Stem4real EIN 82-5376933

Stem4real FY2022 filing

EIN  82-5376933 Public charity (501(c)(3)) Layton, UT
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers schools to build equitable, culturally responsive STEM education through professional learning.
Leadership
Marie Gorman · Secretary · $80K
Money in and out
$373K revenue, $351K expenses
Bottom line
34% program efficiency

Empowers schools to build equitable, culturally responsive STEM education through professional learning. For fiscal year 2022 it reported $373K in revenue, $351K in expenses, and $28K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$373K
Pt VIII · Ln 12
Total expenses
$351K
Pt IX · Ln 25
Net assets
$28K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $22K
Where spending went · Part IX cols B–D
Program services $0.34 Management & general $0.59 Fundraising $0.07
Program efficiency
34%
of spending reaches programs
Operating runway
1.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$373K
FY2022▼ -8%
Expenses
$351K
FY2022▼ -13%
Total assets
$34K
FY2022▲ +62%
Total liabilities
$6K
FY2022▼ -60%
Total revenue
$373K
Pt VIII · Ln 12
Total expenses
$351K
Pt IX · Ln 25
Net assets
$28K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$22K
Total assetsPt X · Ln 16$34K
Program-expense ratioPt IX · col B34%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $119K of program spending, described in the organization's own filed words · FY2022.
01

Educational and Training and Professional Learning for Schools and Districts

$119Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CStem4real
EINHdr · item D82-5376933
Principal addressHdr · item CLayton, UT
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MUT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFJul 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary
$80,000Pt VII · Sec A
Executive Dir.
$46,751Pt VII · Sec A
$0Pt VII · Sec A

Leena Bakshi’s $106K as Executive Dir. is at the 86th percentile of top reported officer pay among 1616 $100K–1M 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Leena Bakshi$106,138$85,000$46,751$79,588$37,000
Marie Gorman$46,667$80,000$58,167
Marie S Gorman$15,435
Emily Stanley$13,349

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 & grants100%$373K
Total revenueLn 12$373K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.34 Management & general $0.59 Fundraising $0.07
Program services34%$119K
Management & general59%$206K
Fundraising7%$26K
Total functional expensesLn 25$351K

Balance Sheet

Part X · end of year
CashLn 1$34K
Total assetsLn 16$34K
Total liabilitiesLn 26$6K
Total net assetsLn 32$28K
Months of cash on handcomputed1.2

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $34K · Operating expenses/yr $351K
1.2 months
Where the money goes
Program services
Program services $119K · Total expenses $351K
34%
Management & General
Management & general $206K · Total expenses $351K
59%
Fundraising
Fundraising $26K · Total expenses $351K
7%
Cost to raise $1
Fundraising expense (2-yr avg) $13K · Solicited contributions (2-yr avg) $309K
$0.04 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $373K · Total revenue $373K
100%
Government reliance
Government grants — · Total revenue $373K
Earned-income share
Program service revenue $0 · Total revenue $373K
0%
Investment reliance
Investment income $0 · Total revenue $373K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $351K
0%
Growth & trend
Revenue growth (YoY)
This year $373K · Prior year $406K
-8%
Net-asset trend (YoY)
End of year $28K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $373K · Expenses $351K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $34K
Net-asset ratio
Net assets $28K · Total assets $34K
83%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $34K
0%
People & payroll
Highest Reported Total Compensation
Individual Marie Gorman · Reported title Secretary · Highest reported compensation $80K · Total expenses $351K
23%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $142K · Total expenses $351K
41%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 34%
Overhead ratio 59%
Fundraising cost ratio 7%
Revenue growth -8%
Investment management fee ratio 0%
Legal fee ratio 14%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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 · funders on record
Grants received · FY2023
New Schools FundFY2023$250K
Total grants receivedfrom 1 funder$250K

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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)$713K revenue · ⤓ 990 PDF
FY2023$599K revenue · ⤓ 990 PDF
FY2022$373K revenue · viewing · ⤓ 990 PDF
FY2021$406K revenue · ⤓ 990 PDF
FY2020$127K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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