Stem Next Opportunity Fund is located in San Diego, CA. The organization was established in 2017. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2021, Stem Next Opportunity Fund employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stem Next Opportunity Fund 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 12/2021, Stem Next Opportunity Fund generated $10.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $6.4m during the year ending 12/2021. While expenses have increased by 9.8% 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.
Since 2017, Stem Next Opportunity Fund has awarded 106 individual grants totaling $11,813,450. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
STEM NEXT OPPORTUNITY FUND IS A NATIONAL LEADER, STRATEGIC GUIDE, POLICY ADVOCATE, AND INVESTOR THAT IS BRINGING ABOUT A TRANSFORMATIVE EXPANSION OF HIGH-QUALITY AND INCLUSIVE STEM LEARNING OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STEM NEXT OPPORTUNITY FUND IS A NATIONAL, NON-PROFIT, NON-PARTISAN ORGANIZATION DEDICATED TO SCALING HIGH-QUALITY STEM (SCIENCE, TECHNOLOGY, ENGINEERING, & MATH) LEARNING TO MILLIONS OF YOUTH WITH A PARTICULAR FOCUS ON KIDS OF COLOR, GIRLS AND YOUTH IN UNDER-RESOURCED COMMUNITIES. OUR MISSION IS TO BUILD INCLUSION AND OPPORTUNITY FOR YOUTH AND TO CLOSE THE RACIAL AND GENDER GAPS IN STEM CAREERS. THROUGH STEM LEARNING IN AFTERSCHOOL AND SUMMER, STEM NEXT CREATES PATHWAYS TO ECONOMIC OPPORTUNITY AND FUELS INNOVATION.STEM LEARNING BEYOND THE CLASSROOM INSPIRES YOUTH AND PREPARES THEM FOR FUTURE SUCCESS IN STEM AS WELL AS MANY OTHER FIELDS. OUTSIDE THE STRUCTURED SCHOOL DAY, HANDS-ON STEM LEARNING PROVIDES A FERTILE ENVIRONMENT TO EXPERIMENT, BUILD CONFIDENCE AND DEVELOP LIFE SKILLS LIKE CRITICAL THINKING, COLLABORATION, PERSEVERANCE, CREATIVITY AND COMMUNICATION. DESPITE THIS POWER AND POTENTIAL, STEM LEARNING IN AFTERSCHOOL AND SUMMER IS UNDERUTILIZED AND UNDER-PRIORITIZED ACROSS THE U.S A CRITICAL ISSUE STEM NEXT IS WORKING TO SOLVE AS A NATIONAL NONPROFIT.WHAT WE DOSTEM NEXT BRINGS TOGETHER A DIVERSITY OF PARTNERS AND LEADS SYNCHRONIZED EFFORTS TO ACHIEVE OUR COMMON GOAL OF EQUITY IN STEM. BY LEVERAGING PARTNERSHIPS, STEM NEXT MOBILIZES FUNDING AND ACCELERATES WHAT WORKS TO REACH THE 10 MILLION YOUNG PEOPLE SERVED IN MORE THAN 100,000 LOCAL AFTERSCHOOL AND SUMMER PROGRAMS ACROSS ALL 50 STATES. FOR YOUTH, OUR WORK INCREASES STEM ACCESS, INTEREST, IDENTITY, AND CAREER KNOWLEDGE. OUR STRATEGIES FOR CLOSING THE GENDER AND RACIAL GAPS IN STEM ARE: - SHARING RESEARCH & INSIGHTS: ELEVATING INNOVATION AND BEST PRACTICES TO SUPPORT YOUTH IN BUILDING STEM SKILLS.- ADVANCING PUBLIC POLICY & ADVOCACY: FUELING PUBLIC INVESTMENTS IN STEM PROGRAMS. - LEADING AWARENESS CAMPAIGNS: INSPIRING CHANGE-MAKERS, TRANSFORMING PERCEPTIONS, AND CREATING URGENCY FOR A MORE DIVERSE, INCLUSIVE STEM FUTURE FOR ALL.