Stem Advancement Inc
- Assets
- $44.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pinola, MS
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-5177425
Organization Overview
Stem Advancement Inc is located in Pinola, MS. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stem Advancement 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 12/2023, Stem Advancement Inc generated $162.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $135.9k during the year ending 12/2023. While expenses have increased by 4.7% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TEACHING UPWARDS OF OVER 415 DISADVANTAGED CHILDREN IN RURAL MISSISSIPPI STEM (SCIENCE, TECHNOLOGY, ENGINEERING, MATH) THROUGH ROBOTICS. THE ORGANIZATION WORKS THROUGH ESTABLISHED MINISTRIES AND SCHOOLS. IN ADDITION THE ORGANIZATION SPONSORS ONE STATEWIDE COMPETITION, STEM CAMPS FOR CHILDREN, AND TEACHER TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Holt Director | 40 | $46,045 | |
Amber Coeur President | 0 | $0 | |
Debra Raddin Director | 2 | $0 | |
Jason Derryberry Director | 0 | $0 | |
Dr Scottye Holloway Director | 0 | $0 | |
Charles Kanoy Director/cha | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,328 |
| Total Program Service Revenue | $35,429 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $162,757 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $50,107 |
| Professional fees and other payments to independent contractors | $2,042 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $95 |
| Other expenses | $83,657 |
| Total expenses | $135,901 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $40,901 |
| Other assets | $0 |
| Total assets | $44,615 |
| Total liabilities | $676 |
| Net assets or fund balances | $43,939 |