State Forty Eight Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 851524030 ✦ Chandler, AZ ✦ Designated as a 501(c)(3)

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Overview

What is State Forty Eight Foundation?

State Forty Eight Foundation is a nonprofit organization situated in Chandler, Arizona, with an address at 3245 N Arizona Ave Ste E4, 85225. Their primary objective is to foster local innovation and encourage community involvement by supporting and empowering Arizona-based entrepreneurs and nonprofit organizations. They accomplish this goal by offering grant funding to small businesses at their initial stages or those looking to expand. Notable recipients of their grants include Neighborhood Market, True Taekwondo, Common Denominators University, Sacred Sorrows, and the Nest Prep. The foundation's mission is to contribute to the growth and development of the local business community in Arizona.


Official website here: www.statefortyeight.com/pages/foundation

Is State Forty Eight Foundation legitimate?

State Forty Eight Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. State Forty Eight 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.statefortyeight.com/pages/foundation

What is the mission statement of State Forty Eight Foundation?

The State Forty Eight Foundation's mission is centered around fostering local innovation and encouraging community engagement. This is achieved through the support and empowerment of entrepreneurs and nonprofit organizations in their respective endeavors. The foundation provides grant funding to aid early-stage businesses, helping them to establish a solid footing or propel their operations to the next level. Notable recipients of these grants include Neighborhood Market, True Taekwondo, Common Denominators University, and Sacred Sorrows & the Nest Prep. By offering such support, the State Forty Eight Foundation aims to stimulate growth and inspire positive change within its community.


Official website here: www.statefortyeight.com/pages/foundation

Who is the CEO of State Forty Eight Foundation?

Michael Spangenberg is the Chair Of The Boardtre of State Forty Eight Foundation.


Official website here: www.statefortyeight.com/pages/foundation

What is the revenue of State Forty Eight Foundation?

State Forty Eight Foundation's revenue in 2022 was $220,707.


Official website here: www.statefortyeight.com/pages/foundation

Who are the executives of State Forty Eight Foundation and what are their salaries?

There 45 volunteers at State Forty Eight Foundation.


Here are 9 key members and their salaries:


Michael Spangenberg (Chair Of The Boardtre)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicholas Polando (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Zachary Hall (Presidentboard Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tyler Sublette (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rabbanni Furqaan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Penick (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Amaral (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Mcqueen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tyson Nansel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.statefortyeight.com/pages/foundation

Where can I find the form 990 for State Forty Eight Foundation?

State Forty Eight Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.statefortyeight.com/pages/foundation

Learn more at the official website: www.statefortyeight.com/pages/foundation

Mission Statement of State Forty Eight Foundation

The State Forty Eight Foundation is an organization committed to stimulating local innovation and fostering community involvement. Their mission is centered around supporting and empowering entrepreneurs and nonprofit organizations based in Arizona. By providing grant funding, this nonprofit aims to bolster early-stage local businesses, helping them navigate through their initial stages or propel them to the next level. Through their initiatives, the State Forty Eight Foundation plays a significant role in nurturing the growth of Arizona's entrepreneurial landscape and contributing to the overall betterment of the community.

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Impact




October, 2024

State Forty Eight Foundation drives local innovation and inspires community action by empowering Arizona-based entrepreneurs and nonprofit organizations. Through its initiatives, the foundation has provided crucial small business grants to support the launch and growth of early-stage local businesses. This funding enables entrepreneurs to take their ventures to the next level, fostering a vibrant community of innovation and success.

Significant grants have been awarded to organizations such as Neighborhood Market, True Taekwondo, Common Denominators University, Sacred Sorrows, and the Nest Prep, all contributing to the economic and social fabric of Arizona. By investing in these local businesses, State Forty Eight Foundation not only supports individual entrepreneurs but also strengthens the overall community, creating a thriving ecosystem that benefits everyone involved.




This information is meant to be a general summary of State Forty Eight 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.

Revenue
$220,707 (2022)
Expenses
$219,603 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $19
  • Gross Receipts: $255,035

Assets and Liabilities:

  • Total Assets: $61,306
  • Total Liabilities: $41,537
  • Net Assets: $19,769

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Organization Details

Founding Year

2020

Principal Officer

Michael Spangenberg

Main Address

3245 N Arizona Ave Ste E4, Chandler, AZ, 85225

NTEE Category

Code: T12 - Philanthropy

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