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Arizona Community Foundation

Public charity990-T FY2023
DBA: % PAUL VELASKI
Foundations · PHOENIX, AZ · EIN 86-0348306

About

To lead, serve and collaborate to mobilize enduring philanthropy for a better arizona.(additional information on schedule o)

In care of PAUL Velaski

Donations are tax-deductible
Category
Foundations
Employees
81
Volunteers
391

Financial Snapshot

FY ending 2024-03-31
Revenue
$95.2M
Expenses
$94.7M
Assets
$1.1B
Liabilities
$189.4M

Financial history

$211.7M$105.9M$0
161718192021222324
RevenueExpenses
Latest FY2024: $95.2M · Peak FY2022: $211.7M · Avg: $132.3M

Foreign activity (Schedule F)

Total spent abroad$288K
Foreign employees0
Foreign offices0
Foreign partnership interestYes
Foreign trust interestNo
RegionActivitySpent
EAST ASIA/PACIFIC——
EUROPE——
MIDDLE EAST/NORTH AFRICA——
NORTH AMERICA——
SUBSAHARAN AFRICA——

501(h) election

This 501(c)(3) elected the 501(h) safe-harbor — lobbying expenditures are capped under a clear dollar formula instead of the "insubstantial part" standard.

Political & Grant Activity

Campaign Spending
—
Lobbying
$58K
Grants Given
$73.4M
ARIZONA COMMUNITY FOUNDATION
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Address

2201 E Camelback RD No 405B
Phoenix, AZ, 85016-343

Governance

Voting board members30
Independent members29
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %97.0%
Permanent endowment %3.0%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer ↗
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search ↗
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
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