Nanosteam Foundation
- Assets
- $2.8m
- Revenue
- $14.9k
- Investments
- $2.3m
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 06/2017
- Data as of
- 12/2023
- EIN
- 81-3697834
Organization Overview
Nanosteam Foundation is located in Palo Alto, CA. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nanosteam Foundation 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, Nanosteam Foundation generated $14.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (34.3%) each year. All expenses for the organization totaled $42.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NANOSTEAM FOUNDATIONS PRIMARY PROGRAM IS TO HOST PROJECTS AND PROVIDE GRANTS TO SUPPORT WOMEN AND GIRLS IN THE SCIENCES. IN 2023, THE FOUNDATIONS MAIN DIRECT CHARITABLE ACTIVITY INVOLVED CONTINUING TO BUILD THE INFRASTRUCTURE AND PLATFORM FOR THE PROGRAM. THE INFRASTRUCTURE IS A FUNDING PLATFORM UNIQUE TO THE FOUNDATIONS EFFORTS. THE AMOUNT OF UNIQUE IP AND PLANNING, DESIGN, AND DEVELOPMENT EFFORT PUT INTO THE PLATFORM HAS BEEN EXTENSIVE. THE WORK INCLUDED TIME FOR PLANNING, DESIGN, AND DEVELOPMENT OF THE REPORTING REQUIRED TO CUSTOMIZE THE REPORTING FROM START TO FINISH ON EACH GRANT TYPE OFFERED. THE PLATFORM ALSO INVOLVES FEATURES SUCH AS PROJECT CREATION, FUNDING MECHANISM, REWARDS SYSTEMS, AND COMMUNITY INTERACTION. THE INFRASTRUCTURE COSTS WERE RELATED TO THE PLATFORM BUILDOUT COSTS RECOGNIZED AS ASSETS IN THE AMOUNT OF $64,550
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roxanne Velez President/dir | 30 | $0 | |
Elissa Murphy Sec/treas/dir | 20 | $0 | |
Aude Chapuis Director | 0.2 | $0 | |
Elisa Camahort Page Director | 0.2 | $0 | |
Lisa Stone Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,532 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,598 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,934 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,063 |
| Depreciation | $565 |
| Occupancy | $1,428 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,575 |
| Total operating and administrative expenses | $42,043 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $42,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,857 |
| Savings and temporary cash investments | $7,693 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,603 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $308,371 |
| Net Land, buildings, and equipment | $443,687 |
| Other assets | $238 |
| Total assets | $2,841,082 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |