Overview
What is Studentsponsor Partners Inc?
Studentsponsor Partners Inc, based in New York City, is a dedicated nonprofit organization that aims to empower economically and educationally disadvantaged students by providing them with financial scholarships and mentoring. The organization, with a team of 19 individuals, supports its students through college readiness programs and scholarships, enabling them to attend private and parochial schools in the city. In the 2022-2023 school year alone, over 1000 students benefited from these scholarships, totaling over $4.6 million. The organization's mission, "Students/Sponsor Partners," leverages the power of quality education and mentorship to help low-income and academically average New York City youth break free from poverty and reach their full potential.
Official website here: www.sspnyc.org
What are the reviews and ratings of this charity?
Charity Navigator rates Studentsponsor Partners Inc with an 88%, earning it a Three-Star out of Four Star rating. The organization demonstrates strong accountability and finance practices, scoring 90% in this area, which is indicative of responsible financial management. A particular highlight is its 100% independent board, showcasing a commitment to avoiding conflicts of interest, and its effective financial ratios, including a program expense ratio of 74.01%, indicating that a significant portion of funds is directed toward programs.
The organization also excels in its culture and community score, which stands at 100%. This suggests an engaging environment that fosters community involvement and support. Additionally, various policies are in place, including those for conflict of interest and whistleblower protections, which further enhance its governance framework.
However, the charity faces a limitation with the lack of available financial statements, which scored 0 out of 20 points. This absence could raise concerns for potential donors regarding transparency in financial reporting. Overall, while Studentsponsor Partners Inc shows strong governance and successful program expenditures, the transparency of its financial documents remains an area for improvement.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Studentsponsor Partners Inc?
94% of 11 reviewers on Facebook recommend Studentsponsor Partners Inc. Here is a summary of their reviews:
The nonprofit has made a significant impact on the lives of its students, providing crucial support for private education that has led to further opportunities. One former student shared how the program enabled them to attend St. Michael's Academy, which later facilitated their path to Stony Brook University and running their own business today.
Overall, the sentiment surrounding Studentsponsor Partners Inc is overwhelmingly positive, highlighting the effectiveness of its services in transforming educational experiences and inspiring success stories among alumni. It appears that their commitment to supporting students is recognized and appreciated, reflecting a strong belief in the mission of the organization.
This AI summary has been generated from reviews found on Facebook.
Is Studentsponsor Partners Inc legitimate?
Studentsponsor Partners Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Studentsponsor Partners Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,200,969
For more financial information, click here
Official website here: www.sspnyc.org
What is the mission statement of Studentsponsor Partners Inc?
Studentsponsor Partners Inc's mission is centered around providing at-risk youth in New York City with the necessary financial aid to attend private high schools. The organization, through a combination of financial scholarships provided by sponsors and individual mentoring and coaching from adult mentors, aims to break the cycle of poverty and help academically average students reach their full potential. Studentsponsor Partners Inc further supports its students with college readiness programs and offers college scholarships. Over the years, the organization has assisted over 7,300 students, with 1,016 completing the 2022-2023 school year, receiving over $4.6 million in scholarships to attend various private and parochial schools in New York City. The mentors associated with Studentsponsor Partners Inc contribute over 10,000 hours annually to directly support these students.
Official website here: www.sspnyc.org
Who is the CEO of Studentsponsor Partners Inc?
Debra Vizzi is the Chair of Studentsponsor Partners Inc.
Official website here: www.sspnyc.org
What is the revenue of Studentsponsor Partners Inc?
Studentsponsor Partners Inc's revenue in 2023 was $9,399,138.
Official website here: www.sspnyc.org
Who are the executives of Studentsponsor Partners Inc and what are their salaries?
The average compensation at Studentsponsor Partners Inc during 2023 was $115,840. There are 19 employees and 800 volunteers at Studentsponsor Partners Inc.
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Official website here: www.sspnyc.org
Where can I find the form 990 for Studentsponsor Partners Inc?
Studentsponsor Partners Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sspnyc.org
Learn more at the official website: www.sspnyc.org
Mission Statement of Studentsponsor Partners Inc
Studentsponsor Partners Inc, a nonprofit organization, is dedicated to providing economically and academically disadvantaged youth in New York City with the opportunity to attend private high schools. Their mission is to leverage the power of quality education and mentorship to help these at-risk students escape the cycle of poverty and reach their highest potential. By harnessing the support of financial scholarships provided by sponsors and mentoring and coaching from adult mentors, Studentsponsor Partners Inc offers a comprehensive approach to educational success.
The nonprofit further supports its students with college readiness programs and college scholarships. Throughout its history, Studentsponsor Partners Inc has financially and guidingly assisted over 7,300 students, ensuring they complete high school. In the 2022-2023 school year alone, 1,016 Studentsponsor Partners Inc students completed their education and received over $4.6 million in scholarships to attend 23 private and parochial schools across New York City. The organization's mentors contribute over 10,000 hours annually to directly support their students, further contributing to their academic and personal growth.
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Impact
August, 2024
Studentsponsor Partners Inc has had a significant impact on the lives of economically and educationally disadvantaged students in New York City. By providing tuition support for private high schools, individual mentoring, college readiness programs, and college scholarships, SSP has helped over 7,300 students navigate through high school and access higher education opportunities. In the 2022-2023 school year alone, 1016 SSP students completed their academic year and received over $4.6 million in scholarships to attend various private and parochial schools in NYC. Additionally, SSP mentors dedicate over 10,000 hours annually to directly support these students, contributing to their academic and personal growth. Through the power of quality education and mentorship, Studentsponsor Partners Inc is instrumental in breaking the cycle of poverty and empowering youth to achieve their full potential.
This information is meant to be a general summary of Studentsponsor Partners Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $420,458
- Gross Receipts: $10,091,414
Assets and Liabilities:
- Total Assets: $26,288,524
- Total Liabilities: $200,851
- Net Assets: $26,087,673
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Organization Details
Founding Year
1986
Phone
(212) 986-9575Principal Officer
Debra Vizzi
Main Address
90 BROAD STREET 400, NEW YORK, NY, 10004
Website
www.sspnyc.orgNTEE Category
Code: B95Z - Education
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