Civic Intelligence

STEM Preparatory Academy

990 • Fiscal year 2019 • EIN 27-2163445

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 03, 2020

Organization ProfileWWW.STEMPREPACADEMY.ORG
1162 Foster AvenueNashville, TN 37211

(615) 921-2200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.75x

Higher debt load relative to assets than 84% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

72nd percentile

0.63x

Higher debt load relative to revenue than 72% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

38th percentile

0.3%

Higher net margin than 38% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

39th percentile

$146,925

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

67th percentile

9.5%

Faster asset growth than 67% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

71st percentile

13%

Faster revenue growth than 71% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$9,799,116

Up $1,944,847 (+25%) from 2017

Net Assets

Up

$2,437,217

Up $734,835 (+43%) from 2017

Liabilities

Up

$7,361,899

Up $1,210,012 (+20%) from 2017

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin38th percentile

Revenue

Up

$11,658,809

Up $2,945,943 (+34%) from 2017

Expenses

Up

$11,621,400

Up $3,259,855 (+39%) from 2017

Net Income

Down

$37,409

Down $313,912 (-89%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2012: $298,057Liabilities 2012: $52,839Net Assets 2012: $245,2182012Assets 2016: $5,375,374Liabilities 2016: $4,024,313Net Assets 2016: $1,351,0612016Assets 2017: $7,854,269Liabilities 2017: $6,151,887Net Assets 2017: $1,702,3822017Assets 2019: $9,799,116Liabilities 2019: $7,361,899Net Assets 2019: $2,437,2172019Assets 2020: $10,889,736Liabilities 2020: $8,621,173Net Assets 2020: $2,268,5632020Assets 2021: $14,161,717Liabilities 2021: $6,644,515Net Assets 2021: $7,517,2022021Assets 2022: $21,886,725Liabilities 2022: $12,671,735Net Assets 2022: $9,214,9902022Assets 2024: $22,706,350Liabilities 2024: $10,844,177Net Assets 2024: $11,862,1732024

Highlighted filing

2019

Assets$9,799,116
Liabilities$7,361,899
Net Assets$2,437,217
Open 2019 Filing

Operations Trend

Revenue Growth71st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2012: $1,168,7842012Revenue 2016: $6,252,090Expenses 2016: $5,491,418Net Income 2016: $760,6722016Revenue 2017: $8,712,866Expenses 2017: $8,361,545Net Income 2017: $351,3212017Revenue 2019: $11,658,809Expenses 2019: $11,621,400Net Income 2019: $37,4092019Revenue 2020: $11,742,212Expenses 2020: $11,910,866Net Income 2020: -$168,6542020Revenue 2021: $16,997,797Expenses 2021: $11,749,158Net Income 2021: $5,248,6392021Revenue 2022: $16,250,518Expenses 2022: $14,533,871Net Income 2022: $1,716,6472022Revenue 2024: $19,682,192Expenses 2024: $17,981,624Net Income 2024: $1,700,5682024

Highlighted filing

2019

Revenue$11,658,809
Expenses$11,621,400
Net Income$37,409
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 3, 2020
Return Version
2018v3.1
Gross Receipts
$11,658,809
Mission and Program Overview

Mission

To provide a college preparatory education with an integrated focus on science, technology, engineering, and mathematics, to fifth through twelfth grade students in south nashville.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,334,463$7,565,642▲ $1,231,179
Cash and Non-Interest-Bearing Accounts$1,645,355$1,238,270▼ $407,085
Prepaid Expenses and Deferred Charges$243,708$366,279▲ $122,571
Accounts Receivable$143,077$44,353▼ $98,724
Total Assets$8,950,458$9,799,116▲ $848,658
Other Assets Total$583,855$584,572▲ $717
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,627,923$5,171,847▲ $543,924
Other Liabilities$1,148,936$1,137,982▼ $10,954
Accounts Payable and Accrued Expenses$612,538$849,088▲ $236,550
Deferred Revenue$161,253$202,982▲ $41,729
Total Liabilities$6,550,650$7,361,899▲ $811,249
Net Assets / Fund Balance
Unrestricted Net Assets$2,399,808$2,437,217▲ $37,409
Total Net Assets Fund Balance$2,399,808$2,437,217▲ $37,409
Total Liabilities and Net Assets / Fund Balance$8,950,458$9,799,116▲ $848,658

