Great Minds In Stem
- Assets
- $2.5m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 16
- Location
- Los Angeles, CA
- Founding
- 08/1996
- Data as of
- 12/2023
- EIN
- 95-4577359
Organization Overview
Great Minds In Stem, operating under the name Henaac, is located in Los Angeles, CA. The organization was established in 1996. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Henaac employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Henaac 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, Henaac generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 9 years. 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
BE A NATIONAL LEADER IN KEEPING AMERICA TECHNOLOGICALLY STRONG BY PROMOTING SCIENCE, TECHNOLOGY, ENGINEERING AND MATH CAREERS ESPECIALLY IN UNDERSERVED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL AWARDS CONFERENCE BRINGING TOGETHER COLLEGE STUDENTS WITH PROFESSIONAL ENGINEERS AND SCIENTISTS FROM INDUSTRY, ACADEMIA, THE MILITARY, AND GOVERNMENT SECTORS FOR AN EVENT THAT INCLUDES CONDUCTING PRE-CONFERENCE WEBINARS AND ON-SITE SESSIONS FOCUSED ON SKILL-BUILDING, LEADERSHIP DEVELOPMENT AND CAREER OPPORTUNITY ENHANCEMENT WITH A GRADUATE SCHOOL AND CAREER FAIR. THE RESEARCH POSTER COMPETITION OFFERS UNDERGRDUATE AND GRADUATE STUDENTS THE OPPORTUNITY TO SHOWCASE THEIR RESEARCH PROJECTS. PROFESSIONALS SERVE AS JUDGES AND PROVIDE FEEDBACK ON THE STUDENTS' PRESENTATIONS TO HELP SUPPORT THEIR PROFESSIONAL DEVELOPMENT. FOUR 1-HOUR PROFESSIONAL AWARD EVENTS AND OTHER RECOGNITION PROGRAMS CAPTURE AND SHOWCASE THE ACCOMPLISHMENTS OF APPROXIMATELY 50 WORLD-CLASS ENGINEERS AND SCIENTISTS WHO HAVE MADE EXTRAORDINARY ACHIEVEMENTS IN THEIR FIELDS.
THE MENTORNET PROGRAM'S OBJECTIVES ARE TO PROVIDE ALL SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEM) STUDENTS IN THE UNITED STATES WITH ACCESS TO EFFECTIVE MENTORSHIPS VIA A VIBRANT COMMUNITY COMMITTED TO STUDENTS' SUCCESS; TO DEVELOP A SCALABLE MENTORING PLATFORM THAT COMINTES THE TECHNOLOGY OF SOCIAL NETWORKS WITH THE SOCIAL SCIENCE OF MENTORING; AND TO DELIVER EVIDENCE-BASED PROGRAMS THAT ADDRESS THE CRITICAL ISSUES IMPACTING STEM STUDENT SUCCESS. STUDENTS ARE MATCHED WITH PROFESSIONALS BASED ON SHARED COMMONALITIES. THE CURRICULUM USED IS BASED ON THE STUDENTS' CLASSIFICATION, WHICH CAN RANGE FROM BEING A 2-YEAR COLLEGE STUDENT TO BEING A PH.D. CANDIDATE.
VIVA TECHNOLOGY! IS A K-12 NATIONAL SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM) AWARENESS PROGRAM OFFERED (THROUGH A COMBINATION OF VIRTUAL AND PHYSICAL MEANS) TO SCHOOLS ACROSS THE NATIONAL FOR TEACHER AND STUDENTS IN A VARIETY OF FORMATS. THE PROGRAM FEATURES PROJECT-BASED ACTIVITIES FOR STUDENTS WITH ENGINEERS AND SCIENTISTS AS GUEST SPEAKERS. CURRENT STEM COLLEGE STDUENTS SERVE AS TEAM COLLEGE CAPTAINS TO HELP STUDENTS THROUGH THE CHALLENGES PRESENTED. INFORMATION PACKETS ARE SHIPED TO THE SCHOOLS TO PROVIDE STUDENTS AND PARENTS WITH INFORMATION ABOUT STEM CAREERS, COLLEGE ENTRANCE REQUIREMENTS TO PURSUE THESE FIELDS OF STUDY AND GUIDES TO BOTH UNIVERSITIES AND SCHOLARSHIP PROGRAMS. THE VIVA TECHNOLOGY MODEL IS BEING ADAPTED AND PILOTED TO PROVIDE TECHNOLOGICAL LITERACY INFORMATION TO SENIOR CITIZENS IN ASSISTED LIVING LOCATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juan Rivera PHD Board Chair | OfficerTrustee | 40 | $0 |
Rudy Montiel Pe Board Vice Chair | OfficerTrustee | 8 | $0 |
Tony M Padilla Secretary | OfficerTrustee | 8 | $0 |
Marvi Matos Rodriguez PHD Secretary | OfficerTrustee | 8 | $0 |
Armando Castorena Board Member | Trustee | 4 | $0 |
Jose Castellon Board Member | Trustee | 4 | $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 | $432,094 |
| Noncash contributions included in lines 1a–1f | $74,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $432,094 |
| Total Program Service Revenue | $1,968,019 |
| Investment income | $50,077 |
| 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 | $2,555,249 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $260,615 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation of current officers, directors, key employees. | $11,015 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $809,114 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $67,594 |
| Payroll taxes | $62,855 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $84,342 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $135,499 |
| Advertising and promotion | $24,895 |
| Office expenses | $18,358 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $516,062 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,011 |
| Interest | $15,165 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,635 |
| Insurance | $12,229 |
| All other expenses | $100,357 |
| Total functional expenses | $2,998,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $753,129 |
| Savings and temporary cash investments | $1,352,972 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $296,081 |
| 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 | $37,616 |
| Net Land, buildings, and equipment | $14,103 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,453,901 |
| Accounts payable and accrued expenses | $85,502 |
| Grants payable | $0 |
| Deferred revenue | $253,000 |
| 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 | $443,560 |
| Total liabilities | $782,062 |
| Net assets without donor restrictions | $318,867 |
| Net assets with donor restrictions | $1,352,972 |
| 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 | $2,453,901 |