Financial Report

In compliance with the Arizona Revised Statute A.R.S. 43-1603, all School Tuition Organizations (STOs) are required to publish the dollar amount and percentage of scholarships awarded to students whose household income cap falls into one of two categories: Below 185% of poverty level, and/or between 185% and 342.25% of poverty level.

Fiscal Year 2017-2018   

Students with family income up to 185% of poverty level

Original Tuition Tax Credit Scholarship Program

% of total fiscal year scholarships awarded to these students: 3.58%

Amount awarded to these students during fiscal year 17-18: $450

Switcher/ Overflow Tuition Tax Credit Scholarship Program

% of total fiscal year scholarships awarded to these students: 0.00%

Amount awarded to these students during fiscal year 17-18: $0.00

Corporate Low-Income Tuition Tax Credit Scholarship Program

% of total fiscal year scholarships awarded to these students: 0%

Amount awarded to these students during fiscal year 17-18: $0.00

Disabled Displaced Tuition Tax Credit Scholarship Program

% of total fiscal year scholarships awarded to these students: 0%

Amount awarded to these students during fiscal year 17-18: $0.00

Students with family income of 185%–342.25% of poverty level

Original Tuition Tax Credit Scholarship Program:

% of total fiscal year scholarships awarded to these students: 27.75%

Amount awarded to these students during fiscal year 17-18: $3,493

Switcher/ Overflow Tuition Tax Credit Scholarship Program

% of total fiscal year scholarships awarded to these students: 13.91%

Amount awarded to these students during fiscal year 17-18: $977

Corporate Low-Income Tuition Tax Credit Scholarship Program

% of total fiscal year scholarships awarded to these students: 0%

Amount awarded to these students during fiscal year 17-18: $0.00

Disabled Displaced Tuition Tax Credit Scholarship Program

% of total fiscal year scholarships awarded to these students: 0%

Amount awarded to these students during fiscal year 17-18: $0.00

Audited Financials

Arizona Revised Statute A.R.S. 43-1603Subsection A requires every certified STO which receives over one million dollars in donations to complete a financial audit conducted by an independent CPA.

Form 990 will be available for review in FY 2018-19