Star Kids Scholarship Program
- Assets
- $400.9k
- Revenue
- $559.3k
- Investments
- $0.0
- Employees
- 3
- Location
- New Bedford, MA
- Founding
- 03/2010
- Data as of
- 06/2021
- EIN
- 27-0372266
Organization Overview
Star Kids Scholarship Program is located in New Bedford, MA. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Star Kids Scholarship Program employed 3 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Star Kids Scholarship Program 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 06/2021, Star Kids Scholarship Program generated $559.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $425.4k during the year ending 06/2021. While expenses have increased by 4.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL OPPORTUNITIES IN THE FORM OF TUITION AID TO EFFECTIVE NON-PUBLIC SCHOOLS, UNIFORMS, AFTER-SCHOOL AND SUMMER PROGRAMS, TUTORING AND MENTORING FOR THOSE HIGH-RISK, LOW-INCOME CHILDREN WHO HAVE A PARENT WITH A HISTORY OF INCARCERATION AND/OR SUBSTANCE ABUSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM PROVIDED FINANCIAL ASSISTANCE AND PERSONAL SUPPORT TO APPROXIMATELY 124 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen M Lough Executive Di | Officer | 40 | $65,545 |
Timothy Flanigan MD Founder | OfficerTrustee | 2 | $0 |
Laura Mcphie Oliveira Ed D President | OfficerTrustee | 1 | $0 |
Julie Lohr Vice Preside | OfficerTrustee | 1 | $0 |
Cheryl Fuller Sparks Secretary | OfficerTrustee | 1 | $0 |
Merry Conway Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,755 |
| Related organizations | $0 |
| Government grants | $18,297 |
| All other contributions, gifts, grants, and similar amounts not included above | $477,067 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $499,119 |
| Total Program Service Revenue | $0 |
| Investment income | $2,416 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,459 |
| Net Income from Fundraising Events | $53,326 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $559,320 |
| 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 | $0 |
| Other salaries and wages | $110,982 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,477 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,321 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,529 |
| Fees for services: Other | $3,665 |
| Advertising and promotion | $150 |
| Office expenses | $16,639 |
| Information technology | $3,558 |
| Royalties | $0 |
| Occupancy | $6,143 |
| Travel | $1,485 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $108 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $240 |
| Insurance | $415 |
| All other expenses | $11,537 |
| Total functional expenses | $425,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $288,588 |
| Savings and temporary cash investments | $116,310 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$4,375 |
| 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 | $0 |
| Net Land, buildings, and equipment | $359 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $400,882 |
| Accounts payable and accrued expenses | $1,669 |
| 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 | $1,669 |
| Net assets without donor restrictions | $399,213 |
| Net assets with donor restrictions | $0 |
| 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 | $400,882 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Star Kids Scholarship Program has recieved totaling $58,125.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $28,125 |
Island Foundation Inc Marion, MA PURPOSE: EDUCATION | $20,000 |
Amelia Peabody Foundation Wellesley, MA PURPOSE: SUPPORTIVE EDUCATIONAL PROGRAM FOR AT RISK YOUTHS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
N H Higher Education Loan Corporation Concord, NH | $928,313,847 | $60,034,018 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |