Arizona Educational Foundation INC

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To celebrate excellence and cultivate opportunity in pk-12th grade Arizona public education.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 100 volunteers and 9 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 7
filings with a surplus
Average surplus $1K a year · under 1% of revenue · last 7 filings
Fine: a surplus in 5 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$145K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $1.1M in investments, Pt X · Ln 11–13
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $465K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$250K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 17 voting members
Concern: none of 17 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$976K
-0.3% vs prior year
Spent
$1.5M
To programs
92%
Net assets
$1.4M
By yearFY2019–FY2025
Revenue
$976K
FY2025-0.3%
Tap a bar for its year
Revenue by fiscal year
FY2019$682K
FY2020$556K
FY2021$534K
FY2022$901K
FY2023$895K
FY2024$979K
FY2025$976K
Expenses
$1.5M
FY2025▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2019$408K
FY2020$480K
FY2021$486K
FY2022$673K
FY2023$894K
FY2024$1.1M
FY2025$1.5M
Net assets
$1.4M
FY2025▼ -22%
Tap a bar for its year
Net assets by fiscal year
FY2019$1.3M
FY2020$1.5M
FY2021$1.7M
FY2022$1.5M
FY2023$1.7M
FY2024$1.7M
FY2025$1.4M

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1984.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $1.3M Management & general 8% · $113K Fundraising 0% · $6K

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

Something off? Claim to add context

Who runs it and what they're paid

18 people listed on the 990; $145K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chief Execut
$145,292Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kim Graham$145,292$131,829$131,829$122,029$114,850$109,500
Barbara O'Boyle——————

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 Arizona Educational Foundation INC 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

Connects businesses and communities to support and celebrate PreK-12 education.

Questions for Arizona Educational Foundation INC

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3 programs · $363K · in their own filed words · FY2024
01

Now in its 41ST year, the aef arizona teacher of the year program annually selects arizona's teacher of the year and recognizes an additional fourteen PREK-12 public school teachers, all of whom are exceptionally skilled, talented and dedicated.

$222Kprogram expense
02

The aef a+ school of excellence program is a comprehensive school recognition program that began 41 years ago. Through the program, aef identifies, recognizes and rewards pre-kindergarten through 12TH grade public schools throughout arizona that demonstrate excellence in every aspect of education: student focus and support; school…

$105Kprogram expense
03

The aef arizona state spelling bee is administered by aef to determine arizona's representative in the annual scripps national spelling bee in washington D.C. Spelling bees give students from public, private, charter and home schools an opportunity to utilize their spelling and phonetic skills in a competitive environment and a chance to…

