Stem Paths Innovation Network
- Assets
- $414.5k
- Revenue
- $708.9k
- Investments
- $0.0
- Employees
- 20
- Location
- Renton, WA
- Founding
- 12/2017
- Data as of
- 12/2022
- EIN
- 47-4188543
Organization Overview
Stem Paths Innovation Network, operating under the name Spin, is located in Renton, WA. The organization was established in 2017. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Spin employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spin 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, Spin generated $708.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 56.3% each year . All expenses for the organization totaled $705.1k during the year ending 12/2022. While expenses have increased by 52.5% per year over the past 5 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
STEM PATHS INNOVATION NETWORK (SPIN) PROVIDES LOW- OR NO-COST STEM PROGRAMMING AND MENTORS TO SCHOLARS OF COLOR AND GIRLS IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS AND ART FIELDS IN THE GREATER SEATTLE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPIN PARTNERED WITH OTHER NON-PROFITS AND THE CITY OF SEATTLE TO PROVIDE STEM ENRICHMENT CLASSES TO STUDENTS AT LOCAL ELEMENTARY AND MIDDLE SCHOOLS. SPIN PROVIDED SERVICES TO APPROXIMATELY 400 STUDENTS OF COLOR AND UNDERSERVED STUDENTS.
WITH PUBLIC FUNDING THROUGH KING COUNTY, SPIN PROVIDED THE SPIN GIRLS PROGRAM CONTINUES TO BUILD LEADERSHIP SKILLS AND PROVIDE IMMERSIVE STEM EXPERIENCES SPECIFICALLY FOR GIRLS OF COLOR. CLASSES WERE PROVIDED TO 56 8TH, 9TH AND 10TH GRADE GIRLS AND ALSO PAIRED THEM WITH PROFESSIONALS OF COLOR AS MENTORS. WITH PUBLIC FUNDING THROUGH CITY OF SEATTLE SPIN PROVIDED THE SPIN GIRLS CLUB PROGRAM TO INSPIRE STEM SCHOLARSHIP FOR GIRLS OF COLOR IN SEATTLE PUBLIC SCHOOLS. CLASSES WERE PROVIDED SERVED 84 STUDENTS FROM 6TH AND 7TH GRADES. WITH FUNDING FROM THE COLLEGE SUCCESS FOUNDATION, SPIN PROVIDED SPIN FELLOWS TO SUPPORT GIRLS TO SUCCEED IN PURSUING COLLEGE AND CAREER CREDENTIALS IN STEM. SUPPORT WAS PROVIDED TO 20 YOUNG WOMEN IN 11TH AND 12TH GRADES ACROSS KING COUNTY. WITH PUBLIC FUNDING FROM THE CITY OF SEATTLE, SPIN PROVIDED THE YOUNG ENTREPRENEUR PROJECT TO 18 STUDENTS IN 11TH AND 12TH GRADE AT CLEVELAND HIGH SCHOOL TO INCUBATE ENTREPRENEURSHIP AND SUPPORT STEM SKILL DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Madamba Co-Board Chairperson | OfficerTrustee | 1 | $0 |
Angela Templin Co-Board Chairperson | OfficerTrustee | 1 | $0 |
Shannon Oda Board Vice Chairperson | OfficerTrustee | 1 | $0 |
Liliana Ruiz Diaz Secretary | OfficerTrustee | 1 | $0 |
Eden Gebrestak Treasurer | OfficerTrustee | 1 | $0 |
Naima Abshir Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $296,303 |
| All other contributions, gifts, grants, and similar amounts not included above | $276,679 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $572,982 |
| Total Program Service Revenue | $135,871 |
| 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 | $708,853 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,123 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $168,131 |
| Compensation of current officers, directors, key employees. | $25,132 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $258,583 |
| Pension plan accruals and contributions | $4,069 |
| Other employee benefits | $9,558 |
| Payroll taxes | $36,311 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,700 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,493 |
| Advertising and promotion | $12,801 |
| Office expenses | $41,012 |
| Information technology | $23,947 |
| Royalties | $0 |
| Occupancy | $12,036 |
| Travel | $10,152 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,550 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,601 |
| All other expenses | $0 |
| Total functional expenses | $705,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,396 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $107 |
| Total assets | $414,503 |
| Accounts payable and accrued expenses | $5,775 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,069 |
| Total liabilities | $17,844 |
| Net assets without donor restrictions | $387,758 |
| Net assets with donor restrictions | $8,901 |
| 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 | $414,503 |