Great Minds in Stem FY2022 filing

Tax-deductible

Commerce, CA501(c)(3)Public & Societal BenefitEIN 95-4577359

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Be a national leader in keeping america technologically strong by promoting science, technology, engineering and math careers especially in underserved communities.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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 5
filings with a surplus
Average deficit $238K a year · 10% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 10.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $115K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.2M
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.5M
-8% vs prior year
Spent
$3.2M
To programs
80%
Net assets
$2.1M
By yearFY2020–FY2024
Revenue
$2.5M
FY2022▼ -8%
Revenue by fiscal year
FY2020$2.2M
FY2021$2.7M
FY2022$2.5M
FY2023$2.6M
FY2024$2.2M
Expenses
$3.2M
FY2022▲ +59%
Expenses by fiscal year
FY2020$2.1M
FY2021$2.0M
FY2022$3.2M
FY2023$3.0M
FY2024$3.0M
Net assets
$2.1M
FY2022▼ -26%
Net assets by fiscal year
FY2020$2.1M
FY2021$2.8M
FY2022$2.1M
FY2023$1.7M
FY2024$882K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1996.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $2.6M Management & general 20% · $646K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
Chair Emeritus
$0Pt VII · Sec A
Chair - Acting CEO and Treasurer
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Anna M Park Jd’s $125K as CEO/Board Member is at the 36th percentile of top reported officer pay among 732 $1–10M public & societal benefit 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.

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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

Promotes STEM careers, especially in underserved communities, to keep America technologically strong.

Provided by the organization

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3 program services account for $2.4M of program spending, described in the organization's own filed words · FY2022.
01

National awards conferece brinding together college students with professional engineers and scientists form industry, academia, the military and government sectors for a virtual event which includes conducting webinars focused on skill-building, leadership development and career opportunity enhancement with a career and graduate fair.

$2.1Mprogram expense
02

Viva technology! A k-12 national science, technology, math and engineering awareness program offered virtually to schools across the nation for teachers and students in a variety of program formants. The program features project-based activities for students with engineers and scientists as guest speakers.

$148Kprogram expense
03

Mentornet program's objectives are to provide all science, technology, engineering, and mathematics (stem) students in the united states with access to effective mentorships in a vibrant community committed to student success; to develop a scalable mentoring platform that combines the technology of social networks with the social science…

$139Kprogram 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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$115K
Grants paid · 7 grants · $1.1M · 2020–2023
Unitemized GrantFY2023$182,108
Unitemized GrantFY2023$78,507
Unitemized GrantFY2022$209,462
Unitemized GrantFY2022$62,000
Unitemized GrantFY2021$212,024
Unitemized GrantFY2021$62,000
Unitemized GrantFY2020$301,396

