compensation of current officers, directors, key employees. | $763,273 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,995,342 |
| Pension plan accruals and contributions | $342,883 |
| Other employee benefits | $532,160 |
| Payroll taxes | $434,552 |
| Fees for services: Management | $2,488 |
| Fees for services: Legal | $75,418 |
| Fees for services: Accounting | $132,650 |
| Fees for services: Lobbying | $57,400 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,166,297 |
| Fees for services: Other | $5,817,690 |
| Advertising and promotion | $419,690 |
| Office expenses | $883,596 |
| Information technology | $871,284 |
| Royalties | $0 |
| Occupancy | $804,268 |
| Travel | $37,355 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,681 |
| Interest | $53,358 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $330,399 |
| Insurance | $117,690 |
| All other expenses | $26,169 |
| Total functional expenses | $97,894,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,918,877 |
| Savings and temporary cash investments | $46,407,321 |
| Pledges and grants receivable | $20,901,526 |
| Accounts receivable, net | $41,201 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,974,650 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $294,495 |
| Net Land, buildings, and equipment | $1,101,185 |
| Investments—publicly traded securities | $881,397,936 |
| Investments—other securities | $87,350,307 |
| Investments—program-related | $3,678,180 |
| Intangible assets | $0 |
| Other assets | $6,334 |
| Total assets | $1,066,072,012 |
| Accounts payable and accrued expenses | $3,851,898 |
| Grants payable | $20,029,091 |
| Deferred revenue | $285,299 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $138,451,760 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,710,812 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,162,865 |
| Total liabilities | $180,491,725 |
| Net assets without donor restrictions | $861,761,692 |
| Net assets with donor restrictions | $23,818,595 |
| 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 | $1,066,072,012 |
Grants Awarded
Over the last fiscal year, Arizona Community Foundation has awarded $67,915,294 in support to 1,128 organizations.
| Grant Recipient | Amount |
|---|---|
100 CLUB OF ARIZONA PURPOSE: GENERAL SUPPORT | $18,250 |
1MISSION PURPOSE: GENERAL SUPPORT | $10,000 |
1N10 INC PURPOSE: GENERAL SUPPORT | $89,500 |
4TH TRIMESTER ARIZONA PURPOSE: GENERAL SUPPORT | $20,000 |
ABILITY360 PURPOSE: GENERAL SUPPORT | $165,034 |
ACCELERATE GROUP INC PURPOSE: GENERAL SUPPORT | $12,000 |