Civic Intelligence

Far Star Action Fund

990 • Fiscal year 2018 • EIN 82-3710730

Jan 01, 2018 to Dec 31, 2018 • Filed on May 15, 2019

1000 SECOND AVE 34th FLOORSeattle, WA 98104

(206) 621-1900

Siviq Scores

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

Liabilities / Assets

24th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

24th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Net Margin

1st percentile

-2226%

Higher net margin than 1% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

58th percentile

$0

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Asset Growth

4th percentile

-36%

Faster asset growth than 4% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

1st percentile

-98%

Faster revenue growth than 1% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,281,708

Down $724,098 (-36%) from 2017

Net Assets

Down

$1,281,708

Down $724,098 (-36%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Down

$32,522

Down $1,973,284 (-98%) from 2017

Expenses

Up

$756,620

Up $756,620 from 2017

Net Income

Down

-$724,098

Down $2,729,904 (-136%) from 2017

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 2017: $2,005,806Liabilities 2017: $0Net Assets 2017: $2,005,8062017Assets 2018: $1,281,708Liabilities 2018: $0Net Assets 2018: $1,281,7082018Assets 2019: $1,933,589Liabilities 2019: $0Net Assets 2019: $1,933,5892019Assets 2020: $623,052Liabilities 2020: $0Net Assets 2020: $623,0522020Assets 2021: $2,888,275Liabilities 2021: $0Net Assets 2021: $2,888,2752021Assets 2022: $1,186,838Liabilities 2022: $0Net Assets 2022: $1,186,8382022Assets 2023: $1,143,368Liabilities 2023: $0Net Assets 2023: $1,143,3682023Assets 2024: $185,516Liabilities 2024: $0Net Assets 2024: $185,5162024

Highlighted filing

2018

Assets$1,281,708
Liabilities$0
Net Assets$1,281,708

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2017: $2,005,806Expenses 2017: $0Net Income 2017: $2,005,8062017Revenue 2018: $32,522Expenses 2018: $756,620Net Income 2018: -$724,0982018Revenue 2019: $922,924Expenses 2019: $271,043Net Income 2019: $651,8812019Revenue 2020: $2,839Expenses 2020: $1,313,376Net Income 2020: -$1,310,5372020Revenue 2021: $4,021,717Expenses 2021: $1,756,494Net Income 2021: $2,265,2232021Revenue 2022: $3,055Expenses 2022: $1,704,492Net Income 2022: -$1,701,4372022Revenue 2023: $1,075,305Expenses 2023: $1,118,808Net Income 2023: -$43,5032023Revenue 2024: $46,140Expenses 2024: $2,834,722Net Income 2024: -$2,788,5822024

Highlighted filing

2018

Revenue$32,522
Expenses$756,620
Net Income-$724,098
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 15, 2019
Return Version
2018v3.1
Gross Receipts
$32,522
Mission and Program Overview

Mission

Far star action fund will target education outreach and advocacy efforts to promote social welfare by developing and advocating for legislation, regulations and government programs to improve the environment, protect natural resources, stimulate the economy, improve education, and preserve democracy. Additionally, far star action fund will conduct research and publicize the positions of elected officials concerning the foregoing issues.

Promote social welfare by working to preserve the environment, protect natural resources, stimulate the economy, improve education, and preserve democracy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,005,806$1,281,708▼ $724,098
Investments in Publicly Traded Securities$2,005,806$1,237,818▼ $767,988
Savings and Temporary Cash Investments$0$43,890▲ $43,890
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$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
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$2,005,806$1,281,708▼ $724,098
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$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$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,005,806$1,281,708▼ $724,098
Total Liabilities and Net Assets / Fund Balance$2,005,806$1,281,708▼ $724,098
Compensation and Service Providers

Board Members and Trustees

NameTitle
David J CornfieldPresident/Treasurer
Alison Masako FujinoBoard Member
Linda Archer CornfieldVice Pres/Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$5,433
Program Service Revenue
$0
Investment Income
$27,089
Other Revenue
$0
All Other Contributions
$5,433
Change in Net Assets
$-724,098
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$673,700
Other Expenses$82,920
Total Fundraising Expense$1
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$673,700--$673,700
Fees for Services Legal-$29,319-$29,319
Fees for Services Lobbying$20,000--$20,000
Fees for Services Management-$18,150-$18,150
Fees for Services Accounting-$9,753-$9,753
Advertising$2,900--$2,900
Insurance-$2,796-$2,796
Office Expenses-$1$1$2
Total Functional Expenses$696,600$60,019$1$756,620
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Exposure Labs LLCBoulder, CO-Support$600,000
Fuse WashingtonSeattle, WA-Support$25,000
Mediators Beyond Borders FdnArlington, VA-Support Exempt Org$25,000
Ohio Campus ContactGranville, OH-Support$20,000
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
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
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 A, LINE 2:

David j. Cornfield and linda archer cornfield have a family relationship.

FORM 990, PART VI, SECTION A, LINE 8B:

The organization did not have any committees in 2018.

FORM 990, PART VI, SECTION B, LINE 12C:

The conflict of interest policy applies to far star action fund's directors, officers, members of any committee of the corporation's board of directors, and to any employees designated by the president. Each covered person shall promptly and fully disclose all material facts of every actual or potential conflict of interest and is required to complete an annual conflict of interest questionnaire. All disclosures shall be made to the president who will disclose the conflicts to the board of directors. The board of directors will evaluate the disclosures to determine whether they involve an actual conflict of interest and may attempt to develop alternatives to remove the conflict from the situation. Any covered person who has an actual conflict or potential conflict of interest shall recuse himself/herself from voting on any transaction or arrangement, and shall not be present when any such vote is taken.

