COMMUNITY REINVESTMENT LOW INCOME BASED SCHOLARSHIPS INC

PHOENIX, AZ | Maricopa County
Community Services
COMMUNITY REINVESTMENT LOW INCOME BASED SCHOLARSHIPS 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

COMMUNITY REINVESTMENT LOW INCOME BASED SCHOLARSHIPS INC
92-2109451
1819 N 45TH ST
PHOENIX, AZ 85008
Maricopa County
(347) 742-4840

carly@lowincomebasedscholarships.com
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Mission Statement info

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 info
  • Community Services
Nonprofit location info
  • LMI Census Tract
  • Majority Minority Census Tract
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Founded info
2023
Total Employees info
2
Total Volunteers info
5
Nonprofit Classification (NTEE Code) info
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 info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations
Targeted Clients info
  • Abused or Neglected Children
  • At-Risk Youth
  • Children & Youth
  • Disabled
  • Economically Disadvantaged
  • K-12 Students
  • Families
  • Foster Youth
CRA Income Characteristics info
  • Low-Income

CRA Alignment

CRA Category info
Community Services
Social services and other support for low- and moderate-income, homeless or at-risk individuals.
100%
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
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 info
  • Abused or Neglected Children
  • At-Risk Youth
  • Children & Youth
  • Disabled
  • Economically Disadvantaged
  • K-12 Students
  • Families
CRA Income Characteristics info
  • Low-Income
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
$0
Revenue
$0
Assets
$0

IRS Business Master File Details info

As of March 2025
Exempt Ruling Date info
2023-02
Deductibility Status info
Deductible
Last Tax Filing info
2025
Organization Type info
Corporation
Organization Tax Filing Status info
990 - Required to file Form 990-N - Income less than $25,000 per year
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 March 2025
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

IRS Form 990 Returns info

Through December 2024
No IRS 990 returns are available for this nonprofit.

Nonprofit Location

Physical Address info
1819 N 45TH ST
PHOENIX, AZ 85008
Maricopa County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
38060
MSA/MD info
04
State info
013
County info
1113.00
Tract info
Moderate
Income Level info
Core-Based Statistical Area info
38060 - Phoenix-Mesa-Chandler, AZ
Combined Statistical Area info
429 - Phoenix-Mesa, AZ
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 54.87%
FFIEC Distressed Census Tract info
FFIEC Underserved Census Tract info
Geographies Served info
  • AZ - All Counties

Market Data

Census Tract County
1113.00 Maricopa County
Population
Total Population 5,590 4,491,987
Total Households 2,439 1,697,342
Income
Median Income* $57,757 $85,518
Median Family Income (2024 FFIEC est.) $101,300 $99,000
Tract Income Percentage 73.17% N/A
Below Poverty Level 9.4% 11.3%
Unemployment Level 3.9% 4.6%
Housing
Total Housing Units 2,547 1,850,862
Total Owner-Occupied Units 37.5% 65.0%
Total Renter-Occupied Units 58.2% 35.0%
Total Vacant Units 4.2% 6.3%
* 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.
View more than 200 performance context data points for this county now.

Management

Not reported
Total Voting Members
in Governing Body info
Not reported
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Not reported by nonprofit.
Principal Officer info
Not reported by nonprofit.
findCRA Profile Owner
Carlyn Bodmer
Executive Director / President
carly@lowincomebasedscholarships.com
Key Policies & Documents info
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 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
Organization Activities info
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 not available as the nonprofit did not e-file their tax return. As such, the hyphens (“-“) in this section indicate that the information was not available.

PDFs of this nonprofit's tax filings are included in the IRS Summary section above, when available from the IRS.

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.