Northern Arizona Capital Facilities Finance Corp in Phoenix, Arizona (AZ)

Northern Arizona Capital Facilities Finance Corp
Employer Identification Number (EIN)	861043855
Name of Organization	Northern Arizona Capital Facilities Finance Corp
Address	Phoenix, AZ 85012
Tax Period	2007
Asset Amount	$1,675,210
Amount of Income	$3,130,451
Form 990 Revenue Amount	$3,130,451
National Taxonomy of Exempt Entities (NTEE)	Educational Institutions and Related Activities: Student Services, Organizations of Students

Non-representatives - add comments:

Amount of income in 2007: $3,130,451

Northern Arizona Capital Facilities Finance Corp:	$3,130,451
Other organizations performing similar types of work:	$1,174,077

Assets in 2007: $1,675,210

Northern Arizona Capital Facilities Finance Corp:	$1,675,210
Other organizations performing similar types of work:	$1,384,553

Expenses in 2007: $5,262,591

This organization:	$5,262,591
Other organizations performing similar types of work:	$1,203,795

Income to expenses ratio in 2007: 0.6

Northern Arizona Capital Facilities Finance Corp:	0.6
Other organizations performing similar types of work:	1.2

Expenses allocated to program services in 2007: 99.9%

This organization:	99.9%
Other organizations performing similar types of work:	81.5%

Grants share in income in 2007: 0.0%

Northern Arizona Capital Facilities Finance Corp:	0.0%
Other organizations performing similar types of work:	0.2%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

	2002	2003	2004	2005	2006	2007
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$1,537,642	$1,710,272	$2,636,981	$1,013,045	$4,453,569	$3,130,451
Contributions, gifts, grants, and similar amounts received	$0	$0	$0	$0	$0	$0
Contributions to donor advised funds					$0	$0
Direct public support	$0	$0	$0	$0	$0	$0
Indirect public support	$0	$0	$0	$0	$0	$0
Government contributions (grants)	$0	$0	$0	$0	$0	$0
Program service revenue including government fees and contracts	$1,450,746	$1,640,504	$1,505,333	$601,734	$1,632,831	$12,857,647
Membership dues and assessments	$0	$0	$0	$0	$0	$0
Interest on savings and temporary cash investments	$86,896	$69,768	$148,867	$411,311	$453,952	$102,745
Dividends and interest from securities	$0	$0	$0	$0	$0	$0
Net rental income or (loss)	$0	$0	$0	$0	$0	$0
Gross rents	$0	$0	$0	$0	$0	$0
Less: rental expenses	$0	$0	$0	$0	$0	$0
Other investment income	$0	$0	$0	$0	$0	$0
Gain or (loss) from sales of assets other than inventory	$0	$0	$982,781	$0	$2,366,786	$-11,590,358
Gross amount from sales of assets other than inventory	$0	$0	$13,225,000	$0	$22,294,535	$12,400,000
Less: cost or other basis and sales expenses	$0	$0	$12,242,219	$0	$19,927,749	$23,990,358
Net income or (loss) from special events and activities	$0	$0	$0	$0	$0	$0
Gross revenue	$0	$0	$0	$0	$0	$0
Less: direct expenses other than fundraising expenses	$0	$0	$0	$0	$0	$0
Gross profit or (loss) from sales of inventory	$0	$0	$0	$0	$0	$0
Gross sales of inventory, less returns and allowances	$0	$0	$0	$0	$0	$0
Less: cost of goods sold	$0	$0	$0	$0	$0	$0
Other revenue	$0	$0	$0	$0	$0	$1,760,417
Total expenses	$1,826,724	$1,786,075	$1,531,007	$1,033,600	$1,643,347	$5,262,591
Program services	$1,818,907	$1,775,873	$1,522,126	$1,026,625	$1,636,494	$5,255,459
Management and general	$7,817	$10,202	$8,881	$6,975	$6,853	$7,132
Fundraising	$0	$0	$0	$0	$0	$0
Payments to affiliates	$0	$0	$0	$0	$0	$0
Net assets or fund balances at end of year	$-396,008	$-471,811	$291,889	$1,135,056	$3,807,350	$1,675,210
Excess or (deficit) for the year	$-289,082	$-75,803	$1,105,974	$-20,555	$2,810,222	$-2,132,140
Net assets or fund balances at beginning of year	$-106,926	$-396,008	$-471,811	$291,889	$1,135,056	$3,807,350
Other changes in net assets or fund balances	$0	$0	$-342,274	$863,722	$-137,928	$0

