Tempe Impact Educational Foundation Inc
- Assets
- $1.1m
- Revenue
- $224.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Tempe, AZ
- Founding
- 07/1991
- Data as of
- 06/2023
- EIN
- 86-0670224
Organization Overview
Tempe Impact Educational Foundation Inc, operating under the name Co Joseph Spracale, is located in Tempe, AZ. The organization was established in 1991. According to its NTEE Classification (T31) the organization is classified as: Community 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. Co Joseph Spracale 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 06/2023, Co Joseph Spracale generated $224.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $111.7k during the year ending 06/2023. While expenses have increased by 9.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TEMPE IMPACTS EDUCATIONS CARING VOLUNTEERS COLLABORATE WITH COMMUNITY GROUPS TO FOSTER EXCELLENCE IN OUR TEMPE ELEMENTARY SCHOOL DISTRICT STUDENTS, FAMILIES AND EDUCATORS BY SECURING RESOURCES TO EMPOWER THEM TO SUCCESSFULLY ACCOMPLISH THEIR GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONNECTING WITH KIDS - A SERVICE CENTER PROVIDING FOR CHILDREN IN NEED OF:MEDICAL SERVICES, DENTAL SERVICES,HYGIENE ITEMSSCHOOL SUPPLIES,EYE CARE,CLOTHING,BACKPACKSSCHOLARSHIPS AND TRANSPORTATION - FOR STUDENTS TO ATTEND SUMMER ENRICHMENT SCHOOLMUSICAL INSTRUMENTS - FOR STUDENTS SO THEY CAN PARTICIPATE IN BAND AND ORCHESTRAAWARDS - FOR STUDENT AND EMPLOYEE RECOGNITIONSCHOLARSHIPS FOR CLASSIFIED STAFF AND CERTIFIED TEACHERS - TO OBTAIN CERTIFICATES IN AREAS OF CRITICAL NEEDHANDS-ON MATERIALS - FOR SCIENCE AND MATH CLASSES
PROGRAMS THAT BENEFIT STUDENTS IN THE TEMPE ELEMENTARY DISTRICT
BEANS AND RICE PROGRAM
ALL OTHER FUNCTIONAL EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Evan Rogers Director | Trustee | 1 | $0 |
Bobbie Cassano Director | Trustee | 1 | $0 |
Loretta Meador Director | Trustee | 1 | $0 |
Brad Whitely Director | Trustee | 1 | $0 |
James Driscoll Director | Trustee | 1 | $0 |
Eric Adams Director | Trustee | 1 | $0 |
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 | $139,281 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,281 |
| Total Program Service Revenue | $0 |
| Investment income | $19,472 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $66,058 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $224,811 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $61,574 |
| Grants and other assistance to domestic individuals. | $34,603 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| 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 | $5,072 |
| 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 | $249 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,153 |
| All other expenses | $0 |
| Total functional expenses | $111,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $295,555 |
| Savings and temporary cash investments | $20,122 |
| 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 | $764,402 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,080,079 |
| Accounts payable and accrued expenses | $3,191 |
| 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 | $3,191 |
| Net assets without donor restrictions | $1,076,888 |
| 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 | $1,080,079 |