The Oliver Scholars Program Inc
- Assets
- $28.5m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 48
- Location
- New York, NY
- Founding
- 03/1985
- Data as of
- 12/2021
- EIN
- 13-3248876
Organization Overview
The Oliver Scholars Program Inc is located in New York, NY. The organization was established in 1985. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 12/2021, Oliver Scholars Program Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oliver Scholars Program Inc 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 12/2021, Oliver Scholars Program Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 11.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE HIGH-ACHIEVING AFRICAN-AMERICAN AND LATINO STUDENTS FOR SUCCESS. WE PROVIDE CRUCIAL SUPPORT FOR OUR SCHOLARS SO THAT THEY CAN REALIZE THEIR FULL POTENTIAL AND ULTIMATELY GIVE BACK TO THE CITY, THE NATION, AND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLAR SERVICES: ONCE OUR SCHOLARS MATRICULATE AT COMPETITIVE HIGH SCHOOLS, THEY CONTINUE TO RECEIVE SUPPORT FROM THE OLIVER SCHOLARS SCHOLAR SERVICES TEAM. EVERY SCHOLAR ATTENDING AN INDEPENDENT BOARDING SCHOOL RECEIVES 1-2 ON-CAMPUS VISITS FROM A MEMBER OF OUR TEAM. WE MONITOR HOW STUDENTS ARE ADJUSTING ACADEMICALLY AND SOCIALLY AND MEET WITH SCHOOL OFFICIALS TO ENSURE THAT STUDENTS HAVE THE SUPPORT THEY NEED TO THRIVE. OUR PUBLIC HIGH SCHOOL SCHOLARS ATTEND PROGRAMMING ONCE A MONTH TO STAY CONNECTED AND RECEIVE THE SAME ACADEMIC AND SOCIAL SUPPORT AS THEIR INDEPENDENT SCHOOL COHORTS. SIGNATURE ACTIVITIES INCLUDE AN ANNUAL COMMUNITY SERVICE DAY AND OUR ANNUAL STUDENT CONFERENCE, IN OUR OWN VOICES. ADDITIONALLY, OUR HIGH SCHOOL STUDENTS AND THEIR FAMILIES RECEIVE ONGOING COLLEGE COUNSELING, COLLEGE VISITS, COLLEGE ESSAY REVIEWS, AND FINANCIAL AID GUIDANCE. AND WE CONTINUE TO SUPPORT THEM VIA ACCESS TO INTERNSHIPS AND MENTORS ONCE THEY MATRICULATE AT COLLEGE - WHERE WE CONTINUE TO PROVIDE FINANCIAL AID AND TRANSFER SUPPORT.
SCHOLAR IMMERSION PROGRAM: THE SCHOLAR IMMERSION PROGRAM, ALSO KNOWN AS SIP, IS A 14-MONTH ACADEMIC AND SOCIAL ENRICHMENT PROGRAM INTENDED TO GIVE STUDENTS THE ACADEMIC, STUDY, AND SOCIAL SKILLS THEY WILL NEED TO BE SUCCESSFUL AT RIGOROUS HIGH SCHOOLS. STUDENTS ATTEND THE PROGRAM FOR TWO 56-WEEK SUMMER SESSIONS AND A YEAR OF SATURDAY CLASSES. THE SUMMER PROGRAM INCLUDES ONE-WEEK OF RESIDENTIAL PROGRAMMING AT A PARTNER BOARDING SCHOOL TO GIVE STUDENTS EXPOSURE TO THAT EXPERIENCE AND TO DEEPEN CONNECTIONS ACROSS THEIR COHORTS.
