Nonprofit · EIN 81-3141890
STAR OF HOPE INC
Tax-exempt · ROCKLAND, ME 04841
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $3,421,950 | $2,251,013 | $1,170,937 | $50,999,224 | $4,712,586 | $46,286,638 |
| December 31, 2023 | 990-PF | $817,687 | $2,283,522 | -$1,465,835 | $50,776,256 | $5,651,447 | $45,124,809 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,785,000
- Dividends
- $65,708
- Interest
- $14,376
- Net rental income
- $3,000
- Net gain from sales of assets
- $198,734
- Other income
- $1,355,132
Expenses
- Grants and similar amounts paid
- $67,500
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $2,077,968
- Excise tax on investment income
- $22,012
Balance sheet and other
- Total assets, start of year
- $50,776,256
- Total assets, end of year
- $50,999,224
- Total liabilities, end of year
- $4,712,586
- Net assets, end of year
- $46,286,638
- Fair market value of assets
- $50,999,224
- Qualifying distributions
- $2,077,968
- Net investment income
- $1,636,950
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lawrence Sterrs PO Box 143, Rockland, ME 04841 | Past Executive Chairman | 40 | $0 |
| Emily Lane PO Box 143, Rockland, ME 04841 | Co-Chair | 10 | $0 |
| Paul Bird PO Box 143, Rockland, ME 04841 | Co-Chair | 10 | $0 |
| Tracy Harding PO Box 143, Rockland, ME 04841 | Treasurer/Secretary | 15 | $0 |
| Mark Bessire PO Box 143, Rockland, ME 04841 | Director | 2 | $0 |
| Sharon Corwin PO Box 143, Rockland, ME 04841 | Director | 2 | $0 |
| Kris Davidson PO Box 143, Rockland, ME 04841 | Director | 2 | $0 |
| Sean Alonzo Harris PO Box 143, Rockland, ME 04841 | Director | 2 | $0 |
| Julia Trujillo-Luengo PO Box 143, Rockland, ME 04841 | Director | 2 | $0 |
| Adam Weinberg PO Box 143, Rockland, ME 04841 | Director | 2 | $0 |
| Sarah Workneh PO Box 143, Rockland, ME 04841 | Director | 2 | $0 |
990-PF for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lawrence Sterrs PO Box 143, Rockland, ME 04841 | Exec. Chairman/Interim Ops. Manager | 40 | $180,000 |
| Kris Davidson PO Box 143, Rockland, ME 04841 | Secretary | 3 | $6,000 |
| Paul Bird PO Box 143, Rockland, ME 04841 | Treasurer | 3 | $0 |
| Mark Bessire PO Box 143, Rockland, ME 04841 | Director | 2 | $0 |
| Sharon Corwin PO Box 143, Rockland, ME 04841 | Director | 2 | $0 |
| Emily Lane PO Box 143, Rockland, ME 04841 | Director | 2 | $0 |
| Julia Trujillo Luengo PO Box 143, Rockland, ME 04841 | Director | 2 | $0 |
| Adam Weinberg PO Box 143, Rockland, ME 04841 | Director | 2 | $0 |
| Sean Alonzo Harris PO Box 143, Rockland, ME 04841 | Director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 143, ROCKLAND, ME 04841-0143
- In care of
- % LAWRENCE J STERRS
- Signed the 990-PF
- Emily Lane, Chair
- Phone
- (207) 948-6499
- Website
- starofhopefoundation.org
- Return prepared by
- Berry Dunn McNeil & Parker LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 81-3141890
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Arts, culture and humanities (A99)
- Assets (IRS master file)
- $50,999,224
- Income (IRS master file)
- $3,663,827
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $3,421,950 | $2,251,013 | $50,999,224 | XML |
| 990-PF | December 2023 | $817,687 | $2,283,522 | $50,776,256 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
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 81-3141890).
Questions about STAR OF HOPE INC
- What is the EIN of STAR OF HOPE INC?
- The employer identification number (EIN) of STAR OF HOPE INC is 81-3141890.
- Is STAR OF HOPE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to STAR OF HOPE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does STAR OF HOPE INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of STAR OF HOPE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STAR OF HOPE INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of STAR OF HOPE INC?
- The 990-PF for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does STAR OF HOPE INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,421,950, expenses of $2,251,013 and total assets of $50,999,224 at year end.
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All nonprofits in ROCKLAND · Maine · Arts, culture and humanities