Totals
- Total revenue
- $237,796
- Total expenses
- $200,113
- Contributions and grants received
- $234,693
- Grants paid
- $0
- Program service revenue
- $3,000
- Investment income
- $103
- Other revenue
- $0
- Total assets, end of year
- $93,371
- Total liabilities, end of year
- $24,329
- Net assets or fund balances, end of year
- $69,042
- Program services expenses (Part IX)
- $130,036
- Management and general expenses
- $51,903
- Fundraising expenses
- $18,174
- Program service expenses (Part III)
- $130,035
Program services were 65.0% 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)
$107,943
-
1f · All other contributions, gifts and grants
$126,750
-
2a · Program service revenue: Community Outreach
total $3,000 · related or exempt $3,000
-
3 · Investment income
total $103 · related or exempt $103
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $1,950 · management and general $1,950
-
11b · Fees: legal
total $3,600 · management and general $3,600
-
11g · Fees: other
total $179,470 · program services $129,169 · management and general $32,994 · fundraising $17,307
-
12 · Advertising and promotion
total $2,601 · program services $867 · management and general $867 · fundraising $867
-
13 · Office expenses
total $371 · management and general $371
-
14 · Information technology
total $261 · management and general $261
-
16 · Occupancy
total $5,990 · management and general $5,990
-
17 · Travel
total $1,723 · management and general $1,723
-
23 · Insurance
total $2,656 · management and general $2,656
-
24a · Other expenses: Other Misc Expenses
total $631 · management and general $631
-
24b · Other expenses: Bank Charges
total $260 · management and general $260
-
24c · Other expenses: Taxes and Licensing
total $600 · management and general $600
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1 · end of year $79,087
-
5 · Loans and receivables from officers and key people
beginning of year $31,358 · end of year $14,284
-
23 · Secured mortgages and notes payable
end of year $24,329
-
27 · Net assets without donor restrictions
beginning of year $31,359 · end of year $69,042
Mission and programs · 2022
Mission
Stemtac Foundation supports STEM education and career development as well as entrepreneurship, business development and social justice.
Activities or mission (Part I)
Stemtac Foundation supports STEM education and career development as well as entrepreneurship business development and social justice
-
The education to employment pipeline program delivered STEM education and enrichment support services to hundreds of student scholars and families within the greater Seattle metropolitan area.
Expenses $130,035 · Revenue $234,693
As filed on the 2022 return.
Listed in Part VII
-
Albert HerronALBERT HERRON
Executive Director
- Total calculated
- $0
- Hours/week
- 15
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
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303199349332470
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