Thunderbirds Charities FY2021 filing

Tax-deductible

Phoenix, AZ501(c)(3)Since 1986Foundations & GrantmakersEIN 86-0560664Revenue $2.9M in FY2021

On file with the IRSwmphoenixopen.com7226 N 16th St Ste 100, 85020-5254 · Phoenix, AZTax-exempt since Jan 1990Publicly supported charity — 170(b)(1)(A)(vi)

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The Thunderbirds Charities corporation conducts business in the state of arizona (cont'd sch o) serving as the host organization for the pga tour event that is conducted annually in the phoenix metropolitan area, and through donations to arizona based organizations, providing assistance to families, children, and others in need and improving the overall quality of life of arizona's communities.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
5 of 6
filings with a surplus
Average surplus $540K a year · 6% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $10.5M
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$35K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.9M
-73% vs prior year
Spent
$6.1M
To programs
98%
Net assets
$5.7M
By yearFY2020–FY2025
Revenue
$2.9M
FY2021▼ -73%
Tap a bar for its year
Revenue by fiscal year
FY2020$10.5M
FY2021$2.9M
FY2022$6.4M
FY2023$8.1M
FY2024$11.3M
FY2025$11.4M
Expenses
$6.1M
FY2021▼ -37%
Tap a bar for its year
Expenses by fiscal year
FY2020$9.6M
FY2021$6.1M
FY2022$5.7M
FY2023$7.9M
FY2024$7.0M
FY2025$11.1M
Net assets
$5.7M
FY2021▼ -35%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.7M
FY2021$5.7M
FY2022$6.4M
FY2023$6.6M
FY2024$10.9M
FY2025$11.3M

From the FY2021 Form 990 (year ending May 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Jan 1990.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $6.0M Management & general 1% · $67K Fundraising 0% · $27K

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

17 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Thunderbirds Charities 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

Hosts an annual PGA Tour event in Phoenix to raise and distribute funds supporting Arizona families, children, and local non-profit organizations.

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Provided by the organization

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2 programs · $6.0M · in their own filed words · FY2020
01

In addition to the contributions the organization made through the birdies for charity program, described below, thunderbirds charities made total contributions in the amount of $5,341,685 to various 501(c)(3) organizations.

$5.3Mprogram expense
02

Birdies for charity program is a two-part program designed to generate donations to local non-profit organizations. The corporate partner program raises money from major sponsors of the waste management phoenix open for specific charities. Thunderbirds charities provides 50% matching funds to these charities, up to a maximum of $12,500.

