Arizona School Choice Administration Corporation
- Assets
- $22.4k
- Revenue
- $304.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Chandler, AZ
- Founding
- 04/2001
- Data as of
- 06/2022
- EIN
- 86-0904675
Organization Overview
Arizona School Choice Administration Corporation is located in Chandler, AZ. The organization was established in 2001. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Arizona School Choice Administration Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arizona School Choice Administration Corporation 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 School Choice Administration Corporation generated $304.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $706.9k during the year ending 06/2022. 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 CORPORATION PERFORMS ADMINISTRATIVE DUTIES FOR THE ARIZONA SCHOOL CHOICE TRUST, INC., AN IRC SEC 501(C)(3) ORGANIZATION WITH EIN 86-0712553
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION PERFORMS ADMINISTRATIVE DUTIES FOR THE ARIZONA SCHOOL CHOICE TRUST, INC., AN IRC SEC 501(C)(3) ORGANIZATION WITH EIN 86-0712553.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Graham Chairman | Officer | 3 | $120,000 |
Julia Graham Board Member | Trustee | 1 | $0 |
Alex Kolodin Board Member | Trustee | 1 | $0 |
Neland Nobel Board Member | Trustee | 1 | $0 |
Tom Jenney Treasurer | Officer | 3 | $0 |
Elizabeth H Dreckman Exec Dir/ Brd Mem | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $303,253 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $304,253 |
| Total Program Service Revenue | $0 |
| Investment income | $17 |
| 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 | $304,270 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $361,494 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,899 |
| Payroll taxes | $27,900 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,092 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,211 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,371 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,492 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,136 |
| All other expenses | $0 |
| Total functional expenses | $706,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,697 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,749 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,446 |
| Accounts payable and accrued expenses | $39,736 |
| 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 | $1,911,233 |
| Total liabilities | $1,950,969 |
| Net assets without donor restrictions | -$1,946,023 |
| Net assets with donor restrictions | $17,500 |
| 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 | $22,446 |