Florida Tax Creditfldoe.org/core/fileparse.php/7558/urlt/FTC-Feb-2020-Q-Report.pdf · Florida Tax...

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Florida Tax Credit Scholarship Program February 2020 Quarterly Report The Florida Tax Credit (FTC) Scholarship Program was established in 2001 to encourage private, voluntary contributions from corporate donors to non-profit scholarship funding organizations (SFOs) that award scholarships to children from low-income families. Two Scholarship Funding Organizations (SFOs) are approved to participate for the 2019-20 school year. A corporation can receive a dollar-for-dollar tax credit up to 100% of its state income tax liability. The program also includes credits against the insurance premium tax for contributions to eligible non-profit SFOs, credits against severance taxes on oil and gas production, self-accrued sales tax liabilities of direct pay permit holders, and alcoholic beverage taxes on beer, wine, and spirits. The maximum amount the state may award is $873 million in credits for the 2019-20 fiscal year. This program expands educational opportunities and school choice for children of families that have limited financial resources. This report contains private school and student statistics for the September 2019, November 2019, and February 2020 payment periods of the 2019-20 school year. Percentages are rounded. The next quarterly report will be available: August 2020 Office of Phone: (850) 245-0502 Independent Education Toll-free Hotline: 1(800) 447-1636 and Parental Choice www.floridaschoolchoice.org

Transcript of Florida Tax Creditfldoe.org/core/fileparse.php/7558/urlt/FTC-Feb-2020-Q-Report.pdf · Florida Tax...

Page 1: Florida Tax Creditfldoe.org/core/fileparse.php/7558/urlt/FTC-Feb-2020-Q-Report.pdf · Florida Tax Credit Scholarship Program February 2020 Quarterly Report The Florida Tax Credit

Florida Tax Credit Scholarship Program

February 2020 Quarterly Report

The Florida Tax Credit (FTC) Scholarship Program was established in 2001 to encourage private, voluntary contributions from corporate donors to non-profit scholarship funding organizations (SFOs) that award scholarships to children from low-income families. Two Scholarship Funding Organizations (SFOs) are approved to participate for the 2019-20 school year. A corporation can receive a dollar-for-dollar tax credit up to 100% of its state income tax liability. The program also includes credits against the insurance premium tax for contributions to eligible non-profit SFOs, credits against severance taxes on oil and gas production, self-accrued sales tax liabilities of direct pay permit holders, and alcoholic beverage taxes on beer, wine, and spirits. The maximum amount the state may award is $873 million in credits for the 2019-20 fiscal year. This program expands educational opportunities and school choice for children of families that have limited financial resources.

This report contains private school and student statistics for the September 2019, November 2019, and February 2020 payment periods of the 2019-20 school year. Percentages are rounded.

The next quarterly report will be available: August 2020

Office of Phone: (850) 245-0502 Independent Education Toll-free Hotline: 1(800) 447-1636

and Parental Choice www.floridaschoolchoice.org

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19,249 4 0.00% 0.00%

45,445 10 0.01% 0.01%

20,161 5 0.00% 0.00%

FTC Student Participation and Funding by District DISTRICTID DISTRICT NAME STUDENTS STU% TOTAL FUNDED FUND%

1 ALACHUA 1,009 0.92% 4,437,602 0.88% 2 BAKER 104 0.09% 472,040 0.09% 3 BAY 160 0.15% 714,408 0.14% 4 BRADFORD 176 0.16% 725,869 0.14%

BREVARD 2,611 2.38% 11,803,308 2.34% 6 BROWARD 10,511 9.58% 48,392,151 9.60% 7 CALHOUN 8 CHARLOTTE 434 0.40% 2,002,567 0.40% 9 CITRUS 614 0.56% 2,752,661 0.55%

CLAY 555 0.51% 2,587,498 0.51% 11 COLLIER 515 0.47% 2,565,217 0.51% 12 COLUMBIA 581 0.53% 2,578,129 0.51% 13 DADE 25,185 22.95% 120,192,645 23.84% 14 DESOTO 98 0.09% 435,009 0.09%

