CT Stem Academy INC FY2024 filing

Tax-deductible

Wallingford, CT501(c)(3)EducationEIN 86-1488968Revenue $248K in FY2024

On file with the IRSctstemacademy.org284 Washington St, 06492-2327 · Wallingford, CTTax-exempt since Jul 2022Publicly supported charity — 170(b)(1)(A)(vi)

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CT STEM Academy is a nonprofit organization established as a collaborative program between the Wallingford Youth and Social Services as well as SCOW, the Spanish Community of Wallingford. We hold various programs, such as Family STEM Nights at schools, after school programs, day camps in the summer, and programs at night accessible to the community. As an innovative enrichment program designed for students interested in deepening their knowledge of STEM concepts, we place special emphasis on gender equity, cultural diversity and direct family involvement.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
2 of 3
filings with a surplus
Average surplus $44K a year · 18% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 11.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $71K
Looks good: 4 funders name it on their filings; 3 or more.
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
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$248K
+12% vs prior year
Spent
$202K
To programs
96%
Net assets
$190K
By yearFY2023–FY2025
Revenue
$248K
FY2024▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2023$222K
FY2024$248K
FY2025$263K
Expenses
$202K
FY2024▲ +159%
Tap a bar for its year
Expenses by fiscal year
FY2023$78K
FY2024$202K
FY2025$320K
Net assets
$190K
FY2024▲ +32%
Tap a bar for its year
Net assets by fiscal year
FY2023$144K
FY2024$190K
FY2025$133K

From the FY2024 Form 990 (year ending June 2024) · 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 Jul 2022.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $194K Management & general 4% · $8K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See CT Stem Academy 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 15aYes

Programs and updates

Offers STEM enrichment programs for students and families, emphasizing equity and diversity.

Provided by the organization

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1 program · $194K · in their own filed words · FY2023
01

CT STEM Academy is a nonprofit organization established as a collaborative program between the Wallingford Youth and Social Services as well as SCOW, the Spanish Community of Wallingford. We hold various programs, such as Family STEM Nights at schools, after school programs, day camps in the summer, and programs at night accessible to…

$194Kprogram 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 · FY2024
Total grants receivedfrom 4 funders$71K
See all 4 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$248K
Ln 12
Gifts and grantsLn 1h$232K
Fees for servicesLn 2g$14K
Investment incomeLn 3$2K
Money outPt IX
$202K
Ln 25
Programscol B$194K
Managementcol C$8K
Owns and owesPt X
$190K
net assets · Ln 32
Cash and savingsLn 1–2$189K
Total assetsLn 16$190K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$232K
Fees for servicesLn 2g$14K
Investment incomeLn 3$2K
Total revenueLn 12$248K
Assets in detailPt X, end of year
CashLn 1$35K
SavingsLn 2$155K
Cash and savings togetherLn 1–2$189K
Other assetsLn 15$719
Total assetsLn 16$190K
LiabilitiesLn 26$0
Net assetsLn 32$190K
OperationsPt I, VI
EmployeesI 528
VolunteersI 610
Fiscal year endsHeaderJune
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
LineStart FY24End FY24
Cash and savingsLn 1–2$144K$189K
Total assetsLn 16$144K$190K
LiabilitiesLn 26$0$0
Net assetsLn 32$144K$190K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$35K$35K
Other salaries and wagesLn 7$126K$126K
Accounting feesLn 11c$350$350
Other fees for servicesLn 11g$150$150
Advertising and promotionLn 12$748$748
Office expensesLn 13$6K$6K$105
Other expenses (24a–d)Ln 24$28K$24K$4K
All other expensesLn 24e$6K$3K$4K
Total functional expensesLn 25$202K$194K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $263K$320K−$56K$133K 990 PDF
FY2024 Viewing $248K$202K$46K$190K 990 PDF
FY2023 $222K$78K$144K$144K 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 (6 parts)
Part I · Summary $247,723 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $211,883$231,853
I-9 Program service revenuePrior year $9,728$13,789
I-10 Investment incomePrior year $532$2,081
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $222,143$247,723
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $65,185$160,896
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $12,826$40,977
I-18 Total expensesPrior year $78,011$201,873
I-19 Revenue less expensesPrior year $144,132$45,850
Part VI · Governance 7 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $247,723 across 5 lines filed
VIII-1f All other contributions, gifts and grants$231,853
VIII-1h Total contributions, gifts and grants$231,853
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,789$13,789
VIII-3 Investment incomeExcluded from tax $2,081$2,081
VIII-12 Total revenueRelated to mission $13,789 · Unrelated business $0 · Excluded from tax $2,081$247,723
Part IX · Statement of functional expenses $201,873 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $35,001$35,001
IX-7 Other salaries and wagesPrograms $125,895$125,895
IX-11c Accounting feesPrograms $350$350
IX-11g Other fees for servicesPrograms $150$150
IX-12 Advertising and promotionPrograms $748$748
IX-13 Office expensesPrograms $5,676 · Management $105$5,781
IX-24 Other expenses (24a–d)Programs $23,670 · Management $4,091$27,761
IX-24e All other expensesPrograms $2,589 · Management $3,598$6,187
IX-25 Total functional expensesPrograms $194,079 · Management $7,794 · Fundraising $0$201,873
Part X · Balance sheet $189,982 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $43,600$34,649
X-2 Savings and temporary cash investmentsStart of year $100,532$154,614
X-15 Other assetsStart of year $0$719
X-16 Total assetsStart of year $144,132$189,982
X-17 Accounts payable and accrued expenses$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $144,132$189,982
X-33 Total liabilities and net assetsStart of year $144,132$189,982
Part XI · Reconciliation of net assets $189,982 net assets at year end
XI-1 Total revenue$247,723
XI-2 Total expenses$201,873
XI-3 Revenue less expenses$45,850
XI-4 Net assets at start of year$144,132
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$189,982

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

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