Stemtac Foundation EIN 83-3443870

Stemtac Foundation

EIN  83-3443870 Public charity (501(c)(3)) Redmond, WA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Promotes STEM education, career growth, entrepreneurship, and social justice initiatives.
Leadership
Albert Herron · Executive Director
Money in and out
$238K revenue, $200K expenses
Bottom line
65% program efficiency

Promotes STEM education, career growth, entrepreneurship, and social justice initiatives. For fiscal year 2022 it reported $238K in revenue, $200K in expenses, and $69K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$238K
Pt VIII · Ln 12
Total expenses
$200K
Pt IX · Ln 25
Net assets
$69K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $38K
Where spending went · Part IX cols B–D
Program services $0.65 Management & general $0.26 Fundraising $0.09
Program efficiency
65%
of spending reaches programs
Operating runway
4.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+16%
revenue over expenses, this year▼ -39% vs prior filing year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$238K
FY2022▲ +97%
Total revenue
$238K
Pt VIII · Ln 12
Total expenses
$200K
Pt IX · Ln 25
Net assets
$69K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$38K
Total assetsPt X · Ln 16$93K
Program-expense ratioPt IX · col B65%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $130K of program spending, described in the organization's 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

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CStemtac Foundation
EINHdr · item D83-3443870
Principal addressHdr · item CRedmond, WA
WebsiteHdr · item Jwww.stemtacfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFMar 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
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
Executive Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$235K · 99%
Program service revenue$3K · 1%
Contributions & grants99%$235K
Program service revenue1%$3K
Investment income$103
— government grantsLn 1e$108K
Total revenueLn 12$238K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.65 Management & general $0.26 Fundraising $0.09
Program services65%$130K
Management & general26%$52K
Fundraising9%$18K
Total functional expensesLn 25$200K

Balance Sheet

Part X · end of year
CashLn 1$79K
Total assetsLn 16$93K
Total liabilitiesLn 26$24K
Total net assetsLn 32$69K
Months of cash on handcomputed4.7

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $79K · Operating expenses/yr $200K
4.7 months
Where the money goes
Program services
Program services $130K · Total expenses $200K
65%
Management & General
Management & general $52K · Total expenses $200K
26%
Fundraising
Fundraising $18K · Total expenses $200K
9%
Cost to raise $1
Fundraising expense $18K · Solicited contributions $127K
$0.14 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $235K · Total revenue $238K
99%
Government reliance
Government grants $108K · Total revenue $238K
45%
Earned-income share
Program service revenue $3K · Total revenue $238K
1%
Investment reliance
Investment income $103 · Total revenue $238K
0%
Program self-sufficiency
Program service revenue $3K · Total expenses $200K
1%
Growth & trend
Revenue growth (YoY)
This year $238K · Prior year $121K
+97%
Net-asset trend (YoY)
End of year $69K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $238K · Expenses $200K
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $93K
Net-asset ratio
Net assets $69K · Total assets $93K
74%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $93K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Albert Herron · Reported title Executive Director · Highest reported compensation $0 · Total expenses $200K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $200K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 65%
Overhead ratio 26%
Fundraising cost ratio 8%
Revenue growth 97%
Legal fee ratio 2%

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
Total grants receivedfrom 1 funder$28K

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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
FY2022 (Latest)$238K revenue · viewing · ⤓ 990 PDF
FY2021$121K 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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