Starfall Education Foundation
- Assets
- $23.4m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 31
- Location
- Boulder, CO
- Founding
- 12/2014
- Data as of
- 06/2020
- EIN
- 46-4463460
Organization Overview
Starfall Education Foundation is located in Boulder, CO. The organization was established in 2014. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, Starfall Education Foundation employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Starfall Education 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 06/2020, Starfall Education Foundation generated $7.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.9%) each year. All expenses for the organization totaled $7.2m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FREE AND LOW-COST INNOVATIVE ACADEMIC EDUCATIONAL RESOURCES WHEREBY...SEE SCHEDULE O .....CHILDREN HAVE FUN LEARNING THROUGH EXPLORATION, GAIN SELF-CONFIDENCE, AND DEVELOP AN UNDERSTANDING AND COMPASSION FOR DIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OTHE FOUNDATION, THROUGH ITS WEBSITE STARFALL.COM, OFFERS FREE AND LOW-COST INTERACTIVE EXPERIENCES WHEREBY CHILDREN CAN SUCCESSFULLY LEARN THROUGH EXPLORATION. IT CONTINUES THE TRADITION OF ITS PREDECESSOR, A SOCIAL ENTERPRISE FOUNDED IN 2002, AS A PLACE WHERE CHILDREN HAVE FUN LEARNING TO READ. CURRENTLY, IT INCLUDES THE CORE SUBJECTS OF LANGUAGE ARTS AND MATHEMATICS FOR PRE-K, KINDERGARTEN, AND ELEMENTARY SCHOOL GRADE LEVELS. IT TEACHES THROUGH POSITIVE REINFORCEMENT TO HELP CHILDREN BECOME CONFIDENT AND INTRINSICALLY MOTIVATED. THE FOUNDATION PRODUCES AND DISTRIBUTES THE FOLLOWING EDUCATIONAL SERVICES AND MATERIALS FOR STUDENTS, PARENTS, TEACHERS AND SCHOOLS: INTERACTIVE GAMES, VIDEOS, MOVIES, E-BOOKS, AUDIO BOOKS, EDUCATIONAL SONGS, DOWNLOADABLE BOOKS, LESSON PLANS, CLASSROOM CURRICULA, PRINTED BOOKS, PRACTICE BOOKS, ELECTRONIC MEDIA AND TEACHING TOOLS. THESE ARE PRIMARILY DISTRIBUTED THROUGH THE STARFALL.COM WEBSITE. MANY OF STARFALL S DIGITAL ACTIVITIES ARE ALSO AVAILABLE ON MOBILE APPS. STARFALL OFFERS LOW-COST MEMBERSHIP WHICH EXPANDS ITS FREE CONTENT TO INCLUDE ADDITIONAL GAMES, E-BOOKS, MOVIES AND SONGS. BENEFITS OF ANNUAL MEMBERSHIP INCLUDE PREFERRED AND UNLIMITED ACCESS TO STARFALL.COM FROM TABLET, MOBILE PHONE OR COMPUTER DURING A ONE YEAR MEMBERSHIP PERIOD. THE FOUNDATION ALSO MAINTAINS A FREE WEBSITE AT PUMEROSA.COM TO HELP SPANISH LANGUAGE SPEAKERS LEARN ENGLISH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Wilson President | Officer | 40 | $158,435 |
Gina Morgan Manager | 40 | $124,100 | |
Helen Parker Director | 40 | $114,436 | |
Arthur Morgan Sr Software Engineer | 40 | $104,840 | |
Stephen Schutz PHD Chairman, Ceo, Founder | OfficerTrustee | 30 | $0 |
Jay Grodin JD Secretary | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sps Studios Inc Fulfillment/hr | 6/29/21 | $222,423 |
Upwork Contract Labor | 6/29/21 | $134,063 |
Fedex Shipping | 6/29/21 | $115,752 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,920,498 |
| Investment income | $154,522 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$276 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $187,827 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,522,820 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $189,814 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,951,060 |
| Pension plan accruals and contributions | $117,871 |
| Other employee benefits | $305,462 |
| Payroll taxes | $191,264 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,320 |
| Fees for services: Accounting | $93,674 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $367,106 |
| Advertising and promotion | $0 |
| Office expenses | $6,985 |
| Information technology | $192,612 |
| Royalties | $0 |
| Occupancy | $167,467 |
| Travel | $43,044 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,933 |
| Interest | $6 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,192,052 |
| Insurance | $44,448 |
| All other expenses | $0 |
| Total functional expenses | $7,162,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,938 |
| Savings and temporary cash investments | $581,693 |
| Pledges and grants receivable | $72,493 |
| Accounts receivable, net | $122,701 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $790,837 |
| Prepaid expenses and deferred charges | $27,551 |
| Investments—publicly traded securities | $12,455,947 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,006,819 |
| Other assets | $77,712 |
| Total assets | $23,360,929 |
| Accounts payable and accrued expenses | $466,905 |
| Grants payable | $0 |
| Deferred revenue | $55,276 |
| 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 | $522,181 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $22,838,748 |
Peer Organizations
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|---|---|---|
Wgu Labs Salt Lake City, UT | $5,412,542 | $17,199,300 |
Legacy Traditional School Maricopa Chandler, AZ | $18,281,409 | $11,917,984 |
Turing School Of Software And Design Denver, CO | $6,210,648 | $10,301,401 |
Rooted Denver, CO | $4,963,250 | $7,608,549 |
United States Space Foundation Colorado Springs, CO | $16,544,992 | $7,378,299 |
Collective For Youth Omaha, NE | $16,344,773 | $14,408,697 |
Youth Entrepreneurs Inc Wichita, KS | $8,370,922 | $6,293,107 |
Lena Foundation Louisville, CO | $6,954,124 | $11,160,800 |
Starfall Education Foundation Boulder, CO | $23,360,929 | $7,522,820 |
Oklahoma Public School Resource Center Inc Oklahoma City, OK | $4,660,216 | $8,536,647 |
North Valley Christian Academy Phoenix, AZ | $21,880,412 | $8,715,772 |
Communities In Schools Of Mid-America Inc Lawrence, KS | $5,926,043 | $10,689,088 |