Civic Intelligence

Private School Tuition Fund 123

990 • Fiscal year 2022 • EIN 81-5435928

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 23, 2023

Organization Profilewww.pstf123.org
428 E Thunderbird Road 130Phoenix, AZ 85022

(602) 466-8503

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

31st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

91st percentile

56%

Higher net margin than 91% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

55th percentile

$5,000

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

96th percentile

175%

Faster asset growth than 96% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

96th percentile

294%

Faster revenue growth than 96% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$748,795

Up $476,686 (+175%) from 2021

Net Assets

Up

$748,795

Up $476,686 (+175%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin91st percentile

Revenue

Up

$855,058

Up $638,125 (+294%) from 2021

Expenses

Up

$378,372

Up $241,272 (+176%) from 2021

Net Income

Up

$476,686

Up $396,853 (+497%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2018: $94,707Liabilities 2018: $02018Assets 2020: $192,276Liabilities 2020: $0Net Assets 2020: $192,2762020Assets 2021: $272,109Liabilities 2021: $0Net Assets 2021: $272,1092021Assets 2022: $748,795Liabilities 2022: $0Net Assets 2022: $748,7952022Assets 2023: $417,998Liabilities 2023: $0Net Assets 2023: $417,9982023Assets 2024: $313,049Net Assets 2024: $313,0492024Assets 2025: $479,386Liabilities 2025: $40,176Net Assets 2025: $439,2102025

Highlighted filing

2022

Assets$748,795
Liabilities$0
Net Assets$748,795
Open 2022 Filing

Operations Trend

Revenue Growth96th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2018: $97,255Expenses 2018: $138,594Net Income 2018: -$41,3392018Revenue 2020: $293,949Expenses 2020: $226,164Net Income 2020: $67,7852020Revenue 2021: $216,933Expenses 2021: $137,100Net Income 2021: $79,8332021Revenue 2022: $855,058Expenses 2022: $378,372Net Income 2022: $476,6862022Revenue 2023: $214,992Expenses 2023: $545,789Net Income 2023: -$330,7972023Revenue 2024: $101,904Expenses 2024: $206,853Net Income 2024: -$104,9492024Revenue 2025: $382,349Expenses 2025: $256,188Net Income 2025: $126,1612025

Highlighted filing

2022

Revenue$855,058
Expenses$378,372
Net Income$476,686
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 23, 2023
Return Version
2021v4.1
Gross Receipts
$855,058
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$245,611$718,934▲ $473,323
Savings and Temporary Cash Investments$26,498$26,503▲ $5
Accounts Receivable-$3,358-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$272,109$748,795▲ $476,686
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$264,760$710,242▲ $445,482
Net Assets Without Donor Restrictions$7,349$38,553▲ $31,204
Total Net Assets Fund Balance$272,109$748,795▲ $476,686
Total Liabilities and Net Assets / Fund Balance$272,109$748,795▲ $476,686
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tiffany SeidemannPresident & CEOPT$5,000$5,000

Board Members and Trustees

NameTitle
Leah KelleyDirector
Rena GarciaDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$855,053
Program Service Revenue
$0
Investment Income
$5
Other Revenue
$0
All Other Contributions
$855,053
Change in Net Assets
$476,686
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$319,249
Other Expenses$35,623
Salaries, Compensation, and Employee Benefits$23,500
Total Fundraising Expense$22,215
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$319,249--$319,249
Current Officers, Directors, Trustees, and Key Employees$10,575$2,350$10,575$23,500
Fees for Services Other$7,425$1,650$7,425$16,500
Fees for Services Accounting-$12,240-$12,240
Advertising--$3,867$3,867
Office Expenses$349$1,679$348$2,376
Information Technology-$640-$640
Total Functional Expenses$337,598$18,559$22,215$378,372
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Kara SeidemannChild of Pres.Administrative ServicesNo$8,500
Chelsie SeidemannChild of Pres.Administrative ServicesNo$8,000
Tiffany SeidemannPresident & CEODonated RentNo$6,000
Tiffany SeidemannPresident & CEODonated UtilitiesNo$1,620
Tiffany SeidemannPresident & CEODonated SuppliesNo$200

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“The Organization pays the President's daughters, Kara and Chelsie Seidemann for services to the organization. Both were issued 1099s for these services.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The president of the organization reviews the 990 before it is filed.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Private School Tuition Fund 123
EIN
81-5435928
Phone
6024668503
Address
428 E THUNDERBIRD ROAD 130, PHOENIX, AZ 85022

Signing Officer

Name
Tiffany Seidemann
Title
President & CEO
Signed
2023-02-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tiffany Seidemann
Formed
2016
Legal Domicile
Az
Voting Board Members
3
Independent Board Members
2
Employees
0

Preparer

Firm
Haynie & Company
Address
1785 WEST 2300 SOUTH, SALT LAKE CITY, UT 84119
Preparer
Cynthia J Williams CFE EA
Phone
8019724800
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

“The organization made no changes to its review oversight or selection process during the fiscal year covered by this return.”

