School Choice Arizona Inc
- Assets
- $10.9m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 3
- Location
- Chandler, AZ
- Founding
- 05/2007
- Data as of
- 06/2022
- EIN
- 20-4879504
Organization Overview
School Choice Arizona Inc is located in Chandler, AZ. The organization was established in 2007. 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, School Choice Arizona Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. School Choice Arizona 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, School Choice Arizona Inc generated $8.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $8.1m during the year ending 06/2022. While expenses have increased by 17.8% per year over the past 6 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
TO PROVIDE SCHOLARSHIPS FOR STUDENTS ATTENDING PRIVATE SCHOOLS IN ARIZONA PURSUANT TO ARS 43-1183 AND ARS 43-1089.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCA AWARDED GRANT/SCHOLARSHIPS TO OVER 800 STUDENTS DURING THE TAX YEAR ENDED 6/30/22 PURSUANT TO ARS 43-1183, THE ARIZONA CORPORATE INCOME TAX TUITION CREDIT LAW. IT EXISTS SOLEY TO IMPLEMENT THIS LAW TO ASSIST STUDENTS ATTENDING THE SCHOOL OF THEIR PARENT'S CHOICE.
SCA AWARDED GRANT/SCHOLARSHIPS TO OVER 500 STUDENTS DURING THE TAX YEAR ENDED 6/30/22 PURSUANT TO ARS 43-1089, THE ARIZONA PRIVATE SCHOOL TUITION TAX CREDIT LAW. IT EXISTS SOLELY TO IMPLEMENT THIS LAW TO ASSIST STUDENTS ATTENDING THE SCHOOL OF THEIR PARENT'S CHOICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Hawkinson Board Vice P | OfficerTrustee | 1 | $0 |
Maryellen Hawkinson Secretary/tr | OfficerTrustee | 1 | $0 |
Fred Meyers Board Member | Trustee | 1 | $0 |
Scott Yarbrough Board Presid | OfficerTrustee | 5 | $0 |
Marlin Broek Board Member | 1 | $0 | |
Don John Board Member | 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 | $8,405,758 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,405,758 |
| Total Program Service Revenue | $0 |
| Investment income | $33,437 |
| 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 | $8,382,303 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,276,548 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,538 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $73,350 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,811 |
| Advertising and promotion | $0 |
| Office expenses | $31,657 |
| Information technology | $38,270 |
| Royalties | $0 |
| Occupancy | $21,542 |
| Travel | $7,197 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,542 |
| Insurance | $1,656 |
| All other expenses | $0 |
| Total functional expenses | $8,115,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,325,933 |
| Savings and temporary cash investments | $332,936 |
| 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 | $1,285 |
| Investments—publicly traded securities | $221,760 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,881,914 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $10,881,914 |
| 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 | $10,881,914 |