named programs · 3 · from sources
what they call their work
Corporate Low-Income Tax Credit Scholarship
Provides scholarships to students from families with incomes up to 342.25% of the federal poverty level, funded by corporate donations
Original Individual Income Tax Credit Scholarship
Provides scholarships funded by individual donors who contribute to the original Arizona tax credit program under ARS §43-1089
Switcher Tax Credit Scholarship
Offers scholarships funded by individuals who first maxed out their original tax credit and then donated additional amounts under the switcher provision
activities · 2 clusters
what they do
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Arizona Tax Credit Scholarship Facilitation 2 activities
- Low-Income Tuition Assistance ScholarshipsProvides tuition assistance scholarships to K-12 students in Arizona from low-income families, with award amounts up to $7,900 for the 2023-2024 school year. In one year, the organization awarded $747,116 in Corporate Low-Income Tax Credit Scholarships.
- Switcher Tax Credit ProgramOffers a Switcher tax credit to individuals who have previously donated the maximum allowable amount under the Original tax credit program.
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Uncategorized 1 activity
- Scholarship Eligibility and Donor RecommendationsAllows students to receive multiple scholarships simultaneously and provides tuition assistance to students who previously received or declined an Empowerment Scholarship Account (ESA). Donors can recommend specific students for scholarships, though final award decisions are not solely based on these recommendations.
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financials · form 990 · fy2022
the money
revenue
Total revenue$1.20M
Contributions & grants$1.20M100%
Program service revenue$00%
Investment income$1240%
Other revenue$0
expenses
Total expenses$833K
Program expenses89%
Admin / overhead11%
Fundraising0%
Salaries & benefits$81K
Grants paid out$746K
Largest expense lineCompensation
balance sheet
Total assets$372K
Cash$372K
Investments$0
Liabilities$0
Net assets$372K
Liquid reserves5.3 mo
1 years on record · 2022–2022
leadership · form 990 part vii · fy2022
who runs it
paid leadership · 1
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| DOMINIQUE REYES | PRESIDENT | 40 | $75K |
board members · 2
- MERI FITZPATRICK — SECRETARY
- STEPHANIE DENEVAN — TREASURER
relationships · 2
who they work with
- Arizona Department of Revenue Government — Submits applications for corporate donations to the Arizona Department of Revenue for tax credit approval.
- Empowerment Scholarship Account Partner — Coordinates with ESA to ensure students do not receive duplicate funding in the same semester.