Flinn Foundation
- Assets
- $285.1m
- Revenue
- $13.3m
- Investments
- $278.5m
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 04/1982
- Data as of
- 12/2021
- EIN
- 86-0421476
Organization Overview
Flinn Foundation is located in Phoenix, AZ. The organization was established in 1982. 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. Flinn 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, Flinn Foundation generated $13.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 32.0% each year . All expenses for the organization totaled $11.9m during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 3 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 2020, Flinn Foundation has awarded 216 individual grants totaling $20,223,832. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
BIOSCIENCETHE FLINN FOUNDATION SUPPORTS THE ADVANCEMENT OF THE BIOSCIENCES IN ARIZONA THROUGH GRANTMAKING AND COORDINATION OF ARIZONA'S BIOSCIENCE ROADMAP, WHICH WAS RELEASED IN 2002 AND UPDATED IN 2014 TO GUIDE THE GROWTH AND DEVELOPMENT OF THE STATE'S BIOSCIENCE SECTOR THROUGH 2025. THE ROADMAP'S TAGLINE, "ADVANCING THE BIOSCIENCES AND IMPROVING HEALTH OUTCOMES" RECOGNIZES THE BROAD SPECTRUM WITHIN THE BIOSCIENCES, THE EMERGING FIELDS OF HEALTH INFORMATICS, ECONOMICS, AND DIAGNOSTICS AS WELL AS THE CENTRAL ROLE OF HEALTHCARE WITHIN THE BIOSCIENCE SECTOR.
CIVIC LEADERSHIPTHE FLINN FOUNDATION SUPPORTS AND ADMINISTERS THE ARIZONA CENTER FOR CIVIC LEADERSHIP (CENTER), TO ENHANCE CIVIC LIFE IN ARIZONA THROUGH EDUCATION, ENGAGEMENT, AND LEADERSHIP PROGRAMS. A PRIMARY COMPONENT OF THE CENTER IS THE FLINN-BROWN FELLOWSHIP, WHICH AIMS TO DEVELOP FUTURE STATE-LEVEL LEADERS THROUGH NON-PARTISAN, OBJECTIVE SEMINARS ON POLICY ISSUES. THE CENTER ALSO HAS A LEADERSHIP COLLABORATIVE AS A STATEWIDE RESOURCE FOR ORGANIZATIONS INTERESTED AND INVOLVED IN STRENGTHENING CIVIC LEADERSHIP. THERE ARE ALSO MONTHLY VIRTUAL PUBLIC POLICY SEMINARS THROUGH THE CIVEX PROGRAM.
FLINN SCHOLARSIN PARTNERSHIP WITH ARIZONA'S THREE PUBLIC UNIVERSITIES, THE FLINN FOUNDATION AWARDS ABOUT 20 SCHOLARSHIPS TO ARIZONA'S TOP HIGH-SCHOOL SENIORS FOR EIGHT SEMESTERS OF STUDY AT ONE OF THE THREE STATE UNIVERSITIES. THE FLINN SCHOLARSHIP COVERS TUITION, FEES, HOUSING, MEALS, AND STUDY ABROAD.
ARTS AND CULTURETHE FLINN FOUNDATION IS DEDICATED TO IMPROVING THE FINANCIAL AND CREATIVE HEALTH OF ARIZONA'S ARTS-AND-CULTURE ORGANIZATIONS. THE INITIATIVE FOR FINANCIAL AND CREATIVE HEALTH, WHICH IS A GRANTS PROGRAM, AIMS TO IDENTIFY CAPITALIZATION NEEDS, DESIGN STRATEGIES TO ADDRESS THOSE NEEDS, AND STRENGTHEN CREATIVE PROGRAMS AMONG ARIZONA'S LARGEST ARTS AND CULTURE ORGANIZATIONS. THE FOUNDATION ALSO PARTNERS WITH THE ARIZONA COMMISSION ON THE ARTS AND SMU DATAARTS TO HELP ARIZONANS PARTICIPATE AND EXPERIENCE THE ARTS AND COLLECT AND SHARE DATA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammy Mcleod President & Ceo/asst Secretary | 45 | $416,236 | |
Bradley Halvorsen Exec Vice President | 45 | $233,627 | |
Stacy L Tucker Cfo/asst Treasurer | 45 | $223,932 | |
Matthew Ellsworth Vice President | 45 | $174,643 | |
Mary O'reilly Vice President | 45 | $171,607 | |
Dawn Wallace Vice President | 45 | $165,355 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates | 12/30/21 | $632,612 |
Ernst & Young | 12/30/21 | $55,984 |
Grant Thorton Llp | 12/30/21 | $55,650 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $181,275 |
| Interest on Savings | $0 |
| Dividends & Interest | $712,512 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,659,734 |
| Capital Gain Net Income | $24,238,960 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $777,613 |
| Total Revenue | $13,331,134 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,023,406 |
| Other employee salaries and wages | $1,966,560 |
| Pension plans, employee benefits | $596,204 |
| Interest | $0 |
| Taxes | $758,279 |
| Depreciation | $211,575 |
| Occupancy | $208,010 |
| Travel, conferences, and meetings | $269,431 |
| Printing and publications | $44,713 |
| Other expenses | $153,249 |
| Total operating and administrative expenses | $6,307,329 |
| Contributions, gifts, grants paid | $5,584,103 |
| Total expenses and disbursements | $11,891,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,298,765 |
| Savings and temporary cash investments | $1,290,374 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $82,136 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $278,483,027 |
| Net Land, buildings, and equipment | $3,355,271 |
| Other assets | $621,092 |
| Total assets | $285,130,665 |
| Accounts payable and accrued expenses | $379,407 |
| Grants payable | $12,095 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,062,075 |
| Total liabilities | $1,453,577 |
Grants Awarded
Over the last fiscal year, Flinn Foundation has awarded $12,580,190 in support to 95 organizations.
| Grant Recipient | Amount |
|---|---|
UA COLLEGE OF MEDICINE PHOENIX PURPOSE: BUILDING TRANSLATIONAL RESEARCH | $4,020,000 |
UA COLLEGE OF MEDICINE PHOENIX PURPOSE: BUILDING TRANSLATIONAL RESEARCH | $1,500,000 |
UA COLLEGE OF MEDICINE PHOENIX PURPOSE: CLINICAL DECISION SUPPORT SYSTEM | $1,000,000 |
ARIZONA STATE UNIVERSITY PURPOSE: 2017-2021 SCHOLARSHIP AWARDS | $560,250 |
ARIZONA STATE UNIVERSITY PURPOSE: 2021 SCHOLARSHIP AWARDS | $526,500 |
UA COLLEGE OF MEDICINE PHOENIX PURPOSE: CLINICAL DECISION SUPPORT SYSTEM | $500,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Flinn Foundation has recieved totaling $292,513.
| Awarding Organization | Amount |
|---|---|
Thomas R Brown Family Foundation Tucson, AZ PURPOSE: Support | $292,513 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Alliance For Choice In Education Greenwood Village, CO | $60,249,872 | $34,038,450 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |