Stephenson Technologies Corporation FY2023 filing

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Professional services firm operating for scientific and educational purposes.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$2.8M 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

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $159K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.8M
to officers and key staff · 46% of spending
Concern: pay to officers and key staff is 46% of spending; over 30%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.2M
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.0M
-63% vs prior year
Spent
$6.0M
To programs
84%
Net assets
$3.5M
By yearFY2020–FY2025
Revenue
$5.0M
FY2023▼ -63%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.9M
FY2021$14.5M
FY2022$13.3M
FY2023$5.0M
FY2024$1.7M
FY2025$1.7M
Expenses
$6.0M
FY2023▼ -54%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.7M
FY2021$11.4M
FY2022$13.3M
FY2023$6.0M
FY2024$3.8M
FY2025$2.8M
Net assets
$3.5M
FY2023▼ -24%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.0M
FY2021$5.1M
FY2022$4.6M
FY2023$3.5M
FY2024$1.9M
FY2025$852K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2016.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $5.1M Management & general 16% · $940K

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

16 people listed on the 990; $2.8M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President, General Manager, COO
$739,078Pt VII · Sec A
President, Gm & CEO Until Jan 22
$437,760Pt VII · Sec A
Principal Technical Advisor Engineer
$323,237Pt VII · Sec A
Chief Enterprise Architect
$224,424Pt VII · Sec A
Gm, Exec Director, CFO Until Jan 22
$223,978Pt VII · Sec A
Prin Tech Advisor Eng
$205,179Pt VII · Sec A
SR Systems Architect
$174,732Pt VII · Sec A
Mgr Contract/Procurement
$168,817Pt VII · Sec A

James Olson’s $277K as Ceo(until 01/25), Advisor is at the 82nd percentile of top reported officer pay among 363 $1–10M science & technology 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Joseph Homan——$739,078$158,195——
Jeffrey Moulton——$437,760$340,570$175,758$115,687
Stephen Tomasko————$368,263$369,560
Timothy Boudreaux——$323,237$244,526——
John Pursley——$223,978$181,768$286,708$228,357
James Olson$276,640$56,481————
Matthew Schmouder—$169,779$224,424$209,159$194,356$171,540
Tiffany Galasso$214,133$139,923————

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 Stephenson Technologies Corporation executive salaries →

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 15aYes

Programs and updates

Provides professional services for scientific and educational initiatives.

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1 program · $5.1M · in their own filed words · FY2022
01

Stephenson technologies corporation (the corporation) undertakes scientific research and development activities for the governments of the united states of america, the state of louisiana, AND/OR any other state, and political subdivisions, agencies, and instrumentalities of federal, state or local government.

$5.1Mprogram expense

Funders

Who pays for it.

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

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2023 · $2.0M federal money spent
Basic & Applied Scientific Research Program - Onr RecitalDepartment of Defense · ALN 12.U01 · Direct$2.0M

The auditor reported: a material weakness in money controls.

Year ending Jun 2022 · $4.5M federal money spent
Basic and Applied Scientific Research ProgramDepartment of Defense · ALN 12.U01 · Direct$4.5M

The auditor reported no findings.

Year ending Jun 2021 · $2.6M federal money spent
Basic and Applied Scientific ResearchDepartment of Defense · ALN 12.300 · Direct$2.0M
Basic and Applied Scientific ResearchDepartment of Defense · ALN 12.999 · Direct$563K

The auditor reported no findings.

Year ending Jun 2020 · $1.0M federal money spent
Basic and Applied Scientific ResearchDepartment of Defense · ALN 12.300 · Direct$912K
Onr RecitalDepartment of Defense · ALN 12.U99 · Direct$128K

The auditor reported no findings.

