EITC, Educational Improvement Tax Credit, Pa EITC
AACMS Foundation & EITC
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AACMS Foundation & EITC


The Arts Academy Charter Middle School Foundation is a 501 (c) (3) non-profit, tax-exempt organization whose primary goal is to raise funds to promote, enhance, and supplement the educational and co-curricular programs for the benefit of students and staff at the Arts Academy Charter Middle School  in order to provide opportunities for students to explore their artistic passions and talents in a supportive, challenging and rigorous academic and artistic environment.

The AACMS Foundation is a certified PA Charitable Organization.  Certification letter

The AACMS Foundation currently has two programs, noted below, approved by the PA Educational Improvement Tax Credit (EITC) program.  Determination letter


  PENNSYLVANIA EDUCATIONAL IMPROVEMENT TAX CREDIT (EITC)  

WHAT IS THE PA EDUCATIONAL IMPROVEMENT TAX CREDIT PROGRAM?

Businesses who wish to support the Arts Academy Charter Middle School (AACMS) may be eligible for a tax credit through Pennsylvania’s Educational Improvement Tax Credit Program.

The AACMS Foundation is a recognized Educational Improvement Organization (EIO) under Pennsylvania's Educational Improvement Tax Credit Program. This program provides companies with a direct tax credit of up to 90 percent for a two-year commitment toward the amount a business owes in state taxes. Contributions to the AACMS through the EITC program leave companies with a much smaller state tax bill, while supporting the AACMS’ vital, high-quality educational programs serving public school children from the Lehigh Valley and neighboring regions. For more information, please visit the EITC website.

WHY THE ARTS ACADEMY CHARTER MIDDLE SCHOOL?
Since its inception, the AACMS has partnered with the community to increase education and arts access and opportunities for regional Pennsylvania public school students.  The AACMS' innovative educational programs provide rigorous art-infused academics and six arts programs:  Dance, Instrumental Music, Vocal Music, Theater, Visual Arts and Figure Skating.  Students from more than 25 Pennsylvania public school districts, some as far as 40 miles, to attend.  

AACMS performing student troupes regularly perform throughout the community at retirement communities, regional festivals, sporting events and arts events.  The AACMS is a tuition-free school, and students do not pay art, equipment or material fees.  Our students want to come to school, and are eager to learn.  Here's what our students have to say about the school:

"The AACMS makes me feel that school is not a place where I am trapped for seven hours a day.  Before I came here I thought school would be a place where I would be mentally harassed for the rest of my life.  Now that I am at the AACMS, I feel like I am not the only person who was a singer and actor.  I am surrounded by people like me.  I am comfortable here.  I feel secure and safe.  This school has made me more positive."      Vincent K., 8th grade vocal music student

"The AACMS has exposed me to the real world in a great way.  I am now making friendships with all kinds of different people.  Unlike my old school, the teachers are all very kind, patient and open to new ideas, making me very eager to learn.  I used to consider school annoying, boring and an interruption, but the teachers have made it fun.  Every teacher has their own special talent. They bring fun to learning and the arts, a perfect balance."      Katherine C., 6th grade figure skating student

" What I like best about the AACMS is how all teachers and staff are all kind and understanding."     Angel R., 5th grade instrumental music and visual arts student

THE AACMS HAS TWO EITC APPROVED EDUCATIONAL IMPROVEMENT PROGRAMS:

Arts in Education Program
The AACMS provides an innovative approach to education by tapping into the students’ existing passion for the arts to enhance their traditional academic studies.  The AACMS integrates the arts in classrooms by using concepts and techniques learned in arts classes to reinforce academic materials.  New academic materials are presented in a multi-sensory manner, so students can link the information to arts concepts they already know and understand.  Students are encouraged to use creative ways to approach assignments, presentations and problem solving, and learn valuable time management skills to balance their academic and arts classwork.  They also learn the value of creative problem solving, discipline, hard work, teamwork, the phases of project management, and how to improvise.  They establish life skills and habits that will help them succeed in higher education, and whatever they choose to do in the future.  AACMS students thrive in an innovative atmosphere with like-minded peers, and attain a broader view of the world around them through their study of the arts alongside traditional academics.

Ovations Achievement Program
The AACMS Ovations Achievement Program is an option for seventh and eighth grade students in the English and Science subject areas who demonstrate advanced skills, comprehension and interest.  The Ovations Achieve Program classes cover more materials at an accelerated pace, with a more concentrated focus.  Ovations Science students follow the same curriculum and standards as all other students, but also study advanced-level materials and work on independent short and long-term assignments.  The Ovations Achieve Program provides innovative and extended learning activities that require students to increase their use of critical thinking skills, including analysis, synthesis, and problem solving.  Students are encouraged to dig deeper and engage in lively, collaborative classroom discussions.

HOW DOES IT WORK?
Your company’s charitable giving becomes a low-cost gift when you redirect your state business taxes to the participating approved EITC program of your choice.

  • A one-year commitment will earn you a state tax credit of 75% of your contribution. A business that agrees to provide the same amount for two consecutive tax years will earn a credit of 90%.
  • Tax credits may be applied against the tax liability of a business for the tax year in which the contribution was made.
  • The non-credited portion of the gift can be claimed as a charitable contribution for federal tax purposes.
  • Businesses may request up to $750,000 in tax credits per year.
  • Eligible entities include businesses subject to the following taxes:
  • Corporate Net Income Tax
  • Capital Stock/Foreign Franchise Tax
  • Bank Shares Tax
  • Title Insurance and Trust Company Shares Tax
  • Insurance Premiums Tax
  • Mutual Thrift Tax
  • Gross Receipts Tax
  • Tax under the Insurance Company Law of 1921
  • Personal Income Tax


HOW DOES A COMPANY APPLY?
All applicants are required to submit applications electronically through www.newpa.com.  The business application guide explains the process of applying. Businesses must apply specifically for Educational Improvement Organization (EIO) credits if they wish to support the AACMS' programs.


NEW BUSINESSES MAY APPLY BEGINNING JULY 1.
EITC applications are approved on a first-come, first-served basis by date submitted.  The Department of Community and Economic Development will send an approval letter to businesses awarded educational improvement tax credits. The business then has 60 days to send its philanthropic contribution to the Arts Academy Charter Middle School Foundation, Development Department, 1610 East Emmaus Avenue, Allentown, PA 18103.

The AACMS will issue a gift acknowledgment which the business must send to the Department of Community and Economic Development within 90 days of the original approval letter.  After sharing this written acknowledgment with the department, the business will receive the amount of tax credits outlined in the original approval letter.


The AACMS and AACMS Foundation is grateful for all contributions through the EITC Program.  


FOR MORE INFORMATION
For specific information on how the Pennsylvania Educational Improvement Tax Credit (EITC) program can benefit your business, please contact your accountant or financial advisor.  For additional information about the AACMS' EITC approved programs, please contact the AACMS.


"What I like about the AACMS is they use donations for the classes, not for stuff that isn't necessary."  

Zoe G., 6th grade instrumental student




AACMS Foundation EITC Determination Letter