Stem Careers Foundation
- Assets
- $359.9k
- Revenue
- $102.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 08/2018
- Data as of
- 12/2022
- EIN
- 82-5357069
Organization Overview
Stem Careers Foundation is located in Los Angeles, CA. The organization was established in 2018. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stem Careers Foundation 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 12/2022, Stem Careers Foundation generated $102.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 45.8% each year . All expenses for the organization totaled $47.0k during the year ending 12/2022. While expenses have increased by 39.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
STEM CAREERS FOUNDATION WAS ESTABLISHED AS A MEANS TO FOSTER IN YOUTH A DESIRE TO STUDY SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEM) AND TO PROVIDE SUCH INDIVIDUALS WITH THE FINANCIAL MEANS AND SUPPORT TO PURSUE A CAREER IN THESE FIELDS. TO ACCOMPLISH THIS PURPOSE, THE APPLICANT INTENDS TO PROVIDE (I) COLLEGE SCHOLARSHIPS TO STUDENTS STUDYING STEM FIELDS; (II) FINANCIAL SUPPORT IN THE FORM OF GRANTS TO STEM TEACHERS FOR INNOVATIVE PROJECTS THAT ENGAGE AND ENCOURAGE PRE-COLLEGE AGE STUDENTS TO STUDY STEM FIELDS; AND (III) GRANTS TO U.S. CHARITABLE ORGANIZATIONS WHOSE ACTIVITIES ARE ALIGNED WITH THE ORGANIZATIONS EXEMPT PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SUPPORT TO CALIFORNIA STATE UNIVERSITY LONG BEACH 49ER FOUNDATION FOR THE DOROTHY BENVENISTE BEACH ENGINEERING STUDENT SUCCESS TEAM (BESST) SCHOLARSHIP. "THIS SCHOLARSHIP IS DESIGNED TO SUPPORT THE CONTINUING EDUCATION OF ENGINEERING STUDENTS WHO HAVE A FINANCIAL NEED AND HAVE SUCCESSFULLY COMPLETED THE BESST PROGRAM. SCHOLARSHIPS PROVIDE CSULB STUDENTS ASSISTANCE FOR EDUCATIONALLY RELATED EXPENSES WHILE COMPLETING THEIR DEGREE."
THE ORGANIZATION MAKES GRANTS TO U.S. CHARITABLE ORGANIZATIONS WHOSE ACTIVITIES ARE ALIGNED WITH THE ORGANIZATIONS EXEMPT PURPOSES.
PROVIDED SUPPORT TO PURDUE UNIVERSITY FOR THE DOROTHY J. BENVENISTE STEM SCHOLARSHIP ENDOWMENT (AND SUPPORT ACCOUNT).
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy Benveniste Director/cha | Officer | 1 | $0 |
Jennifer Mulder Secretary/tr | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,000 |
| Total Program Service Revenue | $0 |
| Investment income | $4,559 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,824 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $102,735 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,952 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $46,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,714 |
| Savings and temporary cash investments | $171,092 |
| 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 | $158,121 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $359,927 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $359,927 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $359,927 |
Grants Awarded
Over the last fiscal year, Stem Careers Foundation has awarded $45,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CALIF STATE UNIVERSITY LONG BEACH49ER FOUNDATION PURPOSE: BESST SCHOLARSHIP | $20,000 |
PURDUE FOR LIFE FOUNDATION PURPOSE: STEM SCHOLARSHIP | $25,000 |