AAA SCHOLARSHIP FOUNDATION INC

TAMPA, FL | Hillsborough County
Community Services
AAA SCHOLARSHIP FOUNDATION INC
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

AAA SCHOLARSHIP FOUNDATION INC
27-2559468
13528 PRESTIGE PLACE
TAMPA, FL 33635
Hillsborough County
(786) 367-0823

kerri@aaascholarships.org
  • linkedin
Mission Statement info

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 info
  • Community Services
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Founded info
2010
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
B21

B - Educational Institutions

Preschools

Separately organized preschools or nursery schools and/or kindergartens which provide foundation-level learning for children (usually age two through five and four and one half or five respectively) prior to entering the formal school setting.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
624410
Child Day Care Services
Targeted Clients info
  • At-Risk Youth
  • Children & Youth
  • K-12 Students
CRA Income Characteristics info
    This nonprofit has claimed its profile but has not yet provided this information.

CRA Alignment

CRA Category info
Community Services
Social services and other support for low- and moderate-income, homeless or at-risk individuals.
90.6%
Percent LMI Served info
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 info
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 info

    Not reported

CRA Income Characteristics info

    Not reported

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 info

    Not reported

CRA Income Characteristics info

    Not reported

Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$66.9M
Revenue
$63.4M
Assets
$68.8M

IRS Business Master File Details info

As of November 2022 Update
Exempt Ruling Date info
2010-09
Deductibility Status info
Deductible
Last Tax Filing info
2021
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
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 info

As of January 2023
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

Nonprofit Location

Physical Address info
13528 PRESTIGE PLACE
TAMPA, FL 33635
Hillsborough County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
45300
MSA/MD info
12
State info
057
County info
0144.00
Tract info
Upper
Income Level info
Core-Based Statistical Area info
45300 - Tampa-St. Petersburg-Clearwater, FL
Combined Statistical Area info
Not located in a CSA.
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 46.40%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info
Geographies Served info
  • AL - All Counties
  • FL - All Counties
  • GA - All Counties
  • NV - All Counties & Cities

Market Data

Census Tract County
0144.00 Hillsborough County
Population
Total Population 4,853 1,451,358
Total Households 1,951 539,919
Income
Median Family Income (Census*) $107,156 $60,566
Median Family Income (2022 FFIEC est.) $82,100 N/A
Tract Income Percentage 149.3% N/A
Below Poverty Level 5.2% 14.0%
Unemployment Level 2.2% 5.2%
Housing
Total Housing Units 2,245 590,714
Total Owner-Occupied Units 44.9% 59.3%
Total Renter-Occupied Units 42.0% 40.7%
Total Vacant Units 13.1% 7.6%
* Census tract income based on 2020 Census estimated data; County income based on 2020 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

5
Total Voting Members
in Governing Body info
4
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Kimberly Dyson CPA
Chief Executive Officer
(888) 707-2465
Principal Officer info
Kimberly Dyson CPA
findCRA Profile Owner
Kerri Vaughan
Managing Director
kerri@aaascholarships.org
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
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 Grand Audit Performed
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax 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 www.learncra.com.