SCHOLARSHIP REPORTS

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 meets 185% and 342.25% of poverty level in the previous fiscal year for each type of scholarship.

 

2020/21 School Year Scholarship Award Report:

 

"Original" Tuition Tax Credit Scholarships Awarded in 2020/21:

  • 6.97% ($22,476.63) scholarships were awarded to students with family income up to 185% of the poverty level
  • 19.76% ($63,702.79) 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 2020/21:

  • 4.48% ($9,269.30) scholarships were awarded to students with family income up to 185% of the poverty level
  • 26% ($53,772.22) 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 2020/21:

  • 48.91% ($136,880.87) scholarships were awarded to students with family income up to 185% of the poverty level
  • 51.09% ($142,983.36) scholarships were awarded to students with a family income of 185% to 342.25% of the poverty level

 

"Corporate Disabled/ Displaced " Tuition Tax Credit Scholarships Awarded in 2020/21:

  • 0% ($37,800.00) scholarships were awarded to students with family income up to 185% and/or 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.