Starboard Foundation Inc

The information for Starboard Foundation Inc is as of the organization's most recent filing in December '21. This organization is located in Fort Worth, TX. It has been in existence for 6 years, following its founding in 2015.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Starboard Foundation Inc's NTEE code is N67. The "N" tells us that the organization is classified along with Recreation & Sports. The "67" tells us that the organization is focused on Swimming & Other Water Recreation. The NTEE describes these organizations as providing opportunities for people to learn and become competitive in various water sports. The foundation's mission is to promote education and recreation in relation to Eagle Mountain Lake. As a 501(c)(3) organization, the Starboard Foundation Inc is engaged in activities related to Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.

Program Areas

The organization's program area focuses on promoting education and conservation efforts specifically on Eagle Mountain Lake.

Organization Staffing

Starboard Foundation Inc is run by Thomas Felsenthal, who is the President. The organization currently has no employees and no one is paid over $100k per year. However, there are 5 volunteers who support the organization's operations.

Board Governance

The Starboard Foundation Inc appears to be well-governed based on the provided information. The organization has a small board of 5 voting members, all of whom are independent. This ensures that decisions made by the board are not influenced by personal interests or conflicts of interest. Additionally, the fact that potential conflicts of interest do not exist further reinforces the organization's commitment to transparency and ethical governance. It is also positive to note that both board meetings and committee meetings are documented. This indicates that the organization values accountability and ensures that important discussions and decisions are recorded for future reference. While the organization does not have a conflict of interest policy or require disclosure of conflicts, the absence of potential conflicts of interest and the presence of documented meetings mitigates this concern to some extent. However, there are areas where the organization could improve its governance practices. The lack of a written whistleblower policy and document retention policy may leave the organization vulnerable to potential misconduct or legal issues. Additionally, the organization does not substantiate or review leadership and officer salaries, which could raise concerns about financial transparency and accountability. Overall, the Starboard Foundation Inc demonstrates some strong governance practices, such as an independent board and documented meetings. However, there are areas where the organization could enhance its governance framework to further ensure transparency, accountability, and ethical conduct.

Organization Growth

Based on the provided data, it can be concluded that the nonprofit organization Starboard Foundation Inc has experienced growth over the given time period. The total revenue increased from $39.0K in 2020 to $762.7K in 2021, indicating a significant growth in financial contributions and grants received. However, other revenue remained the same at $-9486 in 2021, and total expenses and total volunteers remained constant at $695 and 5 respectively. Therefore, the growth of the organization is primarily reflected in its total revenue.