Thunderbirds Charities
- Assets
- $6.6m
- Revenue
- $8.1m
- Investments
- $3.5k
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 01/1990
- Data as of
- 05/2023
- EIN
- 86-0560664
Organization Overview
Thunderbirds Charities is located in Phoenix, AZ. The organization was established in 1990. 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. Thunderbirds Charities 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 05/2023, Thunderbirds Charities generated $8.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $7.9m during the year ending 05/2023. While expenses have increased by 2.0% 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 Charities has awarded 1,241 individual grants totaling $63,404,978. 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 THUNDERBIRDS CHARITIES CORPORATION CONDUCTS BUSINESS IN THE STATE OF ARIZONA (CONT'D SCH O) SERVING AS THE HOST ORGANIZATION FOR THE PGA TOUR EVENT THAT IS CONDUCTED ANNUALLY IN THE PHOENIX METROPOLITAN AREA, AND THROUGH DONATIONS TO ARIZONA BASED ORGANIZATIONS, PROVIDING ASSISTANCE TO FAMILIES, CHILDREN, AND OTHERS IN NEED AND IMPROVING THE OVERALL QUALITY OF LIFE OF ARIZONA'S COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ADDITION TO THE CONTRIBUTIONS THE ORGANIZATION MADE THROUGH THE BIRDIES FOR CHARITY PROGRAM, DESCRIBED BELOW, THUNDERBIRDS CHARITIES MADE TOTAL CONTRIBUTIONS IN THE AMOUNT OF $6,397,000 TO VARIOUS 501(C)(3) ORGANIZATIONS. THE FOLLOWING IS A SUMMARY OF THE DIFFERENT TYPES OF ORGANIZATIONS AND THE TOTAL DONATIONS MADE TO EACH OF THE FIVE DIFFERENT CATEGORIES: 1) COMMUNITY OUTREACH/QUALITY OF LIFE: TOTAL AWARDS $1,160,000; 5 ORGANIZATIONS RECEIVED A TOTAL OF $95,000 FOR CAPITAL PROJECTS AND 17 ORGANIZATIONS RECEIVED A TOTAL OF $1,065,000 FOR PROGRAM FUNDING. (CONT'D ON SCH O)(CONTINUATION)2) AT-RISK YOUTH & FAMILIES: TOTAL AWARDS $2,022,500; 3 ORGANIZATIONS RECEIVED A TOTAL OF $1,125,000 FOR CAPITAL PROJECTS AND 23 ORGANIZATIONS RECEIVED A TOTAL OF $897,500 FOR PROGRAM FUNDING. 3) DOMESTIC VIOLENCE/HOMELESS/POVERTY: TOTAL AWARDS $1,770,500; 5 ORGANIZATIONS RECEIVED A TOTAL OF $495,000 FOR CAPITAL PROJECTS AND 13 ORGANIZATIONS RECEIVED A TOTAL OF $1,275,500 FOR PROGRAM FUNDING. 4) EDUCATION: TOTAL AWARDS $675,000; 2 ORGANIZATIONS RECEIVED A TOTAL OF $30,000 FOR CAPITAL PROJECTS AND 22 ORGANIZATIONS RECEIVED A TOTAL OF $645,000 FOR PROGRAM FUNDING. 5) IMPROVING THE LIVES OF THE PHYSICALLY & MENTALLY CHALLENGED: TOTAL AWARDS $769,000; 7 ORGANIZATIONS RECEIVED A TOTAL OF $346,000 FOR CAPITAL PROJECTS AND 12 ORGANIZATIONS RECEIVED A TOTAL $423,000 FOR PROGRAM FUNDING.
