Arizona Chamber Foundation FY2019 filing

Tax-deductible

Scottsdale, AZ501(c)(3)EducationEIN 20-5129621Revenue $2.9M in FY2019

On file with the IRSazchamberfoundation.org11445 E Via Linda 2 352, 85259-2655 · Scottsdale, AZTax-exempt since Sep 2008Publicly supported charity — 170(b)(1)(A)(vi)

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The Arizona Chamber Foundation is dedicated to expanding economic opportunity in Arizona through research and initiatives that focus on the core drivers of economic prosperity.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2019 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 7
filings with a surplus
Average deficit $25K a year · 3% of revenue · last 7 filings
Concern: a surplus in 3 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $17K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$607K
62% of total assets
Fine: liabilities are 62% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.9M
Spent
$3.8M
To programs
68%
Net assets
$367K
By yearFY2019–FY2025
Revenue
$2.9M
FY2019
Tap a bar for its year
Revenue by fiscal year
FY2019$2.9M
FY2020$536K
FY2021$960K
FY2022$236K
FY2023$1.4M
FY2024$609K
FY2025$234K
Expenses
$3.8M
FY2019
Tap a bar for its year
Expenses by fiscal year
FY2019$3.8M
FY2020$1.2M
FY2021$551K
FY2022$327K
FY2023$398K
FY2024$455K
FY2025$369K
Net assets
$367K
FY2019
Tap a bar for its year
Net assets by fiscal year
FY2019$367K
FY2020−$292K
FY2021$117K
FY2022$26K
FY2023$1.1M
FY2024$1.2M
FY2025$1.1M

From the FY2019 Form 990 (year ending June 2019) · see the original

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You’re viewing the FY2019 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2008.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $2.6M Management & general 29% · $1.1M Fundraising 3% · $98K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2018); the FY2019 filing did not itemize Part VII
Interim Chie
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Vice Chair O
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Eileen Klein Vive AZ LLC’s $108K as Acting Executive Director is at the 87th percentile of top reported officer pay among 1612 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023
Eileen Klein Vive AZ LLC$108,000——
Eileen Klein—$108,000—
Eileeen Klein——$108,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Arizona Chamber 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Expands economic opportunity in Arizona through research and initiatives.

Provided by the organization

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3 programs · $2.4M · in their own filed words · FY2018
01

A for arizona project exists to redefine arizona as a state where significant and repaid gains in achievement are a hallmark of public education. The project's goal is to ensure the most students can attend the highest quality schools as fas as possible, expecially in low-income communities.

$1.1Mprogram expense
02

Chamber business news is the organizatioin's digital media platform that delivers insider information, engages newsmakers, and addresses statewide issues that drive arizona toward a brighter and more prosperous future.

$689Kprogram expense
03

Research and Policy

The organization publishes timely briefs and recommendations to inform business leaders, policymakers, and the public on issues critical to arizona's success.

$669Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$17K
Grants paid · 6 grants · $315K · 2018–2023
Arizona Chamber of CommerceAZ · FY2023$15,000
Vail Unified School DistrictFY2018$75,000
Math & Science Success AdademyFY2018$75,000
Individual RecipientFY2018$40,000
AZ Charter AcademyFY2018$40,000

By the numbers

The FY2019 990, line by line.

