Public, Society Benefit

Arizona Saves Inc

  • Phoenix, AZ
  • www.arizonasaves.org

This organization has not appeared on the IRS Business Master File in a number of months. It may have merged with another organization or ceased operations.


This organization's exempt status was automatically revoked by the IRS for failure to file a Form 990, 990-EZ, 990-N, or 990-PF for 3 consecutive years. Further investigation and due diligence are warranted.

Mission Statement

The need for programs that advance financial education and financial action stems largely from the extremely low U.S. saving rate (-1%), and the failure of most Americans to have assets to fall back on for emergencies and retirement. Because Arizona ranks among the worst in the nation in numerous areas (37th for the percentage of people in poverty, 43rd for homeownership, 49th for high school dropouts), the need to improve the financial condition of Arizonans is particularly acute. The financial burdens many Arizonans face contributes to poverty, homelessness, hunger, and crime, all of which negatively affect the entire community. Arizona Saves strives to improve Arizonans' ability to build sustainable financial self-sufficiency through education, saving and asset building, reduced spending, and debt reduction. Our Arizona Kids Save program addresses the concern that of Arizonans with children under 18 years of age, over 18% have incomes below 100% of poverty level. In addition, the number one reason teens are dropping out of college is excessive consumer debt. By bringing financial education to our kids, we can help them overcome the cycle of poverty and build secure futures.

Main Programs

  1. Financial Education
Service Areas

Self-reported

Arizona

State of Arizona, primarily Maricopa County, Pima County, Yavapai County, Pinal County

ruling year

2003

Principal Officer since 2007

Self-reported

Patrick Jordan

Keywords

Self-reported

financial education, asset building, saving, debt, foreclosure prevention, money management, self-sufficiency, collaboration, banking, budgeting, improving credit, kids financial education

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EIN

71-0946315

 Number

5971293071

Physical Address

6633 N. Black Canyon Hwy. 2nd Floor

Phoenix, AZ 85015

Also Known As

Arizona Saves

Contact

Cause Area (NTEE Code)

Public, Society Benefit - Multipurpose and Other N.E.C. (W99)

Adult, Continuing Education (B60)

Education N.E.C. (B99)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

In 2008, we more than doubled the size of our staff as well as the number of people attending our financial eduction workshops.   Nearly 2,500 people attended 186 workshops taught by 75 volunteers.  The number of participants who enrolled to become "Arizona Savers" was 412.  We hosted 10 training events attended by over 200 volunteers.  Our volunteers committed 1,670 hours of volunteer service to the organization, representing $34,700 in valuable in-kind service.  The Crisis Budget Program was launched as a response to the forelcosure crisis in partnership with HUD-certified counseling agencies, government agencies, faith-based organizations and non-profit partners.  We trained 40 volunteers who provided education to over 500 people facing foreclosure in the Phoenix metropolitan area.

 

In 2009, our goal is to expand partnerships to provide more workshops in East Phoenix, Pima County and Yavapai County.  Our patnership with city-based Family Self-Sufficience (FSS) programs are assisting us in tracking outcomes for families who attend financial education.  Our goal is to provide outcomes that correlate to attending financial education.  With assistance from certified financial planners, we will begin offering a basic "Investing" curriculum targeted to low- to moderate-income families who are eager to climb the ladder from emergency savings to building wealth and assets.

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

Financial Education

Financial Education Program: All persons wishing to learn how better manage their finances can attend one of our financial education classes.. Workshops are cost effective becasue they are presented by our volunteer financial experts who are trained in our curriculum.  Topics: banking basics, budgeting and saving, using credit wisely, improving , and homeownershiparticularly poor financial habits they may have learned from family, friends, or media.  Participants put financial education classes into action by becoming an Arizona Saver, and beginning to save and set appropriate financial goals.  Special Initiatives:  With the goal of serving all Arizonans, Arizona Saves partners with the cities of Phoenix, Scottsdale and Tempe; Arizona Native Americans, financial education program for men and women preparing to leave prison in partnership with AWEE and Prison Fellowship, and offers financial education classes for individuals in the ChexSystems in partnership with some financial institutions.

Category

Public, Society Benefit

Population(s) Served

Adults

Poor/Economically Disadvantaged, Indigent, General

Children and Youth (infants - 19 years.)

Budget

$270,000.00

Service Areas

Self-reported

Arizona

State of Arizona, primarily Maricopa County, Pima County, Yavapai County, Pinal County

Funding Needs

We need funding to deliver our  financial eduction classes.

photos




External Reviews

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

ARIZONA SAVES, INC.
Fiscal year: Jan 01-Dec 31
Yes, financials were audited by an independent accountant.

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Operations

The people, governance practices, and partners that make the organization tick.

Arizona Saves Inc

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2011, 2010 and 2009
  • Board Chair and Board Members
  • Access to the GuideStar Community
Need the ability to download nonprofit data and more advanced search options? Consider a Premium or Pro Search subscription.

Principal Officer

Patrick Jordan

BIO

Mr. Jordan is a community development and non-profit professional who is dedicated to financial education and asset building. Before coming to Arizona Saves as the Executive Director, Patrick was Community Development Director at United Way of Tucson and Southern Arizona where he created the Earned Income Tax Credit Task Force for Southern Arizona that resulted in $5 million in refundable tax credits to low-income families. He also developed Financial Literacy Collaboration among six agencies which secured grants totaling $450 thousand. The collaboration resulted in more than 3000 individuals receiving financial education. Under his leadership United Way and was awarded a Ford Foundation Grant of $140,000 supporting public benefits and asset building for lower-wage workers. Mr. Jordan also worked as a public relations director and a radio news anchor among other positions. Mr. Jordan is native Arizona and a graduate of the University of Arizona where he studied English Literature and Theatre.

Governance

BOARD CHAIR

Marie Sullivan

AWEE - Arizona Women's Education and Employment

Term: Jan 2011 - Dec 2011

BOARD LEADERSHIP PRACTICES

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices. Self-reported by organization


RESPONSE NOT PROVIDED

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?


RESPONSE NOT PROVIDED

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?


RESPONSE NOT PROVIDED

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?


RESPONSE NOT PROVIDED

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?


RESPONSE NOT PROVIDED

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?