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 2019-20

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: 14.07%

Amount awarded to these students during fiscal year 2019/20: $23,448.49

 

Switcher/ Overflow Tuition Tax Credit Scholarship Program:

% of total fiscal year scholarships awarded to these students: 16.30%

Amount awarded to these students during fiscal year 2019/20: $16,612.16

 

Corporate Low-Income Tuition Tax Credit Scholarship Program:

% of total fiscal year scholarships awarded to these students: 51.86%

Amount awarded to these students during fiscal year 2019/20: $132,815.41

 

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 2019/20: $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: 22.43%

Amount awarded to these students during fiscal year 2019/20: $37,378.41

 

Switcher/ Overflow Tuition Tax Credit Scholarship Program:

% of total fiscal year scholarships awarded to these students: 18.38%

Amount awarded to these students during fiscal year 2019/20: $18,736.41

 

Corporate Low-Income Tuition Tax Credit Scholarship Program:

% of total fiscal year scholarships awarded to these students: 48.14%

Amount awarded to these students during fiscal year 2019/20: $123,293.52

 

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 2019/20: $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 is available by email request.