Sierra Winds Charitable Foundation FY2021 filing

Tax-deductible

Peoria, AZ501(c)(3)Since 1998Foundations & GrantmakersEIN 86-0908834

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Solicits donations for the support and benefit of residents of Sierra Winds life care community owned and operated by arizona retirement centers, INC.

501(c)(3) charity; gifts are tax-deductible.
75¢ 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
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 $15K a year · 14% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Looks good: 21.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$33K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$122K
-23% vs prior year
Spent
$115K
To programs
75%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$122K
FY2021▼ -23%
Revenue by fiscal year
FY2020$160K
FY2021$122K
FY2022$64K
FY2023$68K
FY2024$143K
FY2024$149K
Expenses
$115K
FY2021▼ -6%
Expenses by fiscal year
FY2020$122K
FY2021$115K
FY2022$87K
FY2023$158K
FY2024$152K
FY2024$134K
Net assets
$1.5M
FY2021▲ +16%
Net assets by fiscal year
FY2020$1.3M
FY2021$1.5M
FY2022$1.3M
FY2023$1.2M
FY2024$1.2M
FY2024$1.3M

From the FY2021 Form 990 (year ending October 2021) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 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 ruling in Nov 1998.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $86K Management & general 23% · $26K Fundraising 2% · $3K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer from 10/21/21
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Sierra Winds Charitable Foundation 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

Raises money to help residents of a life care community.

Provided by the organization

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1 program · $86K · in their own filed words · FY2020
01

The mission of the foundation is to raise, manage and distribute funds to be used for the benefit of sierra winds and its residents. During the past year we continued to educate about our gift annuity program.

$86Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 7 grants · $467K · 2019–2024
Unitemized GrantFY2024$86,362
Unitemized GrantFY2023$132,283
Unitemized GrantFY2022$116,254
Unitemized GrantFY2021$41,925
Unitemized GrantFY2020$45,208
Unitemized GrantFY2019$30,659

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$122K
Ln 12
Investment incomeLn 3$99K
Gifts and grantsLn 1h$29K
Money outPt IX
$115K
Ln 25
Programscol B$86K
Managementcol C$26K
Fundraisingcol D$3K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$202K
Total assetsLn 16$1.5M
LiabilitiesLn 26$33K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$29K
Investment incomeLn 3$99K
Gains on assetsLn 7$58K
Total revenueLn 12$122K
Assets in detailPt X, end of year
CashLn 1$48K
SavingsLn 2$153K
Cash and savings togetherLn 1–2$202K
InvestmentsLn 11–13$1.3M
Total assetsLn 16$1.5M
LiabilitiesLn 26$33K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 613
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$58K$202K
InvestmentsLn 11–13$1.3M$1.3M
Total assetsLn 16$1.3M$1.5M
LiabilitiesLn 26$33K$33K
Net assetsLn 32$1.3M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$40K$40K
Grants to domestic individualsLn 2$45K$45K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$14K$14K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$2K$2K
Investment management feesLn 11f$12K$12K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$341$341
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$470$470
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
All other expensesLn 24e$0
Total functional expensesLn 25$115K$86K$26K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $143K$152K−$9K$1.2M 990 PDF
FY2023 $68K$158K−$90K$1.2M 990 PDF
FY2022 $64K$87K−$22K$1.3M 990 PDF
FY2021 Viewing $122K$115K$8K$1.5M 990 PDF
FY2020 $160K$122K$37K$1.3M 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 (4 parts)
Part VIII · Statement of revenue $122,459 across 6 lines filed
Lines not itemized here account for −$9,005 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$29,104
VIII-1h Total contributions, gifts and grants$29,104
VIII-3 Investment incomeExcluded from tax $40,642$40,642
VIII-7 Net gain or loss on sales of assetsExcluded from tax $57,956$57,956
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,762$3,762
VIII-12 Total revenueRelated to mission −$5,243 · Excluded from tax $98,598$122,459
Part IX · Statement of functional expenses $114,503 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $40,340$40,340
IX-2 Grants to domestic individualsPrograms $45,208$45,208
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $13,680$13,680
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $2,375$2,375
IX-11f Investment management feesManagement $12,089$12,089
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $341$341
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestFundraising $470$470
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $85,548 · Management $26,110 · Fundraising $2,845$114,503
Part X · Balance sheet $1,537,040 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $43,698$48,192
X-2 Savings and temporary cash investmentsStart of year $14,001$153,384
X-8 Inventories for sale or useStart of year $500$500
X-11 Publicly traded securitiesStart of year $1,274,105$1,334,964
X-16 Total assetsStart of year $1,332,304$1,537,040
X-25 Other liabilitiesStart of year $33,313$33,484
X-26 Total liabilitiesStart of year $33,313$33,484
X-27 Net assets without donor restrictionsStart of year $1,293,032$1,503,556
X-32 Total net assets or fund balancesStart of year $1,298,991$1,503,556
X-33 Total liabilities and net assetsStart of year $1,332,304$1,537,040
Part XI · Reconciliation of net assets $1,503,556 net assets at year end
XI-1 Total revenue$122,459
XI-2 Total expenses$114,503
XI-3 Revenue less expenses$7,956
XI-4 Net assets at start of year$1,298,991
XI-5 Net unrealized gains (losses) on investments$196,609
XI-10 Net assets at end of year$1,503,556

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

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