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← FAR STAR ACTION FUND

Form 990 for tax year 2022

Filed by FAR STAR ACTION FUND.

Totals

Total revenue
$3,055
Total expenses
$1,704,492
Contributions and grants received
$500
Grants paid
$1,550,465
Program service revenue
$0
Investment income
$2,555
Other revenue
$0
Total assets, end of year
$1,186,838
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,186,838
Program services expenses (Part IX)
$1,621,280
Management and general expenses
$83,212
Fundraising expenses
$0
Program service expenses (Part III)
$1,621,280

Program services were 95.1% 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

    $500

  • 3 · Investment income

    total $2,555 · excluded $2,555

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,550,465 · program services $1,550,465

  • 11a · Fees: management

    total $51,770 · management and general $51,770

  • 11b · Fees: legal

    total $1,000 · management and general $1,000

  • 11c · Fees: accounting

    total $750 · management and general $750

  • 12 · Advertising and promotion

    total $2,786 · program services $2,786

  • 13 · Office expenses

    total $6,291 · management and general $6,291

  • 14 · Information technology

    total $2,153 · management and general $2,153

  • 16 · Occupancy

    total $2,433 · management and general $2,433

  • 17 · Travel

    total $18,319 · management and general $18,319

  • 23 · Insurance

    total $496 · management and general $496

  • 24a · Other expenses: PRODUCTION EXPENSES

    total $27,844 · program services $27,844

  • 24b · Other expenses: COMMUNITY SUPPORT

    total $24,123 · program services $24,123

  • 24c · Other expenses: SUPPLIES

    total $15,214 · program services $15,214

  • 24d · Other expenses: MEMBERSHIP

    total $716 · program services $716

  • 24e · All other expenses

    total $132 · program services $132

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,888,183 · end of year $1,069,612

  • 4 · Accounts receivable

    beginning of year $92 · end of year $117,226

  • 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 $2,888,275 · end of year $1,186,838

Mission and programs · 2022

Mission

SEE SCHEDULE O

Activities or mission (Part I)

A 501(C)(4) THAT SUPPORTS PROGRAMS IN STEAM EDUCATION, GOOD GOVERNANCE, AND CLIMATE ADVOCACY---SEEKING CREATIVE SOLUTIONS TO THE WORLD'S CHALLENGES.

  • SEE SCHEDULE O

    Expenses $1,621,280 · Grants $1,550,465

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DAVID J CORNFIELD

    PRESIDENT/TREASURER

    Total calculated
    $45,601
    From this org
    $0
    From related orgs
    $45,601
    Other
    $0
    Hours/week
    1 + 1 related

  • LINDA ARCHER CORNFIELD

    VICE PRES/SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ALISON MASAKO FUJINO

    OFFICER

    Total calculated
    $147,493
    From this org
    $0
    From related orgs
    $147,493
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $142,711 related
    Bonus
    $0 + $4,782 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $147,493 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants 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.

  • FAR STAR VENTURES LLC

    S · INVESTMENTS · WA

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202343189349311154

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