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Invision AZ FY2020 filing

Phoenix, AZUnknown exempt organizationEIN 82-3671458Revenue $1.4M in FY2020

On file with the IRSinvisionaz.org2801 E Camelback Rd Suite 200 · Phoenix, AZ

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Accelerate the growth of arizona's vibrant tech ecosystem by creating, promoting, and leading the framework that allows technology, innovation, and investment to flourish.

100¢ of each $1 spent went to programs.
$100K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $9K a year · 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$100K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
Cash reserves
38 mo
of spending, in cash
Looks good: 38.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $525K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
Spent
$365K
To programs
100%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$1.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$35K
FY2022$2.2M
FY2023$385K
FY2024$205K
Expenses
$365K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$365K
FY2021$1.2M
FY2022$1.7M
FY2023$554K
FY2024$529K
Net assets
$1.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$28K
FY2022$541K
FY2023$372K
FY2024$48K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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% · $365K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990; $100K paid to officers and key staff.

Part VII, Section A · reportable compensation
Mara Pernick
Executive Di
$100,000Pt VII · Sec A
Jack Selby
Chairman
$0Pt VII · Sec A
Steve Brown
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
John Donahue
Director
$0Pt VII · Sec A
See Invision AZ 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 15aNo

Programs and updates

Fosters Arizona's tech growth by creating a framework for innovation and investment.

Questions for Invision AZ

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Conducted a tech innovation summit with more than 650 attendees that showcased arizona technology, trends and innovation, and provided attendees the opportunity to network with entrepreneurs, venture capitalists, and other respected innovators.

Pt IX · col B

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 · FY2023
Arizona Economic DevelopmentFY2023$450K
Asu Enterprise PartnersFY2023$75K
Total grants receivedfrom 2 funders$525K
Grants paid · 77 grants · $2.2M · 2021–2024
Individual RecipientFY2024$68,050
Asu Foundation - Sda Venture ChalleFY2023$10,000
Emerge AZ - Roche LLCFY2022$50,000
Emerge AZ - Saguaro BloomFY2022$50,000
Emerge AZ - Petista LLCFY2022$50,000
Emerge AZ - HustlejackFY2022$50,000
Emerge AZ - Oxybel TechnologiesFY2022$50,000
Emerge AZ - Cirq Plus INCFY2022$50,000
Emerge AZ - NavinursesFY2022$50,000
Emerge AZ - Elevate U INCFY2022$50,000
Emerge AZ - LifetracksFY2022$50,000
Emerge AZ - Promineo Education LLCFY2022$50,000
Emerge AZ - Homer FarmsFY2022$25,000
Emerge AZ - ChangesyncFY2022$25,000
Emerge AZ - Saasable INCFY2022$25,000
Emerge AZ - PeerlogicFY2022$25,000
Emerge AZ - Yalia VenturesFY2022$25,000
Emerge AZ - Terkel INCFY2022$25,000
See all 77 grants →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.4M
Money outPt IX
$365K
Ln 25
Programscol B$365K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$1.0M
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$1.2M
Cash and savings togetherLn 1–2$1.2M
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$92K$1.2M
Total assetsLn 16$92K$1.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$92K$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$100K$100K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$129K$129K
Advertising and promotionLn 12$102$102
Office expensesLn 13$5K$5K
Information technologyLn 14$598$598
OccupancyLn 16$19K$19K
TravelLn 17$4K$4K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$94K$94K
Total functional expensesLn 25$365K$365K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $205K$529K−$324K$48K 990 PDF
FY2023 $385K$554K−$169K$372K 990 PDF
FY2022 $2.2M$1.7M$513K$541K 990 PDF
FY2021 $35K$1.2M−$1.1M$28K 990 PDF
FY2020 Viewing $1.4M$365K$1.1M$1.2M 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 FY2020 990 (6 parts)
Part I · Summary $1,443,600 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $163,671$1,443,600
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $163,671$1,443,600
I-13 Grants and similar amounts paidPrior year $11,125$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 $193,316$364,814
I-18 Total expensesPrior year $204,441$364,814
I-19 Revenue less expensesPrior year −$40,770$1,078,786
Part VI · Governance 16 of 16 board members independent, 4 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,443,600 across 5 lines filed
VIII-1b Membership dues$383,600
VIII-1e Government grants$1,000,000
VIII-1f All other contributions, gifts and grants$60,000
VIII-1h Total contributions, gifts and grants$1,443,600
VIII-12 Total revenue$1,443,600
Part IX · Statement of functional expenses $364,814 across 10 lines filed
IX-11a Management feesPrograms $100,000$100,000
IX-11c Accounting feesPrograms $5,656$5,656
IX-11g Other fees for servicesPrograms $128,983$128,983
IX-12 Advertising and promotionPrograms $102$102
IX-13 Office expensesPrograms $4,916$4,916
IX-14 Information technologyPrograms $598$598
IX-16 OccupancyPrograms $18,522$18,522
IX-17 TravelPrograms $3,533$3,533
IX-23 InsurancePrograms $8,284$8,284
IX-24 Other expenses (24a–d)Programs $94,220$94,220
IX-25 Total functional expensesPrograms $364,814 · Management $0 · Fundraising $0$364,814
Part X · Balance sheet $1,170,419 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $91,633$1,170,419
X-16 Total assetsStart of year $91,633$1,170,419
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $91,633$1,170,419
X-33 Total liabilities and net assetsStart of year $91,633$1,170,419
Part XI · Reconciliation of net assets $1,170,419 net assets at year end
XI-1 Total revenue$1,443,600
XI-2 Total expenses$364,814
XI-3 Revenue less expenses$1,078,786
XI-4 Net assets at start of year$91,633
XI-10 Net assets at end of year$1,170,419

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

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