Quantum Steam Academy FY2024 filing

Tax-deductible

Saint Paul, MN501(c)(3)EducationEIN 83-1605019

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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.
77¢ of each $1 spent went to programs.
$270K 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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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
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
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$270K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.6M
58% of total assets
Fine: liabilities are 58% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 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
$3.7M
+25% vs prior year
Spent
$3.4M
To programs
77%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$3.7M
FY2024▲ +25%
Revenue by fiscal year
FY2020$89K
FY2021$1.3M
FY2022$2.5M
FY2023$2.9M
FY2024$3.7M
FY2025$4.2M
Expenses
$3.4M
FY2024▲ +20%
Expenses by fiscal year
FY2020$79K
FY2021$1.1M
FY2022$1.9M
FY2023$2.8M
FY2024$3.4M
FY2025$3.9M
Net assets
$1.1M
FY2024▲ +33%
Net assets by fiscal year
FY2020$11K
FY2021$146K
FY2022$731K
FY2023$838K
FY2024$1.1M
FY2025$1.5M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

77 cents of each dollar spent went to programs.

Program services 77% · $2.6M Management & general 23% · $768K

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

6 people listed on the 990; $270K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
School Director
$160,200Pt VII · Sec A
$61,413Pt VII · Sec A
$47,997Pt VII · Sec A
$0Pt VII · Sec A
Member
$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 · 5 named individuals · Part VII

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

Provided by the organization

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1 program service account for $2.6M of program spending, described in the organization's own filed words · FY2023.
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.

$2.6Mprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.7M
Ln 12
Fees for servicesLn 2g$3.7M
Money outPt IX
$3.4M
Ln 25
Programscol B$2.6M
Managementcol C$768K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$2.7M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
6
listed · VII A
PaidVII A3
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$3.7M
Total revenueLn 12$3.7M
Assets in detailPt X, end of year
CashLn 1$1.0M
Cash and savings togetherLn 1–2$1.0M
Land, buildings, equipmentLn 10c$129K
Other assetsLn 15$886K
Total assetsLn 16$2.7M
LiabilitiesLn 26$1.6M
Net assetsLn 32$1.1M
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 FY24End FY24
Cash and savingsLn 1–2$397K$1.0M
Land, buildings, equipmentLn 10c$271K$129K
Total assetsLn 16$2.2M$2.7M
LiabilitiesLn 26$1.4M$1.6M
Net assetsLn 32$838K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$9K$9K
Pay of current officers, directors and key staffLn 5$268K$192K$76K
Other salaries and wagesLn 7$1.2M$1.0M$131K
Pension plan contributionsLn 8$402K$388K$14K
Other employee benefitsLn 9$80K$29K$51K
Payroll taxesLn 10$102K$84K$18K
Management feesLn 11a$108K$41K$67K
Accounting feesLn 11c$68K$68K
Other fees for servicesLn 11g$161K$130K$30K
Office expensesLn 13$7K$7K
Information technologyLn 14$31K$16K$15K
OccupancyLn 16$14K$14K
Travel and entertainment for public officialsLn 18$5K$4K$2K
InterestLn 20$16K$16K
Payments to affiliatesLn 21$26K$26K
Depreciation, depletion and amortizationLn 22$234K$234K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$658K$658K
Total functional expensesLn 25$3.4M$2.6M$768K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.2M$3.9M$373K$1.5M 990 PDF
FY2024 Viewing $3.7M$3.4M$278K$1.1M 990 PDF
FY2023 $2.9M$2.8M$107K$838K 990 PDF
FY2022 $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $3,658,958 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,658,958$3,658,958
VIII-12 Total revenueRelated to mission $3,658,958 · Unrelated business $0 · Excluded from tax $0$3,658,958
Part IX · Statement of functional expenses $3,380,978 across 18 lines filed
IX-4 Benefits paid to or for membersPrograms $8,726$8,726
IX-5 Pay of current officers, directors and key staffPrograms $191,995 · Management $76,405$268,400
IX-7 Other salaries and wagesPrograms $1,046,516 · Management $131,317$1,177,833
IX-8 Pension plan contributionsPrograms $388,159 · Management $14,008$402,167
IX-9 Other employee benefitsPrograms $29,495 · Management $50,509$80,004
IX-10 Payroll taxesPrograms $84,290 · Management $17,632$101,922
IX-11a Management feesPrograms $40,934 · Management $66,895$107,829
IX-11c Accounting feesManagement $67,747$67,747
IX-11g Other fees for servicesPrograms $130,319 · Management $30,342$160,661
IX-13 Office expensesManagement $7,383$7,383
IX-14 Information technologyPrograms $16,073 · Management $15,102$31,175
IX-16 OccupancyPrograms $14,336$14,336
IX-18 Travel and entertainment for public officialsPrograms $3,891 · Management $1,555$5,446
IX-20 InterestManagement $16,080$16,080
IX-21 Payments to affiliatesManagement $25,567$25,567
IX-22 Depreciation, depletion and amortizationManagement $234,162$234,162
IX-23 InsuranceManagement $13,698$13,698
IX-24 Other expenses (24a–d)Programs $657,842$657,842
IX-25 Total functional expensesPrograms $2,612,576 · Management $768,402 · Fundraising $0$3,380,978
Part X · Balance sheet $2,684,052 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $397,411$1,000,913
X-4 Accounts receivableStart of year $710,340$660,270
X-9 Prepaid expenses and deferred chargesStart of year $10,042$7,583
X-10c Land, buildings and equipment, netStart of year $270,975$129,203
X-15 Other assetsStart of year $804,721$886,083
X-16 Total assetsStart of year $2,193,489$2,684,052
X-17 Accounts payable and accrued expensesStart of year $264,342$277,895
X-19 Deferred revenueStart of year $3,363$0
X-25 Other liabilitiesStart of year $928,473$1,290,201
X-26 Total liabilitiesStart of year $1,355,513$1,568,096
X-32 Total net assets or fund balancesStart of year $837,976$1,115,956
X-33 Total liabilities and net assetsStart of year $2,193,489$2,684,052
Part XI · Reconciliation of net assets $1,115,956 net assets at year end
XI-1 Total revenue$3,658,958
XI-2 Total expenses$3,380,978
XI-3 Revenue less expenses$277,980
XI-4 Net assets at start of year$837,976
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,115,956

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

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