Thunderbird Foundation a Trust EIN 23-7163480 Form 990 (PDF) Claim this org

Thunderbird Foundation a Trust

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Provides grants and scholarships to support amateur athletes, youth sports teams, and athletic programs in the Phoenix metropolitan area. For fiscal year 2025 it reported $497K in revenue, $503K in expenses, and $18K in net assets.Pt I

Type
Membership association · Nonprofit
Location
Phoenix, AZ
Website
www.wmphoenixopen.com
Filings
6 on file (2020–2025)
Revenue
$497KFY2025
Expenses
$503K
Net assets
$18K
People
15
Filings
6
Updates
0
More identity details & actions ⌄
EIN  23-7163480 Membership association Phoenix, AZ
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides grants and scholarships to support amateur athletes, youth sports teams, and athletic programs in the Phoenix metropolitan area.
Leadership
Bull Earnhardt · Trustee
Money in and out
$497K revenue, $503K expenses
Bottom line
-1% operating surplus
Membership & operating revenue · FY2025
Total revenue
$497K
Pt VIII · Ln 12
Total expenses
$503K
Pt IX · Ln 25
Net assets
$18K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$6K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Operating surplus
-1%
revenue over expenses▼ -51% vs prior filing year
Earned revenue
0%
of revenue from program services & dues
Program spending
98%
of expenses reach member services▼ -1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$497K
FY2025▼ -6%
Expenses
$503K
FY2025▼ -5%
Total assets
$18K
FY2025▼ -25%
Total liabilities
$0
FY2025
Total revenue
$497K
Pt VIII · Ln 12
Total expenses
$503K
Pt IX · Ln 25
Net assets
$18K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$6K
Total assetsPt X · Ln 16$18K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

2 program services account for $491K of program spending, described in the organization's own filed words · FY2024.
01

The thunderbird foundation provided grants to 236 high school and 11 collegiate golf teams for annual operating expenses in the amounts of $236,000 and $11,000 respectively.

$247Kprogram expense
02

The thunderbird foundation provided grants and scholarships to 46 various amateur athlete scholarship programs, athletic organizations and teams to fund their specific program needs in the amount of $244,000.

$244Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThunderbird Foundation a Trust
EINHdr · item D23-7163480
Principal addressHdr · item CPhoenix, AZ
WebsiteHdr · item Jwww.wmphoenixopen.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFApr 1972

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$497K
Total revenueLn 12$497K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$491K
Management & general2%$12K
Total functional expensesLn 25$503K

Balance Sheet

Part X · end of year
CashLn 1$18K
Total assetsLn 16$18K
Total liabilitiesLn 26$0
Total net assetsLn 32$18K
Months of cash on handcomputed0.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $18K · Operating expenses/yr $503K
0.4 months
Where the money goes
Program services
Program services $491K · Total expenses $503K
98%
Management & General
Management & general $12K · Total expenses $503K
2%
Fundraising
Fundraising $0 · Total expenses $503K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $506K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $497K · Total revenue $497K
100%
Government reliance
Government grants — · Total revenue $497K
Earned-income share
Program service revenue $0 · Total revenue $497K
0%
Investment reliance
Investment income $0 · Total revenue $497K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $503K
0%
Growth & trend
Revenue growth (YoY)
This year $497K · Prior year $528K
-6%
Revenue CAGR
FY2019 $427K · FY2024 $497K
+3%
Net-asset trend (YoY)
End of year $18K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $497K · Expenses $503K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $18K
Net-asset ratio
Net assets $18K · Total assets $18K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $18K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Bull Earnhardt · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $503K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $503K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth -6%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
The ThunderbirdsFY2024$497K
Total grants receivedfrom 1 funder$497K
Grants paid · 88 grants · $770K · 2019–2024
Gene Lewis Boxing Club LLCAZ · FY2024$10,000
The Salvation ArmyHI · FY2024$10,000
RammsAZ · FY2024$10,000
Little League Baseball INCAZ · FY2024$10,000
Arizona Soccer AssociationAZ · FY2024$10,000
Little League Baseball INCAZ · FY2024$7,500
Junior Golf UniversityAZ · FY2024$7,500
Little League Baseball INCAZ · FY2024$5,000
Arizona District 14 Challenger Little LeagueFY2024$5,000
Team Impact Foundation INCAZ · FY2024$5,000
Solanos No Limit HoopsAZ · FY2024$5,000
See all 88 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$497K revenue · viewing · ⤓ 990 PDF
FY2024$528K revenue · ⤓ 990 PDF
FY2023$494K revenue · ⤓ 990 PDF
FY2022$470K revenue · ⤓ 990 PDF
FY2021$402K revenue · ⤓ 990 PDF
FY2020$427K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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