Starter Studio Fl Inc
- Assets
- $2.5m
- Revenue
- $602.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Orlando, FL
- Founding
- 04/2016
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Starter Studio FL Inc generated $602.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $487.9k during the year ending 12/2023. While expenses have increased by 8.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2023
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 OR TO START AND GROW A COMPANY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BUILD A DIVERSE TECH AND INNOVATION ECOSYSTEM IN CENTRAL FLORIDA BY INVESTING TIME AND RESOURCES IN PROMISING TECH STARTUPS. TO PROVIDE THREE WORLD-CLASS ACCELERATOR PROGRAMS FOR FOUNDERS OF EARLY-STAGE TECH STARTUPS, OFFERING THE OPPORTUNITY TO LEARN THE SKILLS, COMPETENCIES, BUSINESS DISCIPLINES, BEST PRACTICE TOOLS AND ACCESS TO OTHER RESOURCES, INCLUDING SUBJECT MATTER EXPERTS AND COACHING TO SIGNIFICANTLY IMPROVE THE CHANCES OF SUCCESS. TO PROVIDE PRE-SEED CAPITAL TO EARLY-STAGE TECHNOLOGY COMPANIES THAT SUCCESSFULLY GRADUATE FROM THE ACCELERATOR PROGRAM AND DEMONSTRATE SIGNIFICANT GROWTH POTENTIAL WITH A BROAD REACH OF CUSTOMERS. LEVEL THE PLAYING FIELD BY PROVIDING ACCESS TO THE AVAILABLE PROGRAMS, RESOURCES AND EARLY-STAGE CAPITAL TO ALL ASPIRING FOUNDERS AND MEMBERS OF OUR COMMUNITY. TO CONTINUE TO SUPPORT OUR ALUMNI AND PORTFOLIO COMPANIES BY CONNECTING THEM TO ADDITIONAL RESOURCES AND ORGANIZATIONS WITHIN THE TECH AND INNOVATION ECOSYSTEM TO ASSIST IN THE GROWTH AND SCALE PHASES OF THEIR ENTREPRENEURIAL JOURNEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Haynes CEO - Executive Director | Officer | 40 | $130,000 |
Phil Zeman Chair | OfficerTrustee | 1 | $0 |
Kelly Cohen Immediate Past Chair | OfficerTrustee | 1 | $0 |
Tom Gawronski Treasurer | OfficerTrustee | 1 | $0 |
Taylor Panacale Secretary | OfficerTrustee | 1 | $0 |
Derek Barnett Director (thru 11/14/2023) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $489,913 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,360 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $561,273 |
| Total Program Service Revenue | $36,409 |
| Investment income | $4,396 |
| 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 | $602,078 |
| 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. | $130,000 |
| Compensation of current officers, directors, key employees. | $9,899 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,026 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,153 |
| Payroll taxes | $19,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,212 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,105 |
| Advertising and promotion | $73,694 |
| Office expenses | $1,008 |
| Information technology | $14,151 |
| Royalties | $0 |
| Occupancy | $52,232 |
| Travel | $2,403 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,314 |
| Interest | $21,980 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,107 |
| All other expenses | $0 |
| Total functional expenses | $487,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,963 |
| Savings and temporary cash investments | $971,447 |
| Pledges and grants receivable | $1,236,775 |
| Accounts receivable, net | $1,200 |
| 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 | $110 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,775 |
| Total assets | $2,494,270 |
| Accounts payable and accrued expenses | $211,016 |
| 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 | $470,450 |
| Other liabilities | $0 |
| Total liabilities | $681,466 |
| Net assets without donor restrictions | $179,849 |
| Net assets with donor restrictions | $1,632,955 |
| 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 | $2,494,270 |