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Start IT Foundation EIN 46-1164217

Start IT Foundation

EIN  46-1164217 Private foundation / grantmaker Wilmington, DE
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Size
<$100K
What they do
A private foundation based in Wilmington, DE. It reported about $2K in revenue for 2025.
Leadership
Kevin Robert Cheung · Pres, Dir, Sec
Money in and out
$2K revenue, $42K expenses
Bottom line
—

A private foundation based in Wilmington, DE. It reported about $2K in revenue for 2025. For fiscal year 2025 it reported $2K in revenue, $42K in expenses, and $552K in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$2K
Pt VIII · Ln 12
Total expenses
$42K
Pt IX · Ln 25
Net assets
$552K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$40K
Total assets
552K
deployed as grants and operations
Grants paid
25K
in FY2025
Grants made
15grants
total in period
Payout rate
5%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 15 grants · $25K · 2025–2025
Seattle Theatre GroupFY2025$5,000
5th Avenue Theatre AssociationFY2025$5,000
Village TheatreFY2025$2,000
Experience Learning CommunityFY2025$2,000
West Seattle Food BankFY2025$1,500
Seattle Art MuseumFY2025$1,500
Pacific Science Center FoundationFY2025$1,500
Santa Clara Foster & Adoptive Parents AssociationFY2025$1,000
Theatre Development Fund INCFY2025$1,000
The Actors Fund of AmericaFY2025$1,000
Museum of Flight FoundationFY2025$1,000
Book-It Repertory TheatreFY2025$1,000
Broadway Cares-Equity Fights Aids INCFY2025$500
A Broader Way FoundationFY2025$500
The Safina CenterFY2025$388

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$2K
Median grantPart XV$1K
Largest grantPart XV$5K

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$2K
FY2025▼ -92%
Expenses
$42K
FY2025▲ +14%
Total assets
$552K
FY2025▼ -7%
Total liabilities
$0
FY2025
Total revenue
$2K
Pt VIII · Ln 12
Total expenses
$42K
Pt IX · Ln 25
Net assets
$552K
Pt X · Ln 32
Total assetsPt II$552K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CStart IT Foundation
EINHdr · item D46-1164217
Principal addressHdr · item CWilmington, DE
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MDE
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T99)
Ruling yearIRS BMFJul 2014

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
Kevin Robert Cheung
Pres, Dir, Sec
$0Pt VII · Sec A
See Start IT Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$2K · 89%
Investment income$229 · 10%
Other revenue$19 · 1%
Contributions & grants89%$2K
Investment income10%$229
Other revenue1%$19
Total revenueLn 12$2K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.59 Operating & administrative $0.41
Grants & contributions paid59%$25K
Operating & administrative41%$17K
Total functional expensesLn 25$42K

Balance Sheet

Part X · end of year
CashLn 1$4K
Total assetsLn 16$552K
Total liabilitiesLn 26$0
Total net assetsLn 32$552K
Months of cash on handcomputed1.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $552K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $2K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $2K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $2K · Prior year $27K
-92%
Net-asset trend (YoY)
End of year $552K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2K · Expenses $42K
-1799%
Liabilities-to-Assets
Total liabilities — · Total assets $552K
—
Net-asset ratio
Net assets $552K · Total assets $552K
100%
People & payroll
Highest Reported Total Compensation
Individual Kevin Robert Cheung · Reported title Pres, Dir, Sec · Highest reported compensation $0 · Total expenses $42K
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 -92%——

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)$2K revenue · viewing · ⤓ 990 PDF
FY2024$27K revenue · ⤓ 990 PDF
FY2023$17K revenue · ⤓ 990 PDF
FY2022$5K revenue · ⤓ 990 PDF
FY2021$58K revenue · ⤓ 990 PDF
FY2020$14K 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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