STARK FINANCIAL FOUNDATION: Form 990PF, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
STARK FINANCIAL FOUNDATION (EIN 33-2265755)
Tax period
2025-01-01 to 2025-12-31
Filed
2026-05-21
IRS object ID
202641419349100909
Schema version
2025v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-05-21T10:55:48-07:00ReturnTs
Tax Period End2025-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN932686481PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation Launch LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line18 The Grn 16931AddressLine1Txt
CityDoverCityNm
State AbbreviationDEStateAbbreviationCd
ZIP19901ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2025-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN332265755EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Stark Financial FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSTARBusinessNameControlTxt
Phone4074087158PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line179 W Market St 200AddressLine1Txt
CityBethlehemCityNm
State AbbreviationPAStateAbbreviationCd
ZIP18018ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMark SessantaPersonNm
Person TitleDirectorPersonTitleTxt
Signature2026-05-21SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDaniel KaminskiPreparerPersonNm
PTINP02508517PTIN
Phone4074087158PhoneNum
FieldValueIRS element (for citing)
Tax2025TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$63,591FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$78,647ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$3InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$446DividendsRevAndExpnssAmt
Dividends Net Invst Incm$446DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$45,741NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$50,613GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$45,741CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$124,837TotalRevAndExpnssAmt
Total Net Invst Incm$46,190TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss$206OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$206OtherProfFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$38OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$38OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$244TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$244TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$50,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$50,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$50,744TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$244TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$50,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$74,093ExcessRevenueOverExpensesAmt
Net Investment Income$45,946NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$25,000CashBOYAmt
Cash EOY$982CashEOYAmt
Cash EOYFMV$982CashEOYFMVAmt
Sav And Temp Cash Invst EOY$290SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$290SavAndTempCashInvstEOYFMVAmt
Corporate Stock EOY$55,170CorporateStockEOYAmt
Corporate Stock EOYFMV$62,319CorporateStockEOYFMVAmt
Total Assets BOY$25,000TotalAssetsBOYAmt
Total Assets EOY$56,442TotalAssetsEOYAmt
Total Assets EOYFMV$63,591TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$25,000RetainedEarningBOYAmt
Retained Earning EOY$56,442RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$25,000TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$56,442TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$25,000TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$56,442TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$25,000TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$74,093ExcessRevenueOverExpensesAmt
Subtotal$99,093SubtotalAmt
Other Decreases$42,651OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$56,442TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$50,613GrossSalesPriceAmt
Cost Or Other Basis$4,872CostOrOtherBasisAmt
Gain Or Loss$45,741GainOrLossAmt
Gains Minus Excess Or Losses$45,741GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$45,741CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$45,741NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$639InvestmentIncomeExciseTaxAmt
Subtotal$639SubtotalAmt
Tax Based On Investment Income$639TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$28EsPenaltyAmt
Tax Due$667TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation LaunchBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4074087158PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line17901 4th St N STE 300AddressLine1Txt
CitySt PetersburgCityNm
State AbbreviationFLStateAbbreviationCd
ZIP337024399ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Mark Sessanta
79 W Market St STE 200BethlehemPA18018Director1.00$0
Erika Sessanta
79 W Market St STE 200BethlehemPA18018Director1.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$62,096AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$5,303AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$67,399TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$67,399AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,011CashDeemedCharitableAmt
Net Vl Noncharitable Assets$66,388NetVlNoncharitableAssetsAmt
Minimum Investment Return$3,319MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$3,319MinimumInvestmentReturnAmt
Tax Based On Investment Income$639TaxBasedOnInvestmentIncomeAmt
Total Tax$639TotalTaxAmt
Distributable Before Adj$2,680DistributableBeforeAdjAmt
Distributable Before Ded$2,680DistributableBeforeDedAmt
Distributable As Adjusted$2,680DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$50,500ExpensesAndContributionsAmt
Qualifying Distributions$50,500QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$2,680DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$7,397ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$7,397TotalExcessDistributionCyovAmt
Qualifying Distributions$50,500QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$2,680AppliedToCurrentYearAmt
Remaining Distri From Corpus$47,820RemainingDistriFromCorpusAmt
Total Corpus$55,217TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$55,217ExcessDistriCyovToNextYrAmt
Excess From Year1$7,397ExcessFromYear1Amt
Excess From Current Year$47,820ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerMark SessantaContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Team Northampton Special Olympics
6 Danforth DrEastonPA18045PCGeneral & Unrestricted$500
Bethlehem Christian School
3100 Hecktown RdBethlehemPA18020PCGeneral & Unrestricted$25,000
Life Church
908 E 4th StBethlehemPA18015PCGeneral & Unrestricted$25,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$50,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion2ExclusionCd
Exclusion$446ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$45,741ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$46,190ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$46,190TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionIndNoncash ContributionNoncashContributionInd
Mark Sessanta
179 W Market St STE 200BethlehemPA18018$53,220Yes (X)Yes (X)
Paul Barry
279 W Market St STE 200BethlehemPA18018$25,427Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
1Publicly-traded securities$52,2202025-01-07
2Publicly-traded securities$25,4272025-09-25

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (7 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
Apple Inc$9,811$10,874
Axon Enterprise Inc$5,078$5,111
NVIDIA Corp$7,189$9,325
Vistra Corp$4,424$4,356
Vanguard Value ETF$12,780$14,133
Vanguard Growth ETF$11,416$13,172
Walmart Inc$4,472$5,348

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescSec 4940 v book gain - contributed securities soldDesc
Amt$42,651Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBank FeesDesc
Revenue And Expenses Per Books$38RevenueAndExpensesPerBooksAmt
Net Investment Income$38NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryInvestment Management ServicesCategoryTxt
Amt$206Amt
Net Investment Income$206NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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