Overview
What is Stempower Inc?
Stempower Inc, based in Swampscott, Massachusetts, is a dedicated nonprofit organization with a mission to empower pre-university students through STEM education. They offer hands-on, lab-based training, focusing on real-world problem-solving, creativity, and skill-building. By providing this education, Stempower Inc aims to help students engineer their way out of poverty and contribute to their home country's development. The organization also aims to enhance education, competency, innovation, and careers on a national scale, ultimately lifting all boats. Stempower Inc completed its financial reports for the year ending December 31, 2021, with a total revenue and support of approximately $2,991,666, expenses of around $2,786,403, and a net increase in assets of about $205,263. The organization employs a team of 3 individuals, working towards their vision. By providing STEM education, Stempower Inc aims to contribute to a country's production value chain, leading to more exports, less imports, and reduced dependency. The nonprofit's mission is to provide pre-university students with the opportunity to solve societal problems, strengthen nations, and implement empowerment through STEM education.
Official website here: www.stempower.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Stempower Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a perfect score in various categories, including an entirely independent board and robust financial oversight, the organization demonstrates a commitment to transparency and responsible financial management.
The nonprofit excels in utilizing its resources effectively, as evidenced by a high program expense ratio of 90.52%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, the organization has established comprehensive policies regarding conflict of interest, whistleblower protections, and document retention, further reinforcing its dedication to ethical practices.
While the ratings highlight the strengths of Stempower Inc, such high scores suggest a well-managed organization with strong community engagement and equity strategies. However, the summary does not indicate specific areas of improvement or limitations, implying that the organization maintains a well-rounded approach to its mission and operations.
This AI summary has been generated from information found on Charity Navigator.
Is Stempower Inc legitimate?
Stempower Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stempower 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: $101,678
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,104
For more financial information, click here
Official website here: www.stempower.org
What is the mission statement of Stempower Inc?
Stempower Inc's mission is centered around providing pre-university students with the opportunity to tackle societal issues and strengthen nations through the application of STEM education. The organization offers hands-on, lab-based STEM education, emphasizing real-world problem-solving, creativity, and skill-building. This empowers youth to engineer solutions to overcome poverty in their own countries. Additionally, Stempower Inc aims to enhance engineering skills, which completes a country's production value chain, leading to increased exports, decreased imports, and reduced dependency. Ultimately, the organization aims to improve education, competency, innovation, and career prospects on a national scale, raising the overall standard of living for all.
Official website here: www.stempower.org
Who is the CEO of Stempower Inc?
Mark Gelfand is the President/Executive Direct of Stempower Inc.
Official website here: www.stempower.org
What is the revenue of Stempower Inc?
Stempower Inc's revenue in 2021 was $2,991,666.
Official website here: www.stempower.org
Who are the executives of Stempower Inc and what are their salaries?
The average compensation at Stempower Inc during 2021 was $41,594. There are 3 employees and 15 volunteers at Stempower Inc.
Here are 7 key members and their salaries:
- Compensation: $95,384
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.stempower.org
Where can I find the form 990 for Stempower Inc?
Stempower Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.stempower.org
Learn more at the official website: www.stempower.org
Mission Statement of Stempower Inc
Stempower Inc, a nonprofit organization, is dedicated to providing pre-university students with the opportunity to address societal issues and strengthen nations through the application of STEM education. By offering hands-on, lab-based learning experiences, Stempower Inc encourages problem-solving, creativity, and skill-building. This empowers youth to engineer solutions for their communities, helping to alleviate entrenched poverty. Furthermore, Stempower Inc's STEM education contributes to a country's production value chain, leading to increased exports, decreased imports, and reduced dependency. Ultimately, Stempower Inc's mission aims to enhance education, competency, innovation, and career opportunities on a national scale, lifting up the entire community.
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Impact
July, 2024
Stempower Inc's impact lies in its mission to provide pre-university students with the tools and skills needed to solve societal problems, strengthen nations, and foster empowerment through STEM education. By offering hands-on lab-based STEM education that emphasizes real-world problem-solving, creativity, and skill-building, Stempower empowers youth to engineer solutions that lift their homeland out of poverty. Additionally, the organization's focus on developing engineering skills contributes to a country's production value chain, leading to increased exports, reduced imports, and decreased dependency. Overall, Stempower's work enhances education, competency, innovation, and career opportunities on a national scale, positively impacting the future of many individuals and communities.
This information is meant to be a general summary of Stempower 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 2021.
- Gross Receipts: $2,991,666
Assets and Liabilities:
- Total Assets: $1,242,676
- Total Liabilities: $100,612
- Net Assets: $1,142,064
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Organization Details
Founding Year
2018
Phone
(703) 463-4468Principal Officer
Mark Gelfand
Main Address
65 GALLOUPES POINT ROAD, SWAMPSCOTT, MA, 01907
Website
www.stempower.orgNTEE Category
Code: P20 - Human services
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