Isteam Academy Inc
- Assets
- $10.8k
- Revenue
- $264.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Lexington, MA
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 83-4689764
Organization Overview
Isteam Academy Inc is located in Lexington, MA. The organization was established in 2019. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2023, Isteam Academy Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Isteam Academy 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 12/2023, Isteam Academy Inc generated $264.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 38.4% each year . All expenses for the organization totaled $264.7k during the year ending 12/2023. While expenses have increased by 38.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE EXCLUSIVELY FOR EDUCATION, SCIENTIFIC, AND CHARITABLE PURPOSE TO PROVIDE STUDENT A SUPPORTIVE ENVIRONMENT WHERE THEY CAN BUILD CONFIDENCE, HARNESS POTENTIAL, AND ENJOY THE THRILL OF DISCOVERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE WORK WITH PROFESSIONALS AND SPECIALISTS TO CUSTOMIZE ROBOTICS CURRICULUMS, AND BRING ROBOTICS TO THE CLASSROOM OF LOCAL SPECIA SCHOOLS.WE GUIDE STUDENTS TO WORK COLLABORATIVELY AS A TEAM AND MAXIMIZE THEIR CREATIVITY POTENTIAL AS WELL AS INDIVIDUALIZED THEIR PATHS TO SUSSESS.OUR TEAM STARTED IN 2018, WE HAVE ATTENDED OVER TO VEX ROBOTICS COMPETITIONS AROUND THE STATE OF MASS. WE WENT AGAINST DIFFERENT TEAMS AND RECEIVED AWARDS DUE TO OUR PERFORMANCES.STARTS FROM 2019, SHADOW BOT AND LIGHTNING BOT ARE TWO AWESOME MIDDLE SCHOOL TEAM THAT WON MANY TROPHIES AND AWARDS.BOTH TEAMS MADE TO THE VEX ROBOTICS WORLD CHAMPIONSHIP IN 2019-2020 SEASON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Xiangbo Meng Chairman Of The Board | Officer | 5 | $0 |
Xiangbo Meng Director | Officer | 5 | $0 |
Minmin Cai Director | Officer | 5 | $0 |
Chenyu Lin Clerk | Officer | 5 | $0 |
Xiangbo Meng President | Officer | 10 | $0 |
Xiangbo Meng Treasurer | Officer | 5 | $0 |
Financial Statements
| 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $264,397 |
| 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 | $264,397 |
| 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. | $12,238 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,437 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,902 |
| Fees for services: Accounting | $3,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $56 |
| Office expenses | $3,616 |
| Information technology | $461 |
| Royalties | $0 |
| Occupancy | $25,600 |
| Travel | $33 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,488 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $475 |
| All other expenses | $30,105 |
| Total functional expenses | $264,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,799 |
| 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 | $0 |
| Total assets | $10,799 |
| 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 | $10,799 |
| Total liabilities and net assets/fund balances | $10,799 |