Lodestar Charitable Foundation FY2021 filing

Phoenix, AZUnknown exempt organization EIN 86-0965287Revenue $413K in FY2021Latest 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, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 86-0965287) · Dispute this line
98¢ of each $1 spent went to programs.
$88K 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
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
98%
of spending
98% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$88K
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
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$413K
Spent
$794K
To programs
98%
Net assets
$472K
By yearFY2021–FY2023
Revenue
$413K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$413K
FY2022$539K
FY2023$3K
Expenses
$794K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$794K
FY2022$642K
FY2023$346K
Net assets
$472K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$472K
FY2022$376K
FY2023$0

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

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

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

98 cents of each dollar spent went to programs.

Program services 98% · $781K Management & general 1% · $6K Fundraising 1% · $6K

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

5 people listed on the 990; $88K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President
$88,000Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary - Thru 12/23/2020
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$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 · $781K · in their own filed words · FY2020
01

Grants to Charitable organizations in support of the purposes of the arizona community Foundation, INC.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 86-0965287) · Dispute this line
$781Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$413K
Ln 12
Gifts and grantsLn 1h$372K
Other incomeLn 4–11$29K
Investment incomeLn 3$12K
Money outPt IX
$794K
Ln 25
Programscol B$781K
Managementcol C$6K
Fundraisingcol D$6K
Owns and owesPt X
$472K
net assets · Ln 32
Total assetsLn 16$472K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$372K
Noncash giftsLn 1g$372K
Investment incomeLn 3$12K
Other incomeLn 4–11$29K
Gains on assetsLn 7$29K
Total revenueLn 12$413K
Assets in detailPt X, end of year
InvestmentsLn 11–13$472K
Total assetsLn 16$472K
LiabilitiesLn 26$0
Net assetsLn 32$472K
OperationsPt I, VI
EmployeesI 51
VolunteersI 63
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$372K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
InvestmentsLn 11–13$745K$472K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$745K$472K
LiabilitiesLn 26$4K$0
Net assetsLn 32$741K$472K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$691K$691K
Pay of officers and key staff (Part IX, line 5)Ln 5$89K$84K$4K
Payroll taxesLn 10$7K$7K$343
Management feesLn 11a$4K$4K
Investment management feesLn 11f$1K$1K
Other fees for servicesLn 11g$2K$2K
Other expenses (24a–d)Ln 24$10$10
Total functional expensesLn 25$794K$781K$6K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled 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
FY2021 ViewingFiled with the IRS Feb 10, 2022 $413K$794K−$381K$472K 990 PDF

Schedules filed Part IV

I · Grants M · Noncash O · Explanations
See the full FY2021 990
Part I · Summary $413,092 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$372,435
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $35,720$40,657
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $35,720$413,092
I-13 Grants and similar amounts paidPrior year $560,000$690,605
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $95,541$95,541
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $10,748$7,522
I-18 Total expensesPrior year $666,289$793,668
I-19 Revenue less expensesPrior year −$630,569−$380,576
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $413,092 across 6 lines filed
VIII-1f All other contributions, gifts and grants$372,435
VIII-1g Noncash contributions (included above)$372,435
VIII-1h Total contributions, gifts and grants$372,435
VIII-3 Investment incomeExcluded from tax $11,663$11,663
VIII-7 Net gain or loss on sales of assetsExcluded from tax $28,994$28,994
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $40,657$413,092
Part IX · Statement of functional expenses $793,668 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $690,605$690,605
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $84,242 · Fundraising $4,434$88,676
IX-10 Payroll taxesPrograms $6,522 · Fundraising $343$6,865
IX-11a Management feesManagement $3,763$3,763
IX-11f Investment management feesFundraising $1,250$1,250
IX-11g Other fees for servicesManagement $2,499$2,499
IX-24 Other expenses (24a–d)Management $10$10
IX-25 Total functional expensesPrograms $781,369 · Management $6,272 · Fundraising $6,027$793,668
Part X · Balance sheet $472,491 assets, 8 lines filed
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $745,358$472,491
X-16 Total assetsStart of year $745,358$472,491
X-25 Other liabilitiesStart of year $4,099$0
X-26 Total liabilitiesStart of year $4,099$0
X-27 Net assets without donor restrictionsStart of year $741,259$472,491
X-32 Total net assets or fund balancesStart of year $741,259$472,491
X-33 Total liabilities and net assetsStart of year $745,358$472,491
Part XI · Reconciliation of net assets $472,491 net assets at year end
XI-1 Total revenue$413,092
XI-2 Total expenses$793,668
XI-3 Revenue less expenses−$380,576
XI-4 Net assets at start of year$741,259
XI-5 Net unrealized gains (losses) on investments$111,808
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$472,491

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

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