Overview
What is Saratoga Sponsor-A-Scholar?
Saratoga Sponsor-A-Scholar is a nonprofit organization based in Saratoga Springs, New York. Their mission is to provide support to economically disadvantaged high school students with a B/C average, who are motivated to excel academically but could benefit from additional guidance. The program, which runs from sophomore year through college graduation, selects eligible students through a rigorous process including applications, recommendations, and interviews. Students participate in academic support sessions, tutoring, and SAT/PSAT training. The program is funded by individual, foundation, or corporate sponsors, with each student's participation costing $10,000. The program also provides annual cash stipends to students for successful college completion. Each scholar is paired with an adult mentor, and the mentor-student relationship serves as a valuable source of support. The ultimate goal of Saratoga Sponsor-A-Scholar is to increase access to higher educational programs, benefiting not only the students and their families but also the community at large.
Official website here: www.saratogasponsorascholar.org
Is Saratoga Sponsor-A-Scholar legitimate?
Saratoga Sponsor-A-Scholar is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saratoga Sponsor-A-Scholar 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.
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Executive Compensation: $30,000
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Official website here: www.saratogasponsorascholar.org
What is the mission statement of Saratoga Sponsor-A-Scholar?
Saratoga Sponsor-A-Scholar's mission is centered around assisting economically disadvantaged students, both male and female, to complete high school and proceed to college graduation. They select motivated students with a B/C average, showing commitment to their education, and provide them with additional support and guidance to meet their academic goals. The program, which spans from sophomore year through college graduation, offers academic support, such as tutoring and funding for advanced placement courses. Sponsorship is provided by various individuals, foundations, or corporations, and students receive annual cash stipends for successful college completion. Each scholar is paired with an adult mentor, and the program aims to increase access to higher educational programs, benefiting not only the students and their families but also the larger community with the return of college-educated individuals.
Official website here: www.saratogasponsorascholar.org
Who is the CEO of Saratoga Sponsor-A-Scholar?
Cynthia D Hollowood is the Board Member (2021/2022) of Saratoga Sponsor-A-Scholar.
Official website here: www.saratogasponsorascholar.org
What is the revenue of Saratoga Sponsor-A-Scholar?
Saratoga Sponsor-A-Scholar's revenue in 2022 was $319,737.
Official website here: www.saratogasponsorascholar.org
Who are the executives of Saratoga Sponsor-A-Scholar and what are their salaries?
There 62 volunteers at Saratoga Sponsor-A-Scholar.
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Official website here: www.saratogasponsorascholar.org
Where can I find the form 990 for Saratoga Sponsor-A-Scholar?
Saratoga Sponsor-A-Scholar's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.saratogasponsorascholar.org
Learn more at the official website: www.saratogasponsorascholar.org
Mission Statement of Saratoga Sponsor-A-Scholar
Saratoga Sponsor-A-Scholar is a mission-driven organization that aims to assist economically disadvantaged young men and women in completing high school and graduating from college. The nonprofit selects motivated students with a B/C average and a demonstrated commitment to their education, often being the first in their families to attend college. These students participate in the program from their sophomore year through college graduation.
The organization provides academic support through Saratoga Springs High School, where two academic coordinators from the guidance department oversee the enrollment and application process. Tutors are available for homework sessions, and the program encourages and funds advanced placement (AP) courses and PSAT/SAT training. Saratoga Sponsor-A-Scholar also enlists individual, foundation, or corporate sponsors to cover the participation costs of the students, with sponsorship of a single student costing $10,000. The program provides annual cash stipends of $2,500 for every successful year of college completion.
In addition to academic support, each scholar is matched with an adult mentor when they begin the program. The prerequisites for becoming a mentor include a college degree and a commitment to meet at least once a month for three years of high school and the first year of college. Mentors serve as role models and help students identify college resources. The mentor-student relationship provides a valuable source of support to scholars seeking a seasoned perspective and an active listener.
In essence, Saratoga Sponsor-A-Scholar's mission 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, the organization hopes 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 their community.
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Impact
October, 2024
Saratoga Sponsor-A-Scholar has a significant impact on economically disadvantaged young men and women by providing essential support to help them complete high school and graduate from college. This program targets motivated students who demonstrate academic potential, typically maintaining a B/C average, and are nominated by their teachers and guidance counselors.
From their sophomore year through college graduation, students receive academic support including tutoring from qualified educators, funding for advanced placement courses, and preparation for standardized tests like the PSAT and SAT. The commitment to education is further reinforced by matching each scholar with an adult mentor who provides guidance, encouragement, and serves as a positive role model throughout high school and the first year of college.
Financially, the program is designed to alleviate some of the burdens associated with higher education. Each student is sponsored at a cost that covers academic support, with the added benefit of an annual cash stipend for each year of successful college completion. This investment not only supports individual scholars but aims to strengthen the community as a whole by increasing access to higher education and fostering a culture of achievement.
On average, about 70 students participate each year, and the program's focus on mentorship and community engagement cultivates an environment conducive to personal and educational growth. By enabling these young individuals to achieve their academic goals, Saratoga Sponsor-A-Scholar ultimately contributes to a brighter future for both the scholars and the broader Saratoga Springs community.
This information is meant to be a general summary of Saratoga Sponsor-A-Scholar. 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 2022.
- Investment Income: $12,223
- Gross Receipts: $877,306
Assets and Liabilities:
- Total Assets: $1,892,222
- Total Liabilities: $0
- Net Assets: $1,892,222
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Organization Details
Founding Year
2002
Phone
(518) 207-7682Principal Officer
Cynthia D Hollowood
Main Address
PO BOX 107, SARATOGA SPRINGS, NY, 12866
NTEE Category
Code: A65 - Arts
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