Inner Banks Stem Center

Tax-deductible

Washington, NC501(c)(3)Crime & LegalEIN 45-5501690Revenue $117K in FY2024

On file with the IRSibxstem.org201 Airport Rd, 27889-9681 · Washington, NCTax-exempt since Oct 2015Publicly supported charity — 170(b)(1)(A)(vi)

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The Inner Banks STEM Centers primary goal is to create sustainable and innovative Science, Technology, Engineering, and Math (STEM) science enrichment with a focus on reaching at-risk under-represented 5th-0th grade students to help prepare them for 21st century STEM Careers. (continued on Scedule O, Statement 1)

501(c)(3) charity; gifts are tax-deductible.
28¢ of each $1 spent went to programs.
Run by 14 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $3K a year · 2% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
28%
of spending
Concern: 28% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$11K
to officers and key staff · 9% of spending
Top officer’s pay lower than 97% of similar orgs
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 11.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $41K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$117K
-44% vs prior year
Spent
$127K
To programs
28%
Net assets
$558K
By yearFY2020–FY2024
Revenue
$117K
FY2024▼ -44%
Tap a bar for its year
Revenue by fiscal year
FY2020$153K
FY2021$169K
FY2022$102K
FY2023$209K
FY2024$117K
Expenses
$127K
FY2024▼ -0.9%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$108K
FY2022$225K
FY2023$128K
FY2024$127K
Net assets
$558K
FY2024▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$346K
FY2021$610K
FY2022$486K
FY2023$567K
FY2024$558K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

28 cents of each dollar spent went to programs.

Program services 28% · $36K Management & general 72% · $91K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $11K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$11,025Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Alvin Powell’s $11K as President is at the 3rd percentile of top reported officer pay among 1404 $100K–1M crime & legal nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Alvin Powell$11,025$6,625$12,950$16,700

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Inner Banks Stem Center executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Inspires under-represented students with STEM enrichment for future careers.

Questions for Inner Banks Stem Center

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Provided by the organization

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3 programs · $36K · in their own filed words · FY2024
01

Conducted a three-weeek Renewable Energy Sources Camp with a STEM and career focus with

$17Kprogram expense
02

Conducted a 3 day boating mini-camp for 21 students during the summer as part of our community outreach initiative.

$14Kprogram expense
03

3-12 hour Aviation Career Education (ACE) mini-camps were conducted during the summer as part of our community outreach initiative. These camps were conducted in partnership with the Beaufort County Community College(BCCC) Had 31 students attend.

$5Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$41K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$117K
Ln 12
Gifts and grantsLn 1h$112K
Other incomeLn 4–11$5K
Investment incomeLn 3$1K
Money outPt IX
$127K
Ln 25
Programscol B$36K
Managementcol C$91K
Owns and owesPt X
$558K
net assets · Ln 32
Cash and savingsLn 1–2$116K
Total assetsLn 16$566K
LiabilitiesLn 26$8K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$112K
Government grantsLn 1e$14K
Fundraising eventsLn 1c$0
Investment incomeLn 3$1K
Other incomeLn 4–11$5K
Total revenueLn 12$117K
Assets in detailPt X, end of year
CashLn 1$116K
Cash and savings togetherLn 1–2$116K
Land, buildings, equipmentLn 10c$440K
Total assetsLn 16$566K
LiabilitiesLn 26$8K
Net assetsLn 32$558K
OperationsPt I, VI
EmployeesI 50
VolunteersI 614
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$159K$116K
Land, buildings, equipmentLn 10c$437K$440K
Total assetsLn 16$597K$566K
LiabilitiesLn 26$29K$8K
Net assetsLn 32$567K$558K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$11K$0$11K$0
Legal feesLn 11b$9$0$9$0
Advertising and promotionLn 12$500$0$500$0
Office expensesLn 13$9K$0$9K$0
OccupancyLn 16$5K$0$5K$0
TravelLn 17$50$0$50$0
Conferences, conventions and meetingsLn 19$6K$0$6K$0
InterestLn 20$1K$0$1K$0
Other expenses (24a–d)Ln 24$45K$36K$10K$0
All other expensesLn 24e$48K$0$48K$0
Total functional expensesLn 25$127K$36K$91K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $117K$127K−$9K$558K 990 PDF
FY2023 $209K$128K$81K$567K 990 PDF
FY2022 $102K$225K−$123K$486K 990 PDF
FY2021 $169K$108K$61K$610K 990 PDF
FY2020 $153K$346K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $117,486 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $198,597$111,528
I-9 Program service revenue$0
I-10 Investment income$1,424
I-11 Other revenuePrior year $10,299$4,534
I-12 Total revenuePrior year $208,896$117,486
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $24,595$11,025
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $103,127$115,581
I-18 Total expensesPrior year $127,722$126,606
I-19 Revenue less expensesPrior year $81,174−$9,120
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $117,486 across 7 lines filed
VIII-1c Fundraising events$0
VIII-1e Government grants$14,000
VIII-1f All other contributions, gifts and grants$97,528
VIII-1h Total contributions, gifts and grants$111,528
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$1,424
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $4,534$4,534
VIII-12 Total revenueRelated to mission $1,424 · Unrelated business $0 · Excluded from tax $4,534$117,486
Part IX · Statement of functional expenses $126,606 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $11,025 · Fundraising $0$11,025
IX-11b Legal feesPrograms $0 · Management $9 · Fundraising $0$9
IX-12 Advertising and promotionPrograms $0 · Management $500 · Fundraising $0$500
IX-13 Office expensesPrograms $0 · Management $9,390 · Fundraising $0$9,390
IX-16 OccupancyPrograms $0 · Management $5,028 · Fundraising $0$5,028
IX-17 TravelPrograms $0 · Management $50 · Fundraising $0$50
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $5,781 · Fundraising $0$5,781
IX-20 InterestPrograms $0 · Management $1,202 · Fundraising $0$1,202
IX-24 Other expenses (24a–d)Programs $35,641 · Management $9,766 · Fundraising $0$45,407
IX-24e All other expensesPrograms $0 · Management $48,214 · Fundraising $0$48,214
IX-25 Total functional expensesPrograms $35,641 · Management $90,965 · Fundraising $0$126,606
Part X · Balance sheet $565,884 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $159,454$115,684
X-3 Pledges and grants receivableStart of year $50$9,700
X-10c Land, buildings and equipment, netStart of year $437,000$440,500
X-16 Total assetsStart of year $596,504$565,884
X-26 Total liabilitiesStart of year $29,496$8,007
X-32 Total net assets or fund balancesStart of year $567,008$557,877
X-33 Total liabilities and net assetsStart of year $596,504$565,884
Part XI · Reconciliation of net assets $557,877 net assets at year end
XI-1 Total revenue$117,486
XI-2 Total expenses$126,606
XI-3 Revenue less expenses−$9,120
XI-4 Net assets at start of year$567,008
XI-8 Prior period adjustments−$11
XI-10 Net assets at end of year$557,877

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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