Aster Study Center INC EIN 27-4367432

Aster Study Center INC

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Teaches homemaking as an art and science, applying hospitality principles to home management. For fiscal year 2024 it reported $304K in revenue, $322K in expenses, and $131K in net assets.Pt I

Type
Public charity (501(c)(3)) · Youth Development
Location
Los Angeles, CA
Filings
5 on file (2020–2024)
Revenue
$304KFY2024
Expenses
$322K
Net assets
$131K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-4367432 Public charity (501(c)(3)) Los Angeles, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Teaches homemaking as an art and science, applying hospitality principles to home management.
Leadership
Jennifer Bangit · Board Member
Money in and out
$304K revenue, $322K expenses
Bottom line
68% program efficiency
Where the money goes · FY2024
Total revenue
$304K
Pt VIII · Ln 12
Total expenses
$322K
Pt IX · Ln 25
Net assets
$131K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$18K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.32
Program efficiency
68%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
1.5mo
months of highly liquid reserves at operating expense rate▼ -29% vs prior filing year
Surplus margin
-6%
revenue over expenses, this year▼ -12% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$304K
FY2024▲ +5%
Expenses
$322K
FY2024▲ +6%
Total assets
$132K
FY2024▼ -15%
Total liabilities
$1K
FY2024▼ -82%
Total revenue
$304K
Pt VIII · Ln 12
Total expenses
$322K
Pt IX · Ln 25
Net assets
$131K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$18K
Total assetsPt X · Ln 16$132K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $217K of program spending, described in the organization's own filed words · FY2024.
01

Aster study center, inc offers a number of programs to carry out its mission. These include the following 1. Training program - internships in hospitality services established at two sites.2. Art of living - program for high school girls that focuses on nutrition, food preparation and presentation, event planning.

$217Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAster Study Center INC
EINHdr · item D27-4367432
Principal addressHdr · item CLos Angeles, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFAug 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Stephanie Mascari’s $8K as Board Member is at the 5th percentile of top reported officer pay among 1985 $100K–1M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Stephanie Mascari$8,000$8,000$8,000$8,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$168K · 55%
Contributions & grants$136K · 45%
Program service revenue55%$168K
Contributions & grants45%$136K
Investment income$90
Other revenue$21
Total revenueLn 12$304K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.32
Program services68%$217K
Management & general32%$105K
Total functional expensesLn 25$322K

Balance Sheet

Part X · end of year
CashLn 1$40K
Total assetsLn 16$132K
Total liabilitiesLn 26$1K
Total net assetsLn 32$131K
Months of cash on handcomputed1.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $40K · Operating expenses/yr $322K
1.5 months
Where the money goes
Program services
Program services $217K · Total expenses $322K
68%
Management & General
Management & general $105K · Total expenses $322K
32%
Fundraising
Fundraising $0 · Total expenses $322K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $138K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $136K · Total revenue $304K
45%
Government reliance
Government grants — · Total revenue $304K
Earned-income share
Program service revenue $168K · Total revenue $304K
55%
Investment reliance
Investment income $90 · Total revenue $304K
+0.03%
Program self-sufficiency
Program service revenue $168K · Total expenses $322K
52%
Growth & trend
Revenue growth (YoY)
This year $304K · Prior year $288K
+5%
Revenue CAGR
FY2020 $308K · FY2024 $304K
-0.3%
Net-asset trend (YoY)
End of year $131K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $304K · Expenses $322K
-6%
Liabilities-to-Assets
Total liabilities — · Total assets $132K
Net-asset ratio
Net assets $131K · Total assets $132K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $132K
0%
People & payroll
Highest Reported Total Compensation
Individual Jennifer Bangit · Reported title Board Member · Highest reported compensation $0 · Total expenses $322K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $147K · Total expenses $322K
46%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 32%
Fundraising cost ratio 0%
Revenue growth 5%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.2%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$99K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$304K revenue · viewing · ⤓ 990 PDF
FY2023$288K revenue · ⤓ 990 PDF
FY2022$307K revenue · ⤓ 990 PDF
FY2021$314K revenue · ⤓ 990 PDF
FY2020$308K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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