SSP INTERNATIONAL INC

EIN: 943341965 501(c)(3) Education

WILMINGTON, DE

Total Revenue
$9,252,893
Total Expenses
$8,208,273
Total Assets
$204,989,025
Net Assets
$204,627,667
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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
DE
Principal Officer
AMY GILLETTE
Phone
8667280999
Tax Period
2023-10-01 to 2024-09-30

SSP INTERNATIONAL INC, founded in 1999, is a community nonprofit in the Education sector that reported $9.3M in total revenue in fiscal year 2023. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $8.2M left a modest 11% surplus.

Mission

SSP PROVIDES STUDENTS WITH IMMERSIVE, TRANSFORMATIONAL OPPORTUNITIES TO LEARN, DO, AND BELONG IN SCIENCE. WE AIM TO IGNITE THE PASSION AND IMAGINATION OF YOUNG MINDS, OFFERING IMMERSIVE AND TRANSFORMATIONAL OPPORTUNITIES THAT GO BEYOND THE CLASSROOM. OUR GOAL IS TO CREATE A WORLD WHERE SCIENCE INSPIRES AND INFORMS HUMANITY, WHERE EVERY STUDENT FEELS THE THRILL OF DISCOVERY AND THE JOY OF SCIENTIFIC EXPLORATION.

Program Service Accomplishments

Program 1
Expenses: $6,245,046 Revenue: $3,260,166

SUMMER SCIENCE PROGRAM - SINCE ITS INCEPTION IN 1959, THE SUMMER SCIENCE PROGRAM HAS EMPOWERED HIGH SCHOOL STUDENTS WITH RIGOROUS STEM EXPERIENCES THAT IGNITE CURIOSITY AND INSPIRE DISCOVERY...

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SUMMER SCIENCE PROGRAM - SINCE ITS INCEPTION IN 1959, THE SUMMER SCIENCE PROGRAM HAS EMPOWERED HIGH SCHOOL STUDENTS WITH RIGOROUS STEM EXPERIENCES THAT IGNITE CURIOSITY AND INSPIRE DISCOVERY. PARTICIPANTS ENGAGE IN HANDS-ON RESEARCH PROJECTS IN FIELDS SUCH AS ASTROPHYSICS, BIOCHEMISTRY, BACTERIAL GENOMICS, AND SYNTHETIC CHEMISTRY GUIDED BY EXPERT FACULTY AND RESEARCHERS. THESE SPECIALISTS IN THEIR FIELDS MENTOR STUDENTS, HELPING THEM BUILD CONFIDENCE, HONE THEIR CRITICAL THINKING SKILLS, AND PUSH THE BOUNDARIES OF THEIR SCIENTIFIC KNOWLEDGE. EACH PROGRAM CONSISTS OF 12 TO 36 PARTICIPANTS AND 8 FACULTY MEMBERS WHO FORM A DIVERSE COMMUNITY OF LEARNING. THE FACULTY INCLUDES AN ACADEMIC DIRECTOR, AN ASSOCIATE ACADEMIC DIRECTOR (BOTH PHD SCIENTIST-EDUCATORS), A SITE DIRECTOR, AND FOUR TEACHING ASSISTANTS AND MENTORS. EVERYONE WORKS TOGETHER, IMMERSED IN THE CULTURE AND VALUES OF SCIENCE. FOR FIVE WEEKS, THEY LIVE AND LEARN TOGETHER ON A COLLEGE CAMPUS FOSTERING ANALYTICAL SKILLS, TEAMWORK, RESILIENCE, AND CREATIVITY IN A VIBRANT, IMMERSIVE ENVIRONMENT. PARTICIPANTS SPEND MANY HOURS EACH DAY IN THE CLASSROOM LEARNING THE THEORIES AND TECHNIQUES UNDERLYING THEIR RESEARCH, AND IN THE LABS AND OBSERVATORIES COLLECTING THE DATA THEY WILL ANALYZE. THE SUMMER SCIENCE PROGRAM IS INTENSE AND CHALLENGING MATERIAL IS PRESENTED AT A PACE FASTER THAN COLLEGE COURSES. THE SCHEDULE IS JAM-PACKED BUT EVERY PARTICIPANT RECEIVES A HIGH LEVEL OF PERSONAL ATTENTION FROM THE FACULTY, SO NO ONE IS LEFT BEHIND. IN SUMMER 2024, WE HAD 368 PARTICIPANTS ENROLLED ACROSS 12 PROGRAMS RUN ACROSS AT 8 UNIVERSITIES IN 7 STATES. FOR FY 2024, SSPI INCREASED OUR COMMITMENT TO ALL PARTICIPANTS BY SUBSIDIZING 30% OF THE PROGRAM'S COST FOR EVERYONE WHO ATTENDED. ADDITIONALLY, OVER 40% OF PROGRAM FEES WERE WAIVED THROUGH OUR FINANCIAL AID PROGRAMS.

