Overview
What is K Star Inc?
K Star Inc, a nonprofit organization based in Kerrville, Texas, offers temporary assistance to families and children, aiming to establish long-term solutions. This is accomplished through the provision of shelter and counseling services. With a dedicated workforce of 61 individuals, K Star Inc is committed to providing a supportive environment that enables families to overcome challenges and build a stable future. The organization's mission is to foster resilience and independence in families, ultimately contributing to the well-being of the community's children.
Official website here: www.kstar.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
K Star Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scored 96% overall, with its evaluation heavily based on its Accountability & Finance metrics. This robust score reflects a commitment to transparency and responsible management of resources.
The organization’s strengths are highlighted by its fully independent board, which consists of eight members, as well as exemplary financial practices. K Star Inc has successfully implemented key governance policies, maintaining a strong conflict of interest policy and a whistleblower policy. Additionally, the organization has a low liabilities to assets ratio of 8.16% and an outstanding program expense ratio of 94.22%, indicating efficient use of funds in support of its mission.
While the data does not indicate significant weaknesses, the reliance on a single beacon score means that the organization may not be evaluated on other important aspects such as program impact or community feedback. Overall, K Star Inc stands out for its strong financial practices and governance, making it a trustworthy option for donors looking to support nonprofit initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is K Star Inc legitimate?
K Star Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. K 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $74,511
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,043,209
For more financial information, click here
Official website here: www.kstar.org
What is the mission statement of K Star Inc?
K Star Inc's mission is centered around providing temporary aid to foster long-term solutions for families and children. They achieve this through the provision of shelter and counseling services. The organization aims to empower these families to overcome their challenges and establish a stable future. They offer a safe haven and emotional support, working towards a sustainable resolution for the families in need. Their approach is holistic, focusing on both immediate relief and long-term strategies.
Official website here: www.kstar.org
Who is the CEO of K Star Inc?
Melody Lowman is the Chairman of K Star Inc.
Official website here: www.kstar.org
What is the revenue of K Star Inc?
K Star Inc's revenue in 2022 was $1,557,498.
Official website here: www.kstar.org
Who are the executives of K Star Inc and what are their salaries?
The average compensation at K Star Inc during 2022 was $18,323. There are 61 employees and 9 volunteers at K Star Inc.
Here are 9 key members and their salaries:
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- Compensation: $67,235
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- Other: $7,222
Official website here: www.kstar.org
Where can I find the form 990 for K Star Inc?
K Star Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kstar.org
Learn more at the official website: www.kstar.org
Mission Statement of K Star Inc
K Star Inc, as a nonprofit organization, is committed to providing short-term assistance to create long-term solutions for families and children. They accomplish this mission through the provision of shelter and counseling services. By offering temporary housing and emotional support, K Star Inc aims to help families overcome their current challenges and build a stronger future. The organization's approach is holistic, addressing both the immediate needs of families and children and working towards long-term solutions. By providing counseling services, K Star Inc also aims to empower families to develop the skills and resilience needed to navigate life's challenges independently. In doing so, K Star Inc plays a vital role in supporting vulnerable families and helping them to rebuild their lives.
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Impact
July, 2024
K Star Inc's impact lies in providing short-term help to create long-term solutions for families and children through shelter and counseling in Kerrville, TX. This organization is dedicated to supporting vulnerable individuals and families by offering essential services aimed at improving their well-being and fostering stability in their lives. Through its mission of providing shelter and counseling, K Star Inc plays a crucial role in addressing immediate needs while also working towards sustainable solutions for those in need.
This information is meant to be a general summary of K Star Inc. 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: $28
- Gross Receipts: $1,574,584
Assets and Liabilities:
- Total Assets: $1,153,199
- Total Liabilities: $46,798
- Net Assets: $1,106,401
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Organization Details
Founding Year
1991
Principal Officer
Melody Lowman
Main Address
PO BOX 290962, KERRVILLE, TX, 78029
Website
www.kstar.orgNTEE Category
Code: P300 - Human services
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