Esteam Foundation INC FY2022 filing

Tax-deductible

Austin, TX501(c)(3)Foundations & GrantmakersEIN 46-2437997Revenue $540K in FY2022

On file with the IRSventurelab.org200 W 6th St Ste 1700, 78701-0094 · Austin, TXTax-exempt since Nov 2013Publicly supported — 509(a)(2)

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To create the next generation of innovators and changemakers by making world-class entrepreneurship education accessible to kids all around the world and empowering anyone to be a champion for entrepreneurial learning.

501(c)(3) charity; gifts are tax-deductible.
49¢ of each $1 spent went to programs.
$160K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
4 of 5
filings with a surplus
Average surplus $49K a year · 6% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
49%
of spending
Concern: 49% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$160K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$19K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$540K
-38% vs prior year
Spent
$823K
To programs
49%
Net assets
$347K
By yearFY2020–FY2024
Revenue
$540K
FY2022▼ -38%
Tap a bar for its year
Revenue by fiscal year
FY2020$779K
FY2021$874K
FY2022$540K
FY2023$1.0M
FY2024$1.1M
Expenses
$823K
FY2022▲ +28%
Tap a bar for its year
Expenses by fiscal year
FY2020$536K
FY2021$645K
FY2022$823K
FY2023$949K
FY2024$1.0M
Net assets
$347K
FY2022▼ -43%
Tap a bar for its year
Net assets by fiscal year
FY2020$376K
FY2021$605K
FY2022$347K
FY2023$491K
FY2024$500K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2013.

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

Where the money goes

49 cents of each dollar spent went to programs.

Program services 49% · $407K Management & general 25% · $205K Fundraising 26% · $211K

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

7 people listed on the 990; $160K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$144,000Pt VII · Sec A
Secretary/Interim Ed
$15,615Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Desma Deitz’s $180K as Executive Director is at the 76th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Desma Deitz$179,827$137,500———
Julie Shannan——$144,000$130,000$130,000
Luz Cristal Glangchai—$34,539$15,615——
Luz Cristal Glangchai PHD———$10,000$10,000

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.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowering kids worldwide with entrepreneurship education to foster innovation and changemaking.

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Provided by the organization

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3 programs · $407K · in their own filed words · FY2022
01

Venturelab Training and Professional Development

Trains teachers, parents, and community leaders in the entrepreneurial mindset and skill set. Trainees build confidence in our material by participating in a mini-start up challenge and by trying first-hand many of our activities, modules, and tasks that students will tackle in the curriculum.

$302Kprogram expense
02

Venturelab Curriculum and Programs

Provides adults with guidance, activities, and structure which will allow them to teach k-12 students about entrepreneurship and the entrepreneurial mindset.

$61Kprogram expense
03

Online Resources

Provides mentoring to students and monthly youth pitch events to engage students and the community in entreprenurial mindsets and skills.

$44Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$2K
Grants paid · 2 grants · $35K · 2024–2024
Utah Afterschool NetworkUT · FY2024$17,500

