Arizona Tuition Connection Inc
- Assets
- $37.1m
- Revenue
- $31.7m
- Investments
- $0.0
- Employees
- 18
- Location
- Scottsdale, AZ
- Founding
- 12/2013
- Data as of
- 06/2021
- EIN
- 46-1879761
Organization Overview
Arizona Tuition Connection Inc is located in Scottsdale, AZ. The organization was established in 2013. 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 06/2021, Arizona Tuition Connection Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arizona Tuition Connection 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 06/2021, Arizona Tuition Connection Inc generated $31.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $22.5m during the year ending 06/2021. While expenses have increased by 26.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ARIZONA TUITION CONNECTION, INC. SERVES FAMILIES BY PROVIDING THEM OPPORTUNITIES TO CONNECT THEM TO SCHOLARSHIP FUNDS MADE AVAILABLE FROM BOTH PRIVATE AND CORPORATE TAX CREDIT DONATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARIZONA TUTION CONNECTION, INC. WAS ABLE TO GRANT 5,662 SCHOLARSHIPS TO 174 SCHOOLS. THERE HAS BEEN 9 YEARS OF CONTINUED GROWTH IN SCHOLARSHIPS AWARDED TO HELP STUDENTS ATTEND A SCHOOL THAT IS RIGHT FOR THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Kuhn President | OfficerTrustee | 80 | $185,000 |
Anne Marie Drew Director Of Operations | 66 | $140,769 | |
Kevin Sullivan Secretary | OfficerTrustee | 1 | $0 |
Bo Hughes Director | Trustee | 1 | $0 |
Kristen Kruger Director | Trustee | 1 | $0 |
Mark Vie Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $94,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,487,681 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,582,081 |
| Total Program Service Revenue | $0 |
| Investment income | $117,588 |
| 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 | $31,699,669 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $255,705 |
| Grants and other assistance to domestic individuals. | $20,252,688 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $356,207 |
| Compensation of current officers, directors, key employees. | $138,382 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $554,552 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,392 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,982 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,772 |
| Advertising and promotion | $85,519 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,971 |
| Travel | $12,608 |
| 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 | $32,061 |
| Insurance | $203,238 |
| All other expenses | $0 |
| Total functional expenses | $22,450,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,150,880 |
| Savings and temporary cash investments | $30,742,579 |
| 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 | $104,235 |
| Net Land, buildings, and equipment | $79,267 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,522 |
| Total assets | $37,104,483 |
| Accounts payable and accrued expenses | $45,142 |
| 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 | $45,142 |
| Net assets without donor restrictions | $6,316,762 |
| Net assets with donor restrictions | $30,742,579 |
| 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 | $37,104,483 |
Grants Awarded
Over the last fiscal year, Arizona Tuition Connection Inc has awarded $193,205 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Goodyear, AZ PURPOSE: SCHOLARSHIP AWARDS | $100,000 |
Tucson, AZ PURPOSE: SCHOLARSHIP AWARDS | $80,000 |
Scottsdale, AZ PURPOSE: SCHOLARSHIP AWARDS | $13,205 |
Grants Recieved
Over the last fiscal year, we have identified 28 grants that Arizona Tuition Connection Inc has recieved totaling $418,670.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $280,475 |
Arizona Community Foundation Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $45,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $11,895 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $10,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $9,656 |
Quiet Angel Foundation Reston, VA PURPOSE: GENERAL SUPPORT | $8,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Alliance For Choice In Education Greenwood Village, CO | $60,249,872 | $34,038,450 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
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 |