Arizona Foundation For Educational Advancement
- Assets
- $15.4m
- Revenue
- $691.7k
- Investments
- $15.0m
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 06/1995
- Data as of
- 12/2022
- EIN
- 86-0664560
Organization Overview
Arizona Foundation For Educational Advancement is located in Phoenix, AZ. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arizona Foundation For Educational Advancement 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, Arizona Foundation For Educational Advancement generated $691.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $854.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Arizona Foundation For Educational Advancement has awarded 90 individual grants totaling $1,981,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Muessle President/secretary | 20 | $87,000 | |
Leo Valdez Vice Chairman | 2 | $10,000 | |
Scott Butterfield Chairman | 2 | $10,000 | |
Thomas Duncan Assistant Treasurer | 3 | $15,000 | |
Lee Burton Treasurer | 3 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $372,173 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $281,430 |
| Capital Gain Net Income | $281,430 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $38,116 |
| Total Revenue | $691,719 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $137,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,546 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,357 |
| Printing and publications | $0 |
| Other expenses | $4,915 |
| Total operating and administrative expenses | $297,718 |
| Contributions, gifts, grants paid | $557,000 |
| Total expenses and disbursements | $854,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,911 |
| Savings and temporary cash investments | $423,482 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,055 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,570,459 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,363 |
| Total assets | $15,439,958 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $28,932 |
| Total liabilities | $28,932 |
Grants Awarded
Over the last fiscal year, Arizona Foundation For Educational Advancement has awarded $557,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVEMENT REWARDS FOR COLLEGE SCIENTISTS-DENVER PURPOSE: ADVANCE SCIENCE & TECHNOLOGY THRU $ AWARDS TO ACADEMICALLY OUTSTANDING U S CITIZENS FOR DEGREES IN SCIENCE, ENGINEERING & MEDICAL RESEARCH | $15,000 |
ACHIEVEMENT REWARDS FOR COLLEGE SCIENTISTS-PHOENIX PURPOSE: ADVANCE SCIENCE & TECHNOLOGY THRU $ AWARDS TO ACADEMICALLY OUTSTANDING U S CITIZENS FOR DEGREES IN SCIENCE, ENGINEERING & MEDICAL RESEARCH | $10,000 |
COLORADO LEAGUE OF CHARTER SCHOOLS PURPOSE: IMPROVE STUDENT ACHIEVEMENT BY SUPPORTING CO'S CHARTER SCHOOLS, POSITIVELY RESHAPING THE PUBLIC-SCHOOL LANDSCAPE FOR HIGH QUALITY PUBLIC CHOICE | $30,000 |
COLORADO SCHOOL OF MINES FOUNDATION PURPOSE: GRANT WOULD BE USED SPECIFCALLY FOR THE PURPOSE OF PROVIDING SCHOLARSHIPS FOR MINES STUDENTS (IN ENERGY DEVELOPMENT & ENVIRONMENTAL SUSTAINABILITY) | $15,000 |
DESERT VOICES PURPOSE: EARLY INTERVENTION PROGRAM---SPECIFICALLY FOR PARENT-INFANT THERAPY (DEVELOP THE LANGUAGE, COGNITIVE AND SOCIAL EMOTIONAL SKILLS FOR SCHOOL READINESS) | $22,500 |
EXPONENT PHILANTHROPY (FRMRLY ASSOC OF SMALL FDTNS) PURPOSE: MEMBERSHIP ASSOCIATION TO EDUCATE, ASSIST AND NETWORK FOR SMALL (SMALL OR NO STAFF) FOUNDATIONS | $7,000 |