Overview
What is The Stem Academy Inc?
The Stem Academy Inc, based in Brookfield, Wisconsin, is a nonprofit organization dedicated to fostering STEM literacy among K-12 students. They accomplish this by providing educational materials and resources. Furthermore, they offer entry-level employment training programs for corporations and government agencies with the objective of filling critical STEM career field projections. Their mission is to cultivate a professional learning environment, continuously enhancing customer service, exploring innovative ideas, increasing opportunities in pre-K-16 education, and advocating for ongoing professional outreach. This approach aims to boost collaboration among STEM contributors, foster a STEM-literate society, and promote ongoing professional engagement. The organization is staffed by a team of three individuals.
Official website here: www.stem101.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%, Two-Star out of Four Star rating)
The Stem Academy Inc has received a rating of "Needs Improvement" from Charity Navigator, with an overall score of 73%. This indicates that while the organization meets some financial and accountability standards, there are significant areas that require enhancement. Notably, the organization boasts a strong program expense ratio of 97.31%, suggesting that a substantial majority of its funds are directed towards its programs.
Strengths of The Stem Academy include a fully independent board, with 83% of its members being independent, and a commendable liability to assets ratio of 8.92%. Additionally, the organization has documented its board meeting minutes and has policies in place for conflict of interest. These elements contribute positively to its governance and financial oversight.
However, several critical limitations are evident, including a lack of financial statements and missing policies related to whistleblower protections and document retention. Furthermore, the nonprofit has not posted its tax form on its website, which limits transparency. Addressing these issues could improve not only the organization's rating but also its overall credibility and effectiveness in its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Stem Academy Inc legitimate?
The Stem Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Stem Academy Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $356,925
For more financial information, click here
Official website here: www.stem101.org
What is the mission statement of The Stem Academy Inc?
The Stem Academy Inc's mission is centered around achieving leadership in STEM literacy. They aim to accomplish this by establishing a professional learning environment that continually improves customer service, explores innovative ideas, and increases opportunities for Pre-K to 16 learners. This environment encourages a new generation of learners to fill critical voids in the national STEM career field projections, ultimately leading to an increased collaboration of STEM contributors, a STEM literate citizenry, and ongoing professional outreach.
Official website here: www.stem101.org
Who is the CEO of The Stem Academy Inc?
Al Gomez is the CEO of The Stem Academy Inc The CEO's salary of The Stem Academy Inc is $190,000 and their total compensation is $190,000.
Official website here: www.stem101.org
What is the revenue of The Stem Academy Inc?
The Stem Academy Inc's revenue in 2023 was $1,934,335.
Official website here: www.stem101.org
Who are the executives of The Stem Academy Inc and what are their salaries?
The average compensation at The Stem Academy Inc during 2023 was $59,488. There are 6 employees at The Stem Academy Inc.
Here are 7 key members and their salaries (The Stem Academy Inc's CEO's salary is $190,000 and their total compensation is $190,000):
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- Compensation: $190,000
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Official website here: www.stem101.org
Where can I find the form 990 for The Stem Academy Inc?
The Stem Academy Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.stem101.org
Learn more at the official website: www.stem101.org
Mission Statement of The Stem Academy Inc
The Stem Academy Inc, with a focus on leadership in STEM literacy, strives to create a professional learning environment that is continuously improving and innovative. The organization's mission is to enhance customer service, explore innovative ideas, and increase opportunities for Pre-K to 16 learners. By doing so, The Stem Academy Inc aims to prepare a full generation of learners to fill critical voids in national STEM career field projections. This endeavor is expected to result in an increased collaboration of STEM contributors, fostering a STEM literate citizenry, and encouraging ongoing professional outreach. In simpler terms, The Stem Academy Inc seeks to foster a learning environment that encourages continuous improvement, exploration, and collaboration in STEM fields, ultimately contributing to a well-equipped and STEM-literate workforce.
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Impact
October, 2024
The Stem Academy Inc plays a vital role in enhancing STEM literacy and career readiness among students and professionals. By providing curriculum materials and resources to K-12 students, it promotes early engagement with STEM fields, fostering a generation equipped with essential skills and knowledge. Their focus on professional learning environments ensures continuous improvement in educational practices, which directly benefits students and educators alike.
Through innovative programs and initiatives, The Stem Academy increases opportunities for PreK-16 students, creating multiple points of contact between learners and the STEM industry. This collaborative approach not only addresses critical gaps in national STEM career projections but also contributes to a more informed and capable citizenry.
By developing entry-level employment training programs for corporations and government agencies, The Stem Academy bridges the gap between education and the workforce. This strategic alignment between academic learning and workplace requirements enhances employability for graduates, ensuring that they are prepared to meet the demands of a rapidly changing job market.
Overall, The Stem Academy Inc's impact is evidenced by its commitment to cultivating a STEM-literate society, fostering collaboration among STEM contributors, and enabling ongoing professional outreach, all of which are essential for driving innovation and economic growth.
This information is meant to be a general summary of The Stem Academy Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $15,692
- Program Service Revenue: $55,000
- Gross Receipts: $1,973,523
Assets and Liabilities:
- Total Assets: $1,693,744
- Total Liabilities: $151,108
- Net Assets: $1,542,636
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSORSHIP
Revenue
$55,000
Organization Details
Founding Year
2010
Principal Officer
Alan Gomez
Website
www.stem101.orgNTEE Category
Code: B40 - Education
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