Starter Studio Inc
Nonprofit profile at a glance
- EIN
- 473588373
- IRS 990-EZ coverage
- 2016–2016
- Forms available
- Form 990-EZ 2016, Form 990-N 2015
- Location
- Orlando, FL, USA
- Phone
- 4079153903
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $51,168
- Expenses
- $65,419
- Assets
- $9,049
- Liabilities
- $11,760
Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.
Leadership & pay
2 people listed
People named in this filing
- Donna Mackenzie (exective director)
- Gregg Pollack (chair)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Starter Studio is an accelerator program for technology related startups in the earliest stages of development. We strategically select the most suitable businesses to strengthen each class. Our classes often have businesses that help one another and frequently collaborate. The Starter Studio program provides teams the unique opportunity to gain education, mentorship, legal and financial resources, networking opportunities, and the right culture to help innovative solutions grow. Each week of our program is designed to help each company perform crucial steps to the development of any startup. The curriculum is supplemented with the assistance of devoted mentors who are matched with each company based on their profession and expertise.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 93
- Transparency & Controls: 100
- Sustainability: 19
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 81.4%; rating input score 81
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -27.9%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 0.14; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 1.3; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 100% of revenue deployed · 81.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $53K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 17/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.