2024-02-12T16:06:09-06:00 2023-09-30 204193611 Batts Morrison Wales & Lee PA 801 North Orange Avenue Suite 800 Orlando FL 32801 990 2022-10-01 474074093 ACSI Children Education Fund Inc ACSI 7195286906 PO Box 62249 Colorado Springs CO 80962 Kevin Buelke CFO 7195286906 2024-01-21 1 Kevin Buelke 999009999 1 Kaylyn A Varnum P01691975 4077706000 2024-01-21 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z James Elliot PO Box 62249 Colorado Springs CO 80962 12914768 0 X www.childrenstuitionfund.org X 2015 VA Support educational programs that provide a Christ-centered education for children. 11 11 0 11 0 0 9771787 12914768 0 0 0 0 0 0 9771787 12914768 9300778 11937476 0 0 387949 500898 0 0 0 170997 171318 9859724 12609692 -87937 305076 5927618 9202496 5581620 8551422 345998 651074 X Support educational choice and innovation through school vouchers, scholarship tax credit programs and other scholarship programs, education savings accounts, and other choice programs that provide parents the opportunity to choose a Christ-centered education for their children. The Organization accepts funds from individuals, businesses, and scholarship tax credit programs for eligible students to pursue educational opportunities. 0 0 12609692 11937476 The Organization provides scholarships to eligible students for qualified educational expenses incurred in attending eligible schools. 12609692 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 1 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AL VA MO PA X Kevin Buelke 7195286906 PO Box 62249 Colorado Springs CO 80962 Steve Dill Board Member (ended 6/23) 1.00 4.00 X 0 63168 8549 Dr D Merle Skinner Board Chair (ended 6/23) 1.00 X X 0 0 0 Alan Miller Board Member 1.00 X 0 0 0 Carl Martinez Board Member (began 7/23) 1.00 X 0 0 0 Elisa Carlson Board Member (began 7/23) 1.00 X 0 0 0 Jay Ferguson Board Member (began 7/23) 1.00 X 0 0 0 Kevin Kyser Board Member 1.00 X 0 0 0 Kimberly Gill Board Member (ended 6/23) 1.00 X 0 0 0 Linda Harrelson Board Member (began 7/23) 1.00 X 0 0 0 Lisa Bacon Board Member (ended 6/23) 1.00 X 0 0 0 Milton Gonzalez Board Member (began 7/23) 1.00 X 0 0 0 Dr Nate Johnson Board Member 1.00 X 0 0 0 Solano Portela Board Member (began 7/23) 1.00 X 0 0 0 Tia Gaines Board Member (began 7/23) 1.00 X 0 0 0 Dr Todd Marah Board Member 1.00 X 0 0 0 Kevin Buelke CFO 1.00 39.00 X 0 152045 22351 James Elliott Executive Director 40.00 X 0 84379 20273 0 299592 51173 1 0 1 0 0 12914768 321838 12914768 12914768 0 0 0 X 11937476 11937476 114202 114202 271843 271843 5866 5866 89183 89183 19804 19804 30550 30550 30520 30520 35128 35128 40691 40691 Registration Fees 16803 16803 State Research 16771 16771 Miscellaneous 855 855 12609692 12609692 0 0 4537899 5986735 1389719 3215761 5927618 9202496 30 5071 1389719 3215761 4191871 5330590 5581620 8551422 X 190853 198752 155145 452322 345998 651074 5927618 9202496 305076 0 X X 0 1 X 1 0 X 7919628 6697570 8585850 9771787 12914768 45889603 7919628 6697570 8585850 9771787 12914768 45889603 7560431 38329172 45889603 0.83520 0.87530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 Scholarships payable 5330590 5330590 Part IV, Line 2b: The custodial account liability reported on Form 990, Part X, Line 21 represents cash held on behalf of certain special purpose entities in connection with scholarship programs administered by the special purpose entities that are in furtherance of the Organization's exempt purposes. 1 0 0 Scholarships 3091 11937476 Part I, Line 2: The Organization monitors the use of grant funds by limiting its grants to eligible students for qualified educational expenses incurred in attending eligible schools. Potential grantees apply either through the Organization or through their school (depending on how their state has set up the program). The application process includes financial vetting done by a third party to ensure that applicants meet the requirements of each state's laws, rules, and regulations. In addition, financial eligibility qualification reviews of scholarship recipients are mandated by the states and conducted by the student's school. The Organization's Finance Department and Program Administrators monitor each state's programs on a monthly basis. The Organization communicates either directly with grantees or their applicable educational institutions on a regular and on-going basis. Scholarships awarded to the grantees are paid directly to the students' schools and applied directly to the students' accounts. No amount is paid directly to students or their families. 0 0 0 0 0 0 0 0 0 Kevin Buelke CFO 0 152045 0 0 0 0 0 0 0 22351 0 174396 0 0 Part I, Line 3 The Organization does not pay any of its employees directly and therefore does not have a compensation setting policy. Key personnel supporting the Organization are employees of Association of Christian Schools International ("ACSI"), a related tax-exempt organization. ACSI has adopted an executive compensation setting policy applicable to all disqualified persons, including ACSI's CEO, officers, and key employees. Under the policy, an independent committee of the Board of Directors annually reviews and approves the compensation levels of ACSI's CEO. The deliberations and decisions of the committee are contemporaneously substantiated. ACSI's CEO determines, approves, and documents the salary of the remaining key personnel. Both the committee and the CEO utilize comparability data in its deliberations; updated comparability data is generally obtained every two to three years. X 20 321838 FMV 0 0 1 0 Part I, Column (b): The Organization is reporting the number of contributions in column (b). Form 990, Part I: The Organization is exempt from the annual Form 990 filing requirement because the Organization is an integrated auxiliary of an association of churches