Civic Intelligence

Red River STEM Inc.

990 • Fiscal year 2023 • EIN 83-1184822

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 13, 2024

820 Clyde Fant ParkwayShreveport, LA 71101

(318) 424-3466

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.27x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

48th percentile

0.08x

Higher debt load relative to revenue than 48% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

39th percentile

-0.2%

Higher net margin than 39% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

76th percentile

$123,077

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

11th percentile

-13%

Faster asset growth than 11% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

23rd percentile

-12%

Faster revenue growth than 23% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$755,460

Down $113,008 (-13%) from 2022

Net Assets

Down

$553,103

Down $4,317 (-0.8%) from 2022

Liabilities

Down

$202,357

Down $108,691 (-35%) from 2022

Revenue

Down

$2,585,171

Down $341,184 (-12%) from 2022

Expenses

Down

$2,589,488

Down $1,184,362 (-31%) from 2022

Net Income

Up

-$4,317

Up $843,178 (+99%) from 2022

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2018: $110,230Liabilities 2018: $36,071Net Assets 2018: $74,1592018Assets 2019: $764,685Liabilities 2019: $112,069Net Assets 2019: $652,6162019Assets 2020: $922,805Liabilities 2020: $191,346Net Assets 2020: $731,4592020Assets 2021: $1,650,854Liabilities 2021: $245,939Net Assets 2021: $1,404,9152021Assets 2022: $868,468Liabilities 2022: $311,048Net Assets 2022: $557,4202022Assets 2023: $755,460Liabilities 2023: $202,357Net Assets 2023: $553,1032023Assets 2024: $843,724Liabilities 2024: $194,736Net Assets 2024: $648,9882024

Highlighted filing

2023

Assets$755,460
Liabilities$202,357
Net Assets$553,103

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2018: $484,237Expenses 2018: $410,078Net Income 2018: $74,1592018Revenue 2019: $2,006,209Expenses 2019: $1,449,331Net Income 2019: $556,8782019Revenue 2020: $1,368,892Expenses 2020: $1,290,049Net Income 2020: $78,8432020Revenue 2021: $2,894,805Expenses 2021: $2,221,349Net Income 2021: $673,4562021Revenue 2022: $2,926,355Expenses 2022: $3,773,850Net Income 2022: -$847,4952022Revenue 2023: $2,585,171Expenses 2023: $2,589,488Net Income 2023: -$4,3172023Revenue 2024: $2,934,970Expenses 2024: $2,839,085Net Income 2024: $95,8852024

Highlighted filing

2023

Revenue$2,585,171
Expenses$2,589,488
Net Income-$4,317
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 13, 2024
Return Version
2023v5.1
Gross Receipts
$2,646,920
Mission and Program Overview

Mission

NONE

The mission of red river stem inc is to provide educational programming relatated to science, technology, engineering, and mathematics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$557,420$553,103▼ $4,317
Land, Buildings, and Equipment, Net$566,772$466,906▼ $99,866
Cash and Non-Interest-Bearing Accounts$157,679$186,300▲ $28,621
Accounts Receivable$105,257$102,254▼ $3,003
Prepaid Expenses and Deferred Charges$38,760$0▼ $38,760
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$868,468$755,460▼ $113,008
Liabilities
Accounts Payable and Accrued Expenses$189,532$163,791▼ $25,741
Deferred Revenue$121,516$32,907▼ $88,609
Other Liabilities$0$5,659▲ $5,659
Total Liabilities$311,048$202,357▼ $108,691
Net Assets / Fund Balance
Total Net Assets Fund Balance$557,420$553,103▼ $4,317
Total Liabilities and Net Assets / Fund Balance$868,468$755,460▼ $113,008

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$466,906$467,418-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dianne ClarkExecutive DirectorFT$123,077$123,077

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,349,835
Program Service Revenue
$1,178,934
Investment Income
$0
Other Revenue
$56,402
All Other Contributions
$660,338
Change in Net Assets
$-4,317
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,323,850
Salaries, Compensation, and Employee Benefits$1,265,638
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$972,152$293,486-$1,265,638
Occupancy$406,502$14,000-$420,502
Depreciation Depletion$131,340$19,518-$150,858
Advertising-$125,325-$125,325
Fees for Services Other$36,369$45,403-$81,772
Insurance$62,422$7,362-$69,784
Fees for Services Accounting-$43,962-$43,962
Other Expenses$45,151$20,035-$20,035
Travel$15,793--$15,793
All Other Expenses$7,941--$7,941
Total Functional Expenses$2,005,881$583,607$0$2,589,488
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$61,749
Fundraising Gross Income$58,072
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
Current Portion-debt$5,659
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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, Section B, Line 11B

The form 990 is presented and reviewed by the board chair, executive director, and finance committee.

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

A conflict of interest statement must be signed annually by board members and staff. Each person is required to disclose any potential conflict of interest such as financial relationship, agency board member, etc.

Form 990, Part VI, Section B, Line 15A

The executive committee and board approve the compensation for the executive director. The compensation will be based on similarly situated taxable and tax exempt organizations providing similar services.

