Broken Star Fund
- Assets
- $565.4k
- Revenue
- $244.2k
- Investments
- $0.0
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 01/1986
- Data as of
- 07/2023
- EIN
- 59-2537032
Organization Overview
Broken Star Fund is located in West Palm Beach, FL. The organization was established in 1986. According to its NTEE Classification (U31) the organization is classified as: Astronomy, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broken Star Fund is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 07/2023, Broken Star Fund generated $244.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $269.2k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Broken Star Fund has awarded 31 individual grants totaling $291,063. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE, RECEIVE AND MAINTAIN A FUND OR FUNDS OF REAL OR PERSONAL PROPERTY, OR BOTH. TO DISTRIBUTE AND ADMINISTER THE FUND OR FUNDS, INCLUDING ANY INCOME OR INTEREST GENERATED THEREFORE, FOR THE GENERAL WELFARE OF THE EMPLOYEES OF THE PALM BEACH COUNTY SHERIFFS OFFICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FINANCIAL ASSISTANCE TO LAW ENFORCEMENT OFFICERS, AS WELL AS, SCHOLARSHIPS TO STUDENTS/CHILDREN OF EMPLOYEES. SPONSORED EMPLOYEE WELFARE EVENTS AND AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gena Rowlands Director | Trustee | 1 | $0 |
Tangie R Burroughs Director | Trustee | 1 | $0 |
Thomas M Austin Director | Trustee | 2 | $0 |
Keeler Shephard Treasurer | OfficerTrustee | 10 | $0 |
Christopher T Keane President | OfficerTrustee | 2 | $0 |
Nichole C Addazio Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $231,008 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $231,008 |
| Total Program Service Revenue | $0 |
| Investment income | $9,517 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,702 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $244,227 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $59,100 |
| Grants and other assistance to domestic individuals. | $202,195 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,400 |
| 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 | $360 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $269,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,863 |
| Savings and temporary cash investments | $492,784 |
| Pledges and grants receivable | $0 |
| 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 | $31,687 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $77 |
| Total assets | $565,411 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $565,411 |
| 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 | $565,411 |
Grants Awarded
Over the last fiscal year, Broken Star Fund has awarded $55,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDNET PALM BEACH COUNTY PURPOSE: GEN SUPPORT | $5,000 |
BELLAS ANGELS PURPOSE: GEN SUPPORT | $20,000 |
LAW ENFORCEMENT ASSISTANCE FOUNDATI PURPOSE: GEN SUPPORT | $10,000 |
PBA CHARITY FUND PURPOSE: GEN SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project Night Sky Huntsville, AL | $1,210,777 | $450,000 |
Broken Star Fund West Palm Beach, FL | $565,411 | $244,227 |
Gold Star Wives Of America Inc Birmingham, AL | $437,549 | $0 |
Metropolitan Atlanta Astrological Society Atlanta, GA | $254,233 | $0 |
Star Art Foundation miami, FL | $945 | $0 |