Future Stars Childrens Foundation Inc
- Assets
- $48.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Shelton, CT
- Founding
- 10/2000
- Data as of
- 12/2021
- EIN
- 06-1569478
Organization Overview
Future Stars Childrens Foundation Inc is located in Shelton, CT. The organization was established in 2000. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Future Stars Childrens 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 12/2021, Future Stars Childrens Foundation Inc generated $26.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $34.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
EDUCATING CHILDREN THROUGH DEVELOPMENTAL SPORTS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Olayos President | 15 | $1,500 | |
James Whiting Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,000 |
| Total Program Service Revenue | $9,125 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $26,125 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $1,500 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $595 |
| Other expenses | $32,508 |
| Total expenses | $34,603 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $243 |
| Other assets | $0 |
| Total assets | $48,101 |
| Total liabilities | $0 |
| Net assets or fund balances | $48,101 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Future Stars Childrens Foundation Inc has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
Giving Back Fund Inc Los Angeles, CA PURPOSE: TO SUPPORT THEIR GENERAL PROGRAMS | $8,000 |
Colon Family Foundation Milford, CT PURPOSE: IN FURTHERANCE OF STATED OBJECTIVES OF THE FOUNDATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Camp Harbor View Foundation Inc Boston, MA | $69,208,202 | $14,199,041 |
Utec Inc Lowell, MA | $20,133,809 | $14,604,530 |
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Childrens Workshop Foundation Central Falls, RI | $4,705,230 | $8,734,108 |
Exalt Youth New York, NY | $8,260,540 | $8,836,761 |
Nyc Kids Rise Inc Long Island City, NY | $4,984,268 | $4,157,127 |
Urban Dove Inc Long Island City, NY | $5,170,319 | $5,441,041 |
Horizons National Student Enrichment Program Inc Westport, CT | $6,013,839 | $4,724,137 |
Zichron Chaim Inc Monsey, NY | $8,440,547 | $4,476,093 |
Man Up Inc Brooklyn, NY | $3,303,421 | $3,938,909 |