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Nonprofiteer
← SAN DIEGO SQUARED

Form 990 for tax year 2024

Filed by SAN DIEGO SQUARED.

Totals

Total revenue
$1,668,522
Total expenses
$1,384,413
Contributions and grants received
$1,439,944
Grants paid
$120,000
Program service revenue
$67,833
Investment income
$137,977
Other revenue
$22,768
Total assets, end of year
$3,618,649
Total liabilities, end of year
$1,515,179
Net assets or fund balances, end of year
$2,103,470
Program services expenses (Part IX)
$1,131,943
Management and general expenses
$110,457
Fundraising expenses
$142,013
Program service expenses (Part III)
$1,131,943

Program services were 81.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,439,944

  • 2a · Program service revenue: Programs

    total $67,833 · related or exempt $67,833

  • 3 · Investment income

    total $137,977 · excluded $137,977

  • 8a · Fundraising events: gross income

    $22,768

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $22,768 · excluded $22,768

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $120,000 · program services $120,000

  • 5 · Compensation of officers, directors and key employees

    total $411,045 · program services $276,065 · management and general $62,001 · fundraising $72,979

  • 7 · Other salaries and wages

    total $238,999 · program services $160,516 · management and general $36,050 · fundraising $42,433

  • 11b · Fees: legal

    total $24 · program services $12 · management and general $6 · fundraising $6

  • 12 · Advertising and promotion

    total $56,704 · program services $48,198 · fundraising $8,506

  • 13 · Office expenses

    total $5,011 · program services $2,784 · management and general $1,392 · fundraising $835

  • 14 · Information technology

    total $25,120 · program services $18,840 · fundraising $6,280

  • 16 · Occupancy

    total $9,389 · program services $7,042 · management and general $1,408 · fundraising $939

  • 17 · Travel

    total $10,240 · program services $5,120 · fundraising $5,120

  • 19 · Conferences, conventions and meetings

    total $5,886 · program services $1,138 · management and general $2,170 · fundraising $2,578

  • 20 · Interest

    total $1,984 · program services $1,488 · management and general $99 · fundraising $397

  • 22 · Depreciation, depletion and amortization

    total $11,082 · program services $8,311 · management and general $2,771

  • 23 · Insurance

    total $8,424 · program services $5,054 · management and general $1,685 · fundraising $1,685

  • 24a · Other expenses: Direct Program Expenses

    total $469,005 · program services $469,005

  • 24b · Other expenses: Dues and subsriptions

    total $10,480 · program services $7,860 · management and general $2,620

  • 24c · Other expenses: Misc expenses

    total $1,020 · program services $510 · management and general $255 · fundraising $255

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,032,859 · end of year $3,040,272

  • 2 · Savings and temporary cash investments

    beginning of year $153,108 · end of year $330,980

  • 4 · Accounts receivable

    beginning of year $5,000 · end of year $210,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $231,137 · end of year $22,038

  • 10a · Land, buildings and equipment: cost or other basis

    $57,868

  • 10b · Land, buildings and equipment: accumulated depreciation

    $43,009

  • 10c · Land, buildings and equipment, net

    beginning of year $24,431 · end of year $14,859

  • 15 · Other assets

    beginning of year $0 · end of year $500

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,967 · end of year $52,371

  • 18 · Grants payable

    beginning of year $200,000 · end of year $0

  • 19 · Deferred revenue

    beginning of year $789,207 · end of year $1,462,808

  • 27 · Net assets without donor restrictions

    beginning of year $1,977,861 · end of year $2,103,470

  • 28 · Net assets with donor restrictions

    beginning of year $456,500 · end of year $0

Mission and programs · 2024

Mission

To advance workforce and talent development within science, technology, engineering, and mathematics ("STEM") sectors by fostering excellence in education, expanding access to opportunities, and delivering transformative resources to empower underrepresented and underserved communities.

