Overview
What is Private School Tuition Fund 123?
Private School Tuition Fund 123 is a nonprofit organization situated in Phoenix, Arizona, specifically at 428 E Thunderbird Road 130. Their primary mission is to provide financial assistance in the form of scholarships for tuition at approved private schools within Arizona, adhering to the state's individual and corporate tax credit programs. Their allocations are based on the financial needs of the students and the available funds for distribution, as evidenced by providing 119 scholarships to 11 private schools during the 2022 fiscal year. As a school tuition organization, they are mandated by Arizona Revised Statute 43-1089 to allocate at least 90% of their qualifying annual revenue towards educational scholarships or tuition grants, aiming to make private school education more affordable for all students.
Official website here: www.pstf123.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Star Rating)
The Private School Tuition Fund 123 has achieved a score of 66%, reflecting a Two-Star rating which primarily evaluates its accountability and financial health. The rating is based solely on its performance in this area, indicating that while the organization demonstrates strong financial management, there may be areas needing improvement in broader operational metrics.
Strengths of the organization include a fully independent board, with 66% of its members meeting this standard, as well as no reported material diversion of assets. The fund has also shown a strong commitment to transparency, as evidenced by its listed website on tax forms and the documentation of board meeting minutes. Furthermore, it maintains an impressive program expense ratio of 90.61%, indicating that a significant portion of its expenditures goes directly towards its mission.
Despite its solid financial practices, the Two-Star rating suggests potential limitations in areas such as overall operational effectiveness and programmatic impact, which are not assessed solely by financial metrics. Future improvements in these areas could enhance its rating and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Private School Tuition Fund 123 legitimate?
Private School Tuition Fund 123 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Private School Tuition Fund 123 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: $23,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.pstf123.org
What is the mission statement of Private School Tuition Fund 123?
Private School Tuition Fund 123, as a school tuition organization, is mandated by Arizona Revised Statute 43-1089 to allocate at least 90% of its qualifying annual revenue towards educational scholarships or tuition grants. The organization's primary goal is to make affordable private school education accessible to all students. In line with this mission, Private School Tuition Fund 123 awards scholarships to eligible students, considering their financial needs and the available funds, to cover their tuition at approved private schools within Arizona's individual and corporate tax credit programs. During the 12-month period ending June 30, 2022, the fund provided 119 scholarships to 11 different private schools.
Official website here: www.pstf123.org
Who is the CEO of Private School Tuition Fund 123?
Tiffany Seidemann is the President & Ceo of Private School Tuition Fund 123. The CEO's salary of Private School Tuition Fund 123 is $5,000 and their total compensation is $5,000.
Official website here: www.pstf123.org
What is the revenue of Private School Tuition Fund 123?
Private School Tuition Fund 123's revenue in 2022 was $855,058.
Official website here: www.pstf123.org
Who are the executives of Private School Tuition Fund 123 and what are their salaries?
Here are 3 key members and their salaries (Private School Tuition Fund 123's CEO's salary is $5,000 and their total compensation is $5,000):
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.pstf123.org
Where can I find the form 990 for Private School Tuition Fund 123?
Private School Tuition Fund 123's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pstf123.org
Learn more at the official website: www.pstf123.org
Mission Statement of Private School Tuition Fund 123
Private School Tuition Fund 123, as a school tuition organization, is mandated by Arizona Revised Statute 43-1089 to allocate at least 90% of its qualifying annual revenue towards providing educational scholarships or tuition grants. The organization's mission is centered around ensuring that affordable private school education is accessible to all students. In line with this mission, Private School Tuition Fund 123 awards scholarships to eligible students, enabling them to attend approved private schools in Arizona, based on their financial needs and the funds available for distribution. During the twelve-month period ending on June 30, 2022, the organization successfully provided 119 scholarships to 11 private schools, demonstrating its commitment to making private education more affordable for numerous students.
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Impact
July, 2024
Private School Tuition Fund 123 has made a significant impact by providing 119 scholarships to students attending 11 private schools in Arizona. These scholarships help make private school education more affordable for students in need, ensuring that they have access to quality education opportunities that may otherwise be out of reach. By allocating at least 90 percent of its qualifying annual revenue for educational scholarships or tuition grants, Private School Tuition Fund 123 is fulfilling its mission to support students and promote educational access and equity.
This information is meant to be a general summary of Private School Tuition Fund 123. 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: $5
- Gross Receipts: $855,058
Assets and Liabilities:
- Total Assets: $748,795
- Total Liabilities: $0
- Net Assets: $748,795
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Organization Details
Founding Year
2016
Phone
(602) 466-8503Principal Officer
Tiffany Seidemann
Main Address
428 E THUNDERBIRD ROAD 130, PHOENIX, AZ, 85022
Website
www.pstf123.orgNTEE Category
Code: B82 - Education
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