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The Speranza Foundation

Tax-deductible

Mesa, AZ501(c)(3)ReligionEIN 20-1833020Revenue $3.2M in FY2024

On file with the IRS1223 S Clearview Ave Ste 103, 85209-3306 · Mesa, AZTax-exempt since Mar 2007Supporting organization — 509(a)(3)

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Supported the church of jesus christ of latter-day saints

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $1.2M a year · 49% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.2M
+11% vs prior year
Spent
$1.2M
To programs
98%
Net assets
$3.8M
By yearFY2020–FY2024
Revenue
$3.2M
FY2024▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$890K
FY2021$4.7M
FY2022$358K
FY2023$2.9M
FY2024$3.2M
Expenses
$1.2M
FY2024▼ -20%
Tap a bar for its year
Expenses by fiscal year
FY2020$697K
FY2021$978K
FY2022$1.8M
FY2023$1.5M
FY2024$1.2M
Net assets
$3.8M
FY2024▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.5M
FY2021$5.3M
FY2022$3.7M
FY2023$3.8M
FY2024$3.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $1.2M Management & general 2% · $19K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Speranza Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides support to The Church of Jesus Christ of Latter-day Saints.

Questions for The Speranza Foundation

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Provided by the organization

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1 program · $1.2M · in their own filed words · FY2024
01

In accordance with this supporting organization's primary exempt purpose, it supported the church of jesus christ of latter day saints in response to needs identified by the church and communicated to the support organization.

$1.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 43 grants · $6.0M · 2020–2024
The Church of Jesus Christ of Latter Day SaintsFY2024$975,787
Becket FundDC · FY2024$75,000
House of Refuge INCAZ · FY2024$33,000
International Center for Law and Religion StudiesUT · FY2024$25,000
Witherspoon Institute INCNJ · FY2024$25,000
National Center on Sexual Exploitation INCDC · FY2024$16,667
More Good FoundationUT · FY2024$10,000
Care for Life INCAZ · FY2024$10,000
The Church of Jesus Christ of Latter Day SaintsFY2023$1,255,099
Becket FundDC · FY2023$75,000
House of Refuge INCAZ · FY2023$33,000
International Center for Law and Religion StudiesUT · FY2023$25,000
Witherspoon Institute INCNJ · FY2023$25,000
National Center on Sexual Exploitation INCDC · FY2023$16,667
Arizona Brainfood INCAZ · FY2023$15,000
More Good FoundationUT · FY2023$10,000
Care for Life INCAZ · FY2023$10,000
The Church of Jesus Christ of Latter Day SaintsFY2022$1,372,849
See all 43 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.2M
Ln 12
Investment incomeLn 3$1.9M
Gifts and grantsLn 1h$1.3M
Money outPt IX
$1.2M
Ln 25
Programscol B$1.2M
Managementcol C$19K
Owns and owesPt X
$3.8M
net assets · Ln 32
Cash and savingsLn 1–2$718K
Total assetsLn 16$3.8M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Noncash giftsLn 1g$1.3M
Investment incomeLn 3$1.9M
Gains on assetsLn 7$1.9M
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
CashLn 1$716K
SavingsLn 2$2K
Cash and savings togetherLn 1–2$718K
Land, buildings, equipmentLn 10c$3.1M
Total assetsLn 16$3.8M
LiabilitiesLn 26$0
Net assetsLn 32$3.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$10K$718K
Land, buildings, equipmentLn 10c$3.6M$3.1M
Total assetsLn 16$3.8M$3.8M
LiabilitiesLn 26$12K$0
Net assetsLn 32$3.8M$3.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.2M$1.2M
Legal feesLn 11b$34$34
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$130$130
InsuranceLn 23$461$461
Other expenses (24a–d)Ln 24$14K$14K
Total functional expensesLn 25$1.2M$1.2M$19K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.2M$1.2M$2.0M$3.8M 990 PDF
FY2023 $2.9M$1.5M$1.4M$3.8M 990 PDF
FY2022 $358K$1.8M−$1.4M$3.7M 990 PDF
FY2021 $4.7M$978K$3.7M$5.3M 990 PDF
FY2020 $890K$697K$193K$3.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $3,177,326 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,720,000$1,285,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,143,087$1,892,326
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,863,087$3,177,326
I-13 Grants and similar amounts paidPrior year $1,474,766$1,175,454
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $15,966$18,656
I-18 Total expensesPrior year $1,490,732$1,194,110
I-19 Revenue less expensesPrior year $1,372,355$1,983,216
Part VI · Governance 2 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $3,177,326 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,285,000
VIII-1g Noncash contributions (included above)$1,285,000
VIII-1h Total contributions, gifts and grants$1,285,000
VIII-3 Investment incomeExcluded from tax $7,968$7,968
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,884,358$1,884,358
VIII-12 Total revenueRelated to mission $1,884,358 · Unrelated business $0 · Excluded from tax $7,968$3,177,326
Part IX · Statement of functional expenses $1,194,110 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $1,175,454$1,175,454
IX-11b Legal feesManagement $34$34
IX-11c Accounting feesManagement $3,650$3,650
IX-11g Other fees for servicesManagement $130$130
IX-23 InsuranceManagement $461$461
IX-24 Other expenses (24a–d)Management $14,381$14,381
IX-25 Total functional expensesPrograms $1,175,454 · Management $18,656 · Fundraising $0$1,194,110
Part X · Balance sheet $3,846,797 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $8,739$715,959
X-2 Savings and temporary cash investmentsStart of year $1,735$1,748
X-4 Accounts receivableStart of year $157,551$35,340
X-10c Land, buildings and equipment, netStart of year $3,639,873$3,093,750
X-16 Total assetsStart of year $3,813,299$3,846,797
X-26 Total liabilitiesStart of year $11,838$0
X-32 Total net assets or fund balancesStart of year $3,801,461$3,846,797
X-33 Total liabilities and net assetsStart of year $3,813,299$3,846,797
Part XI · Reconciliation of net assets $3,846,797 net assets at year end
XI-1 Total revenue$3,177,326
XI-2 Total expenses$1,194,110
XI-3 Revenue less expenses$1,983,216
XI-4 Net assets at start of year$3,801,461
XI-9 Other changes in net assets−$1,937,880
XI-10 Net assets at end of year$3,846,797

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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