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ARIZONA SCHOOL CHOICE TRUST INC

CHANDLER, AZ · EIN 860712553 · Form 990 · FY2021 · NTEE T99Z · Philanthropy & Grantmaking · Medium ($1M-$10M) · www.asct.org
revenue
$3.0M
expenses
$1.6M
net assets
$3.5M
employees
0
program ratio
100%
mission · from form 990

THE ORGANIZATION PROVIDES SCHOLARSHIPS TO CHILDREN OF FAMILIES IN FINANCIAL NEED WHO DESIRE TO ATTEND PRIVATE SCHOOLS IN ARIZONA.

profile · synthesized from sources

Arizona School Choice Trust provides private school scholarships to low-income families, foster children, and children with disabilities in Arizona. As a state-approved School Tuition Organization (STO), it leverages Arizona’s tax credit programs to fund scholarships, enabling families to choose private education regardless of financial circumstances. Founded in 1993, the organization administers multiple scholarship programs and has supported thousands of students across the state.

named programs · 6 · from sources

what they call their work

Disability Scholarships
Supports children with disabilities through the Disabled/Displaced Corporate Tuition Tax Credit program (Lexie’s Law), enabling access to specialized private education.
Emergency Assistance Scholarships
Offers immediate financial support to families facing unexpected hardships to maintain continuity in private education.
Foster Child Scholarships
Covers tuition costs for children in foster care to attend participating private schools, ensuring educational stability and support.
Low-Income Family Scholarships
Provides financial assistance to families with household incomes up to 185%–342.25% of the federal poverty level to attend private schools in Arizona.
Memorial College Scholarship
Provides college scholarships to high school seniors who have previously received ASCT support and demonstrated leadership and entrepreneurship.
Merit-Based Scholarships
Rewards academically outstanding students with scholarships based on achievement and potential, regardless of financial need.
activities · 5 clusters

what they do

  • Private School Tuition Tax Credit Scholarships 8 activities
    • Distribute private school tuition scholarships to Arizona students
      Distributes tuition awards to Arizona students for attendance at private schools using funds from tax credit donations. The program has provided thousands of scholarships since 1993, with annual distribution in the 2024-2025 academic year.
    • Distribute private school tuition scholarships to Arizona students
      Distributes tuition awards to Arizona students for private school attendance using funds from tax credit donations, with scholarships awarded annually to low-income families, foster children, and children with disabilities. The program has provided thousands of scholarships since 1993, starting with 54 in the first year and expanding significantly over time.
    • Distribute private school tuition scholarships to Arizona students
      Distributes tuition awards to Arizona students for attendance at private schools using funds from tax credit donations. The program has provided thousands of scholarships since 1993, with awards growing from 54 in the first year (1993) to over 15,000 total scholarships awarded to date.
    • Maintain certification as a School Tuition Organization
      Operates as a certified School Tuition Organization, which enables it to receive tax-credit-eligible donations to fund private school scholarships.
    • Operate as a certified School Tuition Organization
      Maintains official certification as a School Tuition Organization (STO), enabling it to receive tax-credit-eligible donations to fund private school scholarships.
    • Provide targeted scholarship support for specific student populations
      Provides scholarships specifically for low-income families, foster children, and children with disabilities, with expanded support programs for these groups over the organization’s 30+ year history.
    • Provide targeted scholarship support for specific student populations
      Provides scholarships specifically for low-income families, foster children, and children with disabilities, with expanded support programs for these groups over time.
    • Tuition Award Distribution
      Distributed tuition awards for the 2024-2025 academic year using funds from tax credit donations, providing financial assistance to families seeking private education.
  • Merit-Based Educational Scholarships 3 activities
    • Offer college scholarships for high school seniors with leadership experience
      Offers a college scholarship opportunity to high school seniors who have demonstrated leadership and entrepreneurship.
    • Offer college scholarships for high school seniors with leadership experience
      Provides a college scholarship opportunity specifically for high school seniors who have demonstrated leadership and entrepreneurship.
    • Offer college scholarships for high school seniors with leadership experience
      Offers a college scholarship opportunity to high school seniors who have demonstrated leadership and entrepreneurship.
  • Annual Scholarship Application Processing 2 activities
    • Administer annual scholarship application and renewal process
      Receives scholarship applications annually between mid-January and the end of March and offers annual renewal of scholarships contingent on continued eligibility and submission of a renewal application.
    • Administer annual scholarship application and renewal process
      Receives scholarship applications annually between mid-January and the end of March and offers annual renewal of scholarships contingent on continued eligibility and submission of a renewal application.
  • Educator and Professional Recognition Awards 1 activity
    • Advocate for school choice through recognition and awards
      Recognized as a leading school tuition organization through external rankings and awards, including being ranked #1 by HCREO in 2013 and receiving the 2015 Greater Phoenix Chamber of Commerce IMPACT Community Champion Award.
  • Uncategorized 2 activities
    • Maintain certification as a School Tuition Organization
      Operates as a certified School Tuition Organization, a status required to administer tax-credit-funded scholarship programs in Arizona.
    • Scholarship Provision
      Provides scholarships to low-income families, foster children, and children with disabilities, enabling thousands of students to access quality private education since 1993.
financials · form 990 · fy2021

the money

revenue
Total revenue$3.03M
Contributions & grants$3.03M100%
Program service revenue$00%
Investment income$-290-0%
Other revenue$0
expenses
Total expenses$1.61M
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$0
Grants paid out$1.29M
Largest expense lineProfessional Fees
balance sheet
Total assets$3.49M
Cash$1.55M
Investments$0
Liabilities$0
Net assets$3.49M
Liquid reserves11.5 mo
3 years on record · 2019–2021 · YoY revenue +94.1%
leadership · form 990 part vii · fy2021

who runs it

board members · 4
  • ALEX KOLODIN — BOARD MEMBER
  • ELIZABETH DRECKMAN — Executive Dir.
  • JULIA GRAHAM — BOARD MEMBER
  • NELAND NOBEL — BOARD MEMBER
relationships · 4

who they work with

  • Arizona Department of Revenue Government — Reports tuition award data and operates within state tax credit program regulations.
  • State of Arizona Government — Recognized as a state-approved School Tuition Organization.
  • TADS Partner — Third-party provider used to process scholarship applications online.
  • over 200 private schools Partner — Collaborates with private schools across Arizona to provide educational options for scholarship recipients.