Program 2
Expenses: $411,015

OUTREACH - SSPI PARTNERS WITH SCHOOLS, COMMUNITY ORGANIZATIONS, AND STEM NETWORKS TO IDENTIFY AND ENCOURAGE APPLICATIONS FROM UNDERREPRESENTED STUDENTS, ENSURING A BROAD AND DIVERSE APPLICANT POOL...

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OUTREACH - SSPI PARTNERS WITH SCHOOLS, COMMUNITY ORGANIZATIONS, AND STEM NETWORKS TO IDENTIFY AND ENCOURAGE APPLICATIONS FROM UNDERREPRESENTED STUDENTS, ENSURING A BROAD AND DIVERSE APPLICANT POOL. SCIENTIFIC INQUIRY, PRINCIPLES, AND PRACTICES LAY A POWERFUL FOUNDATION FOR STUDENTS, EQUIPPING THEM WITH THE SKILLS NEEDED TO THRIVE IN AND CONTRIBUTE TO OUR RAPIDLY EVOLVING WORLD. YET, STEM EDUCATION INEQUALITY REMAINS A CRITICAL ISSUE IN THE UNITED STATES. OVER THE NEXT DECADE, SSP AIMS TO REACH 10,000 STUDENTS ANNUALLY, WITH AT LEAST 50% COMING FROM UNDERSERVED COMMUNITIES, OFFERING THEM RIGOROUS, ENGAGING, AND TRANSFORMATIVE SCIENCE EXPERIENCES. BY BROADENING ACCESS, DEEPENING COLLABORATION, ADVANCING EQUITY, AND LEVERAGING OUR STRENGTHS, WE AIM TO DRIVE LASTING CHANGE THAT EXTENDS BEYOND SUMMER AND BEYOND SCIENCE. MARKETING AND PUBLIC RELATIONS EFFORTS AMPLIFY SSPI'S MISSION BY RAISING AWARENESS OF THE PROGRAM'S IMPACT AND INSPIRING SUPPORT FROM A BROAD GROUP OF STAKEHOLDERS. THROUGH THOUGHT LEADERSHIP, STORYTELLING, AND STRATEGIC OUTREACH, SSPI HIGHLIGHTS THE TRANSFORMATIVE EXPERIENCES OF ITS PARTICIPANTS, GALVANIZING COMMUNITY AND INDUSTRY ENGAGEMENT WHILE ATTRACTING RESOURCES AND PARTNERSHIPS THAT EXPAND ITS REACH AND SUSTAINABILITY.

Program 3
Expenses: $41,783

SSP CONNECT - IMMEDIATELY FOLLOWING THE SUMMER SCIENCE PROGRAM, PARTICIPANTS ARE OFFERED PARTICIPATION IN A FREE ONLINE PROGRAM CALLED SSPI CONNECT. SSPI CONNECT PROVIDES INDIVIDUALIZED ONE-ON-ONE...

