RISING STARS INC

EIN: 113309547 501(c)(3) Recreation & Sports

FREEPORT, NY

Total Revenue
$2,217,408
Total Expenses
$2,227,838
Total Assets
$1,181,913
Net Assets
$1,176,217
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Principal Officer
DANIEL GIMPEL
Phone
9172022533
Tax Period
2024-01-01 to 2024-12-31

RISING STARS INC is a community nonprofit in the Recreation & Sports sector that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

RISING STARS MISSION IS TO PROMOTE EDUCATION AND REINFORCE VALUES. WE USE THE POWER OF TEAMS AS A CONDUIT TO TEACH LIFE SKILLS AND PROVIDE ACADEMIC AND ATHLETIC SUPPORT TO THE CHILDREN IN OUR COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $1,056,592 Revenue: $747,126

RISING STARS SUMMER LEAGUE, AMATEUR ATHLETIC ASSOC. INTRAMURAL SPORTS PROGRAMS AND ASSOCIATED EDUCATIONAL/INSTRUCTIONAL PROGRAMS FOR BOYS AND GIRLS BETWEEN THE GRADES 4 AND 12.

Program 2
Expenses: $622,436 Revenue: $851,929

PROVIDES ACADEMIC AND SOCIAL SUPPORT TO ITS PARTICIPANTS, UTILIZING THE POWER OF TEAMS AS A VEHICLE TO BETTER PREPARE KIDS IN AND THROUGHOUT HIGH SCHOOL, PROVIDES PRIVATE EDUCATIONAL OPPORTUNITIES...

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PROVIDES ACADEMIC AND SOCIAL SUPPORT TO ITS PARTICIPANTS, UTILIZING THE POWER OF TEAMS AS A VEHICLE TO BETTER PREPARE KIDS IN AND THROUGHOUT HIGH SCHOOL, PROVIDES PRIVATE EDUCATIONAL OPPORTUNITIES FOR AT RISK KIDS, AND OFFERS OUTREACH AND COMMUNITY SUPPORT PROGRAMS.

Program 3
Expenses: $165,191

PLANNING OF CONSTRUCTION AND RENOVATION OF A GYMNASIUM TO FURTHER ASSIST THE COMMUNITY BY PROVIDING A VENUE TO KIDS OF ALL AGES TO ENCOURAGE AND ENHANCE YOUTH SPORTS ACTIVIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $851,929
Program Service Revenue $747,126
Investment Income $41,213
Other Revenue $577,140
TOTAL REVENUE $2,217,408

Expense Breakdown

Grants Paid $0
Salaries & Benefits $366,049
Fundraising Expenses $68,107
Program Expenses $1,844,219
Other Expenses $1,861,789
TOTAL EXPENSES $2,227,838

Year-over-Year Comparison

2024 2023 Change
Revenue $2,217,408 $1,872,693 +0.2%
Expenses $2,227,838 $2,981,376 -0.3%
Net Income $-10,430 $-1,108,683 -1.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
2
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$297,250
Total Directors
7
$297,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL GIMPEL EXEC.DIR./TR 60.00
Officer Director
$196,250 $0 $196,250
PAUL SAVRAMIS PRESIDENT/FO 40.00
Officer Director
$101,000 $0 $101,000
KEVAN ABRAHAMS DIRECTOR 10.00
Director
$0 $0 $0
ALEX CARTER DIRECTOR 10.00
Director
$0 $0 $0
WILLIAM DERSCH DIRECTOR 10.00
Director
$0 $0 $0
THOMAS HOPKE DIRECTOR 10.00
Director
$0 $0 $0
TIM THORNTON DIRECTOR 10.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,217,408 $2,227,838 $1,181,913 $-10,430
2023 $1,872,693 $2,981,376 $1,222,580 $-1,108,683
2022 $2,189,553 $1,877,562 $2,334,953 $311,991
2021 $2,371,167 $1,450,965 $2,003,624 $920,202
2020 $1,128,726 $1,043,558 $1,121,780 $85,168
2019 $2,332,161 $1,773,325 $988,357 $558,836
2018 $1,493,528 $1,420,850 $430,986 $72,678
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