Stemtac Foundation: Nonprofit Profile, Financials & Form 990 (EIN 83-3443870)

Revenue by fiscal year
FY2021	$121K
FY2022	$238K

Net assets by fiscal year
FY2021	$31K
FY2022	$69K

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022. IRS ruling in Mar 2023.

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

Where the money goes

65 cents of each dollar spent went to programs.

65%

26%

Program services 65% · $130K Management & general 26% · $52K Fundraising 9% · $18K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation

Albert Herron

Executive Director

$0Pt VII · Sec A

See Stemtac Foundation executive salaries →

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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
Loans to or from officersSch L · Pt II1 listed

Programs and updates

Promotes STEM education, career growth, entrepreneurship, and social justice initiatives.

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Provided by the organization

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1 program · $130K · in their own filed words · FY2022

01

The education to employment pipeline program delivered STEM education and enrichment support services to hundreds of student scholars and families within the greater Seattle metropolitan area.

$130Kprogram expense

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

College Success FoundationFY2023$28K

Total grants receivedfrom 1 funder$28K

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$238K

Ln 12

Gifts and grantsLn 1h$235K

Fees for servicesLn 2g$3K

Investment incomeLn 3$103

Money outPt IX

$200K

Ln 25

Programscol B$130K

Managementcol C$52K

Fundraisingcol D$18K

Owns and owesPt X

$69K

net assets · Ln 32

Cash and savingsLn 1–2$79K

Total assetsLn 16$93K

LiabilitiesLn 26$24K

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a0

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$235K

Government grantsLn 1e$108K

Fees for servicesLn 2g$3K

Investment incomeLn 3$103

Total revenueLn 12$238K

Assets in detailPt X, end of year

CashLn 1$79K

Cash and savings togetherLn 1–2$79K

Total assetsLn 16$93K

LiabilitiesLn 26$24K

Net assetsLn 32$69K

OperationsPt I, VI

EmployeesI 50

VolunteersI 61

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$1	$79K
Total assetsLn 16	$31K	$93K
LiabilitiesLn 26	$0	$24K
Net assetsLn 32	$31K	$69K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$2K		$2K
Legal feesLn 11b	$4K		$4K
Other fees for servicesLn 11g	$179K	$129K	$33K	$17K
Advertising and promotionLn 12	$3K	$867	$867	$867
Office expensesLn 13	$371		$371
Information technologyLn 14	$261		$261
OccupancyLn 16	$6K		$6K
TravelLn 17	$2K		$2K
InsuranceLn 23	$3K		$3K
Other expenses (24a–d)Ln 24	$1K		$1K
Total functional expensesLn 25	$200K	$130K	$52K	$18K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 Latest Viewing	$238K	$200K	$38K	$69K	990 PDF
FY2021	$121K			$31K	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 $237,796 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $111,000$234,693

I-9 Program service revenue$3,000

I-10 Investment incomePrior year $2$103

I-11 Other revenuePrior year $10,000$0

I-12 Total revenuePrior year $121,002$237,796

I-13 Grants and similar amounts paidPrior year $225$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $89,418$200,113

I-18 Total expensesPrior year $89,643$200,113

I-19 Revenue less expensesPrior year $31,359$37,683

Part VI · Governance 3 to look at

VI-1a Voting members of the governing body0

VI-1b Independent voting members0

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction 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

Part VIII · Statement of revenue $237,796 across 7 lines filed

VIII-1e Government grants$107,943

VIII-1f All other contributions, gifts and grants$126,750

VIII-1h Total contributions, gifts and grants$234,693

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,000$3,000

VIII-3 Investment incomeRelated to mission $103$103

VIII-8 Net income from fundraising events$0

VIII-12 Total revenueRelated to mission $3,103$237,796

Part IX · Statement of functional expenses $200,113 across 10 lines filed

IX-11a Management feesManagement $1,950$1,950

IX-11b Legal feesManagement $3,600$3,600

IX-11g Other fees for servicesPrograms $129,169 · Management $32,994 · Fundraising $17,307$179,470

IX-12 Advertising and promotionPrograms $867 · Management $867 · Fundraising $867$2,601

IX-13 Office expensesManagement $371$371

IX-14 Information technologyManagement $261$261

IX-16 OccupancyManagement $5,990$5,990

IX-17 TravelManagement $1,723$1,723

IX-23 InsuranceManagement $2,656$2,656

IX-24 Other expenses (24a–d)Management $1,491$1,491

IX-25 Total functional expensesPrograms $130,036 · Management $51,903 · Fundraising $18,174$200,113

Part X · Balance sheet $93,371 assets, 6 lines filed

Asset lines not itemized here account for $14,284; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $1$79,087

X-16 Total assetsStart of year $31,359$93,371

X-26 Total liabilitiesStart of year $0$24,329

X-27 Net assets without donor restrictionsStart of year $31,359$69,042

X-32 Total net assets or fund balancesStart of year $31,359$69,042

X-33 Total liabilities and net assetsStart of year $31,359$93,371

Part XI · Reconciliation of net assets $69,042 net assets at year end

XI-1 Total revenue$237,796

XI-2 Total expenses$200,113

XI-3 Revenue less expenses$37,683

XI-4 Net assets at start of year$31,359

XI-10 Net assets at end of year$69,042

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

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