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SSP CONNECT - IMMEDIATELY FOLLOWING THE SUMMER SCIENCE PROGRAM, PARTICIPANTS ARE OFFERED PARTICIPATION IN A FREE ONLINE PROGRAM CALLED SSPI CONNECT. SSPI CONNECT PROVIDES INDIVIDUALIZED ONE-ON-ONE MENTORSHIP THROUGHOUT THE COLLEGE ADMISSIONS SEASON IN THE FALL OF A PARTICIPANT'S SENIOR YEAR. THIS PROGRAM SUPPORTS STUDENTS AS THEY NAVIGATE COLLEGE APPLICATIONS, SELECT SCHOOLS AND MAJORS, REFINE ESSAYS, PREPARE FOR INTERVIEWS, AND MORE - ENSURING THEY ARE EQUIPPED TO ACHIEVE THEIR GOALS. TO DATE, SSP CONNECT HAS MATCHED 676 MENTEES WITH 581 VOLUNTEER MENTORS, OFFERING UNPARALLELED GUIDANCE IN NAVIGATING THE OFTEN-CONFUSING COLLEGE ADMISSIONS PROCESS. MANY OF THESE STUDENTS ARE FIRST-GENERATION COLLEGE ASPIRANTS, FOR WHOM THE JOURNEY TO HIGHER EDUCATION CAN BE ESPECIALLY DAUNTING. BY OFFERING TAILORED SUPPORT AND MENTORSHIP, SSPI CONNECT HELPS LEVEL THE PLAYING FIELD, GIVING THESE STUDENTS THE TOOLS, CONFIDENCE, AND INSIGHT THEY NEED TO SUCCEED IN THEIR COLLEGE SEARCH AND BEYOND. THIS ADDITIONAL LAYER OF SUPPORT DEMONSTRATES SSPI'S COMMITMENT TO EACH PARTICIPANT'S SUCCESS, HELPING THEM OVERCOME BARRIERS AND SEIZE OPPORTUNITIES WELL BEYOND THEIR SUMMER EXPERIENCE.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $516,918
Program Service Revenue $3,260,166
Investment Income $5,475,809
Other Revenue $0
TOTAL REVENUE $9,252,893

Expense Breakdown

Grants Paid $1,436,325
Salaries & Benefits $3,061,899
Fundraising Expenses $467,664
Program Expenses $6,697,844
Other Expenses $3,710,049
TOTAL EXPENSES $8,208,273

Year-over-Year Comparison

2023 2022 Change
Revenue $9,252,893 $198,907,985 -1.0%
Expenses $8,208,273 $3,313,947 +1.5%
Net Income $1,044,620 $195,594,038 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
57
Volunteers
214

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$318,661
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL MCKAY CHAIR 8.00
Officer Director
$0 $0 $0
PHILIP NOLAN VICE CHAIR 8.00
Officer Director
$0 $0 $0
LAUREN BLUM TREASURER 8.00
Officer Director
$0 $0 $0
HELEN SHIN SECRETARY 8.00
Officer Director
$0 $0 $0
RONALD IRVING IMMEDIATE PAST CHAIR 8.00
Officer Director
$0 $0 $0
MINOSCA ALCANTARA DIRECTOR 4.00
Director
$0 $0 $0
RICKY BALTHROP DIRECTOR 4.00
Director
$0 $0 $0
EDMUND BERTSCHINGER DIRECTOR 4.00
Director
$0 $0 $0
YOONJEONG YJ CHA DIRECTOR 4.00
Director
$0 $0 $0
MICHELLE CHANG DIRECTOR 4.00
Director
$0 $0 $0
CLINT CHAPPLE DIRECTOR 4.00
Director
$0 $0 $0
QUINTON MCARTHUR DIRECTOR 4.00
Director
$0 $0 $0
MARTHA OAKLEY DIRECTOR 4.00
Director
$0 $0 $0
MIRUNA OPRESCU DIRECTOR 4.00
Director
$0 $0 $0
KARL SUN DIRECTOR 4.00
Director
$0 $0 $0
MICHAEL WEISS DIRECTOR 4.00
Director
$0 $0 $0
FRANK STESLOW CHIEF EXECUTIVE OFFICER 40.00
Officer
$209,333 $25,367 $234,700
AMY GILLETTE CHIEF ADMINISTRATIVE OFFICER 40.00
Officer
$80,536 $3,425 $83,961
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $962,702 $1,072,577 $203,315,662 $-109,875
2024 $9,252,893 $8,208,273 $204,989,025 $1,044,620
2023 $198,907,985 $3,313,947 $202,124,062 $195,594,038
2022 $2,208,499 $1,867,934 $5,848,065 $340,565
2021 $1,609,935 $820,091 $6,770,719 $789,844
2020 $1,059,696 $816,422 $5,306,805 $243,274
2019 $1,391,765 $1,184,210 $4,937,028 $207,555
2018 $1,484,385 $891,675 $4,643,257 $592,710
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