Ash Fork Development Association INC FY2022 filing

Not tax-deductible

Ash Fork, AZMutual-benefit / member-servingEIN 86-0289444Revenue $513K in FY2022

On file with the IRS[email protected]Po Box 436, 86320-0436 · Ash Fork, AZTax-exempt since Apr 1990

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Operate domestic drinking water production/distribution system. Also render constructive civic services for promotion of the welfare of the community and inculcate civic consciousness by means of active participation in constructive projects. Preserve local historical treasures.

91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
4 of 5
filings with a surplus
Average surplus $171K a year · 25% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$810K
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
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
$513K
+6% vs prior year
Spent
$489K
To programs
91%
Net assets
$2.7M
By yearFY2020–FY2024
Revenue
$513K
FY2022▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$487K
FY2021$482K
FY2022$513K
FY2023$701K
FY2024$1.3M
Expenses
$489K
FY2022▼ -0.7%
Tap a bar for its year
Expenses by fiscal year
FY2020$461K
FY2021$493K
FY2022$489K
FY2023$562K
FY2024$582K
Net assets
$2.7M
FY2022▲ +0.9%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$2.6M
FY2022$2.7M
FY2023$2.8M
FY2024$3.5M

From the FY2022 Form 990 · 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: FY2024. IRS ruling in Apr 1990.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $447K Management & general 9% · $42K

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
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Ash Fork Development Association 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 clean drinking water, civic services, and preserves local history for community well-being.

Questions for Ash Fork Development Association INC

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Provided by the organization

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1 program · $447K · in their own filed words · FY2022
01

Operate domestic drinking water PRODUCTION/DISTRIBUTION system. Also render constructive civic services for the promotion of the welfare of the community and to inculcate civic consciousness by means of active participation in constructive projects which will improve the community. Preserve local historical treasures.

$447Kprogram 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$25K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$513K
Ln 12
Other incomeLn 4–11$490K
Gifts and grantsLn 1h$22K
Investment incomeLn 3$796
Money outPt IX
$489K
Ln 25
Programscol B$447K
Managementcol C$42K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$251K
Total assetsLn 16$3.5M
LiabilitiesLn 26$810K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$22K
Noncash giftsLn 1g$776
Investment incomeLn 3$796
Other incomeLn 4–11$490K
Total revenueLn 12$513K
Assets in detailPt X, end of year
CashLn 1$196K
SavingsLn 2$55K
Cash and savings togetherLn 1–2$251K
Land, buildings, equipmentLn 10c$3.2M
Total assetsLn 16$3.5M
LiabilitiesLn 26$810K
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 510
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 FY22End FY22
Cash and savingsLn 1–2$178K$251K
Land, buildings, equipmentLn 10c$3.3M$3.2M
Total assetsLn 16$3.5M$3.5M
LiabilitiesLn 26$862K$810K
Net assetsLn 32$2.6M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$3K$3K
Other salaries and wagesLn 7$203K$203K
Other employee benefitsLn 9$12K$12K
Accounting feesLn 11c$4K$2K$2K
Other fees for servicesLn 11g$15K$4K$11K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$8K$7K$2K
OccupancyLn 16$7K$7K
TravelLn 17$7K$7K
InterestLn 20$17K$17K
Depreciation, depletion and amortizationLn 22$73K$56K$16K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$108K$107K$639
All other expensesLn 24e$14K$6K$7K
Total functional expensesLn 25$489K$447K$42K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.3M$582K$676K$3.5M 990 PDF
FY2023 $701K$562K$139K$2.8M 990 PDF
FY2022 Viewing $513K$489K$24K$2.7M 990 PDF
FY2021 $482K$493K−$11K$2.6M 990 PDF
FY2020 $487K$461K$27K$2.6M 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 FY2022 990 (6 parts)
Part I · Summary $512,645 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $19,309$21,633
I-9 Program service revenue$0
I-10 Investment incomePrior year $724$796
I-11 Other revenuePrior year $461,855$490,216
I-12 Total revenuePrior year $481,888$512,645
I-13 Grants and similar amounts paidPrior year $4,143$2,542
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $188,024$214,827
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $300,492$271,596
I-18 Total expensesPrior year $492,659$488,965
I-19 Revenue less expensesPrior year −$10,771$23,680
Part VI · Governance 6 of 6 board members independent, 5 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $512,645 across 8 lines filed
VIII-1b Membership dues$200
VIII-1f All other contributions, gifts and grants$21,433
VIII-1g Noncash contributions (included above)$776
VIII-1h Total contributions, gifts and grants$21,633
VIII-3 Investment incomeRelated to mission $476 · Excluded from tax $320$796
VIII-6 Net rental income or lossRelated to mission $31,385$31,385
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $458,831$458,831
VIII-12 Total revenueRelated to mission $490,692 · Unrelated business $0 · Excluded from tax $320$512,645
Part IX · Statement of functional expenses $488,965 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $2,542$2,542
IX-7 Other salaries and wagesPrograms $202,544$202,544
IX-9 Other employee benefitsPrograms $12,283$12,283
IX-11c Accounting feesPrograms $1,684 · Management $1,825$3,509
IX-11g Other fees for servicesPrograms $3,883 · Management $11,087$14,970
IX-12 Advertising and promotionManagement $2,817$2,817
IX-13 Office expensesPrograms $6,772 · Management $1,550$8,322
IX-16 OccupancyPrograms $7,454$7,454
IX-17 TravelPrograms $6,853$6,853
IX-20 InterestPrograms $17,176$17,176
IX-22 Depreciation, depletion and amortizationPrograms $56,297 · Management $16,431$72,728
IX-23 InsurancePrograms $16,029$16,029
IX-24 Other expenses (24a–d)Programs $107,311 · Management $639$107,950
IX-24e All other expensesPrograms $6,340 · Management $7,448$13,788
IX-25 Total functional expensesPrograms $447,168 · Management $41,797 · Fundraising $0$488,965
Part X · Balance sheet $3,469,616 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $122,888$195,577
X-2 Savings and temporary cash investmentsStart of year $54,635$55,106
X-4 Accounts receivableStart of year $11,139$9,778
X-10c Land, buildings and equipment, netStart of year $3,309,149$3,209,155
X-16 Total assetsStart of year $3,497,811$3,469,616
X-17 Accounts payable and accrued expensesStart of year $6,925$22,304
X-19 Deferred revenueStart of year $26,020$21,245
X-24 Unsecured notes and loans payableStart of year $6,790$9,309
X-25 Other liabilitiesStart of year $440,676$408,037
X-26 Total liabilitiesStart of year $861,868$809,993
X-32 Total net assets or fund balancesStart of year $2,635,943$2,659,623
X-33 Total liabilities and net assetsStart of year $3,497,811$3,469,616
Part XI · Reconciliation of net assets $2,659,623 net assets at year end
XI-1 Total revenue$512,645
XI-2 Total expenses$488,965
XI-3 Revenue less expenses$23,680
XI-4 Net assets at start of year$2,635,943
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,659,623

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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