Utah Stem Foundation Inc
- Assets
- $1.5m
- Revenue
- $603.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Salt Lake City, UT
- Founding
- 05/2017
- Data as of
- 06/2022
- EIN
- 81-3451795
Organization Overview
Utah Stem Foundation Inc is located in Salt Lake City, UT. 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 06/2022, Utah Stem Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utah Stem Foundation 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 06/2022, Utah Stem Foundation Inc generated $603.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.2% each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING ECONOMIC PROSPERITY BY ASSISTING THE UTAH STEM ACTION CENTER TO BUILD INDUSTRY CONNECTIONS AND PROVIDE STEM RESOURCES TO THE STATE OF UTAH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UTAH STEM BUS PROGRAM RECEIVED CONTINUTED SUPPORT FOR YEAR FIVE OF THE FIVE-YEAR GRANT, WHICH WILL PROVIDE CONTINUED SUSTAINABILITY OF THE PROGRAM, INCLUDING FUNDING FOR STAFFING NEEDS AND EQUIPMENT. THE STAFF DRIVE THE BUS TO SCHOOLS IN UTAH TO PROVIDE HANDS-ON STEM INSTRUCTION. WE CONTINUE TO HAVE A WAITING LIST OF OVER 100 SCHOOLS THAT ARE WAITING TO RECEIVE THE STEM BUS TO COME AND INSTRUCT AT THEIR SCHOOL.
THE UTAH STEM FOUNDATION CREATED AN ENTREPRENEURIAL CHALLENGE FOR GIRLS WHO CODE (GWC) CLUBS IN UTAH. THIS CHALLENGE IS AN EFFORT TO SUPPORT GIRLS IN CODING AND BRIDGE THE GENDER GAP IN CAREERS. AWARDS ARE GIVEN ON AN ANNUAL BASIS IN THE FORM OF FUNDING THROUGH DONATIONS OF VARIOUS CORPORATE PARTNERS. THESE AWARDS ARE FOR MARKETABLE, SUSTAINABLE, CREATIVE PROJECTS CREATED THROUGH THE GWC CURRICULUM. AWARDS ARE ALSO GIVEN TO PEER MENTORS AND FACILITATORS THAT GO ABOVE AND BEYOND WITH THEIR CLUB MENTORING ABILITIES, AND AWARDS ARE ALSO GIVEN FOR ESSAY CHALLENGES FROM 3-5 GRADE CLUB MEMBERS WHO READ THE GWC BOOK. THE FUNDING AWARDED WILL BE USED TO ENHANCE MORE STEM RELATED ACTIVITIES AND EQUIPMENT FOR THE GIRLS INVOLVED IN GWC. THE AWARDS ARE PRESENTED AT AN ANNUAL CEREMONY HELD AT THE END OF THE GWC CLUB FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Spencer Ex-Officio Member/staff | Trustee | 15 | $0 |
Angela Mastaloudis Board Member | Trustee | 1 | $0 |
Brad Schafer Board Member | Trustee | 1 | $0 |
Brian Parker Board Member | Trustee | 1 | $0 |
Shon Hender Board Member | Trustee | 1 | $0 |
Vanessa Perez Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $51,022 |
| All other contributions, gifts, grants, and similar amounts not included above | $552,184 |
| Noncash contributions included in lines 1a–1f | $25,402 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $603,206 |
| Total Program Service Revenue | $0 |
| 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 | $603,206 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,725 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,994 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $595 |
| Office expenses | $36,485 |
| Information technology | $177 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,162 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,426 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $7,065 |
| Total functional expenses | $516,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,478,028 |
| 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 | $12,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,247 |
| Total assets | $1,497,275 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,497,275 |
| Total liabilities and net assets/fund balances | $1,497,275 |