Mission Statement. Vision. Fiscal Year In Review. 192 S. Stone, Tucson, Arizona (520) or (520)

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1 2018 Fiscal Year In Review Mission Statement Arizona s Catholic Tuition Support Organization promotes education by providing tuition assistance to K-12 students in private schools using funds generated by the Arizona tax credit programs. Vision Education will be available, accessible, and affordable to children who want the opportunity to attend a private school. 192 S. Stone, Tucson, Arizona (520) or (520)

2 I am truly grateful to those who have redirected their tax liability to the Arizona s Catholic Tuition Support Organization (CTSO). Your support is providing our economically disadvantages students the necessary tuition aid needed to attend one of our schools. Our Catholic high schools educate many first-generation high school graduates who continue to college. Your investment in these students will have a tremendous impact on their future. Bishop Edward J. Weisenburger Dear Friend, We are deeply grateful for the support you have given to Arizona s Catholic Tuition Support Organization (CTSO). Everything we have accomplished is because of individuals like you, thank you! Our widely diverse community has the opportunity to educate their children in a school of their choice without limits placed upon them by their lack of financial resources or by the zip code in which they reside. Parents are securing the future for their children by seeking the education that will help those students succeed in the highly competitive workforce of today and in the future. Arizona s CTSO has accomplished its mission and exceeded its goals for the 2018 fiscal year. It has been a tremendously rewarding year with over $12 million dollars in scholarships funded and awarded to 6,300 students. We present to you the 2018 Fiscal Year in Review report with great satisfaction and appreciation for the support we have received. You are a blessing to us and to all the children who receive a scholarship from us! Sincerely, Marcy Euler Board President Gracie Quiroz Marum Executive Director

3 Income & Expenses for the 2017/2018 Fiscal Year Revenue Total Individual Tax Credit Contributions $ 6,831,269 Total Corporate Tax Credit Contributions $ 6,492,384 Total Tax Credit Contributions: $13,323,653 Other Contributions: $ 107,332 Investment Income: $ 170,081 Total CTSO Revenue: $13,501,066 CTSO Expenses 2018 $ 368,522 $151,610 Note: Revenue received in the 2017/2018 Fiscal year will be awarded in the 2018/2019 school year. 2017/2018 Expenses Scholarships $12,383,719 Scholarship Program Cost $ 156,842 Administrative Cost $ 151,610 Fundraising Cost $ 368,522 CTSO Annual Audit was conducted by BeachFleishman, CPA $12, 540,561 Scholarships /Program Cost Fundraising Cost Administrative Cost CTSO Tax Credit Program 2018 Funding Other Contributions $107,332 Total Individual Tax Credit Contributions $6,831,269 Investment Income $170,081 Total Corporate Tax Credit Contributions $6,492,384 CTSO Three-Year Operations Snapshot 1% 96% 1% 96% 2% 95% Scholarship Program Administrative Fundraising When we came here to escape South Sudan, CTSO gave me the chance to attend Salpointe Catholic High School where I ve been able to grow both my mind and my body. I now have scholarship offers to many excellent universities, including Stanford. The help I received from CTSO made it all possible. Majok Deng

