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← PRIVATE SCHOOL TUITION FUND 123

Form 990-EZ for tax year 2023

Filed by PRIVATE SCHOOL TUITION FUND 123.

Totals

Total revenue
$101,904
Total expenses
$206,853
Contributions and grants received
$101,901
Grants paid
$183,607
Program service revenue
not reported
Membership dues (line 3)
not reported
Investment income (line 4)
$3
Gain or loss on sale of assets (line 5c)
not reported
Gaming and fundraising events, net (line 6d)
not reported
Gross profit on inventory sales (line 7c)
not reported
Other revenue (line 8)
not reported
Total assets, end of year
$313,049
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
$313,049
Program service expenses (Part III)
$185,559

Program services were 89.7% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2023

Primary exempt purpose

Private School Tuition Fund 123 is a school tuition organization as defined in Arizona Revised Statute 43-1089, and as such, must allocate at least 90 percent of its qualifying annual revenue for educational scholarships or tuition grants. The Organization strives to ensure affordable private school education for all students.

  • Private School Tuition Fund 123 awards scholarships to students to help for tuition at approved private schools in accordance with the individual and corporate tax credit programs in the State of Arizona based on the applicants financial needs and the funds available for distributions. For the twelve month period ended June 30, 2024, Private School Tuition Funds 123 provided 43 scholarships to 11 private schools.

    Expenses $185,559 · Grants $182,038

As filed on the 2023 return.

Listed in Part IV

  • Tiffany Seidemann

    President & CEO

    Total calculated
    $33,400
    Compensation
    $33,400
    Benefit plans
    not reported
    Expense account
    not reported
    Hours/week
    20

  • Leah Kelley

    Director

    Total calculated
    $0
    Compensation
    $0
    Benefit plans
    not reported
    Expense account
    not reported
    Hours/week
    2

  • Rena Garcia

    Director

    Total calculated
    $0
    Compensation
    $0
    Benefit plans
    not reported
    Expense account
    not reported
    Hours/week
    2

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990_ez
Tax year
2023
Filed
4 February 2025
IRS schema version
2023v6.0
Source object
202510359349200716

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