Activities or mission (Part I)

San Diego Squared is dedicated to advancing workforce development and talent development in STEM through four key areas of engagement. Firstly, our Community Activation initiative focuses on fostering a vibrant community that champions the belief that workforce diversity is integral to STEM. This is achieved through compelling storytelling, accessible on our website sd.org, and dynamic events such as our affinity dinners, ERG leaders' gatherings, and SD2 All Hands events. Secondly, our Squared Fellows Program offers a year-long mentorship-based experience for approximately 60 high school students from low-income and underrepresented backgrounds. This program connects them with STEM-driven companies, facilitates career exploration, and helps them envision their future roles in STEM. Thirdly, our Squared Scholars Program provides multi-year college scholarships to students from underrepresented backgrounds pursuing STEM degrees. This comprehensive program includes personalized 1:1 mentor

  • Squared Scholars: San Diego Squared invests directly in the success of underrepresented high school and college students and their educators. The Organization partners with innovative companies, foundations, and community leaders who take action and send a clear message: You belong in STEM. The Organization's scholarships are either direct financial support or pay for the fees to STEM-centered programs offered throughout San Diego County by one of the Organization's partners

    Expenses $658,355

  • Events: In partnership with other organizations, San Diego Squared hosts life science camps, coding camps, panel discussions, and other opportunities for students, educators, and their families to engage in STEM-related fields.

    Expenses $159,662

  • Squared FellowsA year long, rotation-based mentorship program for underrepresented high school 10th-12thgraders in San Diego County who are interested in STEM. In this immersive program, studentsconnect with a network of advocates and have front row access to some of San Diego's mostinnovative companies, all to help students design their unique roadmap to get where they want togo in STEM.

    Expenses $154,466 · Revenue $67,833

  • Squared Interns: Internships can provide a gateway to full-time employment in STEM-driven companies. The Organization has identified opportunities for interns and has recruited champions within some of San Diego County's most innovative companies that are ready to help interns succeed. San Diego Squared matches promising underrepresented undergraduate, graduate, and PhD students pursuing STEM-centered degrees to paid internships.STEM CapsulesThe San Diego Squared STEM Capsules are short videos that aim to build awareness,inspiration, and STEM representation for underrepresented students. Working in partnership witha video production company, the Organization created a display of videos highlighting committedSTEM professionals sharing their stories, challenges, and advice with the aim to strengthen theSTEM identity in students.SD2 Qtrly All HandsA quarterly event beginning in 2022 where San Diego Squared brings together students, parents,educators, STEM professionals, and student organizations to strengthen the community thatbelieves that diversity belongs in STEM. San Diego Squared shares best practices andopportunities for collaboration and champion thesuccesses throughout the community.

    Expenses $159,460 · Grants $120,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alexander Bolante

    Director

    Total calculated
    $0
    Hours/week
    0
  • Anne Marbarger

    Director

    Total calculated
    $0
    Hours/week
    0
  • Arvind Kush

    Director

    Total calculated
    $0
    Hours/week
    0
  • Bill Rastetter PhD

    Chairman

    Total calculated
    $0
    Hours/week
    0
  • carlos ramirez

    Director

    Total calculated
    $0
    Hours/week
    0
  • Chad Urie

    Director

    Total calculated
    $0
    Hours/week
    0
  • Charles Theuer MD PhD

    Director

    Total calculated
    $0
    Hours/week
    0
  • Darin Lippoldt

    Director

    Total calculated
    $0
    Hours/week
    0
  • Gentry Patrick PhD

    Director

    Total calculated
    $0
    Hours/week
    0
  • Julie Cooke

    Director

    Total calculated
    $0
    Hours/week
    0
  • Linda Sierra

    Director

    Total calculated
    $0
    Hours/week
    0
  • Mike Hird

    Director

    Total calculated
    $0
    Hours/week
    0
  • Pantea Khodami

    Director

    Total calculated
    $0
    Hours/week
    0
  • Patricia Leckman

    Director

    Total calculated
    $0
    Hours/week
    0
  • Paul Vaden

    Director

    Total calculated
    $0
    Hours/week
    0
  • Harid Puentes

    Co-Founder

    Total calculated
    $215,763
    From this org
    $215,763
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,763
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $215,763
  • Karmin Noar

    COO

    Total calculated
    $195,283
    From this org
    $195,283
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,283
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $195,283

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
Compensation of CEO is approved by the board of directors.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • Undergraduate scholarships to students participating in PATHways to STEM program at UC San Diego

Provenance

Return type
form_990
Tax year
2024
Filed
16 November 2025
IRS schema version
2024v5.2
Source object
202523219349305907

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