- SCALING HIGH-IMPACT SOLUTIONS: PROVIDING TRAINING, OUTCOME MEASUREMENT TOOLS, TECHNICAL ASSISTANCE AND GRANT FUNDING TO NETWORKS AND AFTERSCHOOL AND SUMMER PROGRAMS IN COMMUNITIES ACROSS THE U.S. TO INCREASE ACCESS TO AND DELIVER HIGH-QUALITY STEM LEARNING. MILLION GIRLS MOONSHOTLAUNCHED IN 2020, THE MOONSHOT IS A NATIONAL INITIATIVE TO DEVELOP AN ENGINEERING MINDSET IN 1 MILLION MORE GIRLS BY 2025. MOONSHOT EQUIPS AFTERSCHOOL AND SUMMER PROGRAMS WITH GENDER-INCLUSIVE TOOLS, STRATEGIES AND COACHING TO HELP THEM INSPIRE THE NEXT GENERATION. THIS INCLUDES A DEDICATED FOCUS ON FAMILY ENGAGEMENT. IN 2021, WE SCALED THE MOONSHOT TO REACH 400,000 YOUTH, INCLUDING 160,000 GIRLS, FROM NEARLY 21,000 PROGRAMS ACROSS THE U.S.STEM NEXT OPPORTUNITY FELLOWSEMBEDDED WITHIN FEDERAL AGENCIES, OUR NETWORK OF STEM NEXT OPPORTUNITY FELLOWS CONTRIBUTE KNOWLEDGE, SKILLS AND EXPERTISE TO EXPAND ACCESS TO STEM EDUCATION AND ECONOMIC OPPORTUNITY. FELLOWS RECEIVE TRAINING, DEVELOPMENT AND ONGOING SUPPORT FROM STEM NEXT AND OUR DIVERSE CADRE OF PARTNERS. FELLOWS HELP PRIORITIZE STEM AT THE FEDERAL LEVEL, ENSURING LEADERS AND DECISION-MAKERS UNDERSTAND THE IMPORTANCE OF INVESTING IN EDUCATION AND CAREER PATHWAYS. IN 2021, STEM NEXT OPPORTUNITY FUND EXPANDED THE STEM NEXT OPPORTUNITY FELLOWS PROGRAM AND WENT FROM ONE FELLOW IN 2020 TO FOUR FELLOWS PLACED BY THE END OF 2021.IMAGINE SCIENCEIMAGINE SCIENCE BRINGS TOGETHER THE LARGEST YOUTH-SERVING ORGANIZATIONS TO BUILD CAPACITY TO ENGAGE UNDER-REPRESENTED YOUTH IN STEM: YMCA OF THE USA, BOYS & GIRLS CLUBS OF AMERICA, NATIONAL 4-H COUNCIL AND GIRLS, INC. THIS PIONEERING COLLABORATION HAS ENGAGED 30,000+ YOUTH, OF WHOM 58% WERE GIRLS, 81% FROM LOW-INCOME HOUSEHOLDS AND 90% YOUTH OF COLOR. EACH YEAR 70% OF YOUTH WHO PARTICIPATE IN IMAGINE SCIENCE PROGRAMS SHOW GROWTH IN STEM INTEREST.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ron Ottinger Exec Dir Secy. | OfficerTrustee | 40 | $320,818 |
Teresa Drew Deputy Director | 40 | $200,000 | |
Kam Kyzer Sr Dir Philan/strateg Pships | 20 | $166,406 | |
Patti Curtis Informal Stem Education Fellow | 40 | $164,814 | |
Melissa Moritz Director Of Policy | 40 | $110,676 | |
Pendred Noyce President/chair | OfficerTrustee | 3 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Mainspring Consulting Llc Strategic Advisor | 12/30/21 | $125,000 |
Sabrina Gomez Stem Education Advisor | 12/30/21 | $104,000 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $10,820,385 |
Noncash contributions included in lines 1a–1f | $276,000 |
Total Revenue from Contributions, Gifts, Grants & Similar | $10,820,385 |
Total Program Service Revenue | $56,250 |
Investment income | $42,243 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$4,982 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $10,913,896 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $2,850,380 |
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. | $879,470 |
Compensation of current officers, directors, key employees. | $64,825 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $456,964 |
Pension plan accruals and contributions | $131,358 |
Other employee benefits | $42,276 |
Payroll taxes | $78,975 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,502 |
Fees for services: Accounting | $26,415 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $36,791 |
Fees for services: Investment Management | $1,757 |
Fees for services: Other | $1,614,965 |