DIXIE 76 0.07% 332,428 0.07% 16 DUVAL 8,408 7.66% 38,530,225 7.64% 17 ESCAMBIA 2,118 1.93% 9,258,592 1.84% 18 FLAGLER 522 0.48% 2,405,789 0.48% 19 FRANKLIN 35 0.03% 98,356 0.02%

GADSDEN 464 0.42% 2,246,328 0.45% 21 GILCHRIST 68 0.06% 308,811 0.06% 22 GLADES 31 0.03% 148,221 0.03% 23 GULF 32 0.03% 116,058 0.02% 24 HAMILTON 120 0.11% 582,637 0.12%

HARDEE 43 0.04% 193,672 0.04% 26 HENDRY 278 0.25% 1,305,679 0.26% 27 HERNANDO 914 0.83% 3,723,120 0.74% 28 HIGHLANDS 664 0.61% 2,948,348 0.58% 29 HILLSBOROUGH 6,111 5.57% 27,776,078 5.51%

HOLMES 31 INDIAN RIVER 345 0.31% 1,492,984 0.30% 32 JACKSON 123 0.11% 378,785 0.08% 33 JEFFERSON 95 0.09% 466,385 0.09% 34 LAFAYETTE 35 0.03% 157,144 0.03%

LAKE 1,762 1.61% 7,943,943 1.58% 36 LEE 1,410 1.28% 6,346,961 1.26% 37 LEON 800 0.73% 3,502,887 0.69% 38 LEVY 264 0.24% 1,197,651 0.24% 39 LIBERTY

MADISON 38 0.03% 174,792 0.03% 41 MANATEE 961 0.88% 4,267,119 0.85% 42 MARION 2,143 1.95% 9,479,945 1.88% 43 MARTIN 330 0.30% 1,402,047 0.28% 44 MONROE 80 0.07% 379,696 0.08%

NASSAU 249 0.23% 1,115,785 0.22% 46 OKALOOSA 519 0.47% 2,174,385 0.43% 47 OKEECHOBEE 167 0.15% 705,178 0.14% 48 ORANGE 10,314 9.40% 47,869,298 9.49% 49 OSCEOLA 3,906 3.56% 17,971,829 3.56%

PALM BEACH 3,599 3.28% 16,841,483 3.34% 51 PASCO 1,636 1.49% 7,189,611 1.43% 52 PINELLAS 4,038 3.68% 18,418,878 3.65% 53 POLK 4,327 3.94% 19,273,707 3.82% 54 PUTNAM 412 0.38% 1,798,035 0.36%

ST. JOHNS 586 0.53% 2,492,903 0.49% 56 ST. LUCIE 1,854 1.69% 8,438,719 1.67% 57 SANTA ROSA 530 0.48% 2,164,926 0.43% 58 SARASOTA 786 0.72% 3,552,146 0.70% 59 SEMINOLE 1,552 1.41% 7,039,147 1.40%

SUMTER 101 0.09% 455,726 0.09% 61 SUWANNEE 458 0.42% 2,153,231 0.43% 62 TAYLOR 177 0.16% 840,436 0.17% 63 UNION 38 0.03% 183,218 0.04% 64 VOLUSIA 3,387 3.09% 15,445,222 3.06%

WAKULLA 76 0.07% 382,232 0.08% 66 WALTON 74 0.07% 318,670 0.06% 67 WASHINGTON 113 0.10% 460,150 0.09%

TOTAL: 67 109,741 100.00% 504,193,556 100.00%

Note: Blanks indicate less than 11 students per district and are not displayed but calculated in total in order to protect student confidentiality.