Form 990, Part VI, Section C, Line 18

The organization makes its form 1023 and form 990 available for viewing on the guidestar website.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are kept on file in corporation's office and are available for anyone to review upon request.

Filing and Contact Details

Filer

Filer Name
Red River Stem Inc
EIN
83-1184822
Phone
3184243466
Address
820 CLYDE FANT PARKWAY, SHREVEPORT, LA 71101

Signing Officer

Name
Dianne Clark
Title
Executive Director
Phone
3184243466
Signed
2024-09-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dianne Clark
Formed
2018
Legal Domicile
La
Voting Board Members
13
Independent Board Members
22
Employees
65
Volunteers
0

Preparer

Firm
Carr Riggs & Ingram LLC
Address
1000 E PRESTON AVE STE 200, SHREVEPORT, LA 71105
Preparer
Pamela G Perkins CPA
Phone
3182222222
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Red river stem is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code and comparable state law as a charitable organization whereby only unrelated business income, as defined by section 509(a)(1) of the code is subject to federal income tax. Red river stem currently has no unrelated business income. Accordingly, no provision for income taxes has been recorded. Red river stem adopted the provisions of fasb asc 740-10-25, income taxes - recognition, on january 1, 2018. Under fasb asc 740-10-25, an organization must recognize the tax benefit associated with tax taken for tax return purposes when it is more likely than not the position will be sustained. The implementation of this standard had no impact on the red river stem's financial statements. Red river stem does not believe there are any material uncertain tax positions and, accordingly, it will not recognize any liability for unrecognized tax benefits. For the years ended december 31, 2023 and 2022, there were no interest or penalties recorded or included in its financial statements. The tax years from 2020 to 2022 are still open and subject to examination.

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IRS990/Form990PartVIISectionAGrp/TitleTxt19ADVISORY
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02018
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingDirectExpensesAmt061749
IRS990/FundraisingGrossIncomeAmt058072
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt0689497
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02646920
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt022
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt07362
IRS990/InsuranceGrp/ProgramServicesAmt062422
IRS990/InsuranceGrp/TotalAmt069784
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0467418
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0566772
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0466906
IRS990/LandBldgEquipCostOrOtherBssAmt0934324
IRS990/LegalDomicileStateCd0LA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0NONE
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0557420
IRS990/NetAssetsOrFundBalancesEOYAmt0553103
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-3677
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-3677
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt014000
IRS990/OccupancyGrp/ProgramServicesAmt0406502
IRS990/OccupancyGrp/TotalAmt0420502
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1IMAX
IRS990/OtherExpensesGrp/Desc2CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc3OTHER
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012961
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11555
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt220035
IRS990/OtherExpensesGrp/ProgramServicesAmt0164784
IRS990/OtherExpensesGrp/ProgramServicesAmt1163427
IRS990/OtherExpensesGrp/ProgramServicesAmt245151
IRS990/OtherExpensesGrp/TotalAmt0177745
IRS990/OtherExpensesGrp/TotalAmt1163427
IRS990/OtherExpensesGrp/TotalAmt246706
IRS990/OtherExpensesGrp/TotalAmt320035
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt05659
IRS990/OtherRevenueMiscGrp/BusinessCd0532420
IRS990/OtherRevenueMiscGrp/Desc0RENT REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt060079
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt060079
IRS990/OtherRevenueTotalAmt060079
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0293486
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0972152
IRS990/OtherSalariesAndWagesGrp/TotalAmt01265638
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt038760
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0DIANNE CLARK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/BusinessCd4611710
IRS990/ProgramServiceRevenueGrp/Desc0ADMISSIONS
IRS990/ProgramServiceRevenueGrp/Desc1IMAX
IRS990/ProgramServiceRevenueGrp/Desc2CONCESSIONS
IRS990/ProgramServiceRevenueGrp/Desc3SUMMER AND HOLIDAY CAM
IRS990/ProgramServiceRevenueGrp/Desc4BIRTHDAY PARTIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0673834
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1139649
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2115480
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt371313
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt467022
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0673834
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1139649
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2115480
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt371313
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt467022
IRS990/ProgSrvcAccomActy2Grp/Desc0CITY OF SHREVEPORT SUPPORTS THE ORGANIZATION BY PROVIDING FUNDS TO COVER EXPENSES FOR THE THE USE OF THE SCI-PORT DISCOVERY CENTER BUILDING.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0451653
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0446788
IRS990/ProgSrvcAccomActy3Grp/Desc0OTHER SIGNIFICANT PROGRAMS INCLUDE: POWER OF PLAY, IMAX, OUTREACH, SUMMER CAMPS, AND BIRTHDAY PARTIES
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0977645
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01178934
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01881655
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02724807
IRS990/PYOtherRevenueAmt032403
IRS990/PYProgramServiceRevenueAmt01012297
IRS990/PYRevenuesLessExpensesAmt0-847495
IRS990/PYSalariesCompEmpBnftPaidAmt01049043
IRS990/PYTotalExpensesAmt03773850
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02926355
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-4317
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0599706
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0557420
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0553103
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01349835
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01881655
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01980673
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0919408
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01066310
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07197881
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt060079
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt035855
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt010044
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt07110
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt025380
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0138468
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04268600

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