Advertising and promotion | $0 |
Office expenses | $11,915 |
Information technology | $27,703 |
Royalties | $0 |
Occupancy | $23,895 |
Travel | $17,141 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $8,036 |
All other expenses | $3,985 |
Total functional expenses | $6,389,871 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,543,163 |
Savings and temporary cash investments | $237,856 |
Pledges and grants receivable | $4,525,000 |
Accounts receivable, net | $11,351 |
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 | $4,786 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $1,983,057 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $10,305,213 |
Accounts payable and accrued expenses | $266,451 |
Grants payable | $325,220 |
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 | $302,209 |
Total liabilities | $893,880 |
Net assets without donor restrictions | $1,776,822 |
Net assets with donor restrictions | $7,634,511 |
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 | $10,305,213 |
Over the last fiscal year, Stem Next Opportunity Fund has awarded $2,808,180 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
VARIOUS - SEE ATTACHED SCHED PURPOSE: STEM PROGRAMS | $2,532,180 |
VARIOUS PURPOSE: STEM PROGRAMS | $276,000 |
Over the last fiscal year, we have identified 16 grants that Stem Next Opportunity Fund has recieved totaling $5,963,649.
Awarding Organization | Amount |
---|---|
Charles Stewart Mott Foundation Flint, MI PURPOSE: TO EXPAND THE CAPACITY OF THE 50 STATE NETWORK TO SUPPORT THE NATIONWIDE EXPANSION OF AFTERSCHOOL PROGRAMS FOCUSED ON LEARNING RECOVERY FOR YOUNG PEOPLE. | $1,500,000 |
Intel Foundation Hillsboro, OR PURPOSE: 2021 - 2022 MILLION GIRLS MOONSHOT | $700,000 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $666,667 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $666,667 |
Gordon E And Betty I Moore Foundation Palo Alto, CA PURPOSE: IN SUPPORT OF PROGRAM IMPLEMENTATION AND TARGETED EVALUATION OF THE EFFECTIVENESS OF OUT-OF-SCHOOL TIME SCIENCE AND ENGINEERING LEARNING OPPORTUNITIES. | $624,080 |
Hopper-Dean Foundation Menlo Park, CA PURPOSE: CHARITABLE | $500,000 |
Organization Name | Assets | Revenue |
---|---|---|
Provenance Duarte, CA | $16,793,106 | $20,000,682 |
Spark Sf Public Schools San Francisco, CA | $15,254,604 | $27,199,561 |
Great Public Schools Now Los Angeles, CA | $20,013,399 | $15,067,311 |
Institute For Supply Management Inc Tempe, AZ | $18,812,365 | $12,909,076 |
Gladstone Foundation San Francisco, CA | $27,923,141 | $22,078,581 |
George Lucas Educational Foundation San Rafael, CA | $6,425,809 | $14,665,129 |
The Parasol Tahoe Community Foundation Inc Incline Village, NV | $97,913,034 | $15,633,796 |
Davidson Institute For Talent Development Incline Village, NV | $2,040,449 | $8,109,259 |
Pueblo Nuevo Education And Development Group Los Angeles, CA | $12,032,883 | $8,677,303 |
Silicon Schools Fund Inc Oakland, CA | $28,590,142 | $9,890,035 |
Alliance College-Ready Public Schools Foundation Los Angeles, CA | $1,948,564 | $6,883,984 |
Stem Next Opportunity Fund San Diego, CA | $10,305,213 | $10,913,896 |