Stem Equity Initiative Inc
- Assets
- $72.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Parkville, MD
- Founding
- 03/2019
- Data as of
- 06/2024
- EIN
- 83-1909902
Organization Overview
Stem Equity Initiative Inc is located in Parkville, MD. The organization was established in 2019. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Stem Equity Initiative 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 06/2024, Stem Equity Initiative Inc generated $181.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 31.7% each year . All expenses for the organization totaled $158.6k during the year ending 06/2024. While expenses have increased by 32.1% per year over the past 4 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
2024
Describe the Organization's Program Activity:
Part 3
PROFESSIONAL DEVELOPMENT AND TECHNICAL ASSISTANCE FOR SECONDARY AND CTE FACULTY AND STAFF IN CHESTER COUNTY, PA - $49,450; PROFESSIONAL DEVELOPMENT AND TECHNICAL ASSISTANCE FOR SECONDARY AND POSTSECONDARY CTE FACULTY AND STAFF IN PA - $84,500; PROFESSIONAL DEVELOPMENT AND TECHNICAL ASSISTANCE FOR POSTSECONDARY FACULTY AND STAFF IN PA - $47,283
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leroy Daley President | 3 | $0 | |
Alisha Sparks Vice President | 1 | $0 | |
Rebecca Parker Treasurer | 1 | $0 | |
Taryn Bayles Secretary | 1 | $0 | |
Donna Stevenson Board Member | 1 | $0 | |
Claudia Morrell CEO | 30 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $181,233 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $181,233 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $66,155 |
| Professional fees and other payments to independent contractors | $57,083 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $378 |
| Other expenses | $34,966 |
| Total expenses | $158,582 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $72,567 |
| Other assets | $0 |
| Total assets | $72,567 |
| Total liabilities | $0 |
| Net assets or fund balances | $72,567 |