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32nd St Legacy Fund FY2020 filing

Tax-deductible

Phoenix, AZ501(c)(3)Since 2011Religion EIN 45-2860392Revenue $41K in FY2020Latest return filed Jul 22, 2026

On file with the IRSPhoenix, 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.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.7M
83% of total assets
Concern: liabilities are 83% of assets; over 80%.
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
$41K
Spent
$426K
To programs
100%
Net assets
$554K
By yearFY2020–FY2025
Revenue
$41K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$41K
FY2021$204K
FY2022$214K
FY2023$165K
FY2024$261K
FY2025$326K
Expenses
$426K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$426K
FY2021$169K
FY2022$165K
FY2023$166K
FY2024$177K
FY2025$230K
Net assets
$554K
FY2020
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 FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 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 2014.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $425K Management & general 0% · $1K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

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
Carrie McCulloch
Treasurer Until 9-2020
$0Pt VII · Sec A
Scott Andersen
Treasurer as of 9-2020
$0Pt VII · Sec A
Joe Groenwald
Secretary
$0Pt VII · Sec A
Craig Barnes
President
$0Pt VII · Sec A
See 32nd St Legacy Fund executive salaries →

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.

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1 program · $425K · in their own filed words · FY2020
01

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

$425Kprogram 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
Genesis an Evangelical Covenant ChuAZ · FY2025$10,000
Genesis an Evangelical Covenant ChuAZ · FY2024$8,716
Genesis an Evangelical Covenant ChuAZ · FY2022$5,352
Genesis an Evangelical Covenant ChuAZ · FY2020$201,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$41K
Ln 12
Fees for servicesLn 2g$131K
Investment incomeLn 3$5K
Money outPt IX
$426K
Ln 25
Programscol B$425K
Managementcol C$1K
Owns and owesPt X
$554K
net assets · Ln 32
Cash and savingsLn 1–2$171K
Total assetsLn 16$3.3M
LiabilitiesLn 26$2.7M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$131K
Investment incomeLn 3$5K
Gains on assetsLn 7−$14K
Total revenueLn 12$41K
Assets in detailPt X, end of year
CashLn 1$26K
SavingsLn 2$145K
Cash and savings togetherLn 1–2$171K
Pledges and grants receivableLn 3$1K
Prepaid expenses and deferred chargesLn 9$3K
Land, buildings, equipmentLn 10c$3.1M
Other assetsLn 15$67K
Total assetsLn 16$3.3M
LiabilitiesLn 26$2.7M
Net assetsLn 32$554K
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 FY20End FY20
Cash and savingsLn 1–2$653K$171K
Land, buildings, equipmentLn 10c$3.1M$3.1M
Total assetsLn 16$3.8M$3.3M
LiabilitiesLn 26$2.9M$2.7M
Net assetsLn 32$939K$554K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$217K$217K
Accounting feesLn 11c$600$600
OccupancyLn 16$79K$79K
InterestLn 20$77K$76K$827
Depreciation, depletion and amortizationLn 22$45K$45K
InsuranceLn 23$8K$8K
Total functional expensesLn 25$426K$425K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jul 22, 2026 $326K$230K$97K$823K 990 PDF
FY2024Filed with the IRS May 20, 2025 $261K$177K$85K$721K 990 PDF
FY2023Filed with the IRS Jun 18, 2024 $165K$166K−$1K$637K 990 PDF
FY2022Filed with the IRS Sep 25, 2023 $214K$165K$49K$638K 990 PDF
FY2021Filed with the IRS Jul 1, 2022 $204K$169K$34K$589K 990 PDF
FY2020 ViewingFiled with the IRS Nov 4, 2021 $41K$426K−$385K$554K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $41,286 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $158,315$131,427
I-10 Investment incomePrior year $341,192−$8,818
I-11 Other revenuePrior year $32,840−$81,323
I-12 Total revenuePrior year $532,347$41,286
I-13 Grants and similar amounts paidPrior year $30,044$216,995
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 $243,856$209,129
I-18 Total expensesPrior year $273,900$426,124
I-19 Revenue less expensesPrior year $258,447−$384,838
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $41,286 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $131,427$131,427
VIII-3 Investment incomeExcluded from tax $5,265$5,265
VIII-6 Net rental income or lossUnrelated business −$81,323−$81,323
VIII-7 Net gain or loss on sales of assetsUnrelated business −$14,083−$14,083
VIII-12 Total revenueRelated to mission $131,427 · Unrelated business −$95,406 · Excluded from tax $5,265$41,286
Part IX · Statement of functional expenses $426,124 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $216,995$216,995
IX-11c Accounting feesManagement $600$600
IX-16 OccupancyPrograms $78,546$78,546
IX-20 InterestPrograms $76,156 · Management $827$76,983
IX-22 Depreciation, depletion and amortizationPrograms $44,720$44,720
IX-23 InsurancePrograms $8,280$8,280
IX-25 Total functional expensesPrograms $424,697 · Management $1,427 · Fundraising $0$426,124
Part X · Balance sheet $3,298,928 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $24,495$25,615
X-2 Savings and temporary cash investmentsStart of year $628,753$144,910
X-3 Pledges and grants receivableStart of year $10,558$1,031
X-9 Prepaid expenses and deferred charges$2,960
X-10c Land, buildings and equipment, netStart of year $3,058,583$3,057,142
X-15 Other assetsStart of year $83,937$67,270
X-16 Total assetsStart of year $3,806,326$3,298,928
X-17 Accounts payable and accrued expensesStart of year $2,107$25,984
X-19 Deferred revenue$1,740
X-23 Secured mortgages and notes payableStart of year $2,745,050$2,684,292
X-25 Other liabilitiesStart of year $119,889$32,470
X-26 Total liabilitiesStart of year $2,867,046$2,744,486
X-27 Net assets without donor restrictionsStart of year $939,280$554,442
X-32 Total net assets or fund balancesStart of year $939,280$554,442
X-33 Total liabilities and net assetsStart of year $3,806,326$3,298,928
Part XI · Reconciliation of net assets $554,442 net assets at year end
XI-1 Total revenue$41,286
XI-2 Total expenses$426,124
XI-3 Revenue less expenses−$384,838
XI-4 Net assets at start of year$939,280
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$554,442

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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