Arizona Community Foundation
Nonprofit profile at a glance
- EIN
- 860348306
- IRS 990 coverage
- 2014–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Phoenix, AZ, USA
- Phone
- 602.682.2062
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Community Foundations
Reported finances
- Revenue
- $202,503,312
- Expenses
- $122,022,350
- Assets
- $1,192,273,305
- Liabilities
- $205,898,594
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
38 people listed
Executive titles in this filing
- ANNA MARIA CHAVEZ (PRESIDENT & CEO)
Highest reported compensation
- ANNA MARIA CHAVEZ (PRESIDENT & CEO): $594,208 total reported compensation
- ERIC NYSTROM (CHIEF OPERATING OFFICER): $379,600 total reported compensation
- KIMBERLY KUR (CHIEF DEVELOPMENT OFFICER): $306,668 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To lead, serve and collaborate to mobilize enduring philanthropy for a better Arizona.
What it reported doing in 2024
In the tradition of community foundations everywhere, each year acf awards millions of dollars in grants/distributions to nonprofit organizations, government agencies and educational institutions. Grants cover a wide range of focus areas including arts, culture and humanities; community, neighborhood and economic development; education and scholarships; health and human services; environment and species protection; law, justice and public safety; and scientific research. While most grants are made in Arizona to serve local community needs, grants may be made nationally as well for the betterment of our nation.
Operating model
- Revenue model
- Donor-supported. 78% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 91% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 81
- Accountability: 98
- Sustainability: 86
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.4%; rating input score 67
- Program expense ratio: 90.7%; rating input score 91
- Fundraising efficiency: $42.5 raised per $1 spent on fundraising; rating input score 72; 72nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.4%; rating input score 94; 31st percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: 3 of 8 controls in place; rating input score 38
- Claims monitoring procedures: Pass
- Requires narrative reports: Pass
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Pass
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 99.4%; rating input score 99; 40th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 96.7%; rating input score 97; 51st percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 39.7%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 9.77; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0.17; rating input score 72; 72nd percentile among comparable filings
- Officer compensation ratio: 1.9%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: 8.3% per year; rating input score 100; 65th percentile among comparable filings
- Revenue growth: 3.4% per year; rating input score 100; 26th percentile among comparable filings
- Asset growth: 8.1% per year; rating input score 100; 59th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 7 operating locations identified
- Where the money goes: 67.4% of revenue deployed · 90.7% of spending went to programs
- Governance: 29 of 30 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $110.6M in reported program spending
- Leadership: top reported pay $594K · 38 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3.3M reported
- Consistency: 43 of 44 current checks pass · 1 finding to review
- Schedules: 11 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 1183 filed money-flow records
- Related organizations: 1199 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Foreign activity oversight: 5 of 8 not reported.
- Review — Sustainability: Officer compensation ratio scored 57/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.