Great Minds in Stem FY2023 filing

Tax-deductible

Commerce, CA501(c)(3)Public & Societal BenefitEIN 95-4577359Revenue $2.6M in FY2023

On file with the IRSgreatmindsinstem.org5211 E Washington Blvd Ste2-320, 90040-3963 · Commerce, CATax-exempt since Aug 1996Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

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.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.4 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
$782K
32% of total assets
Looks good: liabilities are 32% 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
$2.6M
+2% vs prior year
Spent
$3.0M
To programs
79%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$2.6M
FY2023▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$2.7M
FY2022$2.5M
FY2023$2.6M
FY2024$2.2M
Expenses
$3.0M
FY2023▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.1M
FY2021$2.0M
FY2022$3.2M
FY2023$3.0M
FY2024$3.0M
Net assets
$1.7M
FY2023▼ -21%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$2.8M
FY2022$2.1M
FY2023$1.7M
FY2024$882K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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

79 cents of each dollar spent went to programs.

Program services 79% · $2.4M Management & general 21% · $629K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Board Chair
$0Pt VII · Sec A
Board Vice Chair
$0Pt VII · Sec A
$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.

See Great Minds in Stem executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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.

Questions for Great Minds in Stem

Tap to ask. Great Minds in Stem sees how many people are interested.

Your first name shows with your question. Great Minds in Stem answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

3 programs · $2.4M · in their own filed words · FY2023
01

National awards conference bringing together college students with professional engineers and scientists from industry, academia, the military, and government sectors for an event that includes conducting pre-conference webinars and on-site sessions focused on skill-building, leadership development and career opportunity enhancement with…

$2.1Mprogram expense
02

Viva technology! Is a k-12 national science, technology, engineering, and math (stem) awareness program offered (through a combination of virtual and physical means) to schools across the national for teacher and students in a variety of formats.

$148Kprogram expense
03

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

$139Kprogram expense

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Fees for servicesLn 2g$2.0M
Gifts and grantsLn 1h$432K
Other incomeLn 4–11$105K
Money outPt IX
$3.0M
Ln 25
Programscol B$2.4M
Managementcol C$629K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$2.5M
LiabilitiesLn 26$782K
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$432K
Noncash giftsLn 1g$74K
Fees for servicesLn 2g$2.0M
Investment incomeLn 3$50K
Other incomeLn 4–11$105K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$753K
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$2.1M
Land, buildings, equipmentLn 10c$14K
Total assetsLn 16$2.5M
LiabilitiesLn 26$782K
Net assetsLn 32$1.7M
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 FY23End FY23
Cash and savingsLn 1–2$2.9M$2.1M
Land, buildings, equipmentLn 10c$17K$14K
Total assetsLn 16$3.3M$2.5M
LiabilitiesLn 26$1.2M$782K
Net assetsLn 32$2.1M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$261K$261K
Pay of current officers, directors and key staffLn 5$50K$39K$11K
Other salaries and wagesLn 7$809K$631K$178K
Other employee benefitsLn 9$68K$53K$15K
Payroll taxesLn 10$63K$49K$14K
Accounting feesLn 11c$84K$84K
Other fees for servicesLn 11g$135K$24K$112K
Advertising and promotionLn 12$25K$25K
Office expensesLn 13$18K$15K$4K
TravelLn 17$516K$439K$77K
Conferences, conventions and meetingsLn 19$13K$13K
InterestLn 20$15K$15K
Depreciation, depletion and amortizationLn 22$16K$13K$2K
InsuranceLn 23$12K$10K$2K
Other expenses (24a–d)Ln 24$812K$720K$92K
All other expensesLn 24e$100K$79K$22K
Total functional expensesLn 25$3.0M$2.4M$629K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.2M$3.0M−$790K$882K 990 PDF
FY2023 Viewing $2.6M$3.0M−$443K$1.7M 990 PDF
FY2022 $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

Want to add your own materials alongside these filings? Claim this org

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 FY2023 990 (6 parts)
Part I · Summary $2,555,249 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $427,492$432,094
I-9 Program service revenuePrior year $2,382,869$1,968,019
I-10 Investment incomePrior year $52,049$50,077
I-11 Other revenuePrior year −$350,119$105,059
I-12 Total revenuePrior year $2,512,291$2,555,249
I-13 Grants and similar amounts paidPrior year $271,462$260,615
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,134,598$989,563
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,832,232$1,748,042
I-18 Total expensesPrior year $3,238,292$2,998,220
I-19 Revenue less expensesPrior year −$726,001−$442,971
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,555,249 across 7 lines filed
VIII-1f All other contributions, gifts and grants$432,094
VIII-1g Noncash contributions (included above)$74,000
VIII-1h Total contributions, gifts and grants$432,094
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,968,019$1,968,019
VIII-3 Investment incomeRelated to mission $50,077$50,077
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $105,059$105,059
VIII-12 Total revenueRelated to mission $2,123,155 · Unrelated business $0 · Excluded from tax $0$2,555,249
Part IX · Statement of functional expenses $2,998,220 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $260,615$260,615
IX-5 Pay of current officers, directors and key staffPrograms $38,985 · Management $11,015$50,000
IX-7 Other salaries and wagesPrograms $630,866 · Management $178,248$809,114
IX-9 Other employee benefitsPrograms $52,703 · Management $14,891$67,594
IX-10 Payroll taxesPrograms $49,008 · Management $13,847$62,855
IX-11c Accounting feesManagement $84,342$84,342
IX-11g Other fees for servicesPrograms $23,867 · Management $111,632$135,499
IX-12 Advertising and promotionPrograms $24,895$24,895
IX-13 Office expensesPrograms $14,686 · Management $3,672$18,358
IX-17 TravelPrograms $438,653 · Management $77,409$516,062
IX-19 Conferences, conventions and meetingsPrograms $13,011$13,011
IX-20 InterestManagement $15,165$15,165
IX-22 Depreciation, depletion and amortizationPrograms $13,290 · Management $2,345$15,635
IX-23 InsurancePrograms $9,783 · Management $2,446$12,229
IX-24 Other expenses (24a–d)Programs $720,223 · Management $92,266$812,489
IX-24e All other expensesPrograms $78,550 · Management $21,807$100,357
IX-25 Total functional expensesPrograms $2,369,135 · Management $629,085 · Fundraising $0$2,998,220
Part X · Balance sheet $2,453,901 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $819,061$753,129
X-2 Savings and temporary cash investmentsStart of year $2,122,573$1,352,972
X-4 Accounts receivableStart of year $321,225$296,081
X-9 Prepaid expenses and deferred chargesStart of year $4,116$37,616
X-10c Land, buildings and equipment, netStart of year $17,428$14,103
X-14 Intangible assets$0
X-16 Total assetsStart of year $3,284,403$2,453,901
X-17 Accounts payable and accrued expensesStart of year $388,440$85,502
X-19 Deferred revenueStart of year $435,500$253,000
X-25 Other liabilitiesStart of year $345,653$443,560
X-26 Total liabilitiesStart of year $1,169,593$782,062
X-27 Net assets without donor restrictionsStart of year −$7,763$318,867
X-28 Net assets with donor restrictionsStart of year $2,122,573$1,352,972
X-32 Total net assets or fund balancesStart of year $2,114,810$1,671,839
X-33 Total liabilities and net assetsStart of year $3,284,403$2,453,901
Part XI · Reconciliation of net assets $1,671,839 net assets at year end
XI-1 Total revenue$2,555,249
XI-2 Total expenses$2,998,220
XI-3 Revenue less expenses−$442,971
XI-4 Net assets at start of year$2,114,810
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,671,839

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.