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$5,230,734$1,939,401$7,170,135
Other Land Buildings$1,315,887$654,862$1,970,749
Buildings$841,060$16,969$858,029
Equipment$177,961$499,578$677,539
Other Assets Org$584,572--
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dr Kristin McgranerExecutive DirectorFT$146,925$146,925

Board Members and Trustees

NameTitle
Marty SzeigisBoard Chair
Anne DavisBoard Director
Dr Marilyn OdomBoard Director
Mara RiveraBoard Director
Mohammed ShukriBoard Director
Dr Julie HudsonSecretary
Marees ChoppinTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Family & Children ServicesContracted Services2400 CLIFTON AVE, Nashville, TN 37209$183,390
Servicefm LLCContracted Services1200 BELL LANE SUITE C, New Albany, IN 47150$169,772
School Facility ManagementTemporary Building800 18TH AVE S, Nashville, TN 37203$159,244
Revenue and Support

Revenue Composition

Contributions and Grants
$11,513,112
Program Service Revenue
$145,697
Investment Income
$0
Other Revenue
$0
All Other Contributions
$330,639
Change in Net Assets
$37,409

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,658,809
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$11,658,809
Total Revenue per Form 990
$11,658,809
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,501,250
Other Expenses$5,120,150
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,915,474$1,059,924-$4,975,398
Depreciation Depletion$798,784$199,696-$998,480
Fees for Services Other-$998,409-$998,409
Travel$981,982--$981,982
Occupancy$723,959$180,990-$904,949
Other Employee Benefits$460,081$124,544-$584,625
Pension Plan Contributions$316,134$85,578-$401,712
Payroll Taxes$308,955$83,635-$392,590
Interest-$267,973-$267,973
Office Expenses-$213,032-$213,032
Current Officers, Directors, Trustees, and Key Employees$115,625$31,300-$146,925
Other Expenses$84,434$78,951-$78,951
Fees for Services Accounting-$70,434-$70,434
Total Functional Expenses$8,206,270$3,415,130$0$11,621,400

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,621,400
Total Expenses per Audited Statements$11,621,400
Total Expenses per Form 990$11,621,400
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Inflows of Resources - Pension$555,975
Deferred Inflows of Resources - Tenant Improvement Allowance$438,000
Net Pension Liability$144,007
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Stem's finance committee and board of directors are provided a copy of the form 990 for comment and review. Upon approval, the form 990 is released for filing.”

Form 990, Part VI, Section B, Line 12C

“Conflict of interest policy forms are submitted to all board members on an annual basis. Forms are completed and signed each year by each board member. The board convenes every month, at which time any conflicts of interest are addressed. Any board member who is subject to a conflict of interest is required to abstain from voting on the matter from which the conflict arises.”

Form 990, Part VI, Section B, Line 15

“Independent board members determine management, officer, and key employees compensation. Compensation is based on industry standard and negotiation.”

Form 990, Part VI, Section C, Line 18

“The organization's form 990 is made available for public inspection at https://givingmatters.guidestar.org.”

Form 990, Part VI, Section C, Line 19

“Organization documents can be obtained by contacting the director of operations at stem preparatory academy.”

Filing and Contact Details

Filer

Filer Name
Stem Preparatory Academy
EIN
27-2163445
Phone
6159212200
Address
1162 FOSTER AVENUE, NASHVILLE, TN 37211

Signing Officer

Name
Dr Kristin Mcgraner
Title
Executive Director
Phone
6159212204
Signed
2020-04-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Kristin Mcgraner
Formed
2010
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
7
Employees
137
Volunteers
10

Preparer

Firm
Crosslin Pllc
Address
3803 BEDFORD AVENUE SUITE 103, NASHVILLE, TN 37215
Preparer
Steven D Warren
Phone
6153205500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Stem preparatory academy is a not-for-profit organization that is exempt from federal income taxes under the internal revenue code, classified by the internal revenue service as other than a private foundation and is similarly exempt from state income taxes. Stem accounts for the effect of any uncertain tax positions based on a more likely than not threshold to the recognition of the tax positions being sustained based on the technical merits of the position under examination by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a cumulative probability assessment that aggregates the estimated tax liability for all uncertain tax positions. Tax positions for stem include, but are not limited to, the tax-exempt status and determination of whether income is subject to unrelated business income tax; however, stem has determined that such tax positions do not result in an uncertainty requiring recognition.”

