Overview
What is Stem Paths Innovation Network?
Stem Paths Innovation Network, commonly referred to as SPIN, is a nonprofit organization situated in Renton, Washington. With a team of 20 dedicated individuals, SPIN focuses on delivering low-cost or no-cost STEM enrichment classes to underrepresented students, including scholars of color and girls, in the fields of science, technology, engineering, mathematics, and art. In collaboration with other nonprofits and the City of Seattle, SPIN provided STEM services to approximately 400 students from disadvantaged backgrounds, contributing to the broader community in the Seattle region.
Official website here: www.stempaths.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star rating. Stem Paths Innovation Network demonstrates a solid performance with a strong focus on impact and measurement, scoring 94 in this area. The organization has a high program expense ratio of 81.18%, indicating that a significant portion of its funds is directed towards programmatic activities.
Strengths of the organization include its excellent leadership and adaptability, with a perfect score of 100 in this category. Additionally, the nonprofit benefits from a fully independent board and has established a conflict of interest policy, contributing to its accountability. The organization actively collects feedback from those it serves at least annually and uses this data to inform its programs, which is a promising practice for continuous improvement.
However, while Stem Paths Innovation Network shows a robust commitment to its mission and effective governance, its accountability and finance score of 73 suggests there might be areas for improvement in financial management. Overall, the organization has demonstrated growth, expanding its staff from three to eleven employees in 2022, reflecting its increasing capacity to fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Stem Paths Innovation Network legitimate?
Stem Paths Innovation Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stem Paths Innovation Network 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: $168,131
Professional Fundraising Fees: $2,700
Other Salaries and Wages: $258,583
For more financial information, click here
Official website here: www.stempaths.org
What is the mission statement of Stem Paths Innovation Network?
The Stem Paths Innovation Network, often referred to as SPIN, is committed to providing affordable or free STEM education and mentorship opportunities for scholars of color and girls in science, technology, engineering, mathematics, and art fields. Their mission is to empower these students in the greater Seattle region, fostering their growth and interest in these fields. SPIN accomplishes this by partnering with other non-profits and the city of Seattle, offering enrichment classes and mentorship to approximately 400 underrepresented students.
Official website here: www.stempaths.org
Who is the CEO of Stem Paths Innovation Network?
Katherine Barr is the Co-Board Chairperson of Stem Paths Innovation Network.
Official website here: www.stempaths.org
What is the revenue of Stem Paths Innovation Network?
Stem Paths Innovation Network's revenue in 2022 was $708,853.
Official website here: www.stempaths.org
Who are the executives of Stem Paths Innovation Network and what are their salaries?
The average compensation at Stem Paths Innovation Network during 2022 was $21,336. There are 20 employees and 45 volunteers at Stem Paths Innovation Network.
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- Compensation: $81,645
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- Other: $8,230
Official website here: www.stempaths.org
Where can I find the form 990 for Stem Paths Innovation Network?
Stem Paths Innovation Network's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stempaths.org
Learn more at the official website: www.stempaths.org
Mission Statement of Stem Paths Innovation Network
Stem Paths Innovation Network, abbreviated as SPIN, is a non-profit organization that is committed to providing affordable or no-cost STEM (Science, Technology, Engineering, Mathematics, and Art) programming and mentorship to scholars of color and girls in the fields of STEM and the arts. Their mission is to empower students in the greater Seattle region, specifically those who are often underrepresented in these fields.
SPIN accomplishes this by partnering with other non-profits and local authorities, such as the city of Seattle. They offer STEM enrichment classes to students at elementary and middle schools, serving approximately 400 underprivileged students of color. Through these programs, SPIN aims to inspire and guide these young individuals, equipping them with the necessary skills and knowledge to excel in STEM and the arts. By providing mentorship, SPIN offers students a supportive network of individuals who can share their experiences and offer guidance, fostering a sense of belonging and motivation.
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Impact
July, 2024
Stem Paths Innovation Network's impact includes providing low- or no-cost STEM programming and mentors to scholars of color and girls in science, technology, engineering, mathematics, and art fields in the greater Seattle region. Through partnerships with other nonprofits and the City of Seattle, SPIN has been able to offer STEM enrichment classes to students at local elementary and middle schools. Approximately 400 students of color and underserved students have benefited from SPIN's services, helping to bridge the gap in STEM education and opportunities for these communities in Renton, WA.
This information is meant to be a general summary of Stem Paths Innovation Network. 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.
- Program Service Revenue: $135,871
- Gross Receipts: $708,853
Assets and Liabilities:
- Total Assets: $414,503
- Total Liabilities: $17,844
- Net Assets: $396,659
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STEM ENRICHMENT CLASSES
Revenue
$50,519
SPIN GIRLS CLASSES
Revenue
$85,352
Organization Details
Founding Year
2015
Phone
(206) 271-2872Principal Officer
Katherine Barr
Main Address
3407 NE 2ND ST, RENTON, WA, 98056
Website
www.stempaths.orgNTEE Category
Code: B90 - Education
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