32nd St Legacy Fund

Tax-deductible

Phoenix, AZ501(c)(3)Since 2011ReligionEIN 45-2860392Revenue $326K in FY2025

On file with the IRS13625 N 32nd St, 85032-6025 · Phoenix, AZTax-exempt since Sep 2014Supporting org, Type I — 509(a)(3)

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To support the activities of genesis, an evangelical covenant church, INC. Of phoenix, AZ.

501(c)(3) charity; gifts are tax-deductible.
85¢ 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
4 of 6
filings with a surplus
Average deficit $20K a year · 10% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 12.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.2M
73% of total assets
Worth a look: liabilities are 73% of assets; over 65%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$326K
+25% vs prior year
Spent
$230K
To programs
85%
Net assets
$823K
By yearFY2020–FY2025
Revenue
$326K
FY2025▲ +25%
Tap a bar for its year
Revenue by fiscal year
FY2020$41K
FY2021$204K
FY2022$214K
FY2023$165K
FY2024$261K
FY2025$326K
Expenses
$230K
FY2025▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2020$426K
FY2021$169K
FY2022$165K
FY2023$166K
FY2024$177K
FY2025$230K
Net assets
$823K
FY2025▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$554K
FY2021$589K
FY2022$638K
FY2023$637K
FY2024$721K
FY2025$823K

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 Sep 2014.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $196K Management & general 15% · $34K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer / President
$0Pt VII · Sec A
See 32nd St Legacy Fund 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports Genesis, an evangelical church in Phoenix, Arizona.

Questions for 32nd St Legacy Fund

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Provided by the organization

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1 program · $196K · in their own filed words · FY2025
01

Own and manage property for the benefit of genesis, an evangelical covenant church, inc.

$196Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $225K · 2020–2025

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$326K
Ln 12
Other incomeLn 4–11$179K
Fees for servicesLn 2g$145K
Investment incomeLn 3$3K
Money outPt IX
$230K
Ln 25
Programscol B$196K
Managementcol C$34K
Owns and owesPt X
$823K
net assets · Ln 32
Cash and savingsLn 1–2$244K
Total assetsLn 16$3.1M
LiabilitiesLn 26$2.2M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$145K
Investment incomeLn 3$3K
Other incomeLn 4–11$179K
Total revenueLn 12$326K
Assets in detailPt X, end of year
CashLn 1$130K
SavingsLn 2$113K
Cash and savings togetherLn 1–2$244K
Land, buildings, equipmentLn 10c$2.8M
Other assetsLn 15$19K
Total assetsLn 16$3.1M
LiabilitiesLn 26$2.2M
Net assetsLn 32$823K
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$219K$244K
Land, buildings, equipmentLn 10c$2.8M$2.8M
Total assetsLn 16$3.1M$3.1M
LiabilitiesLn 26$2.3M$2.2M
Net assetsLn 32$721K$823K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K$10K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$600$600
Office expensesLn 13$325$325
OccupancyLn 16$32K$32K
InterestLn 20$92K$92K$101
Depreciation, depletion and amortizationLn 22$49K$49K
InsuranceLn 23$14K$13K$1K
Other expenses (24a–d)Ln 24$30K$30K
Total functional expensesLn 25$230K$196K$34K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $326K$230K$97K$823K 990 PDF
FY2024 $261K$177K$85K$721K 990 PDF
FY2023 $165K$166K−$1K$637K 990 PDF
FY2022 $214K$165K$49K$638K 990 PDF
FY2021 $204K$169K$34K$589K 990 PDF
FY2020 $41K$426K−$385K$554K 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 $326,419 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $138,978$144,523
I-10 Investment incomePrior year $3,133$3,200
I-11 Other revenuePrior year $119,235$178,696
I-12 Total revenuePrior year $261,346$326,419
I-13 Grants and similar amounts paidPrior year $8,716$10,000
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 $168,038$219,788
I-18 Total expensesPrior year $176,754$229,788
I-19 Revenue less expensesPrior year $84,592$96,631
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $326,419 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $144,523$144,523
VIII-3 Investment incomeExcluded from tax $3,200$3,200
VIII-6 Net rental income or lossUnrelated business $143,356 · Excluded from tax $35,340$178,696
VIII-12 Total revenueRelated to mission $144,523 · Unrelated business $143,356 · Excluded from tax $38,540$326,419
Part IX · Statement of functional expenses $229,788 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $10,000$10,000
IX-11b Legal feesManagement $2,000$2,000
IX-11c Accounting feesManagement $600$600
IX-13 Office expensesManagement $325$325
IX-16 OccupancyPrograms $32,467$32,467
IX-20 InterestPrograms $91,748 · Management $101$91,849
IX-22 Depreciation, depletion and amortizationPrograms $48,570$48,570
IX-23 InsurancePrograms $12,878 · Management $1,204$14,082
IX-24 Other expenses (24a–d)Management $29,895$29,895
IX-25 Total functional expensesPrograms $195,663 · Management $34,125 · Fundraising $0$229,788
Part X · Balance sheet $3,067,694 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $113,989$130,130
X-2 Savings and temporary cash investmentsStart of year $105,213$113,464
X-4 Accounts receivableStart of year $9,113$9,420
X-10c Land, buildings and equipment, netStart of year $2,814,196$2,795,847
X-15 Other assetsStart of year $21,017$18,833
X-16 Total assetsStart of year $3,063,528$3,067,694
X-19 Deferred revenueStart of year $16,993$32,696
X-25 Other liabilitiesStart of year $81,678$74,097
X-26 Total liabilitiesStart of year $2,342,230$2,244,910
X-27 Net assets without donor restrictionsStart of year $721,298$822,784
X-32 Total net assets or fund balancesStart of year $721,298$822,784
X-33 Total liabilities and net assetsStart of year $3,063,528$3,067,694
Part XI · Reconciliation of net assets $822,784 net assets at year end
XI-1 Total revenue$326,419
XI-2 Total expenses$229,788
XI-3 Revenue less expenses$96,631
XI-4 Net assets at start of year$721,298
XI-8 Prior period adjustments$4,855
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$822,784

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

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