Americas Scholarship Konnection Inc
- Assets
- $4.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Phoenix, AZ
- Founding
- 05/2016
- Data as of
- 12/2022
- EIN
- 81-1220819
Organization Overview
Americas Scholarship Konnection Inc is located in Phoenix, AZ. The organization was established in 2016. 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 12/2022, Americas Scholarship Konnection Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Americas Scholarship Konnection 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 12/2022, Americas Scholarship Konnection Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. 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
THE ORGANIZATION SEEKS DONATIONS FOR USE AS TUITION SCHOLARSHIPS THAT ENABLE STUDENTS TO ATTEND PRIVATE SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT TUITION SCHOLARSHIPS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph Luksza President | OfficerTrustee | 40 | $0 |
Matthew Bidak Director | Trustee | 0 | $0 |
Amy Luksza Treasurer | OfficerTrustee | 0 | $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 | $1,148,482 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,148,482 |
| Total Program Service Revenue | $0 |
| Investment income | $17,050 |
| 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 | $1,165,532 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $462,119 |
| 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 | $72,031 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,788 |
| Fees for services: Management | $46,051 |
| Fees for services: Legal | $1,159 |
| Fees for services: Accounting | $24,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $44,926 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $132,882 |
| Advertising and promotion | $28,927 |
| Office expenses | $37,160 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,189 |
| Travel | $30,783 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,061 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,928 |
| Insurance | $2,200 |
| All other expenses | $0 |
| Total functional expenses | $1,047,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $938,267 |
| Savings and temporary cash investments | $2,588 |
| 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 | $106,144 |
| Investments—publicly traded securities | $2,219,956 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,134,715 |
| Total assets | $4,401,670 |
| Accounts payable and accrued expenses | -$2,000 |
| 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 | $1,023,157 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $61,600 |
| Total liabilities | $1,082,757 |
| Net assets without donor restrictions | $3,318,913 |
| 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 | $4,401,670 |