Overview
What is Arizona's Catholic Tuition Support Organization?
Arizona's Catholic Tuition Support Organization, also known as CTSO, is a nonprofit based in Tucson, Arizona. Their mission is to promote education by offering tuition assistance to K-12 students in private schools, utilizing funds generated by Arizona's tax credit programs. CTSO awards scholarships to children from families with financial need, with 90% of the scholarships granted based on verified financial requirements. The organization is diverse, with 38% of the scholarships given to single parent families and representing various demographics including Hispanic, Native American, Asian, African American, and multiracial students. CTSO is a qualified school tuition organization that accepts tax credit contributions for tuition assistance. The organization employs a staff of 7 individuals.
Official website here: www.ctso-tucson.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% - Four-Star out of Four Star Rating
Arizona's Catholic Tuition Support Organization has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization boasts a remarkable 97% score in the Accountability & Finance category, indicating a high level of transparency in operations and effective management of resources.
One notable strength is the organization's governance structure, which is comprised entirely of independent board members, ensuring impartiality in decision-making. Additionally, the organization demonstrates excellent financial practices, with a program expense ratio of 95.16%, meaning a large portion of its funds directly support its mission. The low liabilities to assets ratio of 0.14% signifies strong financial stability, while the fundraising efficiency ratio shows minimal costs associated with fundraising efforts.
Despite the impressive ratings, it is essential to note that the evaluation is primarily based on financial metrics. While this is a critical aspect of nonprofit performance, potential donors may also want to consider qualitative factors such as community impact and program effectiveness when making their contributions. Overall, Arizona's Catholic Tuition Support Organization stands out for its financial integrity and strong governance.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Arizona's Catholic Tuition Support Organization?
With four reviews currently posted on Facebook, Arizona's Catholic Tuition Support Organization is off to a promising start, even if it has not yet received an overall rating. Here is a summary of what's being said:
One review highlights the financial benefits of supporting the organization, particularly noting the advantages of using a credit card for donations to earn tax credits as well as rewards points. This suggests that contributors perceive the option as a smart financial decision, clearly indicating satisfaction with the overall approach and value proposition of the nonprofit.
Overall, the sentiment leans positive, as supporters seem to appreciate the organization’s mission and the practical benefits associated with contributing to it, framing the support as a wise choice for donors.
This AI summary has been generated from reviews found on Facebook.
Is Arizona's Catholic Tuition Support Organization legitimate?
Arizona's Catholic Tuition Support Organization is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arizona's Catholic Tuition Support Organization 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: $118,882
Professional Fundraising Fees: $0
Other Salaries and Wages: $127,238
For more financial information, click here
Official website here: www.ctso-tucson.org
What is the mission statement of Arizona's Catholic Tuition Support Organization?
Arizona's Catholic Tuition Support Organization is a qualified charitable organization that utilizes tax credit contributions to provide tuition assistance for K-12 students in private schools. The organization's primary goal is to promote education through this initiative, using funds generated from the Arizona Tax Credit Programs. Scholarships are awarded based on verified financial need, with a significant percentage going to single parent families and representing a diverse range of demographics, including Hispanic, Native American, Asian, African American, and multiracial students, regardless of race, creed, gender, and ethnicity. The scholarships enable children from financially disadvantaged backgrounds to attend the school of their choice.
Official website here: www.ctso-tucson.org
Who is the CEO of Arizona's Catholic Tuition Support Organization?
Gracie Quiroz Marum is the Director of Arizona's Catholic Tuition Support Organization. The CEO's salary of Arizona's Catholic Tuition Support Organization is $106,418 and their total compensation is $117,282.
Official website here: www.ctso-tucson.org
What is the revenue of Arizona's Catholic Tuition Support Organization?
Arizona's Catholic Tuition Support Organization's revenue in 2022 was $14,356,229.
Official website here: www.ctso-tucson.org
Who are the executives of Arizona's Catholic Tuition Support Organization and what are their salaries?
The average compensation at Arizona's Catholic Tuition Support Organization during 2022 was $35,160. There are 7 employees and 14 volunteers at Arizona's Catholic Tuition Support Organization.
Here are 13 key members and their salaries (Arizona's Catholic Tuition Support Organization's CEO's salary is $106,418 and their total compensation is $117,282):
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- Compensation: $106,418
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- Other: $10,864
Official website here: www.ctso-tucson.org
Where can I find the form 990 for Arizona's Catholic Tuition Support Organization?
Arizona's Catholic Tuition Support Organization's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ctso-tucson.org
Learn more at the official website: www.ctso-tucson.org
Mission Statement of Arizona's Catholic Tuition Support Organization
Arizona's Catholic Tuition Support Organization, also known as CTSO, is a qualified school tuition organization that advocates for education by offering tuition assistance to K-12 students attending private schools. The organization generates funds through the Arizona Tax Credit Programs, allowing taxpayers to redirect their tax liability to aid children in attending the school of their choice. CTSO grants scholarships to students from financially disadvantaged families, with 90% of these scholarships awarded based on verified financial need.
More than one-third of the awarded scholarships come from single-parent families, and the scholarship recipients encompass a diverse range of demographics, including Hispanic, Native American, Asian, African American, and multi-racial students. Regardless of race, creed, gender, and ethnicity, CTSO awards scholarships fairly and inclusively. By providing tuition assistance, this nonprofit organization enables students to access quality education that may not be otherwise attainable due to financial constraints. CTSO's mission is to make a significant difference in the lives of numerous children, allowing them to reach their full potential and secure a better future.
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Impact
October, 2024
Arizona's Catholic Tuition Support Organization (CTSO) significantly impacts education by providing crucial tuition assistance to K-12 students in private schools. Through its participation in the Arizona Individual Tax Credit Program, CTSO enables taxpayers to redirect their tax liabilities, thereby helping families afford education for their children.
The organization primarily focuses on supporting students from families experiencing financial challenges. Notably, 90% of the scholarships awarded are based on verified financial need, ensuring that assistance reaches those who require it most. The CTSO also prioritizes inclusivity, with 38% of scholarships going to children from single-parent households and a commitment to a diverse student body. Scholarships are awarded across various demographics, including Hispanic, Native American, Asian, African American, and multi-racial students, without discrimination regarding race, creed, gender, or ethnicity.
By facilitating access to quality education, CTSO plays a vital role in empowering families, enriching communities, and promoting educational equity in Tucson and beyond.
This information is meant to be a general summary of Arizona's Catholic Tuition Support Organization. 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: $33,665
- Gross Receipts: $14,356,229
Assets and Liabilities:
- Total Assets: $20,396,361
- Total Liabilities: $28,588
- Net Assets: $20,367,773
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Organization Details
Founding Year
1999
Phone
(520) 838-2572Principal Officer
Gracie Quiroz Marum
Main Address
PO BOX 31, TUCSON, AZ, 857020031
Website
www.ctso-tucson.orgNTEE Category
Code: B90 - Education
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