Overview
What is Stem Library Lab?
Stem Library Lab is a nonprofit organization situated in Metairie, Louisiana, specifically at 3011 N I-10 Service Rd E. The primary objective of this organization is to facilitate high-quality active learning for teachers and their students by offering access to scientific and STEM equipment through a lending co-op program. This initiative benefits approximately 350 teachers and 17,000 students, thereby enhancing their educational experiences and fostering success. The Stem Library Lab mission is to provide teachers with the necessary resources, programs, experiences, and instructional support to promote student achievement in STEM fields. The organization employs a team of six dedicated individuals to carry out its mission.
Official website here: www.stemlibrarylab.org/about/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
Stem Library Lab has achieved an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial transparency. The overall score is derived solely from a strong performance in the Accountability & Finance category, where the charity scored 96%. This indicates that the organization is managing its resources effectively and responsibly.
The charity demonstrates strong governance practices, with 83% of its board members being independent. Additionally, it has a small board size that maintains a clear focus on oversight. The organization has secured full points in various financial metrics, such as having no material diversion of assets and a low liabilities-to-assets ratio, showcasing its financial stability and commitment to its mission.
While the data highlights significant strengths, including a high program expense ratio of 83.76%, which indicates that a large portion of funds is directed toward its programs, ongoing transparency and adherence to best practices will be essential for maintaining this positive standing. Overall, Stem Library Lab appears to be a well-managed nonprofit with a strong emphasis on accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Stem Library Lab legitimate?
Stem Library Lab is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stem Library Lab 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: $298,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.stemlibrarylab.org/about/
What is the mission statement of Stem Library Lab?
The Stem Library Lab fosters high-quality active learning by providing teachers with access to equipment, programs, experiences, and instructional support. This initiative aims to enhance student success by leveraging these resources. The library serves as a co-op, offering a collection of science and STEM equipment that teachers can borrow. This program benefits approximately 350 educators and over 17,000 students.
Official website here: www.stemlibrarylab.org/about/
Who is the CEO of Stem Library Lab?
Todd Wackerman is the Board Chair of Stem Library Lab.
Official website here: www.stemlibrarylab.org/about/
What is the revenue of Stem Library Lab?
Stem Library Lab's revenue in 2023 was $624,362.
Official website here: www.stemlibrarylab.org/about/
Who are the executives of Stem Library Lab and what are their salaries?
The average compensation at Stem Library Lab during 2023 was $49,708. There are 6 employees at Stem Library Lab.
Here are 6 key members and their salaries:
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- Compensation: $54,000
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- Other: $0
Official website here: www.stemlibrarylab.org/about/
Where can I find the form 990 for Stem Library Lab?
Stem Library Lab's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.stemlibrarylab.org/about/
Learn more at the official website: www.stemlibrarylab.org/about/
Mission Statement of Stem Library Lab
Stem Library Lab, in its mission, fosters high-quality active learning by granting teachers access to essential equipment, programs, experiences, and instructional support. This mission aims to enhance student success by empowering educators with the necessary resources. By providing a co-operative library of science and STEM equipment, the program benefits over 350 teachers and approximately 17,000 students, fostering an environment that encourages hands-on learning and exploration in the field of STEM.
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Impact
July, 2024
Stem Library Lab's impact is evident in the way it fosters high-quality active learning among students. By providing teachers with access to a lending co-op library of science and STEM equipment, the program benefits 350 teachers and 17,000 students. This initiative in Metairie, LA, drives student success by offering equipment, programs, experiences, and instructional support that enhance STEM education.
This information is meant to be a general summary of Stem Library Lab. 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: $1,070
- Program Service Revenue: $69,038
- Gross Receipts: $624,362
Assets and Liabilities:
- Total Assets: $418,658
- Total Liabilities: $39,969
- Net Assets: $378,689
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
5050 PD Revenue
Revenue
$36,150
5055 Building Usage Income
Revenue
$16,650
5130 RoboRecovery Income
Revenue
$16,238
Organization Details
Founding Year
2016
Phone
(650) 868-3584Principal Officer
Todd Wackerman
Main Address
3011 N I-10 SERVICE RD E, METAIRIE, LA, 70002
NTEE Category
Code: P20 - Human services
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