Fifth Star Funds Inc

EIN: 881382953 501(c)(3) Community Improvement

Chicago, IL

Total Revenue
$279,460
Total Expenses
$72,820
Total Assets
$886,812
Net Assets
$884,454
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2024
Legal Domicile
IL
Principal Officer
Kyle Backer
Phone
3127157453
Tax Period
2025-01-01 to 2025-12-31

Fifth Star Funds Inc, founded in 2024, is a small nonprofit in the Community Improvement sector that reported $279K in total revenue in fiscal year 2025. Revenue fell 65% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $207K, a strong 74% operating margin.

Mission

Fifth Star Funds aims to foster a more equitable society by supporting a start-up ecosystem that is representative of today's world. We do this by reducing bias in the deal sourcing process, equalizing access to opportunity, allocating early-stage capital, providing network access, and delivering thoughtful support services that meet the needs of our founders.

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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 (2025)

Revenue Breakdown

Contributions & Grants $279,249
Program Service Revenue $0
Investment Income $160
Other Revenue $51
TOTAL REVENUE $279,460

Expense Breakdown

Grants Paid $0
Salaries & Benefits $40,907
Fundraising Expenses $0
Program Expenses $59,822
Other Expenses $31,913
TOTAL EXPENSES $72,820

Year-over-Year Comparison

2025 2024 Change
Revenue $279,460 $792,939 -0.6%
Expenses $72,820 $115,005 -0.4%
Net Income $206,640 $677,934 -0.7%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
1
Volunteers
3

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
3
$38,000
Total Directors
4
$38,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Osayanmo Osarenkhoe President 1.00
Officer Director
$0 $0 $0
Kyle Backer Secretary & Treasurer 15.00
Officer Director
$38,000 $0 $38,000
Tim Huelskamp Board Member 2.00
Officer Director
$0 $0 $0
Nathan Pelzer Board Member 1.00
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
2025 $279,460 $72,820 $886,812 $206,640
2024 $792,939 $115,005 $682,365 $677,934
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