2020-07-07T10:43:04-05:00 2019-08-31 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2018-09-01 133392965 STUDENTSPONSOR PARTNERSHIP INC STUD 2129869575 424 MADISON AVE 3RD FLOOR NEW YORK NY 10017 DEBRA VIZZI EXECUTIVE DIRECTOR 2129869575 2020-07-06 1 GARRETT M HIGGINS P00543209 2122862600 2020-07-06 100.2.127.74 2020-07-06 16:19:33 ED P 4F9F0882E2C1046A9DC4DC01D0F262469E3815E0 4F9F0882E2C1046A9DC4DC01D0F262469E3815E0 2018 2021-01-29 14:40:06Z DEBRA VIZZI 424 MADISON AVE 3RD FLOOR NEW YORK NY 10017 19671144 0 X WWW.SSPNYC.ORG X 1986 NY TO PROVIDE AT-RISK YOUTHS WITH TUITION NEEDED TO ATTEND PRIVATE PAROCHIAL HIGH SCHOOLS IN NYC. 25 25 23 1139 0 0 7502435 19392595 1998 0 65411 89377 -15442 -115521 7554402 19366451 5398250 5222430 0 0 1485153 1916211 64133 65000 1048483 1033545 1727159 7981081 8930800 -426679 10435651 10203550 20822968 1531371 217238 8672179 20605730 STUDENT/SPONSOR PARTNERSHIP HARNESSES THE POWER OF QUALITY EDUCATION AND MENTORSHIP TO HELP LOW-INCOME AND ACADEMICALLY AVERAGE NEW YORK CITY YOUTH ESCAPE THE CYCLE OF POVERTY AND REACH THEIR HIGHEST POTENTIAL. 0 0 7146928 5222430 SSP'S MISSION IS TO PROVIDE ECONOMICALLY AND EDUCATIONALLY DISADVANTAGED STUDENTS ACCESS TO PRIVATE EDUCATION THROUGH FINANCIAL SCHOLARSHIPS PROVIDED BY A SPONSOR AND INDIVIDUAL MENTORING AND COACHING PROVIDED BY AN ADULT MENTOR. SSP FURTHER SUPPORTS OUR STUDENTSWITH COLLEGE READINESS PROGRAMS AND COLLEGE SCHOLARSHIPS. SSP HAS FINANCED AND GUIDED OVER 7,000 STUDENTS THROUGH HIGH SCHOOL. 1150 SSP STUDENTS COMPLETED THE 2018-2019 SCHOOL YEAR AND RECEIVED OVER $5 MILLION IN SCHOLARSHIPS FROM SSP TO ATTEND 26 PAROCHIAL SCHOOLS THROUGHOUT NEW YORK CITY. OUR MENTORS CONTRIBUTE OVER 7,000 HOURS EVERY YEAR TO DIRECTLY SUPPORT OUR STUDENTS. 7146928 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 17 0 23 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X DEBRA VIZZI EXECUTIVE DIRECTOR 2129869575 424 MADISON AVE 3RD FLOOR NEW YORK NY 10017 CHRISTOPHER J NIEHAUS CHAIR 5.00 X X 0 0 0 JIM HEALY VICE-CHAIR 4.00 X X 0 0 0 KEVIN J CONWAY VICE-CHAIR 4.00 X X 0 0 0 ROBERT H NIEHAUS VICE-CHAIR 4.00 X X 0 0 0 SIDNEY E GOODFRIEND VICE-CHAIR 4.00 X X 0 0 0 ALOYSIUS MCLAUGHLIN TREASURER 3.00 X X 0 0 0 EDWARD COX DIRECTOR 2.00 X 0 0 0 BRIAN HOFFMAN DIRECTOR 3.00 X 0 0 0 ANDREW HORROCKS DIRECTOR 3.00 X 0 0 0 ALFRED F HURLEY JR DIRECTOR 2.00 X 0 0 0 PETER J LYON DIRECTOR 2.00 X 0 0 0 TOM MERCEIN DIRECTOR 2.00 X 0 0 0 LORA ROBERTSON DIRECTOR 2.00 X 0 0 0 VALERIE ANN ROWE DIRECTOR 5.00 X 0 0 0 STEPHEN M SCHILLER DIRECTOR 3.00 