Start It Foundation
- Assets
- $664.7k
- Revenue
- $58.2k
- Investments
- $646.8k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-1164217
Organization Overview
Start It Foundation is located in Wilmington, DE. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Start It Foundation 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, Start It Foundation generated $58.2k 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 (19.4%) each year. All expenses for the organization totaled $39.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Start It Foundation has awarded 73 individual grants totaling $196,978. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,400 |
| Interest on Savings | $5 |
| Dividends & Interest | $13,151 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,685 |
| Capital Gain Net Income | $43,685 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,241 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,525 |
| Total operating and administrative expenses | $14,672 |
| Contributions, gifts, grants paid | $25,187 |
| Total expenses and disbursements | $39,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,832 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $664,660 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Start It Foundation has awarded $25,187 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Seattle, WA PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Seattle, WA PURPOSE: GENERAL & UNRESTRICTED | $4,000 |
Issaquah, WA PURPOSE: GENERAL & UNRESTRICTED | $3,500 |
New York, NY PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
San Jose, CA PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Abercrombie Guild Spring Lake, NJ | $0 | $390,111 |
Serviam Foundation Inc Saddle River, NJ | $7,024,929 | $1,479,116 |
Rubin Family Foundation Bensalem, PA | $4,953,491 | $893,762 |
Ruth And Jo Stone Foundation Wilmington, DE | $38,423,105 | $10,158,893 |
Westmoreland Cultural Trust Greensburg, PA | $14,583,491 | $2,146,840 |
O&r Rosner Foundation Inc Sayreville, NJ | $2,009,940 | $2,555,000 |
Homes For Hope Lancaster, PA | $4,138,617 | $1,481,409 |
Comcast Spectacor Charities Philadelphia, PA | $2,242,195 | $1,546,757 |
Unidentified Foundation Wilmington, DE | $12,790,593 | $141,502 |
Elizabeth And Joseph Massoud Family Foundation Wilmington, DE | $9,966,619 | $541,919 |
Bay Area Center For Independent Living Inc Salisbury, MD | $2,049,220 | $1,537,064 |
C A Brooks Charities 010728-2 Pittsburgh, PA | $13,041,112 | $1,268,419 |