Overview
What is Stem Advantage?
Stem Advantage is a nonprofit organization situated in Huntington Beach, California, with a mission to bridge the gap between opportunity and talent in the STEM field. They primarily focus on supporting low-income, first-generation college students, predominantly women and individuals from underrepresented communities, who are pursuing STEM degrees at California State University (CSU) campuses in Southern California, the greater Los Angeles region, Orange County, and San Diego. These institutions are recognized as Hispanic-Serving Institutions (HSIs). The organization offers a comprehensive program, including paid internships, mentorships, scholarships, professional development, and community engagement. Its goal is to advance equity in education and workforce development, providing economic and social mobility to underprivileged groups while also offering businesses a diverse pool of talented individuals to fill their workforce needs. With a strong focus on graduation rates, Stem Advantage boasts a 100% graduation rate for its scholars, with an average starting salary of $75,000 upon graduation. The organization has awarded over $1.9 million in scholarships, helping students graduate with reduced debt. In Fall 2021, Stem Advantage launched a Freshmen STEM Career Pathways program to engage first-year college students, particularly women, Black, and Latinx students, and motivate them to persist in STEM majors. In 2021, Stem Advantage received recognition as the Diversity, Inclusion + Equity Nonprofit of the Year by the Los Angeles Business Journal. Website: www.stemadvantage.org. Word count: 118.
Official website here: www.stemadvantage.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Stem Advantage has achieved an impressive overall score of 96%, reflecting strong performance in both accountability and finance as well as culture and community. The organization has a notably independent board, with 92% of its members being independent, and it maintains robust financial oversight through various policies and procedures. Its high program expense ratio of 92.91% indicates that the vast majority of its funds are directed towards its programs, ensuring that resources are effectively allocated to fulfill its mission.
The organization exhibits a commitment to transparency and stakeholder engagement, as evidenced by perfect scores in feedback collection and usage. This suggests that Stem Advantage not only solicits input from its community but also actively incorporates that feedback into its operations and strategies. Such practices foster a culture of involvement and responsiveness, which is crucial for nonprofit success.
While the data presents an overwhelmingly positive view of Stem Advantage, it is important for potential donors and supporters to remain informed about ongoing challenges and opportunities within the nonprofit landscape. Despite the organization's strong performance metrics, continuous evaluation and adaptation are essential to address changing needs and ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Stem Advantage?
While STEM Advantage has not yet accumulated a significant number of reviews, initial impressions from the two available comments are quite positive. This nonprofit is praised for its strong support of women and underserved students pursuing STEM education within the California State University System.
The organization is described as an "undiscovered gem" in Southern California, indicating that those who have interacted with it recognize its valuable contributions. The recommendation from one reviewer highlights the impactful nature of its services, suggesting that STEM Advantage effectively addresses the needs of its target demographic.
Overall, the sentiment appears to be favorable, showcasing a promising start as a vital resource for students in STEM fields. Continued awareness and support may help the nonprofit expand its reach and further enhance its programs.
This AI summary has been generated from reviews found on Facebook.
Is Stem Advantage legitimate?
Stem Advantage is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stem Advantage 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:
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Other Salaries and Wages: $136,447
For more financial information, click here
Official website here: www.stemadvantage.org
What is the mission statement of Stem Advantage?
Stem Advantage's mission is centered around bridging the gap between equal talent distribution and unequal opportunities, particularly in the fields of science, technology, engineering, and math (STEM). They achieve this by mentoring, preparing, and inspiring women and underserved communities to pursue careers in STEM. This is done through various means such as paid internships, one-to-one mentoring, scholarships, professional development, and community engagement. The organization is committed to advancing equity through education and workforce development. By doing so, Stem Advantage aims to provide economic and social mobility to underrepresented groups while offering businesses a diverse and vetted talent pool to meet their workforce needs. In 2021, Stem Advantage was recognized as the Diversity, Inclusion + Equity Nonprofit of the Year by the Los Angeles Business Journal.
Official website here: www.stemadvantage.org
Who is the CEO of Stem Advantage?
Lee Ann Kline is the President of Stem Advantage.
Official website here: www.stemadvantage.org
What is the revenue of Stem Advantage?
Stem Advantage's revenue in 2022 was $1,267,928.
Official website here: www.stemadvantage.org
Who are the executives of Stem Advantage and what are their salaries?
There 225 volunteers at Stem Advantage.
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Official website here: www.stemadvantage.org
Where can I find the form 990 for Stem Advantage?
Stem Advantage's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stemadvantage.org
Learn more at the official website: www.stemadvantage.org
Mission Statement of Stem Advantage
Stem Advantage, a renowned nonprofit organization, is committed to bridging the gap between talent and opportunity, particularly in the fields of science, technology, engineering, and mathematics (STEM). Their mission is multifaceted, involving the mentorship, preparation, and inspiration of women and underserved communities to pursue careers in these sectors. They accomplish this through various initiatives such as paid internships, one-on-one mentorship, scholarships, professional and career development programs, and community engagement.
By advancing equity through education and workforce development, Stem Advantage aims to provide economic and social mobility to underrepresented groups. Simultaneously, they serve as a reliable source of a diverse talent pool, supplying businesses with the skilled workforce they require to meet their workforce needs. In 2021, the Los Angeles Business Journal recognized Stem Advantage with the Diversity, Inclusion + Equity Nonprofit of the Year award, acknowledging their significant contributions in promoting equity and opportunity in the STEM field.
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Impact
July, 2024
STEM Advantage's impact is profound as it levels the playing field for talented individuals who may have limited access to networks, employment opportunities, and economic mobility. By empowering mostly low-income, first-generation college students with resources like paid internships, scholarships, mentors, and professional development, STEM Advantage is not only helping these individuals succeed in STEM fields but also addressing gender and racial wealth gaps. With a 100% graduation rate and an average starting salary of $75,000, the program is providing a sustainable middle-class living wage to its graduates while also creating a diverse pipeline of talent for businesses. Additionally, by supporting alumni beyond graduation and encouraging them to Pay It Forward as mentors and role models, STEM Advantage is fostering a community that excites young individuals about STEM and paves the way for future success.
This information is meant to be a general summary of Stem Advantage. 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 2022.
- Gross Receipts: $1,309,006
Assets and Liabilities:
- Total Assets: $933,562
- Total Liabilities: $4,391
- Net Assets: $929,171
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Organization Details
Founding Year
2012
Phone
(949) 322-3320Principal Officer
Lee Ann Kline
Main Address
117 22nd Street, Huntington Beach, CA, 92648
Website
www.stemadvantage.orgNTEE Category
Code: O50 - Youth development
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