Out In Science Technology Engineering & Mathematics Incorpor
- Assets
- $1.0m
- Revenue
- $661.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Grandville, MI
- Founding
- 11/2010
- Data as of
- 06/2021
- EIN
- 27-1204776
Organization Overview
Out In Science Technology Engineering & Mathematics Incorpor, operating under the name oSTEM, is located in Grandville, MI. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. oSTEM is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, oSTEM generated $661.3k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $252.6k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OSTEM EMPOWERS LGBTQ PEOPLE IN STEM TO SUCCESS PERSONALLY ACAD EMICALLY PROFESSIONALLY BY CULTIVATING ENVIRONMENTS COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONFERENCE & PROFESSIONAL DEVELOPMENT SUMMIT THE ANNUAL CONFERENCE BRINGS TOGETHER STUDENTS AND PROFESSIONALS FROM ACROSS THE COUNTRY. THE CONFERENCE IS THE ORGANIZATION'S PREMIER EVENT WHERE WE BRING TOGETHER STUDENTS AND PROFESSIONALS FOR CAREER, LEADERSHIP, PROFESSIONAL DEVELOPMENT OF ALL OF OUR OSTEM MEMBERS. THE 2020 FALL CONFERENCE WAS ATTENDED BY 881 STUDENTS, 372 PROFESSIONALS AND 90 SPONSORS AND STAFF MEMBERS.
QUEER IN ARTIFICIAL INTELLIGIENCE (AI) CONFERENCE WORKSHOPS HELD AT THE CONFERENCE FOR NEURAL INFORMATION PROCESSING SYSTEMS, WHICH BRINGS TOGETHER LGBTQ-IDENTIFYING AI SCIENTISTS TO TALK ABOUT THEIR IDENTITY AND PROMOTE INCLUSIVE SPACES IN AI.
CHAPTER & INDIVIDUAL SUPPORT THE ORGANIZATION PROVIDES SUPPORT TO OSTEM CHAPTERS AT UNIVERSITIES AND COLLEGES ACROSS THE COUNTRY AS WELL AS INDIVIDUALS FURTHERING THEIR EDUCATION. THE FUNDING IS USED TO SUPPORT THE INDIVIDUAL OSTEM CHAPTERS AT EACH COLLEGE/UNIVERSITY TO FURTHER THE ORGANIZATION'S MISSION AT A LOCAL LEVEL. INDIVIDUALS ARE SUPPORTED WITH FUNDS TO OFFSET APPLICATION FEES FOR GRADUATION PROGRAMS. GRANTS WERE PAID TO A TOTAL OF 57 RECIPIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Beau Williams Presindent | OfficerTrustee | $0 | |
Matthew Welmers VP Of Projects Progr | OfficerTrustee | $0 | |
William Agnew VP Of Ext Stem Partner | OfficerTrustee | $0 | |
Janine Vanniekerk VP Of Marketing Comm | OfficerTrustee | $0 | |
Aj Bryant VP Of Idea | OfficerTrustee | $0 | |
William Harrer VP Of Membership | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $658,347 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $661,281 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $23,415 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $47,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,722 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,634 |
| Advertising and promotion | $7,727 |
| Office expenses | $3,443 |
| Information technology | $11,627 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,245 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $102,175 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,093 |
| All other expenses | $0 |
| Total functional expenses | $252,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,002,785 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,002,785 |
| Accounts payable and accrued expenses | $5,507 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,507 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $997,278 |