Arizona Chamber Foundation FY2020 filing

Tax-deductible

Scottsdale, AZ501(c)(3)EducationEIN 20-5129621Revenue $536K in FY2020

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.
38¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
38%
of spending
Concern: 38% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
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
$401K
369% of total assets
Concern: liabilities are 369% of assets; over 80%.
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
$536K
-81% vs prior year
Spent
$1.2M
To programs
38%
Net assets
−$292K
By yearFY2019–FY2025
Revenue
$536K
FY2020▼ -81%
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
$1.2M
FY2020▼ -68%
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
−$292K
FY2020▼ -180%
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 FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 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

38 cents of each dollar spent went to programs.

Program services 38% · $457K Management & general 34% · $410K Fundraising 27% · $324K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair, Finance
$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.

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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.

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Provided by the organization

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3 programs · $447K · in their own filed words · FY2019
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 that most students can attend the highest quality schools possible, especially in low-income communities.

$186Kprogram expense
02

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

$132Kprogram expense
03

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

$129Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$536K
Ln 12
Gifts and grantsLn 1h$578K
Fees for servicesLn 2g$27K
Investment incomeLn 3$1K
Money outPt IX
$1.2M
Ln 25
Programscol B$457K
Managementcol C$410K
Fundraisingcol D$324K
Owns and owesPt X
−$292K
net assets · Ln 32
Cash and savingsLn 1–2$7K
Total assetsLn 16$109K
LiabilitiesLn 26$401K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$578K
Government grantsLn 1e$88K
Fundraising eventsLn 1c$79K
Fees for servicesLn 2g$27K
Investment incomeLn 3$1K
Gains on assetsLn 7−$11K
Total revenueLn 12$536K
Assets in detailPt X, end of year
CashLn 1$7K
Cash and savings togetherLn 1–2$7K
Land, buildings, equipmentLn 10c$14K
Total assetsLn 16$109K
LiabilitiesLn 26$401K
Net assetsLn 32−$292K
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 FY20End FY20
Cash and savingsLn 1–2$840K$7K
Land, buildings, equipmentLn 10c$28K$14K
Total assetsLn 16$974K$109K
LiabilitiesLn 26$607K$401K
Net assetsLn 32$367K−$292K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$76K$76K
Management feesLn 11a$495K$96K$202K$197K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$17K$17K
Other fees for servicesLn 11g$441K$216K$115K$110K
Advertising and promotionLn 12$2K$1K$7$1K
Office expensesLn 13$12K$2K$9K$1K
Information technologyLn 14$29K$9K$18K$1K
OccupancyLn 16$63K$38K$21K$4K
TravelLn 17$16K$11K$3K$2K
Conferences, conventions and meetingsLn 19$16K$7K$2K$7K
Depreciation, depletion and amortizationLn 22$16K$16K
Other expenses (24a–d)Ln 24$3K$648$3K$75
Total functional expensesLn 25$1.2M$457K$410K$324K

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 Viewing $536K$1.2M−$654K−$292K 990 PDF
FY2019 $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 FY2020 990 (6 parts)
Part I · Summary $536,435 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,824,851$577,755
I-9 Program service revenuePrior year $12,600$26,969
I-10 Investment incomePrior year $19,950−$10,096
I-11 Other revenuePrior year $3,097−$58,193
I-12 Total revenuePrior year $2,860,498$536,435
I-13 Grants and similar amounts paidPrior year $230,000$76,000
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 $3,538,283$1,114,656
I-18 Total expensesPrior year $3,768,283$1,190,656
I-19 Revenue less expensesPrior year −$907,785−$654,221
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 $536,435 across 9 lines filed
VIII-1c Fundraising events$79,000
VIII-1e Government grants$87,500
VIII-1f All other contributions, gifts and grants$411,255
VIII-1h Total contributions, gifts and grants$577,755
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $26,969$26,969
VIII-3 Investment incomeExcluded from tax $1,361$1,361
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$11,457−$11,457
VIII-8 Net income from fundraising eventsExcluded from tax −$58,193−$58,193
VIII-12 Total revenueRelated to mission $26,969 · Unrelated business $0 · Excluded from tax −$68,289$536,435
Part IX · Statement of functional expenses $1,190,656 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $76,000$76,000
IX-11a Management feesPrograms $96,329 · Management $201,725 · Fundraising $197,143$495,197
IX-11b Legal feesManagement $5,000$5,000
IX-11c Accounting feesManagement $16,808$16,808
IX-11g Other fees for servicesPrograms $215,581 · Management $115,036 · Fundraising $110,021$440,638
IX-12 Advertising and promotionPrograms $1,144 · Management $7 · Fundraising $1,092$2,243
IX-13 Office expensesPrograms $1,834 · Management $8,524 · Fundraising $1,467$11,825
IX-14 Information technologyPrograms $9,389 · Management $18,123 · Fundraising $1,215$28,727
IX-16 OccupancyPrograms $38,111 · Management $21,316 · Fundraising $3,634$63,061
IX-17 TravelPrograms $10,592 · Management $2,862 · Fundraising $2,294$15,748
IX-19 Conferences, conventions and meetingsPrograms $7,031 · Management $2,391 · Fundraising $6,766$16,188
IX-22 Depreciation, depletion and amortizationManagement $15,723$15,723
IX-24 Other expenses (24a–d)Programs $648 · Management $2,775 · Fundraising $75$3,498
IX-25 Total functional expensesPrograms $456,659 · Management $410,290 · Fundraising $323,707$1,190,656
Part X · Balance sheet $108,725 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $839,741$7,260
X-4 Accounts receivableStart of year $70,975$87,500
X-10c Land, buildings and equipment, netStart of year $28,492$13,965
X-16 Total assetsStart of year $974,158$108,725
X-17 Accounts payable and accrued expensesStart of year $593,752$400,913
X-19 Deferred revenueStart of year $13,123$0
X-26 Total liabilitiesStart of year $606,875$400,913
X-27 Net assets without donor restrictionsStart of year −$511,786−$292,188
X-28 Net assets with donor restrictionsStart of year $879,069$0
X-32 Total net assets or fund balancesStart of year $367,283−$292,188
X-33 Total liabilities and net assetsStart of year $974,158$108,725
Part XI · Reconciliation of net assets −$292,188 net assets at year end
XI-1 Total revenue$536,435
XI-2 Total expenses$1,190,656
XI-3 Revenue less expenses−$654,221
XI-4 Net assets at start of year$367,283
XI-9 Other changes in net assets−$5,250
XI-10 Net assets at end of year−$292,188

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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