Brophy Community Foundation
- Assets
- $21.9m
- Revenue
- $12.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 12/1998
- Data as of
- 06/2022
- EIN
- 86-0929111
Organization Overview
Brophy Community Foundation is located in Phoenix, AZ. The organization was established in 1998. 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. Brophy Community 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 06/2022, Brophy Community Foundation generated $12.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $10.6m during the year ending 06/2022. While expenses have increased by 13.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE BROPHY COMMUNITY FOUNDATION, ONE OF ARIZONA'S EARLIEST SCHOOL TUITION ORGANIZATIONS, IS TO RAISE AND DISTRIBUTE FUNDS FOR ARIZONA FAMILIES WITH A VERIFIED FINANCIAL NEED AND MAKE PRIVATE K-12 EDUCATION AFFORDABLE AND ACCESSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RAISED $10,487,250 IN CORPORATE DONATIONS, $1,805,456 IN INDIVIDUAL DONATIONS, AND $91,030 COMPANIES' MATCHING CONTRIBUTIONS ON BEHALF OF THEIR EMPLOYEES FOR THE FY 2021-2022. THE FOUNDATION AWARDED 2,768 TUITION AID AWARDS TOTALING $10,269,502 TO PRIMARILY LOW INCOME AND WORKING POOR FAMILIES FOR THE 2021-2022 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adria Renke President | OfficerTrustee | 5 | $0 |
Scott Cassidy Executive Direc | Officer | 32 | $0 |
Barbara Meaney Director | Trustee | 1 | $0 |
Craig Williams Director | Trustee | 1 | $0 |
John Musil Director | Trustee | 1 | $0 |
Carrie Hall Director | Trustee | 1 | $0 |
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 | $12,383,736 |
| Noncash contributions included in lines 1a–1f | $8,700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,383,736 |
| Total Program Service Revenue | $0 |
| Investment income | $18,666 |
| 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 | $12,402,402 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,269,502 |
| 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 | $152,401 |
| Pension plan accruals and contributions | $52,617 |
| 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 | $3,031 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,700 |
| 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 | $1,386 |
| All other expenses | $20,879 |
| Total functional expenses | $10,630,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $931,751 |
| Savings and temporary cash investments | $20,999,878 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $259 |
| Total assets | $21,931,888 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $15,678,126 |
| 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 | $15,678,126 |
| Net assets without donor restrictions | $6,253,762 |
| 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 | $21,931,888 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Brophy Community Foundation has recieved totaling $4,683.
| Awarding Organization | Amount |
|---|---|
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $2,500 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $1,183 |
Baird Foundation Inc Milwaukee, WI PURPOSE: EDUCATION | $500 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $125 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $125 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $125 |
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 |