Star Foundation Inc
- Assets
- $3.1m
- Revenue
- $401.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Norwalk, CT
- Founding
- 10/1993
- Data as of
- 06/2021
- EIN
- 06-1368773
Organization Overview
Star Foundation Inc is located in Norwalk, CT. The organization was established in 1993. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Star Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Star Foundation Inc generated $401.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $195.8k during the year ending 06/2021. While expenses have increased by 6.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DIRECT GRANTS TO VARIOUS NONPROFIT ORGANIZATIONS FOR USE IN THEIR ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE $22,500 IN GRANTS WERE AWARDED AS FOLLOWS: $10,000 TO STAR, INC. FOR THE "DAY OF GIVING", $7,500 TO WESTPORT BOOK SALE VENTURES INC. FOR THE BOOK SHOP PROJECT AND $5,000 TO NEW CANAAN MOUNTED TROOP.
THE STAR FOUNDATION SENT CHECKS TOTALING $79,387 TO EMPLOYEES OF STAR, INC. FOR TUITION REIMBURSEMENT AND $845 TO PARTICIPANTS OF STAR, INC. FOR PROGRAM PARTICIPATION ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Danaher Treasurer | OfficerTrustee | 0.3 | $0 |
Katie Banzhaf Vice President | OfficerTrustee | 0.3 | $0 |
Peter Saverine Secretary | OfficerTrustee | 0.3 | $0 |
Mickey Herbst President | OfficerTrustee | 0.3 | $0 |
Denis Donegan Board Member | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $245,002 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,002 |
| Total Program Service Revenue | $0 |
| Investment income | $32,605 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $124,219 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $401,826 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,500 |
| Grants and other assistance to domestic individuals. | $80,232 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $25,000 |
| Fees for services: Investment Management | $19,174 |
| Fees for services: Other | $36,000 |
| Advertising and promotion | $2,551 |
| Office expenses | $295 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,090 |
| Total functional expenses | $195,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $226,487 |
| Pledges and grants receivable | $797,798 |
| Accounts receivable, net | $730 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,059,782 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,084,797 |
| Accounts payable and accrued expenses | $48,843 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $48,843 |
| Net assets without donor restrictions | $3,035,954 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,084,797 |
Grants Awarded
Over the last fiscal year, Star Foundation Inc has awarded $17,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Norwalk, CT PURPOSE: GENERAL FUNDS | $10,000 |
Westport, CT PURPOSE: BOOK SHOP PROJECT | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Star Foundation Inc has recieved totaling $469,543.
| Awarding Organization | Amount |
|---|---|
Suzanne Mcgraw Foundation Inc Stamford, CT PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $469,043 |
Konstantin Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $500 |
Peer Organizations
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|---|---|---|
Open Sky Community Services Inc Worcester, MA | $49,353,222 | $95,640,760 |
Bronx Parent Housing Network Inc Bronx, NY | $36,981,186 | $84,449,036 |
Toward Independent Living & Learning Inc Dedham, MA | $105,262,723 | $73,578,332 |
The Bridge Inc New York, NY | $39,348,732 | $57,559,803 |
Ability Beyond Disability Inc Bethel, CT | $36,674,739 | $52,693,685 |
Citizen Advocates Inc Malone, NY | $27,154,352 | $47,844,425 |
Continuum Of Care Inc New Haven, CT | $19,340,756 | $52,456,759 |
Jawonio Inc New City, NY | $45,101,853 | $45,626,177 |
Greatcare Inc New York, NY | $4,284,136 | $43,084,551 |
Yedei Chesed Inc Chestnut Ridge, NY | $23,307,240 | $44,946,201 |
United Community And Family Services Inc Norwich, CT | $31,724,085 | $34,563,252 |
The Guild For Human Services Inc Concord, MA | $50,533,268 | $37,209,681 |