Inner Banks Stem Center
- Assets
- $596.5k
- Revenue
- $208.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, NC
- Founding
- 10/2015
- Data as of
- 12/2023
- EIN
- 45-5501690
Organization Overview
Inner Banks Stem Center is located in Washington, NC. The organization was established in 2015. According to its NTEE Classification (I21) the organization is classified as: Youth Violence Prevention, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inner Banks Stem Center 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 12/2023, Inner Banks Stem Center generated $208.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $127.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.0%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE INNER BANKS STEM CENTER'S PRIMARY GOAL IS TO CREATE A SUSTAINABLE AND INNOVATIVE SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM) SCIENCE ENRICHMENT PROGRAM WITH A FOCUS ON REACHING AT-RISK UNDER-REPRESENTED 5TH-9TH GRADE STUDENTS TO HELP PREPARE THEM FOR 21ST CENTURY STEM CAREERS. STUDENTS ARE RECRUITED FOR THE PROGRAMS REGARDLESS OF RACE, SEX, GENDER, OR RELIGION. HOWEVER, A PRIORITY IS PLACED ON ATTRACTING STUDENTS WHO ARE FACING SOCIO-ECONOMIC/FINANCIAL CHALLENGES (AT-RISK YOUTH) SUCH AS BLACKS, MINORITIES, FEMALES, AND YOUTH FROM UNDER-REPRESENTED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIVE 18-HOUR DRONE MOBILE AVIATION CAREER EDUCATION (ACE) MINI-CAMPS WERE CONDUCTED DURING THE SUMMER AS PART OF OUR COMMUNITY OUTREACH INITIATIVE. THESE CAMPS WERE CONDUCTED IN PARTNERSHIP WITH THE BEAUFORT COUNTY COMMUNITY COLLEGE (BCCC) FOUNDATION AND ADVERTISED IN THE BCCC SPRING CATALOG.
CONDUCTED A SUMMER BOATING CAMP FOR APPROXIMATELY TWENTY DISADVANTAGED MIDDLE SCHOOL YOUTH THAT FOCUSED ON STEM CONCEPTS, LIFE SKILLS, AND CAREER OPPORTUNITIES AND OPTIONS.
CONDUCTED A THREE-WEEK RENEWABLE ENERGY SOURCES CAMP WITH A STEM AND CAREER FOCUS WITH THE OPTION FOR THE STUDENTS TO LEARN TO SAIL VIA OUR PARTNERSHIP WITH THE LITTLE WASHINGTON SAILING SCHOOL.
CONDUCTED AN AVIATION SUMMER CAMP FOR APPROXIMATELY TWENTY DISADVANTAGED MIDDLE SCHOOL YOUTH THAT FOCUSED ON STEM CONCEPTS, LIFE SKILLS, AND CAREER OPPORTUNITIES AND OPTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alvin Powell President | Officer | 40 | $6,625 |
Evan Lewis Board Member | Trustee | 15 | $0 |
David Loope Board Member | Trustee | 5 | $0 |
Watsi Sutton Board Member | Trustee | 5 | $0 |
Stacy Drakeford Board Member | Trustee | 5 | $0 |
Priscilla Johnson Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $188,597 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $198,597 |
| Total Program Service Revenue | $0 |
| 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 | $10,299 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $208,896 |
| 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. | $24,245 |
| Compensation of current officers, directors, key employees. | $24,245 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $350 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $103 |
| 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 | $0 |
| Advertising and promotion | $704 |
| Office expenses | $8,538 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,412 |
| Travel | $3,998 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $481 |
| Interest | $1,328 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,224 |
| All other expenses | $35,213 |
| Total functional expenses | $127,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,454 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $50 |
| 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 |
| Net Land, buildings, and equipment | $437,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $596,504 |
| Accounts payable and accrued expenses | $0 |
| 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 | $29,496 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $29,496 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $130,008 |
| Paid-in or capital surplus, or land, building, or equipment fund | $437,000 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $596,504 |