Stem Next Opportunity Fund FY2021 filing

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STEM Next Opportunity Fund is a national leader, strategic guide, policy advocate, and investor that is bringing about a transformative expansion of high-quality and inclusive STEM learning opportunities.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$963K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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 $171K a year · 2% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$963K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
7 mo
of spending, in cash
Looks good: 7.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$894K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.9M
+100% vs prior year
Spent
$6.4M
To programs
87%
Net assets
$9.4M
By yearFY2020–FY2024
Revenue
$10.9M
FY2021▲ +100%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.5M
FY2021$10.9M
FY2022$12.1M
FY2023$7.8M
FY2024$10.5M
Expenses
$6.4M
FY2021▲ +61%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.0M
FY2021$6.4M
FY2022$10.9M
FY2023$14.3M
FY2024$10.4M
Net assets
$9.4M
FY2021▲ +92%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.9M
FY2021$9.4M
FY2022$10.4M
FY2023$4.2M
FY2024$4.3M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Apr 2017.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $5.5M Management & general 5% · $347K Fundraising 8% · $497K

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

11 people listed on the 990; $963K paid to officers and key staff.

Part VII, Section A · reportable compensation
Exec Dir Secy.
$320,818Pt VII · Sec A
Deputy Director
$200,000Pt VII · Sec A
SR Dir Philan/Strateg Pships
$166,406Pt VII · Sec A
Informal Stem Education Fellow
$164,814Pt VII · Sec A
Director of Policy
$110,676Pt VII · Sec A
President/Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Ron Ottinger’s $293K as Secretary/Ed is at the 63rd percentile of top reported officer pay among 3683 $10–100M 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Ron Ottinger$292,519$356,756$337,104$320,818$293,760
Kam Kyzer$273,480$236,990$227,379$166,406—
Teresa Drew$235,417$250,000$247,500$200,000$172,000
Nicole Evans—$192,838$175,161——
Melissa Moritz—$189,240$170,273$110,676—
Quincy Brown$187,505$182,015$172,858——
Veronica Gonzales—$185,276———
Patti Curtis—$182,913$172,460$164,814$160,000

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

Programs and updates

Expanding high-quality, inclusive STEM learning opportunities nationwide through investment and advocacy.

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Provided by the organization

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1 program · $5.5M · in their own filed words · FY2021
01

STEM Next Opportunity Fund is a national, non-profit, non-partisan organization dedicated to scaling high-quality STEM (Science, Technology, Engineering, & Math) learning to millions of youth with a particular focus on kids of color, girls and youth in under-resourced communities.

