2025-02-12T14:05:16-07:00 2024-09-30 990EZ 2023-10-01 611848940 CHILDRENS TUITION FUND OF RHODE ISLAND CHIL 7195286906 PO Box 62249 Colorado Springs CO 80962 Kevin Buelke CFO 7195286906 2025-02-12 1 2023 2025-03-06 01:10:19Z X https://childrenstuitionfund.org/states/rhode-island/ X X 70499 X 70000 0 0 499 0 0 0 0 0 0 0 0 0 0 0 70499 63701 0 0 0 0 0 6798 70499 0 0 0 0 X 53808 106976 0 0 0 0 53808 106976 53808 106976 0 0 Provide scholarships for qualified educational expenses. Help students access better educational options that fit each student's particular needs and cooperating with and supporting other projects and organizations that are organized and operated for similar purposes. Provided scholarships for 40 students at 2 schools. 63701 70499 70499 James Elliott Executive Director 2 86649 28586 0 Kevin Buelke CFO 1 159489 29662 0 Todd Marrah Board Chair 1 0 0 0 Elisa Carlson Board Chair-Elect 1 0 0 0 Tia Gaines Board Secretary 1 0 0 0 Kevin Kyser Board Treasurer 1 0 0 0 Alan Miller Board member 1 0 0 0 Linda Harrelson Board member 1 0 0 0 Milton Gonzalez Board member 1 0 0 0 Nate Johnson Board member 1 0 0 0 Francisco Solano Portela Neto Board member 1 0 0 0 Joseph Kim Board Member 1 0 0 0 Jay Ferguson Board member (ended 7/24) 1 0 0 0 Carl Martinez Board member (ended 7/24) 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 RI Kevin Buelke - CFO PO Box 62249 Colorado Springs CO 80962 7195286906 0 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 28200 21000 41518 102018 70000 262736 28200 21000 41518 102018 70000 262736 185713 77023 499 499 263235 0.29260 0 X Children's Tuition Fund of Rhode Island (CTF-RI) accomplishes its mission by operating as a scholarship granting organization for Rhode Island's scholarship tax credit program. The Rhode Island scholarship tax credit program is a lottery based system, requiring donors to apply for the lottery and limiting the quantity of donors who can give and the amounts that can be given. Because of the program limitations, CTF-RI's donor quantity has varied from 2 to 6 donors over the five year period. CTF-RI's public contribution percentage is 29.26% this tax year, the first year CTF-RI is required to calculate it (in years 1-5 for previous filings, thus the 0% entered on line 15 for the prior year percentage). The percentage would normally exceed the 33 1/3% threshold; however, this tax year the donor count and donor dollars were lower due to the lack of success in the lottery. CTF-RI accepts donations from all eligible participants. All donors are third parties (i.e., none are related parties). CTF-RI's governing body members are all independent, experienced in faith-based education and the funding and operation of faith-based schools. This experience is directly applicable to CTF-RI's operations. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Form 990-EZ, Part I, Line 10 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 through their school. The application process includes financial vetting done by a third party to ensure that applicants meet the requirements of the state's laws, rules and regulations. In addition, financial eligibility qualification review of scholarship recipients are mandated by the state and are conducted by the student's school. The Organization's finance department and program administrators monitor the program on a monthly basis. The Organization communicates directly with the applicable educational institutions on a regular and on-going basis. Scholarships awarded to the grantees are paid directly to the student's accounts. No amount is paid directly to students or their families. Form 990-EZ, Part I, Line 16 Other expenses are administrative costs of managing the program. Form 990-EZ, Part II, Line 26 Scholarships payable