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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Arizona Capital Source

Arizona Capital Source

Fiscal year ending 2023. Filed on August 14, 2024.

5049 E Broadway Blvd 156
5000
Tucson, Arizona 85711

Arizona Capital Source (EIN: 86-0403989) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, Arizona Capital Source, a 501(c)(4) civic league or social welfare organization, reported compensation for 9 out of 23 total employees. Among the employees shown here, the average compensation is $186,317. The highest compensated employee at Arizona Capital Source is Gary Molenda with fiscal year 2023 compensation of $347,667. Arizona Capital Source changed its name from Business Development Finance Corporation in 2022.

Revenue, expenses, and employee compensation

Revenue

$4,460,265

Expenses

$4,455,308

Employee compensation

$2,492,741
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Gary Molenda
President
$347,667
$298,885 No related comp$48,782
Gabriel Gomez
BUS DEV Officer
$230,017
$201,267 No related comp$28,750
Elizabeth Marie Gamble
Former Vice President and Portfol
$188,649
$158,551 No related comp$30,098
Ashley Herko-Mapes
Vice President Relationship MGR
$177,606
$160,938 No related comp$16,668
Lori Simmons
Vice President Relationship MGR
$174,554
$156,531 No related comp$18,023
Brent Smith
Vice President and Credit MGR
$156,509
$122,538 No related comp$33,971
Jonathan Temple
Former Vice President Relationship MGR
$135,973
$115,032 No related comp$20,941
Jennifer Rogers
Vice President and Closing MGR
$134,034
$122,099 No related comp$11,935
David Stake
SR LOAN Officer
$131,840
$122,709 No related comp$9,131

Benchmark Employee Compensation

Non-Employee Board Members

Sean Murray
Secretary
$1,250
$1,250 No related compNo other comp
John Moothart
Director
$1,250
$1,250 No related compNo other comp
Judy Scalise
Director
$1,100
$1,100 No related compNo other comp
Evelyn Casuga
Director
$1,100
$1,100 No related compNo other comp
David Welsh
Director
$1,100
$1,100 No related compNo other comp
Michael S Hammond
Chair
$950
$950 No related compNo other comp
Gilbert Davidson
Director
$950
$950 No related compNo other comp
Kendall Bert
Director
$950
$950 No related compNo other comp
Benjamin Danner
Vice Chair
No compensation reported
Michael Wetnight
Director
No compensation reported
Nick Hudec
Director
No compensation reported
Laurie Sandau
Director
No compensation reported

Contractors

Prudent Lenders LLC
Loan Processing Underwriting Closing
$142,464

Mission Statement

PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF THE ARIZONA ECONOMY.

Revisions to this organization profile

August 13, 2025:
2024 Arizona Capital Source 990 filed
August 14, 2024:
2023 Arizona Capital Source 990 filed
August 11, 2023:
2022 Arizona Capital Source 990 filed

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