Stem Preparatory Academy
- Assets
- $14.2m
- Revenue
- $17.0m
- Investments
- $0.0
- Employees
- 135
- Location
- Nashville, TN
- Founding
- 08/2010
- Data as of
- 06/2021
- EIN
- 27-2163445
Organization Overview
Stem Preparatory Academy is located in Nashville, TN. The organization was established in 2010. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Stem Preparatory Academy employed 135 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stem Preparatory Academy 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, Stem Preparatory Academy generated $17.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $11.7m during the year ending 06/2021. While expenses have increased by 13.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
TO PROVIDE A COLLEGE PREPARATORY EDUCATION WITH AN INTEGRATED FOCUS ON SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS, TO FIFTH THROUGH TWELFTH GRADE STUDENTS IN SOUTH NASHVILLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, STEM CELEBRATED ITS TENTH ANNIVERSARY OF SERVING THE FAMILIES OF THE SOUTH NASHVILLE COMMUNITY. THOUGH MUCH HAS CHANGED SINCE THE INAUGURAL YEAR, OUR COMMITMENT TO OUR STUDENTS AND THEIR FAMILIES CONTINUES TO PERSIST. STEM SERVES A UNIQUE, HIGHLY DIVERSE POPULATION AND HAS ESTABLISHED A TRACK RECORD OF OUTSTANDING ACADEMIC RESULTS, ACHIEVED WITH UNMATCHED FISCAL EFFICIENCY. STEM CONTINUES TO OUTPERFORM PEER SCHOOLS THROUGHOUT THE STATE ACROSS ALL SUBJECT AREAS.SINCE ITS INCEPTION, STEM HAS ACCOUNTED FOR 100% OF THE "EXCELLING" SEATS IN THE CLUSTER, AS DETERMINED BY THE SCHOOL DISTRICT'S ACADEMIC PERFORMANCE FRAMEWORK. MOREOVER, ENGLISH LEARNERS ACHIEVE LANGUAGE PROFICIENCY ON AVERAGE IN ONE TO TWO YEARS AT STEM, COMPARED TO FIVE TO SEVEN YEARS IN DISTRICT EL PROGRAMS.FOR MORE INFORMATION REGARDING STEM PREP'S 2021 ACADEMIC ACCOMPLISHMENTS, PLEASE CONTACT THE SCHOOL'S EXECUTIVE DIRECTOR, DR. KRISTIN MCGRANER, AT THE ADDRESS OR TELEPHONE NUMBER STATED ON PAGE 1 OF THE FORM 990.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Kristin Mcgraner Executive Director | Officer | 40 | $147,200 |
Marty Szeigis Board Chair | OfficerTrustee | 2 | $0 |
Marees Choppin Treasurer | OfficerTrustee | 2 | $0 |
Dr Julie Hudson Secretary | OfficerTrustee | 2 | $0 |
Mohammed Shukri Board Director | Trustee | 2 | $0 |
Dr Marilyn Odom Board Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Transpar Group Inc Transportation Services | 6/29/21 | $672,079 |
Technology Lab Technology Support | 6/29/21 | $451,075 |
School Facility Management Llc Temporary Building | 6/29/21 | $326,436 |
Family And Children Services Contracted Services | 6/29/21 | $183,600 |
Servicefm Llc Contracted Services | 6/29/21 | $194,791 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,786,280 |
| All other contributions, gifts, grants, and similar amounts not included above | $174,094 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,960,374 |
| Total Program Service Revenue | $37,423 |
| 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 | $16,997,797 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $147,200 |
| Compensation of current officers, directors, key employees. | $27,402 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,910,855 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $77,418 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $868,959 |
| Advertising and promotion | $0 |
| Office expenses | $207,103 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $817,845 |
| Travel | $869,827 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $255,722 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,143,044 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $11,749,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,955,874 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,019,252 |
| 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 | $1,674,234 |
| Net Land, buildings, and equipment | $6,268,725 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $243,632 |
| Total assets | $14,161,717 |
| Accounts payable and accrued expenses | $348,518 |
| Grants payable | $0 |
| Deferred revenue | $249,158 |
| 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 | $4,619,945 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,426,894 |
| Total liabilities | $6,644,515 |
| Net assets without donor restrictions | $6,204,320 |
| Net assets with donor restrictions | $1,312,882 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,161,717 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Stem Preparatory Academy has recieved totaling $260,000.
| Awarding Organization | Amount |
|---|---|
Scarlett Family Foundation Nashville, TN PURPOSE: SUPPORT FOR SCHOOL COUNSELORS | $160,000 |
Scarlett Family Foundation Nashville, TN PURPOSE: SUPPORT FOR SCHOOL COUNSELORS | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Drew Charter School Inc Atlanta, GA | $34,692,137 | $41,952,542 |
North Carolina Charter Educational Foundation Inc Mooresville, NC | $93,431,533 | $35,029,413 |
Lead Public Schools Inc Nashville, TN | $24,033,254 | $42,742,487 |
Kipp Nashville Nashville, TN | $80,824,528 | $47,985,945 |
Georgia Connections Academy Charter School Inc Duluth, GA | $22,514,475 | $38,349,918 |
Arkansas Virtual Academy Little Rock, AR | $3,075,159 | $27,721,037 |
Kindezi School Inc Atlanta, GA | $19,750,427 | $21,363,051 |
Kipp Enc Public Schools Gaston, NC | $35,993,575 | $43,410,261 |
Gestalt Community Schools Memphis, TN | $46,137,229 | $27,266,737 |
Foothills Education Center Inc Athens, GA | $29,237,884 | $30,776,964 |
Kipp Memphis Inc Memphis, TN | $24,468,081 | $25,479,805 |
Valor Collegiate Academies Nashville, TN | $48,008,126 | $29,376,935 |