2024-08-08T09:33:13-05:00 2023-09-30 410746749 CLIFTONLARSONALLEN LLP 5255 EAST WILLIAMS CIRCLE SUITE 5000 TUCSON AZ 85711 990 2022-10-01 455021995 GROWTH PARTNERS ARIZONA GROW 5203829218 5049 E BROADWAY BLVD 156 TUCSON AZ 85711 EVELYN CASUGA BOARD CHAIR 5203829218 2024-07-31 1 0 LISA ADAMS P00854368 5207903500 2024-07-31 2022 2024-08-08 14:25:15Z EVELYN CASUGA 5049 E BROADWAY BLVD 156 TUCSON AZ 85711 1039218 0 X WWW.GROWTHPARTNERSAZ.ORG X 2012 AZ GROWTH PARTNERS ARIZONA IS A U.S. TREASURY DEPARTMENT- CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION WITH A MISSION TO PROVIDE ACCESSIBLE, FAIR, AND RESPONSIBLE LOANS AND SUPPORT TO ARIZONA NONPROFITS AND ECONOMICALLY UNDERSERVED SMALL BUSINESSES OUTSIDE THE ECONOMIC MAINSTREAM. 7 6 0 15 0 0 976685 909450 99576 100356 1340 29412 1500 0 1079101 1039218 0 0 0 0 0 0 0 0 22480 460050 594101 460050 594101 619051 445117 3443264 4211150 1990136 2312905 1453128 1898245 X GROWTH PARTNERS ARIZONA IS A U.S. TREASURY DEPARTMENT- CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION WITH A MISSION TO PROVIDE ACCESSIBLE, FAIR, AND RESPONSIBLE LOANS AND SUPPORT TO ARIZONA NONPROFITS AND ECONOMICALLY UNDERSERVED SMALL BUSINESSES OUTSIDE THE ECONOMIC MAINSTREAM. 0 0 531666 129768 GROWTH PARTNERS ARIZONA IS A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) THAT PROVIDES ACCESSIBLE, FAIR, AND RESPONSIBLE LOANS AND SUPPORT TO ARIZONA NONPROFITS AND ECONOMICALLY UNDERSERVED SMALL BUSINESSES OUTSIDE THE ECONOMIC MAINSTREAM. GPAZ ASSISTS NONPROFIT LEADERS AND SMALL BUSINESS OWNERS GAIN THE OPERATIONAL RESOURCES AND BUSINESS GUIDANCE THEY NEED TO IMPROVE THE LIVES AND ECONOMIC WELLBEING OF ARIZONA RESIDENTS. 531666 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 14 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X GROWTH PARTNERS ARIZONA 5206233377 5049 E BROADWAY BLVD 156 TUCSON AZ 85711 EVELYN CASUGA CHAIR 1.00 X X 0 1100 0 GARY MOLENDA VICE CHAIR 1.00 40.00 X X 0 298885 48782 PEGGY HUTCHISON SECRETARY/TREASURER 1.00 X X 0 0 0 MAGDALENA VERDUGO DIRECTOR 1.00 X 0 0 0 ROXANNE VELIZ DIRECTOR 1.00 X 0 0 0 JUDIE SCALISE DIRECTOR 1.00 X 0 1100 0 MIKE HAMMOND DIRECTOR 1.00 X 0 950 0 ANDRE T WHITTINGTON EXECUTIVE DIRECTOR 40.00 X 13200 0 4407 LESLI PINTOR FORMER EXECUTIVE DIRECTOR 40.00 X 54064 0 12245 67264 302035 65434 0 0 1 0 0 909450 909450 LOAN INTEREST INCOME 900099 84197 84197 FEE INCOME 900099 16159 16159 100356 29412 29412 1039218 129768 0 0 249836 204645 22711 22480 3465 3465 16085 12506 3579 168334 168334 25260 25260 42835 42835 CONSULTING 76533 66333 10200 SERVICE FEE EXPENSE 11753 11753 594101 531666 39955 22480 528943 668335 1750896 2053102 5000 13213 7092 8520 1151333 