BIRDIES FOR CHARITY PROGRAM IS A TWO-PART PROGRAM DESIGNED TO GENERATE DONATIONS TO LOCAL NON-PROFIT ORGANIZATIONS. THE BIRDIES PROGRAM ALLOWS LOCAL NON-PROFIT ORGANIZATIONS TO COLLECT PLEDGES BASED ON THE NUMBER OF BIRDIES MADE DURING THE WM PHOENIX OPEN. THUNDERBIRDS CHARITIES PROVIDES ALL MATERIALS FOR THE PLEDGE DRIVES AND COLLECTS THE PLEDGES AFTER THE EVENT. THUNDERBIRDS CHARITIES THEN ADDS 10%-15% TO THE AMOUNT COLLECTED AND PAYS THE TOTAL TO THE 501(C)(3) ORGANIZATIONS. THE TOTAL AMOUNT OF DONATIONS RECEIVED WAS $583,511.80. THE TOTAL OF 501(C)(3) CHARITABLE ORGANIZATIONS THAT RECEIVED FUNDING THROUGH THE BIRDIES FOR CHARITY PROGRAM WAS 70 FOR A TOTAL DONATION AMOUNT OF $641,577.85 (MATCHING FUNDS OF $58,066.05) (CONT'D ON SCH O)THE BIRDIES FOR CHARITY CORPORATE PARTNER PROGRAM RAISES MONEY FROM MAJOR SPONSORS OF THE WM PHOENIX OPEN FOR SPECIFIC CHARITIES. THUNDERBIRDS CHARITIES PROVIDES 50% MATCHING FUNDS TO THESE CHARITIES, UP TO A MAXIMUM OF $12,500THE TOTAL AMOUNT OF DONATIONS RECEIVED FROM SPONSORS WAS $545,000 AND THE TOTAL MATCHING FUNDS FROM THUNDERBIRDS CHARITIES WAS $272,500. THE PROGRAM TOTAL WAS $817,500.
THE THUNDERBIRDS COMMUNITY PROJECTS LLC PROGRAM PROVIDES A LENDING PLATFORM FOR MAKING SHORT TO INTERMEDIATE TERM LOANS TO QUALIFIED ORGANIZATIONS. THE PURPOSE OF THESE LOANS IS TO PROVIDE BRIDGE LOANS TO NONPROFIT ORGANIZATIONS FOR THE PURPOSE OF ACQUISITION AND DEVELOPMENT OF APPROVED AFFORDABLE HOUSING PROPERTIES IN MARICOPA COUNTY. NATIVE AMERICAN CONNECTIONS RECEIVED A $750,000 BRIDGE LOAN IN THE FYE 5-13-23.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Michael Golding President | OfficerTrustee | 1.5 | $0 |
Kelly Mooney Secretary/treasurer | OfficerTrustee | 1 | $0 |
Pat Williams Director | Trustee | 1 | $0 |
Brian Frakes Director | Trustee | 1 | $0 |
Jim Wentworth Jr Director | Trustee | 1 | $0 |
Greg Hoyt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $6,523,872 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,557,212 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,081,084 |
| Total Program Service Revenue | $20,712 |
| Investment income | $34,592 |
| 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 | $8,136,388 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,856,078 |
| 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. | $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 | $3,163 |
| Fees for services: Accounting | $24,700 |
| 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 | $35,562 |
| Information technology | $567 |
| 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 | $11,595 |
| Total functional expenses | $7,931,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $608,803 |
| Savings and temporary cash investments | $50,210 |
| Pledges and grants receivable | $5,193,306 |
| Accounts receivable, net | $0 |
| 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 | $3,505 |
| Investments—program-related | $750,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,605,824 |
| Accounts payable and accrued expenses | $3,736 |
| Grants payable | $0 |
| 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 | $3,736 |
| Net assets without donor restrictions | $6,602,088 |
| 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 | $6,605,824 |
Grants Awarded
Over the last fiscal year, Thunderbirds Charities has awarded $7,743,884 in support to 135 organizations.
| Grant Recipient | Amount |
|---|---|
A STEPPING STONE FOUNDATION PURPOSE: EDUCATION | $12,639 |
ACT ONE FOUNDATION PURPOSE: EDUCATION | $25,000 |
ABILITY360 SPORTS & FITNESS CENTER PURPOSE: IMPROVING THE LIVES OF THE PHYSICALLY & MENTALLY CHALLENGED | $10,305 |
AGUA FRIA FOOD & CLOTHING BANK INC PURPOSE: DOMESTIC VIOLENCE/HOMELESS/POVERTY | $30,000 |
AID TO ADOPTION OF SPECIAL KIDS PURPOSE: AT-RISK YOUTH & FAMILIES | $8,356 |
ALS ASSOCIATION - ARIZONA CHAPTER PURPOSE: IMPROVING THE LIVES OF THE PHYSICALLY & MENTALLY CHALLENGED | $25,000 |