Civic Intelligence

Starter Studio Fl Inc.

990 • Fiscal year 2023 • EIN 47-4227979

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

130 S Orange Ave Suite BOrlando, FL 32801

(407) 378-4150

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

73rd percentile

0.27x

Higher debt load relative to assets than 73% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

89th percentile

1.13x

Higher debt load relative to revenue than 89% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

73rd percentile

19%

Higher net margin than 73% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

78th percentile

$130,000

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 21.6% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

53rd percentile

5.5%

Faster asset growth than 53% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

15th percentile

-24%

Faster revenue growth than 15% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Flat

$2,494,270

Flat from 2023

Net Assets

Flat

$1,812,804

Flat from 2023

Liabilities

Flat

$681,466

Flat from 2023

Revenue

Flat

$602,078

Flat from 2023

Expenses

Flat

$487,938

Flat from 2023

Net Income

Flat

$114,140

Flat from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2016: $218,608Liabilities 2016: $0Net Assets 2016: $218,6082016Assets 2017: $1,251,782Liabilities 2017: $24,621Net Assets 2017: $1,227,1612017Assets 2018: $1,350,575Liabilities 2018: $337,965Net Assets 2018: $1,012,6102018Assets 2019: $1,692,559Liabilities 2019: $388,452Net Assets 2019: $1,304,1072019Assets 2020: $1,650,360Liabilities 2020: $502,138Net Assets 2020: $1,148,2222020Assets 2021: $2,025,728Liabilities 2021: $744,464Net Assets 2021: $1,281,2642021Assets 2022: $2,365,288Liabilities 2022: $666,624Net Assets 2022: $1,698,6642022Assets 2023: $2,494,270Liabilities 2023: $681,466Net Assets 2023: $1,812,8042023Assets 2023: $2,494,270Liabilities 2023: $681,466Net Assets 2023: $1,812,8042023Assets 2024: $2,317,552Liabilities 2024: $478,630Net Assets 2024: $1,838,9222024

Highlighted filing

2023

Assets$2,494,270
Liabilities$681,466
Net Assets$1,812,804

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2016: $476,611Expenses 2016: $269,092Net Income 2016: $207,5192016Revenue 2017: $149,957Expenses 2017: $166,406Net Income 2017: -$16,4492017Revenue 2018: $546,190Expenses 2018: $697,747Net Income 2018: -$151,5572018Revenue 2019: $865,297Expenses 2019: $846,527Net Income 2019: $18,7702019Revenue 2020: $569,957Expenses 2020: $726,454Net Income 2020: -$156,4972020Revenue 2021: $591,239Expenses 2021: $594,561Net Income 2021: -$3,3222021Revenue 2022: $792,488Expenses 2022: $375,088Net Income 2022: $417,4002022Revenue 2023: $602,078Expenses 2023: $487,938Net Income 2023: $114,1402023Revenue 2023: $602,078Expenses 2023: $487,938Net Income 2023: $114,1402023Revenue 2024: $444,667Expenses 2024: $454,169Net Income 2024: -$9,5022024

Highlighted filing

2023

Revenue$602,078
Expenses$487,938
Net Income$114,140
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$602,078
Mission and Program Overview

Mission

Our mission is to build central florida's technology and creative community by investing in promising companies and to make it easier for anyone in orlando to start and grow a company. We believe orlando has the potential to be a nationally-recognized center for technology, and we're working to help make that happen.

Our mission is to build Central Florida's technology and creative community by investing in promising companies and to make it easier for anyone in OR to start and grow a company

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,236,775$1,236,775→ $0
Savings and Temporary Cash Investments$737,497$971,447▲ $233,950
Cash and Non-Interest-Bearing Accounts$379,933$250,963▼ $128,970
Accounts Receivable$450$1,200▲ $750
Prepaid Expenses and Deferred Charges$1,858$110▼ $1,748
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,365,288$2,494,270▲ $128,982
Other Assets Total$8,775$33,775▲ $25,000
Liabilities
Unsecured Notes Loans Payable$470,450$470,450→ $0
Accounts Payable and Accrued Expenses$196,174$211,016▲ $14,842
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$666,624$681,466▲ $14,842
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,632,955$1,632,955→ $0
Net Assets Without Donor Restrictions$65,709$179,849▲ $114,140
Total Net Assets Fund Balance$1,698,664$1,812,804▲ $114,140
Total Liabilities and Net Assets / Fund Balance$2,365,288$2,494,270▲ $128,982

