Civic Intelligence

Private School Tuition Fund 123

990EZ • Fiscal year 2024 • EIN 81-5435928

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 04, 2025

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

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2024

Net Margin

5th percentile

-103%

Higher net margin than 5% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

89th percentile

$33,400

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 32.8% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

21st percentile

-25%

Faster asset growth than 21% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-53%

Faster revenue growth than 10% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$313,049

Down $104,949 (-25%) from 2023

Net Assets

Down

$313,049

Down $104,949 (-25%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$101,904

Down $113,088 (-53%) from 2023

Expenses

Down

$206,853

Down $338,936 (-62%) from 2023

Net Income

Up

-$104,949

Up $225,848 (+68%) from 2023

Historical Trend

Balance Sheet Trend

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

2024

Assets$313,049
Liabilities-
Net Assets$313,049

Operations Trend

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

2024

Revenue$101,904
Expenses$206,853
Net Income-$104,949
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 4, 2025
Return Version
2023v6.0
Gross Receipts
$101,904
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.

Program Services

DescriptionGrantsExpenses
Private School Tuition Fund 123 awards scholarships to students to help for tuition at approved private schools in accordance with the individual and corporate tax credit programs in the State of Arizona based on the applicants financial needs and the funds available for distributions. For the twelve month period ended June 30, 2024, Private School Tuition Funds 123 provided 43 scholarships to 11 private schools.$182,038$185,559
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TIFFANY SEIDEMANNPresident & CEOPT$33,400-$33,400
LEAH KELLEYDirector-$0--
RENA GARCIADirector-$0--
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Tiffany SeidemannPresident & CEODonated RentNo$6,000
Tiffany SeidemannPresident & CEODonated UtilitiesNo$1,620
Tiffany SeidemannPresident & CEODonated SuppliesNo$200
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
2025-02-04
Discuss with paid preparer
Yes

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

Grants and Similar Amounts Paid In Excess of $5,000.1

| Donee's Name: VARIOUS INDIVIDUALS | Donee's Address: 428 E THUNDERBIRD ROAD #130 PHOENIX AZ 85022 | Cash Amount Given: $183607

Other Expenses.1001

Advertising and Promotion $225

Other Expenses.1002

Office Expenses $5688

Other Expenses.1003

Information Technology $640

Other Assets.1005

Accounts Receivable - Beginning $6549 Accounts Receivable - Ending $0

Raw XML Appendix178 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0THE ORGANIZATION
IRS990EZ/BooksInCareOfDetail/PhoneNum06024668503
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0428 E THUNDERBIRD ROAD NO 130
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0PHOENIX
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AZ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd085022
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0411449
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0313049
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0101901
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-104949
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt016693
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0417998
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0313049
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt0183607
IRS990EZ/GrossReceiptsAmt0101904
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt03
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0417998
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0313049
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0417998
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0313049
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt033400
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0TIFFANY SEIDEMANN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1LEAH KELLEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2RENA GARCIA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President & CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt06549
IRS990EZ/OtherExpensesTotalAmt06553
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Private 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Private School Tuition Fund 123 awards scholarships to students to help for tuition at approved private schools in accordance with the individual and corporate tax credit programs in the State of Arizona based on the applicants financial needs and the funds available for distributions. For the twelve month period ended June 30, 2024, Private School Tuition Funds 123 provided 43 scholarships to 11 private schools.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0182038
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0185559
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0AZ
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0206853
IRS990EZ/TotalProgramServiceExpensesAmt0185559
IRS990EZ/TotalRevenueAmt0101904
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.pstf123.org
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0100330
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0214987
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0855053
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0216928
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0293938
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01681236
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt011
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt034
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt03
IRS990ScheduleA/OtherIncome170Grp/TotalAmt04
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.45630
IRS990ScheduleA/PublicSupportPY170Pct00.48500
IRS990ScheduleA/PublicSupportTotal170Amt0767111
IRS990ScheduleA/SubstantialContributorsTotAmt0914125
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0100330
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0214987
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0855053
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0216928
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0293938
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01681236
IRS990ScheduleA/TotalSupportAmt01681274
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Tiffany Seidemann
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1Tiffany Seidemann
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2Tiffany Seidemann
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0President & CEO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1President & CEO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2President & CEO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt06000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt11620
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt2200
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Donated Rent
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Donated Utilities
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2Donated Supplies
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/AssistancePurposeTxt0Scholarship Donation
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt02000
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm0Chelsie Seidemann
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt0Child of President
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt0Cash
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Sch L, Part III, Grants or Assistance Benefiting Interested Persons:(a) Name of Person: Chelsie Seidemann (b) Relationship Between Interested Person and Organization : Child of President(c) Amount of Transaction: $2,000(d) Type of Transaction: 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
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: VARIOUS INDIVIDUALS | Donee's Address: 428 E THUNDERBIRD ROAD #130 PHOENIX AZ 85022 | Cash Amount Given: $183607
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Advertising and Promotion $225
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Office Expenses $5688
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Information Technology $640
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Accounts Receivable - Beginning $6549 Accounts Receivable - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Assets.1005
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIFFANY SEIDEMANN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-04
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/IRSResponsiblePrtyInfoCurrInd0true
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
ReturnHeader/ReturnTs02025-02-04T06:30:47-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings