Stardust Arts Foundation
- Assets
- $205.4k
- Revenue
- $150.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 09/2016
- Data as of
- 12/2021
- EIN
- 81-3328795
Organization Overview
Stardust Arts Foundation is located in Houston, TX. The organization was established in 2016. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stardust Arts Foundation 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, Stardust Arts Foundation generated $150.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $100.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SPONSORS THE "RED SAND PROJECT." THE RED SAND PROJECT IS A PARTICIPATORY ARTWORK CREATED BY MOLLY GOCHMAN THAT USES SIDEWALK ART, EARTHWORK INSTALLATIONS, AND CONVENINGS TO RAISE AWARENESS OF THE SOCIAL AND ECONOMIC VULNERABILITIES THAT LEAD TO HUMAN TRAFFICKING AND OTHER FORMS OF MODERN-DAY SLAVERY. THE RED SAND PROJECT HOPES TO RECOGNIZE THOSE WHO ARE OVERLOOKED AND MOST AT-RISK OF SPENDING THEIR LIVES BEING EXPLOITED FOR THE PROFIT OF OTHERS. SIDEWALK INTERVENTIONS INVITE PEOPLE TO TAKE THE TIME TO FILL SIDEWALK CRACKS WITH RED SAND AND DOCUMENT THEIR SIDEWALK TRANSFORMATIONS ON VARIOUS SOCIAL MEDIA OUTLETS USING #REDSANDPROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Wright Vice President, Secretary, | 5 | $0 | |
Molly Gochman President, Treasurer, Dire | 5 | $0 | |
Michael Armilio Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $150,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $2,400 |
| Other expenses | $94,518 |
| Total operating and administrative expenses | $100,777 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $100,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,875 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $449 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $19,124 |
| Total assets | $205,448 |
| Accounts payable and accrued expenses | $6,699 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $14,514 |
| Total liabilities | $21,213 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nelda C And H J Lutcher Stark Foundation Orange, TX | $0 | $13,068,953 |
The Lanier Theological Library Foundation Houston, TX | $165,460,506 | $161,744,141 |
Kemper And Leila Williams Foundation New Orleans, LA | $0 | $33,926,761 |
Tom T East Sr & Alice K East & Alice H East & Robert C East Wildl San Antonio, TX | $502,937,323 | $12,880,402 |
The Caldwell Foundation Tyler, TX | $113,613,733 | $12,178,826 |
Jones Trust Springdale, AR | $87,208,961 | $7,926,357 |
Whole Kids Foundation Austin, TX | $20,924,486 | $5,788,036 |
Carl And Marilynn Thoma Art Foundation Santa Fe, NM | $0 | $36,422,281 |
Hope Center Foundation Plano, TX | $50,591,609 | $3,157,864 |
Brian D Patterson Usa - International Foundation Burkburnett, TX | $91,124 | $1,600,664 |
Shearn Moody Plaza Corporation Galveston, TX | $0 | $2,031,035 |
Dhr Health Institute For Research & Development Edinburg, TX | $765,777 | $2,008,327 |