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First Star Inc

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

EIN: 311719436 ✦ Los angeles, CA ✦ Designated as a 501(c)(3)

Overview

What is First Star Inc?

First Star Inc is a dedicated nonprofit organization based in Los Angeles, California, with a mission to enhance the lives of foster children and those at risk of abuse and neglect. They accomplish this through a unique four-year program called Foster Youth Academies, which partners with universities across the nation. This program provides a supportive environment for high school foster youth, inspiring them to envision themselves in higher education and helping them make the transition. Each summer, these youth reside on an elite college campus, returning monthly during the school year. This university becomes a second home, equipping them with essential life skills for adulthood, advocacy skills, and ensuring they exit foster care with lifelong adult supporters. The ultimate goal is to improve the lives of foster youth by equipping them with the skills needed for successful higher education and future independence. First Star Inc employs a team of 10 individuals to carry out its mission.


Official website here: www.firststar.org

Is First Star Inc legitimate?

First Star Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Star 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: $276,117
Professional Fundraising Fees: $0
Other Salaries and Wages: $360,421

For more financial information, click here


Official website here: www.firststar.org

What is the mission statement of First Star Inc?

First Star Inc's mission is centered around improving the lives of foster children and those at risk of abuse and neglect. They aim to achieve this by collaborating with child welfare agencies, universities, and school districts. The primary goal is to prepare foster youth for a successful transition to higher education and adulthood. To accomplish this, First Star Inc. introduces Foster Youth Academies, a four-year program for high school foster youth. These academies provide a college campus environment during the summer, fostering a sense of belonging and academic achievement. Throughout the school year, foster youth return for regular sessions, turning the university into a second home that inspires and enables them. The program focuses on academic success, equipping foster youth with essential life skills for adulthood. It also trains them to advocate for themselves and others, ensuring they exit foster care with lifelong adult supporters. Overall, First Star Inc. seeks to transform the lives of foster youth from adversity to academic achievement and self-sufficiency.


Official website here: www.firststar.org

Who is the CEO of First Star Inc?

Peter Samuelson is the Director of First Star Inc. The CEO's salary of First Star Inc is $162,249 and their total compensation is $162,249.


Official website here: www.firststar.org

What is the revenue of First Star Inc?

First Star Inc's revenue in 2022 was $1,266,336.


Official website here: www.firststar.org

Who are the executives of First Star Inc and what are their salaries?

The average compensation at First Star Inc during 2022 was $63,654. There are 10 employees and 100 volunteers at First Star Inc.

Here are 16 key members and their salaries (First Star Inc's CEO's salary is $162,249 and their total compensation is $162,249):

    Lyndsey Collins (Chief Executive Officer)
  • Compensation: $162,249
  • Related: $0
  • Other: $0

    • Robin Winston (Chief Operating Officer)
  • Compensation: $113,868
  • Related: $0
  • Other: $0

    • Adrien Sebro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Gray (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Valentine (Outgoing-Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Glen Friedman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Janet Rosenzweig (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Judy Hackett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathleen Strottman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Linda Gallardo (Outgoing-Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Cook (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Samuelson (President/Co-Founder/Actin) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Philip Hong (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Raul Cardenas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stephanie Sperber (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vince Thompson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.firststar.org

    Where can I find the form 990 for First Star Inc?

    The First Star Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.firststar.org

    Learn more at the official website: www.firststar.org

    Mission Statement of First Star Inc

    First Star Inc, a nonprofit organization, is dedicated to improving the lives of foster children and children at risk of abuse and neglect. Their mission is multifaceted, focusing on partnering with child welfare agencies, universities, and school districts to ensure that foster youth have the necessary skills to successfully transition to higher education and adulthood.

    At the heart of First Star Inc's mission is the Foster Youth Academies program. This program collaborates with universities across the nation, making a long-term investment in foster youth with the goal of transforming their lives from a background of abuse and neglect to academic achievement and self-sufficiency. The academies provide a four-year program for high school foster youth, showcasing to them that they belong on a college campus and helping them achieve their goal of higher education.

    During the summer, foster youth live on an elite college campus, fostering a sense of belonging and inspiration. They return one to two days each month during the school year, maintaining a connection with the campus that serves as a second home. The academies are designed to keep youth on track for academic success, equip them with life skills essential for adulthood, train them to advocate for themselves and others, and ensure that all youth exit foster care with lifelong adult supporters.

    Impact

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




    Thursday, August 15, 2024

    First Star Inc's impact is profound and far-reaching as it works tirelessly to improve the lives of foster children and children at risk of abuse and neglect. Through its innovative Foster Youth Academies, First Star partners with universities across the country to make a long-term investment in foster youth. By providing a four-year program that instills a sense of belonging on a college campus, equips youth with life skills, and ensures they have lifelong adult supporters, First Star is changing the course of these young people's lives. Their work not only drives academic achievement but also empowers youth to advocate for themselves and others, preparing them for successful transitions to higher education and adulthood.





    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: $15
  • Program Service Revenue: $0
  • Gross Receipts: $1,266,336

    • Assets and Liabilities:
  • Total Assets: $1,566,269
  • Total Liabilities: $767
  • Net Assets: $1,565,502
  • Organization Details

    Founding Year

    2000

    Principal Officer

    Peter Samuelson

    Main Address

    2049 CENTURY PARK EAST 4320, LOS ANGELES, CA, 90067

    NTEE Category

    Code: P20 - Human services

    If you are a representative of First Star 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.