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SCHOOL TUITION ORGANIZATION 4 KIDZ

PHOENIX, AZ · EIN 824886421 · Form 990 · FY2022 · NTEE B82 · Education · Medium ($1M-$10M) · sto4kidz.org
revenue
$1.4M
expenses
$1.0M
net assets
$1.5M
employees
3
volunteers
1
program ratio
89%
mission · from form 990

OUR MISSION IS TO ENABLE ARIZONA FAMILIES TO ENROLL THEIR CHILDREN AT THEIR SCHOOL OF CHOICE WHICH BEST MEETS THE NEEDS OF EACH INDIVIDUAL CHILD, THROUGH THE ARIZONA TUITION TAX CREDIT PROGRAM AT NO OUT OF POCKET COST TO TAXPAYERS.

profile · synthesized from sources

STO4KIDZ is an Arizona-based School Tuition Organization that provides K-12 private school scholarships to eligible students. The organization enables individuals and corporations to redirect their state tax liabilities as dollar-for-dollar tax credits to fund these scholarships, ensuring no out-of-pocket cost to taxpayers. Its mission is to facilitate school choice for Arizona families.

named programs · 5 · from sources

what they call their work

Charitable Giving
Accepts fully tax-deductible donations from individuals, regardless of their location, to fund K-12 private school scholarships.
Corporate Tuition Tax Credit
Enables corporations to allocate up to 100% of their state income tax liabilities through the Low-Income and Disabled/Displaced Tax Credit programs to fund K-12 private school scholarships.
Individual Tuition Tax Credit
Allows individuals to redirect their Arizona state tax liabilities to STO4KIDZ to create tuition financial aid for K-12 students, receiving a dollar-for-dollar tax credit.
Matching Gifts
Facilitates employer matching of donations and tax credit contributions, allowing donors to multiply their impact on student scholarships.
Payroll Withholding
Allows individuals to authorize their employer to send their state withholding tax amount to STO4KIDZ, contributing to scholarships in smaller amounts without affecting their take-home pay, while still claiming the tax credit.
activities · 2 clusters

what they do

  • Private School Tuition Tax Credit Scholarships 7 activities
    • Administer Arizona tax credit donation programs
      Offers donors the opportunity to contribute through five different Arizona tax credit programs, allowing them to redirect state tax liabilities to fund student scholarships.
    • Administers scholarship awards to students using donated funds
      Distributes at least 90% of all contributions as scholarships to students, with awards typically made within the same fiscal or school year. Processes a single application per student per school year to determine eligibility for up to four types of STO scholarships.
    • Distribute scholarships to students using donated funds
      Distributes the majority of contributions as scholarships to students, with at least 90% of all donations awarded within the same fiscal year or school year. Processes a single application per student per school year for consideration across multiple scholarship types.
    • Scholarship Application Processing
      Processes a single application per school year for students to be considered for all four types of available STO awards.
    • Scholarship Application Processing
      Processes a single application per school year for students to be considered for all four types of available STO awards.
    • Scholarship Granting
      Awards scholarships to students, committing to apply a minimum of 90% of all contributions directly to scholarships within the same fiscal or school year.
    • Scholarship Granting
      Awards scholarships to students, committing to apply a minimum of 90% of all contributions directly to scholarships within the same fiscal or school year.
  • Arizona Tax Credit Donation Facilitation 3 activities
    • Facilitates donor tax credit contributions through Arizona tax credit programs
      Offers donors the opportunity to contribute to five different Arizona tax credit programs, enabling them to receive corresponding state tax credits.
    • Tax Credit Facilitation
      Offers and processes applications for 5 different Arizona tax credits to donors who contribute to the organization.
    • Tax Credit Facilitation
      Offers and processes applications for 5 different Arizona tax credits to donors who contribute to the organization.
financials · form 990 · fy2022

the money

revenue
Total revenue$1.40M
Contributions & grants$1.40M100%
Program service revenue$00%
Investment income$1810%
Other revenue$0
expenses
Total expenses$1.02M
Program expenses89%
Admin / overhead11%
Fundraising0%
Salaries & benefits$48K
Grants paid out$905K
Largest expense lineCompensation
balance sheet
Total assets$1.46M
Cash$1.45M
Investments$0
Liabilities$5K
Net assets$1.46M
Liquid reserves17.1 mo
4 years on record · 2019–2022 · YoY revenue +11.0%
leadership · form 990 part vii · fy2022

who runs it

board members · 3
  • DENNIS ROGERS — Board Member
  • MARK HALLETT — Board Member
  • MIRIAM P ANTOLIK — President