Thunderbird School Of Global Management
- Assets
- $4.6m
- Revenue
- $23.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 08/1947
- Data as of
- 06/2021
- EIN
- 86-0105586
Organization Overview
Thunderbird School Of Global Management is located in Phoenix, AZ. The organization was established in 1947. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, 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. Thunderbird School Of Global Management 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 06/2021, Thunderbird School Of Global Management generated $23.0m 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 (6.9%) each year. All expenses for the organization totaled $37.1m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE GLOBAL LEADERS WHO CREATE SUSTAINABLE PROSPERITY WORLDWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED AN EDUCATION TO EXECUTIVE EDUCATION STUDENTS AND WOMEN'S ENTREPRENEURIAL PROGRAMS WORLDWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Crow Chairman Of The Board | OfficerTrustee | 1 | $0 |
Morgan Olsen Vice President & Treasurer | OfficerTrustee | 1 | $0 |
Mark Searle Vice President | OfficerTrustee | 1 | $0 |
Richard H Stanley Vice President | OfficerTrustee | 1 | $0 |
Jose Cardenas Secretary | OfficerTrustee | 1 | $0 |
Joanne Wamsley Vice President & Assistant | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ai Corporate Advisory Llc Services | 6/29/21 | $175,757 |
Quarles & Brady Llp Legal Services | 6/29/21 | $105,807 |
University Realty Llc Real Estate Services | 6/29/21 | $782,530 |
Low Mountain Construction Inc Construction Services | 6/29/21 | $276,018 |
Bluedrop Performance Learning Services | 6/29/21 | $148,742 |
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 | $256,819 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $256,819 |
| Total Program Service Revenue | $1,789,213 |
| Investment income | $1,531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,954,411 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,980,212 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,807,565 |
| 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. | $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 | $172,000 |
| Fees for services: Legal | $59,329 |
| Fees for services: Accounting | $48,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,250 |
| 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 | $252,498 |
| All other expenses | $0 |
| Total functional expenses | $37,108,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,858,131 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $432,078 |
| 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 | $246,266 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $926 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,110,962 |
| Total assets | $4,648,363 |
| Accounts payable and accrued expenses | $287,031 |
| Grants payable | $0 |
| Deferred revenue | $1,635,070 |
| 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 | $1,922,101 |
| Net assets without donor restrictions | $2,709,463 |
| Net assets with donor restrictions | $16,799 |
| 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 | $4,648,363 |
Grants Awarded
Over the last fiscal year, Thunderbird School Of Global Management has awarded $34,807,565 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA STATE UNIVERSITY PURPOSE: TO PROVIDE SUPPORT FOR THUNDERBIRD SCHOOL OF GLOBAL MANAGEMENT AT ASU | $34,753,416 |
Tempe, AZ PURPOSE: TO PROVIDE SUPPORT FOR THUNDERBIRD SCHOOL OF GLOBAL MANAGEMENT AT ASU | $54,149 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Thunderbird School Of Global Management has recieved totaling $349,880.
| Awarding Organization | Amount |
|---|---|
Arizona State University Foundation For A New American University Tempe, AZ PURPOSE: PROGRAM SUPPORT | $343,024 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,794 |
Kurt And Julie Hauser Foundation Wilmington, DE PURPOSE: BUILDING OF THE NEW TBIRD PUB | $1,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $50 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Endowment Analysis
| Beg. Balance | $28,035,221 |
| Earnings | -$193,416 |
| Net Contributions | $500,000 |
| Grants | $6,164,097 |
| Ending Balance | $22,177,708 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Samuel Merritt University Oakland, CA | $325,100,331 | $118,517,115 |
Dominican University Of California San Rafael, CA | $120,936,382 | $85,037,820 |
Kaiser Permanente Bernard J Tyson School Of Medicine Inc Oakland, CA | $109,560,789 | $87,175,278 |
Fuller Theological Seminary Pasadena, CA | $257,080,633 | $48,939,173 |
California Western School Of Law San Diego, CA | $69,688,098 | $48,863,777 |
Keck Graduate Institute Claremont, CA | $121,856,519 | $41,890,021 |
Marshall B Ketchum University Fullerton, CA | $105,970,455 | $47,583,305 |
Thunderbird School Of Global Management Phoenix, AZ | $4,648,363 | $22,980,212 |
Southern California University Of Health Sciences Whittier, CA | $39,889,743 | $44,008,074 |
Palo Alto University Inc Palo Alto, CA | $37,743,432 | $38,449,514 |
Uc Berkeley Center For Executive Education Berkeley, CA | $14,411,646 | $24,161,289 |
Life Chiropractic College West Hayward, CA | $30,632,289 | $21,817,689 |