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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 poverty level, and/or between 185% and 342.25% of poverty level.

Fiscal Year 2018-19

Students with family income up to 185% of poverty level

Original Tuition Tax Credit Scholarship Program:

% of total fiscal year scholarships awarded to these students: 32.97%

Amount awarded to these students during fiscal year 18-19: $46,698.28

 

Switcher/ Overflow Tuition Tax Credit Scholarship Program:

% of total fiscal year scholarships awarded to these students: 18.12%

Amount awarded to these students during fiscal year 18-19: $12,866.10

 

Corporate Low-Income Tuition Tax Credit Scholarship Program:

% of total fiscal year scholarships awarded to these students: 60.63%

Amount awarded to these students during fiscal year 18-19: $117,375.03

 

Disabled Displaced Tuition Tax Credit Scholarship Program:

% of total fiscal year scholarships awarded to these students: 0%

Amount awarded to these students during fiscal year 18-19: $0.00

 

Students with family income of 185% – 342.25% of poverty level

Original Tuition Tax Credit Scholarship Program:

% of total fiscal year scholarships awarded to these students: 21.52%

Amount awarded to these students during fiscal year 18-19: $30,480.67

 

Switcher/ Overflow Tuition Tax Credit Scholarship Program:

% of total fiscal year scholarships awarded to these students: 18.55%

Amount awarded to these students during fiscal year 18-19: $13,165.93

 

Corporate Low-Income Tuition Tax Credit Scholarship Program:

% of total fiscal year scholarships awarded to these students: 39.37%

Amount awarded to these students during fiscal year 18-19: $76,225.21

 

Disabled Displaced Tuition Tax Credit Scholarship Program:

% of total fiscal year scholarships awarded to these students: 0%

Amount awarded to these students during fiscal year 18-19: $0.00

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 will be available for review in FY 2018-19

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