Overview
What is Arizona Education Scholarship Foundation Inc?
Arizona Education Scholarship Foundation Inc is a nonprofit organization situated in Tempe, Arizona, with a focus on providing educational scholarships for students aiming to attend private K-12 schools. The foundation fulfills this mission by offering training and guidance to parents seeking financial assistance, evaluating applicant eligibility, and allocating scholarship awards. Once approved, the scholarship funds are directly issued to the selected schools for each student. The organization works towards fostering a network of informed, generous, and engaged parents, donors, and partner organizations to support this educational endeavor.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
The Arizona Education Scholarship Foundation Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement with an overall score of 65%. This rating reflects concerns primarily in governance and transparency, as evidenced by the lack of independent board members and missing policies related to conflict of interest, whistleblowing, and document retention. These factors significantly impact the foundation's accountability and oversight.
On a positive note, the organization demonstrates strong financial management with a program expense ratio of 99.98%, meaning that nearly all of its expenses are directed towards its programs. Additionally, it has no reported material diversion of assets and maintains a healthy liabilities to assets ratio of 0.07%. These financial attributes suggest that the foundation is effectively using its resources for its intended mission.
However, the absence of critical governance documents and policies raises red flags about its operational transparency. The missing website link on the tax form and the lack of board meeting minutes further highlight the areas where the foundation needs to improve in order to build trust and credibility with its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Arizona Education Scholarship Foundation Inc legitimate?
Arizona Education Scholarship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arizona Education Scholarship Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $95,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Arizona Education Scholarship Foundation Inc?
The Arizona Education Scholarship Foundation Inc's mission is centered around awarding scholarships to students who aspire to attend private K-12 schools. This mission is carried out with the support of engaged, generous, and connected communities of parents, donors, and partner organizations. The foundation provides educational resources and guidance to parents seeking tuition assistance through various platforms such as social media, one-on-one conversations, seminars, and other media. Once eligible applicants are identified, the foundation evaluates their applications and allocates scholarship awards. If approved, the scholarship funds are then issued directly to the attending schools for each student.
Who is the CEO of Arizona Education Scholarship Foundation Inc?
Brian Sanders is the President of Arizona Education Scholarship Foundation Inc.
What is the revenue of Arizona Education Scholarship Foundation Inc?
Arizona Education Scholarship Foundation Inc's revenue in 2022 was $1,869,378.
Who are the executives of Arizona Education Scholarship Foundation Inc and what are their salaries?
The average compensation at Arizona Education Scholarship Foundation Inc during 2022 was $95,750. There is 1 employee at Arizona Education Scholarship Foundation Inc.
Here are 2 key members and their salaries:
- Compensation: $95,750
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Arizona Education Scholarship Foundation Inc?
Arizona Education Scholarship Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Arizona Education Scholarship Foundation Inc
Arizona Education Scholarship Foundation Inc is committed to awarding scholarships to students who aspire to attend private K-12 schools. This nonprofit organization leverages the support of informed, giving, and connected communities of parents, donors, and partner organizations to achieve this mission. By providing training and education on the scholarship application process through various platforms such as social media, one-on-one conversations, and seminars, they aim to make this opportunity accessible to a wide range of families. The foundation then evaluates the eligibility of applicants and allocates scholarship awards accordingly. Once approved, the scholarship award funds are issued directly to the selected private schools for each student, enabling them to pursue their education. In essence, Arizona Education Scholarship Foundation Inc serves as a bridge between deserving students and private schools, empowering them to pursue quality education.
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Impact
October, 2024
Arizona Education Scholarship Foundation Inc has significantly impacted the education landscape by providing scholarships to students who wish to attend private K-12 schools. By facilitating tuition assistance, the foundation empowers families to access quality education options that align with their values and preferences.
The foundation engages with parents through comprehensive training and education initiatives, utilizing social media, one-on-one conversations, seminars, and various media platforms. This outreach ensures that families are well-informed about the scholarship process and can navigate their options effectively.
To maintain a fair and transparent scholarship allocation process, members of the foundation evaluate applicant eligibility rigorously. Once approved, the foundation promptly issues scholarship funds directly to the schools, alleviating the financial burden on families and enabling students to thrive in their educational environments.
By fostering a supportive community of parents, donors, and partner organizations, Arizona Education Scholarship Foundation Inc not only enhances individual educational opportunities but also enriches the broader community, promoting a culture of giving and investment in the future of children's education.
This information is meant to be a general summary of Arizona Education Scholarship Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,934
- Gross Receipts: $1,869,378
Assets and Liabilities:
- Total Assets: $2,543,766
- Total Liabilities: $0
- Net Assets: $2,543,766
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Organization Details
Founding Year
2009
Phone
(480) 478-0624Principal Officer
Brian Sanders
Main Address
9920 SOUTH RURAL ROAD 108-91, TEMPE, AZ, 85284
NTEE Category
Code: B82 - Education
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