Overview
What is Starfish Foundation?
The Starfish Foundation, based in Wichita Falls, Texas, is a nonprofit organization dedicated to both spiritual and humanitarian missions. They extend their efforts globally, providing funding for educational scholarships, teaching, and vocational training to individuals in need. Beyond education, they also operate an orphanage and offer support to churches and pastors. Their mission is to share the gospel with those who have limited access to it and empower the unfortunate to improve their lives through education, training, and various services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
The Starfish Foundation has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization achieved a score of 58%, reflecting both strengths and weaknesses in its governance. Notably, the foundation has 100% independent board members, which demonstrates a commitment to impartial oversight; however, it has only one independent member on the board, raising questions about its governance structure.
A critical area of concern is the lack of transparency, as the foundation has not provided financial statements or essential documents such as tax forms on its website. Additionally, several key policies, including conflict of interest and whistleblower policies, are missing. These gaps in documentation indicate potential weaknesses in the organization's operational integrity and adherence to best practices.
On a positive note, the Starfish Foundation has an impressive program expense ratio of 99.42%, suggesting that the majority of its expenditures directly support its mission. Furthermore, the organization has no liabilities, indicating a strong financial standing in that regard. However, without the necessary financial transparency and governance practices in place, potential donors may be hesitant to support the foundation fully.
This AI summary has been generated from information found on Charity Navigator.
Is Starfish Foundation legitimate?
Starfish Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Starfish Foundation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Starfish Foundation?
The Starfish Foundation's mission is centered around sharing the gospel with individuals who have limited opportunities to hear it. Additionally, the organization aims to assist the less fortunate in helping themselves through various means, such as education, training, and other services. In practice, this involves funding both spiritual and humanitarian missionary efforts, providing scholarships and vocational training, and offering assistance to those in need, including operating an orphanage and supporting churches and pastors.
Who is the CEO of Starfish Foundation?
Dennis J Cady Officer is the Trustee of Starfish Foundation.
What is the revenue of Starfish Foundation?
Starfish Foundation's revenue in 2022 was $1,301,827.
Who are the executives of Starfish Foundation and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Starfish Foundation?
Starfish Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Starfish Foundation
The Starfish Foundation, in its mission, aims to spread the gospel to individuals who have limited opportunities to hear it. Beyond religious outreach, the organization also seeks to aid the less fortunate by providing them with the means to help themselves. This is accomplished through various educational, training, and service programs.
In terms of practical assistance, Starfish Foundation funds both domestic and international missionary efforts, encompassing both spiritual and humanitarian endeavors. The organization supports education by offering scholarships, teaching, and vocational training. Additionally, they extend a helping hand to those in need in various ways, such as operating an orphanage and providing support to churches and pastors.
In essence, the Starfish Foundation's mission is twofold: to share the gospel with those who have little chance to hear it and to assist the unfortunate in helping themselves through educational, training, and other service programs. By doing so, it aims to uplift and empower those in need, fostering self-sufficiency and spiritual growth.
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Impact
October, 2024
Starfish Foundation makes a significant impact by sharing the gospel with individuals who have limited opportunities to hear it, providing both spiritual and humanitarian assistance. The Foundation empowers marginalized communities through education, offering scholarships, teaching, and vocational training that enable individuals to gain skills and become self-sufficient.
In addition to educational initiatives, Starfish Foundation extends its support to vulnerable populations by operating an orphanage and assisting churches and pastors in their efforts to serve their communities. By funding domestic and foreign missionary activities, the Foundation plays a crucial role in spreading hope and improving lives, ultimately fostering a spirit of resilience and self-help among those it serves.
This information is meant to be a general summary of Starfish Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $407,670
- Gross Receipts: $1,301,827
Assets and Liabilities:
- Total Assets: $3,697,093
- Total Liabilities: $0
- Net Assets: $3,697,093
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Organization Details
Founding Year
2007
Principal Officer
Dennis J Cady Officer
Main Address
PO BOX 3696, Wichita Falls, TX, 76301
NTEE Category
Code: X21 - Religion related
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