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EIN 85-1524030

State Forty Eight Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Chandler
State
Arizona
Year formed
2020
Most recent tax filings
2022-12-01
NTEE code, primary
S30: Economic Development
Description
The State Forty Eight Foundation drives local innovation and inspires community action by supporting and empowering Arizona-based entrepreneurs and nonprofit organizations. The foundation fulfills its mission by providing small business grants to early-stage local businesses, helping them get off the ground.
Total revenues
$220,707
2022
Total expenses
$219,603
2022
Total assets
$61,306
2022
Num. employees
0
2022

Program areas at State Forty Eight Foundation

Provided Small business grants to Arizona-based businesses to fulfull our mission to support and empower Arizona enrtrepreneurs. By providing grant funding, we cna support early-stage local businesses with startup found to get their busines to off the ground or to the next level. Some of our larger grants included grants to: Neighborhood Martet, True Taekwondo Common Denominators University, Sacred Sorrows & the Nest Prep

Who funds State Forty Eight Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
AmazonSmile FoundationGeneral Support$6

Personnel at State Forty Eight Foundation

NameTitleCompensation
Michael SpangenbergChair of the Boardtreasurer$0

Financials for State Forty Eight Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$255,016
Program services$0
Investment income and dividends$19
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-34,328
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$220,707

Form 990s for State Forty Eight Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-09990View PDF

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Data update history
July 7, 2023
Updated personnel
Identified 3 new personnel
June 5, 2023
Updated personnel
Identified 5 new personnel
May 22, 2023
Used new vendors
Identified 1 new vendor, including
October 5, 2021
Updated personnel
Identified 1 new personnel
October 1, 2021
Posted financials
Added Form 990N for fiscal year 2020
Nonprofit Types
Civic / social organizationsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Fundraising eventsTax deductible donationsNo full-time employees
General information
Address
3245 N Arizona Ave Ste E4
Chandler, AZ 85225
Metro area
Phoenix-Mesa-Chandler, AZ
County
Maricopa County, AZ
Website URL
statefortyeight.com/state-forty-eight-foundation/ 
Phone
(480) 298-6465
IRS details
EIN
85-1524030
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2020
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
813410: Civic and Social Organizations
Parent/child status
Independent
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