Stem Academy Inc
- Assets
- $1.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Brookfield, WI
- Founding
- 10/2011
- Data as of
- 12/2022
- EIN
- 27-2390050
Organization Overview
Stem Academy Inc is located in Brookfield, WI. The organization was established in 2011. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 12/2022, Stem Academy Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stem Academy Inc 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 12/2022, Stem Academy Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $384.0k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OBTAIN LEADERSHIP IN STEM LITERACY BY CULTIVATING A PROFESSIONAL LEARNING ENVIRONMENT THAT CONTINUOUSLY IMPROVES CUSTOMER SERVICE, EXPLORES INNOVATIVE IDEAS, INCREASES PRE K-16 OPPORTUNITIES AND POINTS OF CONTACT, PUSHING A FULL GENERATION OF LEARNERS TO FILL CRITICAL VOIDS IN NATIONAL STEM CAREER FIELD PROJECTIONS; RESULTING IN AN INCREASED COLLNORATION OF STEM CONTRIBUTORS, A STEM LITERATE CITIZENRY AND ONGOING PROFESSIONAL OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED CURRICULUM MATERIALS AND RESOURCES TO K-12 STUDENTS IN ORDER TO PROMOTE STEM LITERACY AND DEVELOPED ENTRY-LEVEL EMPLOYMENT TRAINING PROGRAMS FOR CORPORATIONS AND GOVERNMENT AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Gutschow President And CEO | OfficerTrustee | 1 | $0 |
Joseph Patrick Board Member | Trustee | 1 | $0 |
Al Gomez Non-Voting Board Member | Trustee | 60 | $177,500 |
Carlos Medina Board Member | Trustee | 1 | $0 |
Khalil Jackson Vice President | Officer | 1 | $0 |
Bryan D Albrecht Secretary/treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,660 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,302 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,962 |
| Total Program Service Revenue | $104,319 |
| Investment income | $46 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,722 |
| 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 | $905,224 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,179,273 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,533 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,514 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,322 |
| 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 | $66,051 |
| Advertising and promotion | $3,465 |
| Office expenses | $16,122 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,276 |
| Travel | $21,122 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $84 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,195 |
| All other expenses | $2,531 |
| Total functional expenses | $384,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,026,300 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $292,572 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $275,462 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,410 |
| Total assets | $1,693,744 |
| Accounts payable and accrued expenses | $8,259 |
| 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 | $142,849 |
| Total liabilities | $151,108 |
| Net assets without donor restrictions | $1,542,636 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,693,744 |