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$540K
Ln 12
Gifts and grantsLn 1h$397K
Fees for servicesLn 2g$142K
Investment incomeLn 3$28
Money outPt IX
$823K
Ln 25
Programscol B$407K
Managementcol C$205K
Fundraisingcol D$211K
Owns and owesPt X
$347K
net assets · Ln 32
Cash and savingsLn 1–2$255K
Total assetsLn 16$366K
LiabilitiesLn 26$19K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$397K
Government grantsLn 1e$64K
Noncash giftsLn 1g$17K
Fees for servicesLn 2g$142K
Investment incomeLn 3$28
Total revenueLn 12$540K
Assets in detailPt X, end of year
CashLn 1$255K
Cash and savings togetherLn 1–2$255K
Land, buildings, equipmentLn 10c$336
Other assetsLn 15$4K
Total assetsLn 16$366K
LiabilitiesLn 26$19K
Net assetsLn 32$347K
OperationsPt I, VI
EmployeesI 56
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$599K$255K
Land, buildings, equipmentLn 10c$448$336
Total assetsLn 16$605K$366K
LiabilitiesLn 26$0$19K
Net assetsLn 32$605K$347K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$174K$61K$61K$52K
Other salaries and wagesLn 7$243K$195K$16K$32K
Other employee benefitsLn 9$12K$11K$841
Payroll taxesLn 10$31K$19K$6K$6K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$122K$99K$12K$10K
Advertising and promotionLn 12$27K$27K
Office expensesLn 13$4K$4K$813
Information technologyLn 14$42K$42K
OccupancyLn 16$2K$2K
TravelLn 17$14K$557$13K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$129K$20K$29K$80K
All other expensesLn 24e$5K$912$676$3K
Total functional expensesLn 25$823K$407K$205K$211K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.1M$1.0M$8K$500K 990 PDF
FY2023 $1.0M$949K$52K$491K 990 PDF
FY2022 Viewing $540K$823K−$284K$347K 990 PDF
FY2021 $874K$645K$228K$605K 990 PDF
FY2020 $779K$536K$242K$376K 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 FY2022 990 (6 parts)
Part I · Summary $539,524 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $791,951$397,354
I-9 Program service revenuePrior year $81,678$142,142
I-10 Investment incomePrior year $0$28
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $873,629$539,524
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $428,894$459,619
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $216,241$363,696
I-18 Total expensesPrior year $645,135$823,315
I-19 Revenue less expensesPrior year $228,494−$283,791
Part VI · Governance 3 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $539,524 across 7 lines filed
VIII-1e Government grants$63,618
VIII-1f All other contributions, gifts and grants$333,736
VIII-1g Noncash contributions (included above)$17,000
VIII-1h Total contributions, gifts and grants$397,354
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $142,142$142,142
VIII-3 Investment incomeExcluded from tax $28$28
VIII-12 Total revenueRelated to mission $142,142 · Unrelated business $0 · Excluded from tax $28$539,524
Part IX · Statement of functional expenses $823,315 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $60,830 · Management $60,830 · Fundraising $52,140$173,800
IX-7 Other salaries and wagesPrograms $194,531 · Management $16,135 · Fundraising $32,131$242,797
IX-9 Other employee benefitsPrograms $10,705 · Management $841$11,546
IX-10 Payroll taxesPrograms $19,461 · Management $5,541 · Fundraising $6,474$31,476
IX-11b Legal feesManagement $5,108$5,108
IX-11c Accounting feesManagement $4,551$4,551
IX-11g Other fees for servicesPrograms $99,227 · Management $12,454 · Fundraising $9,889$121,570
IX-12 Advertising and promotionFundraising $27,069$27,069
IX-13 Office expensesManagement $3,639 · Fundraising $813$4,452
IX-14 Information technologyManagement $41,840$41,840
IX-16 OccupancyManagement $2,264$2,264
IX-17 TravelPrograms $557 · Management $13,261$13,818
IX-22 Depreciation, depletion and amortizationManagement $1,729$1,729
IX-23 InsuranceManagement $7,684$7,684
IX-24 Other expenses (24a–d)Programs $20,399 · Management $28,764 · Fundraising $79,532$128,695
IX-24e All other expensesPrograms $912 · Management $676 · Fundraising $3,328$4,916
IX-25 Total functional expensesPrograms $406,622 · Management $205,317 · Fundraising $211,376$823,315
Part X · Balance sheet $366,234 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $598,685$255,038
X-4 Accounts receivable$106,750
X-10c Land, buildings and equipment, netStart of year $448$336
X-15 Other assetsStart of year $4,110$4,110
X-16 Total assetsStart of year $604,860$366,234
X-17 Accounts payable and accrued expenses$19,251
X-26 Total liabilitiesStart of year $0$19,251
X-27 Net assets without donor restrictionsStart of year $604,860$346,983
X-32 Total net assets or fund balancesStart of year $604,860$346,983
X-33 Total liabilities and net assetsStart of year $604,860$366,234
Part XI · Reconciliation of net assets $346,983 net assets at year end
XI-1 Total revenue$539,524
XI-2 Total expenses$823,315
XI-3 Revenue less expenses−$283,791
XI-4 Net assets at start of year$604,860
XI-8 Prior period adjustments$25,914
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$346,983

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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