Better Business Bureau Report for
St. Louis Internship Program

Better Business Bureau Report issued September 2011
Better Business Bureau Report expires September 2012


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: St. Louis Internship Program
Address: 4232 Forest Park Avenue
Room 1027
  Saint Louis, MO 63108
Phone: 314-371-7547
Web Address: www.stlouisinternship.org
Also known as:SLIP
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Better Business Bureau Comments

Year, State Incorporated: 1996, Missouri
Affiliates: None
Stated Purpose: "exists to provide inspiration, support, professional development, and training to high school students with financial needs so they can obtain valuable internships in professional settings; to provide life skills for our students and alumni through year-round programming to position them for improved educational and, ultimately, full-time employment opportunities; and to provide our business partners with access to motivated, well-trained, talented employees, and to foster diversity within the workplace."

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Evaluation Conclusions

               

St. Louis Internship Program (SLIP) meets the 20 Standards for Charity Accountability.
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Programs

               

St. Louis Internship Program (SLIP) has achieved an over 98% high school graduation rate through an effective year-round program design: eight-week summer job internships in professional settings preceded by a guided application process and intensive training and followed by year-round career and college planning activities. SLIP opens new worlds of opportunity for students who may see only very limited options for their futures. SLIP works to provide this hope and opportunity by building partnerships with underserved youth and businesses, resulting in stronger communities Through SLIP internships, students learn the skills and develop the confidence they need to pursue their dreams. By providing opportunities in professional settings, SLIP effectively helps these at-risk students envision a future, complete high school, and prepare for post-secondary education, by providing immediate and ongoing support and demonstrating long-term possibilities.

For the fiscal year ended August 31, 2009, SLIP's program expenses were:

  
Internship Program 448,232
Total Program Expenses: $448,232
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Governance

               

Chief Executive : Shanise Johnson, Program Director
Compensation*:
 $11,500

Chair of the Board: Kelvin Westbrook
Chair's Profession / Business Affiliation: President, KRW Advisors, LLC

Board Size: 17

Paid Staff Size: 8

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

direct mail, grant proposals
Fund raising costs were 3% of related contributions. (Related contributions, which totaled $336,536, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on SLIP's audited financial statements for the fiscal year ended August 31, 2010.

Source of Funds  
Program Service Fee 242,095
Restrictions satisfied by payments 131,592
Grant-in-kind 57,500
Contributions 28,843
Special events and other revenue 8,098
Total Income $468,128


chart



Uses of Funds as a % of Total Expenses

Programs: 91%  Fund Raising: 2%  Administrative: 7% 

Total income   $468,128
  Program expenses $448,232
  Fund raising expenses 11,592
  Administrative expenses 33,608
 
Total expenses   $493,432
Expenses in Excess of Income   (25,304)
Beginning net assets   344,897
Ending net assets   314,101
Total liabilities   61,587
Total assets   $375,688


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