Higher Education Sto Inc

Nonprofit profile at a glance

EIN
274665981
IRS 990-EZ coverage
2013–2015
Forms available
Form 990-EZ 2015, Form 990-N 2012
Location
Mesa, AZ, USA
Phone
4806580665
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$80,779
Expenses
$104,639
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • GANEEN HARSTICK (CHIEF EXECUTIVE OFFICER)

People named in this filing

  • GANEEN HARSTICK (CHIEF EXECUTIVE OFFICER)
  • GANICE COOK (DIRECTOR (UNTIL JUNE 2016))
  • JIM HERSEY (DIRECTOR (UNTIL JUNE 2016))

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Higher education sto, inc. Is a school tuition organization developed under the guidelines provided in the Arizona private school tuition tax credit law of 1997 as amended in 2010 and 2012. The organization was founded in december 2010 to provide scholarships to qualified students attending private schools in the state of Arizona. The organization's mission is to assist students in receiving scholarships and grants funded by individuals or corporations under Arizona law.

What it reported doing in 2015

To assist students in receiving scholarships and grants funded by individuals or corporations under Arizona law. In 2015-2016, 56 scholarships were awarded for a total of $91,259.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 96
  • Transparency & Controls: 82
  • Sustainability: 15
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 88.3%; rating input score 88

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -29.5%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: -12% per year; rating input score 0; 29th percentile among comparable filings
  • Revenue growth: -26.5% per year; rating input score 0; 14th percentile among comparable filings
  • Asset growth: -81.7% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 88.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $92K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2013 to 2015
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Sustainability: Operating margin scored 16/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.