Midlands Stem Institute Inc

Organization Overview

Midlands Stem Institute Inc is located in Winnsboro, SC. The organization was established in 2014. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Midlands Stem Institute Inc employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midlands Stem Institute 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 06/2021, Midlands Stem Institute Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $2.5m during the year ending 06/2021. While expenses have increased by 10.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MIDLANDS STEM INSTITUTE OFFERS A UNIQUE OPPORTUNITY FOR STUDENTS TO EARN A HIGH QUALITY EDUCATION IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEM).

Describe the Organization's Program Activity:

Part 3 - Line 4a

MIDLANDS STEM INSTITUTE (MSI) OFFERS A UNIQUE OPPORTUNITY FOR STUDENTS TO OBTAIN A HIGH QUALITY EDUCATION IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEM). MSI IS A TUITION-FREE PUBLIC CHARTER SCHOOL AND OPENED IN AUGUST 2014. MSI'S MISSION IS TO PRODUCE ACADEMICALLY AND PHYSICALLY FIT STEM PROFICIENT STUDENTS. MSI OFFERS PARENTS AND GUARDIANS A CHOICE OF TRADITIONAL GRADE STRUCTURES OR MULTI-AGE LEARNING ENVIRONMENTS, AND THE OPTION OF FACE-TO-FACE OR ONLINE DISTANCE LEARNING. IN ADDITION TO PROVIDING AN ALTERNATIVE TO TRADITIONAL PUBLIC SCHOOL OR PRIVATE SCHOOL EDUCATIONAL OPTIONS, MSI SERVES KINDERGARTEN (AGE 5) STUDENTS THROUGH 11TH GRADE AND ADDS A GRADE EVERY YEAR UNTIL MATRICULATION AT 12TH GRADE. AT MSI, STUDENTS HAVE LEARNING OPPORTUNITIES THAT HELP THEM SET COURSES FOR PRODUCTIVE FUTURES. MSI'S GOAL IS TO PREPARE OUR YOUTH FOR THE FURTURE BY EQUIPPING THEM WITH THE SKILLS THEY NEED FOR GAINFUL EMPLOYMENT AND HEALTHY LIVES. STEM EDUCATION GOES WELL BEYOND TRADITIONAL SCHOOL CURRICULUM, AND OPENS AVENUES FOR STUDENTS IN A VARIETY OF FIELDS. STUDENTS AT MSI LEARN THROUGH ENGAGING AND CHALLENGING EXPERIENCES THAT FOCUS ON PROBLEM-SOLVING IN REAL WORLD SETTINGS. MSI'S HEALTH AND FITNESS PROGRAM FOCUSES ON PHYSICAL FITNESS, WELL-BEING, DIET, AND NUTRITION. MSI IS FOCUSED ON STEM EDUCATION, BUT ALSO PROVIDES SPANISH LANGUAGE INSTRUCTION, ART, MUSIC, SPORTS, CLUBS, AND CULTURAL EXPERIENCES.


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Board, Officers & Key Employees

Name (title)Compensation
Cynthia Prince
Executive Director
$93,306
Steven Gilchrist
Vice Chair
$0
Emily Estep
Secretary
$0
Dan Campbell
Treasurer
$0
Kevin Thomas
Board Chair
$0
Mark Johnston
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
West Electrical Contractors
Facility Work
$110,357
Rockton Baptist Church
Renting Facilites
$107,789
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,915,343
All other contributions, gifts, grants, and similar amounts not included above$408
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,915,751
Total Program Service Revenue$58,300
Investment income $21
Tax Exempt Bond Proceeds $0
Royalties $0
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 $0
Miscellaneous Revenue$0
Total Revenue $2,974,072

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