1467980 3443264 4211150 31349 39342 1750000 2070000 208787 203563 1990136 2312905 X 1453128 1898245 1453128 1898245 3443264 4211150 445117 0 X X 0 1 X 1 0 X X 1 ARIZONA CAPITAL SOURCE 860403989 10 1 0 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART I, LINE 12 (G) (A) ARIZONA CAPITAL SOURCE (FKA BUSINESS DEVELOPMENT FINANCE CORPORATION) IS A 501(C)(4) ORGANIZATION. PART IV, SECTION A, LINE 3B: GROWTH PARTNERS ARIZONA REQUESTED AND WAS FURNISHED A COPY OF ARIZONA CAPITAL SOURCE'S (FKA BUSINESS DEVELOPMENT FINANCE CORPORATION'S) IRS DETERMINATION LETTER AND A COMPLETED PRO FORMA SCHEDULE A, PART III TO CONFIRM ARIZONA CAPITAL SOURCE QUALIFIED AS A 501(C)(4) ORGANIZATION AND SATISFIED THE SUPPORT TESTS APPLICABLE TO A SECTION 509(A)(2) ORGANIZATION FOR THE YEAR ENDED SEPTEMBER 30, 2023. PART IV, SECTION A, LINE 3C GROWTH PARTNERS ARIZONA'S ASSETS ARE USED SOLELY FOR ITS INTENDED CHARITABLE PURPOSE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 NOTE PAYABLE TO ACS 200000 ACCOUNTS PAYABLE TO ACS 3563 203563 X PART X, LINE 2: ACS AND AFFILIATES ADOPTED THE PROVISIONS OF FASB ASC (ACCOUNTING STANDARDS CODIFICATION) NO. 740, ACCOUNTING FOR INCOME TAXES. AS A RESULT OF THE IMPLEMENTATION OF ASC NO. 740 REGARDING UNCERTAINTY IN INCOME TAXES, ACS AND AFFILIATES HAVE NOT RECOGNIZED ANY RESPECTIVE LIABILITY FOR UNRECOGNIZED TAX EXPENSE AS IT HAS NO KNOWN TAX POSITIONS THAT WOULD SUBJECT ACS AND AFFILIATES TO ANY MATERIAL INCOME TAX EXPOSURE. A RECONCILIATION OF BEGINNING AND ENDING AMOUNT OF UNRECOGNIZED TAX EXPENSE IS NOT INCLUDED, NOR IS THERE ANY INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX EXPENSE IN INTEREST EXPENSE AND PENALTIES IN EXPENSES AS THERE ARE NO UNRECOGNIZED TAX EXPENSES. 0 0 0 0 0 0 0 0 0 GARY MOLENDA VICE CHAIR 0 185248 0 7800 0 105837 0 23646 0 25136 0 347667 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED FIRST BY OUR FINANCE COMMITTEE. ONCE THEY'VE APPROVED IT, THE 990 IS PRESENTED TO THE BOARD MEMBERS FOR FINAL APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C "ENFORCEMENTS OF CONFLICTS POLICY" CONFLICTS OF INTEREST ARE RESOLVED BY THE BOARD OF DIRECTORS FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATIO OF THE EXECUTIVE DIRECTOR IS DETERMIND BY THE BOARD OF DIRECTORS. NO OFFICERS RECEIVE ANY COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS DURING THE YEAR. ARIZONA CAPITAL SOURCE 333 N WILMOT STE 227 TUCSON AZ 85711 860403989 NON-PROFIT AZ 501(C)(4) 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 ARIZONA CAPITAL SOURCE E 200000 COST ARIZONA CAPITAL SOURCE M 23095 COST ARIZONA CAPITAL SOURCE O COST ARIZONA CAPITAL SOURCE P 249605 COST ARIZONA CAPITAL SOURCE D COST