The Thunderbirds
- Assets
- $33.7m
- Revenue
- $84.4m
- Investments
- $0.0
- Employees
- 73
- Location
- Phoenix, AZ
- Founding
- 11/1972
- Data as of
- 05/2022
- EIN
- 86-0373052
Organization Overview
The Thunderbirds is located in Phoenix, AZ. The organization was established in 1972. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 05/2022, Thunderbirds employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thunderbirds is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 05/2022, Thunderbirds generated $84.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $77.7m during the year ending 05/2022. While expenses have increased by 9.1% per year over the past 7 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.
Since 2015, Thunderbirds has awarded 325 individual grants totaling $65,433,475. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE THUNDERBIRDS SHALL BE TO PUBLICIZE THE CITY OF PHOENIX, ARIZONA, (CONT'D SCHED O) AND THE PHOENIX METROPOLITAN AREA, BY SPONSORING ATHLETIC EVENTS AND BY PROVIDING FINANCIAL ASSISTANCE TO AMATEUR ATHLETES AND YOUTH-ORIENTED CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH THE GOAL TO PROMOTE THE PHOENIX METROPOLITAN AREA THROUGH SPORTS, THE THUNDERBIRDS PROMOTED AND PRODUCED THE WASTE MANAGEMENT PHOENIX OPEN GOLF TOURNAMENT TO RAISE MONEY FOR ARIZONA CHARITIES, MOST OF WHICH PROVIDE PROGRAMS THAT BENEFIT YOUTH. WASTE MANAGEMENT IS THE TITLE SPONSOR, AND THE TOURNAMENT IS HELD AT THE TPC SCOTTSDALE. THE TOURNAMENT GENERATED TOTAL REVENUES OF $83M WITH TOTAL EXPENSES OF $67M. RECENT BENEFICIARIES INCLUDE PHOENIX CHILDREN'S HOSPITAL, FIRST TEE OF PHOENIX, SPECIAL OLYMPICS AZ, HOMEWARD BOUND, ST. MARY'S FOOD BANK, SAVE THE FAMILY, ABILITY 360 AND CHILD CRISIS AZ. THE THUNDERBIRDS HAVE RAISED MORE THAN $161M IN THE TOURNAMENT'S 85-YEAR HISTORY.
THE THUNDERBIRDS PROVIDED VOLUNTEERS AND OVER $5.4M SUPPORT FOR YOUTH AND FAMILY PROGRAMS.
WE ALSO PROVIDED VOLUNTEERS AND $743K FOR HIGH SCHOOL AND AMATEUR ATHLETICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chance Cozby Executive Director | Officer | 38 | $617,435 |
Michelle Simpson CFO | Officer | 38 | $229,788 |
Laura L Moore Sales & Marketing Coordinator | 40 | $131,329 | |
Cheryl R Ruggiero Thunderbirds Charities Coordinator | 10 | $121,903 | |
Cheryl C Hussey Tournament Chairmans Exec. Asst. | 40 | $121,572 | |
John Willard Goff Event Manager | 40 | $109,875 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Inproductions Inc Construction | 5/30/22 | $8,701,916 |
Dream Studio Productions Llc Entertainment Production | 5/30/22 | $1,600,509 |
Fairmont Scottsdale Princess Hotels, Food And Beverages | 5/30/22 | $2,451,703 |
Pro Em Operations Llc Tents, Security, Events | 5/30/22 | $10,523,577 |
M Culinary Concepts Llc Catering | 5/30/22 | $6,116,843 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $357,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $357,400 |
| Total Program Service Revenue | $83,123,342 |
| Investment income | $536,476 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $250,155 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $123,570 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $84,390,943 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,663,451 |
| 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. | $884,897 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,794,640 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $592,912 |
| Payroll taxes | $165,544 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,977 |
| Fees for services: Accounting | $50,885 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $59,175 |
| Fees for services: Other | $290 |
| Advertising and promotion | $1,096,519 |
| Office expenses | $646,274 |
| Information technology | $534,778 |
| Royalties | $0 |
| Occupancy | $32,342 |
| Travel | $133,911 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $321,024 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $628,747 |
| Insurance | $348,988 |
| All other expenses | $2,650,491 |
| Total functional expenses | $77,664,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,501,825 |
| Savings and temporary cash investments | $5,630,295 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $487,149 |
| 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 | $368,252 |
| Net Land, buildings, and equipment | $3,073,560 |
| Investments—publicly traded securities | $20,635,874 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,696,955 |
| Accounts payable and accrued expenses | $2,196,434 |
| Grants payable | $6,042,631 |
| Deferred revenue | $1,439,272 |
| 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 | $9,678,337 |
| Net assets without donor restrictions | $24,018,618 |
| 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 | $33,696,955 |
Grants Awarded
Over the last fiscal year, The Thunderbirds has awarded $8,844,362 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
Phoenix, AZ PURPOSE: COMMUNITY SERVICE | $5,270,149 |
Tucson, AZ PURPOSE: EDUCATION | $1,000,000 |
Tempe, AZ PURPOSE: YOUTH DEVELOPMENT | $500,000 |
Phoenix, AZ PURPOSE: GROWTH OF GAME | $470,000 |
Phoenix, AZ PURPOSE: COMMUNITY SERVICE | $285,000 |
Phoenix, AZ PURPOSE: GROWTH OF GAME | $194,366 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Thunderbirds has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Phoenix Suns Charities Inc Phoenix, AZ PURPOSE: GENERAL SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Film Muscians Secondary Markets Fund encino, CA | $152,319,457 | $129,340,280 |
The Linux Foundation San Francisco, CA | $142,044,874 | $139,974,266 |
The Thunderbirds Phoenix, AZ | $33,696,955 | $84,390,943 |
California Travel And Tourism Commission Sacramento, CA | $86,955,324 | $75,852,594 |
Semi Milpitas, CA | $100,332,447 | $57,588,828 |
National Cattlemens Beef Association Inc Centennial, CO | $34,892,254 | $54,202,215 |
United States Meat Export Federation Inc Denver, CO | $20,783,822 | $49,870,327 |
San Diego County Capital Asset Leasing Corporation San Diego, CA | $104,250,616 | $41,735,289 |
Mgma-Acmpe Englewood, CO | $54,755,762 | $36,087,217 |
Western States Petroleum Association Sacramento, CA | $8,481,739 | $30,827,581 |
Iapmo Research And Testing Inc Ontario, CA | $11,214,766 | $46,736,492 |
Specialty Equipment Market Association Diamond Bar, CA | $151,136,909 | $20,614,542 |