Starability Foundation Inc
- Assets
- $4.7m
- Revenue
- $3.7m
- Investments
- $107.0k
- Employees
- 12
- Location
- Naples, FL
- Founding
- 08/1986
- Data as of
- 06/2022
- EIN
- 59-2516162
Organization Overview
Starability Foundation Inc is located in Naples, FL. The organization was established in 1986. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Starability Foundation Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Starability Foundation 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 06/2022, Starability Foundation Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 42.4% each year . All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 31.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO TRANSFORM THE LIVES OF INDIVIDUALS WITH DISABILITIES BY PROVIDING SOCIAL, VOCATIONAL AND EDUCATIONAL CONNECTIONS TO THE COMMUNITY, WHILE STRENGTHENING AWARENESS AND RESPECT FOR INDIVIDUAL ABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STARABILITY SHINES A LIGHT ON ABILITY, NOT DISABILITY. AT STARABILITY WE SUPPORT PEOPLE WITH DISABILITIES BY PROVIDING LIFE TRANSFORMING OPPORTUNITIES THAT EMPHASIZE TEAMWORK AND CONNECTION TO THE COMMUNITY TO BUILD AWARENESS AND RESPECT FOR INDIVIDUAL ABILITIES. STARABILITY FILLS A VOID THAT EXISTS FOR PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES WHO HAVE AGED OUT OF THE SCHOOL SYSTEM. STARABILITY PROVIDES EDUCATIONAL, SOCIAL AND RECREATIONAL PROGRAMS INCLUDING LIFE SKILLS CLASSES, COOKING & NUTRITION CLASSES, BOWLING, BASEBALL AND BASKETBALL LEAGUES, BOOK CLUBS, PHOTOGRAPHY WORKSHOPS, IMPROV CLASSES, VISUAL ART PROGRAMS AND MONTHLY SOCIAL EVENTS.STARABILITY ADVOCATES FOR EMPLOYMENT OPTIONS FOR PEOPLE WITH DISABILITIES IN THE COMMUNITY. IN 2016, STARABILITY LAUNCHED THE TRAILBLAZER ACADEMY, A FULL-TIME PROGRAM WHICH PROVIDES VOCATIONAL TRAINING, EMPLOYMENT READINESS, LIFE SKILLS EDUCATION, FITNESS AND NUTRITION AND ART AND PERSONAL ENRICHMENT OPPORTUNITIES. THE GOAL OF THE TRAILBLAZER ACADEMY IS TO HELP PREPARE PARTICIPANTS FOR EMPLOYMENT AND INDEPENDENT LIVING. OVER 20 VOCATIONAL PARTNERS ARE PROVIDING ON-SITE JOB TRAINING AND SKILL DEVELOPMENT AND THE PARTICIPANTS ARE ACTIVE AND ENGAGED IN THE COMMUNITY AT BOTH THE EMPLOYERS AND OTHER ACTIVITY CENTERS. CLASSROOM INSTRUCTION SUPPLEMENTS THE PROGRAM IN BOTH EMPLOYMENT READINESS (RESUME WRITING, INTERVIEW TECHNIQUES) AND REINFORCEMENT OF ACADEMIC SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Govern CEO | 40 | $109,230 | |
Kelly Moynihan Secretary | Officer | 1 | $0 |
Kenneth Gilman Treasurer | Officer | 2 | $0 |
Laura Georgelos Vice Chair | Officer | 1 | $0 |
Lisa Kahn Board Chair | Officer | 5 | $0 |
Jeff Maconaghy Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $20,900 |
| Fundraising events | $2,740,120 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $806,526 |
| Noncash contributions included in lines 1a–1f | $53,806 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,567,546 |
| Total Program Service Revenue | $209,699 |
| Investment income | -$121,226 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $111,303 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$55,350 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,711,972 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,064,289 |
| Pension plan accruals and contributions | $16,531 |
| Other employee benefits | $46,095 |
| Payroll taxes | $88,282 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,992 |
| Fees for services: Accounting | $59,869 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,869 |
| Advertising and promotion | $32,462 |
| Office expenses | $50,958 |
| Information technology | $10,902 |
| Royalties | $0 |
| Occupancy | $104,891 |
| Travel | $3,328 |
| 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 | $15,120 |
| Insurance | $66,212 |
| All other expenses | $60,983 |
| Total functional expenses | $1,973,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,826,913 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,579 |
| 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 | $51,296 |
| Net Land, buildings, and equipment | $28,559 |
| Investments—publicly traded securities | $1,595,933 |
| Investments—other securities | $107,005 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,301 |
| Total assets | $4,711,586 |
| Accounts payable and accrued expenses | $22,037 |
| Grants payable | $0 |
| Deferred revenue | $12,515 |
| 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 | $34,552 |
| Net assets without donor restrictions | $4,464,955 |
| Net assets with donor restrictions | $212,079 |
| 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 | $4,711,586 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that Starability Foundation Inc has recieved totaling $504,216.
| Awarding Organization | Amount |
|---|---|
Fountain 33 Foundation Inc Naples, FL PURPOSE: TO SUPPORT PEOPLE WITH DISABILITIES THROUGH SOCIAL, VOCATIONAL AND EDUCATIONAL CONNECTIONS TO THE COMMUNITY | $114,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $114,500 |
Community Foundation Of Collier County Naples, FL PURPOSE: HUMAN SERVICES | $91,947 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $35,000 |
Clark Family Foundation Inc Naples, FL PURPOSE: GENERAL OPERATING SUPPORT | $35,000 |
The Richard M Schulze Family Foundation Minneapolis, MN PURPOSE: HUMAN SERVICES | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of South Florida Institute Of Applied Engineering I Tampa, FL | $5,205,656 | $9,587,469 |
The Legacy Foundation At Shell Point Inc Fort Myers, FL | $5,518,203 | $5,863,574 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Tampa-Orlando-Pinellas Jewish Foundation Inc Tampa, FL | $66,534,235 | $10,949,791 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |
Chapters Health Foundation Inc Temple Terrace, FL | $14,703,109 | $7,254,901 |
Consortium Of Florida Education Foundations Inc Gainesville, FL | $1,204,122 | $5,873,511 |
Shepherd Center Foundation Inc Atlanta, GA | $141,754,007 | $86,686 |
Programa De Ayuda Humanitaria Para Venezuela Weston, FL | $8,434 | $5,060,742 |
Make-A-Wish Foundation Of Georgia Inc Atlanta, GA | $3,516,569 | $5,599,948 |
Pbsa Community Engagement Inc Atlanta, GA | $11,515,237 | $4,451,967 |