Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1981.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
85 cents of each dollar spent went to programs.
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
25 people listed on the 990; $1.5M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Gary Molenda | $323,033 | $255,471 | $298,885 | $302,816 | $277,508 | $273,179 |
| Gabriel Gomez | $193,085 | $166,410 | $201,267 | $210,949 | $151,888 | $174,596 |
| Geoffrey Gordon McGivern | — | — | — | — | $184,046 | $191,681 |
| Todd Whisler | — | $176,433 | — | — | — | — |
| Ashley Herko-Mapes | — | $167,463 | $160,938 | $170,479 | $119,052 | $114,555 |
| Elizabeth Marie Gamble | — | — | $158,551 | $156,358 | $150,843 | $154,414 |
| Lori Simmons | $158,262 | $155,331 | $156,531 | — | — | — |
| Brent Smith | $148,865 | $119,799 | $122,538 | $126,567 | $110,709 | — |
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 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Fosters economic growth and development across Arizona.
Questions for Arizona Capital Source
Your first name shows with your question. Arizona Capital Source answers here, for everyone.
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Sba 504 Lending
Provide affordable long term fixed asset financing to small businesses to purchase owner occupied commercial real estate, or machinery and equipment.
Sba Community Advantage 7(a) Lending
Provide affordable financing to small businesses.
Economic Development Consulting
Assist other non profits or governmental entities with projects that promote economic development and growth.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $6.2M | $4.4M |
| InvestmentsLn 11–13 | $308K | $310K |
| Land, buildings, equipmentLn 10c | $23K | $22K |
| Total assetsLn 16 | $18.8M | $19.8M |
| LiabilitiesLn 26 | $6.0M | $6.2M |
| Net assetsLn 32 | $12.8M | $13.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $773K | $380K | $394K | |
| Other salaries and wagesLn 7 | $1.4M | $1.3M | $143K | |
| Pension plan contributionsLn 8 | $57K | $51K | $6K | |
| Other employee benefitsLn 9 | $66K | $59K | $7K | |
| Payroll taxesLn 10 | $163K | $146K | $16K | |
| Accounting feesLn 11c | $22K | $22K | ||
| Other fees for servicesLn 11g | $433K | $413K | $20K | |
| Advertising and promotionLn 12 | $50K | $45K | $5K | |
| Office expensesLn 13 | $143K | $129K | $14K | |
| OccupancyLn 16 | $112K | $101K | $11K | |
| TravelLn 17 | $6K | $5K | $593 | |
| InterestLn 20 | $560K | $560K | ||
| Depreciation, depletion and amortizationLn 22 | $18K | $18K | ||
| InsuranceLn 23 | $53K | $48K | $5K | |
| Other expenses (24a–d)Ln 24 | $562K | $552K | $11K | |
| All other expensesLn 24e | $2K | $2K | ||
| Total functional expensesLn 25 | $4.5M | $3.8M | $655K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $5.2M | $4.4M | $773K | $15.6M | 990 PDF |
| FY2024 | $5.3M | $4.3M | $1000K | $14.8M | 990 PDF |
| FY2023 Viewing | $4.5M | $4.5M | $5K | $13.6M | 990 PDF |
| FY2022 | $3.9M | $3.8M | $50K | $12.8M | 990 PDF |
| FY2021 | $4.1M | $3.8M | $343K | $12.7M | 990 PDF |
| FY2020 | $4.5M | $4.1M | $389K | $12.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $4,460,265 revenue, 12 lines filed
Part VI · Governance 16 of 16 board members independent, no flags
Part VIII · Statement of revenue $4,460,265 across 4 lines filed
Part IX · Statement of functional expenses $4,455,308 across 16 lines filed
Part X · Balance sheet $19,838,061 assets, 14 lines filed
Part XI · Reconciliation of net assets $13,620,784 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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