Raw XML AppendixShowing 400 of 462 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0TO PROVIDE A COLLEGE PREPARATORY EDUCATION WITH AN INTEGRATED FOCUS ON SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS, TO FIFTH THROUGH TWELFTH GRADE STUDENTS IN SOUTH NASHVILLE.
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IRS990/Desc0IN 2019, STEM CELEBRATED ITS EIGHTH ANNIVERSARY OF SERVING THE FAMILIES OF THE SOUTH NASHVILLE COMMUNITY. THOUGH MUCH HAS CHANGED SINCE THE INAUGURAL YEAR, OUR COMMITMENT TO OUR STUDENTS AND THEIR FAMILIES CONTINUES TO PERSIST. STEM SERVES A UNIQUE, HIGHLY DIVERSE POPULATION AND HAS ESTABLISHED A TRACK RECORD OF OUTSTANDING ACADEMIC RESULTS, ACHIEVED WITH UNMATCHED FISCAL EFFICIENCY. STEM CONTINUES TO OUTPERFORM PEER SCHOOLS THROUGHOUT THE STATE ACROSS ALL SUBJECT AREAS.SINCE ITS INCEPTION, STEM HAS ACCOUNTED FOR 100% OF THE "EXCELLING" SEATS IN THE CLUSTER, AS DETERMINED BY THE SCHOOL DISTRICT'S ACADEMIC PERFORMANCE FRAMEWORK. MOREOVER, ENGLISH LEARNERS ACHIEVE LANGUAGE PROFICIENCY ON AVERAGE IN ONE TO TWO YEARS AT STEM, COMPARED TO FIVE TO SEVEN YEARS IN DISTRICT EL PROGRAMS.FOR MORE INFORMATION REGARDING STEM PREP'S 2019 ACADEMIC ACCOMPLISHMENTS, PLEASE CONTACT THE SCHOOL'S EXECUTIVE DIRECTOR, DR. KRISTIN MCGRANER, AT THE ADDRESS OR TELEPHONE NUMBER STATED ON PAGE 1 OF THE FORM 990.
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0180990
IRS990/OccupancyGrp/ProgramServicesAmt0723959
IRS990/OccupancyGrp/TotalAmt0904949
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0213032
IRS990/OfficeExpensesGrp/TotalAmt0213032
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0583855
IRS990/OtherAssetsTotalGrp/EOYAmt0584572
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0124544
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0460081
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0584625
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3ORGANIZATIONAL DEVELOPM
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt119598
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt278951
IRS990/OtherExpensesGrp/ProgramServicesAmt0312746
IRS990/OtherExpensesGrp/ProgramServicesAmt1188096
IRS990/OtherExpensesGrp/ProgramServicesAmt284434
IRS990/OtherExpensesGrp/TotalAmt0312746
IRS990/OtherExpensesGrp/TotalAmt1189162
IRS990/OtherExpensesGrp/TotalAmt2104032
IRS990/OtherExpensesGrp/TotalAmt378951
IRS990/OtherLiabilitiesGrp/BOYAmt01148936
IRS990/OtherLiabilitiesGrp/EOYAmt01137982
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01059924
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03915474
IRS990/OtherSalariesAndWagesGrp/TotalAmt04975398
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd01
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt083635
IRS990/PayrollTaxesGrp/ProgramServicesAmt0308955
IRS990/PayrollTaxesGrp/TotalAmt0392590
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt085578
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0316134
IRS990/PensionPlanContributionsGrp/TotalAmt0401712
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0243708
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0366279
IRS990/PrincipalOfficerNm0DR KRISTIN MCGRANER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0141602
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14095
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0141602
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14095
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
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IRS990/PYOtherRevenueAmt00
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IRS990/PYRevenuesLessExpensesAmt0697426
IRS990/PYSalariesCompEmpBnftPaidAmt05675881
IRS990/PYTotalExpensesAmt09616209
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010313635
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd01
IRS990/ReconcilationRevenueExpnssAmt037409
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0145697
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0841060
IRS990ScheduleD/BuildingsGrp/DepreciationAmt016969
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0858029
IRS990ScheduleD/EquipmentGrp/BookValueAmt0177961
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0499578
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0677539
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt011621400
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt05230734
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01939401
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt07170135
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0584572
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS OF RESOURCES - PENSION
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0654862
