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Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990.
lBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2020
Open to Public
Inspection
Name of the organization
AAA SCHOLARSHIP FOUNDATION INC
 
Employer identification number
27-2559468
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient
that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government
(b) EIN (c) IRC section
(if applicable)
(d) Amount of cash grant (e) Amount of non-cash
assistance
(f) Method of valuation
(book, FMV, appraisal,
other)
(g) Description of
noncash assistance
(h) Purpose of grant
or assistance
(1) STEP UP FOR STUDENTS
PO BOX 54429
JACKSONVILLE,FL32245
59-3649371 501C3 37,908,881       FL SCHOLARSHIPS
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
1
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2020
Page 2

Schedule I (Form 990) 2020
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Number of
recipients
(c) Amount of
cash grant
(d) Amount of
noncash assistance
(e) Method of valuation (book,
FMV, appraisal, other)
(f) Description of noncash assistance
(1) SCHOLARSHIPS 7348 34,211,950      
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Part IV
Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.
Return Reference Explanation
SCHEDULE I, PAGE 1, PART I, LINE 2 INDIVIDUALS: IN ORDER TO PROVE THEIR ELIGIBILITY, HOUSEHOLDS MUST COMPLETE AAA'S APPLICATION AND PROVIDE SUPPORTING DOCUMENTATION BY THE STATED DEADLINE. THE HOUSEHOLD MUST MEET BOTH THE STATE AND AAA'S REQUIREMENTS IN ORDER TO BE DETERMINED ELIGIBLE. ONCE PROCESSING OF AN APPLICATION IS COMPLETE, A DETERMINATION LETTER IS MAILED TO THE ADDRESS ON FILE. THOSE WHO ARE DETERMINED ELIGIBLE WILL RECEIVE A SCHOLARSHIP AWARD LETTER. THOSE DETERMINED INELIGIBLE WILL RECEIVE A DENIAL LETTER. THE USE OF A SCHOLARSHIP CANNOT BE POSTPONED. IF THE HOUSEHOLD IS USING THE SCHOLARSHIP FOR ELIGIBLE EXPENSES RELATED TO A PRIVATE SCHOOL, THEY MUST ENROLL THE STUDENT INTO AN ELIGIBLE PRIVATE SCHOOL AS SOON AS THEY RECEIVE A SCHOLARSHIP AWARD LETTER. FOUR TIMES DURING THE SCHOOL YEAR, AAA SENDS THE SCHOOL A VERIFICATION FORM TO ASCERTAIN WHETHER THE STUDENT REMAINS ENROLLED AND IS CURRENT ON ANY FUNDS PERSONALLY OWED TO THE SCHOOL. IF THE VERIFICATION REPORT IS RETURNED TO AAA BY THE DEADLINE, AAA THEN DISBURSES ONE QUARTER OF THE SCHOLARSHIP AWARD IN THE FORM OF A CHECK MAILED DIRECTLY TO THE SCHOOL. THE PARENT/GUARDIAN MUST RESTRICTIVELY ENDORSE THE CHECK OVER TO THE SCHOOL BEFORE IT CAN BE DEPOSITED. IF THE SCHOLARSHIP IS BEING USED FOR EDUCATION-RELATED EXPENSES FOR A STUDENT WHO IS DISABLED AND BEING HOME-SCHOOLED, THE PARENT/GUARDIAN MUST SUBMIT A WRITTEN REQUEST FOR PAYMENT (INCLUDING SUPPORTING DOCUMENTS) FOR APPROVAL BEFORE A SCHOLARSHIP PAYMENT IS DISBURSED. ORGANIZATIONS: FLORIDA LAW REQUIRES THAT NET ELIGIBLE CONTRIBUTIONS REMAINING ON SEPTEMBER 30TH OF EACH YEAR THAT ARE IN EXCESS OF 25 PERCENT OF NET ELIGIBLE CONTRIBUTIONS HELD ON THE PRIOR JUNE 30TH TO BE TRANSFERRED TO OTHER ELIGIBLE NONPROFIT SCHOLARSHIP-FUNDING ORGANIZATIONS TO PROVIDE SCHOLARSHIPS FOR ELIGIBLE STUDENTS. IN ORDER TO COMPLY WITH FLORIDA LAW, AAA TRANSFERRED A TOTAL OF 37,908,881 TO AN ELIGIBLE NONPROFIT SCHOLARSHIP-FUNDING ORGANIZATION IN THE FORM OF GRANTS DURING THE FISCAL YEAR. BY ACCEPTING THE FUNDS, THE GRANTEE AGREED AND CONFIRMED THAT IT: 1) IS IN FULL COMPLIANCE WITH FLORIDA'S SOLICITATION OF CONTRIBUTIONS ACT, AND 2) IS IN FULL COMPLIANCE WITH BOTH THE STATUTE AND RULES GOVERNING THE PROGRAM, AND 3) IS LEGALLY ELIGIBLE TO ACCEPT THE GRANT, AND 4) WILL DEPOSIT THESE FUNDS INTO ITS PROGRAM SCHOLARSHIP ACCOUNT, AND 5) WILL SEPARATELY DISCLOSE THE AMOUNT RECEIVED IN ITS ANNUAL FINANCIAL AUDIT.
Schedule I (Form 990) 2020



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