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 relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $854.7k during the year ending 12/2022. While expenses have increased by 1.1% per year over the past 5 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 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 | |
Thomas Duncan Assistant Treasurer | 3 | $15,000 | |
Lee Burton Treasurer | 3 | $15,000 | |
Leo Valdez Vice Chairman | 2 | $10,000 | |
Scott Butterfield Chairman | 2 | $10,000 |
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 |
|---|---|
NEW LIFE FARMINGTON (FRMRLY NL WORSHIP CENTER) PURPOSE: FUNDING UNIVERSITY SCHOLARSHIPS AWARDED THROUGH YOUTH MINISTRY (TUITION AND/OR BOOKS) | $80,000 |
PAT TILLMAN FOUNDATION PURPOSE: PROVIDE ACADEMIC SCHOLARSHIPS FOR SERVICE MEMBERS, VETERANS OR THEIR SPOUSES (FILLING FINANCIAL GAPS NOT COVERED BY THE POST 9-11 G.I. BILL) | $60,000 |
Hutchinson, KS PURPOSE: PROVIDE ASISTANCE TO STUDENTS WHO ARE SEEKING TO TRANSFER TO A FOUR-YEAR UNIVERSITY OR EARN A TECHNICAL DEGREE, GAINING SKILLS TO ENTER THE WORKFORCE | $50,000 |
HUMAN SERVICES CAMPUS & (FRMRLY LODESTAR RESOURCE) PURPOSE: ASSISTS CLIENTS IN ENDING THEIR HOMELESSNESS BY ACHIEVING GREATER SELF-SUFFIIENCY THROUGH NUMEROUS STRATEGIES INCLUDING EDUCATION & EMPLOYMENT | $40,000 |
U OF A - BIO5 (KEYS) PURPOSE: TO PROVIDE ARIZONA HIGH SCHOOL STUDENTS WITH HANDS-ON LABORATORY RESEARCH UNDER THE MENTORSHIP OF WORLD-CLASS SCIENTISTS AND THEIR LAB TEAMS | $40,000 |
Pocatello, ID PURPOSE: TO CONSTRUCT A NEW ACADEMIC CENTER ALLOWING STUDENT ATHLETES TO STUDY, TAKE EXAMS AND HAVE ACCESS TO STRUCTURED ACADEMIC SCHOLASTIC ADVISORS | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Alliance For Choice In Education Greenwood Village, CO | $60,249,872 | $34,038,450 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |