Starport Foundation
- Assets
- $343.5k
- Revenue
- $168.3k
- Investments
- $321.2k
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- Data as of
- 09/2023
- EIN
- 87-3259655
Organization Overview
Starport Foundation is located in Palo Alto, CA. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Starport 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 09/2023, Starport Foundation generated $168.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $25.3k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ta-Kuang Yang CEO | 0 | $0 | |
Tien-Hui Chang CFO & Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,598 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$36,321 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $168,277 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,267 |
| Depreciation | $116 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,645 |
| Total operating and administrative expenses | $24,013 |
| Contributions, gifts, grants paid | $1,305 |
| Total expenses and disbursements | $25,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,561 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $697 |
| Other assets | $0 |
| Total assets | $343,473 |
| Accounts payable and accrued expenses | $5,188 |
| 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 | $2,825 |
| Total liabilities | $8,013 |
Grants Awarded
Over the last fiscal year, Starport Foundation has awarded $1,305 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MONTEREY BAY AQUARIUM PURPOSE: TO INSPIRE CONSERVATION OF THE OCEAN. A LEADER IN OCEAN CONSERVATION AND EDUCATION, THE MONTEREY BAY AQUARIUM IS CONSIDERED BY MANY TO BE THE BEST IN THE WORLD. | $305 |
KHAN LAB SCHOOL- UPPER SCHOOL PURPOSE: FOR A WELCOMING COMMUNITY THAT VALUES ACADEMIC CHALLENGE, CREATIVITY, AND INDIVIDUAL GROWTH. WE EMPOWER STUDENTS FROM DAY ONE TO STEP UP, SPEAK UP, AND BEGIN SHAPING THEIR SCHOOL EXPERIENCE. | $1,000 |