Civic Intelligence

STEM Next Opportunity Fund

990 • Fiscal year 2020 • EIN 81-4834326

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 22, 2021

2305 Historic Decatur Rd 100San Diego, CA 92106

(619) 505-9127

Siviq Scores

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

Liabilities / Assets

37th percentile

0.08x

Higher debt load relative to assets than 37% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

27th percentile

0.08x

Higher debt load relative to revenue than 27% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

81st percentile

27%

Higher net margin than 81% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

89th percentile

$314,374

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

86th percentile

40%

Faster asset growth than 86% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

94th percentile

120%

Faster revenue growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$5,313,172

Up $1,522,521 (+40%) from 2019

Net Assets

Up

$4,891,802

Up $1,503,494 (+44%) from 2019

Liabilities

Up

$421,370

Up $19,027 (+4.7%) from 2019

Revenue

Up

$5,459,706

Up $2,976,737 (+120%) from 2019

Expenses

Up

$3,958,449

Up $1,205,185 (+44%) from 2019

Net Income

Up

$1,501,257

Up $1,771,552 (+655%) from 2019

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: $5,591,686Liabilities 2017: $1,138,228Net Assets 2017: $4,453,4582017Assets 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

2020

Assets$5,313,172
Liabilities$421,370
Net Assets$4,891,802

Operations Trend

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

$20M$10M$0-$10MRevenue 2017: $8,807,526Expenses 2017: $4,354,068Net Income 2017: $4,453,4582017Revenue 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

2020

Revenue$5,459,706
Expenses$3,958,449
Net Income$1,501,257
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 22, 2021
Return Version
2020v4.0
Gross Receipts
$5,459,706
Mission and Program Overview

Mission

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

STEM Next Opportunity Fund is a national leader, strategic guide, policy advocate, and investor that is bringing about a transformative expansion of high-quality and inclusive STEM learning opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,258,425$2,733,989▲ $1,475,564
Savings and Temporary Cash Investments$1,003,554$1,491,114▲ $487,560
Investments Other Securities$836,916$586,252▼ $250,664
Pledges and Grants Receivable$690,470$500,000▼ $190,470
Prepaid Expenses and Deferred Charges$1,286$1,817▲ $531
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$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$3,790,651$5,313,172▲ $1,522,521
Other Assets Total-$0-
Liabilities
Other Liabilities$37,168$187,135▲ $149,967
Grants Payable$243,725$119,425▼ $124,300
Accounts Payable and Accrued Expenses$121,450$114,810▼ $6,640
Total Liabilities$402,343$421,370▲ $19,027
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,367,376$3,155,204▲ $787,828
Net Assets With Donor Restrictions$1,020,932$1,736,598▲ $715,666
Total Net Assets Fund Balance$3,388,308$4,891,802▲ $1,503,494
Total Liabilities and Net Assets / Fund Balance$3,790,651$5,313,172▲ $1,522,521
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ron OttingerExec Dir/secFT$293,760$20,614$314,374
Teresa DrewDeputy DirectorFT$172,000$5,224$177,224
Patti CurtisInformal Stem Education FellowFT$160,000$4,864$164,864

Board Members and Trustees

NameTitle
Pendred NoycePresident/Chair
Amy LloydDirector
Dennis BartelsDirector
Gwynn HughesDirector
Robert B SchwartzTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mainspring Consulting LLCStrategic Advisor146 BOULEVARD, Scarsdale, NY 10583$150,000
Revenue and Support

Revenue Composition

Contributions and Grants
$5,436,876
Program Service Revenue
$0
Investment Income
$22,830
Other Revenue
$0
All Other Contributions
$5,436,876
Change in Net Assets
$1,501,257

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$161,359Fair Market Value (FMV)
Total Noncash Contributions2$161,359-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,459,706
Revenue Not Reported on Form 990
$2,236
Total Revenue per Audited Statements
$5,461,942
Total Revenue per Form 990
$5,459,706
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,882,331
Salaries, Compensation, and Employee Benefits$1,040,429
Other Expenses$1,003,694
Total Fundraising Expense$273,905
Professional Fundraising Fees$31,995

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,882,331--$1,882,331
Fees for Services Other$764,014$49,572-$813,586
Current Officers, Directors, Trustees, and Key Employees$520,596$52,044$111,827$684,467
Other Salaries and Wages$54,325$101,103$59,063$214,491
Pension Plan Contributions$44,889$9,525$23,590$78,004
Payroll Taxes$33,108$9,035$9,870$52,013
Occupancy$21,276$12,765$8,510$42,551
Fees for Services Professional Fundraising--$31,995$31,995
Information Technology$27,399$3,569$215$31,183
Travel$17,882$7,403$2,393$27,678
Fees for Services Accounting-$16,840-$16,840
Office Expenses$12,000$834$796$13,630
Other Employee Benefits$5,727$5,727-$11,454
Insurance$3,534$4,787$646$8,967
Fees for Services Legal-$2,657-$2,657
All Other Expenses$196$386-$582
Other Expenses$1,169$463$25,000$463
Total Functional Expenses$3,403,958$280,586$273,905$3,958,449

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,958,449
Total Expenses per Audited Statements$3,958,449
Total Expenses per Form 990$3,958,449
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mclean Hospital PEARBelmont, MA501(c)(3)Family Engagement in Stem Prog.$279,425
Afterschool AllianceWashington, DC501(c)(3)Stem Hub/mgm Communications$150,000
TechnovationLos Angeles, CA501(c)(3)Building Stem Capacity$100,000
Explora Sci Ctr Childrens MoaAlbuquerque, NM501(c)(3)Internship Network for Central Nm$62,000
Cent Susquehanna Interm UnitMilton, PA501(c)(3)Stem Professional Development$55,000
Fund for Education ExcellenceBaltimore, MD501(c)(3)Stem Professional Development$55,000
Indiana Afterschool NetworkIndianapolis, IN501(c)(3)Provide Professional Development$55,000
Iowa Childrens MuseumCoralville, IA501(c)(3)Expand Access to Stem Curriculum$55,000
MA Afterschool PartnershipBoston, MA501(c)(3)CREATE STEM learning OPPORTUNITIES$55,000
Ne Children and Family FdnLincoln, NE501(c)(3)Launch Million Girl Moonshot$55,000
Ny Network for Yourth SuccessTroy, NY501(c)(3)Encourage on Expanding Stem Program$55,000
Oregon AskWilsonville, OR501(c)(3)Meet the Stem Learning Needs$55,000
SC Afterschool AllianceColumbia, SC501(c)(3)Inspire and Prepare Students$55,000
Schools Out WashingtonSeattle, WA501(c)(3)Increase Stem Skills$55,000
Utah Afterschool NetworkSalt Lake City, UT-High Quality of Stem Learning$55,000
Vermont Afterschool INCS Burlington, VT-Implement a Statewide Initiative$55,000
Wyoming Community FoundationLaramie, WY-Develop Stem Learning Capacity$55,000
Techbridge GirlsOakland, CA501(c)(3)Professional Development$48,000
Fdn for CA Comunity CollegesSacramento, CA501(c)(3)Increase Equity in Stem$32,500
Curators of University of MoColumbia, MO501(c)(3)Stem Education, Prof. Development$27,000
Jannus IncBoise, ID501(c)(3)Access to quality STEM learning$27,000
Alaska Childrens TrustAnchorage, AK501(c)3Expand Stem Programming and Access$20,000
Arkansas State UnivState Universit, AR501(c)(3)Access to quality STEM learning$20,000
Az Cntr for School ExcellencePhoenix, AZ501(c)(3)Access to Quality Stem Learning$20,000
Childrens Svc Council of FlTallahassee, FL501(c)(3)Deliver Highquality Stem Curricula$20,000
Ignite AfterschoolMinneapolis, NM501(c)(3)Quality Stem$20,000
Metropolitan Family ServicesChicago, IL501(c)(3)Offer Quality Stem Programming$20,000
Mi Assoc of United WaysLansing, MI501(c)(3)develop and implement STEM strategy$20,000
Public School Forum of Nc IncRaleigh, NC501(c)(3)Advance Stem System-building Effort$20,000
Rural Dynamics IncGreat Falls, MT501(c)(3)Support Access to Stem for Students$20,000
Save the Children FederationFairfield, CT501(c)(3)MILLION GIRLS MOONSHOT: CAP BUILDER$20,000
TX Pship Out of School TimeAustin, TX501(c)(3)Stem Professional Development$20,000
U of Ks Center for ResearchLawrence, KS501(c)(3)Stem/steam Supports$20,000
United Way of Rhode IslandProvidence, RI501(c)(3)Professional Development$20,000
University of AlabamaTuscaloosa, AL-Support Afterschool Project$20,000
University of Maine SystemOrono, ME-Expand Outreach to Afterschool$20,000
West Virginia University FdnMorgantown, WV-Increase Use of Stem Resources$20,000
Inst for Science Education NmLos Alamos, NM501(c)(3)Support for Educators and Providers$10,686
Tumblehome IncBoston, MA501(c)(3)Deliver Mixed-media Edu Prog$8,220
Fresno Superintendent SchoolsFresno, CA501(c)(3)Regional Stem Hub$7,500
Oc Department of EducationCosta Mesa, CA501(c)(3)Regional Stem Hub$7,500
Sd County Office of EducationSan Diego, CA501(c)(3)Regional Stem Hub$7,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$31,995
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
Accrued Retirement$72,127
Accrued Vacation$71,005
Accrued Payroll$31,458
Credit Card Payable$12,545
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
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

The draft form 990 is presented by the cpa and reviewed by the staff and governing body for accuracy and completeness.

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 member 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

Documents subject to public disclosure are made available upon request.

Filing and Contact Details

Filer

Filer Name
Stem Next Opportunity Fund
EIN
81-4834326
Phone
6195059127
Address
2305 HISTORIC DECATUR RD 100, SAN DIEGO, CA 92106

Signing Officer

Name
Gwynn Hughes
Title
Director
Signed
2021-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronald L Ottinger
Formed
2016
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
4
Employees
6
Volunteers
5

Preparer

Firm
Polito Eppich Associates LLP
Address
100 E San Marcos Blvd 100, San Marcos, CA 92069
Preparer
Jessica M Dorsett
Phone
7605999900
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization has analyzed its tax positions taken for filings with the Internal Revenue Service and the State of California. The Organization believes that its income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Organizations financial condition, results of operations, or cash flows. Accordingly, the Organization has not recorded any tax assets or liabilities, or related accruals for interest and penalties for uncertain income tax positions at December 31, 2020 and 2019.

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IRS990/Desc0STEM Next Opportunity Fund is a national, non-profit, non-partisan organization dedicated to scaling high-quality STEM (Science, Technology, Engineering, & Math) learning to millions of young people with a particular focus on increasing access for kids of color, girls and youth in under-resourced communities. Our mission is to build inclusion and opportunity for youth and to close the racial and gender gaps in STEM careers. Through STEM education, STEM Next creates pathways to social and economic opportunity and fuels innovation.At STEM Next, we know STEM learning beyond the classroom inspires youth and prepares them for future success in STEM as well as many other fields. Outside the structured school day, hands-on STEM learning provides a fertile environment to experiment, build confidence and develop life skills like critical thinking, collaboration, perseverance, creativity and communication. Unfortunately, not all young people have equal access to these opportunities. By the 6th grade students from middle- and high-income households receive more than 6,000 hours of informal learning than youth from low-income households. By ensuring STEM learning opportunities for youth are available everywhere, early and often, we are transforming their lives and preparing them for the 21st century economy.STEM Next recognizes the complex barriers that have resulted in far too few women and people of color represented in high-paying STEM fields. Because no single organization or lone programmatic investments can eliminate the stereotype, policy and funding barriers that exist, STEM Next uses a collaborative approach to reach the millions left out of the STEM economy and achieve lasting change.What We DoSTEM Next brings together a diversity of partners and leads synchronized efforts to achieve our common goal of equity in STEM. By leveraging partnerships, STEM Next mobilizes funding and accelerates what works to reach over 10 million young people and 100,000 afterschool and summer programs across all 50 states. For youth, our work increases STEM access, interest, identity, and career knowledge. Our strategies for closing the gender and racial gaps in STEM are: Sharing Research & Insights: Elevating innovation and best practices to support youth in building STEM skills.Advancing Public Policy & Advocacy: Fueling public investments in STEM programs. Leading Awareness Campaigns: Inspiring change-makers, transforming perceptions, and creating urgency for a more diverse, inclusive STEM future for all.Scaling High-Impact Solutions: Providing training, outcome measurement tools, technical assistance and grant funding to networks and afterschool and summer programs in communities across the U.S. to increase access to and deliver high-quality STEM learning.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization has analyzed its tax positions taken for filings with the Internal Revenue Service and the State of California. The Organization believes that its income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Organizations financial condition, results of operations, or cash flows. Accordingly, the Organization has not recorded any tax assets or liabilities, or related accruals for interest and penalties for uncertain income tax positions at December 31, 2020 and 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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