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Private Schools by District Serving FTC Students

DISTRICT DISTRICT NAME SCHOOLS 1 ALACHUA 23 2 BAKER 3 3 BAY 6 4 BRADFORD 3 5 BREVARD 55 6 BROWARD 161 8 CHARLOTTE 8 9 CITRUS 7

10 CLAY 14 11 COLLIER 15 12 COLUMBIA 10 13 DADE 433 14 DESOTO 1 15 DIXIE 2 16 DUVAL 112 17 ESCAMBIA 29 18 FLAGLER 5 19 FRANKLIN 1 20 GADSDEN 3 21 GILCHRIST 2 22 GLADES 1 23 GULF 1 24 HAMILTON 2 25 HARDEE 1 26 HENDRY 3 27 HERNANDO 16 28 HIGHLANDS 9 29 HILLSBOROUGH 100 31 INDIAN RIVER 9 32 JACKSON 3 33 JEFFERSON 3 34 LAFAYETTE 1 35 LAKE 29 36 LEE 30 37 LEON 24 38 LEVY 4 40 MADISON 2 41 MANATEE 20 42 MARION 30 43 MARTIN 6 44 MONROE 3 45 NASSAU 8 46 OKALOOSA 10 47 OKEECHOBEE 5 48 ORANGE 138 49 OSCEOLA 45 50 PALM BEACH 73 51 PASCO 35 52 PINELLAS 87 53 POLK 61 54 PUTNAM 5 55 ST. JOHNS 17 56 ST. LUCIE 28 57 SANTA ROSA 10 58 SARASOTA 31 59 SEMINOLE 42 60 SUMTER 1 61 SUWANNEE 6 62 TAYLOR 2 64 VOLUSIA 52 65 WAKULLA 2 66 WALTON 5 67 WASHINGTON 2

TOTAL: 63 1,855

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FTC Student Enrollment by Gender

Nu

mb

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Stu

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48.9% Male

51.1% Female

GENDER STUDENTS PERCENTAGE

Male 53,670 48.9% Female 56,071 51.1%

Total: 109,741 100.0%

FTC Student Enrollment by Grade Level 12,000

10,000

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11,377 11,280 10,936 10,138 10,205 9,787

8,859 8,046

5,768 5,135

4,437 3,721

KG 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th 11th 12th

Grade Level

GRADE LEVEL STUDENTS PERCENTAGE

KG 10,052 9.2% 1st 11,377 10.4%

2nd 11,280 10.3% 3rd 10,936 10.0% 4th 10,138 9.2% 5th 10,205 9.3% 6th 9,787 8.9% 7th 8,859 8.1% 8th 8,046 7.3% 9th 5,768 5.3%

10th 5,135 4.7% 11th 4,437 4.0% 12th 3,721 3.4%

Total: 109,741 100.0%

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10,052

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FTC Student Enrollment by Race/Ethnicity

26.6% White

29.6% African American

38.0% Hispanic

5.8% Other

RACE STUDENTS PERCENTAGE

WhiteAfrican AmericanHispanicOther*

29,165 32,511 41,701 6,364

26.6% 29.6% 38.0% 5.8%

Total: 109,741 100.0%

* "Other" include students who are Asian, Native American, Multiracial, and race not reported.

FTC Student Enrollment by SFO

98.9%Step Up

1.1% AAA

SFO STUDENTS PERCENTAGE

Step Up For Students

AAA Scholarship Foundation, LLC

108,504

1,237

98.9%

1.1%

Total: 109,741 100.0%

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Private Schools Participating in FTC by Type

34.0% Non-Religious

66.0% Religious

SCHOOL TYPE SCHOOLS PERCENTAGE

Non-Religious 631 34.0%

Religious 1,224 66.0%

Total: 1,855 100.0%

FTC Student Enrollment by Type of Private School

17.3% Non-Religious

82.7% Religious

SCHOOL TYPE STUDENTS PERCENTAGE

Non-Religious 19,272 17.3%

Religious 92,015 82.7%

Total: 111,287* 100.0%

* Indicates that 1,546 students (duplicated) attended more than one private school (Religious andNon-Religious) during the September 2019, November 2019, and February 2020 reporting periods.

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