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Starlight Foundation INC EIN 31-1140527 Form 990 (PDF) Claim this org

Starlight Foundation INC

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A private foundation based in Borden, IN. It reported about $709K in revenue for 2025. For fiscal year 2025 it reported $709K in revenue, $308K in expenses, and $3.1M in net assets.Pt I

Type
Private foundation / grantmaker · Nonprofit
Location
Borden, IN
Filings
6 on file (2020–2025)
Revenue
$709KFY2025
Expenses
$308K
Net assets
$3.1M
People
5
Filings
6
Updates
0
More identity details & actions ⌄
EIN  31-1140527 Private foundation / grantmaker Borden, IN
Form 990 (PDF)
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Size
$100K–1M
What they do
A private foundation based in Borden, IN. It reported about $709K in revenue for 2025.
Leadership
Thomas Koetter JR · President
Money in and out
$709K revenue, $308K expenses
Bottom line
—
Grants paid & assets · FY2025
Total revenue
$709K
Pt VIII · Ln 12
Total expenses
$308K
Pt IX · Ln 25
Net assets
$3.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $401K
Total assets
3.1M
deployed as grants and operations
Grants paid
287K
in FY2025
Grants made
18grants
total in period
Payout rate
9%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 18 grants · $287K · 2025–2025
Providence High SchoolFY2025$152,500
St Mary's of the KnobsFY2025$25,000
River Heritage ConservancyFY2025$20,000
Piercepolk Volunteer Fire DepartmentFY2025$15,000
The Montessori Field SchoolFY2025$15,000
Friends of Borden Community ParkFY2025$10,000
HosparusFY2025$8,800
St John the Baptist Catholic ChurchFY2025$8,500
Beautiful as You Are (baya)FY2025$7,500
Lifewise Academy (in-Borden)FY2025$5,000
Sisters of St BenedictFY2025$5,000
Hope Southern inFY2025$5,000
St Elizabeth Catholic CharitiesFY2025$3,000
Blessings in a BackpackFY2025$2,500
Borden Braves Foundation LtdFY2025$1,680
Highlander Fire Protection DistrictsFY2025$1,500
Soar MinistriesFY2025$800
St Michael's BradfordFY2025$500

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$16K
Median grantPart XV$8K
Largest grantPart XV$152K

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$709K
FY2025▲ +104%
Expenses
$308K
FY2025▲ +150%
Total assets
$3.1M
FY2025▲ +15%
Total liabilities
$0
FY2025
Total revenue
$709K
Pt VIII · Ln 12
Total expenses
$308K
Pt IX · Ln 25
Net assets
$3.1M
Pt X · Ln 32
Total assetsPt II$3.1M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CStarlight Foundation INC
EINHdr · item D31-1140527
Principal addressHdr · item CBorden, IN
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFSep 1985

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Randall Koetter
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Starlight Foundation INC executive salaries →

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Statement of Revenue

Part VIII
Investment income$584K · 82%
Contributions & grants$125K · 18%
Investment income82%$584K
Contributions & grants18%$125K
Total revenueLn 12$709K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.93 Operating & administrative $0.07
Grants & contributions paid93%$287K
Operating & administrative7%$21K
Total functional expensesLn 25$308K

Balance Sheet

Part X · end of year
CashLn 1$125K
Total assetsLn 16$3.1M
Total liabilitiesLn 26$0
Total net assetsLn 32$3.1M
Months of cash on handcomputed4.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $3.1M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $709K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $709K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $709K · Prior year $348K
+104%
Net-asset trend (YoY)
End of year $3.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $709K · Expenses $308K
+57%
Liabilities-to-Assets
Total liabilities — · Total assets $3.1M
—
Net-asset ratio
Net assets $3.1M · Total assets $3.1M
100%
People & payroll
Highest Reported Total Compensation
Individual Thomas Koetter JR · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $308K
0%
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth 104%——

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.

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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
FY2025 (Latest)$709K revenue · viewing · ⤓ 990 PDF
FY2024$348K revenue · ⤓ 990 PDF
FY2023$308K revenue · ⤓ 990 PDF
FY2022$911K revenue · ⤓ 990 PDF
FY2021$318K revenue · ⤓ 990 PDF
FY2020$-41K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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