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01970749
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0555975
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1438000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2144007
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS OF RESOURCES - PENSION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS OF RESOURCES - TENANT IMPROVEMENT ALLOWANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NET PENSION LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt011658809
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0STEM PREPARATORY ACADEMY IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE INTERNAL REVENUE CODE, CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION AND IS SIMILARLY EXEMPT FROM STATE INCOME TAXES. STEM ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A MORE LIKELY THAN NOT THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A CUMULATIVE PROBABILITY ASSESSMENT THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. TAX POSITIONS FOR STEM INCLUDE, BUT ARE NOT LIMITED TO, THE TAX-EXEMPT STATUS AND DETERMINATION OF WHETHER INCOME IS SUBJECT TO UNRELATED BUSINESS INCOME TAX; HOWEVER, STEM HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07565642
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0584572
IRS990ScheduleD/TotalExpensesPerForm990Amt011621400
IRS990ScheduleD/TotalLiabilityAmt01137982
IRS990ScheduleD/TotalRevenuePerForm990Amt011658809
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011658809
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011621400
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ALL POLICIES ARE INCLUDED IN ALL ENROLLMENT AND REGISTRATION DOCUMENTS AND MATERIALS
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1STEM IS A FREE PUBLIC SCHOOL, THEREFORE QUESTION 4B IS NOT APPLICABLE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2STEM PREPARATORY ACADEMY IS A PUBLIC CHARTER SCHOOL. AS SUCH, STEM RECEIVES LOCAL, STATE, AND FEDERAL FINANCIAL ASSISTANCE IN THE SAME MANNER AS A TRADITIONAL PUBLIC SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STEM'S FINANCE COMMITTEE AND BOARD OF DIRECTORS ARE PROVIDED A COPY OF THE FORM 990 FOR COMMENT AND REVIEW. UPON APPROVAL, THE FORM 990 IS RELEASED FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST POLICY FORMS ARE SUBMITTED TO ALL BOARD MEMBERS ON AN ANNUAL BASIS. FORMS ARE COMPLETED AND SIGNED EACH YEAR BY EACH BOARD MEMBER. THE BOARD CONVENES EVERY MONTH, AT WHICH TIME ANY CONFLICTS OF INTEREST ARE ADDRESSED. ANY BOARD MEMBER WHO IS SUBJECT TO A CONFLICT OF INTEREST IS REQUIRED TO ABSTAIN FROM VOTING ON THE MATTER FROM WHICH THE CONFLICT ARISES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INDEPENDENT BOARD MEMBERS DETERMINE MANAGEMENT, OFFICER, AND KEY EMPLOYEES COMPENSATION. COMPENSATION IS BASED ON INDUSTRY STANDARD AND NEGOTIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S FORM 990 IS MADE AVAILABLE FOR PUBLIC INSPECTION AT HTTPS://GIVINGMATTERS.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ORGANIZATION DOCUMENTS CAN BE OBTAINED BY CONTACTING THE DIRECTOR OF OPERATIONS AT STEM PREPARATORY ACADEMY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt08950458
IRS990/TotalAssetsEOYAmt09799116
IRS990/TotalAssetsGrp/BOYAmt08950458
IRS990/TotalAssetsGrp/EOYAmt09799116
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt011513112
IRS990/TotalEmployeeCnt0137
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03415130
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt08206270
IRS990/TotalFunctionalExpensesGrp/TotalAmt011621400
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06550650
IRS990/TotalLiabilitiesEOYAmt07361899
IRS990/TotalLiabilitiesGrp/BOYAmt06550650
IRS990/TotalLiabilitiesGrp/EOYAmt07361899
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02399808
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02437217
IRS990/TotalOtherCompensationAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,799,116
Liabilities
$7,361,899
Net assets
$2,437,217
Revenue
$11,658,809
Expenses
$11,621,400
Net income
$37,409
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.7$10.8$11.9$19.7$18.0$1.70
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.9$12.7$9.21$16.3$14.5$1.72
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$6.64$7.52$17.0$11.7$5.25
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.9$8.62$2.27$11.7$11.9$0.17
2019Detailed filing. Detailed filing data is available for this year.$9.80$7.36$2.44$11.7$11.6$0.04
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.85$6.15$1.70$8.71$8.36$0.35
2016Detailed filing. Detailed filing data is available for this year.$5.38$4.02$1.35$6.25$5.49$0.76
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.05$0.25$1.17