Arizona Chamber Foundation
- Assets
- $1.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 09/2008
- Data as of
- 06/2023
- EIN
- 20-5129621
Organization Overview
Arizona Chamber Foundation is located in Scottsdale, AZ. The organization was established in 2008. According to its NTEE Classification (B60) the organization is classified as: Adult Education, 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 Chamber 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 06/2023, Arizona Chamber Foundation generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $397.7k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (25.5%) per year over the past 6 years. 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
THE MISSION OF THE ARIZONA CHAMBER FOUNDATION IS TO BE A LEADING (CONTINUED ON SCHEDULE O) RESOURCE OF FORWARD-THINKING EXPERT RESEARCH, ANALYSIS, NEWS AND PUBLIC PROGRAMMING ON POLICY ISSUES THAT IMPACT ARIZONA BUSINESS AND THE STATE'S BUSINESS CLIMATE AND TO DEVELOP CIVIC-MINDED BUSINESS LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPPORTED COVID-19 RELATED ACTIVITIES ON BEHALF OF THE STATE OF ARIZONA, IN ACCORDANCE WITH ALLOWABLE STATE AND LOCAL FISCAL RECOVERY FUND EXPENDITURE CATEGORIES UNDER THE AMERICAN RESCUE PLAN ACT OF 2021 (ARPA).
A CONDUIT FOR THE NEXT GENERATION OF ARIZONA LEADERS, THE ARIZONA JUNIOR FELLOWS PROGRAM GIVES ARIZONA UNDERGRADUATE STUDENTS THE OPPORTUNITY TO GAIN HANDS-ON, APPLIED EXPERIENCE IN PUBLIC AFFAIRS, POLICY RESEARCH, EVENT PLANNING, PROJECT-BUILDING, AND MORE.
CHAMBER BUSINESS NEWS IS THE ORGANIZATION'S DIGITAL MEDIA PLATFORM THAT DELIVERS BUSINESS AND MARKETPLACE INFORMATION, ENGAGES NEWSMAKERS, AND ADDRESSES STATEWIDE ISSUES THAT DRIVE ARIZONA TOWARD A BRIGHTER AND MORE PROSPEROUS FUTURE.
THE FOUNDATION PUBLISHES TIMELY RESEARCH, POLICY BRIEFS AND RECOMMENDATIONS TO INFORM POLICY MAKERS AND THE PUBLIC ON ISSUES CRITICAL TO ARIZONA'S BUSINSS AND LONG-TERM SUCCESS.WE ALSO CONDUCTED RESEARCH RELATED TO ARIZONA'S ENERGY INFRASTRUCTURE AND THE RELATED IMPACTS ON STATEWIDE ECONOMIC DEVELOPMENT TO PROVIDE FACTS AND INFORMATION TO THE PUBLIC AND POLICYMAKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileeen Klein Acting Executive Director | OfficerTrustee | 20 | $108,000 |
Maureen Lonien Controller | Officer | 5 | $0 |
Dennis Dahlen Board Member Until 1-2023 | Trustee | 2 | $0 |
Michelle Bolton Board Member Until 6-2023 | Trustee | 2 | $0 |
Danny Seiden Board Member As Of 7-2022 | Trustee | 2 | $0 |
David Howell Secretary As Of 7-2022 | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $143,474 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,280,432 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,423,906 |
| Total Program Service Revenue | $20,400 |
| Investment income | $478 |
| 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 | $1,444,784 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $162,000 |
| Compensation of current officers, directors, key employees. | $24,335 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,695 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,660 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,472 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,096 |
| Advertising and promotion | $36,000 |
| Office expenses | $385 |
| Information technology | $16,581 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $942 |
| 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 | $0 |
| All other expenses | $4,857 |
| Total functional expenses | $397,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $435,509 |
| Savings and temporary cash investments | $503,754 |
| Pledges and grants receivable | $143,474 |
| 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 | $0 |
| Total assets | $1,082,737 |
| Accounts payable and accrued expenses | $9,829 |
| 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 | $9,829 |
| Net assets without donor restrictions | $1,072,908 |
| 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 | $1,082,737 |
Grants Awarded
Over the last fiscal year, Arizona Chamber Foundation has awarded $460,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
MATH & SCIENCE SUCCESS ADADEMY | | | $75,000 |
AZ CHARTER ACADEMY | | | $40,000 |
ACADEMICA NEVADA | | | $40,000 |
VAIL UNIFIED SCHOOL DISTRICT | | | $75,000 |
AZ CHARTER ACADEMY | | | $40,000 |
MATH & SCIENCE SUCCESS ADADEMY | | | $75,000 |