Nonprofit · EIN 85-1524030
STATE FORTY EIGHT FOUNDATION
Tax-exempt · CHANDLER, AZ 85225
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $314,185 | $362,033 | -$47,848 | $15,554 | $49,829 | -$34,275 |
| December 31, 2023 | 990 | $282,595 | $288,792 | -$6,197 | $34,280 | $20,707 | $13,573 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $336,805
- Program service revenue
- $5,625
- Investment income
- $0
- Net income from fundraising events
- -$34,786
- Net income from sales of inventory
- $6,541
- Other revenue
- -$28,245
Expenses
- Grants and similar amounts paid
- $56,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $6,497
- Accounting fees
- $11,887
- Travel
- $456
- Program services (functional)
- $56,500
- Management and general (functional)
- $305,535
Balance sheet and other
- Total assets, start of year
- $34,280
- Total assets, end of year
- $15,554
- Total liabilities, end of year
- $49,829
- Net assets, end of year
- -$34,275
- Gross receipts
- $351,672
- Employees
- 0
- Volunteers
- 45
- Year formed
- 2020
- State of legal domicile
- AZ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL SPANGENBERG | Chair of the BoardTre Trustee or director | 2 | $0 |
| NICHOLAS POLANDO | Board Member Trustee or director | 2 | $0 |
| TYLER SUBLETTE | Board Member Trustee or director | 1 | $0 |
| TIM REGAN | Board Member Trustee or director | 1 | $0 |
| NOAH RUIZ | Board Member Trustee or director | 1 | $0 |
| AMBER CORDOBA | Board Member Trustee or director | 2 | $0 |
| KYLE JENNINGS | Board Member Trustee or director | 1 | $0 |
| JASON BYERS | Board Member Trustee or director | 1 | $0 |
| SHANNON BREEN | Board Member Trustee or director | 1 | $0 |
| BERNARD JOHNSEN | Board Member Trustee or director | 0 | $0 |
| DOMINIC OROZCO | Board Member Trustee or director | 1 | $0 |
| ALYCIA ELFSTROM | Board Member Trustee or director | 1 | $0 |
| SENTARI MINOR | Board Member Trustee or director | 1 | $0 |
| ALEX GUERRERO | Board Member Trustee or director | 1 | $0 |
| MELODY LEWIS | Board Member Trustee or director | 1 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRANDON MICHAELS | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL SPANGENBERG | Chair of the BoardTre Trustee or director | 2 | $0 |
| NICHOLAS POLANDO | Board Member Trustee or director | 2 | $0 |
| ZACHARY HALL | PresidentBoard Member Trustee or director | 2 | $0 |
| TYLER SUBLETTE | Board Member Trustee or director | 1 | $0 |
| SARAH AMARAL | Board Member Trustee or director | 1 | $0 |
| MICHELLE MCQUEEN | Board Member Trustee or director | 1 | $0 |
| TIM REGAN | Board Member Trustee or director | 1 | $0 |
| NOAH RUIZ | Board Member Trustee or director | 1 | $0 |
| AMBER CORDOBA | Board Member Trustee or director | 1 | $0 |
| KYLE JENNINGS | Board Member Trustee or director | 1 | $0 |
| JASON BYERS | Board Member Trustee or director | 1 | $0 |
| SHANNON BREEN | Board Member Trustee or director | 1 | $0 |
| BERNARD JOHNSEN | Board Member Trustee or director | 1 | $0 |
| KATIE WASSON | Secretary Trustee or director | 1 | $0 |
| DOMINIC OROZCO | Board Member Trustee or director | 1 | $0 |
| ALYCIA ELFSTROM | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3245 N ARIZONA AVE STE E4, CHANDLER, AZ 85225-7329
- In care of
- % MICHAEL SPANGENBERG
- Mailing address (990-N for 2020)
- 3245 N Arizona Avenue Suite E4, Chandler AZ 85225
- Principal officer (990 for 2024)
- Michael Spangenberg, 1255 N Arizona Ave Ste 1354, Chandler, AZ 85225
- Principal officer (990-N for 2020)
- Michael Spangenberg, 33245 N Arizona Avenue Suite E4, Chandler AZ 85225
- Signed the 990
- MICHAEL SPANGENBERG, Chairman of the Board
- Phone
- (480) 298-6465
- Return prepared by
- Simplified Accounting LLC
Mission
To drive local innovation and inspire community action through the support and empowerment of Arizona entrepreneurs and non-profits.
Program accomplishments
- Provided Small business grants to Arizona-based businesses to fulfill our mission to support and empower Arizona based entrepreneurs By providing grant funding, we support early-stage local businesses with start up found to get their business to off the ground or to the next level. Some of our larger grants included grants to: Juntos LLC, The Pad Studio LLC, Ginger CC Design, LLC, Hard Copy Media, LLCExpenses $56,500 · grants $56,500
- Providing a four-part educational and Community building events for anyone who inspires to be an entrepreneur. Events will tackle themes and topics central to the entrepreneurs journey and aims that attendees will walk away better equipped and inspired to pursue their venture.Expenses $13,988 · revenue $5,625
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-1524030
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $15,554
- Income (IRS master file)
- $351,672
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $314,185 | $362,033 | $15,554 | IRS |
| 990 | December 2023 | $282,595 | $288,792 | $34,280 | XML |
| 990 | December 2022 | $220,707 | $219,603 | $61,306 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Michael Spangenberg | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-1524030).
Questions about STATE FORTY EIGHT FOUNDATION
- What is the EIN of STATE FORTY EIGHT FOUNDATION?
- The employer identification number (EIN) of STATE FORTY EIGHT FOUNDATION is 85-1524030.
- Is STATE FORTY EIGHT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to STATE FORTY EIGHT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does STATE FORTY EIGHT FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of STATE FORTY EIGHT FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STATE FORTY EIGHT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of STATE FORTY EIGHT FOUNDATION?
- The 990 for the year ended December 31, 2024 names Michael Spangenberg.
- Who are the officers and directors of STATE FORTY EIGHT FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 16 people; 0 received compensation from the organization.
- How much revenue does STATE FORTY EIGHT FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $314,185, expenses of $362,033 and total assets of $15,554 at year end.
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