Rodel Charitable Foundation- AZ FY2021 filing

Phoenix, AZUnknown exempt organizationEIN 86-0941890Revenue $391K in FY2021

On file with the IRS2201 E Camelback Rd No 405b · Phoenix, AZ

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To perform the functions of, or to carry out the purposes of the arizona community Foundation, an AZ nonprofit corporation, so long as arizona community Foundation, INC. Remains a qualified organization.

42¢ of each $1 spent went to programs.
$389K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
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
1 of 5
filings with a surplus
Average deficit $2.2M a year · 319% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
42%
of spending
Concern: 42% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$389K
to officers and key staff · 41% of spending
Concern: pay to officers and key staff is 41% of spending; over 30%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$75K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$391K
+23% vs prior year
Spent
$956K
To programs
42%
Net assets
$11.9M
By yearFY2020–FY2024
Revenue
$391K
FY2021▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2020$319K
FY2021$391K
FY2022$2.6M
FY2023$28K
FY2024$7K
Expenses
$956K
FY2021▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$956K
FY2022$2.3M
FY2023$8.0M
FY2024$1.9M
Net assets
$11.9M
FY2021▲ +23%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.7M
FY2021$11.9M
FY2022$10.4M
FY2023$2.0M
FY2024$0

From the FY2021 Form 990 (year ending March 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

42 cents of each dollar spent went to programs.

Program services 42% · $403K Management & general 58% · $553K

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; $389K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$263,317Pt VII · Sec A
Chief Financial Officer
$125,607Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Jackie Norton$150,000$225,000$263,317$296,700
Corliss Diazcadena$120,207$152,914$125,607$127,707

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.

See Rodel Charitable Foundation- AZ 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 15aYes

Programs and updates

Carries out the purposes of the Arizona Community Foundation.

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Provided by the organization

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1 program · $403K · in their own filed words · FY2020
01

Collaborating with other foundations and organizations to maximize the reach and effectiveness of initiatives designed to improve student achievement especially in high-need schools in support of the purposes of the arizona community foundation, inc.

