Nonprofit · EIN 86-0712553
ARIZONA SCHOOL CHOICE TRUST INC
Tax-exempt · CHANDLER, AZ 85224
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,391,500 | $1,014,304 | $377,196 | $4,520,861 | $660 | $4,520,201 |
| June 30, 2024 | 990 | $1,371,765 | $1,538,038 | -$166,273 | $4,182,107 | $660 | $4,181,447 |
| June 30, 2023 | 990 | $2,490,547 | $1,761,831 | $728,716 | $4,214,701 | $0 | $4,214,701 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,235,054
- Program service revenue
- $0
- Investment income
- $156,446
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $863,520
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $1,014,304
Balance sheet and other
- Total assets, start of year
- $4,182,107
- Total assets, end of year
- $4,520,861
- Total liabilities, end of year
- $660
- Net assets, end of year
- $4,520,201
- Net assets without donor restrictions
- $4,520,201
- Gross receipts
- $1,391,500
- Employees
- 0
- Year formed
- 1997
- State of legal domicile
- AZ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH DRECKMAN | Executive Dir. Trustee or director | 40 | $0 |
| JULIA GRAHAM | Treasurer Trustee or director | 1 | $0 |
| NELAND NOBEL | BOARD MEMBER Trustee or director | 1 | $0 |
| ALEX KOLODIN | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT GRAHAM | Chairman Officer | 3 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH DRECKMAN | Executive Dir. Trustee or director | 40 | $0 |
| JULIA GRAHAM | Treasurer Trustee or director | 1 | $0 |
| NELAND NOBEL | BOARD MEMBER Trustee or director | 1 | $0 |
| ALEX KOLODIN | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT GRAHAM | Chairman Officer | 3 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH DRECKMAN | Executive Dir. Trustee or director | 40 | $0 |
| JULIA GRAHAM | Treasurer Trustee or director | 1 | $0 |
| NELAND NOBEL | BOARD MEMBER Trustee or director | 1 | $0 |
| ALEX KOLODIN | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT GRAHAM | Chairman Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 2875 W RAY RD STE 6 PMB 314, CHANDLER, AZ 85224-3525
- In care of
- % TREASURER
- Signed the 990
- JULIA GRAHAM, Treasurer
- Phone
- (623) 414-3429
- Website
- WWW.ASCT.ORG
- Return prepared by
- Kreml Williams & Dunham LLP
Mission
THE ORGANIZATION PROVIDES SCHOLARSHIPS TO CHILDREN OF FAMILIES IN FINANCIAL NEED WHO DESIRE TO ATTEND PRIVATE SCHOOLS IN ARIZONA.
Program accomplishments
- THE ORGANIZATION PROVIDES SCHOLARSHIPS TO CHILDREN OF FAMILIES IN FINANCIAL NEED WHO DESIRE TO ATTEND PRIVATE SCHOOLS WITHIN ARIZONA. DURING THE 2024-2025 FISCAL YEAR, 172 SCHOLARSHIPS WERE ISSUED THROUGH ASCT.Expenses $1,014,304 · grants $863,520 · revenue $1,223,583
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 86-0712553
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T99Z)
- Assets (IRS master file)
- $4,520,861
- Income (IRS master file)
- $1,391,500
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,391,500 | $1,014,304 | $4,520,861 | IRS |
| 990 | June 2024 | $1,371,765 | $1,538,038 | $4,182,107 | IRS |
| 990 | June 2023 | $2,490,547 | $1,761,831 | $4,214,701 | XML |
| 990 | June 2022 | $3,034,665 | $1,613,444 | $3,485,985 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-0712553).
Questions about ARIZONA SCHOOL CHOICE TRUST INC
- What is the EIN of ARIZONA SCHOOL CHOICE TRUST INC?
- The employer identification number (EIN) of ARIZONA SCHOOL CHOICE TRUST INC is 86-0712553.
- Is ARIZONA SCHOOL CHOICE TRUST INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to ARIZONA SCHOOL CHOICE TRUST INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ARIZONA SCHOOL CHOICE TRUST INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ARIZONA SCHOOL CHOICE TRUST INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ARIZONA SCHOOL CHOICE TRUST INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who are the officers and directors of ARIZONA SCHOOL CHOICE TRUST INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does ARIZONA SCHOOL CHOICE TRUST INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,391,500, expenses of $1,014,304 and total assets of $4,520,861 at year end.
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