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Education : Scholarship and Financial Support

Arizona Christian School Tuition Organization

Awarding scholarships to students attending Christian schools in Arizona

four stars

96.66

P.O. Box 6580 Chandler, AZ 85246
tel: (480) 820-0403   Web Site
EIN: 86-0931047

Board Leadership
Scott R. Saunders
President

CEO
Scott Yarbrough
Executive Director

 
 
  Score
(out of 100) 		Rating
Overall Score & Rating 96.66 four stars
  Financial 97.50 four stars
  Accountability & Transparency 96.00 four stars
This rating was published 07/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Why isn't this based on more recent data?

Since it began in 1998, Arizona Christian School Tuition Organization (ACSTO) has awarded scholarships to more than 19,000 students attending 150 Arizona Christian schools. Over 50,000 visionary Arizona taxpayers have made this possible by donating to ACSTO, and taking advantage of Arizona's unique opportunity to receive a dollar-for-dollar credit against their Arizona state income tax. The goal of ACSTO is to further Christian education by effectively implementing the provisions of the Arizona private school tuition tax credit law for the benefit of Christian school students and their families.

Since it began in 1998, Arizona Christian School Tuition Organization (ACSTO) has awarded scholarships to more than 19,000 students attending 150 Arizona Christian schools. Over 50,000 visionary Arizona taxpayers have made this possible by donating to ACSTO, and taking advantage of Arizona's unique opportunity to receive a dollar-for-dollar credit against their Arizona state income tax. The goal of ACSTO is to further Christian education by effectively implementing the provisions of the Arizona private school tuition tax credit law for the benefit of Christian school students and their families.

Impact Information

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Financial

four stars

97.50

Accountability & Transparency

four stars

96.00

This rating was published 07/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Why isn't this based on more recent data?
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)		 92.4%
  Administrative Expenses 5.1%
  Fundraising Expenses 2.4%
  Fundraising Efficiency $0.02
  Working Capital Ratio (years) 0.77
  Program Expenses Growth 11.4%
  Liabilities to Assets < 0.1%
All data for Financial Performance Metrics calculations was provided by Arizona Christian School Tuition Organization on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Arizona Christian School Tuition Organization on recent 990s filed with the IRS.
Information Provided on the Form 990  
  Independent Voting Board Members
  No Material diversion of assets
  Audited financials prepared by independent accountant
  Does Not Provide Loan(s) to or Receive Loan(s) From related parties
  Documents Board Meeting Minutes
  Provided copy of Form 990 to organization's governing body in advance of filing
  Conflict of Interest Policy
  Whistleblower Policy
  Records Retention and Destruction Policy
  CEO listed with salary
  Process for determining CEO compensation
  Board Listed / Board Members Not Compensated
Is the following information easily accessible on the charity's website?  
  Donor Privacy Policy
  Board Members Listed
  Audited Financials
  Form 990
  Key staff listed

Highly Rated

Charity Name & State Overall Score Overall Rating
Arizona Christian School Tuition Organization (AZ) 96.66 four stars
Thurgood Marshall College Fund (DC) 92.15 four stars
Tri-County Scholarship Fund (NJ) 86.41 three stars
Institute for Quality Education (IN) 86.44 three stars
American Technion Society (NY) 93.52 four stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $23,916,038
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $23,916,038
   Program Service Revenue $0
Total Primary Revenue $23,916,038
   Other Revenue $11,744
TOTAL REVENUE $23,927,782
   
EXPENSES  
   Program Expenses $21,466,800
   Administrative Expenses $1,056,859
   Fundraising Expenses $477,645
TOTAL FUNCTIONAL EXPENSES $23,001,304
   
Payments to Affiliates $0
Excess (or Deficit) for the year $926,478
   
Net Assets $15,132,931

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Grants and Scholarships $14,053,682 65.5%
Awarded Grants and Scholarships to 5,078 students $7,413,118 34.5%

Ratings History
Arizona Christian School Tuition Organization has received 4 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-06 07/01/2019 96.66 four stars
2017-06 09/01/2018 91.05 four stars
2016-06 10/01/2017 90.48 four stars
2015-06 06/01/2016 91.45 four stars
 
CN 2.0
2015-06 03/01/2016 91.21 four stars
2014-06 09/01/2015 89.31 three stars
2013-06 06/01/2014 88.51 three stars
2012-06 07/01/2013 80.22 three stars
2010-12 12/23/2011 70.30 two stars
2009-12 09/20/2011 75.84 two stars
 
CN 1.0
2009-12 02/01/2011 89.48 three stars
2008-12 05/01/2010 96.88 four stars
2007-12 11/01/2008 96.84 four stars
2006-12 12/01/2007 99.37 four stars
2005-12 11/01/2006 99.22 four stars
2004-12 10/01/2005 95.13 four stars
2003-12 09/01/2004 99.32 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 86-0931047
Name in IRS Master File ARIZONA CHRISTIAN SCHOOL TUITION ORGANIZATION INC
NTEE Code B82
NTEE Classification Scholarships, Student Financial Aid Services, Awards
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date March, 1999
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)		 (Log In or Register Now to View Forms 990!)
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013
Compensation % of Expenses Paid to Title
$60,394 0.26% Scott Yarbrough Executive Director
Other Salaries of Note
$54,179 0.23% Steven B. Yarbrough Former Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Arizona Christian School Tuition Organization (AZ) 96.66 four stars
SHRM Foundation (VA) 86.65 three stars
Alliance for Education (WA) 86.99 three stars
North Carolina Agricultural Foundation (NC) 94.86 four stars
Mitchell Institute (ME) 91.15 four stars

Compare These Charities (Highly Rated)

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Charity Contact Info

Arizona Christian School Tuition Organization
P.O. Box 6580
Chandler, AZ 85246
tel: (480) 820-0403
fax: (480) 820-2027
EIN: 86-0931047

Visit Web Site

Board Leadership

Scott R. Saunders
President

CEO

Scott Yarbrough
Executive Director

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