Center For The Innovative Training Of Youth Inc
- Assets
- $3.4m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 79
- Location
- New Orleans, LA
- Founding
- 03/2014
- Data as of
- 12/2022
- EIN
- 46-4516976
Organization Overview
Center For The Innovative Training Of Youth Inc, operating under the name Stem Nola, is located in New Orleans, LA. The organization was established in 2014. 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 12/2022, Stem Nola employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stem Nola 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 12/2022, Stem Nola generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 43.7% each year . All expenses for the organization totaled $4.8m during the year ending 12/2022. While expenses have increased by 47.2% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SCIENCE, TECHNOLOGY, ENGINEERING AND MATH(STEM)EDUCATION TO UNDER SERVED YOUTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEPARTMENT OF DEFENSE - STEM NOLA PROVIDED HANDS-ON STEM EXPOSURE, LEARNING, AND EARLY CAREER DEVELOPMENT ACTIVITIES TO MILITARY-CONNECTED CHILDREN AND THEIR FAMILIES WHILE BUILDING A COMPREHENSIVE STEM LEARNING ECOSYSTEM IN CERTAIN AREAS; OUR MAJOR GOALS FOCUSED ON (1) CONTINUING ESTABLISHING MILITARY CONTACTS IN SERVICE AREAS, (2) CONNECTING WITH SCHOOL BOARDS THROUGH MILITARY CONTACTS, (3) KIT DISTRIBUTION, (4) OPERATION LOGISTICS AND LOCATIONS, (5) STEM-FOCUSED SUMMER CAMPS. WE ARE ACTIVELY ACCOMPLISHING ALL AREAS WITH A TOTAL OF 2,998 PARTICIPANTS.
SCIENCE, TECHNOLOGY, ENGINEERING AND MATH EDUCATION (STEM) PROVIDED TO UNDERSERVED YOUTH.
JEFFERSON PARISH SCHOOLS - 3,371 STUDENTS PARTICIPATED IN STEM NOLA'S HANDS-ON, INQUIRY-BASED ACTIVATES AND EVENTS DESIGNED TO SUPPLEMENT STEM CURRICULUM REQUIREMENTS AT EVERY GRADE LEVEL, AS WELL AS TEACHER DEVELOPMENT PACKAGES. STUDENTS HAD THE OPPORTUNITY TO LEARN BY ASKING QUESTIONS, OBSERVING DEMONSTRATIONS COMPLETING EXPERIMENTS, BUILDING KITS AND ENGAGING IN EXCITING COLLABORATIVE PROJECTS.
21ST CCLC - PROVIDED ACADEMIC ENRICHMENT OPPORTUNITIES FOR 378 CHILDREN ATTENDING LOW PERFORMING SCHOOLS THROUGH THE CREATION OF A COMMUNITY LEARNING CENTER FOR THE PURPOSE OF ASSISTING STUDENTS IN MEETING STATE AND LOCAL ACADEMIC ACHIEVEMENT STANDARDS IN CORE ACADEMIC SUBJECT AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Calvin Mackie Exec Director And Founder | Officer | 40 | $325,716 |
Lawrence Jackson Special Asst To The CEO | 40 | $135,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,018,108 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,086,820 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,104,928 |
| Total Program Service Revenue | $1,500,194 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,605,122 |
| 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. | $450,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,776,439 |
| Pension plan accruals and contributions | $44,035 |
| Other employee benefits | $95,639 |
| Payroll taxes | $185,795 |
| Fees for services: Management | $232,903 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $90,974 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $543,013 |
| Advertising and promotion | $180,904 |
| Office expenses | $78,191 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $113,329 |
| Travel | $129,585 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,498 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $28,568 |
| All other expenses | $91,355 |
| Total functional expenses | $4,779,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $353,585 |
| Savings and temporary cash investments | $732,286 |
| Pledges and grants receivable | $643,520 |
| 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 | $1,695,266 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,424,657 |
| Accounts payable and accrued expenses | $41,893 |
| 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 | $200,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $241,893 |
| Net assets without donor restrictions | $1,651,571 |
| Net assets with donor restrictions | $1,531,193 |
| 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 | $3,424,657 |