FORM 990, PART VI, SECTION C, LINE 19:

Far star action fund's governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Far Star Action Fund
EIN
82-3710730
In Care Of
% JUDY COURSHON BADER MARTIN
Phone
2066211900
Address
1000 SECOND AVE 34th FLOOR, SEATTLE, WA 98104

Signing Officer

Name
David Cornfield
Title
President
Phone
2066211900
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David J Cornfield
Formed
2017
Legal Domicile
Wa
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Bader Martin Ps
Address
1000 2ND AVE 34TH FLOOR, SEATTLE, WA 98104-1022
Preparer
Judy M Courshon
Phone
2066211900
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 6

The board of directors of far star action fund consists of three volunteer board members.

Raw XML AppendixShowing 400 of 430 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0FAR STAR ACTION FUND (THE FUND) WILL TARGET EDUCATION OUTREACH AND ADVOCACY EFFORTS TO PROMOTE SOCIAL WELFARE BY DEVELOPING AND ADVOCATING FOR LEGISLATION, REGULATIONS AND GOVERNMENT PROGRAMS TO IMPROVE THE ENVIRONMENT, PROTECT NATURAL RESOURCES, STIMULATE THE ECONOMY, IMPROVE EDUCATION AND PRESERVE DEMOCRACY. THE FUND'S EFFORTS WILL GENERALLY FOCUS ON ISSUE ADVOCACY AND VOTER ENGAGEMENT. THE FUND WILL DEVELOP TOOLS TO HELP FILMMAKERS AND ACTIVIST GROUPS USE FILM TO INFORM THE PUBLIC AND INFLUENCE POLICY WITH RESPECT TO A VARIETY OF CIVIC ISSUES, SUCH AS ENVIRONMENTAL CONSERVATION, IMPROVEMENT OF THE EDUCATION SYSTEM, AND WAYS TO PRESERVE AND PROTECT OUR DEMOCRACY. THE FUND WILL TARGET CREATION AND DISTRIBUTION OF ACTION GUIDES, WEB TOOLS, AND MEDIA TEMPLATES AND WILL ENGAGE IN RELATED TRAINING EFFORTS. THE FUND ANTICPATES PROVIDING SUPPORT FOR THE DEVELOPMENT OF THE SPECIFIC FILM PROJECTS, AS WELL AS PROVIDING GRANTS TO ORGANIZATIONS ENGAGING IN VOTER REGISTRATION AND EDUCATION EFFORTS. A MINORITY OF THE FUND'S RESOURCES WILL BE USED TO INFLUENCE THE ELECTION, NOMINATION, OR APPOINTMENT OF SPECIFIC CANIDATES TO FURTHER THE FUND'S ADVOCACY EFFORTS.
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IRS990/Form990PartVIISectionAGrp/PersonNm1Linda Archer Cornfield
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleI/RecipientTable/CashGrantAmt3600000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FUSE WASHINGTON
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1MEDIATORS BEYOND BORDERS FDN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2OHIO CAMPUS CONTACT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3EXPOSURE LABS LLC
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01402 3RD AVE 406
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11901 NORTH FORT MYER DR
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2615 N PEARL STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt33200 Carbon Place Suite 100
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0STE 405
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SEATTLE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1ARLINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm2GRANVILLE
IRS990ScheduleI/RecipientTable/USAddress/CityNm3BOULDER
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2OH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3CO
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd098101
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd122209
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd243023
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS OF FAR STAR ACTION FUND CONSISTS OF THREE VOLUNTEER BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DAVID J. CORNFIELD AND LINDA ARCHER CORNFIELD HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DID NOT HAVE ANY COMMITTEES IN 2018.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY APPLIES TO FAR STAR ACTION FUND'S DIRECTORS, OFFICERS, MEMBERS OF ANY COMMITTEE OF THE CORPORATION'S BOARD OF DIRECTORS, AND TO ANY EMPLOYEES DESIGNATED BY THE PRESIDENT. EACH COVERED PERSON SHALL PROMPTLY AND FULLY DISCLOSE ALL MATERIAL FACTS OF EVERY ACTUAL OR POTENTIAL CONFLICT OF INTEREST AND IS REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. ALL DISCLOSURES SHALL BE MADE TO THE PRESIDENT WHO WILL DISCLOSE THE CONFLICTS TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS WILL EVALUATE THE DISCLOSURES TO DETERMINE WHETHER THEY INVOLVE AN ACTUAL CONFLICT OF INTEREST AND MAY ATTEMPT TO DEVELOP ALTERNATIVES TO REMOVE THE CONFLICT FROM THE SITUATION. ANY COVERED PERSON WHO HAS AN ACTUAL CONFLICT OR POTENTIAL CONFLICT OF INTEREST SHALL RECUSE HIMSELF/HERSELF FROM VOTING ON ANY TRANSACTION OR ARRANGEMENT, AND SHALL NOT BE PRESENT WHEN ANY SUCH VOTE IS TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FAR STAR ACTION FUND'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19:
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0WA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1WA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0Software Dev/Cons
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt1Investments
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0Adelpha Systems LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt1Far Star Ventures LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0814 W Garfield St
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt1814 W Garfield St
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0Seattle
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm1Seattle
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0WA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd1WA
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd198119
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IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
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IRS990/TerminateOperationsInd0false
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01000 SECOND AVE 34th FLOOR
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IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd098104
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID CORNFIELD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02066211900

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