To advance the missions of the Eller college of management and university of arizona through non-credit, non-degree programs for business, government, and non-profit leaders.

501(c)(3) charity; gifts are tax-deductible.
40¢ of each $1 spent went to programs.
Run by 4 volunteers and 6 employees.
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
3 of 6
filings with a surplus
Average surplus $84K a year · 6% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
40%
of spending
Concern: 40% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$183K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$464K
142% of total assets
Concern: liabilities are 142% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 6 voting members
Looks good: 4 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
$960K
-41% vs prior year
Spent
$1.4M
To programs
40%
Net assets
−$138K
By yearFY2020–FY2025
Revenue
$960K
FY2025▼ -41%
Tap a bar for its year
Revenue by fiscal year
FY2020$959K
FY2021$1.3M
FY2022$1.9M
FY2023$2.2M
FY2024$1.6M
FY2025$960K
Expenses
$1.4M
FY2025▼ -22%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.1M
FY2022$1.5M
FY2023$1.6M
FY2024$1.8M
FY2025$1.4M
Net assets
−$138K
FY2025▼ -151%
Tap a bar for its year
Net assets by fiscal year
FY2020−$136K
FY2021$119K
FY2022$553K
FY2023$393K
FY2024$271K
FY2025−$138K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2013.

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

Where the money goes

40 cents of each dollar spent went to programs.

Program services 40% · $553K Management & general 60% · $817K

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

9 people listed on the 990; $183K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director Thru 03/2025
$183,316Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Interim President as of 04/2025
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A

Luigi Pecoraro’s $183K as Executive Director Thru 03/2025 is at the 98th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Luigi Pecoraro$183,316$38,179————
Giuseppe Carella—————$182,819
Joseph Carella——$119,351$181,132$166,888—
Dilraj Sidhu—$49,625————
Lin Qian—$8,000$20,000$9,600$3,200—
Amy McClure—————$8,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Provides non-credit programs for business, government, and non-profit leaders.

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Provided by the organization

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1 program · $553K · in their own filed words · FY2024
01

See schedule o

$553Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$10K
Grants paid · 3 grants · $143K · 2019–2021
University of Arizona - Eller College of ManagementFY2021$100,000
University of Arizona - Eller College of ManagementFY2020$35,000
University of Arizona - College of PharmacyFY2019$8,055

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$960K
Ln 12
Fees for servicesLn 2g$862K
Gifts and grantsLn 1h$98K
Money outPt IX
$1.4M
Ln 25
Programscol B$553K
Managementcol C$817K
Owns and owesPt X
−$138K
net assets · Ln 32
Cash and savingsLn 1–2$39K
Total assetsLn 16$326K
LiabilitiesLn 26$464K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$98K
Government grantsLn 1e$98K
Fees for servicesLn 2g$862K
Total revenueLn 12$960K
Assets in detailPt X, end of year
CashLn 1$39K
Cash and savings togetherLn 1–2$39K
Other assetsLn 15$15K
Total assetsLn 16$326K
LiabilitiesLn 26$464K
Net assetsLn 32−$138K
OperationsPt I, VI
EmployeesI 56
VolunteersI 64
Fiscal year endsHeaderJune
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$262K$39K
Total assetsLn 16$764K$326K
LiabilitiesLn 26$492K$464K
Net assetsLn 32$271K−$138K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$155K$14K$141K
Other salaries and wagesLn 7$105K$47K$58K
Pension plan contributionsLn 8$10K$4K$5K
Other employee benefitsLn 9$16K$7K$9K
Payroll taxesLn 10$17K$4K$13K
Legal feesLn 11b$53K$53K
Accounting feesLn 11c$46K$46K
Other fees for servicesLn 11g$523K$319K$204K
Advertising and promotionLn 12$120K$120K
Office expensesLn 13$69K$33K$36K
Information technologyLn 14$33K$33K
OccupancyLn 16$17K$6K$11K
TravelLn 17$56K$17K$39K
Conferences, conventions and meetingsLn 19$139K$102K$37K
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$5K$5K
Total functional expensesLn 25$1.4M$553K$817K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $960K$1.4M−$409K−$138K 990 PDF
FY2024 $1.6M$1.8M−$121K$271K 990 PDF
FY2023 $2.2M$1.6M$560K$393K 990 PDF
FY2022 $1.9M$1.5M$434K$553K 990 PDF
FY2021 $1.3M$1.1M$255K$119K 990 PDF
FY2020 $959K$1.2M−$211K−$136K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $960,130 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$97,641
I-9 Program service revenuePrior year $1,635,520$862,489
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,635,520$960,130
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $366,560$302,290
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,390,336$1,067,293
I-18 Total expensesPrior year $1,756,896$1,369,583
I-19 Revenue less expensesPrior year −$121,376−$409,453
Part VI · Governance 4 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
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 $960,130 across 4 lines filed
VIII-1e Government grants$97,641
VIII-1h Total contributions, gifts and grants$97,641
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $862,489$862,489
VIII-12 Total revenueRelated to mission $862,489 · Unrelated business $0 · Excluded from tax $0$960,130
Part IX · Statement of functional expenses $1,369,583 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $14,384 · Management $140,978$155,362
IX-7 Other salaries and wagesPrograms $46,796 · Management $57,842$104,638
IX-8 Pension plan contributionsPrograms $4,291 · Management $5,295$9,586
IX-9 Other employee benefitsPrograms $7,015 · Management $8,656$15,671
IX-10 Payroll taxesPrograms $3,655 · Management $13,378$17,033
IX-11b Legal feesManagement $53,064$53,064
IX-11c Accounting feesManagement $46,391$46,391
IX-11g Other fees for servicesPrograms $318,680 · Management $204,455$523,135
IX-12 Advertising and promotionManagement $120,093$120,093
IX-13 Office expensesPrograms $33,467 · Management $35,737$69,204
IX-14 Information technologyManagement $33,493$33,493
IX-16 OccupancyPrograms $5,771 · Management $11,346$17,117
IX-17 TravelPrograms $16,811 · Management $39,460$56,271
IX-19 Conferences, conventions and meetingsPrograms $102,143 · Management $37,351$139,494
IX-20 InterestManagement $1,280$1,280
IX-22 Depreciation, depletion and amortizationManagement $2,500$2,500
IX-23 InsuranceManagement $5,251$5,251
IX-25 Total functional expensesPrograms $553,013 · Management $816,570 · Fundraising $0$1,369,583
Part X · Balance sheet $325,527 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $261,841$39,426
X-4 Accounts receivableStart of year $446,833$231,857
X-9 Prepaid expenses and deferred chargesStart of year $54,909$11,627
X-14 Intangible assetsStart of year $0$27,500
X-15 Other assetsStart of year $0$15,117
X-16 Total assetsStart of year $763,583$325,527
X-17 Accounts payable and accrued expensesStart of year $178,157$69,450
X-19 Deferred revenueStart of year $186,096$304,192
X-24 Unsecured notes and loans payableStart of year $127,994$90,002
X-26 Total liabilitiesStart of year $492,247$463,644
X-27 Net assets without donor restrictionsStart of year $271,336−$138,117
X-32 Total net assets or fund balancesStart of year $271,336−$138,117
X-33 Total liabilities and net assetsStart of year $763,583$325,527
Part XI · Reconciliation of net assets −$138,117 net assets at year end
XI-1 Total revenue$960,130
XI-2 Total expenses$1,369,583
XI-3 Revenue less expenses−$409,453
XI-4 Net assets at start of year$271,336
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$138,117

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

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