Phoenix Suns Charities Inc
- Assets
- $2.8m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 08/1989
- Data as of
- 06/2022
- EIN
- 86-0633919
Organization Overview
Phoenix Suns Charities Inc is located in Phoenix, AZ. The organization was established in 1989. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phoenix Suns Charities Inc 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, Phoenix Suns Charities Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $2.9m during the year ending 06/2022. While expenses have increased by 9.7% 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, Phoenix Suns Charities Inc has awarded 450 individual grants totaling $18,128,993. 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 BENEFIT ORGANIZATIONS THAT ASSIST THE NEEDS OF CHILDREN AND FAMILIES IN ARIZONA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUE TO THE GENEROSITY OF FANS AND SPONSORS, AS WELL AS UNDERWRITING BY THE TEAM, PHOENIX SUNS CHARITIES HAS EXPERIENCED STEADY GROWTH AND DISTRIBUTES MORE THAN A MILLION DOLLARS ANNUALLY TO HUNDREDS OF LOCAL CHARITIES. FUNDS ARE RAISED DURING THE NBA SEASON THROUGH SPECIAL EVENTS SUCH AS THE SUNS GOLF CLASSIC, SUNS CHARITIES 88, AND THE SPRING EVENT; THE SUNS ASSIST EMPLOYEE GIVING CAMPAIGN; SCOREBOARD MESSAGES PRESENTED AT SUNS HOME GAMES; GAME NIGHT AUCTIONS AND SALES; AND THROUGH SPECIAL PROJECTS SUCH AS SUNS LICENSE PLATES. FINALLY, MANY GENEROUS FANS AND COMMUNITY ORGANIZATIONS DESIGNATE PHOENIX SUNS CHARITIES AS THE RECIPIENT OF THEIR GIVING LEAD BY A GROUP OF DONORS KNOWN AS PLAYMAKERS WHO PLEDGE $100,000 OVER FOUR YEARS TO THE CHARITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Clarkson President | OfficerTrustee | 2 | $0 |
Scott Rehorn Vice President | OfficerTrustee | 2 | $0 |
Sarah Krahenbuhl Executive Director | OfficerTrustee | 40 | $0 |
Jim Pitman Secretary/treasurer | OfficerTrustee | 2 | $0 |
Chris Alvarez Board Member | Trustee | 1 | $0 |
Oliver Badgio Board Member (as Of 10/2021) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $40,461 |
| Fundraising events | $711,847 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,015,920 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,768,228 |
| Total Program Service Revenue | $0 |
| Investment income | $43 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $85,024 |
| Net Income from Gaming Activities | $7,761 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,986,212 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,659,473 |
| 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 | $170,000 |
| Fees for services: Legal | $292 |
| Fees for services: Accounting | $13,694 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,451 |
| Fees for services: Other | $14,366 |
| Advertising and promotion | $0 |
| Office expenses | $451 |
| 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 | $28,888 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,287 |
| All other expenses | $104 |
| Total functional expenses | $2,894,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,171,963 |
| Savings and temporary cash investments | $80,339 |
| Pledges and grants receivable | $0 |
| 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 | $595,340 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,847,642 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $2,847,642 |
| Total liabilities and net assets/fund balances | $2,847,642 |
Grants Awarded
Over the last fiscal year, Phoenix Suns Charities Inc has awarded $1,469,628 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
ABILITY360 INC PURPOSE: GENERAL SUPPORT | $25,000 |
AMERICAN DIABETES ASSOCIATION PURPOSE: GENERAL SUPPORT | $10,000 |
ACCEL PURPOSE: GENERAL SUPPORT | $20,000 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL SUPPORT | $10,000 |
ANTHONY BATES FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
ARIZONA AUTISM UNITED PURPOSE: GENERAL SUPPORT | $10,000 |