1The main four
Money inPt VIII
$2.9M
Ln 12
Gifts and grantsLn 1h$2.8M
Investment incomeLn 3$20K
Fees for servicesLn 2g$13K
Money outPt IX
$3.8M
Ln 25
Programscol B$2.6M
Managementcol C$1.1M
Fundraisingcol D$98K
Owns and owesPt X
$367K
net assets · Ln 32
Cash and savingsLn 1–2$840K
Total assetsLn 16$974K
LiabilitiesLn 26$607K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.8M
Fees for servicesLn 2g$13K
Investment incomeLn 3$20K
Other incomeLn 4–11$3K
Total revenueLn 12$2.9M
Assets in detailPt X, end of year
CashLn 1$840K
Cash and savings togetherLn 1–2$840K
Land, buildings, equipmentLn 10c$28K
Other assetsLn 15$16K
Total assetsLn 16$974K
LiabilitiesLn 26$607K
Net assetsLn 32$367K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY19End FY19
Cash and savingsLn 1–2$1.4M$840K
Land, buildings, equipmentLn 10c$30K$28K
Total assetsLn 16$1.5M$974K
LiabilitiesLn 26$190K$607K
Net assetsLn 32$1.3M$367K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$230K$230K
Management feesLn 11a$1.4M$964K$465K
Legal feesLn 11b$9K$4K$4K
Accounting feesLn 11c$100K$100K
Professional fundraising feesLn 11e$29K$29K
Other fees for servicesLn 11g$1.3M$891K$339K$68K
Advertising and promotionLn 12$39K$30K$9K
Office expensesLn 13$192K$161K$31K$174
Information technologyLn 14$37K$17K$20K
OccupancyLn 16$82K$2K$79K$67
TravelLn 17$60K$46K$14K$2
Conferences, conventions and meetingsLn 19$229K$225K$5K
InterestLn 20$21$21
Depreciation, depletion and amortizationLn 22$16K$16K
Other expenses (24a–d)Ln 24$19K$2K$17K
Total functional expensesLn 25$3.8M$2.6M$1.1M$98K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $234K$369K−$134K$1.1M 990 PDF
FY2024 $609K$455K$154K$1.2M 990 PDF
FY2023 $1.4M$398K$1.0M$1.1M 990 PDF
FY2022 $236K$327K−$91K$26K 990 PDF
FY2021 $960K$551K$409K$117K 990 PDF
FY2020 $536K$1.2M−$654K−$292K 990 PDF
FY2019 Viewing $2.9M$3.8M−$908K$367K 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 FY2019 990 (6 parts)
Part I · Summary $2,860,498 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,120,480$2,824,851
I-9 Program service revenue$12,600
I-10 Investment incomePrior year $4,314$19,950
I-11 Other revenuePrior year $2,393$3,097
I-12 Total revenuePrior year $3,127,187$2,860,498
I-13 Grants and similar amounts paidPrior year $800,000$230,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$29,250
I-17 Other expensesPrior year $1,523,465$3,509,033
I-18 Total expensesPrior year $2,323,465$3,768,283
I-19 Revenue less expensesPrior year $803,722−$907,785
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,860,498 across 6 lines filed
VIII-1f All other contributions, gifts and grants$2,824,851
VIII-1h Total contributions, gifts and grants$2,824,851
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,600$12,600
VIII-3 Investment incomeExcluded from tax $19,950$19,950
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,097$3,097
VIII-12 Total revenueRelated to mission $12,600 · Excluded from tax $23,047$2,860,498
Part IX · Statement of functional expenses $3,768,283 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $230,000$230,000
IX-11a Management feesPrograms $963,510 · Management $464,942$1,428,452
IX-11b Legal feesPrograms $4,422 · Management $4,373$8,795
IX-11c Accounting feesManagement $100,451$100,451
IX-11e Professional fundraising feesFundraising $29,250$29,250
IX-11g Other fees for servicesPrograms $891,356 · Management $338,707 · Fundraising $68,346$1,298,409
IX-12 Advertising and promotionPrograms $30,010 · Management $9,402$39,412
IX-13 Office expensesPrograms $160,896 · Management $30,790 · Fundraising $174$191,860
IX-14 Information technologyPrograms $16,514 · Management $20,123$36,637
IX-16 OccupancyPrograms $2,182 · Management $79,330 · Fundraising $67$81,579
IX-17 TravelPrograms $45,785 · Management $13,873 · Fundraising $2$59,660
IX-19 Conferences, conventions and meetingsPrograms $224,718 · Management $4,655$229,373
IX-20 InterestManagement $21$21
IX-22 Depreciation, depletion and amortizationManagement $15,548$15,548
IX-24 Other expenses (24a–d)Programs $2,324 · Management $16,512$18,836
IX-25 Total functional expensesPrograms $2,571,717 · Management $1,098,727 · Fundraising $97,839$3,768,283
Part X · Balance sheet $974,158 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,390,418$839,741
X-4 Accounts receivable$70,975
X-9 Prepaid expenses and deferred chargesStart of year $22,788$5,117
X-10c Land, buildings and equipment, netStart of year $29,944$28,492
X-14 Intangible assetsStart of year $22,083$14,333
X-15 Other assets$15,500
X-16 Total assetsStart of year $1,465,233$974,158
X-17 Accounts payable and accrued expensesStart of year $190,165$593,752
X-25 Other liabilities$13,123
X-26 Total liabilitiesStart of year $190,165$606,875
X-32 Total net assets or fund balancesStart of year $1,275,068$367,283
X-33 Total liabilities and net assetsStart of year $1,465,233$974,158
Part XI · Reconciliation of net assets $367,283 net assets at year end
XI-1 Total revenue$2,860,498
XI-2 Total expenses$3,768,283
XI-3 Revenue less expenses−$907,785
XI-4 Net assets at start of year$1,275,068
XI-10 Net assets at end of year$367,283

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

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