Stem Library Lab
- Assets
- $418.7k
- Revenue
- $624.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Metairie, LA
- Founding
- 12/2016
- Data as of
- 06/2023
- EIN
- 81-4564985
Organization Overview
Stem Library Lab is located in Metairie, LA. The organization was established in 2016. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2023, Stem Library Lab employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stem Library Lab is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Stem Library Lab generated $624.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 66.5% each year . All expenses for the organization totaled $550.7k during the year ending 06/2023. While expenses have increased by 69.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
STEM LIBRARY LAB FOSTERS HIGH-QUALITY ACTIVE LEARNING BY PROVIDING TEACHERS WITH ACCESS TO EQUIPMENT, PROGRAMS, EXPERIENCES AND STEM INSTRUCTIONAL SUPPORT TO DRIVE STUDENT SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EQUIPMENT LENDING CO-OP LIBRARY OF SCIENCE AND STEM EQUIPMENT FOR TEACHERS TO BORROW. THE PROGRAM BENEFITS 350 TEACHERS AND 17,000 STUDENTS.
TEACHER FREE-STORE ROOM OF CLASSROOM ESSENTIALS FOR TEACHERS TO TAKE AND KEEP. THE PROGRAM BENEFITS 400 TEACHERS AND 19,000 STUDENTS.
SERVICE LEARNING PROGRAM CONNECTING TEACHERS WITH CLASSROOM GRANTS TO CREATE HANDS-ON SERVICE LEARNING PROJECTS WITH THEIR STUDENTS. THE PROGRAM BENEFITS 45 TEACHERS AND 1,400 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cobren Greer Board Chair | $0 | ||
Sarah Sievert Board Secretary | $0 | ||
Karen Marshall Board Member | $0 | ||
Michelle Sanchez Board Member | $0 | ||
Lindsay Carter Board Member | $0 | ||
Todd Wackerman Executive Director | OfficerTrustee | 60 | $54,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $77,450 |
| Fundraising events | $80,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $308,729 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $466,179 |
| Total Program Service Revenue | $69,038 |
| Investment income | $1,070 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,570 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $624,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $298,250 |
| Compensation of current officers, directors, key employees. | $19,333 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,002 |
| Payroll taxes | $22,706 |
| Fees for services: Management | $14,706 |
| Fees for services: Legal | $540 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,752 |
| Office expenses | $818 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,513 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $24,848 |
| All other expenses | $90,097 |
| Total functional expenses | $550,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $418,658 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $418,658 |
| Accounts payable and accrued expenses | $39,969 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $39,969 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $378,689 |
| Total liabilities and net assets/fund balances | $418,658 |