Quantum Steam Academy

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 831605019 ✦ St paul, MN ✦ Designated as a 501(c)(3)

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Overview

What is Quantum Steam Academy?

Quantum Steam Academy is a nonprofit institution situated in St. Paul, Minnesota, specifically at 497 Humboldt Avenue, 55107. Its primary mission is to deliver educational services to students from kindergarten to eighth grade, fostering an environment that encourages the integration of Science, Technology, Engineering, Art, and Mathematics (STEAM). By doing so, the academy aims to stimulate creativity and contribute to the betterment of Minnesota and the global community. Quantum Steam Academy employs a team of 32 individuals, with a focus on enhancing student learning and achievement through a collaborative educational approach that engages various stakeholders, including students, families, and the community.


Official website here: www.qsteamacademy.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 87% (Three-Star out of Four Stars)

Quantum Steam Academy has received a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial health. Their overall score of 87% suggests that the organization is effectively managing its resources and maintaining transparency in its operations. The charity's strong compliance with various governance practices, such as having a majority independent board and comprehensive conflict of interest and whistleblower policies, demonstrates a commitment to ethical management.

The financial aspect of the organization is robust, as reflected in a high program expense ratio of 77.73%. This indicates that a significant portion of their expenses is directed towards programs rather than administrative costs, which is a positive sign for donors looking for impact. The organization also benefits from a well-structured audit and oversight committee, further enhancing its credibility.

However, while the rating is favorable, potential donors should consider that it is still a mid-tier rating. This suggests that there may be areas for improvement, particularly in expanding their board or enhancing engagement strategies. Overall, Quantum Steam Academy appears to be a responsible organization with a focus on effective program delivery.


This AI summary has been generated from information found on Charity Navigator.

Is Quantum Steam Academy legitimate?

Quantum Steam Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Quantum Steam Academy 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: $52,238
Professional Fundraising Fees: $0
Other Salaries and Wages: $869,686

For more financial information, click here


Official website here: www.qsteamacademy.org

What is the mission statement of Quantum Steam Academy?

Quantum Steam Academy's mission is centered around enhancing learning experiences for students in grades K-8. They achieve this through high-quality instruction and an integrated curriculum that combines Arts and Sciences. The school encourages collaboration among leadership, staff, students, families, and communities, aiming to actively engage in the educational process. Quantum Steam Academy's unique approach to STEAM education, integrating Science, Technology, Engineering, Art, and Mathematics, aims to stimulate creativity and improve not only student learning but also contribute positively to Minnesota and the world at large.


Official website here: www.qsteamacademy.org

Who is the CEO of Quantum Steam Academy?

Mahrous Kandil is the Member of Quantum Steam Academy.


Official website here: www.qsteamacademy.org

What is the revenue of Quantum Steam Academy?

Quantum Steam Academy's revenue in 2022 was $2,490,641.


Official website here: www.qsteamacademy.org

Who are the executives of Quantum Steam Academy and what are their salaries?

The average compensation at Quantum Steam Academy during 2022 was $28,810. There are 32 employees and 2 volunteers at Quantum Steam Academy.


Here are 5 key members and their salaries:


Crescence Nabil (Member)
  • Compensation: $47,947
  • Related: $0
  • Other: $0
Ayan Farah (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adnan Khan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shavkat Metekov (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Khalid Haddaoui (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.qsteamacademy.org

Where can I find the form 990 for Quantum Steam Academy?

Quantum Steam Academy's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.qsteamacademy.org

Learn more at the official website: www.qsteamacademy.org

Mission Statement of Quantum Steam Academy

Quantum Steam Academy, a charter school catering to students in grades K-8, is dedicated to fostering a conducive learning environment. The school's mission, as stated, is to accelerate learning through top-notch instruction, an integrated Arts & Sciences curriculum, and active collaboration among students, staff, families, and the community. This collaboration, a key aspect of the educational enterprise, is designed to stimulate creative energy and drive an increase in student learning and achievement. Quantum STEAM Academy's unique approach to STEAM education, which integrates Science, Technology, Engineering, Art, and Mathematics, aims to not only improve the educational experience of the students but also contribute to the betterment of Minnesota and the world at large.

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Impact




July, 2024

Quantum Steam Academy's impact is felt through its dedication to providing a comprehensive education and other related services to students in grades K-8. By infusing energy into STEAM education, Quantum Steam Academy not only enhances student learning and achievement but also cultivates creative energy by integrating Science, Technology, Engineering, Art, and Mathematics. This approach aims to improve Minnesota and contribute positively to the global community. Quantum Steam Academy in St. Paul, MN, accelerates learning through quality instruction, an integrated Arts & Sciences curriculum, and authentic collaboration that engages various stakeholders in the educational process. Their commitment to education is evident in their mission to drive innovation and excellence in learning.




This information is meant to be a general summary of Quantum Steam Academy. 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.

Revenue
$2,490,641 (2022)
Expenses
$1,906,295 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $2,490,641
  • Gross Receipts: $2,490,641

Assets and Liabilities:

  • Total Assets: $1,536,984
  • Total Liabilities: $806,307
  • Net Assets: $730,677

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Federal and State Sour

Revenue

$2,490,641

Organization Details

Founding Year

2018

Principal Officer

Mahrous Kandil

Main Address

497 Humboldt Avenue, St Paul, MN, 55107

NTEE Category

Code: B29 - Education

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