Startx
- Assets
- $9.8m
- Revenue
- $2.5m
- Investments
- $287.0
- Employees
- 15
- Location
- Palo Alto, CA
- Founding
- 06/2013
- Data as of
- 12/2022
- EIN
- 45-4308444
Organization Overview
Startx is located in Palo Alto, CA. The organization was established in 2013. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Startx employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Startx 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, Startx generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. 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
STARTX ACCELERATES THE DEVELOPMENT OF STANFORD'S HIGHEST-POTENTIAL ENTREPRENEURS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCELERATING THE DEVELOPMENT OF HIGH-POTENTIAL, STANFORD ENTREPRENEURS THROUGH EXPERIENTIAL EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Huang Ceo/president/secretary | OfficerTrustee | 40 | $0 |
Siddhartha Shekhar Singh Cfo/treasurer | OfficerTrustee | 5 | $49,021 |
Cameron Teitelman Chairman Of The Board | Trustee | 1 | $12,522 |
Dan'l Lewin Director | Trustee | 1 | $0 |
Shannon Mcclenaghan Director | Trustee | 1 | $0 |
Michael Carter Director | Trustee | 1 | $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 | $1,343,834 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,343,834 |
| Total Program Service Revenue | $253,924 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $929,805 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,527,570 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $72,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $61,543 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $620,956 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $77,465 |
| Payroll taxes | $45,316 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,783 |
| Fees for services: Accounting | $99,934 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $181,030 |
| Advertising and promotion | $20,112 |
| Office expenses | $38,338 |
| Information technology | $4,769 |
| Royalties | $0 |
| Occupancy | $591,288 |
| Travel | $15,068 |
| 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 | $38,977 |
| Insurance | $11,964 |
| All other expenses | $74,018 |
| Total functional expenses | $1,983,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,426,372 |
| Savings and temporary cash investments | $50,180 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $189,972 |
| 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 | $210,003 |
| Net Land, buildings, and equipment | $76,538 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $287 |
| Investments—program-related | $80,812 |
| Intangible assets | $0 |
| Other assets | $723,053 |
| Total assets | $9,757,217 |
| Accounts payable and accrued expenses | $125,089 |
| Grants payable | $0 |
| Deferred revenue | $15,696 |
| 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 | $469,214 |
| Total liabilities | $609,999 |
| Net assets without donor restrictions | $9,147,218 |
| 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 | $9,757,217 |