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

Thunderbird Foundation a Trust FY2022 filing

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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 2022 it reported $470K in revenue, $460K in expenses, and $25K in net assets.Pt I

Type
Membership association · Nonprofit
Location
Phoenix, AZ
Website
www.wmphoenixopen.com
Filings
6 on file (2020–2022)
Revenue
$470KFY2022
Expenses
$460K
Net assets
$25K
People
12
Filings
6
Updates
0
More identity details & actions ⌄
EIN  23-7163480 Membership association Phoenix, AZ
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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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
Chance Cozby · Executive Director
Money in and out
$470K revenue, $460K expenses
Bottom line
+2% operating surplus
Membership & operating revenue · FY2022
Total revenue
$470K
Pt VIII · Ln 12
Total expenses
$460K
Pt IX · Ln 25
Net assets
$25K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $10K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Operating surplus
+2%
revenue over expenses
Earned revenue
0%
of revenue from program services & dues
Program spending
98%
of expenses reach member services

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$470K
FY2022▲ +17%
Expenses
$460K
FY2022▲ +4%
Total assets
$25K
FY2022▲ +66%
Total liabilities
$0
FY2022
Total revenue
$470K
Pt VIII · Ln 12
Total expenses
$460K
Pt IX · Ln 25
Net assets
$25K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$10K
Total assetsPt X · Ln 16$25K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

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 1a10
Independent voting membersPt VI · Ln 1b10
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 (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$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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Mission & Programs · Part III

Where the work happens

2 program services account for $450K of program spending, described in the organization's own filed words · FY2021.
01

The thunderbird foundation provided grants and scholarships to 67 various amateur athlete scholarship programs, athletic organizations and teams to fund their specific program needs in the amount of $229,800.

$230Kprogram expense
02

The thunderbird foundation provided grants to 209 high school and 11 collegiate golf teams for annual operating expenses in the amounts of $209,000 and $11,000 respectively.

$220Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$470K
Total revenueLn 12$470K

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%$450K
Management & general2%$10K
Total functional expensesLn 25$460K

Balance Sheet

Part X · end of year
CashLn 1$25K
Total assetsLn 16$25K
Total liabilitiesLn 26$0
Total net assetsLn 32$25K
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $25K · Operating expenses/yr $460K
0.7 months
Where the money goes
Program services
Program services $450K · Total expenses $460K
98%
Management & General
Management & general $10K · Total expenses $460K
2%
Fundraising
Fundraising $0 · Total expenses $460K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $433K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $470K · Total revenue $470K
100%
Government reliance
Government grants — · Total revenue $470K
Earned-income share
Program service revenue $0 · Total revenue $470K
0%
Investment reliance
Investment income $0 · Total revenue $470K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $460K
0%
Growth & trend
Revenue growth (YoY)
This year $470K · Prior year $402K
+17%
Net-asset trend (YoY)
End of year $25K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $470K · Expenses $460K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $25K
Net-asset ratio
Net assets $25K · Total assets $25K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $25K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Chance Cozby · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $0 · Total expenses $460K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $460K
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 17%
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 · ⤓ 990 PDF
FY2024$528K revenue · ⤓ 990 PDF
FY2023$494K revenue · ⤓ 990 PDF
FY2022$470K revenue · viewing · ⤓ 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) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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