Nonprofit · EIN 65-0615755
FIVE STAR MAGNET PROGRAM INC
Tax-exempt (reinstated) · PALM BCH GDNS, FL 33410
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ | $26,957 | $33,036 | -$6,079 | $11,523 | – | $11,523 |
| June 30, 2024 | 990-EZ | $49,119 | $51,195 | -$2,076 | $17,602 | – | $17,602 |
| June 30, 2023 | 990-EZ | $57,618 | $88,608 | -$30,990 | $19,678 | – | $19,678 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Program service revenue
- $26,952
- Investment income
- $5
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $1,848
- Printing, publications and postage
- $905
- Other expenses
- $30,283
- Program services (functional)
- $33,036
Balance sheet and other
- Total assets, start of year
- $17,602
- Total assets, end of year
- $11,523
- Total liabilities, end of year
- –
- Net assets, end of year
- $11,523
- Cash, savings and investments
- $11,523
- Gross receipts
- $26,957
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Walker | Executive Director | 1 | $0 |
| Welsonne Renior | Chairman | 1 | $0 |
| Katie Thompson | Vice Chairman | 1 | $0 |
| Ben Rubins | Treasurer | 1 | $0 |
| Kathy Tobin | Secretary | 1 | $0 |
990-EZ for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Walker | Executive Director | 1 | $0 |
| Welsonne Renior | Chairman | 1 | $0 |
| Katie Thompson | Vice Chairman | 1 | $0 |
| Ben Rubins | Treasurer | 1 | $0 |
| Kathy Tobin | Secretary | 1 | $0 |
990-EZ for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN WALKER | EXECUTIVE DIRECTOR | 1 | $0 |
| WELSONNE RENIOR | CHAIRMAN | 1 | $0 |
| KATIE THOMPSON | VICE CHAIRMAN | 1 | $0 |
| BEN RUBINS | TREASURER | 1 | $0 |
| KATHY TOBIN | SECRETARY | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4245 HOLLY DR, PALM BCH GDNS, FL 33410-5503
- In care of
- % ARTY FALK
- Mailing address (990-N for 2020)
- 4245 Holly Drive, Palm Beach Gardens FL 33410
- Principal officer (990-N for 2020)
- John Walker, 10240 Seagrape Way, Palm Beach Gardens FL 33418
- Signed the 990-EZ
- John Walker, Director
- Phone
- (561) 694-7388
- Return prepared by
- Jerry Wang PA
Mission
Support the students in the Five Star Magnet Program
Program accomplishments
- Global business and entrepreneurship - The program has been designed to simulate a college curriculum to get essential skills.Expenses $33,036
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-EZ on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 65-0615755
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $11,523
- Income (IRS master file)
- $26,957
Revocation and reinstatement
- Exemption revoked
- November 15, 2010
- Posted by the IRS
- July 13, 2011
- Reinstated
- Effective November 15, 2010
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2025 | $26,957 | $33,036 | $11,523 | XML |
| 990-EZ | June 2024 | $49,119 | $51,195 | $17,602 | XML |
| 990-EZ | June 2023 | $57,618 | $88,608 | $19,678 | XML |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-N for 2020 Officer: John Walker | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: arty falk | June 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2017 Officer: arty falk | June 30, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 65-0615755).
Questions about FIVE STAR MAGNET PROGRAM INC
- What is the EIN of FIVE STAR MAGNET PROGRAM INC?
- The employer identification number (EIN) of FIVE STAR MAGNET PROGRAM INC is 65-0615755.
- Is FIVE STAR MAGNET PROGRAM INC tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2010 and reinstated it effective November 15, 2010.
- Are donations to FIVE STAR MAGNET PROGRAM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FIVE STAR MAGNET PROGRAM INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of FIVE STAR MAGNET PROGRAM INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FIVE STAR MAGNET PROGRAM INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
- Who is the principal officer of FIVE STAR MAGNET PROGRAM INC?
- The 990-N for 2020 names John Walker.
- Who are the officers and directors of FIVE STAR MAGNET PROGRAM INC?
- The 990-EZ for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does FIVE STAR MAGNET PROGRAM INC have?
- On its 990-EZ for the year ended June 30, 2025 it reported revenue of $26,957, expenses of $33,036 and total assets of $11,523 at year end.
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