$647Kprogram 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
The ThunderbirdsFY2024$10.0M
Pga Tour INCFY2024$372K
Total grants receivedfrom 7 funders$10.5M
See all 7 funders →
Grants paid · 808 grants · $46.4M · 2019–2024
Keys to ChangeAZ · FY2024$702,500
Notmykid INCAZ · FY2024$528,750
The Phoenix ZooAZ · FY2024$500,000
Banner Health FoundationAZ · FY2024$472,500
Special Olympics Arizona INCAZ · FY2024$457,235
Fresh Start Womens FoundationAZ · FY2024$259,750
Barrow Neurological FoundationAZ · FY2024$230,107
Teen Lifeline INCAZ · FY2024$201,930
Umom New Day Centers INCAZ · FY2024$200,000
Elevate PhoenixAZ · FY2024$200,000
A New Leaf INCAZ · FY2024$200,000
St Mary's Food Bank AllianceAZ · FY2024$170,000
BenevillaAZ · FY2024$158,437
See all 808 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.9M
Ln 12
Gifts and grantsLn 1h$2.9M
Investment incomeLn 3$595
Money outPt IX
$6.1M
Ln 25
Programscol B$6.0M
Managementcol C$67K
Fundraisingcol D$27K
Owns and owesPt X
$5.7M
net assets · Ln 32
Cash and savingsLn 1–2$3.8M
Total assetsLn 16$5.7M
LiabilitiesLn 26$35K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.9M
Investment incomeLn 3$595
Total revenueLn 12$2.9M
Assets in detailPt X, end of year
CashLn 1$3.8M
Cash and savings togetherLn 1–2$3.8M
InvestmentsLn 11–13$3K
Total assetsLn 16$5.7M
LiabilitiesLn 26$35K
Net assetsLn 32$5.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderMay
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 FY21End FY21
Cash and savingsLn 1–2$10.1M$3.8M
InvestmentsLn 11–13$6K$3K
Total assetsLn 16$10.1M$5.7M
LiabilitiesLn 26$1.4M$35K
Net assetsLn 32$8.7M$5.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6.0M$6.0M
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$20K$20K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$22K$273$22K
Office expensesLn 13$35K$35K$185
Information technologyLn 14$500$500
Other expenses (24a–d)Ln 24$8K$4K$5K
Total functional expensesLn 25$6.1M$6.0M$67K$27K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $11.4M$11.1M$318K$11.3M 990 PDF
FY2024 $11.3M$7.0M$4.3M$10.9M 990 PDF
FY2023 $8.1M$7.9M$205K$6.6M 990 PDF
FY2022 $6.4M$5.7M$731K$6.4M 990 PDF
FY2021 Viewing $2.9M$6.1M−$3.2M$5.7M 990 PDF
FY2020 $10.5M$9.6M$851K$8.7M 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 FY2021 990 (6 parts)
Part I · Summary $2,873,763 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,473,231$2,873,168
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $629$595
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $10,473,860$2,873,763
I-13 Grants and similar amounts paidPrior year $9,531,966$5,988,581
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 $90,782$93,873
I-18 Total expensesPrior year $9,622,748$6,082,454
I-19 Revenue less expensesPrior year $851,112−$3,208,691
Part VI · Governance 14 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $2,873,763 across 5 lines filed
VIII-1d Related organizations$1,571,699
VIII-1f All other contributions, gifts and grants$1,301,469
VIII-1h Total contributions, gifts and grants$2,873,168
VIII-3 Investment incomeExcluded from tax $595$595
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $595$2,873,763
Part IX · Statement of functional expenses $6,082,454 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $5,988,581$5,988,581
IX-11b Legal feesManagement $5,459$5,459
IX-11c Accounting feesManagement $19,500$19,500
IX-11g Other fees for servicesManagement $3,070$3,070
IX-12 Advertising and promotionManagement $273 · Fundraising $21,765$22,038
IX-13 Office expensesManagement $34,787 · Fundraising $185$34,972
IX-14 Information technologyFundraising $500$500
IX-24 Other expenses (24a–d)Management $3,646 · Fundraising $4,688$8,334
IX-25 Total functional expensesPrograms $5,988,581 · Management $66,735 · Fundraising $27,138$6,082,454
Part X · Balance sheet $5,700,239 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $10,072,180$3,834,077
X-3 Pledges and grants receivableStart of year $50,000$1,863,482
X-12 Other securitiesStart of year $5,750$2,680
X-16 Total assetsStart of year $10,127,930$5,700,239
X-18 Grants payableStart of year $1,400,000$35,000
X-26 Total liabilitiesStart of year $1,404,000$35,000
X-27 Net assets without donor restrictionsStart of year $8,723,930$5,665,239
X-32 Total net assets or fund balancesStart of year $8,723,930$5,665,239
X-33 Total liabilities and net assetsStart of year $10,127,930$5,700,239
Part XI · Reconciliation of net assets $5,665,239 net assets at year end
XI-1 Total revenue$2,873,763
XI-2 Total expenses$6,082,454
XI-3 Revenue less expenses−$3,208,691
XI-4 Net assets at start of year$8,723,930
XI-9 Other changes in net assets$150,000
XI-10 Net assets at end of year$5,665,239

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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