COMMUNITY REINVESTMENT LOW INCOME BASED SCHOLARSHIPS INC
PHOENIX, AZ | Maricopa County
Community Services
Overview
COMMUNITY REINVESTMENT LOW INCOME BASED SCHOLARSHIPS INC
92-2109451
1819 N 45TH ST
PHOENIX, AZ 85008
Maricopa County
PHOENIX, AZ 85008
Maricopa County
(347) 742-4840
carly@lowincomebasedscholarships.com
Mission Statement
COMMUNITY REINVESTMENT: LOW INCOME BASED SCHOLARSHIPS FUNDS TUITION FOR STUDENTS K-12 IN ARIZONA'S PRIVATE SCHOOLS ON THE BASIS OF NEED. WE AIM TO CREATE THE MOST OPPORTUNITY FOR INDIVIDUALS ON THE BASIS OF NEED AND DO GOOD WORK.
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
2023
Total Employees
2
Total Volunteers
5
Nonprofit Classification (NTEE Code)
B82
B - Educational Institutions
Scholarships & Student Financial Aid
Organizations that enable students who demonstrate financial need to obtain the financial assistance they require to meet their educational and living expenses while in school.
IRS Activity Codes
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code)
813410
Civic and Social Organizations
Targeted Clients
- Abused or Neglected Children
- At-Risk Youth
- Children & Youth
- Disabled
- Economically Disadvantaged
- K-12 Students
- Families
- Foster Youth
CRA Income Characteristics
- Low-Income
CRA Alignment
CRA Category
Community Services
Social services and other support for low- and moderate-income, homeless or at-risk individuals.
100%
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
Full Arizona tax deduction donations toward scholarships
Household income must meet the states free & reduced lunch program (or equivalent) guidelines in order to be eligible to receive funding. Tuition is issued directly to the private institution where student is enrolled. Donor may choose the schools, counties, and causes that meet the goals of their company. This is the ONLY dollar-for-dollar, full tax write off available against a C-Corp's tax liability. Our organization works hand in hand with the Arizona Department of Revenue, there will be instructions and a letter provided by ADOR while working through the donation process.
Targeted Clients
- Abused or Neglected Children
- At-Risk Youth
- Children & Youth
- Disabled
- Economically Disadvantaged
- K-12 Students
- Families
CRA Income Characteristics
- Low-Income
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
-
Revenue
-
Assets
-
Not reported by IRS.
The income, revenue, and assets information was not included on this nonprofit's most recent tax filing or the nonprofit has not yet filed its first tax return.
IRS Business Master File Details
As of July 2023
Exempt Ruling Date
2023-02
Deductibility Status
Deductible
Last Tax Filing
Not required to file by IRS
Organization Type
Corporation
Organization Tax Filing Status
990 - Required to file Form 990-N - Income less than $25,000 per year
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 July 2023
Verified in Publication 78
Yes
Deductibility Limitation
50% (60% for cash contributions)
Organization Description
A public charity
Nonprofit Location
Physical Address
1819 N 45TH ST
PHOENIX, AZ 85008
Maricopa County
PHOENIX, AZ 85008
Maricopa County
Area Type
Metropolitan Statistical Area
FIPS Geocoded Address
38060
MSA/MD
04
State
013
County
1113.00
Tract
Moderate
Income Level
Core-Based Statistical Area
38060 - Phoenix-Mesa-Chandler, AZ
Combined Statistical Area
429 - Phoenix-Mesa, AZ
Metropolitan Division
Not located in an MD.
Located In
Low- or Moderate-Income Census Tract
Opportunity Zone
Majority Minority Census Tract
54.87%
FFIEC Designated Distressed Census Tract
FFIEC Underserved Census Tract
Geographies Served
- AZ - All Counties
Market Data
Census Tract | County | |
---|---|---|
1113.00 | Maricopa County | |
Population | ||
Total Population | 5,590 | 4,367,186 |
Total Households | 2,439 | 1,632,151 |
Income | ||
Median Family Income (Census*) | $57,757 | $72,944 |
Median Family Income (2022 FFIEC est.) | $88,800 | $88,800 |
Tract Income Percentage | 73.17% | N/A |
Below Poverty Level | 9.4% | 12.0% |
Unemployment Level | 3.9% | 5.0% |
Housing | ||
Total Housing Units | 2,547 | 1,794,248 |
Total Owner-Occupied Units | 37.5% | 63.8% |
Total Renter-Occupied Units | 58.2% | 36.2% |
Total Vacant Units | 4.2% | 5.8% |
* Census tract income based on 2020 Census estimated data; County income based on 2021 American Community Survey data.
Management
Not reported
Total Voting Members
in Governing Body
in Governing Body
Not reported
Independent Voting Members
in Governing Body
in Governing Body
Tax Filing Signatory
Not reported by nonprofit.
Principal Officer
Not reported by nonprofit.
findCRA Profile Owner
Carlyn Bodmer
Executive Director / President
carly@lowincomebasedscholarships.com
Executive Director / President
carly@lowincomebasedscholarships.com
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 Grand 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
"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 help.findcra.com.

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