The Sponsors Scholarship Program Formerly 'the Sponsors'
Nonprofit profile at a glance
- EIN
- 202511913
- IRS 990-EZ coverage
- 2013–2016
- Forms available
- Form 990 2012, Form 990-EZ 2016
- Location
- Nashville, TN, USA
- Phone
- 6153565729
- Rating
- 92
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $43,941
- Expenses
- $372,307
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- GARRY SHARP (CHAIRMAN & CEO)
People named in this filing
- GEORGE LANGSTAFF (CHAIRMAN EMER.)
- CHARLIE BRYAN (FINANCE CHAIR)
- KAYE EVANS (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the sponsors scholarship program is to offer financial and mentoring assistance to young people of promise who are financially unable to pay for their own post high school education by providing up to $2500 annually to bridge the gap between other scholarships received and the cost of the student's chosen school.
What it reported doing in 2016
The sponsors, as part of the dissolution process, made grants to the community foundation of middle Tennessee. The establishment of the sponsors scholarship fund at community foundation of middle Tennessee continues the mission of the organization in perpetuity while dissolving the corporation.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 99
- Transparency & Controls: 100
- Sustainability: 8
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 97.9%; rating input score 98
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -747.3%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 31.7% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: -19.1% per year; rating input score 0; 18th percentile among comparable filings
- Asset growth: -7.3% per year; rating input score 0; 25th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 97.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $365K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Filing history: 4 filing years from 2013 to 2016
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 2/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.