AAA SCHOLARSHIP FOUNDATION INC

EIN: 272559468 501(c)(3) Education

TAMPA, FL

Total Revenue
$104,400,455
Total Expenses
$115,223,328
Total Assets
$157,269,937
Net Assets
$71,126,220
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
GA
Principal Officer
KIMBERLY DYSON
Phone
8887072465
Tax Period
2024-07-01 to 2025-06-30

AAA SCHOLARSHIP FOUNDATION INC, founded in 2010, is a major nonprofit in the Education sector that reported $104.4M in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $115.2M exceeded revenue, resulting in a 10% operating deficit.

Mission

AAA SCHOLARSHIP FOUNDATION, INC. ("AAA") IS A GEORGIA NOT-FOR-PROFIT ORGANIZATION INCORPORATED MARCH 26, 2010. AAA'S MISSION IS TO: 1) PROMOTE RELIEF TO THE POOR AND UNDERPRIVILEGED AND 2) PROMOTE THE ADVANCEMENT OF EDUCATION. WE CARRYOUT OUR MISSION BY ADMINISTERING VARIOUS LEGISLATIVELY- AUTHORIZED EDUCATION SCHOLARSHIP PROGRAMS THAT HELP ENSURE ECONOMICALLY- DISADVANTAGED FAMILIES AND FAMILIES OF CHILDREN WITH DISABILITIES HAVE EQUAL ACCESS TO THE CUSTOMIZED LEARNING OPTIONS THEY NEED TO EFFECTIVELY EDUCATE THEIR CHILDREN. AAA IS AN APPROVED SCHOLARSHIP GRANTING ORGANIZATION (SGO) IN GEORGIA, ARIZONA, FLORIDA, AND NEVADA. AS AN SGO, AAA MAY RECEIVE RE-DIRECTED STATE TAXES FROM INDIVIDUAL AND CORPORATE TAXPAYERS. THESE RE-DIRECTED FUNDS ARE THEN DISTRIBUTED TO ELIGIBLE STUDENTS IN THE FORM OF SCHOLARSHIPS (UP TO GRADE 12) SO THEY MAY ACCESS THE EDUCATIONAL ENVIRONMENTS THAT BEST FIT THEIR LEARNING NEEDS. AAA UNDERSTANDS THAT FAMILIES FIGHTING GENERATIONAL POVERTY SEE EDUCATION AS THE

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $100,235,665
Program Service Revenue $0
Investment Income $4,164,790
Other Revenue $0
TOTAL REVENUE $104,400,455

Expense Breakdown

Grants Paid $111,372,657
Salaries & Benefits $1,293,058
Fundraising Expenses $1,421,174
Program Expenses $113,539,582
Other Expenses $1,184,342
TOTAL EXPENSES $115,223,328

Year-over-Year Comparison

2024 2023 Change
Revenue $104,400,455 $180,446,082 -0.4%
Expenses $115,223,328 $142,976,036 -0.2%
Net Income $-10,822,873 $37,470,046 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
3
Employees
20
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$94,100
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIMBERLY DYSON CHIEF EXEC O 60.00
Officer
$81,100 $13,000 $94,100
TONI CARDAMONE DIRECTOR N/A
Director
$0 $0 $0
TERESA L'HOMME DIRECTOR N/A
Director
$0 $0 $0
KIMBERLY PERRY DIRECTOR N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $104,400,455 $115,223,328 $157,269,937 $-10,822,873
2024 $180,446,082 $142,976,036 $176,209,218 $37,470,046
2023 $108,484,050 $131,093,716 $94,488,704 $-22,609,666
2022 $128,005,629 $89,721,926 $113,422,809 $38,283,703
2021 $63,392,863 $74,829,032 $68,762,945 $-11,436,169
2020 $46,844,334 $31,564,950 $71,436,356 $15,279,384
2019 $51,697,976 $47,656,173 $60,785,255 $4,041,803
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