Summer Science Program Inc
- Assets
- $5.8m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 45
- Location
- Morrisville, NC
- Founding
- 11/1999
- Data as of
- 09/2022
- EIN
- 94-3341965
Organization Overview
Summer Science Program Inc is located in Morrisville, NC. The organization was established in 1999. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 09/2022, Summer Science Program Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summer Science 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 09/2022, Summer Science Program Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $1.9m during the year ending 09/2022. While expenses have increased by 16.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SSP OPERATES RESIDENTIAL SUMMER PROGRAMS IN HANDS-ON SCIENTIFIC RESEARCH FOR TALENTED TEENAGERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, 204 TEENAGERS PARTICIPATED IN THE SUMMER SCIENCE PROGRAM. THREE GROUPS OF 36 DID RESEARCH IN ASTROPHYSICS: EACH TEAM OF THREE IMAGED A NEAR-EARTH ASTEROID AND ANALYZED THEIR IMAGES TO PREDICT ITS FUTURE ORBIT. TWO GROUPS OF 36 DID RESEARCH IN BIOCHEMISTRY: EACH TEAM OF THREE MODELED AN ENZYME FROM A FUNGAL CROP PATHOGEN AND DESIGNED A SMALL MOLECULE INHIBITOR AS A POSSIBLE SAFE FUNGICIDE. ONE GROUP OF 24 USED CHEMOSTAT DEVICES TO EVOLVE ANTIBIOTIC RESISTANCE IN BACTERIA AND ANALYZE THE RESULTING MUTATIONS. THE PROGRAMS WERE 39 DAYS IN DURATION, LED BY 43 FACULTY, AND HELD IN PERSON ON FIVE COLLEGE CAMPUSES IN FOUR STATES, INCLUDING NEW HOST COLLEGES INDIANA UNIVERSITY AND UNIVERSITY OF NORTH CAROLINA CHAPEL HILL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Amy Barr Mlinar Chief Academic Officer | Officer | 10 | $39,984 |
Helen Shin Secretary | OfficerTrustee | 8 | $0 |
Dr Michael Weiss Trustee | OfficerTrustee | 5 | $0 |
Dr Ronald Irving Chair | OfficerTrustee | 10 | $0 |
Dr Shannon Anderson Treasurer | OfficerTrustee | 8 | $0 |
Richard Bowdon See Schedule L Executive Director | Officer | 40 | $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 | $648,836 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $648,836 |
| Total Program Service Revenue | $1,173,363 |
| Investment income | $117,311 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $268,989 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,208,499 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $454,516 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $211,334 |
| Fees for services: Legal | $42,805 |
| Fees for services: Accounting | $27,336 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $247,863 |
| Advertising and promotion | $0 |
| Office expenses | $43,900 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $96,453 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,952 |
| All other expenses | $0 |
| Total functional expenses | $1,867,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $307,700 |
| Savings and temporary cash investments | $131,208 |
| Pledges and grants receivable | $30,477 |
| 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 | $35,562 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,343,118 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,848,065 |
| Accounts payable and accrued expenses | $288,513 |
| 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 | $288,513 |
| Net assets without donor restrictions | $3,243,232 |
| Net assets with donor restrictions | $2,316,320 |
| 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 | $5,848,065 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Summer Science Program Inc has recieved totaling $52,653.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $20,080 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $11,000 |
Tlg Family Foundation Inc New Rochelle, NY PURPOSE: CHARITABLE | $10,022 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,051 |
Arthur J Gallagher Foundation Rolling Meadows, IL PURPOSE: GENERAL EXEMPT PURPOSE | $500 |
Endowment Analysis
| Beg. Balance | $2,726,815 |
| Earnings | -$465,309 |
| Net Contributions | $113,097 |
| Grants | $98,000 |
| Ending Balance | $2,276,603 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alternative Paths Training School Inc Dumfries, VA | $29,662,762 | $20,489,291 |
Currey Ingram Academy Brentwood, TN | $68,664,811 | $19,766,895 |
The Faison Center Inc Richmond, VA | $62,568,652 | $21,070,606 |
The Howard School Inc Atlanta, GA | $46,587,964 | $14,630,236 |
Schenck School Inc Atlanta, GA | $49,204,547 | $13,089,821 |
Virginia Episcopal School Lynchburg, VA | $42,343,812 | $12,608,124 |
Baconton Parents And Citizens For Better Education Inc Baconton, GA | $6,989,998 | $13,118,266 |
Kings Daughters School Of Maury County Tennessee Columbia, TN | $22,315,744 | $10,828,649 |
The Fletcher School Inc Charlotte, NC | $32,973,110 | $9,343,096 |
Mill Springs Academy Inc Alpharetta, GA | $16,639,612 | $7,597,542 |
New Community School Richmond, VA | $23,560,942 | $8,465,673 |
Brookhaven Innovation Academy Norcross, GA | $15,037,187 | $6,615,354 |