$5.5Mprogram 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
Intel FoundationFY2025$100K
Total grants receivedfrom 1 funder$100K
Grants paid · 46 grants · $17.2M · 2020–2024
Various - AttachedFY2024$2,124,800
Various - Attached ScheduleFY2023$6,416,531
Various - Attached ScheduleFY2022$4,338,691
Various - See Attached SchedFY2021$2,532,180
McLean Hospital PearMA · FY2020$279,425
Afterschool AllianceDC · FY2020$150,000
TechnovationCA · FY2020$100,000
Wyoming Community FoundationWY · FY2020$55,000
Vermont Afterschool INCVT · FY2020$55,000
Utah Afterschool NetworkUT · FY2020$55,000
School's Out WashingtonWA · FY2020$55,000
Iowa Childrens MuseumIA · FY2020$55,000
See all 46 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$10.9M
Ln 12
Gifts and grantsLn 1h$10.8M
Fees for servicesLn 2g$56K
Investment incomeLn 3$37K
Money outPt IX
$6.4M
Ln 25
Programscol B$5.5M
Managementcol C$347K
Fundraisingcol D$497K
Owns and owesPt X
$9.4M
net assets · Ln 32
Cash and savingsLn 1–2$3.8M
Total assetsLn 16$10.3M
LiabilitiesLn 26$894K
PeoplePt VI, VII
11
listed · VII A
PaidVII A5
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10.8M
Noncash giftsLn 1g$276K
Fees for servicesLn 2g$56K
Investment incomeLn 3$37K
Gains on assetsLn 7−$5K
Total revenueLn 12$10.9M
Assets in detailPt X, end of year
CashLn 1$3.5M
SavingsLn 2$238K
Cash and savings togetherLn 1–2$3.8M
InvestmentsLn 11–13$2.0M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$10.3M
LiabilitiesLn 26$894K
Net assetsLn 32$9.4M
OperationsPt I, VI
EmployeesI 511
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$276K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$4.2M$3.8M
InvestmentsLn 11–13$586K$2.0M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$5.3M$10.3M
LiabilitiesLn 26$421K$894K
Net assetsLn 32$4.9M$9.4M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.9M$2.9M
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$879K$529K$65K$286K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$457K$271K$116K$70K
Pension plan contributionsLn 8$131K$81K$23K$27K
Other employee benefitsLn 9$42K$20K$13K$10K
Payroll taxesLn 10$79K$50K$12K$17K
Management feesLn 11a$0
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$26K$26K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$37K$37K
Investment management feesLn 11f$2K$2K
Other fees for servicesLn 11g$1.6M$1.6M$33K$20K
Advertising and promotionLn 12$0
Office expensesLn 13$12K$983$11K
Information technologyLn 14$28K$22K$5K$161
RoyaltiesLn 15$0
OccupancyLn 16$24K$8K$13K$3K
TravelLn 17$17K$4K$13K$82
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$8K$5K$2K$1K
Other expenses (24a–d)Ln 24$175K$143K$7K$25K
All other expensesLn 24e$4K$13$3K$1K
Total functional expensesLn 25$6.4M$5.5M$347K$497K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Sep 23, 2025 $10.5M$10.4M$84K$4.3M 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $7.8M$14.3M−$6.5M$4.2M 990 PDF
FY2022Filed with the IRS Nov 8, 2023 $12.1M$10.9M$1.3M$10.4M 990 PDF
FY2021 ViewingFiled with the IRS Nov 15, 2022 $10.9M$6.4M$4.5M$9.4M 990 PDF
FY2020Filed with the IRS Oct 22, 2021 $5.5M$4.0M$1.5M$4.9M 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 M · Noncash J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $10,913,896 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,436,876$10,820,385
I-9 Program service revenue$56,250
I-10 Investment incomePrior year $22,830$37,261
I-11 Other revenue$0
I-12 Total revenuePrior year $5,459,706$10,913,896
I-13 Grants and similar amounts paidPrior year $1,882,331$2,850,380
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,040,429$1,589,043
I-16a Professional fundraising feesPrior year $31,995$36,791
I-17 Other expensesPrior year $1,003,694$1,913,657
I-18 Total expensesPrior year $3,958,449$6,389,871
I-19 Revenue less expensesPrior year $1,501,257$4,524,025
Part VI · Governance 6 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
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 $10,913,896 across 10 lines filed
VIII-1f All other contributions, gifts and grants$10,820,385
VIII-1g Noncash contributions (included above)$276,000
VIII-1h Total contributions, gifts and grants$10,820,385
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $56,250$56,250
VIII-3 Investment incomeExcluded from tax $42,243$42,243
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission −$4,982−$4,982
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $51,268 · Excluded from tax $42,243$10,913,896
Part IX · Statement of functional expenses $6,389,871 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $2,850,380$2,850,380
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $529,028 · Management $64,825 · Fundraising $285,617$879,470
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $271,286 · Management $115,909 · Fundraising $69,769$456,964
IX-8 Pension plan contributionsPrograms $80,514 · Management $23,394 · Fundraising $27,450$131,358
IX-9 Other employee benefitsPrograms $19,681 · Management $12,834 · Fundraising $9,761$42,276
IX-10 Payroll taxesPrograms $50,025 · Management $11,810 · Fundraising $17,140$78,975
IX-11a Management fees$0
IX-11b Legal feesManagement $2,502$2,502
IX-11c Accounting feesManagement $26,415$26,415
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $36,791$36,791
IX-11f Investment management feesManagement $1,757$1,757
IX-11g Other fees for servicesPrograms $1,561,596 · Management $33,369 · Fundraising $20,000$1,614,965
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $983 · Management $10,932$11,915
IX-14 Information technologyPrograms $22,402 · Management $5,140 · Fundraising $161$27,703
IX-15 Royalties$0
IX-16 OccupancyPrograms $7,702 · Management $13,112 · Fundraising $3,081$23,895
IX-17 TravelPrograms $4,276 · Management $12,783 · Fundraising $82$17,141
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $4,574 · Management $2,360 · Fundraising $1,102$8,036
IX-24 Other expenses (24a–d)Programs $143,353 · Management $6,990 · Fundraising $25,000$175,343
IX-24e All other expensesPrograms $13 · Management $2,908 · Fundraising $1,064$3,985
IX-25 Total functional expensesPrograms $5,545,813 · Management $347,040 · Fundraising $497,018$6,389,871
Part X · Balance sheet $10,305,213 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $2,733,989$3,543,163
X-2 Savings and temporary cash investmentsStart of year $1,491,114$237,856
X-3 Pledges and grants receivableStart of year $500,000$4,525,000
X-4 Accounts receivable$11,351
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $1,817$4,786
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$1,983,057
X-12 Other securitiesStart of year $586,252$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $5,313,172$10,305,213
X-17 Accounts payable and accrued expensesStart of year $114,810$266,451
X-18 Grants payableStart of year $119,425$325,220
X-25 Other liabilitiesStart of year $187,135$302,209
X-26 Total liabilitiesStart of year $421,370$893,880
X-27 Net assets without donor restrictionsStart of year $3,155,204$1,776,822
X-28 Net assets with donor restrictionsStart of year $1,736,598$7,634,511
X-32 Total net assets or fund balancesStart of year $4,891,802$9,411,333
X-33 Total liabilities and net assetsStart of year $5,313,172$10,305,213
Part XI · Reconciliation of net assets $9,411,333 net assets at year end
XI-1 Total revenue$10,913,896
XI-2 Total expenses$6,389,871
XI-3 Revenue less expenses$4,524,025
XI-4 Net assets at start of year$4,891,802
XI-5 Net unrealized gains (losses) on investments−$4,494
XI-10 Net assets at end of year$9,411,333

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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