Aaa Scholarship Foundation INC
THE AAA SCHOLARSHIP FOUNDATION, INC. ("AAA") IS A GEORGIA NOT-FOR-PROFIT ORGANIZATION INCORPORATED MARCH 26, 2010. EFFECTIVE NOVEMBER 24, 2020, AAA EXPANDED ITS MISSION TO: 1) PROMOTING RELIEF TO THE POOR AND UNDERPRIVILEGED AND 2) PROMOTING THE ADVANCEMENT OF EDUCATION. PRIOR TO THAT, OUR MISSION WAS LIMITED TO PROVIDING ECONOMIC AND OTHER ASSISTANCE TO LOW-INCOME FAMILIES TO ENABLE THEM TO SELECT THE BEST SCHOOLS FOR THEIR CHILDREN. 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. DURING THE 2020-21 FISCAL YEAR, AAA WAS 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 ELI
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Organization Overview
Grants Given by Year
Grants Received by Year
This organization also receives grants. See Funding Received below for details.
IRS Classification Codes
Separately organized preschools or nursery schools and/or kindergartens which provide foundation-level learning for children (usually age two through five and four and one half or five respectively) prior to entering the formal school setting.
The National Taxonomy of Exempt Entities (NTEE) code is a four digit code used to classify an exempt IRC 501(c)(3) organization.
Subsection Codes are the codes shown under section 501(c) of the Internal Revenue Code of 1986 which define the category under which an organization may be exempt.
Asset Codes relate to the amount of assets shown on the most recent Form 990 series return filed by the organization.
Affiliation Code defines the organizational grouping.
Deductibility Code signifies whether contributions made to an organization are deductible.
Supplemental Information (2025)
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 EMAILED 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 TO THE SCHOOL. THE PARENT/GUARDIAN MUST APPROVED THE RELEASE OF THE DISBURSEMENT. IF THE SCHOLARSHIP IS BEING USED FOR EDUCATION-RELATED EXPENSES FOR A STUDENT WHO IS DISABLED AND/OR IS 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 THE TRANSFER OF NET ELIGIBLE CONTRIBUTIONS THAT ARE IN EXCESS OF 25 PERCENT OF NET ELIGIBLE CONTRIBUTIONS HELD ON JUNE 30TH OF EACH YEAR 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 85,000,000 TO AN ELIGIBLE NONPROFIT SCHOLARSHIP-FUNDING ORGANIZATION IN THE FORM OF A GRANT 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.
Source: IRS Form 990 Schedule I supplemental information.
Funding Received
Verified from IRS Form 990 Schedule I filings by this organization's funders - 2 grants from 1 funder, 2020-2021.
| Funder | Year | Amount | Purpose |
|---|---|---|---|
| AMAZONSMILE FOUNDATION | 2021 | $43 | GENERAL SUPPORT |
| AMAZONSMILE FOUNDATION | 2020 | $39 | GENERAL SUPPORT |