Star Foundation INC: FY2021 Nonprofit Profile & Form 990 (EIN 06-1368773)

Revenue by fiscal year
FY2020	$364K
FY2021	$402K
FY2022	$508K
FY2023	$697K
FY2024	$5.3M

Expenses by fiscal year
FY2020	$254K
FY2021	$196K
FY2022	$288K
FY2023	$110K
FY2024	$4.4M

Net assets by fiscal year
FY2020	$2.6M
FY2021	$3.0M
FY2022	$3.1M
FY2023	$3.9M
FY2024	$4.5M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1993.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

52 cents of each dollar spent went to programs.

52%

35%

13%

Program services 52% · $103K Management & general 35% · $68K Fundraising 13% · $25K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Denis Donegan

Board Member

$0Pt VII · Sec A

John Danaher

Treasurer

$0Pt VII · Sec A

Katie Banzhaf

Vice President

$0Pt VII · Sec A

Mickey Herbst

President

$0Pt VII · Sec A

Peter Saverine

Secretary

$0Pt VII · Sec A

See Star Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Distributes grants to other nonprofits for their work.

Questions for Star Foundation INC

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Provided by the organization

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2 programs · $103K · in their own filed words · FY2020

01

The star foundation sent checks totaling $79,387 to employees of star, inc. For tuition reimbursement and $845 to participants of star, inc. For program participation assistance.

$80Kprogram expense

02

The $22,500 in Grants Were Awarded as Follows

$10,000 to star, inc. For the "day of giving", $7,500 to westport book sale ventures inc. For the book shop project and $5,000 to new canaan mounted troop.

$22Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Cottage in Darien INCFY2024$10K

Total grants receivedfrom 1 funder$10K

Grants paid · 8 grants · $879K · 2019–2024

Unitemized GrantFY2024$669,397

Unitemized GrantFY2022$30,052

Unitemized GrantFY2021$31,391

Westport Book Sale Ventures INCCT · FY2021$10,000

Unitemized GrantFY2020$80,232

Star INC - Lighting the WayCT · FY2020$10,000

Westport Book Sale Ventures INCCT · FY2020$7,500

Unitemized GrantFY2019$40,692

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$402K

Ln 12

Gifts and grantsLn 1h$245K

Investment incomeLn 3$157K

Money outPt IX

$196K

Ln 25

Programscol B$103K

Managementcol C$68K

Fundraisingcol D$25K

Owns and owesPt X

$3.0M

net assets · Ln 32

Cash and savingsLn 1–2$226K

Total assetsLn 16$3.1M

LiabilitiesLn 26$49K

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$245K

Investment incomeLn 3$157K

Gains on assetsLn 7$124K

Total revenueLn 12$402K

Assets in detailPt X, end of year

SavingsLn 2$226K

Cash and savings togetherLn 1–2$226K

InvestmentsLn 11–13$2.1M

Total assetsLn 16$3.1M

LiabilitiesLn 26$49K

Net assetsLn 32$3.0M

OperationsPt I, VI

EmployeesI 50

VolunteersI 65

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$307K	$226K
InvestmentsLn 11–13	$1.2M	$2.1M
Total assetsLn 16	$2.6M	$3.1M
LiabilitiesLn 26	$45K	$49K
Net assetsLn 32	$2.6M	$3.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$22K	$22K
Grants to domestic individualsLn 2	$80K	$80K
Accounting feesLn 11c	$9K		$9K
Professional fundraising feesLn 11e	$25K			$25K
Investment management feesLn 11f	$19K		$19K
Other fees for servicesLn 11g	$36K		$36K
Advertising and promotionLn 12	$3K		$3K
Office expensesLn 13	$295		$295
Other expenses (24a–d)Ln 24	$1K		$1K
Total functional expensesLn 25	$196K	$103K	$68K	$25K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$5.3M	$4.4M	$922K	$4.5M	990 PDF
FY2023	$697K	$110K	$586K	$3.9M	990 PDF
FY2022	$508K	$288K	$221K	$3.1M	990 PDF
FY2021 Viewing	$402K	$196K	$206K	$3.0M	990 PDF
FY2020	$364K	$254K	$110K	$2.6M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2021 990 (6 parts)

Part I · Summary $401,826 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $239,761$245,002

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $124,203$156,824

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $363,964$401,826

I-13 Grants and similar amounts paidPrior year $45,692$102,732

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $141,000$25,000

I-17 Other expensesPrior year $66,828$68,110

I-18 Total expensesPrior year $253,520$195,842

I-19 Revenue less expensesPrior year $110,444$205,984

Part VI · Governance 5 of 5 board members independent, 4 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $401,826 across 5 lines filed

VIII-1f All other contributions, gifts and grants$245,002

VIII-1h Total contributions, gifts and grants$245,002

VIII-3 Investment incomeExcluded from tax $32,605$32,605

VIII-7 Net gain or loss on sales of assetsExcluded from tax $124,219$124,219

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $156,824$401,826

Part IX · Statement of functional expenses $195,842 across 9 lines filed

IX-1 Grants to domestic organizationsPrograms $22,500$22,500

IX-2 Grants to domestic individualsPrograms $80,232$80,232

IX-11c Accounting feesManagement $9,000$9,000

IX-11e Professional fundraising feesFundraising $25,000$25,000

IX-11f Investment management feesManagement $19,174$19,174

IX-11g Other fees for servicesManagement $36,000$36,000

IX-12 Advertising and promotionManagement $2,551$2,551

IX-13 Office expensesManagement $295$295

IX-24 Other expenses (24a–d)Management $1,090$1,090

IX-25 Total functional expensesPrograms $102,732 · Management $68,110 · Fundraising $25,000$195,842

Part X · Balance sheet $3,084,797 assets, 11 lines filed

X-2 Savings and temporary cash investmentsStart of year $307,175$226,487

X-3 Pledges and grants receivableStart of year $1,080,906$797,798

X-4 Accounts receivableStart of year $1,203$730

X-11 Publicly traded securitiesStart of year $1,244,346$2,059,782

X-16 Total assetsStart of year $2,633,630$3,084,797

X-17 Accounts payable and accrued expensesStart of year $45,152$48,843

X-26 Total liabilitiesStart of year $45,152$48,843

X-27 Net assets without donor restrictionsStart of year $2,588,478$3,035,954

X-28 Net assets with donor restrictions$0

X-32 Total net assets or fund balancesStart of year $2,588,478$3,035,954

X-33 Total liabilities and net assetsStart of year $2,633,630$3,084,797

Part XI · Reconciliation of net assets $3,035,954 net assets at year end

XI-1 Total revenue$401,826

XI-2 Total expenses$195,842

XI-3 Revenue less expenses$205,984

XI-4 Net assets at start of year$2,588,478

XI-5 Net unrealized gains (losses) on investments$241,492

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$3,035,954

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Star Foundation INC FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Star Foundation INC

The $22,500 in Grants Were Awarded as Follows

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV