Civic Intelligence

STEM Next Opportunity Fund

990 • Fiscal year 2017 • EIN 81-4834326

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 25, 2018

704 J StreetSan Diego, CA 92101

(619) 505-9127

Siviq Scores

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

Liabilities / Assets

54th percentile

0.20x

Higher debt load relative to assets than 54% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

44th percentile

0.13x

Higher debt load relative to revenue than 44% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

91st percentile

51%

Higher net margin than 91% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Assets

$5,025,622

No earlier filing loaded for comparison.

Net Assets

$4,232,650

No earlier filing loaded for comparison.

Liabilities

$792,972

No earlier filing loaded for comparison.

Revenue

$8,242,526

No earlier filing loaded for comparison.

Expenses

$4,009,876

No earlier filing loaded for comparison.

Net Income

$4,232,650

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2017: $5,025,622Liabilities 2017: $792,972Net Assets 2017: $4,232,6502017Assets 2018: $4,219,485Liabilities 2018: $562,036Net Assets 2018: $3,657,4492018Assets 2019: $3,790,651Liabilities 2019: $402,343Net Assets 2019: $3,388,3082019Assets 2020: $5,313,172Liabilities 2020: $421,370Net Assets 2020: $4,891,8022020Assets 2021: $10,305,213Liabilities 2021: $893,880Net Assets 2021: $9,411,3332021Assets 2022: $11,167,712Liabilities 2022: $780,555Net Assets 2022: $10,387,1572022Assets 2023: $6,161,399Liabilities 2023: $1,942,257Net Assets 2023: $4,219,1422023Assets 2024: $5,530,908Liabilities 2024: $1,234,534Net Assets 2024: $4,296,3742024

Highlighted filing

2017

Assets$5,025,622
Liabilities$792,972
Net Assets$4,232,650

Operations Trend

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

$20M$10M$0-$10MRevenue 2017: $8,242,526Expenses 2017: $4,009,876Net Income 2017: $4,232,6502017Revenue 2018: $2,608,075Expenses 2018: $3,401,869Net Income 2018: -$793,7942018Revenue 2019: $2,482,969Expenses 2019: $2,753,264Net Income 2019: -$270,2952019Revenue 2020: $5,459,706Expenses 2020: $3,958,449Net Income 2020: $1,501,2572020Revenue 2021: $10,913,896Expenses 2021: $6,389,871Net Income 2021: $4,524,0252021Revenue 2022: $12,130,436Expenses 2022: $10,860,086Net Income 2022: $1,270,3502022Revenue 2023: $7,760,112Expenses 2023: $14,283,863Net Income 2023: -$6,523,7512023Revenue 2024: $10,459,673Expenses 2024: $10,376,037Net Income 2024: $83,6362024

Highlighted filing

2017

Revenue$8,242,526
Expenses$4,009,876
Net Income$4,232,650
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 25, 2018
Return Version
2017v2.2
Gross Receipts
$8,807,526
Mission and Program Overview

Mission

Building inclusion and opportunity for millions of young people and closing the gender gap in stem careers.

Bringing high-quality STEM learning to millions of young people and closing the gender gap in STEM careers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$5,025,622-
Accounts Receivable-$565,000-
Prepaid Expenses and Deferred Charges-$1,064-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$0$5,591,686▲ $5,591,686
Other Assets Total-$0-
Liabilities
Grants Payable-$654,543-
Accounts Payable and Accrued Expenses-$461,153-
Other Liabilities-$22,532-
Total Liabilities$0$1,138,228▲ $1,138,228
Net Assets / Fund Balance
Unrestricted Net Assets-$3,608,773-
Temporarily Rstr Net Assets-$844,685-
Total Net Assets Fund Balance$0$4,453,458▲ $4,453,458
Total Liabilities and Net Assets / Fund Balance$0$5,591,686▲ $5,591,686
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ronald OttingerSecretaryFT$100,023$100,023