X 0 0 0 WILLIAM ANDERSON DIRECTOR 2.00 X 0 0 0 HENRY MULHOLLAND DIRECTOR 4.00 X 0 0 0 MEGAN FLANIGAN DIRECTOR 3.00 X 0 0 0 JOHN STOSSEL DIRECTOR 2.00 X 0 0 0 STEVEN LIPIN DIRECTOR 2.00 X 0 0 0 ROBERT HUNTINGTON DIRECTOR 3.00 X 0 0 0 ROBERT BRENNAN DIRECTOR 2.00 X 0 0 0 SUSAN DUNNE DIRECTOR 2.00 X 0 0 0 MICHAEL SCHAFTEL DIRECTOR 3.00 X 0 0 0 ROBERT SPENCER DIRECTOR 3.00 X 0 0 0 DEBRA VIZZI EXECUTIVE DIRECTOR/SECRETARY 50.00 X 326038 0 27701 DEBORAH HOFFMAN VP OF FIN. AND ADMIN. AS OF JAN 2019 40.00 X 9038 0 0 KAITLIN R MCTIGHE DIRECTOR OF DEVELOPMENT 40.00 X 130807 0 25244 ANGEL M FRANCIS DIRECTOR OF STUDENT & SCHOOL RELATIONS 40.00 X 111329 0 40481 577212 0 93426 3 0 1 0 SKD KNICKERBOCKER 1150 18TH STREET NW WASHINGTON DC 20036 STRATEGIC CONSULTING SERVICE 116670 1 2491771 16900824 266941 19392595 86109 86109 46055 42787 3268 3268 3268 146385 2491771 261906 -115521 -115521 19366451 0 0 -26144 5222430 5222430 512644 80483 190711 241450 1204230 735066 82332 386832 23242 11151 3667 8424 60447 37188 7386 15873 115648 55486 18248 41914 4707 4707 35492 35492 65000 65000 754626 520511 112988 121127 3630 2197 647 786 174807 45011 42591 87205 125630 66263 35010 24357 285598 242758 28560 14280 52019 23838 11540 16641 48314 26979 7548 13787 16491 14017 1649 825 11093 6087 1741 3265 UBI TAX PAYMENT 2086 2086 BAD DEBT EXPENSES 146124 146124 COORDINATOR STIPENDS 36005 36005 OTHER DIRECT OPERATING 11810 7625 95 4090 18727 13833 2267 2627 8930800 7146928 735389 1048483 2715185 2129747 6268191 7938706 24600 8946039 80655 171093 256914 48885 20950 208029 1062574 1397959 31395 31395 10203550 20822968 132025 186602 1399346 30636 1531371 217238 X 8166860 7240645 161533 11515299 343786 1849786 8672179 20605730 10203550 20822968 X 10435651 98555 1399345 0 X X 0 1 X 1 0 X 7374255 6268387 6248406 7502435 19392595 46786078 7374255 6268387 6248406 7502435 19392595 46786078 1201858 45584220 16988 41300 47650 65411 86109 257458 47043536 23526 0.96900 0.97390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 505319 1506000 15641 161533 1865427 605891 185720 286292 505319 600628 201456 196193 605891 545011 161235 105618 600628 568536 78075 101600 545011 0.00000 0.99160 0.00840 0 0 74306 3715 70591 45218 36905 8313 137390 8265 129125 208029 DEFERRED RENT 30636 30636 X 19606704 98555 141698 240253 19366451 0 19366451 9072498 141698 141698 8930800 0 8930800 PART V, LINE 4: THE ORGANIZATION HAS SEVERAL PERMANENTLY AND TEMPORARILY RESTRICTED FUNDS WHOSE PRIMARY PURPOSES ARE TO PROVIDE SCHOLARSHIPS FOR STUDENTS MEETING VARIOUS