ADMISSIONS & PLACEMENT: OUR ADMISSIONS AND PLACEMENT PROGRAM IS FOCUSED ON DEVELOPING TRUSTING RELATIONSHIPS WITH MIDDLE SCHOOLS AND COMMUNITY-BASED ORGANIZATIONS ACROSS THE FIVE BOROUGHS OF NEW YORK CITY TO IDENTIFY HIGH-ACHIEVING BLACK AND LATINX 7TH GRADERS FOR PARTICIPATION IN THE OLIVER SCHOLARS PROGRAM. ONCE ADMITTED, THESE STUDENTS HAVE ACCESS TO OUR SIGNATURE SCHOLAR IMMERSION PROGRAM AND HIGH SCHOOL ADMISSIONS SUPPORT FOR INDEPENDENT DAY AND BOARDING SCHOOLS AND COMPETITIVE PUBLIC HIGH SCHOOLS. WE HOST ADMISSIONS INFORMATION SESSIONS ACROSS THE CITY TO EDUCATE FAMILIES ABOUT THE EDUCATIONAL OPTIONS AVAILABLE TO THEIR HIGH POTENTIAL STUDENTS. AND WE DEVELOP STRONG PARTNERSHIP RELATIONSHIPS WITH OUR INDEPENDENT CONSORTIUM SCHOOLS TO ENSURE OUR SCHOLARS HAVE THE SUPPORT AND FINANCIAL AID THEY NEED TO SUCCEED IN HIGH SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Danielle R Moss CEO | Officer | 35 | $236,412 |
Gabrielle Gilliam Chief Development Officer | Officer | 35 | $155,195 |
Deidre Franklin Chief Program & Equity Off | 35 | $134,913 | |
Mark Hall - Vice President Admissions & Placement | 35 | $121,074 | |
Sharon Sturrup Chief Operating Officer | 35 | $111,536 | |
Louisa Troubh Vice Chair | OfficerTrustee | 1.5 | $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 | $943,882 |
| Noncash contributions included in lines 1a–1f | $50,214 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $943,882 |
| Total Program Service Revenue | $0 |
| Investment income | $500,126 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,205,617 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,650,152 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,401 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $449,394 |
| Compensation of current officers, directors, key employees. | $108,991 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,560,993 |
| Pension plan accruals and contributions | $45,174 |
| Other employee benefits | $143,046 |
| Payroll taxes | $190,261 |
| Fees for services: Management | $221,100 |
| Fees for services: Legal | $12,180 |
| Fees for services: Accounting | $26,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $113,727 |
| Fees for services: Other | $131,354 |
| Advertising and promotion | $32,346 |
| Office expenses | $137,205 |
| Information technology | $93,446 |
| Royalties | $0 |
| Occupancy | $442,662 |
| Travel | $12,313 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,683 |
| Interest | $5,123 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,131 |
| Insurance | $49,064 |
| All other expenses | $374 |
| Total functional expenses | $3,864,202 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $866,220 |
| Savings and temporary cash investments | $926,462 |
| Pledges and grants receivable | $199,630 |
| 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 | $24,510 |
| Net Land, buildings, and equipment | $87,620 |
| Investments—publicly traded securities | $26,289,430 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $129,906 |
| Total assets | $28,523,778 |
| Accounts payable and accrued expenses | $237,483 |
| 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 | $26,756 |
| Total liabilities | $264,239 |
| Net assets without donor restrictions | $11,521,749 |
| Net assets with donor restrictions | $16,737,790 |
| 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 | $28,523,778 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Oliver Scholars Program Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $25,000 |
Endowment Analysis
| Beg. Balance | $798,953 |
| Earnings | $43,069 |
| Net Contributions | $65,146 |
| Other Expense | $42,747 |
| Ending Balance | $864,421 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Variety Child Learning Center Syosset, NY | $8,356,973 | $21,867,725 |
Nashoba Learning Group Inc Bedford, MA | $17,818,775 | $20,934,730 |
The Hagedorn Little Village School Seaford, NY | $17,101,359 | $21,155,572 |
Summit School Upper Nyack, NY | $17,974,431 | $18,614,927 |
Steppingstone Day School Inc Kew Garden Hills, NY | $5,707,568 | $18,884,905 |
Childrens Center Of Hamden Inc Hamden, CT | $5,057,304 | $17,805,585 |
Kennedy Childrens Center New York, NY | $16,208,391 | $17,351,422 |
Eclc Of Nj A New Jersey Non Profit Corporation Chatham, NJ | $5,195,140 | $18,377,068 |
Kingsway Learning Center Moorestown, NJ | $5,041,618 | $18,181,631 |
Pennsylvania School For The Deaf Philadelphia, PA | $50,307,552 | $18,217,495 |
League School Brooklyn, NY | $8,003,102 | $18,878,930 |
League School Of Greater Boston Inc Walpole, MA | $19,876,889 | $16,713,452 |