Board Members and Trustees

NameTitle
Pendred NoycePresident
Robert SchwartzTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
TIES - Teaching Institute for Essential ScienStrategic AdvisorPO Box 18050, Cleveland Heights, OH 44118$534,504
Feldsteinco LLCFundraising400 North Michigan Avenue Suite 16, Chicago, IL 60611$150,000
Revenue and Support

Revenue Composition

Contributions and Grants
$8,807,526
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$8,807,526
Change in Net Assets
$4,453,458

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,807,526
Total Revenue per Audited Statements
$8,807,526
Total Revenue per Form 990
$8,807,526
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,675,830
Other Expenses$1,319,835
Total Fundraising Expense$271,294
Salaries, Compensation, and Employee Benefits$206,888
Professional Fundraising Fees$151,515

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,675,830--$2,675,830
Fees for Services Other$1,138,638$70,349$48,888$1,257,875
Fees for Services Professional Fundraising--$151,515$151,515
Current Officers, Directors, Trustees, and Key Employees$38,400$19,200$38,400$96,000
Other Salaries and Wages$17,213$40,661$9,234$67,108
Other Employee Benefits$6,566$8,197$5,245$20,008
Occupancy$9,444$5,666$3,777$18,887
Travel$4,509$7,562$6,189$18,260
Payroll Taxes$4,769$5,133$4,085$13,987
Pension Plan Contributions$3,211$4,009$2,565$9,785
Fees for Services Legal-$9,687-$9,687
Office Expenses$92$5,154$252$5,498
Insurance$906$2,235$215$3,356
Information Technology$195$3,079$42$3,316
Other Expenses$1,478$591$887$2,956
Total Functional Expenses$3,901,251$181,523$271,294$4,354,068

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,354,068
Total Expenses per Audited Statements$4,354,068
Total Expenses per Form 990$4,354,068
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Afterschool AllianceWashington, DC-STEM Education & Grantmaking$531,020
National 4H Imagine ScienceChevy Chase, MD-STEM Education & Grantmaking$500,000
Maine Math and ScienceAugusta, ME-STEM Education & Grantmaking$428,378
Boys & Girls Club of AmericaAtlanta, GA-STEM Education & Grantmaking$250,000
Univ of Nebraska - LincolnLincoln, NE-STEM Education & Grantmaking$200,000
PacsciSeattle, WA-STEM Education & Grantmaking$121,905
AZ Center Afterschool ExcellPhoenix, AR-STEM Education & Grantmaking$120,000
New Mexico Out of School NtwkAlbuquerque, NM-STEM Education & Grantmaking$120,000
YMCA of the USAChicago, IL-STEM Education & Grantmaking$100,000
University of WashingtonSeattle, WA-STEM Education & Grantmaking$92,920
National Summer LearningBaltimore, MD-STEM Education & Grantmaking$75,000
Public School Forum of NCRaleigh, NC-STEM Education & Grantmaking$60,000
National Afterschool AssnDorchester, MA-STEM Education & Grantmaking$34,607
New York FoundationNew York, NY-STEM Education & Grantmaking$30,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$151,515
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Vacation Accrual$12,746
Retirement Contribution Payable$9,786
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
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
No
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, Line 11B: Form 990 Review Process

Reviewed for accuracy and completeness by staff and governing body.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

If a potential conflict of interest exists, the board member, staff member, consultant or other agent must fully disclose the potential conflict to the board. The interested person will absent himself or herself from any related discussion or vote, and the meeting minutes will reflect that this person is not participating in the discussion. However, the board may request that the interested person be present during a discussion in order to provide clarifying information.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Some corporate documents available upon request

Filing and Contact Details

Filer

Filer Name
STEM Next Opportunity Fund
EIN
81-4834326
Phone
6195059127
Address
704 J Street, San Diego, CA 92101

Signing Officer

Name
Ronald Ottinger
Title
Secretary
Signed
2018-09-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronald Ottinger
Formed
2016
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
2
Employees
4
Volunteers
2

Preparer

Firm
For Purpose Law Group
Address
1435 30th Street, San Diego, CA 92102
Preparer
May L Harris Esq
Phone
6197803839
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