Overview
What is Desert Financial Foundation?
Desert Financial Foundation is a charitable organization situated in Phoenix, Arizona, with a strong commitment to enhancing the financial well-being of their community. They achieve this goal through various initiatives, including scholarships, grants, and fundraising events. The scholarships they offer are merit-based, rewarding students who demonstrate leadership through community service, academic excellence, and financial need. The scholarships range from $2,500 to $10,000, catering to both graduating high school seniors and adult learners attending 2- or 4-year colleges or universities in Arizona. Additionally, the foundation extends financial aid to low-income individuals pursuing certifications through career and technical education programs, covering program and certification fees, as well as necessary equipment and supplies. The Foundation's mission is multifaceted, encompassing education, scholarships, grant distribution to non-profit programs, and fundraising efforts, all aimed at promoting the financial health of their community.
Official website here: www.desertfinancial.com/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement. Overall score: 62%, earning a Two-Star out of Four Star rating.
Desert Financial Foundation holds a Two-Star rating, indicating that the organization has areas needing significant improvement, particularly in its accountability and financial governance. The lack of independent board members, with 0% independence among the board, raises concerns about oversight and decision-making processes. Additionally, financial transparency is lacking, as the organization has not made financial statements available, which impacts donor trust.
Despite these shortcomings, the foundation demonstrates strong performance in certain financial metrics, such as a high program expense ratio of 99.83%, indicating that it allocates nearly all its resources directly to its programs. The organization has established policies for conflict of interest and whistleblower protection, which are positive indicators of governance. However, the absence of a document retention policy and missing tax forms on its website suggest that there is still considerable room for improvement in transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Desert Financial Foundation legitimate?
Desert Financial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Desert Financial Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.desertfinancial.com/foundation
What is the mission statement of Desert Financial Foundation?
The Desert Financial Foundation's mission is centered around promoting financial health within their community. They achieve this goal through various means, including education, scholarships, grant funding for non-profit programs, and fundraising initiatives. Scholarships are awarded to students demonstrating leadership, academic excellence, and financial need, with amounts ranging from $2,500 to $10,000. The foundation also provides financial assistance to low-income high school and college students pursuing certifications through career and technical education programs, covering program fees, certification expenses, and necessary equipment.
Official website here: www.desertfinancial.com/foundation
Who is the CEO of Desert Financial Foundation?
Rondle Amstutz is the Secretary of Desert Financial Foundation.
Official website here: www.desertfinancial.com/foundation
What is the revenue of Desert Financial Foundation?
Desert Financial Foundation's revenue in 2022 was $1,090,189.
Official website here: www.desertfinancial.com/foundation
Who are the executives of Desert Financial Foundation and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $768,149
- Other: $101,962
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,874,940
- Other: $590,180
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $805,579
- Other: $41,086
- Compensation: $0
- Related: $501,302
- Other: $34,323
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $481,554
- Other: $23,989
- Compensation: $0
- Related: $210,245
- Other: $29,124
Official website here: www.desertfinancial.com/foundation
Where can I find the form 990 for Desert Financial Foundation?
Desert Financial Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.desertfinancial.com/foundation
Learn more at the official website: www.desertfinancial.com/foundation
Mission Statement of Desert Financial Foundation
Desert Financial Foundation, a community-focused organization, is committed to promoting financial health within its community. The foundation accomplishes this objective through various means, including education, scholarships, grants to non-profit programs, and fundraising initiatives. By providing educational resources, Desert Financial Foundation empowers individuals to make informed financial decisions.
Scholarships are another critical aspect of the foundation's mission, with awards being given to deserving students who demonstrate exceptional leadership through community service, academic excellence, and financial need. These scholarships range from $2,500 to $10,000 and are available to graduating high school seniors and adult learners attending two-year or four-year colleges or universities in Arizona. Additionally, scholarships are awarded to low-income high school and college students pursuing certifications through career and technical education programs to cover program and certification fees, as well as necessary equipment and supplies.
In summary, Desert Financial Foundation's mission is to promote financial health within its community through education, scholarships, grants to non-profit programs, and fundraising efforts. By providing educational resources and financial assistance to deserving students, the foundation aims to empower individuals and foster a stronger, more financially stable community.
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Impact
July, 2024
Desert Financial Foundation positively impacts our community by promoting financial health through education, scholarships, grants to nonprofit programs, and fundraising efforts. The foundation awards scholarships to students demonstrating leadership through community service, academic excellence, and financial need. These scholarships range from $2,500 to $10,000 and support graduating high school seniors, adult learners, and low-income individuals pursuing certifications in career and technical education programs. By providing financial assistance and support, Desert Financial Foundation helps individuals in Arizona access educational opportunities and improve their financial well-being.
This information is meant to be a general summary of Desert Financial Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $1,169,511
Assets and Liabilities:
- Total Assets: $336,167
- Total Liabilities: $25,000
- Net Assets: $311,167
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Organization Details
Founding Year
2015
Phone
(602) 433-4955Principal Officer
Rondle Amstutz
Main Address
148 N 48TH STREET, PHOENIX, AZ, 85034
NTEE Category
Code: T30 - Philanthropy
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