Stem Forward Inc
- Assets
- $436.0k
- Revenue
- $319.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Milwaukee, WI
- Founding
- 11/1993
- Data as of
- 06/2022
- EIN
- 39-0854863
Organization Overview
Stem Forward Inc is located in Milwaukee, WI. The organization was established in 1993. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 06/2022, Stem Forward Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stem Forward 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 06/2022, Stem Forward Inc generated $319.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $267.2k during the year ending 06/2022. 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 PROMOTE THE ADVANCEMENT OF ENGINEERING AND ALLIED ARTS AND SCIENCES, TO PROMOTE THE PROFESSIONAL DEVELOPMENT OF INDIVIDUALS INTERESTED THEREIN, AND TO ENCOURAGE THE APPLICATION OF THESE ARTS AND SCIENCES TO BENEFIT THE COMMUNITY INTERESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STEM OUTREACH - PROMOTE OCCUPATIONS AND OPPORTUNITIES WITHIN THE FIELDS OF ENGINEERING AND SCIENCE.
EDUCATION INITIATIVE - DIRECT MANAGEMENT OF STEM OUTREACH ACTIVITIES AND PROGRAMS WITH A SPECIAL EMPHASIS ON CONNECTING STUDENTS WITH STEM PROFESSIONALS.
EVENTS - ORGANIZING AND HOSTING VARIOUS COMPETITIONS IN THE SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS DISCIPLINES, INCLUDING REGIONAL AND NATIONAL RUBE GOLDBERG COMPETITIONS AND FUTURE CITY COMPETITION.
VARIOUS OTHER STEM PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Merkel Executive Director | Officer | 40 | $101,469 |
Shalini Badhwar President | OfficerTrustee | 1 | $0 |
Daniel Ark President Elect | OfficerTrustee | 1 | $0 |
Dale Held Vice President | OfficerTrustee | 1 | $0 |
Greg Schroeder Past President | OfficerTrustee | 1 | $0 |
Matt Hensgen Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $67,657 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $178,870 |
| Noncash contributions included in lines 1a–1f | $2,557 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $246,527 |
| Total Program Service Revenue | $91,921 |
| Investment income | $128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$29,654 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $319,609 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $22,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,197 |
| Compensation of current officers, directors, key employees. | $28,893 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,438 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,684 |
| Advertising and promotion | $0 |
| Office expenses | $5,102 |
| Information technology | $4,313 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $225 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $475 |
| All other expenses | $0 |
| Total functional expenses | $267,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,093 |
| Savings and temporary cash investments | $129,574 |
| Pledges and grants receivable | $16,311 |
| 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 | $2,979 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $435,957 |
| Accounts payable and accrued expenses | $40,744 |
| 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 | $40,744 |
| Net assets without donor restrictions | $360,175 |
| Net assets with donor restrictions | $35,038 |
| 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 | $435,957 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Stem Forward Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Gardner Foundation Milwaukee, WI PURPOSE: OPERATING EXPENSES | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Housing Resources Inc Kalamazoo, MI | $11,093,824 | $28,113,535 |
Society Of Tribologists & Lubrication Engineers Park Ridge, IL | $4,873,224 | $2,939,848 |
Lake Michigan Air Director Corsortium Hillside, IL | $327,093 | $1,851,632 |
Fox-Wolf Watershed Alliance Inc Appleton, WI | $800,245 | $1,535,506 |
Iowa Association Of Soil Conservation District Commission Des Moines, IA | $294,043 | $1,193,352 |
Minnesota A-A-E Duluth, MN | $293,131 | $952,338 |
Council For Agricultural Science And Technology Ames, IA | $1,145,971 | $794,483 |
National Association Of Rocketry Marion, IA | $328,509 | $639,191 |
American Society Of Andrology East Dundee, IL | $1,585,027 | $299,034 |
Association For Chemoreception Sciences Glenview, IL | $420,190 | $324,574 |
Mrens Nfp Lagrange, IL | $195,097 | $498,010 |
Opportunities In Science Inc Bemidji, MN | $579,523 | $372,760 |