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2007)
Total functional expenses	$5,262,591	$5,255,459	$7,132	$0
Grants paid from donor advised funds		$0
Other grants and allocations		$0
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$3,087	$3,087	$0	$0
Compensation of former officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)	$0	$0	$0	$0
Salaries and wages of employees not included above	$0	$0	$0	$0
Pension plan contributions not included above	$0	$0	$0	$0
Employee benefits not included above	$0	$0	$0	$0
Payroll taxes	$0	$0	$0	$0
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$0	$0	$0	$0
Legal fees	$5,206	$5,206	$0	$0
Supplies	$128	$128	$0	$0
Telephone	$0	$0	$0	$0
Postage and shipping	$0	$0	$0	$0
Occupancy	$0	$0	$0	$0
Equipment rental and maintenance	$0	$0	$0	$0
Printing and publications	$0	$0	$0	$0
Travel	$0	$0	$0	$0
Conferences, conventions, and meetings	$419	$0	$419	$0
Interest	$1,863,223	$1,863,223	$0	$0
Depreciation, depletion, etc.	$0	$0	$0	$0
Other expenses not covered above	$3,390,528	$3,383,815	$6,713	$0

	2002	2003	2004	2005	2006	2007
Balance Sheets
Total assets	$16,007,588	$16,106,859	$37,288,742	$36,873,269	$52,835,660	$52,558,633
Cash - non-interest-bearing	$193,624	$78,629	$27,122	$0	$13,700	$9,032
Savings and temporary cash investments	$0	$0	$0	$0	$10,000	$0
Accounts receivable less allowance for doubtful accounts	$33,596	$44,160	$7,452	$420,288	$527,806	$296,451
Pledges receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0
Grants receivable	$0	$0	$0	$0	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)					$0	$0
Other notes and loans receivable less allowance for doubtful accounts	$0	$0	$13,225,000	$13,110,417	$35,277,083	$49,180,000
Inventories for sale or use	$0	$0	$0	$0	$0	$0
Prepaid expenses and deferred charges	$63,526	$6,670	$4,686	$8,919	$16,476	$5,088
Investments - publicly-traded securities					$5,203,030	$1,517,319
Investments - other securities	$2,156,673	$2,863,372	$20,069,206	$3,661,822	$0	$0
Investments - land, buildings, and equipment less accumulated depreciation	$0	$0	$0	$0	$0	$0
Investments - other	$0	$0	$0	$0	$0	$0
Land, buildings, and equipment less accumulated depreciation	$12,979,951	$12,544,289	$3,216,329	$17,201,407	$9,209,549	$0
Other assets, including program-related investments	$580,218	$569,739	$738,947	$2,470,416	$2,578,016	$1,550,743
Total liabilities	$16,403,596	$16,578,670	$36,996,853	$35,738,213	$49,028,310	$50,883,423
Accounts payable and accrued expenses	$265,005	$258,880	$855,259	$184,348	$169,675	$357,483
Grants payable	$0	$0	$0	$0	$0	$0
Deferred revenue	$6,264	$63,352	$0	$149,137	$23,700	$20,128
Loans from officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0
Tax-exempt bond liabilities	$15,725,528	$15,725,528	$35,480,362	$35,390,753	$47,777,998	$49,138,694
Mortgages and other notes payable	$0	$0	$0	$0	$0	$0
Other liabilities	$406,799	$530,910	$661,232	$13,975	$1,056,937	$1,367,118
Total liabilities and net assets/fund balances	$16,007,588	$16,106,859	$37,288,742	$36,873,269	$52,835,660	$52,558,633
Total net assets or fund balances	$-396,008	$-471,811	$291,889	$1,135,056	$3,807,350	$1,675,210

	2002	2003	2004	2005	2006	2007
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$0	$0	$2,636,981	$1,013,045	$4,453,569	$3,130,451
Total revenue, gains, and other support per audited financial statements	$0	$0	$14,879,200	$1,876,768	$24,381,318	$27,120,809
Other expenses	$0	$0	$13,225,000	$863,723	$19,927,749	$23,990,358
Net unrealized gains on investments	$0	$0	$0	$0	$0	$0
Donated services and use of facilities	$0	$0	$0	$0	$0	$0
Recoveries of prior year grants	$0	$0	$0	$0	$0	$0
Other	$0	$0	$13,225,000	$863,723	$19,927,749	$23,990,358
Other revenue	$0	$0	$982,781	$0	$0	$0
Investment expenses	$0	$0	$0	$0	$0	$0
Other	$0	$0	$982,781	$0	$0	$0

	2002	2003	2004	2005	2006	2007
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$0	$0	$1,531,007	$0	$1,643,347	$5,262,591
Total expenses and losses per audited financial statements	$0	$0	$14,115,500	$0	$21,709,024	$29,252,949
Other revenue	$0	$0	$12,584,493	$0	$20,065,677	$23,990,358
Donated services and use of facilities	$0	$0	$0	$0	$0	$0
Prior year adjustments	$0	$0	$0	$0	$0	$0
Losses	$0	$0	$342,274	$0	$0	$0
Other	$0	$0	$12,242,219	$0	$20,065,677	$23,990,358
Other expenses	$0	$0	$0	$0	$0	$0
Investment expenses	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0

