Stem Paths Innovation Network EIN 47-4188543 Form 990 (PDF) Claim this org

Stem Paths Innovation Network FY2021 filing

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Offers free STEM programs and mentors to young people of color and girls in Seattle. For fiscal year 2021 it reported $555K in revenue, $473K in expenses, and $393K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Renton, WA
Website
www.stempaths.org
Filings
5 on file (2020–2021)
Revenue
$555KFY2021
Expenses
$473K
Net assets
$393K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-4188543 Public charity (501(c)(3)) Renton, WA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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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 · $33K
Money in and out
$555K revenue, $473K expenses
Bottom line
81% program efficiency
Where the money goes · FY2021
Total revenue
$555K
Pt VIII · Ln 12
Total expenses
$473K
Pt IX · Ln 25
Net assets
$393K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $82K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.14 Fundraising $0.05
Program efficiency
81%
of spending reaches programs
Operating runway
10.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+15%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$555K
FY2021▲ +35%
Expenses
$473K
FY2021▲ +73%
Total assets
$407K
FY2021▲ +19%
Total liabilities
$14K
FY2021▼ -57%
Total revenue
$555K
Pt VIII · Ln 12
Total expenses
$473K
Pt IX · Ln 25
Net assets
$393K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$82K
Total assetsPt X · Ln 16$407K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

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 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
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
$33,265Pt VII · Sec A
Board Vice Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Chairperson
$0Pt VII · Sec A
Board Member
$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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Mission & Programs · Part III

Where the work happens

2 program services account for $385K of program spending, described in the organization's own filed words · FY2021.
01

With public funding through king county, the program spin girls continues to build leadership skills and provide immersive stem experiences specifically for girls of color. The initial class was provided to 130 8TH, 9TH and 10TH grade girls and also paired them with professionals of color as mentors.

$266Kprogram expense
02

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 270 students of color and underserved students.

$119Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$371K · 67%
Program service revenue$184K · 33%
Contributions & grants67%$371K
Program service revenue33%$184K
— government grantsLn 1e$189K
Total revenueLn 12$555K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.14 Fundraising $0.05
Program services81%$385K
Management & general14%$66K
Fundraising5%$23K
Total functional expensesLn 25$473K

Balance Sheet

Part X · end of year
CashLn 1$406K
Total assetsLn 16$407K
Total liabilitiesLn 26$14K
Total net assetsLn 32$393K
Months of cash on handcomputed10.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $406K · Operating expenses/yr $473K
10.3 months
Where the money goes
Program services
Program services $385K · Total expenses $473K
81%
Management & General
Management & general $66K · Total expenses $473K
14%
Fundraising
Fundraising $23K · Total expenses $473K
5%
Cost to raise $1
Fundraising expense (2-yr avg) $23K · Solicited contributions (2-yr avg) $140K
$0.16 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $371K · Total revenue $555K
67%
Government reliance
Government grants $189K · Total revenue $555K
34%
Earned-income share
Program service revenue $184K · Total revenue $555K
33%
Investment reliance
Investment income $0 · Total revenue $555K
0%
Program self-sufficiency
Program service revenue $184K · Total expenses $473K
39%
Growth & trend
Revenue growth (YoY)
This year $555K · Prior year $412K
+35%
Net-asset trend (YoY)
End of year $393K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $555K · Expenses $473K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $407K
Net-asset ratio
Net assets $393K · Total assets $407K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $407K
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 $33K · Total expenses $473K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $319K · Total expenses $473K
67%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 14%
Fundraising cost ratio 6%
Revenue growth 35%
Accounting fee ratio 4%
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 · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$709K revenue · ⤓ 990 PDF
FY2021$555K revenue · viewing · ⤓ 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) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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