FORM 990 - ORGANIZATION'S MISSION |
AAA SCHOLARSHIP FOUNDATION, INC. ("AAA") IS A GEORGIA NOT-FOR-PROFIT ORGANIZATION INCORPORATED MARCH 26, 2010. AAA'S MISSION IS TO: 1) PROMOTE RELIEF TO THE POOR AND UNDERPRIVILEGED AND 2) PROMOTE THE ADVANCEMENT OF EDUCATION. WE CARRY-OUT OUR MISSION BY ADMINISTERING VARIOUS LEGISLATIVELY- AUTHORIZED SCHOLARSHIP PROGRAMS THAT HELP ENSURE ECONOMICALLY-DISADVANTAGED FAMILIES AND FAMILIES OF CHILDREN WITH DISABILITIES HAVE EQUAL ACCESS TO THE CUSTOMIZED LEARNING OPTIONS THEY NEED TO EFFECTIVELY EDUCATE THEIR CHILDREN. AAA IS AN APPROVED SCHOLARSHIP ORGANIZATION (SO) IN GEORGIA, ARIZONA, FLORIDA, AND NEVADA. AS AN SO, AAA MAY RECEIVE RE-DIRECTED STATE TAXES FROM INDIVIDUAL AND CORPORATE TAXPAYERS. THESE RE-DIRECTED FUNDS ARE THEN DISTRIBUTED TO ELIGIBLE STUDENTS IN THE FORM OF SCHOLARSHIPS (UP TO GRADE 12) SO THEY MAY ACCESS THE EDUCATIONAL ENVIRONMENTS THAT BEST FIT THEIR LEARNING NEEDS. AAA UNDERSTANDS THAT FAMILIES FIGHTING GENERATIONAL POVERTY SEE EDUCATION AS THE SUREST MEANS TO UPWARD MOBILITY. AAA SCHOLARSHIPS HELP SUPPORT THE INDIVIDUAL EFFORTS OF THESE FAMILIES BY REMOVING MANY OF THE FINANCIAL BARRIERS THESE PARENTS FACE AS THEY SEEK THE BEST EDUCATIONAL SETTINGS FOR THEIR CHILDREN. |
FORM 990, PAGE 6, PART VI, LINE 11B |
A DRAFT OF THE FORM 990 IS EMAILED TO EACH DIRECTOR, WHO IS ASKED TO REPLY WITH HIS/HER APPROVAL WITHIN A SPECIFIED TIME PERIOD. |
FORM 990, PAGE 6, PART VI, LINE 12C |
A CONFLICT OF INTEREST STATEMENT IS SIGNED ANNUALLY BY OFFICERS, DIRECTORS AND KEY EMPLOYEES. |
FORM 990, PAGE 6, PART VI, LINE 15A |
THE CEOS SALARY IS APPROVED BY THE BOARD OF DIRECTORS. AAA PURCHASES CANDID'S GUIDESTAR COMPENSATION SURVEY EACH YEAR TO USE FOR COMPARABILITY WHEN DETERMINING TOP MANAGEMENT OFFICIAL'S SALARY. |
FORM 990, PAGE 6, PART VI, LINE 15B |
OTHER OFFICERS AND KEY EMPLOYEES SALARIES ARE DETERMINED BY THE CEO. AAA PURCHASES CANDID'S GUIDESTAR COMPENSATION SURVEY EACH YEAR TO USE FOR COMPARABILITY WHEN DETERMINING TOP MANAGEMENT OFFICIAL'S SALARIES. |
FORM 990, PAGE 6, PART VI, LINE 17 |
MICHIGAN, MINNESOTA, MISSOURI, MISSISSIPPI, NORTH CAROLINA, NEW HAMPSHIRE, NEW JERSEY, NEW YORK, OHIO, OKLAHOMA, OREGON, PENNSYLVANIA, SOUTH CAROLINA, TENNESSEE, UTAH, VIRGINIA, WASHINGTON, WISCONSIN |
FORM 990, PAGE 6, PART VI, LINE 19 |
GOVERNING DOCUMENTS ARE AVAILABLE ON THE GEORGIA DEPARTMENT OF CORPORATIONS WEBSITE AND UPON REQUEST. |
FORM 990, PART XI, LINE 9 |
BOOK / TAX DEPRECIATION DIFFERENCE -93,700 |