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.5M
Ln 12
Fees for servicesLn 2g$2.4M
Gifts and grantsLn 1h$427K
Investment incomeLn 3$52K
Money outPt IX
$3.2M
Ln 25
Programscol B$2.6M
Managementcol C$646K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.9M
Total assetsLn 16$3.3M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$427K
Government grantsLn 1e$56K
Noncash giftsLn 1g$148K
Fees for servicesLn 2g$2.4M
Investment incomeLn 3$52K
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$819K
SavingsLn 2$2.1M
Cash and savings togetherLn 1–2$2.9M
Land, buildings, equipmentLn 10c$17K
Total assetsLn 16$3.3M
LiabilitiesLn 26$1.2M
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 512
VolunteersI 62,250
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$3.4M$2.9M
Land, buildings, equipmentLn 10c$79K$17K
Total assetsLn 16$3.7M$3.3M
LiabilitiesLn 26$818K$1.2M
Net assetsLn 32$2.8M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$271K$271K
Pay of current officers, directors and key staffLn 5$236K$184K$52K
Other salaries and wagesLn 7$898K$700K$198K
Legal feesLn 11b$586$586
Accounting feesLn 11c$84K$84K
Other fees for servicesLn 11g$250K$44K$206K
Advertising and promotionLn 12$42K$42K
Office expensesLn 13$18K$14K$4K
TravelLn 17$240K$204K$36K
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$11K$11K
Depreciation, depletion and amortizationLn 22$6K$5K$925
InsuranceLn 23$25K$20K$5K
Other expenses (24a–d)Ln 24$1.1M$1.0M$34K
All other expensesLn 24e$86K$70K$16K
Total functional expensesLn 25$3.2M$2.6M$646K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.2M$3.0M−$790K$882K 990 PDF
FY2023 $2.6M$3.0M−$443K$1.7M 990 PDF
FY2022 Viewing $2.5M$3.2M−$726K$2.1M 990 PDF
FY2021 $2.7M$2.0M$696K$2.8M 990 PDF
FY2020 $2.2M$2.1M$74K$2.1M 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $2,512,291 across 8 lines filed
VIII-1e Government grants$56,490
VIII-1f All other contributions, gifts and grants$371,002
VIII-1g Noncash contributions (included above)$148,000
VIII-1h Total contributions, gifts and grants$427,492
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,382,869$2,382,869
VIII-3 Investment incomeRelated to mission $52,049$52,049
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission −$350,119−$350,119
VIII-12 Total revenueRelated to mission $2,084,799 · Unrelated business $0 · Excluded from tax $0$2,512,291
Part IX · Statement of functional expenses $3,238,292 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $271,462$271,462
IX-5 Pay of current officers, directors and key staffPrograms $184,358 · Management $52,089$236,447
IX-7 Other salaries and wagesPrograms $700,288 · Management $197,863$898,151
IX-11b Legal feesManagement $586$586
IX-11c Accounting feesManagement $83,654$83,654
IX-11g Other fees for servicesPrograms $44,006 · Management $205,827$249,833
IX-12 Advertising and promotionPrograms $42,298$42,298
IX-13 Office expensesPrograms $14,175 · Management $3,544$17,719
IX-17 TravelPrograms $203,782 · Management $35,961$239,743
IX-19 Conferences, conventions and meetingsPrograms $1,689$1,689
IX-20 InterestManagement $11,127$11,127
IX-22 Depreciation, depletion and amortizationPrograms $5,239 · Management $925$6,164
IX-23 InsurancePrograms $20,073 · Management $5,018$25,091
IX-24 Other expenses (24a–d)Programs $1,034,876 · Management $33,528$1,068,404
IX-24e All other expensesPrograms $69,936 · Management $15,988$85,924
IX-25 Total functional expensesPrograms $2,592,182 · Management $646,110 · Fundraising $0$3,238,292
Part X · Balance sheet $3,284,403 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $895,860$819,061
X-2 Savings and temporary cash investmentsStart of year $2,518,667$2,122,573
X-4 Accounts receivableStart of year $136,833$321,225
X-9 Prepaid expenses and deferred chargesStart of year $28,485$4,116
X-10c Land, buildings and equipment, netStart of year $78,561$17,428
X-14 Intangible assets$0
X-16 Total assetsStart of year $3,658,406$3,284,403
X-17 Accounts payable and accrued expensesStart of year $124,349$388,440
X-19 Deferred revenueStart of year $343,603$435,500
X-25 Other liabilitiesStart of year $349,643$345,653
X-26 Total liabilitiesStart of year $817,595$1,169,593
X-27 Net assets without donor restrictionsStart of year $75,394−$7,763
X-28 Net assets with donor restrictionsStart of year $2,765,417$2,122,573
X-32 Total net assets or fund balancesStart of year $2,840,811$2,114,810
X-33 Total liabilities and net assetsStart of year $3,658,406$3,284,403
Part XI · Reconciliation of net assets $2,114,810 net assets at year end
XI-1 Total revenue$2,512,291
XI-2 Total expenses$3,238,292
XI-3 Revenue less expenses−$726,001
XI-4 Net assets at start of year$2,840,811
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,114,810

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

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