as described in Treasury Regulation Section 1.6033-2(h). The Organization has elected to voluntarily file the Form 990 with the IRS, and has completed the Form 990 in a manner that is compliant with IRS requirements. Form 990, Part VI, Section A, line 4 The Organization's bylaws were updated during the fiscal year ended September 30, 2023 to require that the Board of Directors be comprised of individuals selected from Board Members of the Association of Christian Schools International. Additionally, the revised bylaws require the establishment of a standing committee, whose purpose will be to provide advisory services to the Board of Directors in the area of advocacy of school choice and the utilization of tax credit and voucher programs. Lastly, language requiring the approval of related organizations for proposed changes to the Organization's governing documents was removed. Form 990, Part VI, Section A, line 7a The Board of Directors are individuals selected from board members of the Association of Chistian Schools International ("ACSI"), having been designated as qualified for service by certain officers or board members of ACSI. Form 990, Part VI, Section B, line 11b The Organization's top management official and top financial official each review the Form 990 prior to its filing with the IRS. A copy of the final Form 990 is also provided to the voting members of the Organization's governing body prior to its filing with the IRS. Form 990, Part VI, Section B, line 12c Generally, the Organization's conflict of interest policy is distributed to each member of the Organization's governing body, its officers and its key employees on an annual basis. Each such individual provides an annual disclosure statement indicating that they have received, read, understood and agreed to comply with the policy, certifying that: (1) they have no relationships or interests that present a conflict of interest, (2) they have one or more conflicts of interest that have been fully disclosed as required by the policy and have been properly administered in conformity with the policy, or (3) they have previously undisclosed conflicts of interest and disclosing the details of such conflicts. Any disclosure statements with previously undisclosed conflicts of interest are forwarded to appropriate Organization officials to take appropriate actions as required by the policy. Form 990, Part VI, Section B, line 15 The Organization does not pay any of its employees directly and therefore does not have a compensation setting policy. Key personnel supporting the Organization are employees of Association of Christian Schools International ("ACSI"), a related tax-exempt organization. ACSI has adopted an executive compensation setting policy applicable to all disqualified persons, including ACSI's CEO, officers, and key employees. Under the policy, an independent committee of the Board of Directors annually reviews and approves the compensation levels of ACSI's CEO. The deliberations and decisions of the committee are contemporaneously substantiated. ACSI's CEO determines, approves, and documents the salary of the remaining key personnel. Both the committee and the CEO utilize comparability data in its deliberations; updated comparability data is generally obtained every two to three years. Form 990, Part VI, Section C, line 19 The Organization provides, upon request, copies of its Articles of Incorporation, bylaws, and its financial statements. The Organization's internal policies, such as the conflict of interest policy, are not made available to the public. Form 990, Part IX: The Organization does not incur any management and general expenses because such expenses are paid by the Organization's related organization, Association of Christian Schools ("ACSI"). ACSI does not require the Organization to reimburse such expenses. The Organization also does not incur any fundraising expenses. The majority of contributions received by the Organization are received from donors who have learned about the Organization's activities through the fundraising efforts of a participating school or state tax credit program. Therefore, all expenses incurred by the Organization are classified as program service expenses on Part IX, Column B. Form 990, Part IX, Lines 5-10: The Organization does not employ its own staff. All employee compensation expense, including officer compensation, represents reimbursements paid to Association of Christian Schools International ("ACSI"), a related organization, for staff shared with ACSI and its related entities. Form 990, Part XII, Line 2c: The Organization's Board of Directors assumes responsibility for the oversight of the audit of its financial statements. The selection of an independent accountant is made by the Board of Directors of The Association of Christian Schools International. This process has not changed from the prior year. Association of Christian Schools International PO Box 62249 Colorado Springs CO 80962 956072567 To support member schools in advancement of Christian education. TX 501(c)(3) Line 1 N/A 1 ACSI Education Foundation PO Box 62249 Colorado Springs CO 80962 300412105 Support the work of Assoc of Christian Schools Int'l VA 501(c)(3) Line 12a, I Association of Christian Schools International 1 ACSI Capital Corporation PO Box 62249 Colorado Springs CO 80962 201311949 Support the work of Assoc of Christian Schools Int'l CO 501(c)(3) Line 12a, I Association of Christian Schools International 1 Childrens Tuition Fund of Rhode Island PO Box 62249 Colorado Springs CO 80962 611848940 Support educational programs that provide a Christ-centered education RI 501(c)(3) Line 7 ACSI Children Education Fund 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 Association of Christian Schools International P 500898 Amount Paid