Stem Paths Innovation Network EIN 47-4188543

Stem Paths Innovation Network

EIN  47-4188543 Public charity (501(c)(3)) Renton, WA
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Size
$1–10M
What they do
Offers free STEM programs and mentors to young people of color and girls in Seattle.
Leadership
Katherine Barr · Executive Director of Operations · $91K
Money in and out
$1.2M revenue, $1.2M expenses
Bottom line
86% program efficiency

Offers free STEM programs and mentors to young people of color and girls in Seattle. For fiscal year 2024 it reported $1.2M in revenue, $1.2M in expenses, and $530K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$530K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$15K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.09 Fundraising $0.05
Program efficiency
86%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
5.3mo
months of highly liquid reserves at operating expense rate▼ -20% vs prior filing year
Surplus margin
-1%
revenue over expenses, this year▼ -110% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.2M
FY2024▲ +5%
Expenses
$1.2M
FY2024▲ +23%
Total assets
$549K
FY2024▼ -2%
Total liabilities
$19K
FY2024▲ +12%
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$530K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$15K
Total assetsPt X · Ln 16$549K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $1.0M of program spending, described in the organization's own filed words · FY2024.
01

Spin partnered with other non-profits and the city of seattle to provide stem enrichment classes to students at local elementary and middle schools. Spin provided services to approximately 600 students of color and underserved students.

$422Kprogram expense
02

With public funding through king county, spin provided the spin girls program to build leadership skills and provide immersive stem experiences specifically for girls and gender expanisve youth of color. Classes were provided to 120 6TH-12TH grade girls and also connected them with professionals of color as mentors.

$402Kprogram expense
03

With public funding from the city of seattle, spin provided the young entreprenuer project to 100 11TH and 12TH grade students at cleveland high school to incubate entrepreneurship and support stem skill development.

$204Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CStem Paths Innovation Network
EINHdr · item D47-4188543
Principal addressHdr · item CRenton, WA
WebsiteHdr · item Jwww.stempaths.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFDec 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director of Operations
$91,456Pt VII · Sec A
Executive Director of Education
$89,772Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Co-Board Chairperson
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Katherine Barr’s $91K as Executive Director of Operations is at the 26th percentile of top reported officer pay among 3393 $1–10M education 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Katherine Barr$91,456$87,000$75,975$33,265$32,933
Shana Beckwith$89,772$86,777$81,645

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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Statement of Revenue

Part VIII
Contributions & grants$1.1M · 95%
Program service revenue$64K · 5%
Contributions & grants95%$1.1M
Program service revenue5%$64K
— government grantsLn 1e$583K
Total revenueLn 12$1.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.09 Fundraising $0.05
Program services86%$1.0M
Management & general9%$105K
Fundraising5%$58K
Total functional expensesLn 25$1.2M

Balance Sheet

Part X · end of year
CashLn 1$523K
Total assetsLn 16$549K
Total liabilitiesLn 26$19K
Total net assetsLn 32$530K
Months of cash on handcomputed5.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $523K · Operating expenses/yr $1.2M
5.3 months
Where the money goes
Program services
Program services $1.0M · Total expenses $1.2M
86%
Management & General
Management & general $105K · Total expenses $1.2M
9%
Fundraising
Fundraising $58K · Total expenses $1.2M
5%
Cost to raise $1
Fundraising expense (3-yr avg) $49K · Solicited contributions (3-yr avg) $469K
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.1M · Total revenue $1.2M
95%
Government reliance
Government grants $583K · Total revenue $1.2M
50%
Earned-income share
Program service revenue $64K · Total revenue $1.2M
5%
Investment reliance
Investment income $0 · Total revenue $1.2M
0%
Program self-sufficiency
Program service revenue $64K · Total expenses $1.2M
5%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $1.1M
+5%
Revenue CAGR
FY2020 $412K · FY2024 $1.2M
+30%
Net-asset trend (YoY)
End of year $530K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $1.2M
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $549K
Net-asset ratio
Net assets $530K · Total assets $549K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $549K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Katherine Barr · Reported title EXECUTIVE DIRECTOR OF OPERATIONS · Highest reported compensation $91K · Total expenses $1.2M
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $767K · Total expenses $1.2M
64%
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $16K · Gross raised $332K
5%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 9%
Fundraising cost ratio 5%
Revenue growth 5%
Accounting fee ratio 3%
Fundraising fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$98K
Grants paid · 3 grants · $86K · 2022–2024
Unitemized GrantFY2024$40,988
Unitemized GrantFY2023$24,631
Unitemized GrantFY2022$20,123

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.2M revenue · viewing · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$709K revenue · ⤓ 990 PDF
FY2021$555K revenue · ⤓ 990 PDF
FY2020$412K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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