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 $139KAESOP'S SECONDARY PROGRAM SERVICE IS TO MAKE GRANTS TO QUALIFYING ORGANIZATIONS THAT PROVIDE SCHOLARSHIPS TO ARIZONA STUDENTS.
named programs · 2 · from sources
what they call their work
Corporate Low Income Scholarship Program (A.R.S. §43-1501)
Provides scholarships to students, with a focus on those with household incomes below 185% of the federal poverty line, funded by corporate tax credit donations.
Individual Original/Switcher Scholarship Programs (A.R.S. §43-1601)
Provides scholarships to students, funded by individual tax credit donations, including "Original" and "Switcher" categories.
activities · 3 clusters
what they do
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Arizona Tax Credit Scholarship Facilitation 3 activities
- Scholarship Funding and AdministrationAdministers and funds scholarships for K-12 students in Arizona through the state's Income Tax Credit Program, including Corporate Low Income, Individual Original/Switcher Original, and Switcher scholarships, with specific allocations based on household income levels.
- Scholarship Funding and AdministrationAdministers and funds scholarships for students across Arizona through the state's Income Tax Credit Program, including Corporate Low Income, Individual Original/Switcher Original, and Switcher scholarships, with specific allocations based on household income levels.
- Supports partner private schools with operations and materialsProvides operational support and resources such as scholarship application forms and donation brochures to qualified private schools in Arizona that meet state-defined criteria.
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Income-Based Private School Scholarships 1 activity
- Administers scholarship programs for students in ArizonaProvides and awards multiple types of scholarships to students across Arizona, including Corporate Low Income, STO, Individual Original/Switcher Original, and Switcher scholarships, with funding distributed based on household income levels relative to the federal poverty line.
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Uncategorized 2 activities
- Partner School SupportProvides support to qualified private schools in Arizona on the tax credit program, organizational operations, and supplies forms such as scholarship applications and donation brochures.
- Partner School SupportProvides support to qualified private schools in Arizona on the tax credit program and organizational operations, including providing necessary forms like scholarship applications and donation brochures.
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financials · form 990 · fy2021
the money
revenue
Total revenue$4.76M
Contributions & grants$4.74M100%
Program service revenue$00%
Investment income$16K0%
Other revenue$0
expenses
Total expenses$2.96M
Program expenses93%
Admin / overhead5%
Fundraising2%
Salaries & benefits$155K
Grants paid out$2.59M
Largest expense lineCompensation
balance sheet
Total assets$4.27M
Cash$4.09M
Investments$178K
Liabilities$0
Net assets$4.27M
Liquid reserves17.3 mo
3 years on record · 2019–2021 · YoY revenue +55.7%
leadership · form 990 part vii · fy2021
who runs it
paid leadership · 1
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| MICHAEL T DAY | EXECUTIVE DI | 40 | $155K |
board members · 2
- DOUG FOUGNIES — BOARD MEMBER
- LARRY DAY — BOARD MEMBER
relationships · 4
who they work with
- Arizona Government — Certified School Tuition Organization under Arizona's Income Tax Credit Program
- Partner School Partner — Schools that participate in AESOP's tax credit scholarship program
- State of Arizona Government — Operates within Arizona's Private School Tuition Tax Credit Law framework and adheres to state definitions for qualified schools and kindergarten eligibility.
- schools Partner — AESOP partners with schools to help them access tuition tax credit programs.