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Star Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 061368773 ✦ Norwalk, CT ✦ Designated as a 501(c)(3)

Overview

What is Star Foundation Inc?

Star Foundation Inc, based in Norwalk, Connecticut, is a nonprofit organization that plays a significant role in grant distribution. Their mission lies in supporting various nonprofit organizations by providing financial aid for their initiatives. As per the provided information, they recently awarded grants worth $12,500, with $2,500 going to The Arc of Connecticut - Harvest of Hope as a Platinum Sponsorship and $10,000 to the Westport Book Sale Ventures, Inc. Employment Training Program. The Star Foundation Inc actively contributes to the work of these nonprofits, aiding them in their respective activities.


Is Star Foundation Inc legitimate?

Star Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Star Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $102,500
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Star Foundation Inc?
Who is the CEO of Star Foundation Inc?
What is the revenue of Star Foundation Inc?
Who are the executives of Star Foundation Inc and what are their salaries?
Where can I find the form 990 for Star Foundation Inc?

Mission Statement of Star Foundation Inc

Star Foundation Inc, as revealed in the provided information, is an organization that dedicates its resources to supporting various nonprofit organizations by providing them with grants. This philanthropic entity channels its funds to these organizations, enabling them to carry out their respective activities more effectively. In particular, the information discloses two recipients of Star Foundation Inc's grants: the Arc of Connecticut's Harvest of Hope, which received a Platinum sponsorship of $2,500, and Westport Book Sale Ventures, Inc., which received an employment training program grant of $10,000. The mission of Star Foundation Inc can be paraphrased as an institution that financially empowers nonprofit organizations, enabling them to expand their reach and enhance their impact in their respective fields.

Impact

This information is meant to be a general summary of Star Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Star Foundation Inc's impact can be seen in its direct support of organizations like The Arc of Connecticut and Westport Book Sale Ventures, Inc. Through grants totaling $12,500, they have provided crucial funding to help these organizations further their missions. This support enables The Arc of Connecticut to continue their Harvest of Hope program and empowers Westport Book Sale Ventures, Inc. to enhance their employment training program. By channeling resources to these organizations, Star Foundation Inc is making a tangible difference in the human services sector, improving the lives of individuals in need.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $126,738
  • Program Service Revenue: $0
  • Gross Receipts: $946,026

    • Assets and Liabilities:
  • Total Assets: $3,164,295
  • Total Liabilities: $40,472
  • Net Assets: $3,123,823
  • Organization Details

    Founding Year

    1993

    Principal Officer

    Katie J Banzhaf

    Main Address

    182 WOLFPIT AVENUE, NORWALK, CT, 06851

    NTEE Category

    Code: P80Z - Human services

    If you are a representative of Star Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.