Startx
- Assets
- $8.8m
- Revenue
- $7.7m
- Investments
- $287.0
- Employees
- 17
- Location
- Palo Alto, CA
- Founding
- 06/2013
- Data as of
- 12/2021
- EIN
- 45-4308444
Organization Overview
Startx is located in Palo Alto, CA. The organization was established in 2013. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Startx employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Startx 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, Startx generated $7.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 2.2% per year over the past 7 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
STARTX ACCELERATES THE DEVELOPMENT OF STANFORD'S HIGHEST-POTENTIAL ENTREPRENEURS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCELERATING THE DEVELOPMENT OF HIGH-POTENTIAL, STANFORD ENTREPRENEURS THROUGH EXPERIENTIAL EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darshpreet Mann Chief Of Staff | 40 | $117,751 | |
Pierre-Morgan Gate Software Engineer | 40 | $107,286 | |
Siddhartha Shekhar Singh Cfo/treasurer | OfficerTrustee | 5 | $35,497 |
Brian Hoffman Secretary | Officer | 1.2 | $2,111 |
Joseph Huang Ceo/president | OfficerTrustee | 40 | $0 |
Cameron Teitelman Chairman Of The Board | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $255,087 |
| All other contributions, gifts, grants, and similar amounts not included above | $782,826 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,037,913 |
| Total Program Service Revenue | $221,794 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,493,916 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,703,852 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $103,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $49,722 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $795,358 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $99,649 |
| Payroll taxes | $59,399 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,306 |
| Fees for services: Accounting | $101,329 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $87,613 |
| Advertising and promotion | $7,850 |
| Office expenses | $7,205 |
| Information technology | $8,656 |
| Royalties | $0 |
| Occupancy | $706,828 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,052 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,549 |
| Insurance | $10,920 |
| All other expenses | $20,693 |
| Total functional expenses | $2,144,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,041,059 |
| Savings and temporary cash investments | $50,172 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $130,237 |
| 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 | $72,089 |
| Net Land, buildings, and equipment | $82,608 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $287 |
| Investments—program-related | $80,812 |
| Intangible assets | $32,906 |
| Other assets | $2,282,345 |
| Total assets | $8,772,515 |
| Accounts payable and accrued expenses | $127,599 |
| Grants payable | $0 |
| Deferred revenue | $450 |
| 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 | $41,529 |
| Total liabilities | $169,578 |
| Net assets without donor restrictions | $8,602,937 |
| 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 | $8,772,515 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Startx has recieved totaling $16.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $16 |
Endowment Analysis
| Beg. Balance | $426,762 |
| Net Contributions | $7,120 |
| Ending Balance | $433,882 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Raza Development Fund Inc Phoenix, AZ | $287,338,176 | $23,229,153 |
Craft3 Astoria, OR | $178,565,925 | $26,936,516 |
Business Finance Capital Los Angeles, CA | $7,749,774 | $11,735,552 |
Los Angeles Cleantech Incubator Los Angeles, CA | $4,675,991 | $8,340,208 |
Economic Development Corporation Of Los Angeles Los Angeles, CA | $29,436,314 | $9,374,870 |
Main Street Launch Oakland, CA | $33,776,792 | $12,838,427 |
Inquiring Systems Inc Santa Rosa, CA | $7,524,299 | $8,764,937 |
Oregon Manufacturing Extension Partnership Inc Portland, OR | $2,663,862 | $6,607,892 |
Mce Social Capital San Francisco, CA | $62,791,597 | $6,149,930 |
Renaissance Entrepreneurship Center San Francisco, CA | $5,879,123 | $7,123,665 |
Pacific Community Ventures Oakland, CA | $20,029,825 | $8,516,576 |
Pacific Coast Regional Urban Small Business Development Corporation Los Angeles, CA | $22,353,411 | $11,894,942 |