Starter Studio Fl Inc
- Assets
- $2.0m
- Revenue
- $591.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Orlando, FL
- Founding
- 04/2016
- Data as of
- 12/2021
- EIN
- 47-4227979
Organization Overview
Starter Studio Fl Inc is located in Orlando, FL. The organization was established in 2016. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Starter Studio FL Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Starter Studio FL Inc 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, Starter Studio FL Inc generated $591.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $594.6k during the year ending 12/2021. 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
OUR MISSION IS TO BUILD CENTRAL FLORIDA'S TECHNOLOGY AND CREATIVE COMMUNITY BY INVESTING IN PROMISING COMPANIES AND TO MAKE IT EASIER FOR ANYONE IN ORLANDO TO START AND GROW A COMPAN
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BUILD CENTRAL FLORIDA'S TECHNOLOGY AND CREATIVE COMMUNITY BY INVESTING IN PROMISING COMPANIES. PROVIDE SEED CAPITAL TO EARLY-STAGE TECHNOLOGY COMPANIES THAT DEMONSTRATE SIGNIFICANT GROWTH POTENTIAL WITH A BROAD REACH OF CUSTOMERS. TO INCREASE ACCESS TO CAPITAL FOR THOSE PROMISING COMPANIES AND CREATE A DIVERSE TECHNOLOGY ECO-SYSTEM THAT REFLECTS OUR COMMUNITY. LEVEL THE PLAYING FIELD BY PROVIDING ACCESS TO CAPITAL FOR ALL MEMBERS OF OUR COMMUNITY. SUCCESSFUL OPERATING AND MAINTENANCE OF A 20,000 SQUARE FOOT COLLABORATIVE COWORKING FACILITY IN THE HEART OF DOWNTOWN ORLANDO AT THE CHURCH STREET EXCHANGE BUILDING. THIS IS A HUB FOR TECH START-UPS TO NURTURE INNOVATION AND GROWTH INTO FULL GROWN SUCCESSFUL COMPANIES. 200 MEMBERSHIPS, OVER 50 WORKSHOPS, MEETUPS, AND SPEAKER EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lilian Myers CEO | OfficerTrustee | 40 | $120,000 |
Taylor Pancake Secretary | OfficerTrustee | 1 | $0 |
Kelly Cohen Chairman | OfficerTrustee | 1 | $0 |
Phil Zeman Vice Chairman | OfficerTrustee | 1 | $0 |
Terrance Berland Director | Trustee | 1 | $0 |
Suneera Madhani Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $125,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $398,326 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $523,326 |
| Total Program Service Revenue | $67,705 |
| Investment income | $208 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $591,239 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $120,000 |
| Compensation of current officers, directors, key employees. | $24,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,352 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,971 |
| Payroll taxes | $17,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,378 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,963 |
| Advertising and promotion | $23,469 |
| Office expenses | $12,063 |
| Information technology | $6,566 |
| Royalties | $0 |
| Occupancy | $202,855 |
| Travel | $0 |
| 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 | $3,677 |
| Insurance | $12,525 |
| All other expenses | $0 |
| Total functional expenses | $594,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $288,478 |
| Savings and temporary cash investments | $450,910 |
| Pledges and grants receivable | $1,236,775 |
| Accounts receivable, net | $36,705 |
| 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 | $4,085 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,775 |
| Total assets | $2,025,728 |
| Accounts payable and accrued expenses | $249,836 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $494,628 |
| Other liabilities | $0 |
| Total liabilities | $744,464 |
| Net assets without donor restrictions | -$215,327 |
| Net assets with donor restrictions | $1,496,591 |
| 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 | $2,025,728 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Starter Studio Fl Inc has recieved totaling $71.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $71 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metro Atlanta Host Committee Inc Atlanta, GA | $222,399 | $14,582,853 |
Tampa Bay Convention & Visitors Bureau Inc Tampa, FL | $9,049,029 | $16,723,785 |
South Alabama Regional Planning Commission Mobile, AL | $10,162,715 | $18,722,811 |
Discover Palm Beach County Inc West Palm Beach, FL | $6,257,115 | $17,672,568 |
Step Up Suncoast Inc Sarasota, FL | $3,209,226 | $16,919,808 |
Atlanta Convention & Vistors Bureau Inc Atlanta, GA | $20,280,984 | $17,066,911 |
Access To Capital For Entrepreneurs Inc Cleveland, GA | $88,796,114 | $11,013,240 |
The Miami-Dade Beacon Council Inc Miami, FL | $5,791,643 | $5,287,764 |
Sarasota Convention And Visitors Bureau Sarasota, FL | $1,250,974 | $4,640,700 |
Grove Park Foundation Inc Atlanta, GA | $25,190,874 | $3,791,912 |
Woodlawn Foundation Inc Birmingham, AL | $23,281,492 | $7,022,697 |
East Tampa Business And Civic Association Inc Tampa, FL | $6,775,919 | $3,764,186 |