Civic Intelligence

The Aster Initiative Inc

EIN 83-2527076 • 501(c)3 • Brooklyn, NY

Profile

Offering affordable, flexible, and high-quality educational day care and after-school services tailored for preschool and school-aged children in new york city. Our commitment extends to delivering diverse educational programming through progressive methods.

545 Quincy StreetBrooklyn, NY 11221-1809

theasterinitiative.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

46th percentile

0.00x

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

NTEE B21 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

48th percentile

0.00x

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

NTEE B21 • <$500k nonprofits • Source year 2024

Net Margin

91st percentile

32%

Higher net margin than 91% of similar nonprofits.

NTEE B21 • <$500k nonprofits • Source year 2024

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

NTEE B21 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets46th percentile

Assets

$16,651

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$16,651

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue48th percentileNet Margin91st percentile

Revenue

$51,276

No earlier filing loaded for comparison.

Expenses

$34,625

No earlier filing loaded for comparison.

Net Income

$16,651

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20K$15K$10K$5.0K$0Assets 2024: $16,651Liabilities 2024: $0Net Assets 2024: $16,6512024

Highlighted filing

2024

Assets$16,651
Liabilities$0
Net Assets$16,651
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0Revenue 2024: $51,276Expenses 2024: $34,625Net Income 2024: $16,6512024

Highlighted filing

2024

Revenue$51,276
Expenses$34,625
Net Income$16,651
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$16,651
Liabilities
$0
Net assets
$16,651
Revenue
$51,276
Expenses
$34,625
Net income
$16,651
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.7$0.00$16.7$51.3$34.6$16.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 13, 2025
Return Version
2024v5.0
Gross Receipts
$51,276
Mission and Program Overview

Mission

Offering affordable, flexible, and high-quality educational day care and after-school services tailored for preschool and school-aged children in new york city. Our commitment extends to delivering diverse educational programming through progressive methods.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$14,073-
Other Notes and Loans Receivable, Net-$2,578-
Total Assets$0$16,651▲ $16,651
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$16,651-
Total Net Assets Fund Balance$0$16,651▲ $16,651
Total Liabilities and Net Assets / Fund Balance$0$16,651▲ $16,651
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

NameTitle
Julie BrooksDirector
Kayann StephensDirector
Lorraine BarkerDirector of
Andre FarrellExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$6,102
Program Service Revenue
$45,174
Investment Income
$0
Other Revenue
$0
All Other Contributions
$6,102
Change in Net Assets
$16,651
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$22,711
Other Expenses$11,914
Total Fundraising Expense$2,809
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$20,145--$20,145
Advertising$1,296-$2,809$4,105
Fees for Services Other$3,829--$3,829
Office Expenses$2,986--$2,986
Payroll Taxes$2,367--$2,367
Insurance$994--$994
Other Employee Benefits$199--$199
Total Functional Expenses$31,816$0$2,809$34,625
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
The Aster Initiative Inc
EIN
83-2527076
Phone
9178259065
Address
545 QUINCY STREET, BROOKLYN, NY 11221-1809

Signing Officer

Name
Andre Farrell
Title
Executive Director
Phone
3474536609
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andre Farrell
Formed
2020
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
0
Employees
5

Preparer

Firm
Bmkr Llp
Address
1200 VETERANS HWY STE 350, HAUPPAUGE, NY 11788-3065
Preparer
Moises Sa CPA
Phone
6312935000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Offering affordable, flexible, and high-quality educational day care and after-school services tailored for preschool and school-aged children in new york city. Our commitment extends to delivering diverse educational programming through progressive methods.”

Form 990, Part IX, Line 11G

“Licenses & permits 3,406 0 0 utilites 423 0 0 total 3,829 0 0”

Raw XML Appendix261 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/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR OF
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IRS990/Form990PartVIISectionAGrp/TitleTxt2EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02020
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IRS990/GrossReceiptsAmt051276
IRS990/GroupReturnForAffiliatesInd0false
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IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
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IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt02986
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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0199
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0ANDRE FARRELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03474536609
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE ASTER INITIATIVE INC
ReturnHeader/Filer/BusinessNameControlTxt0ASTE
ReturnHeader/Filer/EIN0832527076
ReturnHeader/Filer/PhoneNum09178259065
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ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0117883065
ReturnHeader/PreparerPersonGrp/PhoneNum06312935000
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MOISES SA CPA
ReturnHeader/ReturnTs02025-05-15T09:31:57-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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