AAA SCHOLARSHIP FOUNDATION INC
TAMPA, FL | Hillsborough County
Community Services
Overview
AAA SCHOLARSHIP FOUNDATION INC
27-2559468
3201 W HILLSBOROUGH AVE #15719
TAMPA, FL 33614
Hillsborough County
TAMPA, FL 33614
Hillsborough County
(786) 367-0823
kerri@aaascholarships.org
Mission Statement
TO PROVIDE ECONOMIC AND OTHER ASSISTANCE TO ECONOMICALLY DISADVANTAGED FAMILIES AND FAMILIES OF DISABLED STUDENTS TO ENABLE THEM TO SELECT THE BEST SCHOOLS FOR THEIR CHILDREN.
CRA Category
- Community Services
Nonprofit location
- LMI Census Tract
- Majority Minority Census Tract
Awards & Certifications
- This nonprofit has not received any CRA awards or certifications.
Founded
2010
Total Employees
18
Total Volunteers
0
Nonprofit Classification (NTEE Code)
T30
T - Philanthropy, Voluntarism, and Grantmaking
Public Foundation
Organizations, sometimes referred to as public charities, that derive their funding or support primarily from the general public in carrying out their social, educational, religious or other charitable activities serving the common welfare. Although public foundations may provide direct charitable services to the public as other nonprofits do, their primary focus is on grantmaking.
IRS Activity Codes
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code)
813211
Grantmaking Foundations
Targeted Clients
- At-Risk Youth
- Children & Youth
- K-12 Students
CRA Income Characteristics
- Low-Income
- Moderate-Income
- People Living Below Poverty Level
- USDA Free or Reduced Lunch Students
CRA Alignment
CRA Category
Community Services
Social services and other support for low- and moderate-income, homeless or at-risk individuals. 90.6%
Percent LMI Served
as reported by the nonprofit
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
LOWHIGH
LOWHIGH
LOWHIGH
LOWHIGH
Programs & Services
AAA SCHOLARSHIP PROGRAM
AAA provides banks with an innovative CRA investment opportunity at no cost. A bank can elect to redirect its state tax liability to AAA to fund scholarships for low-income children to attend the school of their choice. Over 90% of the children who receive AAA scholarships are at or below 200% of the poverty level and qualify for national free or reduced lunch programs. Examiners at the federal banking regulatory agencies have approved dollars transferred to fund scholarships through the program for positive consideration as part of the bank’s CRA investment test. Banks must have a corporate state tax liability in AZ, FL, GA or NV to participate and contributions can be allocated to specific assessment areas within these states upon request.
Targeted Clients
- At-Risk Youth
- Children & Youth
- Disabled
- Economically Disadvantaged
- K-12 Students
- Families
- First-Time Homebuyers
- Foster Youth
- Minority Individuals
CRA Income Characteristics
- Low-Income
- Moderate-Income
- People Living Below Poverty Level
- Medicaid Recipients
- USDA Free or Reduced Lunch Students
BANK ADVISORY BOARD
The AAA Scholarship Foundation Bank Advisory Board consists of banking experts, currently working in any aspect of the banking field, interested in improving the educational opportunities of economically disadvantaged children in the communities we serve. The Board serves as a strategic partner to AAA by offering knowledge, experience and recommendations to improve the outreach, marketing and services of the Foundation. Bankers participating in the Board provide financial-related technical assistance to the Foundation. As most of the students who receive AAA scholarships are low-income (more than 90%), service hours provided as a participant in the Board will qualify for positive consideration as part of the bank’s CRA service test.
Targeted Clients
Not reported
CRA Income Characteristics
Not reported
Awards & Certifications
Community Development Financial Institution
Community Development Financial Institution Award Recipient
New Market Tax Credit Recipient
HUD Counseling Agency
Low Income Housing Tax Credit Recipient
IRS Summary
Income
$184.2M
Revenue
$180.4M
Assets
$176.2M
IRS Business Master File Details
As of September 2025
Exempt Ruling Date
2010-09
Deductibility Status
Deductible
Last Tax Filing
2024
Organization Type
Corporation
Organization Tax Filing Status
990 (all other) or 990EZ return
Foundation Tax Filing Status
990-PF not required by IRS
Affiliation Classification
Independent Organization
Basis for Foundation/Public Charity Status
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
IRS Publication 78 Details
As of August 2025
Verified in Publication 78
Yes
Deductibility Limitation
50% (60% for cash contributions)
Organization Description
A public charity
IRS Form 990 Returns
Through June 2025
Tax period ending in
2016-06
Nonprofit Location
Main Address
3201 W HILLSBOROUGH AVE #15719
TAMPA, FL 33614
Hillsborough County
TAMPA, FL 33614
Hillsborough County
Area Type
Metropolitan Statistical Area
FIPS Geocoded Address
45300
MSA/MD
12
State
057
County
0119.11
Tract
Moderate
Income Level
Core-Based Statistical Area
45300 - Tampa-St. Petersburg-Clearwater, FL
Combined Statistical Area
Not located in a CSA.
Metropolitan Division
Not located in an MD.
Main Address Located In
Low- or Moderate-Income Census Tract
Opportunity Zone
Majority Minority Census Tract 77.19%
FFIEC Distressed Census Tract
FFIEC Underserved Census Tract
Geographies Served
- AZ - All Counties
- FL - All Counties
- GA - All Counties
- NV - All Counties & Cities
Market Data
| Main Address | Census Tract | County |
|---|---|---|
| 3201 W HILLSBOROUGH AVE #15719 TAMPA, FL 33614 | 0119.11 | Hillsborough County |
| Population | ||
| Total Population | 5,818 | 1,489,634 |
| Total Households | 2,401 | 569,998 |
| Income | ||
| Median Income* | $52,708 | $75,011 |
| Median Family Income (2024 FFIEC est.) | $88,800 | $98,100 |
| Tract Income Percentage | 75.59% | N/A |
| Below Poverty Level | 14.7% | 13.2% |
| Unemployment Level | 6.6% | 4.5% |
| Housing | ||
| Total Housing Units | 2,684 | 618,220 |
| Total Owner-Occupied Units | 23.1% | 61.1% |
| Total Renter-Occupied Units | 66.3% | 38.9% |
| Total Vacant Units | 10.5% | 7.6% |
* Census Tract Median Income based on 2020 Tract Median Family Income as reported in the 2024 FFIEC Census Flat File. County Income based on Median Household Income as reported in the 2023 American Community Survey.
Management
4
Total Voting Members
in Governing Body
in Governing Body
3
Independent Voting Members
in Governing Body
in Governing Body
Tax Filing Signatory
Kimberly Dyson
Chief Executive Officer
(888) 707-2465
Chief Executive Officer
(888) 707-2465
Principal Officer
Kimberly Dyson
findCRA Profile Owner
Kerri Vaughan
Managing Director
kerri@aaascholarships.org
Managing Director
kerri@aaascholarships.org
Key Policies & Documents
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grant Audit Performed
Organization Activities
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations
Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2023-06.
A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.
This Nonprofit Profile was created using data available from publicly available government and industry sources, our own research, and information provided directly the nonprofit organization. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.
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