Starfall Education Foundation
- Assets
- $23.9m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 31
- Location
- Boulder, CO
- Founding
- 12/2014
- Data as of
- 06/2023
- 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 06/2023, 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 06/2023, Starfall Education Foundation generated $7.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.9%) each year. All expenses for the organization totaled $7.3m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
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:
SEE SCHEDULE O
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Schutz PHD Chairman, Ceo, Founder | OfficerTrustee | 30 | $0 |
Joel Citron Board Member | Trustee | 2 | $0 |
Myrna Estes Board Member | Trustee | 2 | $0 |
Greg Harfst Board Member | Trustee | 2 | $0 |
Gina Nocera Board Member | Trustee | 2 | $0 |
Jordanna Schutz Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sps Studios Inc Fulfillment/hr | 6/29/23 | $213,518 |
Frederic Printing Printing | 6/29/23 | $168,470 |
Upwork Contract Labor | 6/29/23 | $137,662 |
Davenport Group Inc Server Equipment | 6/29/23 | $172,930 |
Fedex Shipping | 6/29/23 | $115,086 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,991,299 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,991,299 |
| Total Program Service Revenue | $4,469,012 |
| Investment income | $255,008 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $106,087 |
| Net Gain/Loss on Asset Sales | $454 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $135,144 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,957,004 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $159,775 |
| 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. | $220,507 |
| Compensation of current officers, directors, key employees. | $154,355 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,608,742 |
| Pension plan accruals and contributions | $147,842 |
| Other employee benefits | $360,947 |
| Payroll taxes | $192,887 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,818 |
| Fees for services: Accounting | $93,516 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,438 |
| Fees for services: Other | $266,618 |
| Advertising and promotion | $13,425 |
| Office expenses | $12,967 |
| Information technology | $174,519 |
| Royalties | $0 |
| Occupancy | $119,271 |
| Travel | $13,681 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,238,694 |
| Insurance | $66,966 |
| All other expenses | $13,086 |
| Total functional expenses | $7,270,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $435,095 |
| Savings and temporary cash investments | $1,257,732 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $374,023 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $726,322 |
| Prepaid expenses and deferred charges | $101,195 |
| Net Land, buildings, and equipment | $7,129,854 |
| Investments—publicly traded securities | $11,358,317 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,477,806 |
| Other assets | $8,035 |
| Total assets | $23,868,379 |
| Accounts payable and accrued expenses | $576,259 |
| Grants payable | $0 |
| Deferred revenue | $97,379 |
| 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 | $673,638 |
| Net assets without donor restrictions | $23,194,741 |
| 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 | $23,868,379 |
Grants Awarded
Over the last fiscal year, Starfall Education Foundation has awarded $158,775 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NATURA INTERNATIONAL INC PURPOSE: PROTECT WETLANDS AREA IN SANTIAGO DE ESTERO PROVINCE, CENTRAL ARGENTINA | $25,000 |
REWILD PURPOSE: DESIGNATE PROTECTED AREA IN ECUADOR AND MANGE CONSERVATION AREAS IN PERU | $83,775 |
MILE HIGH UNITED WAY PURPOSE: SUPPORT OF EDUCATION, HEALTH AND FINANCIAL STABILITY IN THE COMMUNITY | $50,000 |