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Quantum Steam Academy FY2022 filing

Tax-deductible

Saint Paul, MN501(c)(3)Education EIN 83-1605019Revenue $2.5M in FY2022

On file with the IRSqsteamacademy.org497 1 Lumboldt Ave, 55107-0000 · Saint Paul, MNTax-exempt since Feb 2020School — 170(b)(1)(A)(ii)

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Provide an education and other educational services to students in grades k-8.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$48K 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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FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $248K a year · 10% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$48K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$806K
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 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
$2.5M
+95% vs prior year
Spent
$1.9M
To programs
83%
Net assets
$731K
By yearFY2020–FY2025
Revenue
$2.5M
FY2022▲ +95%
Tap a bar for its year
Revenue by fiscal year
FY2020$89K
FY2021$1.3M
FY2022$2.5M
FY2023$2.9M
FY2024$3.7M
FY2025$4.2M
Expenses
$1.9M
FY2022▲ +67%
Tap a bar for its year
Expenses by fiscal year
FY2020$79K
FY2021$1.1M
FY2022$1.9M
FY2023$2.8M
FY2024$3.4M
FY2025$3.9M
Net assets
$731K
FY2022▲ +399%
Tap a bar for its year
Net assets by fiscal year
FY2020$11K
FY2021$146K
FY2022$731K
FY2023$838K
FY2024$1.1M
FY2025$1.5M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2020.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $1.6M Management & general 17% · $332K

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

5 people listed on the 990; $48K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$47,947Pt VII · Sec A
$0Pt VII · Sec A
Adnan Khan
Treasurer
$0Pt VII · Sec A
Shavkat Metekov
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A

Crescence Nabil’s $68K as Treasurer is at the 13th percentile of top reported officer pay among 3395 $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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Mahrous Kandil—$160,200———
Crescence Nabil$67,642$61,413$56,834$47,947$18,856
Abdulah Aliu$52,320$47,997$39,361——

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

Educates and provides services for students in kindergarten through eighth grade.

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Provided by the organization

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1 program · $1.6M · in their own filed words · FY2021
01

Quantum STEAM Academy infuses energy into the area of STEAM education, not only to drive an increase in student learning and achievement, but also to stimulate the creative energy through integrating Science, Technology, Engineering, Art, and Mathematics to improve Minnesota and the world in which we live.

$1.6Mprogram expense

By the numbers

The FY2022 990, line by line.

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from philanthropy.org
1The main four
Money inPt VIII
$2.5M
Ln 12
Fees for servicesLn 2g$2.5M
Money outPt IX
$1.9M
Ln 25
Programscol B$1.6M
Managementcol C$332K
Owns and owesPt X
$731K
net assets · Ln 32
Cash and savingsLn 1–2$102K
Total assetsLn 16$1.5M
LiabilitiesLn 26$806K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.5M
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$102K
Cash and savings togetherLn 1–2$102K
Land, buildings, equipmentLn 10c$145K
Other assetsLn 15$521K
Total assetsLn 16$1.5M
LiabilitiesLn 26$806K
Net assetsLn 32$731K
OperationsPt I, VI
EmployeesI 542
VolunteersI 64
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$61K$102K
Land, buildings, equipmentLn 10c$10K$145K
Total assetsLn 16$329K$1.5M
LiabilitiesLn 26$183K$806K
Net assetsLn 32$146K$731K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$52K$52K
Other salaries and wagesLn 7$870K$715K$155K
Pension plan contributionsLn 8$53K$53K$29
Other employee benefitsLn 9$43K$19K$24K
Payroll taxesLn 10$59K$52K$7K
Management feesLn 11a$13K$13K
Accounting feesLn 11c$43K$43K
Other fees for servicesLn 11g$140K$128K$12K
Office expensesLn 13$6K$6K
Information technologyLn 14$51K$4K$47K
OccupancyLn 16$197K$197K
Travel and entertainment for public officialsLn 18$2K$2K
InterestLn 20$741$741
Payments to affiliatesLn 21$8K$8K
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$351K$351K
Total functional expensesLn 25$1.9M$1.6M$332K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.2M$3.9M$373K$1.5M 990 PDF
FY2024 $3.7M$3.4M$278K$1.1M 990 PDF
FY2023 $2.9M$2.8M$107K$838K 990 PDF
FY2022 Viewing $2.5M$1.9M$584K$731K 990 PDF
FY2021 $1.3M$1.1M$135K$146K 990 PDF
FY2020 $89K$79K$11K$11K 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 FY2022 990 (6 parts)
Part I · Summary $2,490,641 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,276,630$2,490,641
I-10 Investment incomePrior year $2$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,276,632$2,490,641
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $628,989$1,077,435
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $512,241$828,860
I-18 Total expensesPrior year $1,141,230$1,906,295
I-19 Revenue less expensesPrior year $135,402$584,346
Part VI · Governance 4 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
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 $2,490,641 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,490,641$2,490,641
VIII-12 Total revenueRelated to mission $2,490,641 · Unrelated business $0 · Excluded from tax $0$2,490,641
Part IX · Statement of functional expenses $1,906,295 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $52,238$52,238
IX-7 Other salaries and wagesPrograms $714,604 · Management $155,082$869,686
IX-8 Pension plan contributionsPrograms $53,416 · Management $29$53,445
IX-9 Other employee benefitsPrograms $19,015 · Management $24,047$43,062
IX-10 Payroll taxesPrograms $51,894 · Management $7,110$59,004
IX-11a Management feesManagement $12,870$12,870
IX-11c Accounting feesManagement $43,134$43,134
IX-11g Other fees for servicesPrograms $128,222 · Management $11,998$140,220
IX-13 Office expensesManagement $5,793$5,793
IX-14 Information technologyPrograms $4,228 · Management $47,113$51,341
IX-16 OccupancyPrograms $197,420$197,420
IX-18 Travel and entertainment for public officialsPrograms $2,380$2,380
IX-20 InterestManagement $741$741
IX-21 Payments to affiliatesManagement $7,836$7,836
IX-22 Depreciation, depletion and amortizationManagement $7,666$7,666
IX-23 InsuranceManagement $8,725$8,725
IX-24 Other expenses (24a–d)Programs $350,734$350,734
IX-25 Total functional expensesPrograms $1,574,151 · Management $332,144 · Fundraising $0$1,906,295
Part X · Balance sheet $1,536,984 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $61,344$101,526
X-4 Accounts receivableStart of year $257,274$768,767
X-9 Prepaid expenses and deferred chargesStart of year $550$0
X-10c Land, buildings and equipment, netStart of year $10,233$145,216
X-15 Other assetsStart of year $0$521,475
X-16 Total assetsStart of year $329,401$1,536,984
X-17 Accounts payable and accrued expensesStart of year $158,070$296,454
X-19 Deferred revenueStart of year $0$3,365
X-25 Other liabilitiesStart of year $25,000$506,488
X-26 Total liabilitiesStart of year $183,070$806,307
X-32 Total net assets or fund balancesStart of year $146,331$730,677
X-33 Total liabilities and net assetsStart of year $329,401$1,536,984
Part XI · Reconciliation of net assets $730,677 net assets at year end
XI-1 Total revenue$2,490,641
XI-2 Total expenses$1,906,295
XI-3 Revenue less expenses$584,346
XI-4 Net assets at start of year$146,331
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$730,677

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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