Nonprofit · EIN 86-1043201
DOWNTOWN TEMPE FOUNDATION
Tax-exempt · TEMPE, AZ 85281
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,073,608 | $987,725 | $85,883 | $122,268 | $1,372 | $120,896 |
| June 30, 2024 | 990 | $1,020,981 | $982,544 | $38,437 | $43,458 | $8,445 | $35,013 |
| June 30, 2023 | 990 | $1,029,067 | $976,601 | $52,466 | $19,043 | $22,467 | -$3,424 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $318,602
- of which government grants
- $30,050
- Program service revenue
- $751,453
- Investment income
- $0
- Other revenue
- $3,553
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $42,000
- Occupancy
- $10,056
- Program services (functional)
- $934,405
- Management and general (functional)
- $53,320
Balance sheet and other
- Total assets, start of year
- $43,458
- Total assets, end of year
- $122,268
- Total liabilities, end of year
- $1,372
- Net assets, end of year
- $120,896
- Net assets without donor restrictions
- $120,896
- Gross receipts
- $1,073,608
- Employees
- 0
- Volunteers
- 280
- Year formed
- 2009
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LORI FOSTER | EXEC DIR/PRE Officer | 10 | $0 | $155,000 | $23,803 |
| ROBIN ARREDONDO-SAVAGE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NANCY BAKER | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RABBANNI FURQUAAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHARLES GOFFNET | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BARBARA LLOYD | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LINDA SPEARS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBIN TRICK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LORI FOSTER | EXEC DIR/PRE Officer | 10 | $0 | $145,000 | $13,853 |
| ROBIN ARREDONDO-SAVAGE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NANCY BAKER | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RABBANNI FURQUAAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHARLES GOFFNET | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BARBARA LLOYD | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LINDA SPEARS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBIN TRICK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KATE BORDERS | EXECUTIVE DIRECTOR/PRESIDENT (THRU 6/14) Officer | 10 | $0 | $191,220 | $24,379 |
| CHARLES GOFFNETT | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BARBARA LLOYD | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BILL EPPS | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ROBIN ARREDONDO-SAVAGE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LINDA SPEARS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBIN TRICK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 W RIO SALADO PKWY, TEMPE, AZ 85281-3743
- In care of
- % NANCY HORMANN
- Principal officer (990 for 2024)
- LORI FOSTER
- Signed the 990
- LORI FOSTER, EXEC DIR/PRES/SEC
- Phone
- (480) 355-6060
- Website
- WWW.DOWNTOWNTEMPE.COM
- Return prepared by
- SKINNER CLOUSE GROUP PLLC
Mission
TO CURATE DIVERSE AND IMPACTFUL EXPERIENES THAT CULTIVATE COMMUNITY ENGAGEMENT.
Program accomplishments
- THE FOUNDATION PRODUCES LARGE SCALE EVENS THAT SHOWCASE DOWNTOWN TEMPE AND HOPEFULLY GENERATE SALES FOR MERCHANTS, CREATE A SENSE OF COMMUNITY, AND BUILD A CONNECTION FOR FAMILIES AND VISITORS TO DOWNTOWN. EVENTS ARE ALWAYS FREE TO ATTEND AND PRESENT A DIVERSE RANGE OF CULTURAL COMPONENTS.Expenses $934,405 · revenue $751,453
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 86-1043201
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $122,268
- Income (IRS master file)
- $1,073,608
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,073,608 | $987,725 | $122,268 | IRS |
| 990 | June 2024 | $1,020,981 | $982,544 | $43,458 | IRS |
| 990 | June 2023 | $1,029,067 | $976,601 | $19,043 | XML |
| 990 | June 2022 | $876,919 | $820,022 | $5,500 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
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 86-1043201).
Questions about DOWNTOWN TEMPE FOUNDATION
- What is the EIN of DOWNTOWN TEMPE FOUNDATION?
- The employer identification number (EIN) of DOWNTOWN TEMPE FOUNDATION is 86-1043201.
- Is DOWNTOWN TEMPE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to DOWNTOWN TEMPE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN TEMPE 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 DOWNTOWN TEMPE FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DOWNTOWN TEMPE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of DOWNTOWN TEMPE FOUNDATION?
- The 990 for the year ended June 30, 2025 names LORI FOSTER.
- Who are the officers and directors of DOWNTOWN TEMPE FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does DOWNTOWN TEMPE FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,073,608, expenses of $987,725 and total assets of $122,268 at year end.
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All nonprofits in TEMPE · Arizona · Community improvement and capacity building