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Rio Salado Foundation

Tax-deductible

Tempe, AZ501(c)(3)Recreation & SportsEIN 86-1027630

The mission of the rio salado foundation is to ensure the success of the rio salado project as a major regional destination and urban development through the creation of public/private partnerships via a comprehensive and ongoing capital fundraising campaign.

501(c)(3) charity; gifts are tax-deductible.
Run by 30 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2024 · 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
4 of 5
filings with a surplus
Average surplus $91K a year · 57% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
523 mo
of spending, in cash
Looks good: 523.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$58K
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
$347K
+332% vs prior year
Spent
$60K
To programs
0%
Net assets
$2.5M
By yearFY2020–FY2024
Revenue
$347K
FY2024▲ +332%
Revenue by fiscal year
FY2020$174K
FY2021$176K
FY2022$22K
FY2023$80K
FY2024$347K
Expenses
$60K
FY2024▲ +10%
Expenses by fiscal year
FY2020$127K
FY2021$53K
FY2022$52K
FY2023$54K
FY2024$60K
Net assets
$2.5M
FY2024▲ +9%
Net assets by fiscal year
FY2020$2.3M
FY2021$2.5M
FY2022$2.0M
FY2023$2.3M
FY2024$2.5M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2002.

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

Where the money goes

What each dollar paid for.

Management & general 85% · $51K Fundraising 15% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Ben Cilek
Treasurer
$0Pt VII · Sec A
John Graham
Vice Chairma
$0Pt VII · Sec A
$0Pt VII · Sec A
Nina Mullins
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Corey Woods
Chairman
$0Pt VII · Sec A
See Rio Salado 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 15aYes

Programs and updates

Fundraising for a regional destination and urban development project.

Provided by the organization

This section is blank until Rio Salado Foundation claims this page.

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1 program service, described in the organization's own filed words · FY2024.
01

Programming costs were incurred preparing information to present to the community leaders and potential donors, assisting in the design and implementation of projects donated by corporations and individuals to the charity including public works projects and parks.

Pt IX · col B

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Cencora Impact FoundationFY2024$10K
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$347K
Ln 12
Investment incomeLn 3$309K
Gifts and grantsLn 1h$26K
Other incomeLn 4–11$12K
Money outPt IX
$60K
Ln 25
Managementcol C$51K
Fundraisingcol D$9K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.6M
Total assetsLn 16$2.6M
LiabilitiesLn 26$58K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$26K
Investment incomeLn 3$309K
Other incomeLn 4–11$12K
Gains on assetsLn 7$239K
Total revenueLn 12$347K
Assets in detailPt X, end of year
CashLn 1$396K
SavingsLn 2$2.2M
Cash and savings togetherLn 1–2$2.6M
Other assetsLn 15$1K
Total assetsLn 16$2.6M
LiabilitiesLn 26$58K
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$2.4M$2.6M
Total assetsLn 16$2.4M$2.6M
LiabilitiesLn 26$78K$58K
Net assetsLn 32$2.3M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$29K$29K
Office expensesLn 13$8K$354$8K
TravelLn 17$524$524
InterestLn 20$5K$5K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$565$565
Total functional expensesLn 25$60K$0$51K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $347K$60K$287K$2.5M 990 PDF
FY2023 $80K$54K$26K$2.3M 990 PDF
FY2022 $22K$52K−$29K$2.0M 990 PDF
FY2021 $176K$53K$123K$2.5M 990 PDF
FY2020 $174K$127K$47K$2.3M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $346,711 across 6 lines filed
VIII-1f All other contributions, gifts and grants$25,500
VIII-1h Total contributions, gifts and grants$25,500
VIII-3 Investment incomeExcluded from tax $69,719$69,719
VIII-7 Net gain or loss on sales of assetsRelated to mission $239,492$239,492
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $12,000$12,000
VIII-12 Total revenueRelated to mission $251,492 · Excluded from tax $69,719$346,711
Part IX · Statement of functional expenses $59,532 across 8 lines filed
IX-11b Legal feesManagement $1,260$1,260
IX-11c Accounting feesManagement $13,600$13,600
IX-11g Other fees for servicesManagement $29,000$29,000
IX-13 Office expensesManagement $354 · Fundraising $7,812$8,166
IX-17 TravelFundraising $524$524
IX-20 InterestManagement $5,069$5,069
IX-23 InsuranceManagement $1,348$1,348
IX-24 Other expenses (24a–d)Fundraising $565$565
IX-25 Total functional expensesPrograms $0 · Management $50,631 · Fundraising $8,901$59,532
Part X · Balance sheet $2,598,136 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $245,617$395,779
X-2 Savings and temporary cash investmentsStart of year $2,151,763$2,201,019
X-15 Other assetsStart of year $2,334$1,338
X-16 Total assetsStart of year $2,399,714$2,598,136
X-25 Other liabilitiesStart of year $1,770$2,768
X-26 Total liabilitiesStart of year $78,033$57,588
X-27 Net assets without donor restrictionsStart of year $1,060,863$1,283,668
X-28 Net assets with donor restrictionsStart of year $1,260,818$1,256,880
X-32 Total net assets or fund balancesStart of year $2,321,681$2,540,548
X-33 Total liabilities and net assetsStart of year $2,399,714$2,598,136
Part XI · Reconciliation of net assets $2,540,548 net assets at year end
XI-1 Total revenue$346,711
XI-2 Total expenses$59,532
XI-3 Revenue less expenses$287,179
XI-4 Net assets at start of year$2,321,681
XI-5 Net unrealized gains (losses) on investments−$68,312
XI-10 Net assets at end of year$2,540,548

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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