Form 990 for tax year 2023
Filed by BIO-MED SCIENCE ACADEMY STEM SCHOOL.
Totals
- Total revenue
- $12,239,015
- Total expenses
- $11,250,226
- Contributions and grants received
- $11,738,289
- Grants paid
- $0
- Program service revenue
- $156,748
- Investment income
- $299,239
- Other revenue
- $44,739
- Total assets, end of year
- $31,917,026
- Total liabilities, end of year
- $5,565,914
- Net assets or fund balances, end of year
- $26,351,112
- Program services expenses (Part IX)
- $11,250,226
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $11,250,226
Program services were 100.0% 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.
-
1e · Government grants (contributions)
$11,724,507
-
1f · All other contributions, gifts and grants
$13,782
-
2a · Program service revenue: Tuition and Fees
total $156,748 · related or exempt $156,748
-
3 · Investment income
total $299,239 · related or exempt $299,239
-
11a · Other revenue: Miscellaneous
total $44,739 · related or exempt $44,739
-
11e · Other revenue, total
$44,739
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $7,652,061 · program services $7,652,061
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $620,441 · program services $620,441
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $59,288 · program services $59,288
-
15 · Royalties
total $0
-
16 · Occupancy
total $580,866 · program services $580,866
-
17 · Travel
total $51,886 · program services $51,886
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $37,342 · program services $37,342
-
20 · Interest
total $109,585 · program services $109,585
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,333,105 · program services $1,333,105
-
23 · Insurance
total $0
-
24a · Other expenses: Material and Supplies
total $578,759 · program services $578,759
-
24b · Other expenses: Tuition
total $40,775 · program services $40,775
-
24c · Other expenses: Contracted craft or trade
total $81,850 · program services $81,850
-
24e · All other expenses
total $104,268 · program services $104,268
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,132,372 · end of year $7,475,805
-
3 · Pledges and grants receivable
beginning of year $58,347 · end of year $44,348
-
4 · Accounts receivable
beginning of year $27,579 · end of year $39,556
-
9 · Prepaid expenses and deferred charges
beginning of year $34,160 · end of year $32,046
-
10a · Land, buildings and equipment: cost or other basis
$28,428,010
-
10b · Land, buildings and equipment: accumulated depreciation
$4,102,739
-
10c · Land, buildings and equipment, net
beginning of year $25,509,131 · end of year $24,325,271
-
17 · Accounts payable and accrued expenses
beginning of year $125,478 · end of year $99,784
-
25 · Other liabilities
beginning of year $6,273,788 · end of year $5,466,130
-
27 · Net assets without donor restrictions
beginning of year $25,120,439 · end of year $26,228,222
-
28 · Net assets with donor restrictions
beginning of year $241,884 · end of year $122,890
Mission and programs · 2023
Mission
The Bio-Med Academy provides an innovative and progressive learning environment that cultivates academic excellence and rigor in science, technology, engineering, mathematics and medicine StemM disciplines while nurturing creativity, inventiveness and community in its school.
Activities or mission (Part I)
To provide an innovative and progressive learning environment with academic excellence and rigor in science, technology, engineering, mathematics and medicine StemM disciplines.
-
The Bio-Med Academy provides an innovative and progressive learning environment that cultivates academic excellence and rigor in science, technology, engineering, mathematics and medicine StemM disciplines while nurturing creativity, inventiveness and community in its students.
Expenses $11,250,226 · Revenue $12,239,015
As filed on the 2023 return.
Listed in Part VII
-
Stephanie Lammlein
Chief Administrative Officer
- Total calculated
- $132,662
- From this org
- $0
- From related orgs
- $132,662
- Other
- $0
- Hours/week
- 40
-
Larry Johnson
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Carlos Fuentes
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Thea Sears
Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Cailin Yeager
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Tammy Slusser
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Aaron Kurchev
President
- Total calculated
- $0
- Hours/week
- 2
-
Elizabeth Testa
Vice-President
- Total calculated
- $0
- Hours/week
- 2
-
Catherine Chudakoff
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Tammy Rizzo
Treasurer
- Total calculated
- $0
- Hours/week
- 10
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501339349303355
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