4 SCHOOLS SUPPORTED BY CTSO Arizona s Catholic Tuition Support Organization awarded tuition to students with verified financial who attended the following schools: Summit School of Ahwatukee, Ahwatukee St. Anthony of Padua, Casa Grande Annunciation Catholic School, Cave Creek Cupertino, Cotton Wood Loretto School, Douglas Pieceful Solutions, Gilbert Our Lady of Perpetual Help, Glendale Lourdes Catholic Schools, Nogales Sacred Heart School, Nogales Bourgade High School, Phoenix St. Agnes Catholic School, Phoenix St. Jerome Catholic School, Phoenix St. Mary's Catholic High School, Phoenix Xavier College Preparatory, Phoenix St. Charles Mission School, San Carlos Our Lady of Perpetual Help, Scottsdale St. Anthony Catholic School, Show Low All Saints School, Sierra Vista St. Michael s Indian School, St. Michaels Casas Christian School, Tucson Castlehill Country Day School, Tucson Desert Christian School, Tucson Faith Community Academy, Tucson Greenfields School, Tucson Immaculate Heart Academy, Tucson Immaculate Heart High School, Tucson Intermountain Academy, Tucson Our Mother of Sorrows, Tucson Pusch Ridge Christian Academy, Tucson Ss. Peter & Paul School, Tucson Salpointe Catholic H.S., Tucson San Miguel H.S., Tucson Scholarship Highlights $ 12,383,719 in scholarships to 48 schools Over 6,371 scholarships awarded regardless of race, creed, gender and ethnicity, etc. Average scholarship awarded: $ 1944 San Xavier School, Tucson Santa Cruz School, Tucson St. Ambrose School, Tucson St. Augustine H.S., Tucson St. Cyril School, Tucson St. Elizabeth Ann Seton, Tucson St. John the Evangelist, Tucson St. Joseph School, Tucson St. Michael s School, Tucson The Gregory School, Tucson The Waldorf School, Tucson Immaculate Conception, Yuma St. Francis School, Yuma Yuma Catholic High School, Yuma Yuma Lutheran School, Yuma Arizona s Catholic Tuition Support Organization (CTSO)2016/2017 Board of Directors: Bishop Edward J. Weisenburger Bishop of Tucson Gracie Quiroz Marum, CEO Marcy Euler, President President of Pima College Foundation Robert Huber, Vice-President Huber CPA Firm Ed Eick, Treasurer Retired Business Executive Marcel Dabdoub, Secretary Business Developer Lynn Cuffari, Director St. Augustine High School Principal Rev. Patrick Crino, Director Pastor, Saints Peter & Paul Parish Sheri Dahl, Ex-Officio Superintendent of Catholic Schools Cathy Hutchens, Director Community Leader Robert J. Lloyd, Director Rusing, Lopez & Lizardi, PLLC Mark Pancrazi, Director Insurance Business Owner Bill Patient, Director Retired Business Executive Christina Ronstadt, Director Community Leader Staff: Julieta Gonzalez Scholarship and Outreach Manager Trisha Stanley Office Manager Bill Osteen Corporate Outreach

5 The Catholic Tuition Support Organization (CTSO) is advised by: Advisory Board: Bruce Beach Beach & Fleishman CPAs Jim Click Jim Click Automotive Ginny Clements Chairman of Golden Eagle Charlotte Harris Retired Professional Jim Naughton Naughton Plumbing Buck O Rielly Retired Business Man Jim Ronstadt Business Owner JoAnn Sayre Retired Educator Kay Sullivan President of Salpointe Catholic High School The Diocese of Tucson Catholic schools continue the tradition of emphasizing strong academics. This is supported by quality teaching methods and a rigorous curriculum, including state of the art technology assisted learning. Our schools are fully accredited, and hold membership in the National Catholic Education Association. What Our Schools Have to Say Yuma Catholic High School A Yuma Catholic education prepares students for college and is an important foundation for future success. With the support of the CTSO individual and corporate tax credit programs, we are able to make the dream of a small campus, college focused high school curriculum a reality in Yuma. Making Yuma Catholic High School s first-rate educational experience affordable to everyone is a priority for our administration. Thank you to the generous tax credit donors. Families helping families is what makes the Yuma Catholic High School Community so strong. Our traditions never graduate, but our students do! Rhett Stallworth, Yuma School Principal St. Ambrose Catholic School The CTSO tax credit program has helped so many families at St. Ambrose Catholic School. We have an amazing community, and without this assistance, many of our families would not be able to bring their children to experience all the great things St. Ambrose has to offer! We are truly blessed to have the many individuals that contribute to CTSO, and we hope their generosity continues for years to come. It is with the help of these CTSO contributors that we are able to reach the lives of so many children in such a meaningful way. Roseanne Villanueva We transferred to St. Ambrose School because public school was not a good match for us. Here, my son feels safe, encouraged and confident. We are grateful for the full integration of faith, community service and values into a rigid academic program. Thank you, CTSO, because without you my son would not have this amazing opportunity. Kendra Green Diocese of Tucson Catholic High Schools 99% 98% Graduation Rate College Bound

6 ARIZONA S CTSO PO Box 31 Tucson, Arizona Nonprofit Org. U.S. Postage PAID Tucson, AZ Permit 1078 White/Caucasian, 12% Other, Multi-racial, 7% Black/African American, 2% American Indian/ Native Alaskan, 7% Asian, 2% Hispanic, 68% Diocese of Tucson Schools: Ethnicity of Students Receiving Aid Arizona s Catholic Tuition Support Organization (CTSO) is committed to securing the growth and future of Catholic Education. If you are interested in making a planned gift or special gift to Catholic education, please call Gracie Quiroz Marum, CEO at (520)