Arizona Tuition Organization Inc
- Assets
- $2.3m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 4
- Location
- Prescott, AZ
- Founding
- 03/2004
- Data as of
- 06/2022
- EIN
- 20-0575040
Organization Overview
Arizona Tuition Organization Inc is located in Prescott, AZ. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Arizona Tuition Organization Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arizona Tuition Organization Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Arizona Tuition Organization Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $3.7m during the year ending 06/2022. While expenses have increased by 6.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ARIZONA TUITION ORGANIZATION, INC. (AZTO) WAS ESTABLISHED TO FACILITATE THE ARIZONA PRIVATE SCHOOL TUITION TAX CREDIT. AZTO ACCEPTS CONTRIBUTIONS FROM ARIZONA INCOME TAX PAYERS FOR THE BENEFIT OF CHILDREN ATTENDING PARTICIPATING SCHOOLS. DONORS MAY THEN BE ELIGIBLE TO CLAIM A TAX CREDIT THAT REDUCES, DOLLAR FOR DOLLAR, ANY INCOME TAX OWED TO THE STATE OF ARIZONA. AZTO IS A SCHOOL TUITION ORGANIZATION THAT FOCUSES ON ONLY A FEW PRIVATE SCHOOLS, TO PROVIDE QUALITY PERSONAL SERVICE TO PARTNERING SCHOOLS, STUDENTS, AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AZTO AWARDED TUITION GRANTS & SCHOLARSHIPS TO 1,320 STUDENTS AT ARIZONA K-12 PRIVATE SCHOOLS VIA THE ARIZONA PRIVATE SCHOOL TUITION TAX CREDIT. IN ADDITION TO THE AWARDS DURING THE YEAR ENDED JUNE 30, 2022, THE ORGANIZATION AWARDED SCHOLARSHIPS TOTALING $1,317,898 DURING THE SUBSEQUENT MONTHS ENDING OCTOBER 31, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lara Roehr Executive Director | Officer | 40 | $87,231 |
Brett Roehr President | OfficerTrustee | 30 | $28,750 |
Thomas Hartzler Secretary/treasurer (until 3-2022) | OfficerTrustee | 1 | $0 |
Matthew Davidson Vice Chair | OfficerTrustee | 1 | $0 |
Michael Trueblood Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,809,730 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,809,730 |
| Total Program Service Revenue | $0 |
| Investment income | $1,156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,810,886 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,438,675 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $127,551 |
| Compensation of current officers, directors, key employees. | $41,883 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,284 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,310 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,186 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,300 |
| Office expenses | $29,969 |
| Information technology | $21,805 |
| Royalties | $0 |
| Occupancy | $5,089 |
| Travel | $4,142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $754 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,581 |
| Insurance | $2,757 |
| All other expenses | $49,030 |
| Total functional expenses | $3,730,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,757,047 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,023 |
| Investments—publicly traded securities | $588,866 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,349,936 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,399 |
| Total liabilities | $3,399 |
| Net assets without donor restrictions | $2,346,537 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,349,936 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Arizona Tuition Organization Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: PROGRAM/OPERATING SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |
Uc Hastings Foundation San Francisco, CA | $2,612,244 | $11,589,695 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
La Promise Fund Los Angeles, CA | $8,970,074 | $12,859,195 |
Brophy Community Foundation Phoenix, AZ | $21,931,888 | $12,402,402 |
Society Of Hispanic Professional Engineers City Of Industry, CA | $8,652,087 | $11,894,639 |
J F Maddox Foundation Hobbs, NM | $240,372,497 | $15,567,055 |
Oakland Promise Oakland, CA | $69,217,814 | $17,084,213 |