Overview
What is Star Sponsorship Program Inc?
Star Sponsorship Program Inc is a nonprofit organization that aims to bridge the gap in education for low-income families by providing financial assistance. They accomplish this mission by partnering sponsors with students, ensuring tuition costs for private schools are covered. Furthermore, the Stepup initiative harnesses smaller donations to meet additional educational expenses, such as summer school fees, computer purchases, and rewards for academic excellence. Payments are directly transferred to the attending schools, ensuring a comprehensive support system for eligible students.
Official website here: www.starcsffw.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Star Sponsorship Program Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating that the organization needs improvement in several areas. With an overall score of 73%, it shows strengths in accountability and finance, particularly with a high percentage of independent board members and a solid program expense ratio. These characteristics suggest a commitment to effective governance and a focus on program delivery.
However, the organization faces significant limitations, particularly in transparency regarding financial statements, as none were available for evaluation. This lack of documentation negatively impacted their score in this area, contributing to the overall rating. Additionally, the absence of a whistleblower policy and inadequate document retention practices further raises questions about governance practices and organizational compliance.
Despite these challenges, the program's strong program expense ratio indicates that it is primarily focused on its mission-related activities. Addressing the noted gaps in transparency and governance could enhance its overall standing and effectiveness in serving its beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
Is Star Sponsorship Program Inc legitimate?
Star Sponsorship Program Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Star Sponsorship Program 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: $127,460
Professional Fundraising Fees: $0
Other Salaries and Wages: $87,061
For more financial information, click here
Official website here: www.starcsffw.org
What is the mission statement of Star Sponsorship Program Inc?
Star Sponsorship Program Inc's mission is centered around providing educational opportunities for low-income families. Through fundraising efforts, the organization aims to cover tuition costs for private schools for these families. They achieve this by pairing sponsors with students, offering financial assistance directly to the schools. Furthermore, Star Sponsorship Program Inc has an initiative called Stepup, which uses smaller donations to help families with additional educational expenses such as summer school fees, computer purchases, and merit rewards for exceptional performance.
Official website here: www.starcsffw.org
Who is the CEO of Star Sponsorship Program Inc?
Kathy Burt is the Executive Director of Star Sponsorship Program Inc.
Official website here: www.starcsffw.org
What is the revenue of Star Sponsorship Program Inc?
Star Sponsorship Program Inc's revenue in 2023 was $536,893.
Official website here: www.starcsffw.org
Who are the executives of Star Sponsorship Program Inc and what are their salaries?
The average compensation at Star Sponsorship Program Inc during 2023 was $21,452. There are 10 employees and 41 volunteers at Star Sponsorship Program Inc.
Here are 13 key members and their salaries:
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Official website here: www.starcsffw.org
Where can I find the form 990 for Star Sponsorship Program Inc?
Star Sponsorship Program Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.starcsffw.org
Learn more at the official website: www.starcsffw.org
Mission Statement of Star Sponsorship Program Inc
Star Sponsorship Program, a nonprofit organization, is dedicated to making education accessible for families with limited financial means. They achieve this mission by raising funds and connecting sponsors with students in need. The program's primary focus is on covering tuition costs for students attending private schools. Beyond tuition, Star Sponsorship Program also addresses incidental educational expenses through their Stepup initiative. This component of the program utilizes smaller donations to help families cover expenses such as summer school fees, computer purchases, and merit rewards for outstanding academic performance. The payments are made directly to the schools where the students are enrolled, ensuring that the funds directly support their educational journey.
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Impact
July, 2024
Star Sponsorship Program Inc's impact is significant in providing access to education for students from low-income families. By raising funds to assist with tuition costs for private schools, the program enables these students to receive quality education that may otherwise be out of reach. Through the use of sponsors who are matched with students, Star Sponsorship Program creates opportunities for these young individuals to thrive academically and reach their full potential. Additionally, their Stepup initiative further supports families by helping cover incidental educational expenses such as summer school fees, computer purchases, and merit rewards for exceptional performance. By making direct payments to the schools where the students attend, Star Sponsorship Program ensures that these resources have a direct and tangible impact on the lives of those they support.
This information is meant to be a general summary of Star Sponsorship Program 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: $5,639
- Program Service Revenue: $268,620
- Gross Receipts: $536,893
Assets and Liabilities:
- Total Assets: $290,880
- Total Liabilities: $61,761
- Net Assets: $229,119
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Scholarships
Revenue
$268,620
Organization Details
Founding Year
1993
Principal Officer
Kathy Burt
Main Address
550 Bailey Ave STE 150, Fort Worth, TX, 76107
Website
www.starcsffw.orgNTEE Category
Code: B82Z - Education
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