Phoenix Union Partnership Of Business And Education Inc
- Assets
- $1.3m
- Revenue
- $217.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Tempe, AZ
- Founding
- 01/1986
- Data as of
- 06/2022
- EIN
- 86-0523265
Organization Overview
Phoenix Union Partnership Of Business And Education Inc, operating under the name Phoenix Union Foundation for Education, is located in Tempe, AZ. The organization was established in 1986. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Phoenix Union Foundation for Education 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 06/2022, Phoenix Union Foundation for Education generated $217.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $244.5k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN OUR COMMUNITY BY INVESTING IN STUDENT SUCCESS, THROUGH SCHOLARSHIPS FOR HIGHER EDUCATION AND FINANCIAL SUPPORT TO TEACHERS, STAFF, AND ADMINISTRATORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IF FYE6/30/2022 THE ORGANIZATION DEVELOPED A RUBRIC AND A FORMALIZED PROCESS FOR EDUCATOR MINI-GRANT APPLICATIONS. INCREASED MARKETING AND AWARENESS EFFORTS RESULTING IN 34 APPLICATIONS WHICH IS A SIGNIFICANT INCREASE FROM THE PAST. ALMOST 4000 AWARDED. IN ADDITION, WE MADE A 10,000 DONATION TO THE PHOENIX PUBLIC LIBRARY FOUNDATION TOWARDS COLLEGE DEPOT IN SUPPORTING PXU STUDENTS AND FAMILIES AND AWARDED OVER 90,000 IN SCHOLARSHIPS TO PXU SENIORS CHOOSING POST-SECONDARY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Taylor Executive Director From 9/1/2021 | Officer | 40 | $21,767 |
April Coleman President | OfficerTrustee | 5 | $0 |
Daniel Leis Treasurer | OfficerTrustee | 3 | $0 |
Martin Perez Vice-President | OfficerTrustee | 3 | $0 |
Cyndi Tercero Director | Trustee | 1 | $0 |
Cindy Quintero Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $45,680 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,374 |
| Noncash contributions included in lines 1a–1f | $2,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,054 |
| Total Program Service Revenue | $22,050 |
| Investment income | $17,140 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,488 |
| Net Income from Fundraising Events | -$5,121 |
| Net Income from Gaming Activities | -$890 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $217,721 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,073 |
| Grants and other assistance to domestic individuals. | $95,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $51,567 |
| Compensation of current officers, directors, key employees. | $30,940 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,945 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,777 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,717 |
| Fees for services: Other | $5,825 |
| Advertising and promotion | $13,950 |
| Office expenses | $10,216 |
| Information technology | $6,532 |
| 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 | $15,402 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,786 |
| All other expenses | $0 |
| Total functional expenses | $244,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,954 |
| Savings and temporary cash investments | $60,353 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $970 |
| 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 | $500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,070,264 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,314,041 |
| Accounts payable and accrued expenses | $1,299 |
| Grants payable | $143,750 |
| 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 | $145,049 |
| Net assets without donor restrictions | $1,053,199 |
| Net assets with donor restrictions | $115,793 |
| 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 | $1,314,041 |
Grants Awarded
Over the last fiscal year, Phoenix Union Partnership Of Business And Education Inc has awarded $17,073 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Phoenix, AZ PURPOSE: Funding assistance for College Depot | $10,000 |
OTHERS UNDER THRESHOLD REPORTING | | | $7,073 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Phoenix Union Partnership Of Business And Education Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Arizona Community Foundation Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $5,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,000 |
Endowment Analysis
| Beg. Balance | $864,296 |
| Earnings | -$58,037 |
| Admin Expense | $10,868 |
| Net Contributions | $139,873 |
| Grants | $19,750 |
| Ending Balance | $915,514 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Magnolia Educational & Research Foundation Los Angeles, CA | $67,129,472 | $66,230,945 |
Panda Cares Foundation Inc Las Vegas, NV | $37,372,072 | $45,451,718 |
Xq Institute Oakland, CA | $14,589,368 | $51,717,404 |
Room To Read San Francisco, CA | $51,354,748 | $61,954,261 |
South Bay Workforce Investment Board Inc Hawthorne, CA | $7,623,488 | $36,083,167 |
Compass Charter Schools Thousand Oaks, CA | $14,467,036 | $29,961,787 |
New Teacher Center Santa Cruz, CA | $27,814,525 | $27,076,985 |
Alpha Public Schools Inc San Jose, CA | $20,794,542 | $26,321,038 |
Give To Learn To Grow Foundation Culver City, CA | $40,470 | $188,892 |
Live Oak A Learning Center For Children San Francisco, CA | $40,489,721 | $19,594,406 |
Biocomx Dana Point, CA | $308,692 | $15,969,949 |
Open Up Resources Menlo Park, CA | $29,661,554 | $16,279,319 |