Star Kids Scholarship Program
- Assets
- $1.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Middletown, RI
- Founding
- 03/2010
- Data as of
- 06/2022
- EIN
- 04-3623364
Organization Overview
Star Kids Scholarship Program is located in Middletown, RI. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Star Kids Scholarship Program employed 3 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Star Kids Scholarship Program 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 06/2022, Star Kids Scholarship Program generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $861.6k during the year ending 06/2022. While expenses have increased by 8.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL OPPORTUNITIES IN THE FORM OF TUITION AID TO EFFECTIVE NON-PUBLIC SCHOOLS, UNIFORMS, AFTER-SCHOOL AND SUMMER PROGRAMS, TUTORING AND MENTORING FOR CERTAIN HIGH RISK, LOW-INCOME CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM PROVIDED TUITION ASSISTANCE AND EDUCATIONAL SUPPORT TO APPROXIMATELY 128 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Giblin Stark Exec. Dir. Through 6/30/22 | Officer | 40 | $87,081 |
Karen Flanagan Prog. Dir.; Exec. Dir. Start 7/1/22 | Officer | 40 | $58,408 |
Susie Hill Co-President | OfficerTrustee | 2 | $0 |
Catie Benzak Director | Trustee | 1 | $0 |
Timothy Flanigan President Emeritus | OfficerTrustee | 2 | $0 |
William Hall Treasurer | OfficerTrustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $125,503 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,386,172 |
| Noncash contributions included in lines 1a–1f | $9,358 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,511,675 |
| Total Program Service Revenue | $0 |
| Investment income | $43,255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,005 |
| Net Income from Fundraising Events | -$21,409 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,534,526 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $547,024 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $194,882 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,130 |
| Payroll taxes | $16,758 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,863 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,055 |
| Advertising and promotion | $677 |
| Office expenses | $17,080 |
| Information technology | $3,058 |
| Royalties | $0 |
| Occupancy | $9,680 |
| Travel | $525 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $939 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,655 |
| Insurance | $3,652 |
| All other expenses | $0 |
| Total functional expenses | $861,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $350,206 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,600 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,890 |
| Net Land, buildings, and equipment | $5,238 |
| Investments—publicly traded securities | $1,126,315 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,528,249 |
| Accounts payable and accrued expenses | $13,960 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,960 |
| Net assets without donor restrictions | $323,817 |
| Net assets with donor restrictions | $1,190,472 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,528,249 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Star Kids Scholarship Program has recieved totaling $6,700.
| Awarding Organization | Amount |
|---|---|
Philip Snyder Foundation Providence, RI PURPOSE: SCHOLARSHIPS | $6,700 |
Endowment Analysis
| Beg. Balance | $788,395 |
| Earnings | -$123,606 |
| Admin Expense | $5,974 |
| Net Contributions | $500,000 |
| Grants | $32,500 |
| Ending Balance | $1,126,315 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
Catholic Schools Foundation Inc Boston, MA | $110,171,239 | $27,305,892 |
Laspau Inc Cambridge, MA | $9,172,350 | $9,862,515 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |
Cape Cod Foundation Inc South Yarmouth, MA | $88,834,376 | $21,531,654 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Stephen Phillips Memorial Scholarship Fund Inc Boston, MA | $45,790,109 | $8,308,700 |
Thrive Scholars Boston, MA | $14,006,320 | $13,719,971 |
Boston Latin School Association Boston, MA | $71,373,277 | -$8,021,699 |
Feigenbaum Foundation Inc Pittsfield, MA | $77,550,637 | $8,621,230 |