Stem Academy Inc
- Assets
- $965.9k
- Revenue
- $785.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Brookfield, WI
- Founding
- 10/2011
- Data as of
- 12/2021
- 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 12/2021, Stem Academy Inc employed 2 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 12/2021, Stem Academy Inc generated $785.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $455.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.4%) per year over the past 7 years. 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 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 |
|---|---|---|---|
Al Gomez Non-Voting Board Member | Trustee | 60 | $177,500 |
Bryan D Albrecht Secretary/treasurer | Officer | 1 | $0 |
Khalil Jackson Vice President | Officer | 1 | $0 |
Scott Gutschow Board Member | Trustee | 1 | $0 |
Joseph Patrick Board Member | Trustee | 1 | $0 |
Carlos Medina Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,601 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,601 |
| Total Program Service Revenue | $0 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,896 |
| 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 | $748,204 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $785,708 |
| 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. | $177,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,198 |
| Payroll taxes | $17,381 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,064 |
| 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 | $54,113 |
| Advertising and promotion | $1,333 |
| Office expenses | $34,565 |
| Information technology | $0 |
| Royalties | $1,572 |
| Occupancy | $1,808 |
| Travel | $11,343 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $184 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $199 |
| Insurance | $2,029 |
| All other expenses | $1,033 |
| Total functional expenses | $455,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $656,909 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $178,090 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,500 |
| 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 | $965,909 |
| Accounts payable and accrued expenses | $28,953 |
| 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 | $189,560 |
| Total liabilities | $218,513 |
| Net assets without donor restrictions | $747,396 |
| 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 | $965,909 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Stem Academy Inc has recieved totaling $10,025.
| Awarding Organization | Amount |
|---|---|
Learn Fresh Education Co Denver, CO PURPOSE: TO FUND STEM EDUCATION AND INFRASTRUCTURE PROJECTS IN THE RESPECTIVE SCHOOLS, INCLUDING THE PURCHASE OF TECHNOLOGY, CURRICULUM MATERIALS, AND SPACE REFURBISHMENT. | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For The International Education Of Students Chicago, IL | $83,294,554 | $91,386,482 |
Ecmc Education Inc Minneapolis, MN | $8,920,568 | $59,276,530 |
Higher Learning Commission Chicago, IL | $30,215,357 | $14,566,348 |
Best Academy Inc Minneapolis, MN | $10,985,443 | $14,343,198 |
Lincoln Christian University Lincoln, IL | $26,403,234 | $11,063,987 |
Leech Lake Tribal College Cass Lake, MN | $13,791,510 | $6,377,712 |
Puritan Reformed Theological Seminary Grand Rapids, MI | $13,368,431 | $7,247,093 |
Wisconsin Association Of Independent Colleges And Universit Madison, WI | $20,602,047 | $4,896,137 |
Institute For American Universities Batavia, IL | $0 | $2,168,286 |
Ascendium Education Group Inc Madison, WI | $2,297,580,826 | $30,305,077 |
Illini Media Company Champaign, IL | $660,510 | $954,260 |
Grand Valley University Foundation Allendale, MI | $3,517,597 | $1,567,995 |