$36Kprogram 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 · FY2024
See all 7 funders →
Grants paid · 7 grants · $275K · 2018–2024
Unitemized GrantFY2024$32,200
Unitemized GrantFY2023$26,350
Unitemized GrantFY2022$17,220
Unitemized GrantFY2021$10,500
Unitemized GrantFY2020$39,400
Unitemized GrantFY2019$86,486
Unitemized GrantFY2018$63,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$976K
Ln 12
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$3K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.3M
Managementcol C$113K
Fundraisingcol D$6K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$154K
Total assetsLn 16$1.6M
LiabilitiesLn 26$250K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Fundraising eventsLn 1c$94K
Investment incomeLn 3$3K
Total revenueLn 12$976K
Assets in detailPt X, end of year
CashLn 1$154K
Cash and savings togetherLn 1–2$154K
Prepaid expenses and deferred chargesLn 9$37K
Land, buildings, equipmentLn 10c$122K
InvestmentsLn 11–13$1.1M
Other assetsLn 15$179K
Total assetsLn 16$1.6M
LiabilitiesLn 26$250K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 59
VolunteersI 6100
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$1.1M$1.4M$1.4M$935K$1.2M
SpentLn 1d–1f$369K$18K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$341K$154K
InvestmentsLn 11–13$1.4M$1.1M
Land, buildings, equipmentLn 10c$65K$122K
Total assetsLn 16$2.0M$1.6M
LiabilitiesLn 26$275K$250K
Net assetsLn 32$1.7M$1.4M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$32K$32K
Pay of current officers, directors and key staffLn 5$156K$142K$15K
Other salaries and wagesLn 7$548K$494K$54K
Pension plan contributionsLn 8$18K$16K$2K
Other employee benefitsLn 9$2K$1K$110
Payroll taxesLn 10$60K$56K$4K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$329K$329K
Office expensesLn 13$60K$58K$3K
Information technologyLn 14$20K$16K$4K
OccupancyLn 16$69K$61K$8K
TravelLn 17$48K$48K
Conferences, conventions and meetingsLn 19$16K$16K$104
Depreciation, depletion and amortizationLn 22$29K$29K
InsuranceLn 23$25K$25K
Other expenses (24a–d)Ln 24$41K$41K
All other expensesLn 24e$2K$2K$310
Total functional expensesLn 25$1.5M$1.3M$113K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 6, 2026 $976K$1.5M−$486K$1.4M 990 PDF
FY2024Filed with the IRS Jun 25, 2025 $979K$1.1M−$132K$1.7M 990 PDF
FY2023Filed with the IRS Jun 18, 2024 $895K$894K$205$1.7M 990 PDF
FY2022Filed with the IRS Jul 26, 2023 $901K$673K$228K$1.5M 990 PDF
FY2021Filed with the IRS Jun 24, 2022 $534K$486K$48K$1.7M 990 PDF
FY2020Filed with the IRS Apr 29, 2021 $556K$480K$76K$1.5M 990 PDF
FY2019Filed with the IRS Apr 13, 2021 $682K$408K$274K$1.3M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $975,520 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $974,512$1,116,179
I-9 Program service revenue$0
I-10 Investment incomePrior year $2,044$2,768
I-11 Other revenuePrior year $2,215−$143,427
I-12 Total revenuePrior year $978,771$975,520
I-13 Grants and similar amounts paidPrior year $28,575$32,200
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $477,885$783,907
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $604,518$645,351
I-18 Total expensesPrior year $1,110,978$1,461,458
I-19 Revenue less expensesPrior year −$132,207−$485,938
Part VI · Governance 0 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
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 $975,520 across 7 lines filed
VIII-1c Fundraising events$94,423
VIII-1f All other contributions, gifts and grants$1,021,756
VIII-1h Total contributions, gifts and grants$1,116,179
VIII-3 Investment incomeExcluded from tax $2,768$2,768
VIII-8 Net income from fundraising events−$153,041
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,614$9,614
VIII-12 Total revenueRelated to mission $9,614 · Excluded from tax $2,768$975,520
Part IX · Statement of functional expenses $1,461,458 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $32,200$32,200
IX-5 Pay of current officers, directors and key staffPrograms $141,633 · Management $14,619$156,252
IX-7 Other salaries and wagesPrograms $494,385 · Management $53,978$548,363
IX-8 Pension plan contributionsPrograms $15,640 · Management $2,160$17,800
IX-9 Other employee benefitsPrograms $1,463 · Management $110$1,573
IX-10 Payroll taxesPrograms $55,725 · Management $4,194$59,919
IX-11c Accounting feesManagement $4,535$4,535
IX-11g Other fees for servicesPrograms $328,964$328,964
IX-13 Office expensesPrograms $57,874 · Fundraising $2,556$60,430
IX-14 Information technologyPrograms $16,481 · Fundraising $3,500$19,981
IX-16 OccupancyPrograms $61,009 · Management $8,410$69,419
IX-17 TravelPrograms $48,125$48,125
IX-19 Conferences, conventions and meetingsPrograms $15,868 · Management $104$15,972
IX-22 Depreciation, depletion and amortizationPrograms $29,235$29,235
IX-23 InsuranceManagement $25,234$25,234
IX-24 Other expenses (24a–d)Programs $41,477$41,477
IX-24e All other expensesPrograms $1,669 · Fundraising $310$1,979
IX-25 Total functional expensesPrograms $1,341,748 · Management $113,344 · Fundraising $6,366$1,461,458
Part X · Balance sheet $1,602,633 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $340,564$154,238
X-9 Prepaid expenses and deferred chargesStart of year $9,147$37,347
X-10c Land, buildings and equipment, netStart of year $64,851$122,108
X-11 Publicly traded securitiesStart of year $1,384,996$1,110,297
X-15 Other assetsStart of year $183,704$178,643
X-16 Total assetsStart of year $2,019,462$1,602,633
X-17 Accounts payable and accrued expensesStart of year $24,757$9,902
X-19 Deferred revenueStart of year $62,668$55,451
X-25 Other liabilitiesStart of year $187,537$184,646
X-26 Total liabilitiesStart of year $274,962$249,999
X-27 Net assets without donor restrictionsStart of year $673,726$281,860
X-28 Net assets with donor restrictionsStart of year $1,070,774$1,070,774
X-32 Total net assets or fund balancesStart of year $1,744,500$1,352,634
X-33 Total liabilities and net assetsStart of year $2,019,462$1,602,633
Part XI · Reconciliation of net assets $1,352,634 net assets at year end
XI-1 Total revenue$975,520
XI-2 Total expenses$1,461,458
XI-3 Revenue less expenses−$485,938
XI-4 Net assets at start of year$1,744,500
XI-5 Net unrealized gains (losses) on investments$94,072
XI-10 Net assets at end of year$1,352,634

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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