SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Open to Public
Inspection
Name of the organization
The Star Island Corporation
 
Employer identification number

04-6000828
Return Reference Explanation
Form 990, Part VI, Section A, line 3 During 2023, the Organization delegated its human resource (Jan-Dec) function to Insource Services, an unrelated organization.
Form 990, Part VI, Section A, line 6 The Corporation's by-laws permit a membership of up to 500 persons. Members collectively agree to be responsible for the ongoing well-being of Star Island Corporation.
Form 990, Part VI, Section A, line 7a The Corporation's members are responsible for electing members of the Governing Board. Further information regarding membership in The Star Island Corp can be found at www.starisland.org.
Form 990, Part VI, Section B, line 11b Prior to filing, the 990 is reviewed in detail by the CEO and Finance Team. The 990 is then provided to the Board Treasurer, the Audit Subcommittee, and the Finance Committee for their review and approval. Once these individuals and committees have reviewed and approved the Form 990, the Form is distributed to the entire Board for review and adoption.
Form 990, Part VI, Section B, line 12c The Organization requires all officers and directors to annually disclose any potential conflicts of interest to determine if any further action is considered necessary.
Form 990, Part VI, Section B, line 15 The Organization utilizes outside consultants in determining reasonable compensation for their CEO, and other top management officials. The Organization's directors are entirely volunteer and none receive any compensation for their services, with the following exception. (Background: the board voted in 2021 to give stipends to current board members April Rosario and Lucia Green-Weiskel, in the form of a check for $250 paid in 2021 to Rosario, in addition to credit against room and board expenses for both. These stipends were for extraordinary service related to SIC's diversity, equity and inclusion initiatives, performed prior to their joining the board.) Credit of $943 to Lucia Green-Weiskel was taken in 2023.
Form 990, Part VI, Section C, line 19 The Organization makes its Governing Documents, Conflict of Interest Policy, and Financial Statements available to the public upon request. The Organization also offers some of this information through its website.
Form 990, Part IX, line 11g Other Professional Fees: Program service expenses 384,879. Management and general expenses 66,656. Fundraising expenses 15,410. Total expenses 466,945.
Form 990, Part X, Line 15 The Star Island Permanent Trust is a separate trust that was established by Star Island Corporation to manage and oversee investments that were originally held and managed by Star Island Corporation. The Trust is governed by a board of trustees that is separate from the governing board of Star Island Corporation, and it files its own separate Form 990. Because Star Island Corporation is the sole beneficiary of the Trust and established the Trust, accounting standards require that the Trust be included on the financial statements of the Star Island Corporation. Therefore, Line 15 of the balance sheet includes the beneficial interest in Star Island Permanent Trust. Additional information regarding the Star Island Permanent Trust is included on Schedule R.
Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: The Star Island Corporation 30 Middle Street Portsmouth, NH 03801 EIN: 04-6000828 Section 1.263(a)-3(n) Election: The Star Island Corporation is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).
Form 990, Part XI, line 9: Change in Beneficial Interest in Star Island Permanent Trust 479,691.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2023


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