Starlight Foundation Inc
- Assets
- $2.3m
- Revenue
- $911.0k
- Investments
- $2.2m
- Employees
- 0
- Location
- Borden, IN
- Founding
- 09/1985
- Data as of
- 12/2022
- EIN
- 31-1140527
Organization Overview
Starlight Foundation Inc is located in Borden, IN. The organization was established in 1985. 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. Starlight Foundation Inc 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, Starlight Foundation Inc generated $911.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 50.6% each year . All expenses for the organization totaled $144.2k during the year ending 12/2022. While expenses have increased by 6.1% 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.
Since 2016, Starlight Foundation Inc has awarded 190 individual grants totaling $702,310. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Koetter Jr President | 1 | $0 | |
Gerald Koetter Secretary | 1 | $0 | |
Randall Koetter Vice President | 1 | $0 | |
Richard Koetter Treasurer | 1 | $0 | |
Brian Koetter Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $377 |
| Dividends & Interest | $71,559 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $63,634 |
| Capital Gain Net Income | $63,634 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $775,410 |
| Total Revenue | $910,980 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,537 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $21,589 |
| Contributions, gifts, grants paid | $122,642 |
| Total expenses and disbursements | $144,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $101,797 |
| 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 | $1,598,706 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,274,300 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Starlight Foundation Inc has awarded $122,642 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: TO FURTHER EXEMPT PURPOSE | $2,500 |
BORDEN BRAVES FOUNDATION LTD PURPOSE: TO FURTHER EXEMPT PURPOSE | $1,000 |
BORDEN FOOD BK PURPOSE: TO FURTHER EXEMPT PURPOSE | $1,000 |
BRANDON'S HOUSE PURPOSE: TO FURTHER EXEMPT PURPOSE | $500 |
HOSPARUS PURPOSE: TO FURTHER EXEMPT PURPOSE | $2,000 |
KAYDE SUE FAULKENBURGER MEMORIAL FOUNDATION PURPOSE: TO FURTHER EXEMPT PURPOSE | $500 |