Stem Hq Inc
- Assets
- $12.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 41
- Location
- Delray Beach, FL
- Founding
- 09/2013
- Data as of
- 12/2021
- EIN
- 46-2516444
Organization Overview
Stem Hq Inc, operating under the name Tech Garage, is located in Delray Beach, FL. The organization was established in 2013. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Tech Garage employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tech Garage 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, Tech Garage generated $24.1k 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 (23.5%) each year. All expenses for the organization totaled $69.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
COVID PANDEMIC HIT OUR ORGANIZATION HARD, WE HAD TO REGROUP AS OUR ROBOTICS PROGRAMS WERE SHUTDOWN DURING PANDEMIC WE CONTINUED OUR PROGRAMS AT REDUCED CAPACITY WE STARTED PROJECTHIFI. HTTPS://PROJECTHIFI.ORG/ INSTALL CAT6 ETHERNET CABLE TO EVERY RESIDENT IN LOW INCOME COMMUNITIES ALLOWING FOR 1 GIGABIT WORLD-CLASS INTERNET CONNECTION HIRE AND TRAIN THE SMARTPHONE GENERATION FROM THE COMMUNITY TO BUILD OUT THE NEIGHBORHOOD HIGH-SPEED INTERNET NETWORK AND PROVIDE LONG TERM TECHNICAL SUPPORT SERVICES ESTABLISH A SCALABLE MODEL THAT CAN BE REPLICATED IN OTHER COMMUNITIES WITH THE GOAL OF CREATING ECONOMIC AND ENTREPRENEURSHIP OPPORTUNITIES FOR THE NEXT GENERATION OF TECHNOLOGY WORKERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vladimir Safin Director | 5 | $0 | |
Homer Willis Director | 20 | $0 | |
Frank Dickinson Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $24,116 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $24,117 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $7,187 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $62,732 |
| Total expenses | $69,919 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $12,694 |
| Total liabilities | $37,516 |
| Net assets or fund balances | -$24,822 |