Steamsport, INC s mission is to provided community based science, technology, engineering, art and math (steam) exposure and education specifically focused on students living in underserved communities. Our goal is to break the cycle of generational poverty through the provision of effective and accessible steam programming leading to post-secondary education and steam related careers. In january 2024, Steamsport, INC. Expanded its educational support program to include individual tutoring, provision of academic equipment and supplies, and referrals for supportive services addressing housing, health, and safety needs.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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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 3
filings with a surplus
Average surplus $32K a year · 11% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$68K
46% of total assets
Looks good: liabilities are 46% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 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
$367K
+42% vs prior year
Spent
$279K
To programs
0%
Net assets
$79K
By yearFY2019–FY2024
Revenue
$367K
FY2024▲ +42%
Tap a bar for its year
Revenue by fiscal year
FY2019$151K
FY2020$121K
FY2021$188K
FY2022$230K
FY2023$258K
FY2024$367K
Expenses
$279K
FY2024▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2019Not on file
FY2020Not on file
FY2021Not on file
FY2022$241K
FY2023$239K
FY2024$279K
Net assets
$79K
FY2024▲ ×49
Tap a bar for its year
Net assets by fiscal year
FY2019$63K
FY2020$21K
FY2021−$10K
FY2022−$21K
FY2023−$2K
FY2024$79K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Exemption reinstated (2018-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Sep 2018.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $279K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Assistant Director
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

William Oliver’s $19K as Executive Director is at the 13th percentile of top reported officer pay among 1993 $100K–1M youth development 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 · 3 named individuals · Part VII

NameFY2020FY2019
William Oliver$18,825$14,608
Toni Dillard$16,460—
Elliott Jones$7,194—

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides underserved students with STEAM education, tutoring, and essential resources to break poverty cycles.

Questions for Steamsport INC

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Provided by the organization

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3 programs · $8K · in their own filed words · FY2024
01

Prize for bdpa tournament

$8Kprogram expense
02

Diverse Steam Programs

The organization continued to offer a wide array of programs including robotics (both land and underwater) coding aeronautics computer-aided design mobile application development fashion entrepreneurship VIRTUAL/AUGMENTED reality development media production and video game design.

Pt IX · col B
03

Educational Support Services

In january 2024 steamsport inc. Expanded its educational support program to include individual tutoring provision of academic equipment and supplies and referrals for supportive services addressing housing health and safety needs.

Pt IX · col B

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 · FY2023
Total grants receivedfrom 1 funder$16

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$367K
Ln 12
Gifts and grantsLn 1h$247K
Other incomeLn 4–11$120K
Money outPt IX
$279K
Ln 25
Managementcol C$279K
Owns and owesPt X
$79K
net assets · Ln 32
Cash and savingsLn 1–2$29K
Total assetsLn 16$147K
LiabilitiesLn 26$68K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$247K
Other incomeLn 4–11$120K
Total revenueLn 12$367K
Assets in detailPt X, end of year
CashLn 1$29K
Cash and savings togetherLn 1–2$29K
Total assetsLn 16$147K
LiabilitiesLn 26$68K
Net assetsLn 32$79K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$14K$29K
Total assetsLn 16$51K$147K
LiabilitiesLn 26$53K$68K
Net assetsLn 32−$2K$79K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other employee benefitsLn 9$4K$4K
Management feesLn 11a$226K$226K
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$13K$13K
Information technologyLn 14$417$417
OccupancyLn 16$2K$2K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$144$144
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$18K$18K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$279K$0$279K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $367K$279K$88K$79K 990 PDF
FY2023 $258K$239K$20K−$2K 990 PDF
FY2022 $230K$241K−$11K−$21K 990 PDF
FY2021 $188K−$10K 990 PDF
FY2020 $121K$21K 990 PDF
FY2019 $151K$63K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $366,644 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,341$246,566
I-9 Program service revenuePrior year $160,951$0
I-10 Investment income$0
I-11 Other revenuePrior year $86,798$120,078
I-12 Total revenuePrior year $258,090$366,644
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$4,500
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $238,586$274,031
I-18 Total expensesPrior year $238,586$278,531
I-19 Revenue less expensesPrior year $19,504$88,113
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower 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
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $366,644 across 4 lines filed
Lines not itemized here account for $111,722 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$246,566
VIII-1h Total contributions, gifts and grants$246,566
VIII-8 Net income from fundraising events$8,356
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$366,644
Part IX · Statement of functional expenses $278,531 across 12 lines filed
IX-9 Other employee benefitsManagement $4,500$4,500
IX-11a Management feesManagement $226,083$226,083
IX-11c Accounting feesManagement $6,350$6,350
IX-12 Advertising and promotionManagement $2,292$2,292
IX-13 Office expensesManagement $13,205$13,205
IX-14 Information technologyManagement $417$417
IX-16 OccupancyManagement $2,364$2,364
IX-17 TravelManagement $1,774$1,774
IX-19 Conferences, conventions and meetingsManagement $144$144
IX-23 InsuranceManagement $1,260$1,260
IX-24 Other expenses (24a–d)Management $17,794$17,794
IX-24e All other expensesManagement $2,348$2,348
IX-25 Total functional expensesPrograms $0 · Management $278,531 · Fundraising $0$278,531
Part X · Balance sheet $146,520 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $13,960$29,323
X-4 Accounts receivableStart of year $37,120$117,197
X-16 Total assetsStart of year $51,080$146,520
X-17 Accounts payable and accrued expenses$15,000
X-25 Other liabilitiesStart of year $915$915
X-26 Total liabilitiesStart of year $52,772$67,772
X-27 Net assets without donor restrictionsStart of year $42,105$22,018
X-28 Net assets with donor restrictionsStart of year −$43,797$56,730
X-32 Total net assets or fund balancesStart of year −$1,692$78,748
X-33 Total liabilities and net assetsStart of year $51,080$146,520
Part XI · Reconciliation of net assets $78,748 net assets at year end
XI-1 Total revenue$366,644
XI-2 Total expenses$278,531
XI-3 Revenue less expenses$88,113
XI-4 Net assets at start of year−$1,692
XI-9 Other changes in net assets−$7,673
XI-10 Net assets at end of year$78,748

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

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