Partnership Scholars Program
- Assets
- $849.9k
- Revenue
- $83.9k
- Investments
- $0.0
- Employees
- 4
- Location
- El Segundo, CA
- Founding
- 06/2002
- Data as of
- 08/2023
- EIN
- 03-0433957
Organization Overview
Partnership Scholars Program is located in El Segundo, CA. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 08/2023, Partnership Scholars Program employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Partnership Scholars Program is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Partnership Scholars Program generated $83.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (23.4%) each year. All expenses for the organization totaled $421.1k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PARTNERSHIP SCHOLARS PROGRAM'S MISSION IS TO PROVIDE SIX YEARS OF EDUCATIONAL & CULTURAL EXPERIENCES TO ACADEMICALLY MOTIVATED, BUT ECONOMICALLY DISADVANTAGED STUDENTS, STARTING IN THE 7TH GRADE, TO PROMOTE COLLEGE ACCESS AND A LIFETIME OF SUCCESS. WE PROVIDE STUDENTS WITH CARING ADULT MENTORS, EDUCATIONAL AND CULTURAL ENRICHMENT AND COLLEGE-ACCESS GUIDANCE AND SUPPORT THROUGHOUT THEIR MIDDLE AND HIGH SCHOOL YEARS. PARTNERSHIP SCHOLARS SERVES MOTIVATED STUDENTS IN UNDER-RESOURCED COMMUNITIES OF LENNOX AND EL MONTE IN LOS ANGELES COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARTNERSHIP SCHOLARS PROGRAM SERVES 43 STUDENTS FROM TWO DIFFERENT COMMUNITIES IN SOUTHERN CALIFORNIA. WE OFFER STUDENTS THE SKILLS, KNOWLEDGE AND SUPPORT THEY NEED TO PREPARE FOR, ENTER, AND GRADUATE FROM COLLEGE. OUR SERVICES INCLUDE MENTORING; EDUCATIONAL AND CULTURAL ENRICHMENT ACTIVITIES; AND COLLEGE ACCESS GUIDANCE. SPECIFICALLY, WE PAIR STUDENTS WITH HIGHLY QUALIFIED MENTORS, WHO BUILD POSITIVE & SUSTAINED RELATIONSHIPS WITH STUDENTS, AND INTERACT REGULARLY WITH THEM, COMMUNICATING ABOUT SCHOOL, COLLEGE AND LIFE. WE PROVIDE STUDENTS WITH A HOST OF ENRICHMENT ACTIVITIES - COLLEGE VISITS, EDUCATIONAL FIELD TRIPS AND MORE - TO BRIDGE THE OPPORTUNITY DIVIDE, EXPAND STUDENTS' HORIZONS AND BROADEN THEIR WORLDVIEW. THE EXPERIENCES WE PROVIDE FURTHER SUPPORT STUDENTS' ENTRY (CONTINUATION SCHEDULE O)INTO AND GRADUATION FROM COLLEGE. WE HELP TO LEVEL THE ACADEMIC PLAYING FIELD BY ENSURING STUDENTS ENROLL IN SAT & ACT TEST-PREPARATION CLASSES AND IN ACADEMICALLY RIGOROUS COURSES. WE HELP PARTICIPANTS OBTAIN ANY NECESSARY ACADEMIC TUTORING AS WELL AS PROVIDE THEM WITH EDUCATIONAL MATERIALS AND SUPPLIES, AS NEEDED. WE ALSO PROVIDE COLLEGE-ACCESS GUIDANCE TO STUDENTS, HELPING THEM NAVIGATE THE COLLEGE-PREPARATION AND ADMISSION PROCESS. WE ENSURE THEY ARE WELL VERSED IN THE "A-G" COLLEGE ENTRANCE REQUIREMENTS AND HELP THEM CREATE A COLLEGE-ADMISSION PLAN. PARTNERSHIP SCHOLARS PROGRAM GUIDES STUDENTS THROUGH THE FINANCIAL-AID PROCESS, HELPING THEM COMPLETE THEIR FINANCIAL-AID APPLICATION, AND OBTAIN GRANTS, SCHOLARSHIPS, WORK-STUDY AND LOANS NEEDED TO COVER COLLEGE-COST. DURING OUR ALUMNI'S FIRST YEAR OF COLLEGE, PSP PROVIDES SCHOLARSHIP SUPPORT TO COVER COSTS OF COLLEGE LIKE TEXTBOOKS, MEAL PLANS, SCHOOL FEES AND THE ABILITY TO DO RECREATIONAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terryl Martin Chair | OfficerTrustee | 3 | $0 |
Gretchen Ondrozeck Treasurer | OfficerTrustee | 2 | $0 |
Aisha Hauser Secretary | OfficerTrustee | 2 | $0 |
Meg Sanchez Past Chair | Trustee | 2 | $0 |
Benjamin Friedman Trustee | Trustee | 2 | $0 |
Arlene Legaspe Trustee (end 08/23) | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $79,452 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,452 |
| Total Program Service Revenue | $0 |
| Investment income | $3,510 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,932 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $112,126 |
| Compensation of current officers, directors, key employees. | $33,677 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,879 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,433 |
| Payroll taxes | $13,076 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,083 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,758 |
| Advertising and promotion | $0 |
| Office expenses | $1,899 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $952 |
| Travel | $26,123 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,927 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,797 |
| All other expenses | $32,779 |
| Total functional expenses | $421,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $373,435 |
| Savings and temporary cash investments | $462,813 |
| Pledges and grants receivable | $2,248 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,377 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $849,873 |
| Accounts payable and accrued expenses | $38,748 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $38,748 |
| Net assets without donor restrictions | $786,859 |
| Net assets with donor restrictions | $24,266 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $849,873 |