ARIZONA PRIVATE EDUCATION SCHOLARSHIP FUND INC

EIN: 860958161 501(c)(3) Education

SCOTTSDALE, AZ

Total Revenue
$6,888,314
Total Expenses
$6,153,595
Total Assets
$7,719,045
Net Assets
$7,715,302
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
AZ
Principal Officer
GRANT SARDACHUK
Phone
4806998911
Tax Period
2024-07-01 to 2025-06-30

ARIZONA PRIVATE EDUCATION SCHOLARSHIP FUND INC, founded in 1998, is a community nonprofit in the Education sector that reported $6.9M in total revenue in fiscal year 2024. Expenses of $6.2M left a modest 11% surplus.

Mission

TO OPERATE AS A QUALIFIED TUITION ORGANIZATION UNDER ARIZONA STATUTES RELATED TO PRIVATE SCHOOL TUITION TAX CREDITS.

Program Service Accomplishments

Program 1
Expenses: $5,578,449

DURING 2024-2025, PAID OUT TAX CREDIT SCHOLARSHIPS TO 1,432 ELIGIBLE K-12TH GRADE LEVEL STUDENTS ATTENDING ACCREDITED PRIVATE SCHOOLS THROUGHOUT THE STATE OF ARIZONA.

Program 2
Expenses: $14,844

GRANTS ARE MADE TO SUPPORT YOUTH AND YOUTH PROGRAMS. BEYOND THE BOOKS GRANTS ARE MADE TO HELP LOW-INCOME OR AT-RISK ARIZONA STUDENTS TO HELP OFFSET THE ADDITIONAL COSTS OF PRIVATE SCHOOL...

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GRANTS ARE MADE TO SUPPORT YOUTH AND YOUTH PROGRAMS. BEYOND THE BOOKS GRANTS ARE MADE TO HELP LOW-INCOME OR AT-RISK ARIZONA STUDENTS TO HELP OFFSET THE ADDITIONAL COSTS OF PRIVATE SCHOOL EXTRACURRICULAR ACTIVITIES, TECHNOLOGY/TEXTBOOKS, SPORTS, GRADUATION, FIELD TRIPS, UNIFORMS, LEARNING SERVICES AND MORE. DURING THE 2024-2025 FISCAL YEAR, GRANTS WERE MADE TO BENEFIT 27 STUDENTS AT THREE ARIZONA PRIVATE SCHOOLS.

Program 3
Expenses: $8,169

SUPPORT FOR ORGANIZATIONS, CLUBS, AND OTHER QUALIFIED ENTITIES THAT SPECIFICALLY SUPPORT THE STUDENT POPULATIONS OF THE ORGANIZATION'S PARTNER SCHOOLS AND/OR OTHER COMMUNITY INITIATIVES THAT SUPPORT...

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SUPPORT FOR ORGANIZATIONS, CLUBS, AND OTHER QUALIFIED ENTITIES THAT SPECIFICALLY SUPPORT THE STUDENT POPULATIONS OF THE ORGANIZATION'S PARTNER SCHOOLS AND/OR OTHER COMMUNITY INITIATIVES THAT SUPPORT THE EDUCATION, HEALTH, SAFETY, AND WELFARE OF ARIZONA'S YOUTH.

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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 $6,638,308
Program Service Revenue $0
Investment Income $250,006
Other Revenue $0
TOTAL REVENUE $6,888,314

Expense Breakdown

Grants Paid $5,425,998
Salaries & Benefits $266,352
Fundraising Expenses $207,205
Program Expenses $5,601,462
Other Expenses $461,245
TOTAL EXPENSES $6,153,595

Year-over-Year Comparison

2024 2023 Change
Revenue $6,888,314 $7,134,785 0.0%
Expenses $6,153,595 $5,691,788 +0.1%
Net Income $734,719 $1,442,997 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
4
Volunteers
7

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
4
$119,116
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GRANT SARDACHUK CHAIR 2.00
Officer Director
$0 $0 $0
DR GARY DAMORE SECRETARY 2.00
Officer Director
$0 $0 $0
STEPHEN MOTTE TREASURER 2.00
Officer Director
$0 $0 $0
LISA PIPHER DIRECTOR 0.50
Director
$0 $0 $0
DEREK BOHLEN DIRECTOR 0.50
Director
$0 $0 $0
SHANNON MITCHELL DIRECTOR 2.00
Director
$0 $0 $0
TODD BAUGHMAN DIRECTOR 2.00
Director
$0 $0 $0
RICHARD DOE EXECUTIVE DI 40.00
Officer
$96,602 $22,514 $119,116
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 $6,888,314 $6,153,595 $7,719,045 $734,719
2024 $7,134,785 $5,691,788 $6,983,330 $1,442,997
2023 $5,922,736 $4,717,077 $5,539,242 $1,205,659
2022 $7,500,005 $7,643,616 $4,340,429 $-143,611
2021 $6,932,891 $6,307,754 $4,475,538 $625,137
2020 $7,609,487 $7,632,410 $3,921,870 $-22,923
2019 $9,240,072 $8,415,554 $3,841,268 $824,518
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