Aaa Scholarship Foundation Inc
99% goes to programs $1 to raise $100 Strong reserves Declining revenue
Aaa Scholarship Foundation Inc is a 501(c)(3) organization based in Tampa, Florida, registered in 2010, with $104,400,455 in FY2024 revenue. CharityIndex grades it B+, and it directs about 99% of spending to programs.
Po Box 15719, Tampa, FL, 33684 EIN 27-2559468 Since 2010
Revenue (FY2024)
$104.4M
▼ 42.1% vs prior year
Education median: $200K
Expenses (FY2024)
$115.2M
Net assets
$71.1M
Employees
20
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating99% to programs · $1 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Aaa Scholarship Foundation Inc: 99% to programs · $1 to raise $100 earns a A+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating7 mo reserves · -10% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Aaa Scholarship Foundation Inc: 7 mo reserves · -10% margin earns a C+ on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Aaa Scholarship Foundation Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Aaa Scholarship Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Aaa scholarship foundation, inc. ("aaa") is a georgia not-for-profit organization incorporated march 26, 2010. aaa's mission is to: 1) promote relief to the poor and underprivileged and 2) promote the advancement of education. we carryout our mission by administering various legislatively- authorized education scholarship programs that help ensure economically- disadvantaged families and families of children with disabilities have equal access to the customized learning options they need to effectively educate their children. aaa is an approved scholarship granting organization (sgo) in georgia, arizona, florida, and nevada. as an sgo, aaa may receive re-directed state taxes from individual and corporate taxpayers. these re-directed funds are then distributed to eligible students in the form of scholarships (up to grade 12) so they may access the educational environments that best fit their learning needs. aaa understands that families fighting generational poverty see education as the
Contact & location
- Address
- Po Box 15719, Tampa, FL, 33684
- City
- Tampa
- State
- Florida
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $8.7M (FY2013) to $104.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $86.1MNet assets $71.1M
Operating margin
-10.4%
Spent more than it raised in the latest fiscal year.
Total assets
$157.3M
Total liabilities
$86.1M
Net assets
$71.1M
Salaries & benefits
$1.3M
1% of expenses
Board members
4
3 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $104,400,455▼42.1% | $115,223,328▼19.4% | $71,126,220▼12.8% | $157,269,937▼10.7% | 990 |
| 2023 | $180,446,082▲66.3% | $142,976,036▲9.1% | $81,535,528▲86.7% | $176,209,218▲86.5% | 990 |
| 2022 | $108,484,050▼15.3% | $131,093,716▲46.1% | $43,681,208▼33.7% | $94,488,704▼16.7% | 990 |
| 2021 | $128,005,629▲102% | $89,721,926▲19.9% | $65,927,187▲131% | $113,422,809▲64.9% | 990 |
| 2020 | $63,392,863▲35.3% | $74,829,032▲137% | $28,485,433▼28.7% | $68,762,945▼3.7% | 990 |
| 2019 | $46,844,334▼9.4% | $31,564,950▼33.8% | $39,943,447▲61.8% | $71,436,356▲17.5% | 990 |
| 2018 | $51,697,976▲3.3% | $47,656,173▲8.1% | $24,690,178▲19.7% | $60,785,255▲12.2% | 990 |
| 2017 | $50,047,419▲17.7% | $44,077,038▲52.9% | $20,630,371▲40.7% | $54,174,835▲20.8% | 990 |
| 2016 | $42,522,753▲121% | $28,824,288▲38.1% | $14,658,124▲1429% | $44,842,389▲76.6% | 990 |
| 2015 | $19,239,575▲29.8% | $20,870,603▲64.3% | $958,942▼62.9% | $25,389,240▲21.0% | 990 |
| 2014 | $14,824,738▲69.9% | $12,699,280▲55.7% | $2,587,302▲461% | $20,982,615▲65.5% | 990 |
| 2013 | $8,725,073 | $8,156,478▲14.5% | $460,908▲528% | $12,678,965▲56.5% | 990 |
| 2012 | — | $7,123,843▲191% | -$107,687▼89.4% | $8,103,166▲213% | 990 |
| 2011 | — | $2,450,411▲37.2% | -$56,855▼109% | $2,587,991▲9.0% | 990 |
| 2010 | — | $1,786,392 | $614,959 | $2,373,603 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Kimberly Dyson — $81,100 (0.07% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kimberly Dyson | Chief Exec O | 60 | $81,100 |
| Kimberly Perry | Director | — | — |
| Teresa L'homme | Director | — | — |
| Toni Cardamone | Director | — | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Kv and Associates LLC | Fund Raising | $1,373,271 |
| Bunnell Hill Partners LLC | Software Dev | $560,570 |
Grants made · $85.0M in FY2024
1 grant totaling $85.0M in FY2024. All grants made by Aaa Scholarship Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Step Up For Students - Florida Inc | Fl scholarships | $85,000,000 |
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Frequently asked questions
- Is Aaa Scholarship Foundation Inc a legitimate nonprofit?
- Yes. Aaa Scholarship Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 27-2559468, based in Tampa, Florida. Donations are tax-deductible.
- What is Aaa Scholarship Foundation Inc's EIN?
- Aaa Scholarship Foundation Inc's Employer Identification Number (EIN) is 27-2559468.
- How much revenue does Aaa Scholarship Foundation Inc report?
- Aaa Scholarship Foundation Inc reported $104,400,455 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Aaa Scholarship Foundation Inc's spending goes to programs?
- Aaa Scholarship Foundation Inc spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Aaa Scholarship Foundation Inc have?
- CharityIndex grades Aaa Scholarship Foundation Inc B+, based on program efficiency and fundraising cost.
- How much does Aaa Scholarship Foundation Inc's highest-paid employee make?
- The highest reported compensation on Aaa Scholarship Foundation Inc's latest Form 990 is $81,100, paid to Kimberly Dyson (Chief Exec O).
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Data for Aaa Scholarship Foundation Inc (EIN 27-2559468) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.