Generation Steam EIN 85-2241739

Generation Steam FY2022 filing

EIN  85-2241739 Public charity (501(c)(3)) San Diego, CA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Inspires K-12 students to explore STEAM fields and discover career paths where their strengths shine.
Leadership
Sara Pagano · Executive Director · $141K
Money in and out
$897K revenue, $770K expenses
Bottom line
91% program efficiency

Inspires K-12 students to explore STEAM fields and discover career paths where their strengths shine. For fiscal year 2022 it reported $897K in revenue, $770K in expenses, and $353K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$897K
Pt VIII · Ln 12
Total expenses
$770K
Pt IX · Ln 25
Net assets
$353K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $127K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.09
Program efficiency
91%
of spending reaches programs
Operating runway
15.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$897K
FY2022▲ +61%
Expenses
$770K
FY2022▲ +56%
Total assets
$1.0M
FY2022▲ +207%
Total liabilities
$694K
FY2022▲ +503%
Total revenue
$897K
Pt VIII · Ln 12
Total expenses
$770K
Pt IX · Ln 25
Net assets
$353K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$127K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $699K of program spending, described in the organization's own filed words · FY2022.
01

We advocate for investing in steam education as one of the most effective ways to build a secure socio-economic environment for everyone regardless of race, creed, gender or personal beliefs. We feel that it is everyone's job not just teachers to spark excitement and curiosity in the minds of young people.

$699Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGeneration Steam
EINHdr · item D85-2241739
Principal addressHdr · item CSan Diego, CA
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFFeb 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$141,327Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director/Officer/Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Sara Pagano$152,483$146,432$141,327$57,864
Silvana Delpiccolo$115,160
Brandon Leck$110,140

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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Statement of Revenue

Part VIII
Contributions & grants100%$897K
— government grantsLn 1e$123K
Total revenueLn 12$897K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.09
Program services91%$699K
Management & general9%$71K
Total functional expensesLn 25$770K

Balance Sheet

Part X · end of year
CashLn 1$965K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$694K
Total net assetsLn 32$353K
Months of cash on handcomputed15.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $965K · Operating expenses/yr $770K
15.0 months
Where the money goes
Program services
Program services $699K · Total expenses $770K
91%
Management & General
Management & general $71K · Total expenses $770K
9%
Fundraising
Fundraising $0 · Total expenses $770K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $637K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $897K · Total revenue $897K
100%
Government reliance
Government grants $123K · Total revenue $897K
14%
Earned-income share
Program service revenue $0 · Total revenue $897K
0%
Investment reliance
Investment income $0 · Total revenue $897K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $770K
0%
Growth & trend
Revenue growth (YoY)
This year $897K · Prior year $558K
+61%
Net-asset trend (YoY)
End of year $353K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $897K · Expenses $770K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
Net-asset ratio
Net assets $353K · Total assets $1.0M
34%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Sara Pagano · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $141K · Total expenses $770K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $533K · Total expenses $770K
69%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 9%
Fundraising cost ratio 0%
Revenue growth 61%

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 · FY2024
See all 4 funders →

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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
FY2024 (Latest)$1.5M revenue · ⤓ 990 PDF
FY2023$1.3M revenue · ⤓ 990 PDF
FY2022$897K revenue · viewing · ⤓ 990 PDF
FY2021$558K 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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