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TUITION ORGANIZATION FOR PRIVATE

GILBERT, AZ · EIN 800117067 · Form 990 · FY2021 · NTEE B82 · Education · Medium ($1M-$10M) · www.topsforkids.com
revenue
$4.2M
expenses
$3.8M
net assets
$3.7M
employees
2
program ratio
93%
mission · from form 990

OPERATE AS A SCHOOL TUITION ORGANIZATION (STO) THAT ACCEPTS DONATIONS FOR TUITION ASSISTANCE AND AWARDS SCHOLARSHIPS TO CHILDREN SO THEY CAN AFFORD TO ATTEND ARIZONA PRIVATE SCHOOLS.

profile · synthesized from sources

The Arizona Private Education Scholarship Fund (APESF) is a School Tuition Organization (STO) that facilitates tax-credit donations to fund scholarships for students attending private schools in Arizona. It helps families navigate the application process for tuition assistance and provides resources for donors to contribute their state tax liability to support school choice.

named programs · 2 · from sources

what they call their work

Beyond The Books
Provides financial assistance for less fortunate students to participate in enrichment activities.
Personal Family Donation Pages
Customized web pages for families to share the tax credit program with their network and solicit donations with recommendations for their children.
activities · 2 clusters

what they do

  • Private School Tuition Tax Credit Scholarships 5 activities
    • Administer private school tuition scholarships
      Provides tuition scholarships to low-income, disabled, and displaced students attending private schools in Arizona. Requires only one application per household per school year and has supported thousands of students over 25 years.
    • Administer tuition scholarships for private school students
      Provides tuition scholarships to low-income, disabled, and displaced students attending private schools in Arizona. The program requires one application per household per school year and has supported thousands of students over 25 years.
    • Facilitate tax-credit contributions for private education scholarships
      Accepts tax-credit contributions from Arizona taxpayers to fund private school tuition scholarships and provides tools such as Personalized Family Donation Pages and a Digital Backpack of resources to help families engage donors. These pages include student photos, explanatory videos, pre-filled donation buttons, and links to the organization’s website, and can be edited by families.
    • Facilitate tax-credit contributions for private education scholarships
      Accepts tax-credit contributions from Arizona taxpayers to fund private school scholarships and provides families with tools to solicit donations, including personalized donation pages with student photos, videos, and pre-filled donation buttons.
    • Provide family support and program navigation resources
      Offers additional resources and assistance to families to help them understand and participate in the Private School Tax Credit Program, including guidance on engaging donors and using donation tools.
  • Uncategorized 1 activity
    • Support families with scholarship and donation engagement resources
      Provides a "Digital Backpack" of resources and offers additional assistance to help families understand the Private School Tax Credit Program and connect with potential donors.
financials · form 990 · fy2021

the money

revenue
Total revenue$4.23M
Contributions & grants$4.23M100%
Program service revenue$00%
Investment income$00%
Other revenue$34
expenses
Total expenses$3.79M
Program expenses93%
Admin / overhead3%
Fundraising3%
Salaries & benefits$148K
Grants paid out$3.48M
Largest expense lineCompensation
balance sheet
Total assets$3.67M
Cash$3.66M
Investments$0
Liabilities$2K
Net assets$3.67M
Liquid reserves11.6 mo
3 years on record · 2019–2021 · YoY revenue +31.2%
leadership · form 990 part vii · fy2021

who runs it

paid leadership · 3
NameTitleHours/wkCompensation
HARRY V MILLER EXECUTIVE DI 40 $90K
HOWARD MACDONALD PRESIDENT 2 $6K
RICHARD MERCADO PRESIDENT, S 2 $6K
relationships · 8

who they work with

  • Arizona Government — Participates in Arizona's Private School Tax Credit program to award tuition scholarships.
  • Arizona Department of Revenue Government — Required to comply with donor confidentiality rules set by the Arizona Department of Revenue
  • Arizona Department of Revenue Government — Submits corporate tax credit pledges for approval and complies with state tax credit limits and regulations.
  • Arizona Private Education Scholarship Fund Network — Operating name associated with the tuition organization for the AZ Private School Tuition Tax Credit Program.
  • Arizona Private Education Scholarship Fund (APESF) Partner — APESF has taken over the mission of TOPS to help students access education through Arizona's tax credit scholarship program.
  • Arizona Private Education Scholarship Fund, Inc. Partner — Partner school with Arizona Private Education Scholarship Fund
  • JDS Professional Group Partner — External Auditor
  • Schmitt Schneck Even & Williams, P.C. Partner — Legal Counsel