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

Over the last 5 years, since the inception of STO4KIDZ aimed at assisting Arizona families with tuition aid, we've granted $3,414,710 in scholarships to 3,089 students

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2022/23 School Year Scholarship Award Report:

"Original" Tuition Tax Credit Scholarships:

  • 5.57% ($14,041.00) scholarships were awarded to students with family income up to 185% of the poverty level
  • 28.61% ($72,184.51) scholarships were awarded to students with a family income of 185% to 342.25% of the poverty level

 

"Switcher/ Overflow" Tuition Tax Credit Scholarships:

  • 4.60% ($7,330.00) scholarships were awarded to students with family income up to 185% of the poverty level
  • 21.03% ($33,500.00) 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:

  • 39.64% ($195,393.88) of scholarships were awarded to students with family income up to 185% of the poverty level
  • 60.36% ($297,574.85) 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:

  • 0% 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.