Nonprofit · EIN 11-3309547
RISING STARS INC
Tax-exempt · FREEPORT, NY 11520
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,217,408 | $2,227,838 | -$10,430 | $1,181,913 | $5,696 | $1,176,217 |
| December 31, 2023 | 990 | $1,872,693 | $2,981,376 | -$1,108,683 | $1,222,580 | $35,933 | $1,186,647 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $851,929
- Program service revenue
- $747,126
- Investment income
- $41,213
- Other revenue
- $577,140
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $297,250
- Salaries, compensation and benefits (total)
- $366,049
- Professional fundraising fees
- $0
- Legal fees
- $29,093
- Accounting fees
- $46,154
- Occupancy
- $99,970
- Travel
- $31,067
- Program services (functional)
- $1,844,219
- Management and general (functional)
- $315,512
- Fundraising (functional)
- $68,107
Balance sheet and other
- Total assets, start of year
- $1,222,580
- Total assets, end of year
- $1,181,913
- Total liabilities, end of year
- $5,696
- Net assets, end of year
- $1,176,217
- Gross receipts
- $2,217,408
- Employees
- 2
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIEL GIMPEL | EXEC.DIR./TR Trustee or director, Officer | 60 | $196,250 |
| PAUL SAVRAMIS | PRESIDENT/FO Trustee or director, Officer | 40 | $101,000 |
| KEVAN ABRAHAMS | DIRECTOR Trustee or director | 10 | $0 |
| ALEX CARTER | DIRECTOR Trustee or director | 10 | $0 |
| WILLIAM DERSCH | DIRECTOR Trustee or director | 10 | $0 |
| THOMAS HOPKE | DIRECTOR Trustee or director | 10 | $0 |
| TIM THORNTON | DIRECTOR Trustee or director | 10 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIEL GIMPEL | EXEC.DIR./TR Trustee or director, Officer | 60 | $170,250 |
| PAUL SAVRAMIS | PRESIDENT/FO Trustee or director, Officer | 40 | $91,497 |
| KEVAN ABRAHAMS | DIRECTOR Trustee or director | 10 | $0 |
| ALEX CARTER | DIRECTOR Trustee or director | 10 | $0 |
| WILLIAM DERSCH | DIRECTOR Trustee or director | 10 | $0 |
| THOMAS HOPKE | DIRECTOR Trustee or director | 10 | $0 |
| TIM THORNTON | DIRECTOR Trustee or director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 63 BABYLON TPKE, FREEPORT, NY 11520-1830
- Principal officer (990 for 2024)
- DANIEL GIMPEL, 63 BABYLON TURNPIKE, FREEPORT, NY 11520
- Signed the 990
- PAUL SAVRAMIS, PRESIDENT/FOUNDER
- Phone
- (917) 202-2533
- Return prepared by
- NEEDLEMAN & SCHACTER LLP
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 accomplishments
- 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.Expenses $1,056,592 · revenue $747,126
- 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.Expenses $622,436 · revenue $851,929
- 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.Expenses $165,191
- RISING STAR SUMMER LEAGUE, AMATEUR ATHLETIC ASSOC., INTRAMURAL SPORTS PROGRAMS AND ASSOCIATED INSTRUCTIONAL PROGRAMS FOR BOYS AND GIRLS BETWEEN GRADES 4-12 INTERVENTION AND PREVENTION CLINCS OFFERED THROUGH THE RISING STARS AND OTHER YOUTH PROGRAMS THROUGHOUT THE METROPOLITAN AREA AND ACROSS THE COUNTRY TEACHING VALUES THROUGH SPORTS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-3309547
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N62)
- Assets (IRS master file)
- $1,181,913
- Income (IRS master file)
- $2,217,408
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,217,408 | $2,227,838 | $1,181,913 | XML |
| 990 | December 2023 | $1,872,693 | $2,981,376 | $1,222,580 | XML |
| 990 | December 2022 | $2,189,553 | $1,877,562 | $2,334,953 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-3309547).
Questions about RISING STARS INC
- What is the EIN of RISING STARS INC?
- The employer identification number (EIN) of RISING STARS INC is 11-3309547.
- Is RISING STARS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to RISING STARS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RISING STARS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RISING STARS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RISING STARS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of RISING STARS INC?
- The 990 for the year ended December 31, 2024 names DANIEL GIMPEL.
- Who are the officers and directors of RISING STARS INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $196,250 (DANIEL GIMPEL, EXEC.DIR./TR).
- How much revenue does RISING STARS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,217,408, expenses of $2,227,838 and total assets of $1,181,913 at year end.
Other nonprofits in FREEPORT
- UNDERGROUND BOWLING ASSOCIATION INC EIN 46-1998407 · last filed 990-EZ for 2024
- JEUNESS TRACK CLUB INC EIN 11-2823854 · last filed 990-EZ for 2025
- NEVER FORGET LACROSSE FOUNDATION INC EIN 84-3285797 · last filed 990-N for 2025
- V-TESSE INC EIN 36-4762347 · last filed 990-N for 2024
- STERLING SPORTS FOUNDATION EIN 83-4104137 · last filed 990-N for 2023
- NEW YORK EXPLOSION ATHLETIC LEAGUE INC EIN 47-5004767 · last filed 990-N for 2025
- LONG ISLAND TALONS HOCKEY INC EIN 33-2373920 · last filed 990-EZ for 2024
- AFRICAN AMERICAN PICKLEBALL ASSOCIATION EIN 99-1575428 · last filed 990-N for 2025
All nonprofits in FREEPORT · New York · Recreation and sports