CHARACTERISTICS. IN ADDITION, THERE ARE FUNDS RESTRICTED FOR THE ORGANIZATION'S COLLEGE AND CAREER PREP PROGRAM. INSTEAD OF ADJUSTING THE BEGINNING OF YEAR ENDOWMENT NET ASSETS FOR 2018 OF $161,533 TO REFLECT THE AMOUNT REPORTED ON THE AUDITED FINANCIAL STATEMENTS, THIS CHANGE IS REFLECTED IN OTHER EXPENDITURE FOR 2018. PART X, LINE 2: SSP RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THERE WERE NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. SSP IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO AUGUST 31, 2016. X X X X 1 CMI EVENT PLANNING & FUNDRAISING 1325 SIXTH AVENUE NEW YORK NY 10019 ORGANIZE FOUNDERS' DINNER 0 3280018 65000 3215018 3280018 65000 3215018 NY FOUNDERS' DINNER 2548888 2422218 126670 3268 169318 4505 55706 FALL BENEFIT 73318 53603 19715 19716 2063 1 15950 15950 3255 2962 1113 2638156 2491771 146385 3268 192289 2962 4505 58882 261906 -115521 SCHEDULE G, PART I, LINE 2B, COLUMN (V) SSP SHALL PAY CMI EVENT PLANNING & FUNDRAISING $65,000 FOR SERVICE RENDERED. THE COMPENSATION ARRANGEMENT INCLUDES CMI EVENT PRODUCERS, AS WELL AS ADDITIONAL SUPPORT AND ADMINISTRATIVE STAFF. 1 TUITION & SCHOLARSHIPS 1183 5220262 AWARDS - STUDY ABROAD FEE 1 2168 PART I, LINE 2: THE AMOUNT OF TUITION ASSISTANCE IS SET FROM THE BEGINNING OF THE ACADEMIC YEAR AND VERIFIED BY THE SCHOOL AND THE SSP SCHOOLS TEAM QUARTERLY. SSP'S SCHOOLS TEAM CHECK WITH EACH SCHOOL ON A QUARTERLY BASIS ON THE NUMBER OF STUDENTS CURRENTLY ENROLLED AND THE COST FOR THAT QUARTER'S TUITION. IF A STUDENT LEAVES THE PROGRAM, WE ONLY PAY FOR THE WEEKS THAT THEY ATTENDED SCHOOL. WE RECEIVE IMMEDIATE NOTICE WHEN A STUDENT LEAVES THE PROGRAM AND UPDATE OUR INVOICES ACCORDINGLY. X X X X 0 0 0 0 0 0 0 1 0 DEBRA VIZZI EXECUTIVE DIRECTOR/SECRETARY 276038 0 50000 0 0 0 0 0 27701 0 353739 0 0 0 KAITLIN R MCTIGHE DIRECTOR OF DEVELOPMENT 130807 0 0 0 0 0 6103 0 19141 0 156051 0 0 0 ANGEL M FRANCIS DIRECTOR OF STUDENT & SCHOOL RELATIO 89329 0 22000 0 0 0 6163 0 34318 0 151810 0 0 0 PART I, LINE 7 BONUSES WERE PAID BASED ON THE PERFORMANCE OF THE INDIVIDUALS AND WITHIN THE APPROVED BUDGET. BONUSES WERE TAXABLE AND REPORTED ON THE INDIVIDUALS' 2018 FORM W-2S, AND INCLUDED ON SCHEDULE J, PART II IN COLUMN B (II). X 14 266941 AVG. SELLING PRICE 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B) OF SCHEDULE M. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS ROBERT NIEHAUS AND CHRISTOPHER NIEHAUS HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO BOTH THE CHAIR OF THE AUDIT COMMITTEE AND THE FINANCE COMMITTEE. AS REPRESENTATIVES OF SSP'S GOVERNING BODY, BOTH CHAIRS REVIEW THE FORM 990 FOR ACCURACY. UPON THEIR APPROVAL, THE FORM 990 IS SUBMITTED TO THE IRS. A COPY OF THE FINAL, APPROVED FORM 990 IS PROVIDED TO ALL BOARD MEMBERS, PRIOR TO THE FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD AS WELL AS THE EXECUTIVE DIRECTOR ARE SUBJECT TO A CONFLICT OF INTEREST POLICY. IN THE EVENT THAT THE BOARD CONSIDERS AN ISSUE THAT INVOLVES THE FINANCIAL RELATIONSHIP BETWEEN THE CORPORATION AND A MEMBER OF THE BOARD, THE BOARD MEMBER WILL DISCLOSE TO THE BOARD THE FINANCIAL RELATIONSHIP THAT THE PARTICULAR BOARD MEMBER HAS WITH RESPECT TO THE ISSUE. THE BOARD MEMBER SHALL REFRAIN FROM VOTING ON THE MATTER. THE POLICY IS APPLICABLE TO TRANSACTIONS INVOLVING BOARD MEMBERS AND THEIR IMMEDIATE FAMILY MEMBERS. OFFICERS, DIRECTORS AND TRUSTEES ARE REQUIRED TO DISCLOSE CONFLICT OF INTEREST ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD CHAIR AND CHAIR OF SSP'S HR COMMITTEE CONDUCTS A FORMAL PERFORMANCE REVIEW OF THE EXECUTIVE DIRECTOR AT THE END OF THE FISCAL YEAR. BASED ON ACCOMPLISHMENTS AGAINST GOALS, THE EXECUTIVE DIRECTOR'S COMPENSATION IS DISCUSSED WITH THE EXECUTIVE COMMITTEE AND RECOMMENDED SALARY INCREASE IS ALIGNED WITH THE PROFESSIONAL FOR NONPROFITS ANNUAL NONPROFIT SALARY AND STAFFING REPORT FOR THE NEW YORK CITY AREA. THE EXECUTIVE COMMITTEE OR BOARD CHAIR AS THEIR DESIGNEE SERVES AS THE COMPENSATION COMMITTEE FOR THE MOST HIGHLY PAID INDIVIDUALS. IN REVIEWING COMPENSATION; THE ORGANIZATION TAKES THE ADVICE FROM DRG, INC., AND CONSULTED WITH THE COMPARATIVE SALARY ANALYSIS OF GUIDESTAR AND RELATED NONPROFITS. THE ORGANIZATION TAKES INTO CONSIDERATION BOTH COMPARATIVE SALARY, THE EMPLOYEE'S EXPERIENCE, AND THE NEW POSITION OF BUILDING OUT A DEPARTMENT. THE PROCESS TO REVIEW THE COMPENSATION WAS LAST UNDERTAKEN IN FY2019. FORM 990, PART VI, SECTION C, LINE 19 SSP MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG. IN ADDITION, FORMS 990 AND 1023 AS WELL AS THE FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST AT 424 MADISON AVENUE, 3RD FLOOR, NEW YORK, NY 10017, OR BY CALLING THE ORGANIZATION DIRECTLY AT (212) 986-9575. THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON SSP'S WEBSITE. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. FORM 990, PART XI, LINE 8: NET ASSETS WITH DONOR RESTRICTIONS HAVE BEEN INCREASED TO CORRECT AN UNDERSTATEMENT OF SPONSOR CONTRIBUTIONS. THE EFFECT OF THE ENTRY WAS AN INCREASE IN NET ASSETS WITH DONOR RESTRICTIONS AND A DECREASE IN LIABILITIES OF $1,399,345.