Nonprofit · EIN 83-2527076
THE ASTER INITIATIVE INC
Tax-exempt (reinstated) · BROOKLYN, NY 11221
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $245,031 | $349,764 | -$104,733 | $91,876 | $179,958 | -$88,082 |
| December 31, 2024 | 990 | $51,276 | $34,625 | $16,651 | $16,651 | $0 | $16,651 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $14,535
- of which government grants
- $9,264
- Program service revenue
- $230,496
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $173,910
- Salaries, compensation and benefits (total)
- $197,922
- Professional fundraising fees
- $0
- Legal fees
- $12,508
- Accounting fees
- $2,520
- Occupancy
- $8,933
- Travel
- $7,251
- Program services (functional)
- $349,764
Balance sheet and other
- Total assets, start of year
- $16,651
- Total assets, end of year
- $91,876
- Total liabilities, end of year
- $179,958
- Net assets, end of year
- -$88,082
- Net assets without donor restrictions
- -$88,082
- Gross receipts
- $245,031
- Employees
- 14
- Year formed
- 2020
- State of legal domicile
- NY
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDRE FARRELL | EXECUTIVE DI Trustee or director, Officer | 10 | $0 |
| KAYANN STEPHENS | TREASURER Trustee or director, Officer | 10 | $0 |
| KATHERINE JOHNSON | VICE PRESIDE Trustee or director, Officer | 10 | $0 |
| THERESE MYERS | CHAIRMAN Trustee or director, Officer | 10 | $0 |
| TAMIKA GOODRIDGE | SECRETARY Trustee or director, Officer | 10 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LORRAINE BARKER | DIRECTOR OF Trustee or director, Officer | 40 | $0 |
| JULIE BROOKS | DIRECTOR Trustee or director, Officer | 10 | $0 |
| ANDRE FARRELL | EXECUTIVE DI Trustee or director, Officer | 40 | $0 |
| KAYANN STEPHENS | DIRECTOR Trustee or director, Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 545 QUINCY ST, BROOKLYN, NY 11221-1809
- Principal officer (990 for 2025)
- ANDRE FARRELL, 545 QUINCY STREET 1ST FLOOR, BROOKLYN, NY 11221
- Signed the 990
- ANDRE FARRELL, EXECUTIVE DIRECTOR
- Phone
- (917) 825-9065
- Website
- THEASTERINITIATIVE.ORG
- 990-N for 2023 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: ANDRE FARRELL, 545 QUINCY STREET 1ST FLOOR, BROOKLYN NY 11221. Mailing address: 545 QUINCY STREET, BROOKLYN NY 112211809.
- Return prepared by
- BMKR LLP
Mission
THE ASTER INITIATIVE IS A BROOKLYN-BASED NONPROFIT DEDICATED TO EXPANDING EQUITABLE ACCESS TO EDUCATION, WELLNESS, AND CULTURAL OPPORTUNITY. SINCE 2023, WE'VE PARTNERED WITH NYC PUBLIC SCHOOLS, PUBLIC AGENCIES, AND COMMUNITY ORGANIZATIONS TO DELIVER AFTER-SCHOOL PROGRAMS, WELLNESS WORKSHOPS, AND FAMILY-FOCUSED COMMUNITY EVENTS THAT STRENGTHEN CENTRAL BROOKLYN. OUR MISSION IS TO CULTIVATE ENVIRONMENTS WHERE CHILDREN AND FAMILIES THRIVE-ACADEMICALLY, CULTURALLY AND EMOTIONALLY-THROUGH EDUCATION, WELLNESS, AND THE ARTS.
Program accomplishments
- THE ASTER INITIATIVE IS A BROOKLYN-BASED NONPROFIT DEDICATED TO EXPANDING EQUITABLE ACCESS TO EDUCATION, WELLNESS, AND CULTURAL OPPORTUNITY. SINCE 2023, WE'VE PARTNERED WITH NYC PUBLIC SCHOOLS, PUBLIC AGENCIES,AND COMMUNITY ORGANIZATIONS TO DELIVER AFTER-SCHOOL PROGRAMS, WELLNESS WORKSHOPS, AND FAMILY-FOCUSED COMMUNITY EVENTS THAT STRENGTHEN CENTRAL BROOKLYN.Expenses $349,764 · revenue $230,496
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 83-2527076
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B21)
- Assets (IRS master file)
- $91,876
- Income (IRS master file)
- $245,031
Revocation and reinstatement
- Exemption revoked
- May 15, 2023
- Posted by the IRS
- August 14, 2023
- Reinstated
- Effective May 15, 2023
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 | December 2025 | $245,031 | $349,764 | $91,876 | XML |
| 990 | December 2024 | $51,276 | $34,625 | $16,651 | IRS |
| 990-N for 2023 Officer: ANDRE FARRELL Filed under this EIN, most likely by a chapter or affiliate | December 31, 2023 | ≤ $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 83-2527076).
Questions about THE ASTER INITIATIVE INC
- What is the EIN of THE ASTER INITIATIVE INC?
- The employer identification number (EIN) of THE ASTER INITIATIVE INC is 83-2527076.
- Is THE ASTER INITIATIVE INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2023 and reinstated it effective May 15, 2023.
- Are donations to THE ASTER INITIATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE ASTER INITIATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE ASTER INITIATIVE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE ASTER INITIATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of THE ASTER INITIATIVE INC?
- The 990 for the year ended December 31, 2025 names ANDRE FARRELL.
- Who are the officers and directors of THE ASTER INITIATIVE INC?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does THE ASTER INITIATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $245,031, expenses of $349,764 and total assets of $91,876 at year end.
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