Starfish Foundationinc
- Assets
- $173.3k
- Revenue
- $213.0k
- Investments
- $0.0
- Employees
- 1
- Location
- West Chester, PA
- Founding
- 06/2012
- Data as of
- 03/2024
- EIN
- 45-3805106
Organization Overview
Starfish Foundationinc is located in West Chester, PA. The organization was established in 2012. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Starfish Foundationinc 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 03/2024, Starfish Foundationinc generated $213.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $202.7k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 6 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE STARFISH FOUNDATION IS TO BE A PREMIER MEANS FOR AT-RISK ECUADORIAN YOUTH TO ACHIEVE A POST-SECONDARY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STARFISH FOUNDATION PROVIDES SUPPLEMENTAL EDUCATION TO HIGH-ACHIEVING YOUTH LIVING IN EXTREME POVERTY IN GUAYAQUIL, ECUADOR THROUGH GRANT FUNDING TO ITS ECUADORIAN COUNTERPART, FUNDACIÓN ESTRELLITAS DEL MAR, WHICH PROVIDES SCHOLARSHIPS, TUTORING, AND LEADERSHIP DEVELOPMENT. IN-KIND SCHOLARSHIPS REDUCE THE ECONOMIC BURDEN FOR ATTENDING SCHOOL BY PROVIDING NECESSARY SUPPLIES SUCH AS UNIFORMS, NOTEBOOKS, AND BOOKS. TUTORING, WHICH INCLUDES HOMEWORK HELP AND SUPPLEMENTAL CLASSES, FILLS IN GAPS LEFT BY THE UNDER-RESOURCED PUBLIC SCHOOL SYSTEM AND IMPROVES ACADEMIC SUCCESS. LEADERSHIP DEVELOPMENT EMPOWERS STUDENTS TO GIVE BACK AND BECOME LEADERS IN THEIR COMMUNITIES TO ULTIMATELY BREAK THE CYCLE OF POVERTY INTO WHICH THEY WERE BORN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Flores Board Member | Trustee | 2 | $0 |
Kim John-Williams Board Member | Trustee | 2 | $0 |
Todd Chaikin Board Member | Trustee | 2 | $0 |
Stephanie Mazur Board Member | Trustee | 2 | $0 |
Debra Arvanites Board Secretary, Officer | OfficerTrustee | 2 | $0 |
Lauren Carrig Board Treasurer, Officer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $209,040 |
| Noncash contributions included in lines 1a–1f | $9,405 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $209,040 |
| Total Program Service Revenue | $0 |
| Investment income | $3,979 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $213,019 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $135,000 |
| 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 | $31,939 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,544 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,616 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,920 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $878 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,447 |
| All other expenses | $0 |
| Total functional expenses | $202,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,123 |
| Savings and temporary cash investments | $72,155 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $173,278 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $173,278 |
| Net assets with donor restrictions | $0 |
| 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 | $173,278 |