The Thunderbirds
- Assets
- $44.4m
- Revenue
- $110.9m
- Investments
- $0.0
- Employees
- 197
- Location
- Phoenix, AZ
- Founding
- 11/1972
- Data as of
- 05/2023
- EIN
- 86-0373052
Organization Overview
The Thunderbirds is located in Phoenix, AZ. The organization was established in 1972. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 05/2023, Thunderbirds employed 197 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thunderbirds is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 05/2023, Thunderbirds generated $110.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $102.2m during the year ending 05/2023. While expenses have increased by 11.7% per year over the past 8 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, Thunderbirds has awarded 377 individual grants totaling $74,659,317. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE THUNDERBIRDS SHALL BE TO PUBLICIZE THE CITY OF PHOENIX, ARIZONA, (CONT'D SCHED O) AND THE PHOENIX METROPOLITAN AREA, BY SPONSORING ATHLETIC EVENTS AND BY PROVIDING FINANCIAL ASSISTANCE TO AMATEUR ATHLETES AND YOUTH-ORIENTED CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH THE GOAL TO PROMOTE THE PHOENIX METROPOLITAN AREA THROUGH SPORTS, THE THUNDERBIRDS PROMOTED AND PRODUCED THE WM PHOENIX OPEN GOLF TOURNAMENT TO RAISE MONEY FOR ARIZONA CHARITIES, MOST OF WHICH PROVIDE PROGRAMS THAT BENEFIT YOUTH. WASTE MANAGEMENT IS THE TITLE SPONSOR, AND THE TOURNAMENT IS HELD AT THE TPC SCOTTSDALE. THE TOURNAMENT GENERATED TOTAL REVENUES OF $110M WITH TOTAL EXPENSES OF $92M. RECENT BENEFICIARIES INCLUDE PHOENIX CHILDREN'S HOSPITAL, FIRST TEE OF PHOENIX, JR. GOLF ASSN. OF AZ, SPECIAL OLYMPICS AZ, SUN ANGEL FOUNDATION, ST. MARY'S FOOD BANK, ARIZONA COMMUNITY FOUNDATION, BANNER HEALTH FOUNDATION AND JR. GOLF ASSOCIATION OF AZ.
THE THUNDERBIRDS PROVIDED VOLUNTEERS AND OVER $6.67M SUPPORT FOR YOUTH AND FAMILY PROGRAMS AND OPEN RELATED SUPPORT OF $1.16M.
WE ALSO PROVIDED VOLUNTEERS AND $1.4M FOR HIGH SCHOOL AND AMATEUR ATHLETICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven C Cozby Executive Director | Officer | 38 | $572,435 |
Michelle Simpson CFO | Officer | 38 | $247,276 |
Cheryl C Hussey Tournament Chairmans Exec. Asst. | 40 | $138,200 | |
Cheryl R Ruggiero Thunderbirds Charities Coordinator | 10 | $139,718 | |
Laura L Moore Sales & Marketing Coordinator | 40 | $147,482 | |
John Willard Goff Event Manager | 40 | $135,115 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pro Em Operations Llc Tents, Security, Events | 5/30/23 | $13,711,401 |
Inproductions Inc Construction | 5/30/23 | $10,205,875 |
M Culinary Concepts Llc Catering | 5/30/23 | $6,816,068 |
Fairmont Scottsdale Princess Hotels, Food And Beverages | 5/30/23 | $2,748,771 |
Dream Studio Productions Llc Entertainment Production | 5/30/23 | $2,406,114 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $110,035,124 |
| Investment income | $349,230 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $473,064 |
| 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 | $110,857,418 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,251,464 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $940,929 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,435,140 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $644,501 |
| Payroll taxes | $190,864 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,946 |
| Fees for services: Accounting | $45,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $57,952 |
| Fees for services: Other | $4,945 |
| Advertising and promotion | $1,176,163 |
| Office expenses | $703,010 |
| Information technology | $396,421 |
| Royalties | $0 |
| Occupancy | $32,463 |
| Travel | $208,039 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $229,741 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $798,673 |
| Insurance | $694,727 |
| All other expenses | $3,276,450 |
| Total functional expenses | $102,211,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,933,821 |
| Savings and temporary cash investments | $9,434,298 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $720,304 |
| 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 | $422,409 |
| Net Land, buildings, and equipment | $4,737,287 |
| Investments—publicly traded securities | $19,115,726 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $44,363,845 |
| Accounts payable and accrued expenses | $4,347,856 |
| Grants payable | $5,693,306 |
| Deferred revenue | $1,620,106 |
| 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 | $11,661,268 |
| Net assets without donor restrictions | $32,702,577 |
| Net assets with donor restrictions | $0 |
| 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 | $44,363,845 |
Grants Awarded
Over the last fiscal year, The Thunderbirds has awarded $9,225,842 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
TESORI FAMILY FOUNDATION PURPOSE: HEALTH/HUMAN SERVICE | $6,000 |
VALLEY OF THE SUN UNITED WAY PURPOSE: COMMUNITY SERVICE | $5,632 |
KNIGHTS OF COLUMBUS COUNCIL #13779 PURPOSE: COMMUNITY SERVICE | $5,085 |
HUMAN SERVICES CAMPUS PURPOSE: HEALTH/HUMAN SERVICE | $6,500 |
I GOT THIS FOUNDATION PURPOSE: GROWTH OF GAME | $7,500 |
BENEVOLENT HEALTHCARE FOUNDATION PURPOSE: HEALTH/HUMAN SVCS | $7,160 |