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Nonprofiteer
← STARFISH PROJECT INCORPORATED

Form 990 for tax year 2024

Filed by STARFISH PROJECT INCORPORATED.

Totals

Total revenue
$3,281,206
Total expenses
$2,990,169
Contributions and grants received
$1,434,925
Grants paid
$0
Program service revenue
$0
Investment income
$29
Other revenue
$1,846,252
Total assets, end of year
$1,160,896
Total liabilities, end of year
$35,034
Net assets or fund balances, end of year
$1,125,862
Program services expenses (Part IX)
$2,715,429
Management and general expenses
$274,740
Fundraising expenses
$0
Program service expenses (Part III)
$2,715,429

Program services were 90.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,434,925

  • 1g · Noncash contributions included above

    $123,736

  • 3 · Investment income

    total $29 · excluded $29

  • 10a · Gross sales of inventory

    $2,097,575

  • 10b · Cost of goods sold

    $256,212

  • 10c · Net income from sales of inventory

    total $1,841,363 · related or exempt $1,841,363

  • 11d · All other revenue

    total $4,889 · excluded $4,889

  • 11e · Other revenue, total

    $4,889

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $121,500 · program services $70,000 · management and general $51,500

  • 7 · Other salaries and wages

    total $274,253 · program services $194,963 · management and general $79,290

  • 9 · Other employee benefits

    total $27,659 · program services $16,425 · management and general $11,234

  • 10 · Payroll taxes

    total $32,685 · program services $23,235 · management and general $9,450

  • 11c · Fees: accounting

    total $73,134 · management and general $73,134

  • 11g · Fees: other

    total $1,755,839 · program services $1,751,033 · management and general $4,806

  • 12 · Advertising and promotion

    total $326,509 · program services $312,937 · management and general $13,572

  • 13 · Office expenses

    total $29,349 · program services $29,225 · management and general $124

  • 14 · Information technology

    total $64,979 · program services $64,979

  • 16 · Occupancy

    total $1,414 · program services $1,414

  • 17 · Travel

    total $29,953 · program services $7,891 · management and general $22,062

  • 19 · Conferences, conventions and meetings

    total $2,042 · program services $2,042

  • 23 · Insurance

    total $17,207 · program services $15,388 · management and general $1,819

  • 24a · Other expenses: Postage, Packaging

    total $181,634 · program services $181,634

  • 24b · Other expenses: Transaction Fees

    total $50,668 · program services $42,919 · management and general $7,749

  • 24c · Other expenses: Staff Training

    total $1,048 · program services $1,048

  • 24e · All other expenses

    total $296 · program services $296

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $467,956 · end of year $721,065

  • 2 · Savings and temporary cash investments

    beginning of year $1,964 · end of year $1,778

  • 4 · Accounts receivable

    beginning of year $130,131 · end of year $139,271

  • 8 · Inventories for sale or use

    beginning of year $1,782 · end of year $39,682

  • 12 · Investments: other securities

    beginning of year $259,000 · end of year $259,000

  • 15 · Other assets

    beginning of year $100 · end of year $100

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,155 · end of year $8,042

  • 19 · Deferred revenue

    beginning of year $23,867 · end of year $18,063

  • 25 · Other liabilities

    beginning of year $200 · end of year $8,929

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $828,711 · end of year $1,125,862

Mission and programs · 2024

Mission

Restoring hope to exploited women through socially responsible business. Starfish Project, Inc. provides women alternative employment making jewelry and home goods that is sold to help provide counseling, education, health care, as well as food and shelter.

Activities or mission (Part I)

Restoring hope to exploited women through socially responsible business.

  • Sale of jewelry and home decor in a socially responsible manner for the aid of women in Asia who would otherwise be trapped in human trafficking. These women make the jewelry which is then sold to the public mainly via an online store and wholesale retailers. The net proceeds are then used to continue providing employment, counseling, education, vocational training, health care, and housing in the women's shelter. In many cases, these women also need assistance in providing for their immediate family.

    Expenses $2,715,429 · Revenue $1,841,363

As filed on the 2024 return.

Listed in Part VII

  • Jenny McGee

    President/Executive Director

    Total calculated
    $61,500
    From this org
    $61,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Marcia Morris

    Board Chair

    Total calculated
    $0
    Hours/week
    0.5

  • Elmer Doty

    Treasurer

    Total calculated
    $0
    Hours/week
    0.25

  • Esther Woo

    Secretary

    Total calculated
    $0
    Hours/week
    0.25

  • Kate Padgitt Bowman

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Keith Spurgin

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Cheryl Tan

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Michelle Connor

    Bookkeeper

    Total calculated
    $51,875
    From this org
    $51,875
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Starfish (Hong Kong) Limited

    C · Restoring hope to exploited women through socially responsible business. · HK · 100% owned · share of assets $50,547 · controlled entity

    Directly controlled by Starfish Project Incorporated

  • Jin Haixing Shangmao Youxian Gongsi

    C · Restoring hope to exploited women through socially responsible business. · CH · 100% owned · share of income $2,013,886 · share of assets $657,838 · controlled entity

    Directly controlled by Starfish Project Incorporated

Provenance

Return type
form_990
Tax year
2024
Filed
5 August 2025
IRS schema version
2024v5.2
Source object
202522319349301957

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