Current Officers, Directors, Trustees, and Key Employees

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	3
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	No
Does the organization have a written conflict of interest policy?	No

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	No
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?	No
Did the organization make only in-house lobbying expenditures of $2,000 or less?	No
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?	No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?	No
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?	No
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?	No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?	No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?	No
Number of employees employed in the pay period that includes March 12, 2006	0

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2007)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$102,745	$3,027,706
Program service revenue
Program service revenue 1	000000	$0	00	$0	$12,857,647
Program service revenue 2	000000	$0	00	$0	$0
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$102,745	$0
Dividends and interest from securities	000000	$0	00	$0	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	00	$0	$-11,590,358
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	00	$0	$1,760,417

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
999999999	100%	$3,337,542	$38,265,926
999999999	100%	$-207,091	$14,292,706
	0%	$0	$0
	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year	$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year	$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts	$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year	$0

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is

	2001	2002	2003	2004	2005	2006
Support Schedule
Total	$0	$0	$0	$0	$0	$0
Gifts, grants, and contributions received	$0	$0	$0	$0	$0	$0
Membership fees received	$0	$0	$0	$0	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0	$0	$0	$0	$0	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$0	$0	$0	$0	$0	$0
Net income from unrelated business activities not included above	$0	$0	$0	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0	$0	$0	$0	$0
Other income	$0	$0	$0	$0	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Forty-Niner Shops Inc	6049 E 7th St, Long Beach, CA 90840-0007	CA	1955-01	$35,590,968
2	Student Association Inc	250 University Ave, California, PA 15419-1341	PA	1983-03	$18,548,549
3	West Chester University Student Services Inc, Phi Sigma Pi Alpha Epsilon	909 Union Street, Birdsboro, PA 19508	PA	1988-02	$10,750,482
4	Community Government Association Of Bloomsburg University Of Pa	Bloomsburg University, Bloomsburg, PA 17815	PA	1992-05	$9,843,630
5	Northern Arizona Capital Facilities Finance Corp	Phoenix, AZ 85012	AZ		$3,130,451
6	Technology Student Association, Group	1914 Association Drive, Reston, VA 20191-1538	VA	1980-07	$1,339,277
7	Student Publications Inc	103 Edwards Hall Kansas State Unive, Manhattan, KS 66506	KS	1947-12	$888,900
8	St Pauls Student Center Corporation	11152 Falls Rd, Brooklandvl, MD 21022-1400	MD	1990-06	$735,777
9	Educational Student Tours Inc	16850 Gresham Street, Northridge, CA 91343	CA	2003-07	$295,214
10	Veterinary Student Supply	1352 Boyd Ave Room A303 Vmc, St Paul, MN 55108-6100	MN	1983-10	$188,203
11	Vet Supply And Text Inc	300 W Drake Rd, Fort Collins, CO 80523-0001	CO	1978-03	$167,618
12	Oakland Homeschool Music Inc	PO BOX 300652, Waterford, MI 48330-0652	MI	2009-12	$129,666
13	Veterinary Educational Textbooks & Supplies Inc	1060 William Moore Dr, Raleigh, NC 27607-4065	NC	1984-04	$113,508
14	Wall Street Institute Inc	2121 K St Nw Ste 800, Washington, DC 20037-1800	DC	2000-06	$26,000
15	Drysponge	1241 E Gladstone St, Glendora, CA 91740-5326	CA	2007-01	$0
16	El Capitan Educational Foundation	49260 Chapel Hill Dr Room/Suite 201, Oakhurst, CA 93644	CA	2000-06	$0
17	Mosaic Communities	2000 Sherman Ave, Evanston, IL 60201-3216	IL	2001-08	$0
18	Safe 4 R Kids	464 Old Via Rancho Drive, Escondido, CA 92029	CA	1999-01	$0
19	Silicon Valley Italian School	27910 Roble Blanco, Los Altos Hills, CA 94022	CA	2006-05	$0
20	The Yale Herald Inc	Po Box 201653, New Haven, CT 06520	CT	1994-03	$0

Number of organizations performing similar types of work

Arizona	1
California	17
Colorado	1
Connecticut	1
District of Columbia	1
Georgia	1
Illinois	2
Indiana	1
Kansas	2
Louisiana	1
Massachusetts	1

Maryland	2
Michigan	2
Minnesota	1
North Carolina	1
Nebraska	1
New Jersey	1
New York	1
Oklahoma	1
Pennsylvania	3
Texas	1
Virginia	1

Total

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