Starmar Foundation
- Assets
- $3.5m
- Revenue
- $311.1k
- Investments
- $3.2m
- Employees
- 0
- Location
- Brookville, NY
- Founding
- 06/2012
- Data as of
- 12/2022
- EIN
- 27-4208964
Organization Overview
Starmar Foundation is located in Brookville, NY. The organization was established in 2012. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Starmar Foundation 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 12/2022, Starmar Foundation generated $311.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $330.2k during the year ending 12/2022. While expenses have increased by 10.2% per year over the past 6 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Finn Vice President | 0 | $0 | |
Bettina Finn President | 0 | $0 | |
Arden Finn Vice President | 0 | $0 | |
Marissa Finn Secretary | 0 | $0 | |
Steven Finn Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $39,339 |
| Dividends & Interest | $78,230 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $172,577 |
| Capital Gain Net Income | $172,577 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,953 |
| Total Revenue | $311,099 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $6,981 |
| Taxes | $6,003 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,229 |
| Total operating and administrative expenses | $54,991 |
| Contributions, gifts, grants paid | $275,239 |
| Total expenses and disbursements | $330,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,293 |
| Savings and temporary cash investments | $151,671 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,366,692 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,455,056 |
| Accounts payable and accrued expenses | $7,697 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $48,873 |
| Total liabilities | $56,570 |
Grants Awarded
Over the last fiscal year, Starmar Foundation has awarded $357,382 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
NSLIJ HOSPITAL PURPOSE: GENERAL SUPPORT | $66,560 |
CHABAD OF FIVE TOWNS PURPOSE: GENERAL SUPPORT | $50 |
NSLIJ HOSPITAL PURPOSE: GENERAL SUPPORT | $50,000 |
CITY KIDS FOUNDATION PURPOSE: GENERAL SUPPORT | $65,000 |
PENN ALUMNI RELATIONS PURPOSE: GENERAL SUPPORT | $170 |
LI-TSA PURPOSE: GENERAL SUPPORT | $1,000 |