EIN 75-3038965

Saratoga Sponsor-A-Scholar

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2002
Most recent tax filings
2023-12-01
Description
Saratoga Sponsor-A-Scholar selects motivated students with b/c averages who demonstrate a commitment to education and economic need, providing additional support and direction to help them complete high school and graduate from college. Their mission is to assist economically disadvantaged young men and women in achieving academic success.
Total revenues
$391,840
2023
Total expenses
$216,560
2023
Total assets
$2,067,502
2023
Num. employees
0
2023

Program areas at Saratoga Sponsor-A-Scholar

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.up to approximately 70 students participate in ssas programs each year.

Who funds Saratoga Sponsor-A-Scholar

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Coull FoundationCharity$50,000
The Baltimore Orioles FoundationCommunity Support$25,000
Snow Family FoundationGeneral & Unrestricted$22,000
...and 7 more grants received

Personnel at Saratoga Sponsor-A-Scholar

NameTitleCompensation
Cynthia D HollowoodExecutive Director
Hollowood CindyPast Executive Director$30,000
Lavigne JimOfficer at Large$0
Reidy WalterTreasurer$0
Carminucci JamesChairman$0
...and 3 more key personnel

Financials for Saratoga Sponsor-A-Scholar

RevenuesFYE 12/2023
Total grants, contributions, etc.$312,452
Program services$0
Investment income and dividends$79,388
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$391,840

Form 990s for Saratoga Sponsor-A-Scholar

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-29990View PDF
2022-122023-11-14990View PDF
2021-122022-11-08990View PDF
2020-122021-11-09990View PDF
2019-122021-02-26990View PDF
...and 11 more Form 990s

Organizations like Saratoga Sponsor-A-Scholar

OrganizationLocationRevenue
Student Partner Alliance A New Jersey Non-Profit CorporationSummit, NJ$903,665
The Next StepSaint Louis, MO$400,330
College Choice FoundationBirmingham, AL$531,940
A Pay It Forward ScholarshipGainesville, GA$1,547,927
ScholarCHIPSWashington, DC$261,153
College Access FairfaxFalls Church, VA$169,693
Guardian ScholarsVail, CO$298,841
Glastonbury ABCGlastonbury, CT$123,422
Imagine ScholarRedmond, WA$523,725
A Better Chance In DarienDarien, CT$273,381
Data update history
October 20, 2024
Received grants
Identified 5 new grant, including a grant for $50,000 from Coull Foundation
July 8, 2024
Received grants
Identified 5 new grant, including a grant for $42,000 from Coull Foundation
December 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 25, 2023
Updated personnel
Identified 2 new personnel
December 23, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
SchoolsEducational service providersCharities
Issues
EducationArts, cultural, and humanities
Characteristics
Fundraising eventsProvides scholarshipsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
PO Box 107
Saratoga Springs, NY 12866
Metro area
Albany-Schenectady-Troy, NY
County
Saratoga County, NY
Website URL
saratogasponsorascholar.org/ 
Phone
(518) 207-7682
IRS details
EIN
75-3038965
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
611710: Educational Support Services
Parent/child status
Independent
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