irs program accomplishments · form 990 part iii · fy2021
what they reported doing
Program narrative the organization filed with the IRS. Ordered by program spending.
- #1 primary $643KSwitcher Individual Private School Tax Credit tuition scholarships awarded to students attending qualified private schools in Yuma, Arizona including: Freedom Baptist Academy, Hand in Hand Christian School, Immaculate Conception School, Saint Francis of Assisi School, Southwestern Christian School, Yuma Catholic High School, Yuma Christian Academy, and Yuma Lutheran School.
- #2 $103KLow Income Corporate Tax Credit tuition scholarships awarded to students attending qualified private schools in Yuma, Arizona including: Immaculate Conception School, Saint Francis of Assisi School, Southwestern Christian School, Yuma Catholic High School, and Yuma Lutheran School
named programs · 2 · from sources
what they call their work
Original Scholarship Program
Provides scholarships for students residing in Arizona to attend qualified private schools, based on financial need and availability of funds.
Switcher Scholarship Program
Aids students who have previously attended public schools and are transferring to qualified private schools, ensuring they receive financial support for their tuition.
activities · 3 groups
what they do
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Private School Tuition Tax Credit Scholarships 7 activities
- Facilitate Arizona Private School Tuition Tax Credit DonationsReceives private school tuition tax credit donations from individuals and employers, qualifying as a 501(c)(3) organization for the Arizona School Tuition Tax Credit, which allows donors to receive a dollar-for-dollar tax credit on their Arizona state return. Tax receipts are sent to employees upon receipt of quarterly payments from employers.
- Facilitate Arizona Private School Tuition Tax Credit DonationsReceives private school tuition tax credit donations from individuals and employers, qualifying as a 501(c)(3) organization for the Arizona School Tuition Tax Credit, which allows donors to receive a dollar-for-dollar tax credit on their Arizona state return. The organization meets state certification requirements for School Tuition Organizations (STO).
- Facilitate Arizona Private School Tuition Tax Credit DonationsReceives private school tuition tax credit donations from individuals and employers, qualifying as a 501(c)(3) organization for the Arizona School Tuition Tax Credit, which allows donors to receive a dollar-for-dollar tax credit on their Arizona state return.
- Facilitate Arizona Private School Tuition Tax Credit DonationsReceives private school tuition tax credit donations from individuals, including through employer payroll withholding deductions, and provides tax receipts to employees upon receipt of quarterly payments from employers. The organization qualifies as a 501(c)(3) for the Arizona School Tuition Tax Credit, allowing donors to receive a dollar-for-dollar tax credit.
- Provide K-12 Private School Tuition ScholarshipsAwards scholarships to cover tuition expenses at qualified Arizona private schools for students in kindergarten through 12th grade, including those with special needs, in foster care, previously homeschooled, or new to Arizona. Scholarships are disbursed monthly during fall and spring semesters and are restricted to current academic year tuition expenses, with amounts up to $6,500 for K-8 and preschool students with disabilities, and up to $8,300 for 9-12th grade students.
- Provide K-12 Private School Tuition ScholarshipsAwards scholarships to students residing in Arizona for tuition expenses at qualified Arizona private schools, covering grades K-12 and preschool students with disabilities. Scholarships can be up to $6,500 for K-8 and up to $8,300 for 9-12 for the 2025/2026 academic year, with 96% of annual contributions distributed as scholarships.
- Provide K-12 Private School Tuition ScholarshipsAwards scholarships to students residing in Arizona for tuition expenses at qualified Arizona private schools, covering grades K-12 and preschool students with disabilities. Scholarship amounts are up to $6,500 for K-8 and preschool students with disabilities, and up to $8,300 for grades 9-12 for the 2025/2026 academic year. The organization awards 96% of annual contributions as scholarships.
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Annual Scholarship Application Processing 3 activities
- Manage Scholarship Application and Disbursement ProcessOperates an annual student scholarship application process from February 1 to January 31. Scholarship awards are distributed on a monthly schedule during both the fall and spring semesters.
- Manage Scholarship Application and Disbursement ProcessOperates an annual student scholarship application process from February 1 to January 31, with scholarship awards distributed monthly during the fall and spring semesters.
- Manage Scholarship Application and DistributionOperates an annual scholarship application process from February 1 to January 31, distributing scholarship awards monthly during both fall and spring semesters for the current academic year.
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Uncategorized 5 activities
- Establish School PartnershipsEstablishes annual partnerships with schools through a formal verification process that requires school administration to complete a partnership form.
- Establish School PartnershipsEstablishes annual partnerships with schools through a formal verification process that requires school administration to complete a partnership form.
- Establish School PartnershipsEstablishes partnerships with schools annually through a formal verification process that requires school administration to complete a partnership form.
- Partner with Schools for Scholarship ProgramsEstablishes annual partnerships with schools through a formal verification process that requires school administration to complete a partnership form.
- Provide K-12 Private School Tuition ScholarshipsAwards scholarships to students residing in Arizona for tuition expenses at qualified Arizona private schools, covering grades K-12 and preschool students with disabilities. Scholarships can be up to $6,500 for K-8 and up to $8,300 for 9-12 for the 2025/2026 academic year, with 96% of annual contributions distributed as scholarships.
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financials · form 990 · fy2021
revenue
Total revenue$1.87M
Contributions & grants$1.86M100%
Program service revenue$00%
Investment income$860%
Other revenue$73
expenses
Total expenses$1.74M
Program expenses95%
Admin / overhead3%
Fundraising2%
Salaries & benefits$0
Grants paid out$1.62M
Largest expense lineProfessional Fees
balance sheet
Total assets$1.05M
Cash$1.05M
Investments$0
Liabilities$0
Net assets$1.05M
Liquid reserves7.3 mo
2 years on record · 2020–2021 · YoY revenue +12.9%
leadership · form 990 part vii · fy2021
who runs it
paid leadership · 1
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| Angela Poels | Executive Director | 35 | $56K |
relationships · 11
who they work with
- Arizona Department of Economic Security Partner — Verifies student placement in the Arizona Foster Care system for scholarship eligibility.
- Arizona Department of Education Government — Refers individuals to the Arizona Department of Education website for information regarding Empowerment Scholarship Accounts (ESA).
- Arizona Department of Revenue Government — Corporate tax credits must be pre-approved by the Arizona Department of Revenue; YES Fund for Kids submits applications to them for approval.
- Arizona Department of Revenue Government — Follows eligibility guidelines set by the Arizona Department of Revenue for scholarship programs.
- Arizona Department of Revenue Government — Follows guidelines from the Arizona Department of Revenue regarding student eligibility for the private school tax credit program.
- Arizona Department of Revenue Government — Receives required tax forms and administers the withholding tax reduction program in coordination with YES Fund for Kids.
- Arizona Department of Revenue Government — Submits financial statement reviews or audits to the Arizona Department of Revenue as required by statute.
- Arizona Department of Revenue (ADOR) Government — Applies to ADOR for certification as an STO and is certified by ADOR to receive tax credit donations.
- Avenir Financial Partner — Provides 0% interest tax credit loans to donors participating in the tax credit program.
- STO Partner — Collaborates with STO to establish school partnerships for scholarship distribution.
- USDA Government — Uses USDA guidelines for economic eligibility requirements for scholarships.