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$5.0M
Ln 12
Fees for servicesLn 2g$5.0M
Investment incomeLn 3$5K
Money outPt IX
$6.0M
Ln 25
Programscol B$5.1M
Managementcol C$940K
Owns and owesPt X
$3.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$4.7M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
16
listed · VII A
PaidVII A10
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$5.0M
Investment incomeLn 3$5K
Total revenueLn 12$5.0M
Assets in detailPt X, end of year
CashLn 1$2.2M
Cash and savings togetherLn 1–2$2.2M
Accounts receivableLn 4$902K
Prepaid expenses and deferred chargesLn 9$83K
Land, buildings, equipmentLn 10c$652K
Other assetsLn 15$849K
Total assetsLn 16$4.7M
LiabilitiesLn 26$1.2M
Net assetsLn 32$3.5M
OperationsPt I, VI
EmployeesI 527
VolunteersI 64
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$2.8M$2.2M
Land, buildings, equipmentLn 10c$728K$652K
Total assetsLn 16$6.2M$4.7M
LiabilitiesLn 26$1.6M$1.2M
Net assetsLn 32$4.6M$3.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$91K$91K
Other salaries and wagesLn 7$3.4M$3.1M$320K
Pension plan contributionsLn 8$138K$121K$17K
Other employee benefitsLn 9$573K$482K$91K
Payroll taxesLn 10$311K$272K$39K
Legal feesLn 11b$34K$34K
Accounting feesLn 11c$153K$153K
Other fees for servicesLn 11g$597K$492K$105K
Office expensesLn 13$291K$291K
OccupancyLn 16$293K$265K$28K
TravelLn 17$130K$92K$37K
Conferences, conventions and meetingsLn 19$4K$2K$2K
InsuranceLn 23$24K$24K
Total functional expensesLn 25$6.0M$5.1M$940K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 30, 2026 $1.7M$2.8M−$1.1M$852K 990 PDF
FY2024Filed with the IRS Mar 17, 2025 $1.7M$3.8M−$2.1M$1.9M 990 PDF
FY2023 ViewingFiled with the IRS May 1, 2024 $5.0M$6.0M−$1.1M$3.5M 990 PDF
FY2022Filed with the IRS May 15, 2023 $13.3M$13.3M$42K$4.6M 990 PDF
FY2021Filed with the IRS May 13, 2022 $14.5M$11.4M$3.0M$5.1M 990 PDF
FY2020Filed with the IRS Apr 15, 2021 $5.9M$5.7M$215K$2.0M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $4,961,363 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $13,311,133$4,956,131
I-10 Investment incomePrior year $0$5,232
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $13,311,133$4,961,363
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 $10,541,256$4,523,410
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,728,197$1,525,191
I-18 Total expensesPrior year $13,269,453$6,048,601
I-19 Revenue less expensesPrior year $41,680−$1,087,238
Part VI · Governance 0 of 1 board members independent, no flags
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,961,363 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,956,131$4,956,131
VIII-3 Investment incomeExcluded from tax $5,232$5,232
VIII-12 Total revenueRelated to mission $4,956,131 · Unrelated business $0 · Excluded from tax $5,232$4,961,363
Part IX · Statement of functional expenses $6,048,601 across 13 lines filed
IX-5 Pay of current officers, directors and key staffManagement $90,720$90,720
IX-7 Other salaries and wagesPrograms $3,090,487 · Management $320,274$3,410,761
IX-8 Pension plan contributionsPrograms $120,732 · Management $17,115$137,847
IX-9 Other employee benefitsPrograms $482,304 · Management $90,926$573,230
IX-10 Payroll taxesPrograms $272,256 · Management $38,596$310,852
IX-11b Legal feesManagement $34,037$34,037
IX-11c Accounting feesManagement $152,897$152,897
IX-11g Other fees for servicesPrograms $492,209 · Management $104,546$596,755
IX-13 Office expensesPrograms $291,043$291,043
IX-16 OccupancyPrograms $264,944 · Management $27,910$292,854
IX-17 TravelPrograms $92,181 · Management $37,498$129,679
IX-19 Conferences, conventions and meetingsPrograms $2,025 · Management $1,528$3,553
IX-23 InsuranceManagement $24,373$24,373
IX-25 Total functional expensesPrograms $5,108,181 · Management $940,420 · Fundraising $0$6,048,601
Part X · Balance sheet $4,722,385 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $2,751,758$2,236,260
X-4 Accounts receivableStart of year $2,216,663$901,761
X-9 Prepaid expenses and deferred chargesStart of year $210,224$82,769
X-10c Land, buildings and equipment, netStart of year $728,430$652,212
X-15 Other assetsStart of year $0$849,383
X-16 Total assetsStart of year $6,150,468$4,722,385
X-17 Accounts payable and accrued expensesStart of year $875,960$367,286
X-25 Other liabilitiesStart of year $0$849,383
X-26 Total liabilitiesStart of year $1,557,514$1,216,669
X-27 Net assets without donor restrictionsStart of year $4,592,954$3,505,716
X-32 Total net assets or fund balancesStart of year $4,592,954$3,505,716
X-33 Total liabilities and net assetsStart of year $6,150,468$4,722,385
Part XI · Reconciliation of net assets $3,505,716 net assets at year end
XI-1 Total revenue$4,961,363
XI-2 Total expenses$6,048,601
XI-3 Revenue less expenses−$1,087,238
XI-4 Net assets at start of year$4,592,954
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,505,716

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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