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$216,351$216,351
Leasehold Improvements$0$37,514$37,514
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dawn HaynesCEO - Executive DirectorFT$130,000$130,000

Board Members and Trustees

NameTitle
Phil ZemanChair
Kelly CohenImmediate Past Chair
Carmenza GonzalezDirector
Donna Mackenzie CPADirector
Gregg PollackDirector
Jacques FuDirector
Joshua SnyderDirector
Peter Mcalindon PhdDirector
Renuka SastriDirector
Rob PanepintoDirector
Shari CostantiniDirector
Stephanie Miller PhdDirector
Terrance BerlandDirector
Terry SanksDirector
Derek BarnettDIRECTOR (thru 11/14/2023)
Heath HensleyDIRECTOR (thru 11/28/2023)
Taylor PanacaleSecretary
Tom GawronskiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$561,273
Program Service Revenue
$36,409
Investment Income
$4,396
Other Revenue
$0
All Other Contributions
$71,360
Change in Net Assets
$114,140
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$285,823
Other Expenses$202,115
Total Fundraising Expense$67,499
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$99,708$9,899$20,393$130,000
Other Salaries and Wages$97,428$9,672$19,926$127,026
Advertising$62,641-$11,053$73,694
Occupancy$40,262$6,529$5,441$52,232
Interest$21,980--$21,980
Payroll Taxes$15,068$1,495$3,081$19,644
Information Technology$11,321$1,415$1,415$14,151
Fees for Services Accounting$7,294$1,459$1,459$10,212
Other Employee Benefits$7,020$697$1,436$9,153
Insurance$5,811$1,134$1,162$8,107
Fees for Services Other$6,039$0$1,066$7,105
Other Expenses$5,754-$214$5,754
Travel$2,002-$401$2,403
Conferences and Meetings$1,967-$347$2,314
Office Expenses$777$126$105$1,008
Total Functional Expenses$388,013$32,426$67,499$487,938
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 return is distributed to the board of directors prior to filing for review.

Form 990, Part VI, Section B, Line 12C

The organization regularly and consistently monitor and enforce compliance with the policy in an annual basis.

Form 990, Part VI, Section C, Line 19

Governing documents, including policies and procedures regarding conflicts of interest, and financial information are available upon request.

Filing and Contact Details

Filer

Filer Name
Starter Studio FL Inc
EIN
47-4227979
In Care Of
% DAWN HAYNES
Phone
4073784150
Address
130 S Orange Ave Suite B, Orlando, FL 32801

Signing Officer

Name
Dawn Haynes
Title
CEO
Phone
4079153903
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dawn Haynes
Formed
2016
Legal Domicile
Fl
Voting Board Members
16
Independent Board Members
16
Employees
4
Volunteers
16

Preparer

Firm
Withumsmithbrownpc
Address
200 S ORANGE AVESTE 1200, ORLANDO, FL 32801-3400
Preparer
Kathryn L Ennis CPA
Phone
4078491569
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IRS990/Desc0To build a diverse tech and innovation ecosystem in Central Florida by investing time and resources in promising tech startups. To provide three world-class accelerator programs for founders of early-stage tech startups, offering the opportunity to learn the skills, competencies, business disciplines, best practice tools and access to other resources, including subject matter experts and coaching to significantly improve the chances of success. To provide pre-seed capital to early-stage technology companies that successfully graduate from the accelerator program and demonstrate significant growth potential with a broad reach of customers. Level the playing field by providing access to the available programs, resources and early-stage capital to all aspiring founders and members of our community. To continue to support our alumni and portfolio companies by connecting them to additional resources and organizations within the tech and innovation ecosystem to assist in the growth and scale phases of their entrepreneurial journey.
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