Star Sponsorship Program Inc
- Assets
- $300.7k
- Revenue
- $447.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Fort Worth, TX
- Founding
- 03/1994
- Data as of
- 06/2022
- EIN
- 75-2510864
Organization Overview
Star Sponsorship Program Inc is located in Fort Worth, TX. The organization was established in 1994. 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 06/2022, Star Sponsorship Program Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Star Sponsorship Program Inc 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 06/2022, Star Sponsorship Program Inc generated $447.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $392.5k during the year ending 06/2022. While expenses have increased by 8.0% per year over the past 7 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.
Since 2014, Star Sponsorship Program Inc has awarded 113 individual grants totaling $1,783,653. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TUITION FOR STUDENTS OF LOW-INCOME FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
STAR RAISES FUNDS TO HELP LOW-INCOME FAMILIES PAY THE COST OF TUITION TO PRIVATE SCHOOLS. STUDENTS ARE MATCHED WITH SPONSORS. PAYMENTS ARE MADE DIRECTLY TO THE SCHOOLS.
STEPUP IS A MINOR PROGRAM WHICH USES SMALLER DONATIONS TO HELP FAMILIES WITH INCIDENTAL EDUCATIONAL COSTS AND NEEDS SUCH AS SUMMER SCHOOL FEES, USED COMPUTERS AS WELL AS MERIT REWARDS FOR GOOD PERFORMANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patty Myers Executive Director | Officer | 40 | $85,592 |
Diego Semper Secretary | OfficerTrustee | 0.1 | $0 |
Paul W Greenwell Co-Chairman | OfficerTrustee | 0.5 | $0 |
John Pergande Co-Treasurer | OfficerTrustee | 0.1 | $0 |
Peter Philpott Co-Treasurer | OfficerTrustee | 0.1 | $0 |
Frost Prioleau Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,275 |
| All other contributions, gifts, grants, and similar amounts not included above | $168,376 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $192,651 |
| Total Program Service Revenue | $254,902 |
| Investment income | $29 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $447,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $221,425 |
| 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. | $84,500 |
| Compensation of current officers, directors, key employees. | $12,675 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,369 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,171 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $258 |
| Advertising and promotion | $0 |
| Office expenses | $1,218 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,954 |
| Travel | $1,503 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,418 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,104 |
| All other expenses | $1,751 |
| Total functional expenses | $392,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,346 |
| Savings and temporary cash investments | $196,210 |
| Pledges and grants receivable | $15,798 |
| Accounts receivable, net | $0 |
| 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 | $1,334 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $300,688 |
| Accounts payable and accrued expenses | $1,669 |
| Grants payable | $0 |
| Deferred revenue | $89,498 |
| 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 | $4,020 |
| Total liabilities | $95,187 |
| Net assets without donor restrictions | $0 |
| 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 | $205,501 |
| Total liabilities and net assets/fund balances | $300,688 |
Grants Awarded
Over the last fiscal year, Star Sponsorship Program Inc has awarded $221,425 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ST RITA CATHOLIC SCHOOL PURPOSE: Tuition | $47,900 |
Fort Worth, TX PURPOSE: Tuition | $35,000 |
Fort Worth, TX PURPOSE: Tuition | $30,500 |
ST GEORGE SCHOOL PURPOSE: Tuition | $17,000 |
FORT WORTH ACADEMY PURPOSE: Tuition | $15,400 |
Fort Worth, TX PURPOSE: Tuition | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Star Sponsorship Program Inc has recieved totaling $78,274.
| Awarding Organization | Amount |
|---|---|
Thomas M & Helen Mckee & John P Ryan Foundation Inc Fort Worth, TX PURPOSE: SCHOLARSHIP AND PROGRAM SUPPORT | $20,000 |
The Miles Foundation Inc Fort Worth, TX PURPOSE: GENERAL OPERATIONS | $20,000 |
Capital For Kids Dallas, TX PURPOSE: GENERAL PURPOSE | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,000 |
Leo Potishman Foundation Chicago, IL PURPOSE: GENERAL | $10,000 |
The Hazelwood Foundation San Antonio, TX PURPOSE: EDUCATIONAL | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |