Overview
What is Arizona Private Education Scholarship Fund Inc?
Arizona Private Education Scholarship Fund Inc, based in Scottsdale, Arizona, is a dedicated nonprofit organization that advocates for school choice in the state. Their primary mission is to provide financial aid, in the form of tuition scholarships, to eligible students attending private K-12 schools across Arizona. Certified by the Arizona Department of Revenue, the fund leverages state tax credit and general donation revenues to fulfill this goal. In the 2022-2023 fiscal year, they successfully offered tuition tax credit scholarships to 1,216 students attending various schools throughout the state. With a team of seven dedicated individuals, Arizona Private Education Scholarship Fund Inc plays a significant role in expanding educational opportunities for Arizona's youth.
Official website here: www.apesf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
The Arizona Private Education Scholarship Fund Inc has achieved an impressive 95% score, indicating a strong commitment to accountability and financial management. With a perfect score in key areas such as board independence, material diversion of assets, and transparency, the organization demonstrates a robust framework that inspires confidence in its operations.
User feedback highlights the organization's dedication to community service and school choice in Arizona. Many donors commend its effectiveness and accessibility, citing a consistent history of excellence since its establishment in 1998. However, there are some concerns raised by a minority of users regarding the handling of specific situations, such as the decision not to apply funds in certain cases, which may affect perceptions of responsiveness.
Overall, the Arizona Private Education Scholarship Fund Inc stands out for its strong financial practices and positive community impact, though it may benefit from addressing individual concerns raised by some users to further enhance its reputation and service delivery.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Arizona Private Education Scholarship Fund Inc legitimate?
Arizona Private Education Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arizona Private Education Scholarship Fund 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: $117,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $185,014
For more financial information, click here
Official website here: www.apesf.org
What is the mission statement of Arizona Private Education Scholarship Fund Inc?
The Arizona Private Education Scholarship Fund Inc, abbreviated as APESF, is committed to advancing school choice in Arizona. Their primary mission is to provide financial aid, through tuition scholarships, to eligible students attending private K-12 schools in the state. APESF operates as a qualified tuition organization under Arizona's private school tuition tax credit statutes, utilizing both state tax credit and general donation revenues to fulfill this mission. In the 2022-2023 fiscal year, APESF provided tuition tax credit scholarships to 1,216 students enrolled in various schools across Arizona.
Official website here: www.apesf.org
Who is the CEO of Arizona Private Education Scholarship Fund Inc?
Kevin Armstrong is the Director of Arizona Private Education Scholarship Fund Inc.
Official website here: www.apesf.org
What is the revenue of Arizona Private Education Scholarship Fund Inc?
Arizona Private Education Scholarship Fund Inc's revenue in 2023 was $5,922,736.
Official website here: www.apesf.org
Who are the executives of Arizona Private Education Scholarship Fund Inc and what are their salaries?
The average compensation at Arizona Private Education Scholarship Fund Inc during 2023 was $43,173. There are 7 employees at Arizona Private Education Scholarship Fund Inc.
Here are 7 key members and their salaries:
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- Compensation: $65,000
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- Compensation: $20,481
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- Other: $3,851
Official website here: www.apesf.org
Where can I find the form 990 for Arizona Private Education Scholarship Fund Inc?
Arizona Private Education Scholarship Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.apesf.org
Learn more at the official website: www.apesf.org
Mission Statement of Arizona Private Education Scholarship Fund Inc
Arizona Private Education Scholarship Fund (APESF) is committed to furthering school choice in Arizona. As a certified School Tuition Organization, its primary mission is to provide financial aid, through tuition scholarships, to eligible students pursuing their education at accredited private K-12 schools within the state. APESF derives its funding from both state tax credit donations and general contributions, enabling it to fulfill its mission of making quality education accessible to a wide range of students.
In the 2022-2023 fiscal year, APESF extended tuition tax credit scholarships to 1,216 students across various schools throughout Arizona. By doing so, the organization contributes to the expansion of educational opportunities for students who may not otherwise have had the means to attend private schools. This mission aligns with APESF's objective of operating as a qualified tuition organization under Arizona statutes related to private school tuition tax credits.
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Impact
July, 2024
Arizona Private Education Scholarship Fund Inc's impact can be seen through its provision of scholarships and grants to Arizona students attending accredited private K-12 schools. In the 2022-2023 fiscal year, the organization provided tuition tax credit scholarships to 1,216 students attending various schools across the state of Arizona. By offering financial support to qualified students, Arizona Private Education Scholarship Fund Inc plays a vital role in advancing school choice and expanding educational opportunities for families in Arizona.
This information is meant to be a general summary of Arizona Private Education Scholarship Fund 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: $83,415
- Gross Receipts: $5,922,736
Assets and Liabilities:
- Total Assets: $5,539,242
- Total Liabilities: $1,656
- Net Assets: $5,537,586
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Organization Details
Founding Year
1998
Phone
(480) 699-8911Principal Officer
Kevin Armstrong
Main Address
15900 NORTH 78TH STREET 210, SCOTTSDALE, AZ, 85260
Website
www.apesf.orgNTEE Category
Code: B82 - Education
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