Steam Ahead INC

Tax-deductible

Jamaica Plain, MA501(c)(3)Community DevelopmentEIN 83-3984772

The organization is dedicated to increasing the number of underserved and underrepresented students who enter careers in science, technology, engineering, arts and math (s.t.e.a.m.) fields by creating unique programming and cirriculums at their summer learning and steam academies. The organization partners with organizations with similar goals to assist them in their s.t.e.a.m. Programming.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$128K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $14K a year · 5% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$128K
to officers and key staff · 38% of spending
Top officer’s pay higher than 64% of similar orgs
Concern: pay to officers and key staff is 38% of spending; over 30%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $85K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$341K
+196% vs prior year
Spent
$338K
To programs
100%
Net assets
$85K
By yearFY2020–FY2024
Revenue
$341K
FY2024▲ +196%
Revenue by fiscal year
FY2020$175K
FY2021$184K
FY2022$401K
FY2023$115K
FY2024$341K
Expenses
$338K
FY2024▲ +37%
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$231K
FY2023$246K
FY2024$338K
Net assets
$85K
FY2024▲ +16%
Net assets by fiscal year
FY2020$46K
FY2021−$745
FY2022$209K
FY2023$73K
FY2024$85K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2020.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $337K Management & general 0% · $718

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

5 people listed on the 990; $128K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/Clerk
$88,000Pt VII · Sec A
Vice President/Treasurer
$40,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Alix Holder’s $88K as President/Clerk is at the 64th percentile of top reported officer pay among 1709 $100K–1M community development 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

NameFY2024FY2023FY2022FY2021FY2020
Alix Holder$88,000$60,000$45,000$61,230$37,300
Loren Paul$40,000$45,000———
Loren Murphy———$33,150$32,000

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.

See Steam Ahead INC 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

Programs and updates

Inspires underserved students to pursue STEAM careers through summer academies and curriculum development.

Provided by the organization

This section is blank until Steam Ahead INC claims this page.

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1 program service account for $337K of program spending, described in the organization's own filed words · FY2024.
01

The organization is dedicated to increasing the number of underserved and underrepresented students who enter careers in science, technology, engineering, arts and math (S.T.E.A.M.) fields by creating unique programming and cirriculums at their summer learning and steam academies.

$337Kprogram expense

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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 · FY2024
Total grants receivedfrom 2 funders$85K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$341K
Ln 12
Gifts and grantsLn 1h$247K
Fees for servicesLn 2g$94K
Other incomeLn 4–11$25
Money outPt IX
$338K
Ln 25
Programscol B$337K
Managementcol C$718
Owns and owesPt X
$85K
net assets · Ln 32
Cash and savingsLn 1–2$85K
Total assetsLn 16$85K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$247K
Government grantsLn 1e$74K
Fees for servicesLn 2g$94K
Other incomeLn 4–11$25
Total revenueLn 12$341K
Assets in detailPt X, end of year
CashLn 1$85K
Cash and savings togetherLn 1–2$85K
Total assetsLn 16$85K
LiabilitiesLn 26$0
Net assetsLn 32$85K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$49K$85K
Total assetsLn 16$73K$85K
LiabilitiesLn 26$0$0
Net assetsLn 32$73K$85K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$128K$128K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$16K$16K
Office expensesLn 13$718$718
OccupancyLn 16$1K$1K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$182K$182K
All other expensesLn 24e$565$565
Total functional expensesLn 25$338K$337K$718$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $341K$338K$3K$85K 990 PDF
FY2023 $115K$246K−$131K$73K 990 PDF
FY2022 $401K$231K$170K$209K 990 PDF
FY2021 $184K−$745 990 PDF
FY2020 $175K$46K 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 $340,923 across 6 lines filed
VIII-1e Government grants$73,585
VIII-1f All other contributions, gifts and grants$173,128
VIII-1h Total contributions, gifts and grants$246,713
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $94,185$94,185
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $25$25
VIII-12 Total revenueRelated to mission $94,210 · Unrelated business $0 · Excluded from tax $0$340,923
Part IX · Statement of functional expenses $337,977 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $128,000$128,000
IX-11b Legal feesPrograms $3,366$3,366
IX-11c Accounting feesPrograms $2,993$2,993
IX-12 Advertising and promotionPrograms $16,265$16,265
IX-13 Office expensesManagement $718$718
IX-16 OccupancyPrograms $1,029$1,029
IX-23 InsurancePrograms $2,871$2,871
IX-24 Other expenses (24a–d)Programs $182,170$182,170
IX-24e All other expensesPrograms $565$565
IX-25 Total functional expensesPrograms $337,259 · Management $718 · Fundraising $0$337,977
Part X · Balance sheet $84,824 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $48,517$84,824
X-16 Total assetsStart of year $73,324$84,824
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $73,324$84,824
X-32 Total net assets or fund balancesStart of year $73,324$84,824
X-33 Total liabilities and net assetsStart of year $73,324$84,824
Part XI · Reconciliation of net assets $84,824 net assets at year end
XI-1 Total revenue$340,923
XI-2 Total expenses$337,977
XI-3 Revenue less expenses$2,946
XI-4 Net assets at start of year$73,324
XI-8 Prior period adjustments$8,554
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$84,824

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

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