State Forty Eight Foundation
To drive local innovation and inspire community action through the support and empowerment of Arizona entrepreneurs and non-profits.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$16K
-54.6% YoY
Annual Giving
$54K
Grant Count
8
Avg Grant Size
$7K
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $15,554 | $34,280 | $61,306 |
| Revenue | $314,185 | $282,595 | $220,707 |
| Expenses | $362,033 | $288,792 | $219,603 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | $19 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does State Forty Eight Foundation fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL SPANGENBERG | Chair of the BoardTre | 2 | — |
| NICHOLAS POLANDO | Board Member | 2 | — |
| TYLER SUBLETTE | Board Member | 1 | — |
| TIM REGAN | Board Member | 1 | — |
| NOAH RUIZ | Board Member | 1 | — |
| AMBER CORDOBA | Board Member | 2 | — |
| KYLE JENNINGS | Board Member | 1 | — |
| JASON BYERS | Board Member | 1 | — |
| SHANNON BREEN | Board Member | 1 | — |
| BERNARD JOHNSEN | Board Member | — | — |
| DOMINIC OROZCO | Board Member | 1 | — |
| ALYCIA ELFSTROM | Board Member | 1 | — |
| SENTARI MINOR | Board Member | 1 | — |
| ALEX GUERRERO | Board Member | 1 | — |
| MELODY LEWIS | Board Member | 1 | — |
| BRANDON MICHAELS | Board Member | 1 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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