Star of Hope Inc is a private foundation focused on Arts, Culture & Humanities, based in ROCKLAND, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $51.0M in total assets. In 2024, it awarded 1 grants totaling $68K. Net investment income was $1.6M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$51.0M
+0.4% YoY
Annual Giving
$68K
Grant Count
1
Avg Grant Size
$68K
Under IRS private-foundation payout rules, Star of Hope Inc reported a distributable amount of $208K for 2024 — the minimum it must pay out in qualifying distributions.
About Star of Hope Inc
Based on IRS filings
Star of Hope Inc is a private foundation focused on Arts, Culture & Humanities, based in ROCKLAND, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $51.0M in total assets. In 2024, it awarded 1 grants totaling $68K. Net investment income was $1.6M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $50,999,224 | $50,776,256 | $51,801,763 |
| Revenue | $3,421,950 | $817,687 | $41,892,574 |
| Expenses | $2,251,013 | $2,283,522 | $1,627,994 |
| Qualifying Distributions | $2,077,968 | $2,225,027 | $1,571,795 |
| Net Investment Income | $1,583,633 | $1,065,190 | $2,189,399 |
| Distributable Amount | $207,683 | $213,802 | $189,831 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hampton Synagogue ($67,500).
| Recipient | Purpose | Amount |
|---|---|---|
| Hampton Synagogue Westhampton Beach, NY | General Support | $67,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Lawrence Sterrs | Past Executive Chairman | 40 | — |
| Emily Lane | Co-Chair | 10 | — |
| Paul Bird | Co-Chair | 10 | — |
| Tracy Harding | Treasurer/Secretary | 15 | — |
| Mark Bessire | Director | 2 | — |
| Sharon Corwin | Director | 2 | — |
| Kris Davidson | Director | 2 | — |
| Sean Alonzo Harris | Director | 2 | — |
| Julia Trujillo-Luengo | Director | 2 | — |
| Adam Weinberg | Director | 2 | — |
| Sarah Workneh | Director | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Star of Hope Inc?
Star of Hope Inc is a private foundation focused on Arts, Culture & Humanities, based in ROCKLAND, ME. It holds $51.0M in total assets as of 2024.
How large is Star of Hope Inc?
As of 2024, Star of Hope Inc holds $51.0M in total assets with $3.4M in annual revenue. It awarded 1 grants totaling $68K in 2024.
Where does Star of Hope Inc operate?
Star of Hope Inc has awarded grants in Maine, New York.
What size grants does Star of Hope Inc award?
In 2024, Star of Hope Inc awarded 1 grants totaling $68K — an average of about $68K per grant, based on its IRS Form 990 filings.
How much is Star of Hope Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Star of Hope Inc reported a distributable amount of $208K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Star of Hope Inc's EIN?
Star of Hope Inc's EIN (Employer Identification Number) is 81-3141890. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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