Arizona Christian School Tuition Organization Inc

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.

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)Compensation
Steven B Yarbrough
Executive Di
$125,144
Barb Barnes
Director
$0
Barry Barnes
Director
$0
Scott R Saunders
Vice Preside
$0
Barbara J Saunders
Secretary/tr
$0
Scott Yarbrough
President
$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

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 OrganizationAmount
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
View Grant Recipient Profile

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