I have downloaded and installed the Jeema Special Entries Scroller and followed the brief instructions, with that being said I have not been able to get the module to work. I had added a custom field "filed_sponsors" as a checkbox. In the module configuration I had entered "field_sponsors" as the field and field valur to "1". Any advice or more detailed instructions would be greatly appreciated.

My suggestion from just getting this to work is change your custom field to a "textfield", and put a single 'y' meaning yes in the listing. Then restrict the characters to 1.
Then in the module just enter 'y' as the value.
Hope that helps.