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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt16
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt285
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Applications submitted and reviewed for eligibility for scholarships.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Additional Supplemental Information
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Tiffany Seidemann
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1Tiffany Seidemann
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2Tiffany Seidemann
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3Chelsie Seidemann
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm4Kara Seidemann
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0President & CEO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1President & CEO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2President & CEO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3Child of Pres.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4Child of Pres.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd4false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt06000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt11620
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt2200
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt38000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt48500
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Donated Rent
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Donated Utilities
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2Donated Supplies
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3Administrative Services
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc4Administrative Services
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/AssistancePurposeTxt0Tuition Assistance
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/AssistancePurposeTxt1Tuition Assistance
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt0960
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt1960
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm0Chelsie Seidemann
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm1Kara Seidemann
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt0Child of President
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt1Child of President
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt0Scholarship
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt1Scholarship
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Sch L, Part III, Grants or Assistance Benefitting Interested Persons:(a) Name of Person: Chelsie Seidemann(b) Relationship Between Interested Person and Organization: Child of President/CEO(c) Amount of Grant: $959.50(d) Type of Assistance: Scholarship(a) Name of Person: Kara Seidemann(b) Relationship Between Interested Person and Organization: Child of President/CEO(c) Amount of Grant: $959.50(d) Type of Assistance: ScholarshipSch L, Part IV, Business Transactions Involving Interested Persons:(a) Name of Person: Tiffany Seidemann(b) Relationship Between Interested Person and Organization: President/CEO(c) Amount of Transaction: $7,820(d) Type of Transaction: Donated Rent, Utilities, and Supplies excluded from 990(a) Name of Person: Chelsie Seidemann(b) Relationship Between Interested Person and Organization: Child of President/CEO(c) Amount of Transaction: $8,000(d) Type of Transaction: Administrative Services(a) Name of Person: Kara Seidemann(b) Relationship Between Interested Person and Organization: Child of President/CEO(c) Amount of Transaction: $8,500(d) Type of Transaction: Administrative ServicesSch L, Part IV, Business Transactions Involving Interested Persons:(a) Name of Person: Tiffany Seidemann(d) Description of Transaction: Donated Rent (excluded for 990 purposes)(a) Name of Person: Tiffany Seidemann(d) Description of Transaction: Donated Utilities (excluded for 990 purposes)(a) Name of Person: Tiffany Seidemann(d) Description of Transaction: Donated Supplies (excluded for 990 purposes)
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization pays the President's daughters, Kara and Chelsie Seidemann for services to the organization. Both were issued 1099s for these services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The president of the organization reviews the 990 before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization made no changes to its review oversight or selection process during the fiscal year covered by this return.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XII, Line 2: Change of Oversight or Selection Process
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0AZ
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0272109
IRS990/TotalAssetsEOYAmt0748795
IRS990/TotalAssetsGrp/BOYAmt0272109
IRS990/TotalAssetsGrp/EOYAmt0748795
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0855053
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt022215
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018559
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0337598
IRS990/TotalFunctionalExpensesGrp/TotalAmt0378372
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0272109
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0748795
IRS990/TotalProgramServiceExpensesAmt0337598
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt05000
IRS990/TotalRevenueGrp/ExclusionAmt05
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0855058
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0272109
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0748795
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0428 E THUNDERBIRD ROAD 130
IRS990/USAddress/CityNm0PHOENIX
IRS990/USAddress/StateAbbreviationCd0AZ
IRS990/USAddress/ZIPCd085022
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0www.pstf123.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIFFANY SEIDEMANN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRIVATE SCHOOL TUITION FUND 123
ReturnHeader/Filer/BusinessNameControlTxt0PRIV
ReturnHeader/Filer/EIN0815435928
ReturnHeader/Filer/PhoneNum06024668503
ReturnHeader/Filer/USAddress/AddressLine1Txt0428 E THUNDERBIRD ROAD 130
ReturnHeader/Filer/USAddress/CityNm0PHOENIX
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd085022
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0870325228
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HAYNIE & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01785 WEST 2300 SOUTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALT LAKE CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd084119
ReturnHeader/PreparerPersonGrp/PhoneNum08019724800
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cynthia J Williams CFE EA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$748,795
Liabilities
$0
Net assets
$748,795
Revenue
$855,058
Expenses
$378,372
Net income
$476,686
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.79$0.40$4.39$3.82$2.56$1.26
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.13$3.13$1.02$2.07$1.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.18$0.00$4.18$2.15$5.46$3.31
2022Detailed filing. Detailed filing data is available for this year.$7.49$0.00$7.49$8.55$3.78$4.77
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.72$0.00$2.72$2.17$1.37$0.80
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.92$0.00$1.92$2.94$2.26$0.68
2018Summary only. Only limited summary data is available for this year.$0.95$0.00$0.97$1.39$0.41