Saratoga Sponsor-A-Scholar

Organization Overview

Saratoga Sponsor-A-Scholar is located in Saratoga Springs, NY. The organization was established in 2002. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saratoga Sponsor-A-Scholar 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 12/2022, Saratoga Sponsor-A-Scholar generated $319.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $199.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

OUR MISSION IS "...TO ASSIST ECONOMICALLY DISADVANTAGED YOUNG MEN AND WOMEN TO COMPLETE HIGH SCHOOL AND GRADUATE FROM COLLEGE."

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSSARATOGA SPONSOR-A-SCHOLAR SELECTS STUDENTS MOTIVATED TO ACHIEVE ACADEMICALLY WHO COULD USE ADDITIONAL SUPPORT AND DIRECTION TO MEET THEIR GOALS. ELIGIBLE STUDENTS MUST HAVE A B/C AVERAGE, DEMONSTRATE A COMMITMENT TO THEIR EDUCATION AND BE ECONOMICALLY DISADVANTAGED. STUDENTS ARE NOMINATED BY GUIDANCE COUNSELORS AND TEACHERS IN THE NINTH GRADE AND SELECTED BY A RIGOROUS PROCESS THAT INCLUDES AN APPLICATION, RECOMMENDATIONS AND AN INTERVIEW WITH STUDENTS AND FAMILIES. MANY STUDENTS ARE THE FIRST IN THEIR FAMILY TO ATTEND COLLEGE. STUDENTS PARTICIPATE IN THE PROGRAM FROM SOPHOMORE YEAR THROUGH COLLEGE GRADUATION.ACADEMIC SUPPORTSTUDENTS ENROLLED IN SARATOGA SPONSOR-A-SCHOLAR ATTEND SARATOGA SPRINGS HIGH SCHOOL. TWO ACADEMIC COORDINATORS FROM THE HIGH SCHOOL GUIDANCE DEPARTMENT OVERSEE THE ENROLLMENT AND APPLICATION PROCESS. TUTORS AT HOMEWORK SESSIONS ARE CLASSROOM TEACHERS FROM EACH MAJOR SUBJECT AREA OR MEMBERS OF THE COMMUNITY WHO ARE EXPERTS IN THEIR FIELD. SPONSOR-A-SCHOLAR ALSO ENCOURAGES AND PROVIDES FUNDING FOR ADVANCED PLACEMENT (AP) COURSES AND PSAT/SAT TRAINING. SPONSORS AND DONORSTO PAY FOR THE PARTICIPATION OF THE STUDENTS IN OUR PROGRAM, SSAS ENLISTS A COMBINATION OF INDIVIDUAL, FOUNDATION OR CORPORATE SPONSORS EACH YEAR. SPONSORSHIP OF A SINGLE STUDENT IN THE PROGRAM IS $10,000, $4,000 OF WHICH PROVIDES ACADEMIC TUTORING AND COLLEGE PREPARATORY WORK DURING HIGH SCHOOL. SSAS PROVIDES STUDENTS WITH ANNUAL CASH STIPENDS OF $2,500 FOR EVERY SUCCESSFUL YEAR OF COLLEGE THEY COMPLETE. SOME INDIVIDUALS SPONSOR MULTIPLE STUDENTS WHILE OTHERS TEAM UP TO CO-SPONSOR A SINGLE STUDENT. DONORS MAY MAKE A FINANCIAL CONTRIBUTION IN ANY AMOUNT. MENTORSEACH SCHOLAR IS MATCHED WITH AN ADULT MENTOR WHEN THEY BEGIN THE PROGRAM. PREREQUISITES FOR BECOMING A MENTOR INCLUDE A COLLEGE DEGREE, MAKING A COMMITMENT TO MEET AT LEAST ONCE A MONTH FOR THREE YEARS OF HIGH SCHOOL AND THE FIRST YEAR OF COLLEGE. MENTORS SERVE AS AN ADULT ROLE MODEL AND ALSO HELP STUDENTS IDENTIFY COLLEGE RESOURCES. THE MENTOR/STUDENT RELATIONSHIP SERVES AS A VALUABLE SOURCE OF SUPPORT TO SCHOLARS SEEKING A SEASONED PERSPECTIVE AND AN ACTIVE LISTENER.COMMUNITYTHE MISSION OF THE SARATOGA SPONSOR-A-SCHOLAR PROGRAM IS TO INCREASE ACCESS TO HIGHER EDUCATIONAL PROGRAMS BY OFFERING SUPPORT IN THE FORM OF TIME, MENTORS AND MONEY. THE DIRECT BENEFICIARIES OF THE PROGRAM INCLUDE STUDENTS AND THEIR FAMILIES. HOWEVER, OUR HOPE IS ALSO THAT THE COMMUNITY AT LARGE WILL ALSO BENEFIT FROM SPONSOR-A-SCHOLAR STUDENTS RETURNING WITH COLLEGE DEGREES TO WORK AND IMPROVE THE OVERALL CULTURE OF OUR COMMUNITY.APPROXIMATELY 70 STUDENTS PARTICIPATE IN SSAS PROGRAMS EACH YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Bobear Dan
Board Member (2021/2022)
$0
Bonacio Julie
Board Member
$0
Carminucci James
Chairman
$0
Dalton Robin
Board Member
$0
Dicresce Gary
Board Member
$0
Funiciello Michele
Board Member (2022/2023)
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$161,785
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$145,729
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$307,514
Total Program Service Revenue$0
Investment income $11,809
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $414
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $319,737

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