Starfish Inc
- Assets
- $417.6k
- Revenue
- $787.0k
- Investments
- $0.0
- Employees
- 10
- Location
- Indianapolis, IN
- Founding
- 05/2004
- Data as of
- 06/2021
- EIN
- 56-2442758
Organization Overview
Starfish Inc, operating under the name The Starfish Initiative, is located in Indianapolis, IN. The organization was established in 2004. According to its NTEE Classification (O30) the organization is classified as: Adult & Child Matching Programs, under the broad grouping of Youth Development and related organizations. As of 06/2021, Starfish Initiative employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Starfish Initiative 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 06/2021, Starfish Initiative generated $787.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $849.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 6 years. 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
PROVIDE LOW-INCOME HIGH SCHOOL STUDENTS WITH MENTORING, GUIDANCE, AND SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STARFISH SERVES 100 PERCENT LOW-INCOME STUDENTS, AS DEFINED BY BEING ELIGIBLE FOR INDIANA'S TWENTY-FIRST CENTURY SCHOLARS SCHOLARSHIP PROGRAM. COLLEGE ACCESS AND READINESS PROGRAMMING OPERATES ON THE PREMISE THAT ONE- ON-ONE, COMMUNITY-BASED MENTORING IS THE MOST PROMISING METHOD OF MAKING A DIFFERENCE IN THE LIVES OF HIGH-ACHIEVING, LOW-INCOME STUDENTS. SCHOLAR SPECIALISTS SUPPORT THE MENTOR/STUDENT MATCH, ENSURING THAT A MEANINGFUL RELATIONSHIP IS ESTABLISHED AND BENEFICIAL TO THE SCHOLAR. EACH SCHOLAR SPECIALIST OVERSEES UP TO 80 MATCHES, WORKS WITH THE SCHOLAR'S FAMILY AND SCHOOL, AND PLANS AND EXECUTES COLLEGE READINESS ACTIVITIES. THROUGH ONE- ON-ONE MENTORING, STARFISH INITIATIVE IS IMPROVING THE EDUCATIONAL FUTURES OF ECONOMICALLY DISADVANTAGED STUDENTS IN INDIANAPOLIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Crystal Givens CEO | Officer | 40 | $59,202 |
Eric Johnson Treasurer | OfficerTrustee | 0.5 | $0 |
Patrick Lenihan Board Chair | OfficerTrustee | 0.5 | $0 |
Angela Michael Board Chair | OfficerTrustee | 0.5 | $0 |
Karen Daugherty Board Member | Trustee | 0.5 | $0 |
Nicholas Frankle Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $159,545 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $101,612 |
| All other contributions, gifts, grants, and similar amounts not included above | $475,184 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $736,341 |
| Total Program Service Revenue | $0 |
| Investment income | $27 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $50,604 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $786,972 |
| 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. | $59,202 |
| Compensation of current officers, directors, key employees. | $5,920 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $353,177 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,612 |
| Payroll taxes | $33,033 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $121,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,584 |
| Information technology | $18,031 |
| Royalties | $0 |
| Occupancy | $76,230 |
| Travel | $636 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,697 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,030 |
| Insurance | $12,459 |
| All other expenses | $3,796 |
| Total functional expenses | $849,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,225 |
| Savings and temporary cash investments | $153,774 |
| Pledges and grants receivable | $78,950 |
| Accounts receivable, net | $0 |
| 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 | $1,800 |
| Net Land, buildings, and equipment | $107,077 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $527 |
| Other assets | $8,283 |
| Total assets | $417,636 |
| Accounts payable and accrued expenses | $29,539 |
| 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 | $60,000 |
| Other liabilities | $15,616 |
| Total liabilities | $105,155 |
| Net assets without donor restrictions | $206,231 |
| Net assets with donor restrictions | $106,250 |
| 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 | $417,636 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Starfish Inc has recieved totaling $1,116,402.
| Awarding Organization | Amount |
|---|---|
The Mind Trust Inc Indianapolis, IN PURPOSE: SEE ATTACHED | $790,183 |
United Way Of Central Indiana Inc Indianapolis, IN PURPOSE: Program and/or Operating Support | $145,470 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: CAPACITY BUILDING & STRATEGIC PLANNG | $100,000 |
United Way Of Central Indiana Inc Indianapolis, IN PURPOSE: Donor Choice | $28,816 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: PROGRAM SUPPORT & CAPACITY BUILDING | $25,000 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: SUMMER YOUTH PROGRAM | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Viking Youth Hockey Orland Park, IL | $358,960 | $1,230,423 |
Girls Inc Of Chicago Chicago, IL | $775,669 | $1,518,115 |
Starfish Inc Indianapolis, IN | $417,636 | $786,972 |
Covenant Community Development Corporation Fort Wayne, IN | $650,557 | $1,081,632 |
Best Friends of Neenah-Menasha In Neenah, WI | $295,778 | $397,727 |
Chicag0-Lawndale Amachi Mentoring Program Lamp Chicago, IL | $556,317 | $515,062 |
Mbsa Mundelein, IL | $250,670 | $381,652 |
Mentor Greater Milwaukee Inc Milwaukee, WI | $388,494 | $443,907 |
Trusted Mentors Inc Indianapolis, IN | $169,757 | $248,023 |
Kinship Of Polk County Inc Balsam Lake, WI | $396,541 | $228,462 |
The House Of Kings And Priests Inc Milwaukee, WI | $39,915 | $191,317 |
Lydias Closet Consortium Nfp Oblong, IL | $372,071 | $128,950 |