Desert Financial Foundation
- Assets
- $290.9k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 06/2016
- Data as of
- 12/2021
- EIN
- 81-1028132
Organization Overview
Desert Financial Foundation is located in Phoenix, AZ. The organization was established in 2016. According to its NTEE Classification (T30) the organization is classified as: Public 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. Desert Financial 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 12/2021, Desert Financial Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 57.0% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Desert Financial Foundation has awarded 29 individual grants totaling $2,680,812. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE FINANCIAL HEALTH OF OUR COMMUNITY THROUGH EDUCATION, SCHOLARSHIPS, GRANTS TO NON-PROFIT PROGRAMS, AND FUNDRAISING EFFORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY DEVELOPMENT GRANTMAKING PROGRAM PROVIDES GRANT FUNDING TO NON-PROFIT ORGANIZATIONS IN THE GREATER PHOENIX AREA HELPING COMMUNITY MEMBERS BUILD SELF-SUFFICIENCY. PROGRAM GRANTS RANGE FROM $5,000 TO $20,000 AND BENEFIT A VARIETY OF LOW-TO-MODERATE-INCOME INDIVIDUALS. PROGRAMS FUNDED INCLUDE A WORKFORCE DEVELOPMENT PROGRAM FOR THOSE STRUGGLING TO FIND EMPLOYMENT, A MICRO-ENTREPRENEUR EDUCATION AND TRAINING PROGRAM FOR UNDERREPRESENTED BUSINESS OWNERS, A HEALTH PROMOTION AND INDEPENDENT LIVING PROGRAM FOR THOSE LIVING WITH CHRONIC HEALTH CONDITIONS AND OTHER PHYSICAL DISABILITIES, AND MENTORING AND JOB TRAINING PROGRAMS FOR VULNERABLE YOUTH.
SCHOLARSHIPS ARE AWARDED TO STUDENTS DISPLAYING LEADERSHIP THROUGH COMMUNITY SERVICE, ACADEMIC EXCELLENCE, AND DEMONSTRATED FINANCIAL NEED. SCHOLARSHIPS RANGE FROM $2,500 TO $10,000 FOR GRADUATING HIGH SCHOOL SENIORS AND ADULT LEARNERS (NON-TRADITONAL STUDENTS) ATTENDING 2-OR 4-YEAR COLLEGES OR UNIVERSITIES IN THE STATE OF ARIZONA. SCHOLARSHIPS ARE ALSO AWARDED TO LOW-INCOME HIGH SCHOOL STUDENTS PURSING CERTIFICATIONS THROUGH CAREER AND TECHNICAL EDUCATION PROGRAMS TO COVER PROGRAM AND CERIFICATION FEES, AS WELL AS EQUIPMENT AND SUPPLIES REQUIRED FOR THEIR PROGAMS.
DESERT FINANCIAL FOUNDATION IS THE PRIMARY FINANCIAL SUPPORTER OF THE ONE DARN COOL SCHOOL OF PHOENIX CHILDREN'S HOSPITAL. CHILDRAN RECEIVING SERVICES AT THE HOSPITAL ARE ABLE TO CONTINUE WITH THEIR EDUCATION AND RECEIVE SUPPORT TO TRANSITION SUCCESSFULLY BACK TO THEIR HOME SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rondle Amstutz Secretary | OfficerTrustee | 10 | $0 |
Susan Frank Chair | OfficerTrustee | 1 | $0 |
Jeffrey Meshey Vice Chair | OfficerTrustee | 1 | $0 |
Thomas Marlowe Treasurer | OfficerTrustee | 1 | $0 |
Carlissa Wright Executive Director | Officer | 20 | $0 |
Emma Garcia Former Executive Director | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $494,505 |
| Related organizations | $311,071 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $261,161 |
| Noncash contributions included in lines 1a–1f | $103,446 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,066,737 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,066,737 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,037,663 |
| Grants and other assistance to domestic individuals. | $33,082 |
| 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 | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,083,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $282,369 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,563 |
| 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 | $290,932 |
| Accounts payable and accrued expenses | $16,753 |
| Grants payable | $0 |
| Deferred revenue | $20,800 |
| 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 | $37,553 |
| Net assets without donor restrictions | $211,499 |
| Net assets with donor restrictions | $41,880 |
| 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 | $290,932 |
Grants Awarded
Over the last fiscal year, Desert Financial Foundation has awarded $998,568 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF PHOENIX PURPOSE: CITY OF PHOENIX PEDIATRIC HEALTH CARE INITIATIVE FUND | $750,000 |
ARIZONA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $58,500 |
Phoenix, AZ PURPOSE: SUPPORT FOR THE ONE DARN COOL SCHOOL. THE ONSITE SCHOOL HELPS CHILDREN RECEIVING SERVICES FROM THE HOSPITAL. | $39,913 |
LAPTOPS 4 LEARNING PURPOSE: TO FUND THE PURCHASE OF LAPTOPS TO HELP STUDENTS FROM SOCIO-ECONOMICALLY DISADVANTAGED FAMILIES IMPACTED BY THE PANDEMIC PARTICIPATE IN VIRTUAL LEARNING. | $27,155 |
Flagstaff, AZ PURPOSE: SCHOLARSHIPS | $20,500 |
Phoenix, AZ PURPOSE: COMMUNITY SERVICE AND ADULT LEARNER SCHOLARSHIPS | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Desert Financial Foundation has recieved totaling $301,300.
| Awarding Organization | Amount |
|---|---|
Desert Financial Credit Union Phoenix, AZ PURPOSE: LAPTOPS 4 LEARNING FUNDRAISER, YC FOUNDATION CTE SCHOLARSHIP, DF GOLF TOURNAMENT SPONSOR, FUNDRAISER MATCH, SCHOLARSHIPS | $286,300 |
Desert Financial Foundation Phoenix, AZ PURPOSE: CAREER AND TECHNICAL EDUCATION SCHOLARSHIPS FOR LOW-INCOME STUDENTS PARTICIPATING IN MEDICAL ASSISTING PROGRAMS. | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Groundswell Fund San Francisco, CA | $42,239,063 | $24,343,616 |
Americas Best Local Charities San Rafael, CA | $3,431,052 | $16,765,664 |
Bill Hannon Foundation Los Angeles, CA | $17,238,236 | $4,285,811 |
Amg Charitable Gift Foundation Greenwood Village, CO | $149,608,626 | $31,189,759 |
It Is Written Inc Riverside, CA | $12,378,597 | $15,533,924 |
Friends Of Family Health Center La Habra, CA | $48,269,218 | $21,982,956 |
Family Assistance Ministries San Clemente, CA | $4,435,253 | $12,485,569 |
Hidaya Foundation Santa Clara, CA | $4,651,500 | $12,437,401 |
Hyundai Hope On Wheels Fountain Valley, CA | $12,616,829 | $14,561,310 |
Philanthropic Impact Fund Beverly Hills, CA | $0 | $3,313,525 |
Providence Little Company Of Mary Foundation Torrance, CA | $121,035,875 | $18,031,300 |
Cambodian Childrens Fund Santa Monica, CA | $27,120,483 | $15,367,074 |