Thunderbirds Charities FY2023 filing

Tax-deductible

Phoenix, AZ501(c)(3)Since 1986Foundations & GrantmakersEIN 86-0560664Revenue $8.1M in FY2023

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.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
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
$4K
0.06% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.1M
+27% vs prior year
Spent
$7.9M
To programs
99%
Net assets
$6.6M
By yearFY2020–FY2025
Revenue
$8.1M
FY2023▲ +27%
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
$7.9M
FY2023▲ +40%
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
$6.6M
FY2023▲ +3%
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 FY2023 Form 990 (year ending May 2023) · 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 Jan 1990.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $7.9M Management & general 1% · $65K Fundraising 0% · $10K

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 (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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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3 programs · $7.9M · in their own filed words · FY2022
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 $6,397,000 to various 501(c)(3) organizations.

$6.4Mprogram expense
02

Birdies for charity program is a two-part program designed to generate donations to local non-profit organizations. The birdies program allows local non-profit organizations to collect pledges based on the number of birdies made during the WM phoenix open.

$1.5Mprogram expense
03

The thunderbirds community projects LLC program provides a lending platform for making short to intermediate term loans to qualified organizations. The purpose of these loans is to provide bridge loans to nonprofit organizations for the purpose of acquisition and development of approved affordable housing properties in maricopa county.

$71program 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$8.1M
Ln 12
Gifts and grantsLn 1h$8.1M
Investment incomeLn 3$35K
Fees for servicesLn 2g$21K
Money outPt IX
$7.9M
Ln 25
Programscol B$7.9M
Managementcol C$65K
Fundraisingcol D$10K
Owns and owesPt X
$6.6M
net assets · Ln 32
Cash and savingsLn 1–2$659K
Total assetsLn 16$6.6M
LiabilitiesLn 26$4K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.1M
Fees for servicesLn 2g$21K
Investment incomeLn 3$35K
Total revenueLn 12$8.1M
Assets in detailPt X, end of year
CashLn 1$609K
SavingsLn 2$50K
Cash and savings togetherLn 1–2$659K
InvestmentsLn 11–13$754K
Total assetsLn 16$6.6M
LiabilitiesLn 26$4K
Net assetsLn 32$6.6M
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 FY23End FY23
Cash and savingsLn 1–2$1.3M$659K
InvestmentsLn 11–13$2K$754K
Total assetsLn 16$6.4M$6.6M
LiabilitiesLn 26$4K$4K
Net assetsLn 32$6.4M$6.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$7.9M$7.9M
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$25K$25K
Office expensesLn 13$36K$36K
Information technologyLn 14$567$567
Other expenses (24a–d)Ln 24$12K$71$2K$10K
Total functional expensesLn 25$7.9M$7.9M$65K$10K

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 Viewing $8.1M$7.9M$205K$6.6M 990 PDF
FY2022 $6.4M$5.7M$731K$6.4M 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $8,136,388 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,409,472$8,081,084
I-9 Program service revenuePrior year $0$20,712
I-10 Investment incomePrior year $1,130$34,592
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $6,410,602$8,136,388
I-13 Grants and similar amounts paidPrior year $5,591,867$7,856,078
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 $87,992$75,587
I-18 Total expensesPrior year $5,679,859$7,931,665
I-19 Revenue less expensesPrior year $730,743$204,723
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $8,136,388 across 6 lines filed
VIII-1d Related organizations$6,523,872
VIII-1f All other contributions, gifts and grants$1,557,212
VIII-1h Total contributions, gifts and grants$8,081,084
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,712$20,712
VIII-3 Investment incomeExcluded from tax $34,592$34,592
VIII-12 Total revenueRelated to mission $20,712 · Unrelated business $0 · Excluded from tax $34,592$8,136,388
Part IX · Statement of functional expenses $7,931,665 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $7,856,078$7,856,078
IX-11b Legal feesManagement $3,163$3,163
IX-11c Accounting feesManagement $24,700$24,700
IX-13 Office expensesManagement $35,562$35,562
IX-14 Information technologyFundraising $567$567
IX-24 Other expenses (24a–d)Programs $71 · Management $1,647 · Fundraising $9,877$11,595
IX-25 Total functional expensesPrograms $7,856,149 · Management $65,072 · Fundraising $10,444$7,931,665
Part X · Balance sheet $6,605,824 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,256,433$608,803
X-2 Savings and temporary cash investmentsStart of year $48,704$50,210
X-3 Pledges and grants receivableStart of year $5,092,631$5,193,306
X-12 Other securitiesStart of year $1,895$3,505
X-13 Program-related investments$750,000
X-16 Total assetsStart of year $6,399,663$6,605,824
X-17 Accounts payable and accrued expensesStart of year $3,908$3,736
X-26 Total liabilitiesStart of year $3,908$3,736
X-27 Net assets without donor restrictionsStart of year $6,395,755$6,602,088
X-32 Total net assets or fund balancesStart of year $6,395,755$6,602,088
X-33 Total liabilities and net assetsStart of year $6,399,663$6,605,824
Part XI · Reconciliation of net assets $6,602,088 net assets at year end
XI-1 Total revenue$8,136,388
XI-2 Total expenses$7,931,665
XI-3 Revenue less expenses$204,723
XI-4 Net assets at start of year$6,395,755
XI-5 Net unrealized gains (losses) on investments$1,610
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,602,088

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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