FINANCIAL REPORT

In compliance with the Arizona Revised Statute A.R.S. 43-1603, all School Tuition Organizations (STOs) are required to publish the dollar amount and percentage of scholarships awarded to students whose household income cap falls into one of two categories: Below 185% of the poverty level, and/or between 185% and 342.25% of the poverty level.

Scholarship Award History

  • In April 2018 STO4KIDZ was launched
  • In the 2017/18 School Year  -  $19,610 scholarships were awarded
  • In the 2018/19 School Year -  $406,248 scholarships were awarded
  • In the 2019/20 School Year -  $524,705 scholarships were awarded

2019/20 SCHOOL YEAR SCHOLARSHIP AWARD REPORTS:

 

"Original" Tuition Tax Credit Scholarships Awarded in 2019/20:

  • 07% ($23,448.49) scholarships were awarded to students with family income up to 185% of the poverty level
  • 43% ($37,378.41) scholarships were awarded to students with a family income of 185% to 342.25% of the poverty level

 

"Switcher/ Overflow" Tuition Tax Credit Scholarships Awarded in 2019/20:

  • 30% ($16,612.16) scholarships were awarded to students with family income up to 185% of the poverty level
  • 38% ($18,736.41)scholarships were awarded to students with a family income of 185% to 342.25% of the poverty level

 

"Corporate Low-Income" Tuition Tax Credit Scholarships Awarded in 2019/20:

  • 86% ($132,815.41) scholarships were awarded to students with family income up to 185% of the poverty level
  • 14% ($123,293.52) scholarships were awarded to students with a family income of 185% to 342.25% of the poverty level

 

Audited Financials

Arizona Revised Statute A.R.S. 43-1603 Subsection A requires every certified STO which receives over one million dollars in donations to complete a financial audit conducted by an independent CPA.

Form 990 is available by email request.