Arizona Chamber Foundation FY2021 filing

Tax-deductible

Scottsdale, AZ501(c)(3)EducationEIN 20-5129621Revenue $960K in FY2021

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.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 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
$5K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$960K
+79% vs prior year
Spent
$551K
To programs
79%
Net assets
$117K
By yearFY2019–FY2025
Revenue
$960K
FY2021▲ +79%
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
$551K
FY2021▼ -54%
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
$117K
FY2021▲ +140%
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 FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 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

79 cents of each dollar spent went to programs.

Program services 79% · $434K Management & general 13% · $72K Fundraising 8% · $45K

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 (FY2020); the FY2021 filing did not itemize Part VII
Chairman Until 2-2021
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Board Member Until 1-2021
$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
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.

Questions for Arizona Chamber Foundation

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Provided by the organization

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3 programs · $299K · in their own filed words · FY2020
01

Chamber business news is the organization's 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.

$147Kprogram 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.

$141Kprogram expense
03

Arizona industry fellows is a non-partisan, educational program that explores how public policy impacts our economic landscape. The goal of this program is to immerse fellows in the industries that drive economic opportunity in arizona.

$11Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$960K
Ln 12
Gifts and grantsLn 1h$769K
Fees for servicesLn 2g$191K
Investment incomeLn 3$2
Money outPt IX
$551K
Ln 25
Programscol B$434K
Managementcol C$72K
Fundraisingcol D$45K
Owns and owesPt X
$117K
net assets · Ln 32
Cash and savingsLn 1–2$68K
Total assetsLn 16$122K
LiabilitiesLn 26$5K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$769K
Fees for servicesLn 2g$191K
Investment incomeLn 3$2
Total revenueLn 12$960K
Assets in detailPt X, end of year
CashLn 1$68K
Cash and savings togetherLn 1–2$68K
Land, buildings, equipmentLn 10c$9K
Total assetsLn 16$122K
LiabilitiesLn 26$5K
Net assetsLn 32$117K
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 FY21End FY21
Cash and savingsLn 1–2$7K$68K
Land, buildings, equipmentLn 10c$14K$9K
Total assetsLn 16$109K$122K
LiabilitiesLn 26$401K$5K
Net assetsLn 32−$292K$117K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$327K$276K$21K$30K
Accounting feesLn 11c$39K$39K
Professional fundraising feesLn 11e$12K$12K
Other fees for servicesLn 11g$155K$146K$10K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$2K$200$2K
Information technologyLn 14$5K$5K$272$272
OccupancyLn 16$3K$2K$132$132
Depreciation, depletion and amortizationLn 22$5K$5K$257$257
Total functional expensesLn 25$551K$434K$72K$45K

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 Viewing $960K$551K$409K$117K 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $959,644 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $577,755$769,050
I-9 Program service revenuePrior year $26,969$190,592
I-10 Investment incomePrior year −$10,096$2
I-11 Other revenuePrior year −$58,193$0
I-12 Total revenuePrior year $536,435$959,644
I-13 Grants and similar amounts paidPrior year $76,000$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$12,500
I-17 Other expensesPrior year $1,114,656$538,192
I-18 Total expensesPrior year $1,190,656$550,692
I-19 Revenue less expensesPrior year −$654,221$408,952
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $959,644 across 6 lines filed
VIII-1d Related organizations$639,050
VIII-1f All other contributions, gifts and grants$130,000
VIII-1h Total contributions, gifts and grants$769,050
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $190,592$190,592
VIII-3 Investment incomeExcluded from tax $2$2
VIII-12 Total revenueRelated to mission $190,592 · Unrelated business $0 · Excluded from tax $2$959,644
Part IX · Statement of functional expenses $550,692 across 9 lines filed
IX-11a Management feesPrograms $276,300 · Management $20,850 · Fundraising $29,850$327,000
IX-11c Accounting feesManagement $38,571$38,571
IX-11e Professional fundraising feesFundraising $12,500$12,500
IX-11g Other fees for servicesPrograms $145,885 · Management $9,600$155,485
IX-12 Advertising and promotionFundraising $1,500$1,500
IX-13 Office expensesPrograms $200 · Management $2,206$2,406
IX-14 Information technologyPrograms $4,904 · Management $272 · Fundraising $272$5,448
IX-16 OccupancyPrograms $2,376 · Management $132 · Fundraising $132$2,640
IX-22 Depreciation, depletion and amortizationPrograms $4,628 · Management $257 · Fundraising $257$5,142
IX-25 Total functional expensesPrograms $434,293 · Management $71,888 · Fundraising $44,511$550,692
Part X · Balance sheet $121,764 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $7,260$67,941
X-4 Accounts receivableStart of year $87,500$45,000
X-10c Land, buildings and equipment, netStart of year $13,965$8,823
X-16 Total assetsStart of year $108,725$121,764
X-17 Accounts payable and accrued expensesStart of year $400,913$5,000
X-26 Total liabilitiesStart of year $400,913$5,000
X-27 Net assets without donor restrictionsStart of year −$292,188$116,764
X-32 Total net assets or fund balancesStart of year −$292,188$116,764
X-33 Total liabilities and net assetsStart of year $108,725$121,764
Part XI · Reconciliation of net assets $116,764 net assets at year end
XI-1 Total revenue$959,644
XI-2 Total expenses$550,692
XI-3 Revenue less expenses$408,952
XI-4 Net assets at start of year−$292,188
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$116,764

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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