$403Kprogram 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 · 9 grants · $9.5M · 2019–2023
Arizona Humane SocietyAZ · FY2022$10,000
Tucson Values TeachersAZ · FY2020$5,000
Arizona Community FoundationAZ · FY2019$25,000
Tucson Values TeachersAZ · FY2019$5,000
Generation JusticeAZ · FY2019$5,000
Empower College PrepAZ · FY2019$5,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$391K
Ln 12
Investment incomeLn 3$391K
Other incomeLn 4–11$63
Money outPt IX
$956K
Ln 25
Programscol B$403K
Managementcol C$553K
Owns and owesPt X
$11.9M
net assets · Ln 32
Cash and savingsLn 1–2$200K
Total assetsLn 16$12.0M
LiabilitiesLn 26$75K
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$391K
Other incomeLn 4–11$63
Gains on assetsLn 7$148K
Total revenueLn 12$391K
Assets in detailPt X, end of year
SavingsLn 2$200K
Cash and savings togetherLn 1–2$200K
InvestmentsLn 11–13$11.8M
Land, buildings, equipmentLn 10c$246
Total assetsLn 16$12.0M
LiabilitiesLn 26$75K
Net assetsLn 32$11.9M
OperationsPt I, VI
EmployeesI 54
VolunteersI 69
Fiscal year endsHeaderMarch
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$200K
InvestmentsLn 11–13$9.6M$11.8M
Land, buildings, equipmentLn 10c$739$246
Total assetsLn 16$9.7M$12.0M
LiabilitiesLn 26$31K$75K
Net assetsLn 32$9.7M$11.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$108K$108K
Pay of current officers, directors and key staffLn 5$377K$209K$168K
Other salaries and wagesLn 7$65K$3K$61K
Pension plan contributionsLn 8$23K$23K
Other employee benefitsLn 9$35K$35K
Payroll taxesLn 10$22K$8K$14K
Management feesLn 11a$76K$76K
Legal feesLn 11b$2K$1K$416
Investment management feesLn 11f$28K$28K
Other fees for servicesLn 11g$77K$77K
Advertising and promotionLn 12$5K$4K$1K
Office expensesLn 13$4K$2K$2K
Information technologyLn 14$14K$9K$5K
OccupancyLn 16$89K$47K$41K
TravelLn 17$470$289$181
Depreciation, depletion and amortizationLn 22$493$493
InsuranceLn 23$1K$717$587
Other expenses (24a–d)Ln 24$31K$11K$20K
Total functional expensesLn 25$956K$403K$553K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $7K$1.9M−$1.9M$0 990 PDF
FY2023 $28K$8.0M−$7.9M$2.0M 990 PDF
FY2022 $2.6M$2.3M$335K$10.4M 990 PDF
FY2021 Viewing $391K$956K−$565K$11.9M 990 PDF
FY2020 $319K$1.1M−$734K$9.7M 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 $391,228 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $317,858$391,165
I-11 Other revenuePrior year $994$63
I-12 Total revenuePrior year $318,852$391,228
I-13 Grants and similar amounts paidPrior year $47,750$108,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $600,583$521,429
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $404,583$326,884
I-18 Total expensesPrior year $1,052,916$956,313
I-19 Revenue less expensesPrior year −$734,064−$565,085
Part VI · Governance 8 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $391,228 across 4 lines filed
VIII-3 Investment incomeExcluded from tax $242,923$242,923
VIII-5 RoyaltiesExcluded from tax $63$63
VIII-7 Net gain or loss on sales of assetsExcluded from tax $148,242$148,242
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $391,228$391,228
Part IX · Statement of functional expenses $956,313 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $108,000$108,000
IX-5 Pay of current officers, directors and key staffPrograms $208,922 · Management $167,699$376,621
IX-7 Other salaries and wagesPrograms $3,394 · Management $61,231$64,625
IX-8 Pension plan contributionsManagement $22,569$22,569
IX-9 Other employee benefitsManagement $35,193$35,193
IX-10 Payroll taxesPrograms $8,086 · Management $14,335$22,421
IX-11a Management feesManagement $75,511$75,511
IX-11b Legal feesPrograms $1,247 · Management $416$1,663
IX-11f Investment management feesManagement $28,069$28,069
IX-11g Other fees for servicesManagement $76,788$76,788
IX-12 Advertising and promotionPrograms $3,898 · Management $1,299$5,197
IX-13 Office expensesPrograms $1,854 · Management $1,673$3,527
IX-14 Information technologyPrograms $8,538 · Management $5,462$14,000
IX-16 OccupancyPrograms $47,152 · Management $41,428$88,580
IX-17 TravelPrograms $289 · Management $181$470
IX-22 Depreciation, depletion and amortizationManagement $493$493
IX-23 InsurancePrograms $717 · Management $587$1,304
IX-24 Other expenses (24a–d)Programs $11,353 · Management $19,929$31,282
IX-25 Total functional expensesPrograms $403,450 · Management $552,863 · Fundraising $0$956,313
Part X · Balance sheet $12,019,429 assets, 12 lines filed
X-2 Savings and temporary cash investments$199,562
X-4 Accounts receivableStart of year $32,453$31,502
X-9 Prepaid expenses and deferred chargesStart of year $13,671$11,435
X-10c Land, buildings and equipment, netStart of year $739$246
X-11 Publicly traded securitiesStart of year $9,557,656$11,776,684
X-16 Total assetsStart of year $9,740,416$12,019,429
X-17 Accounts payable and accrued expensesStart of year $31,070$26,683
X-25 Other liabilitiesStart of year $0$48,807
X-26 Total liabilitiesStart of year $31,070$75,490
X-27 Net assets without donor restrictionsStart of year $9,709,346$11,943,939
X-32 Total net assets or fund balancesStart of year $9,709,346$11,943,939
X-33 Total liabilities and net assetsStart of year $9,740,416$12,019,429
Part XI · Reconciliation of net assets $11,943,939 net assets at year end
XI-1 Total revenue$391,228
XI-2 Total expenses$956,313
XI-3 Revenue less expenses−$565,085
XI-4 Net assets at start of year$9,709,346
XI-5 Net unrealized gains (losses) on investments$2,799,678
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,943,939

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

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