The Oliver Scholars Program INC FY2022 filing

Tax-deductible

New York, NY501(c)(3)EIN 13-3248876Revenue $1.8M in FY2022

On file with the IRSoliverscholars.org14 Wall St Ste 1720, 10005-2132 · New York, NYTax-exempt since Mar 1985Publicly supported charity — 170(b)(1)(A)(vi)

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To prepare high-achieving african-american and latino students for success. We provide crucial support for our Scholars so that they can realize their full potential and ultimately give back to the city, the nation, and the world.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$848K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $2.2M a year · 95% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$848K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
15
named funders · $607K
Looks good: 15 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$438K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
-34% vs prior year
Spent
$4.4M
To programs
72%
Net assets
$21.7M
By yearFY2020–FY2024
Revenue
$1.8M
FY2022▼ -34%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$2.7M
FY2022$1.8M
FY2023$2.5M
FY2024$2.9M
Expenses
$4.4M
FY2022▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.9M
FY2021$3.9M
FY2022$4.4M
FY2023$4.8M
FY2024$5.2M
Net assets
$21.7M
FY2022▼ -23%
Tap a bar for its year
Net assets by fiscal year
FY2020$28.3M
FY2021$28.3M
FY2022$21.7M
FY2023$21.5M
FY2024$19.7M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1985.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $3.2M Management & general 17% · $739K Fundraising 11% · $492K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990; $848K paid to officers and key staff.

Part VII, Section A · reportable compensation
$280,757Pt VII · Sec A
Chief Development Officer
$158,901Pt VII · Sec A
Program & Equity Officer
$149,990Pt VII · Sec A
And Academic Officer
$144,398Pt VII · Sec A
Chief Operations Officer
$113,768Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Dr Danielle R Moss-Cox$306,695$294,959$280,757——
Dr Danielle R Moss———$236,412$232,052
Gabrielle Gilliam—$159,911$158,901$155,195$145,350
Dr Deidre Franklin Chief$158,640$151,067$149,990——
Mark Hall - Chief Enrollment$152,016$144,938$144,398——
Deidre Franklin———$134,913$130,345
Mark Hall - Vice President———$121,074$123,525
Sharon Sturrup$118,801$113,868$113,768$111,536$110,926

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Oliver Scholars Program INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Prepares high-achieving Black and Latino students for success through crucial support.

Provided by the organization

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3 programs · $2.9M · in their own filed words · FY2022
01

Scholar Services

Once our scholars matriculate at competitive high schools, they continue to receive support from the oliver scholars scholar services team. Every scholar attending an independent boarding school receives 1-2 on-campus visits from a member of our team.

$1.1Mprogram expense
02

Scholar Immersion Program

The scholar immersion program, also known as sip, is a 14-MONTH academic and social enrichment program intended to give students the academic, study, and social skills they will need to be successful at rigorous high schools. Students attend the program for two 56-WEEK summer sessions and a year of saturday classes.

$948Kprogram expense
03

Admissions & Placement

Our admissions and placement program is focused on developing trusting relationships with middle schools and community-based organizations across the five boroughs of new york city to identify high-achieving black and latinx 7TH graders for participation in the oliver scholars program.

$904Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 15 funders →
Grants paid · 8 grants · $106K · 2020–2023
Unitemized GrantFY2023$6,750
Unitemized GrantFY2022$27,000
Unitemized GrantFY2022$2,750
Unitemized GrantFY2022$1,000
Unitemized GrantFY2021$11,100
Unitemized GrantFY2021$2,925
Unitemized GrantFY2020$52,400
Unitemized GrantFY2020$2,475

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$1.4M
Investment incomeLn 3$444K
Money outPt IX
$4.4M
Ln 25
Programscol B$3.2M
Managementcol C$739K
Fundraisingcol D$492K
Owns and owesPt X
$21.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$22.1M
LiabilitiesLn 26$438K
PeoplePt VI, VII
22
listed · VII A
PaidVII A5
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Noncash giftsLn 1g$46K
Fundraising eventsLn 1c$620K
Investment incomeLn 3$444K
Gains on assetsLn 7−$2K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$1.0M
SavingsLn 2$343K
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$20.2M
Land, buildings, equipmentLn 10c$54K
Other assetsLn 15$278K
Total assetsLn 16$22.1M
LiabilitiesLn 26$438K
Net assetsLn 32$21.7M
OperationsPt I, VI
EmployeesI 548
VolunteersI 6146
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.8M$1.4M
InvestmentsLn 11–13$26.3M$20.2M
Land, buildings, equipmentLn 10c$88K$54K
Total assetsLn 16$28.5M$22.1M
LiabilitiesLn 26$264K$438K
Net assetsLn 32$28.3M$21.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$31K$31K
Pay of current officers, directors and key staffLn 5$534K$212K$136K$186K
Other salaries and wagesLn 7$1.8M$1.5M$80K$160K
Pension plan contributionsLn 8$42K$38K$1K$3K
Other employee benefitsLn 9$238K$198K$9K$31K
Payroll taxesLn 10$206K$158K$18K$31K
Management feesLn 11a$114K$98K$16K
Legal feesLn 11b$43K$43K
Accounting feesLn 11c$28K$28K
Investment management feesLn 11f$108K$108K
Other fees for servicesLn 11g$181K$119K$55K$7K
Advertising and promotionLn 12$4K$2K$2K
Office expensesLn 13$185K$136K$45K$3K
Information technologyLn 14$98K$63K$22K$13K
OccupancyLn 16$520K$402K$58K$59K
TravelLn 17$94K$93K$1K
Conferences, conventions and meetingsLn 19$19K$14K$6K
InterestLn 20$905$905
Depreciation, depletion and amortizationLn 22$75K$75K
InsuranceLn 23$77K$50K$27K
Other expenses (24a–d)Ln 24$18K$11K$7K
Total functional expensesLn 25$4.4M$3.2M$739K$492K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.9M$5.2M−$2.3M$19.7M 990 PDF
FY2023 $2.5M$4.8M−$2.3M$21.5M 990 PDF
FY2022 Viewing $1.8M$4.4M−$2.6M$21.7M 990 PDF
FY2021 $2.7M$3.9M−$1.2M$28.3M 990 PDF
FY2020 $1.6M$3.9M−$2.4M$28.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $1,759,893 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $943,882$1,384,024
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,705,743$443,991
I-11 Other revenuePrior year $527−$68,122
I-12 Total revenuePrior year $2,650,152$1,759,893
I-13 Grants and similar amounts paidPrior year $15,401$30,750
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,388,868$2,787,477
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,459,933$1,564,884
I-18 Total expensesPrior year $3,864,202$4,383,111
I-19 Revenue less expensesPrior year −$1,214,050−$2,623,218
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,759,893 across 8 lines filed
VIII-1c Fundraising events$619,563
VIII-1f All other contributions, gifts and grants$764,461
VIII-1g Noncash contributions (included above)$45,573
VIII-1h Total contributions, gifts and grants$1,384,024
VIII-3 Investment incomeExcluded from tax $446,381$446,381
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$2,390−$2,390
VIII-8 Net income from fundraising eventsExcluded from tax −$68,122−$68,122
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $375,869$1,759,893
Part IX · Statement of functional expenses $4,383,111 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $30,750$30,750
IX-5 Pay of current officers, directors and key staffPrograms $212,471 · Management $135,814 · Fundraising $185,553$533,838
IX-7 Other salaries and wagesPrograms $1,526,648 · Management $80,188 · Fundraising $159,987$1,766,823
IX-8 Pension plan contributionsPrograms $38,106 · Management $1,391 · Fundraising $2,795$42,292
IX-9 Other employee benefitsPrograms $198,154 · Management $9,321 · Fundraising $30,665$238,140
IX-10 Payroll taxesPrograms $157,554 · Management $18,277 · Fundraising $30,553$206,384
IX-11a Management feesPrograms $97,865 · Management $16,135$114,000
IX-11b Legal feesManagement $43,297$43,297
IX-11c Accounting feesManagement $27,925$27,925
IX-11f Investment management feesManagement $108,133$108,133
IX-11g Other fees for servicesPrograms $118,951 · Management $54,878 · Fundraising $6,767$180,596
IX-12 Advertising and promotionPrograms $2,457 · Management $1,540$3,997
IX-13 Office expensesPrograms $135,816 · Management $45,350 · Fundraising $3,369$184,535
IX-14 Information technologyPrograms $62,558 · Management $22,462 · Fundraising $12,800$97,820
IX-16 OccupancyPrograms $402,442 · Management $57,738 · Fundraising $59,425$519,605
IX-17 TravelPrograms $93,180 · Management $1,100$94,280
IX-19 Conferences, conventions and meetingsPrograms $13,500 · Management $5,758$19,258
IX-20 InterestManagement $905$905
IX-22 Depreciation, depletion and amortizationManagement $75,235$75,235
IX-23 InsurancePrograms $50,303 · Management $27,015$77,318
IX-24 Other expenses (24a–d)Programs $11,453 · Management $6,527$17,980
IX-25 Total functional expensesPrograms $3,152,208 · Management $738,989 · Fundraising $491,914$4,383,111
Part X · Balance sheet $22,138,534 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $866,220$1,011,524
X-2 Savings and temporary cash investmentsStart of year $926,462$343,063
X-3 Pledges and grants receivableStart of year $199,630$167,124
X-9 Prepaid expenses and deferred chargesStart of year $24,510$95,588
X-10c Land, buildings and equipment, netStart of year $87,620$54,111
X-11 Publicly traded securitiesStart of year $26,289,430$20,189,028
X-15 Other assetsStart of year $129,906$278,096
X-16 Total assetsStart of year $28,523,778$22,138,534
X-17 Accounts payable and accrued expensesStart of year $237,483$276,183
X-25 Other liabilitiesStart of year $26,756$161,858
X-26 Total liabilitiesStart of year $264,239$438,041
X-27 Net assets without donor restrictionsStart of year $11,521,749$8,102,703
X-28 Net assets with donor restrictionsStart of year $16,737,790$13,597,790
X-32 Total net assets or fund balancesStart of year $28,259,539$21,700,493
X-33 Total liabilities and net assetsStart of year $28,523,778$22,138,534
Part XI · Reconciliation of net assets $21,700,493 net assets at year end
XI-1 Total revenue$1,759,893
XI-2 Total expenses$4,383,111
XI-3 Revenue less expenses−$2,623,218
XI-4 Net assets at start of year$28,259,539
XI-5 Net unrealized gains (losses) on investments−$3,912,628
XI-9 Other changes in net assets−$23,200
XI-10 Net assets at end of year$21,700,493

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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