Lodestar Charitable Foundation

Phoenix, AZUnknown exempt organization EIN 86-0965287Revenue $3K in FY2023Latest filing we have: 2022. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSPhoenix, 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 the arizona community Foundation, INC. Remains a qualified organization.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 86-0965287) · Dispute this line
99¢ of each $1 spent went to programs.
Run by 3 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $275K a year · 86% of revenue · last 3 filings
A surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
99%
of spending
99% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$37K
to officers and key staff · 11% of spending
Pay to officers and key staff is 11% of spending.
Part VII, Section A
Named funders
1
named funder · $500K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
0
of 2 voting members
None of 2 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$3K
-99% vs prior year
Spent
$346K
To programs
99%
Net assets
$0
By yearFY2021–FY2023
Revenue
$3K
FY2023▼ -99%
Tap a bar for its year
Revenue by fiscal year
FY2021$413K
FY2022$539K
FY2023$3K
Expenses
$346K
FY2023▼ -46%
Tap a bar for its year
Expenses by fiscal year
FY2021$794K
FY2022$642K
FY2023$346K
Net assets
$0
FY2023▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2021$472K
FY2022$376K
FY2023$0

From the FY2023 Form 990 (year ending March 2023) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2022.

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% · $343K Management & general 0% · $2K Fundraising 0% · $493

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

7 people listed on the 990; $37K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$36,667Pt VII · Sec A
Vice President (thru 8/22)
$0Pt VII · Sec A
Secretary (thru 8/22)
$0Pt VII · Sec A
Director (thru 8/22)
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President (thru 2/3/23)
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021
Lois Savage$36,667$93,500$88,000

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 Lodestar Charitable Foundation executive salaries →

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

Carries out the purposes of the Arizona Community Foundation.

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1 program · $343K · in their own filed words · FY2022
01

Grants to charitable organizations in support of the purposes of the arizona community foundation, inc.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 86-0965287) · Dispute this line
$343Kprogram 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 · FY2021
Total grants receivedfrom 1 funder$500K
Grants paid · 10 grants · $1.6M · 2020–2022
Arizona Community FoundationAZ · FY2022$22,047
Valley of the Sun United WayAZ · FY2021$50,000
Notmykid INCAZ · FY2021$10,000
Arizona Community FoundationAZ · FY2020$100,000
Valley of the Sun United WayAZ · FY2020$50,000
Social Venture Partners AZAZ · FY2020$10,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$3K
Ln 12
Investment incomeLn 3$3K
Money outPt IX
$346K
Ln 25
Programscol B$343K
Managementcol C$2K
Fundraisingcol D$493
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$3K
Gains on assetsLn 7$907
Total revenueLn 12$3K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 51
VolunteersI 63
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 FY23End FY23
Cash and savingsLn 1–2$0$0
InvestmentsLn 11–13$376K$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$376K$0
LiabilitiesLn 26$0$0
Net assetsLn 32$376K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$334K$334K
Other employee benefitsLn 9$9K$9K$458
Payroll taxesLn 10$701$666$35
Management feesLn 11a$1K$1K
Investment management feesLn 11f$163$163
Other fees for servicesLn 11g$40$40
Total functional expensesLn 25$346K$343K$2K$493

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest ViewingFiled with the IRS Jan 29, 2024 $3K$346K−$342K$0 990 PDF
FY2022Filed with the IRS Feb 14, 2023 $539K$642K−$103K$376K 990 PDF
FY2021Filed with the IRS Feb 10, 2022 $413K$794K−$381K$472K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $3,352 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $500,000$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $38,774$3,352
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $538,774$3,352
I-13 Grants and similar amounts paidPrior year $535,000$334,047
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $100,897$9,867
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,015$1,593
I-18 Total expensesPrior year $641,912$345,507
I-19 Revenue less expensesPrior year −$103,138−$342,155
Part VI · Governance 0 of 2 board members independent, no flags
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,352 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $2,445$2,445
VIII-7 Net gain or loss on sales of assetsExcluded from tax $907$907
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $3,352$3,352
Part IX · Statement of functional expenses $345,507 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $334,047$334,047
IX-9 Other employee benefitsPrograms $8,708 · Fundraising $458$9,166
IX-10 Payroll taxesPrograms $666 · Fundraising $35$701
IX-11a Management feesManagement $1,390$1,390
IX-11f Investment management feesManagement $163$163
IX-11g Other fees for servicesManagement $40$40
IX-25 Total functional expensesPrograms $343,421 · Management $1,593 · Fundraising $493$345,507
Part X · Balance sheet $0 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $82$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $376,386$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $376,468$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $376,468$0
X-32 Total net assets or fund balancesStart of year $376,468$0
X-33 Total liabilities and net assetsStart of year $376,468$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$3,352
XI-2 Total expenses$345,507
XI-3 Revenue less expenses−$342,155
XI-4 Net assets at start of year$376,468
XI-5 Net unrealized gains (losses) on investments−$34,313
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

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

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