Overview
What is Aaa Scholarship Foundation Inc?
Aaa Scholarship Foundation Inc, a Georgia-based not-for-profit organization founded in 2010, focuses on promoting relief for the underprivileged and advancing education. They achieve this mission by administering legislatively-authorized scholarship programs across Georgia, Arizona, Florida, and Nevada. By receiving redirected state taxes from individuals and corporations, they distribute the funds as scholarships to economically-disadvantaged families and families of children with disabilities. These scholarships provide access to customized learning options, ensuring that eligible students can attend educational environments that cater to their unique learning needs. The organizations' initiatives aim to help families escaping generational poverty recognize education as a means to upward mobility. With a team of 20 dedicated employees, Aaa Scholarship Foundation Inc is committed to leveling the educational playing field for those in need.
Official website here: www.aaascholarships.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star rating
The Aaa Scholarship Foundation Inc has achieved a strong rating of 90%, reflecting its commitment to accountability and effective financial management. Notably, the organization boasts a high Program Expense Ratio of 98.74%, indicating that a significant portion of its funds are directed towards its programs. Additionally, it has implemented key governance practices, including a conflict of interest policy and a whistleblower policy, which contribute to its accountability.
User feedback highlights the positive impact the foundation has had on individuals, particularly in providing educational opportunities. Testimonials emphasize the transformative nature of the scholarships, with clients expressing gratitude for the chance to access better schooling options for their children. This suggests that the foundation is not only financially sound but also successful in fulfilling its mission.
While the foundation exhibits strong performance in many areas, the Culture & Community Score of 75 indicates there may be opportunities for improvement in community engagement and support. Overall, the organization is well-regarded for its financial integrity and positive outcomes for scholarship recipients.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Aaa Scholarship Foundation Inc legitimate?
Aaa Scholarship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aaa 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: $86,617
Professional Fundraising Fees: $1,065,658
Other Salaries and Wages: $800,883
For more financial information, click here
Official website here: www.aaascholarships.org
What is the mission statement of Aaa Scholarship Foundation Inc?
The Aaa Scholarship Foundation Inc is a not-for-profit organization with a mission to promote relief for the poor and underprivileged and advance education. They carry out this mission by administering legislatively-authorized scholarship programs, ensuring economically-disadvantaged families and families of children with disabilities have equal access to customized learning options. The foundation is an approved Scholarship Organization in Georgia, Arizona, Florida, and Nevada, allowing it to receive redirected state taxes from individual and corporate taxpayers. These funds are distributed to eligible students in the form of scholarships up to grade 12, enabling them to attend educational environments that best fit their learning needs. Families dealing with poverty see education as the most reliable means to uplift their lives, and the foundation aims to make this a reality.
Official website here: www.aaascholarships.org
Who is the CEO of Aaa Scholarship Foundation Inc?
Kimberly Dyson is the Chief Exec O of Aaa Scholarship Foundation Inc.
Official website here: www.aaascholarships.org
What is the revenue of Aaa Scholarship Foundation Inc?
Aaa Scholarship Foundation Inc's revenue in 2023 was $108,484,050.
Official website here: www.aaascholarships.org
Who are the executives of Aaa Scholarship Foundation Inc and what are their salaries?
The average compensation at Aaa Scholarship Foundation Inc during 2023 was $44,375. There are 20 employees at Aaa Scholarship Foundation Inc.
Here are 4 key members and their salaries:
- Compensation: $74,079
- Related: $0
- Other: $12,538
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.aaascholarships.org
Where can I find the form 990 for Aaa Scholarship Foundation Inc?
Aaa Scholarship Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.aaascholarships.org
Learn more at the official website: www.aaascholarships.org
Mission Statement of Aaa Scholarship Foundation Inc
Aaa Scholarship Foundation Inc, a Georgia-based not-for-profit organization established in 2010, is dedicated to promoting relief for the poor and underprivileged while advancing education. The foundation achieves its mission by administering various legislatively-authorized scholarship programs, ensuring economically-disadvantaged families and families of children with disabilities have access to customized learning options to effectively educate their children. As an approved Scholarship Organization (SO) in Georgia, Arizona, Florida, and Nevada, Aaa Scholarship Foundation Inc receives redirected state taxes from individual and corporate taxpayers. These funds are then distributed to eligible students in the form of scholarships up to grade 12, helping them access educational environments that cater to their unique learning needs. Families battling generational poverty view education as the most promising means to uplift themselves, and Aaa Scholarship Foundation Inc is committed to making this opportunity accessible.
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Impact
October, 2024
Aaa Scholarship Foundation Inc has made a significant impact by addressing the educational needs of economically disadvantaged families and families with children with disabilities. By administering various scholarship programs across Georgia, Arizona, Florida, and Nevada, the foundation ensures that these families have equal access to tailored educational options that meet their unique learning requirements.
In recent years, Aaa Scholarship Foundation has successfully granted thousands of scholarships, including 450 annual scholarships in Georgia, 2,445 in Arizona, and 1,419 in Florida, among others. These scholarships support children from pre-K through 12th grade, allowing them to attend schools that better fit their individual learning styles and aspirations. This approach not only promotes educational advancement but also helps alleviate the burdens of poverty by empowering families to secure better futures through education.
The foundation's commitment to enhancing educational access has proven transformative for countless students, illustrating the critical role that financial support plays in bridging the gap for those facing economic and developmental challenges. By fostering educational opportunities, Aaa Scholarship Foundation is helping to break the cycle of generational poverty and contribute to a more equitable society.
This information is meant to be a general summary of Aaa 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 2023.
- Investment Income: $2,719,623
- Gross Receipts: $111,854,841
Assets and Liabilities:
- Total Assets: $94,488,704
- Total Liabilities: $50,807,496
- Net Assets: $43,681,208
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Organization Details
Founding Year
2010
Phone
(888) 707-2465Principal Officer
Kimberly Dyson
Main Address
PO BOX 15719, TAMPA, FL, 33684
Website
www.aaascholarships.orgNTEE Category
Code: B21 - Education
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