Academic Opportunity Of Arizona
- Assets
- $2.9m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 3
- Location
- Phoenix, AZ
- Founding
- 07/2014
- Data as of
- 06/2021
- EIN
- 46-4341333
Organization Overview
Academic Opportunity Of Arizona is located in Phoenix, AZ. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Academic Opportunity Of Arizona employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academic Opportunity Of Arizona 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, Academic Opportunity Of Arizona generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 55.0% each year . All expenses for the organization totaled $2.1m during the year ending 06/2021. 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
SPECIALIZE IN PROVIDING SCHOLARSHIPS SUPPORT FOR K-12TH GRADE CHILDREN LIVING WITH DISABILITIES LOW-INCOME HARDSHIPS. OUR 360 DEGREE APPROACH PROVIDES OPPORTUNITIES EXPERIENCES BOTH INSIDE OUT OF THE CLASSROOM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC OPPORTUNITY OF ARIZONA IS A STUDENT TUITION ORGANIZATION. AS A LOCAL 501C3 NON-PROFIT, WE SPECIALIZE IN PROVIDING SCHOLARSHIPS AND SUPPORT FOR K-12TH GRADE CHILDREN LIVING WITH DISABILITIES AND LOW-INCOME HARDSHIPS. OUR 360 DEGREE APPROACH PROVIDES OPPORTUNITIES AND EXPERIENCES BOTH INSIDE AND OUT OF THE CLASSROOM. WERE PROUD TO SAY THAT OUR SUPPORT HAS CONTINUED TO GROW AND WE ISSUED 1,882,271 IN SCHOLARSHIPS DURING THE FISCAL YEAR TO OVER 300 STUDENTS LIVING WITH DISABILITIES AND/OR INCOME HARDSHIPS.
ACADEMIC OPPORTUNITY OF ARIZONA IS A STUDENT TUITION ORGANIZATION. AS A LOCAL 501C3 NON-PROFIT, WE SPECIALIZE IN PROVIDING SCHOLARSHIPS AND SUPPORT FOR K-12TH GRADE CHILDREN LIVING WITH DISABILITIES AND LOW-INCOME HARDSHIPS. OUR 360 DEGREE APPROACH PROVIDES OPPORTUNITIES AND EXPERIENCES BOTH INSIDE AND OUT OF THE CLASSROOM. WERE PROUD TO SAY THAT OUR SUPPORT HAS CONTINUED TO GROW AND WE ISSUED 1,882,271 IN SCHOLARSHIPS DURING THE FISCAL YEAR TO OVER 300 STUDENTS LIVING WITH DISABILITIES AND/OR INCOME HARDSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad E Bays Ceo/treasurer | OfficerTrustee | 40 | $95,458 |
David S Harkey Secretary Thru 12/2020 | OfficerTrustee | 1 | $0 |
Robert J Smith President | OfficerTrustee | 1 | $0 |
Teresa Struck Secretary Started 1/2021 | OfficerTrustee | 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 | $3,545,468 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,545,468 |
| Total Program Service Revenue | $0 |
| Investment income | $14,456 |
| 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 | $3,559,924 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,955 |
| Grants and other assistance to domestic individuals. | $1,882,271 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $157,700 |
| Compensation of current officers, directors, key employees. | $39,425 |
| Compensation to disqualified persons | $12,064 |
| Other salaries and wages | $0 |
| 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 | $15,504 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $8,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $675 |
| Advertising and promotion | $1,508 |
| Office expenses | $8,484 |
| Information technology | $25,522 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $97 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $122 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,075 |
| Insurance | $1,858 |
| All other expenses | $0 |
| Total functional expenses | $2,130,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $936,130 |
| Savings and temporary cash investments | $2,000,000 |
| 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 | $2,431 |
| Net Land, buildings, and equipment | $6,868 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,945,429 |
| 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 | $4,985 |
| Total liabilities | $4,985 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $2,940,444 |
| 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 | $2,945,429 |
Grants Awarded
Over the last fiscal year, Academic Opportunity Of Arizona has awarded $31,910 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Goodyear, AZ PURPOSE: Program support | $10,000 |
Goodyear, AZ PURPOSE: Program support | $10,000 |
Phoenix, AZ PURPOSE: Program support | $5,000 |
Phoenix, AZ PURPOSE: Program support | $5,000 |
OTHER UNDER THRESHOLD PURPOSE: Program support | $955 |
OTHER UNDER THRESHOLD PURPOSE: Program support | $955 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Duffield Family Foundation Pleasanton, CA | $258,368,317 | $20,065,038 |
American Indian Model Schools Oakland, CA | $18,645,472 | $19,971,757 |
Partnership For Los Angeles Schools Los Angeles, CA | $63,718,377 | $31,128,437 |
Hamburger Home Los Angeles, CA | $14,127,988 | $18,500,267 |
Arizona Agribusiness & Equine Center Phoenix, AZ | $41,363,992 | $18,352,142 |
Summit Public Schools Washington Redwood City, CA | $14,247,719 | $16,987,121 |
All For Health Health For All Inc Glendale, CA | $29,884,317 | $23,523,677 |
Northwest Christian School Phoenix, AZ | $14,587,608 | $15,711,697 |
Fit Kids Inc Scottsdale, AZ | $27,357,951 | $13,904,484 |
Oxford Preparatory Academy Aliso Viejo, CA | $8,703,539 | $15,190,265 |
Center For Academic Success Sierra Vista, AZ | $18,278,347 | $12,993,576 |
Denver Scholarship Foundation Denver, CO | $33,817,323 | $13,999,484 |