Arizona Christian School Tuition Organization Inc
- Assets
- $15.4m
- Revenue
- $23.7m
- Investments
- $0.0
- Employees
- 4
- Location
- Chandler, AZ
- Founding
- 03/1999
- Data as of
- 06/2020
- EIN
- 86-0931047
Organization Overview
Arizona Christian School Tuition Organization Inc is located in Chandler, AZ. The organization was established in 1999. 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 06/2020, Arizona Christian School Tuition Organization Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arizona Christian School Tuition Organization 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 06/2020, Arizona Christian School Tuition Organization Inc generated $23.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $24.2m during the year ending 06/2020. While expenses have increased by 6.6% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION'S MISSION IS TO GRANT TUITION SCHOLARSHIP AWARDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION AWARDED GRANTS/SCHOLARSHIPS TO STUDENTS DURING PERIOD ENDING JUNE 30, 2020. SINCE INCEPTION IN 1998 THE ORGANZATION HAS AWARDED GRANTS/SCHOLARSHIPS TOTALLING OVER 176,000,000 TO OVER 40,000 DIFFERENT STUDENTS PURSUANT TO ARS 43-1089, THE ARIZONA PRIVATE SCHOOL TUITION TAX CREDIT LAW. THE GRANT AMOUNT LISTED IS A NET AMOUNT FOR THE FISCAL YEAR INCLUDING SCHOLARSHIPS AWARDED, UNUSED SCHOLARSHIPS RETURNED, AND MULTI- YEAR SCHOLARSHIPS RETAINED BY THE ORGANIZATION TO FORWARD TO THE STUDENT'S SCHOOL WHEN TUITION COMES DUE.
ORGANIZATION AWARDED GRANT/SCHOLARSHIPS TO OVER 4,300 STUDENTS DURING PERIOD ENDING JUNE 30, 2020 PURSUANT TO THE OVERFLOW/PLUS (SWITCHER) TUITION TAX CREDIT LAW, A.R.S. 43-1089.03 THAT WAS ENACTED IN 2012. THE GRANT AMOUNT LISTED IS A NET AMOUNT OF THE FISCAL YEAR INCLUDING SCHOLARSHIPS AWARDED, UNUSED SCHOLARSHIPS RETURNED, AND MULTI-YEAR SCHOLARSHIPS RETAINED BY THE ORGANIZATION TO FORWARD TO THE STUDENT'S SCHOOL WHEN TUITION COMES DUE.
THE ORGANIZATION RECEIVED 484,244 IN UNSOLICITED DONATIONS PRIMARILY THROUGH MATCHING GIFT PROGRAMS AND FROM DONATIONS IN EXCESS OF THE AMOUNT ALLOWABLE UNDER TUITION TAX CREDIT LAWS A.R.S. 43-1089 AND A.R.S. 43-1089.03. THESE DONATIONS DO NOT QUALIFY FOR AN ARIZONA STATE INCOME TAX CREDIT. THE ORGANIZATION ADDED THESE FUNDS TO THOSE USED IN 4A ABOVE TO AWARD SCHOLARSHIPS PURSUANT TO A.R.S. 43-1089.
ORGANIZATION AWARDED GRANTS/SCHOLARSHIPS TO STUDENTS DURING PERIOD ENDING JUNE 30, 2020. SINCE INCEPTION IN 1998 THE ORGANZATION HAS AWARDED GRANTS/SCHOLARSHIPS TOTALLING OVER 176,000,000 TO OVER 40,000 DIFFERENT STUDENTS PURSUANT TO ARS 43-1089, THE ARIZONA PRIVATE SCHOOL TUITION TAX CREDIT LAW. THE GRANT AMOUNT LISTED IS A NET AMOUNT FOR THE FISCAL YEAR INCLUDING SCHOLARSHIPS AWARDED, UNUSED SCHOLARSHIPS RETURNED, AND MULTI- YEAR SCHOLARSHIPS RETAINED BY THE ORGANIZATION TO FORWARD TO THE STUDENT'S SCHOOL WHEN TUITION COMES DUE.
ORGANIZATION AWARDED GRANT/SCHOLARSHIPS TO OVER 4,300 STUDENTS DURING PERIOD ENDING JUNE 30, 2020 PURSUANT TO THE OVERFLOW/PLUS (SWITCHER) TUITION TAX CREDIT LAW, A.R.S. 43-1089.03 THAT WAS ENACTED IN 2012. THE GRANT AMOUNT LISTED IS A NET AMOUNT OF THE FISCAL YEAR INCLUDING SCHOLARSHIPS AWARDED, UNUSED SCHOLARSHIPS RETURNED, AND MULTI-YEAR SCHOLARSHIPS RETAINED BY THE ORGANIZATION TO FORWARD TO THE STUDENT'S SCHOOL WHEN TUITION COMES DUE.
THE ORGANIZATION RECEIVED 484,244 IN UNSOLICITED DONATIONS PRIMARILY THROUGH MATCHING GIFT PROGRAMS AND FROM DONATIONS IN EXCESS OF THE AMOUNT ALLOWABLE UNDER TUITION TAX CREDIT LAWS A.R.S. 43-1089 AND A.R.S. 43-1089.03. THESE DONATIONS DO NOT QUALIFY FOR AN ARIZONA STATE INCOME TAX CREDIT. THE ORGANIZATION ADDED THESE FUNDS TO THOSE USED IN 4A ABOVE TO AWARD SCHOLARSHIPS PURSUANT TO A.R.S. 43-1089.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven B Yarbrough Executive Di | Trustee | 40 | $125,144 |
Barb Barnes Director | OfficerTrustee | 1 | $0 |
Barry Barnes Director | OfficerTrustee | 1 | $0 |
Scott R Saunders Vice Preside | OfficerTrustee | 1 | $0 |
Barbara J Saunders Secretary/tr | OfficerTrustee | 1 | $0 |
Scott Yarbrough President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,658,342 |
| Investment income | $34,165 |
| 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 | $23,692,507 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $22,078,109 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,145 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $215,626 |
| 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 | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $806,527 |
| Advertising and promotion | $46,224 |
| Office expenses | $264,071 |
| Information technology | $104,052 |
| Royalties | $0 |
| Occupancy | $48,465 |
| Travel | $24,251 |
| 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 | $15,979 |
| Insurance | $4,615 |
| All other expenses | $0 |
| Total functional expenses | $24,220,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $828,722 |
| Savings and temporary cash investments | $13,485,614 |
| 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 |
| Investments—publicly traded securities | $975,057 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,419,007 |
| 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 | $65,000 |
| Total liabilities | $65,000 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $15,354,007 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Arizona Christian School Tuition Organization Inc has recieved totaling $349,444.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $171,294 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $64,979 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $64,979 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $9,035 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $7,789 |
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: General Support | $5,439 |
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 |