Financial Aid Report

In compliance with the Arizona Revised statue A.R.S. 43-1603, all STOs (school tuition organization) must report the amount and percentage of scholarships awarded to students with household incomes at 185% and 342.25% of the poverty level for the previous year.

Since our founding 6 years ago, STO4KIDZ has awarded $4,662,818 in scholarships to 3,578 students, helping Arizona families with tuition aid.

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2023/24 School Year Scholarship Award Report:

"Original" Tuition Tax Credit Scholarships:

  • 13.55% ($62,987.80) scholarships were awarded to students with family income up to 185% of the poverty level.
  • 19.23% ($89,395.00) scholarships were awarded to students with a family income of 185% to 342.25% of the poverty level.

 

"Switcher/ Overflow" Tuition Tax Credit Scholarships:

  • 15.55% ($50,897.00) scholarships were awarded to students with family income up to 185% of the poverty level.
  • 15.56% ($50,523.00) 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:

  • 44.47% ($196,752.53) of scholarships were awarded to students with family income up to 185% of the poverty level.
  • 55.53% ($245,668.58) 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:

  • 100% ($13,500.00) of scholarships were awarded to students with family income up to 185% of the poverty level.
  • 0.00% of 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.