Brophy Community Foundation
- Assets
- $20.0m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 12/1998
- Data as of
- 06/2024
- EIN
- 86-0929111
Organization Overview
Brophy Community Foundation is located in Phoenix, AZ. The organization was established in 1998. 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. Brophy Community Foundation 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 06/2024, Brophy Community Foundation generated $8.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $5.0m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE BROPHY COMMUNITY FOUNDATION, ONE OF ARIZONA'S EARLIEST SCHOOL TUITION ORGANIZATIONS, IS TO RAISE AND DISTRIBUTE FUNDS FOR ARIZONA FAMILIES WITH A VERIFIED FINANCIAL NEED AND MAKE PRIVATE K-12 EDUCATION AFFORDABLE AND ACCESSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RAISED $4,946,000 IN CORPORATE DONATIONS, $1,985,406 IN INDIVIDUAL DONATIONS, AND $78,273 IN COMPANIES' MATCHING CONTRIBUTIONS ON BEHALF OF THEIR EMPLOYEES FOR THE FY 2023-2024. THE FOUNDATION AWARDED 2,689 TUITION AID AWARDS TOTALING $4,524,288 TO PRIMARILY LOW INCOME AND WORKING POOR FAMILIES FOR THE 2023-2024 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Ryan President | OfficerTrustee | 5 | $0 |
Nelson DE Los Santos Director | Trustee | 1 | $0 |
Barbara Meaney Director | Trustee | 1 | $0 |
Steve Barela Director | Trustee | 1 | $0 |
Carrie Hall Director | Trustee | 1 | $0 |
Craig Williams 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 | $7,009,679 |
| Noncash contributions included in lines 1a–1f | $8,700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,009,679 |
| Total Program Service Revenue | $0 |
| Investment income | $1,012,532 |
| 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 | $8,022,211 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,524,288 |
| 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 | $200,834 |
| Pension plan accruals and contributions | $10,081 |
| Other employee benefits | $55,251 |
| Payroll taxes | $15,946 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,053 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,295 |
| Advertising and promotion | $27,679 |
| Office expenses | $67,236 |
| Information technology | $16,493 |
| Royalties | $0 |
| Occupancy | $8,700 |
| 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 | $10,631 |
| All other expenses | $0 |
| Total functional expenses | $5,023,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $20,002,270 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $259 |
| Total assets | $20,002,530 |
| Accounts payable and accrued expenses | $20,305 |
| Grants payable | $8,424,575 |
| 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 | $8,444,880 |
| Net assets without donor restrictions | $11,557,650 |
| 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 | $20,002,530 |