Gratitude Foundation INC

Tax-deductible

Prescott Vly, AZ501(c)(3)Since 2009Human ServicesEIN 26-4314058Revenue $479K in FY2025

On file with the IRS2651 N Industrial Way Ste A, 86314-3545 · Prescott Vly, AZTax-exempt since Dec 2009Publicly supported — 509(a)(2)

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To provide below market leases for 501c3s that provide advocacy, therapy, drug & alcohol recovery, job training & placement, and housing services to victimized recovering adults & children in west yavapai county.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 6 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
6 of 6
filings with a surplus
Average surplus $377K a year · 45% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 8.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $190K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 10 voting members
Looks good: 6 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$479K
-32% vs prior year
Spent
$416K
To programs
99%
Net assets
$2.9M
By yearFY2020–FY2025
Revenue
$479K
FY2025▼ -32%
Tap a bar for its year
Revenue by fiscal year
FY2020$838K
FY2021$1.2M
FY2022$647K
FY2023$1.1M
FY2024$703K
FY2025$479K
Expenses
$416K
FY2025▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$559K
FY2021$550K
FY2022$402K
FY2023$404K
FY2024$445K
FY2025$416K
Net assets
$2.9M
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$885K
FY2021$1.6M
FY2022$1.8M
FY2023$2.6M
FY2024$2.8M
FY2025$2.9M

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2009.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $411K Management & general 1% · $5K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
VP of Outreachdirector
$0Pt VII · Sec A
VP of Hrsecretary
$0Pt VII · Sec A
VP of Operationstreasurer
$0Pt VII · Sec A
VP of Servicesdirector
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chairpersondirector
$0Pt VII · Sec A
See Gratitude Foundation INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides space for services helping recovering women and children in West Yavapai County.

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Provided by the organization

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1 program · $411K · in their own filed words · FY2025
01

We leased building & equipment to 501C3S that provide services to women & children in west yavapai county that need services due to domestic violence, sexual assault, DRUG/ALCOHOL recovery, homelessness etc.

$411Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$190K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$479K
Ln 12
Fees for servicesLn 2g$479K
Investment incomeLn 3$29
Money outPt IX
$416K
Ln 25
Programscol B$411K
Managementcol C$5K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$302K
Total assetsLn 16$4.2M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$479K
Investment incomeLn 3$29
Total revenueLn 12$479K
Assets in detailPt X, end of year
CashLn 1$302K
Cash and savings togetherLn 1–2$302K
Land, buildings, equipmentLn 10c$3.9M
Total assetsLn 16$4.2M
LiabilitiesLn 26$1.4M
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$248K$302K
Land, buildings, equipmentLn 10c$4.1M$3.9M
Total assetsLn 16$4.3M$4.2M
LiabilitiesLn 26$1.5M$1.4M
Net assetsLn 32$2.8M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$24K$24K$256
Office expensesLn 13$2K$2K
OccupancyLn 16$87K$87K
InterestLn 20$102K$102K
Depreciation, depletion and amortizationLn 22$152K$152K
InsuranceLn 23$41K$41K$562
Other expenses (24a–d)Ln 24$6K$6K$40
Total functional expensesLn 25$416K$411K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $479K$416K$62K$2.9M 990 PDF
FY2024 $703K$445K$258K$2.8M 990 PDF
FY2023 $1.1M$404K$742K$2.6M 990 PDF
FY2022 $647K$402K$246K$1.8M 990 PDF
FY2021 $1.2M$550K$676K$1.6M 990 PDF
FY2020 $838K$559K$279K$885K 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 FY2025 990 (6 parts)
Part I · Summary $478,600 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $215,000$0
I-9 Program service revenuePrior year $487,913$478,571
I-10 Investment incomePrior year $5$29
I-11 Other revenue$0
I-12 Total revenuePrior year $702,918$478,600
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $445,252$416,493
I-18 Total expensesPrior year $445,252$416,493
I-19 Revenue less expensesPrior year $257,666$62,107
Part VI · Governance 6 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $478,600 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $478,571$478,571
VIII-3 Investment incomeExcluded from tax $29$29
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $478,571 · Unrelated business $0 · Excluded from tax $29$478,600
Part IX · Statement of functional expenses $416,493 across 8 lines filed
IX-11c Accounting feesManagement $2,575$2,575
IX-11g Other fees for servicesPrograms $23,922 · Management $256$24,178
IX-13 Office expensesManagement $1,694$1,694
IX-16 OccupancyPrograms $87,286$87,286
IX-20 InterestPrograms $101,860$101,860
IX-22 Depreciation, depletion and amortizationPrograms $151,840$151,840
IX-23 InsurancePrograms $40,590 · Management $562$41,152
IX-24 Other expenses (24a–d)Programs $5,868 · Management $40$5,908
IX-25 Total functional expensesPrograms $411,366 · Management $5,127 · Fundraising $0$416,493
Part X · Balance sheet $4,249,754 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $248,147$302,368
X-10c Land, buildings and equipment, netStart of year $4,099,226$3,947,386
X-16 Total assetsStart of year $4,347,373$4,249,754
X-26 Total liabilitiesStart of year $1,534,584$1,374,858
X-27 Net assets without donor restrictionsStart of year $2,812,789$2,874,896
X-32 Total net assets or fund balancesStart of year $2,812,789$2,874,896
X-33 Total liabilities and net assetsStart of year $4,347,373$4,249,754
Part XI · Reconciliation of net assets $2,874,896 net assets at year end
XI-1 Total revenue$478,600
XI-2 Total expenses$416,493
XI-3 Revenue less expenses$62,107
XI-4 Net assets at start of year$2,812,789
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,874,896

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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