Civic Intelligence

Sternys Way Inc

EIN 83-2234169 • 501(c)3 • Marblehead, MA

Profile

fund scholarships for high school graduates

20 Seaview AveMarblehead, MA 01945
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

70th percentile

0.02x

Higher debt load relative to assets than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

86th percentile

0.18x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

67th percentile

13%

Higher net margin than 67% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

67th percentile

8.6%

Faster asset growth than 67% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

89th percentile

71%

Faster revenue growth than 89% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$57,989

Up $9,828 (+20%) from 2023

Liabilities

Up

$3,000

Up $2,000 (+200%) from 2023

Net Assets

Up

$54,989

Up $7,828 (+17%) from 2023

Operations
Liabilities / Revenue86th percentileNet Margin67th percentile

Revenue

Down

$5,313

Down $240 (-4.3%) from 2023

Expenses

Down

$3,819

Down $1,006 (-21%) from 2023

Net Income

Up

$1,494

Up $766 (+105%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth67th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2020: $40,144Liabilities 2020: $1,0002020Assets 2021: $46,434Liabilities 2021: $1,0002021Assets 2022: $44,331Liabilities 2022: $2,000Net Assets 2022: $42,3312022Assets 2023: $48,161Liabilities 2023: $1,000Net Assets 2023: $47,1612023Assets 2024: $57,989Liabilities 2024: $3,000Net Assets 2024: $54,9892024

Highlighted filing

2024

Assets$57,989
Liabilities$3,000
Net Assets$54,989
Open 2024 Filing

Operations Trend

Revenue Growth89th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10K$5.0K$0-$5.0KRevenue 2020: $6,734Expenses 2020: $4,134Net Income 2020: $2,6002020Revenue 2021: $369Expenses 2021: $2,762Net Income 2021: -$2,3932021Revenue 2022: $3,254Expenses 2022: $1,768Net Income 2022: $1,4862022Revenue 2023: $5,553Expenses 2023: $4,825Net Income 2023: $7282023Revenue 2024: $5,313Expenses 2024: $3,819Net Income 2024: $1,4942024

Highlighted filing

2024

Revenue$5,313
Expenses$3,819
Net Income$1,494
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$57,989
Liabilities
$3,000
Net assets
$54,989
Revenue
$5,313
Expenses
$3,819
Net income
$1,494
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$58.0$3.00$55.0$5.31$3.82$1.49
2023Detailed filing. Detailed filing data is available for this year.$48.2$1.00$47.2$5.55$4.83$0.73
2022Detailed filing. Detailed filing data is available for this year.$44.3$2.00$42.3$3.25$1.77$1.49
2021Summary only. Only limited summary data is available for this year.$46.4$1.00$0.37$2.76$2.39
2020Summary only. Only limited summary data is available for this year.$40.1$1.00$6.73$4.13$2.60
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 16, 2024
Return Version
2023v5.0
Gross Receipts
$5,313
Mission and Program Overview

Mission

To fund scholarships for high school students

fund scholarships for high school graduates

Program Services

DescriptionGrantsExpenses
two scholarships for 2024 graduates of 1500 each cashed in July 2024 one scholarship for a 2023 graduate was cashed in August 2023$3,000$819
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joel BlackmerPresident-$0--
Dan BrothersTreasurer-$0--
Robert BlayerClerk-$0--
Trey BlackmerDirector-$0--
Robert DanaDirector-$0--
Tim HurleyDirector-$0--
Todd NormanDirector-$0--
Patricia RockettDirector-$0--
Samuel SternDirector-$0--
Sylvia SternDirector-$0--
Filing and Contact Details

Filer

Filer Name
Sternys Way Inc
EIN
83-2234169
Phone
7815729002
Address
20 Seaview Ave, Marblehead, MA 01945

Signing Officer

Name
Joel Blackmer
Title
President
Phone
7815729002
Signed
2024-09-16
Supplemental Narrative

Additional Explanations

Schedule O:

“Part 1.10 Grants and similar amounts paid Two $1500 scholarships granted in June 2024, cashed in July 2024 Part 1.16 Other Expenses Directors and Officers Insurance $698 + MA Attorney General filing fee $36 + E-file tax software $85 = $819 Part 1.20 Other changes in net assets or fund balances Growth of investment account $6334 6/30/2024 balance $50244 less 6/30/2023 balance $42723 = $7521 less interest & dividends $937 less donation $250 = $6334 Part 2.26 Total Liabilities Two $1500 scholarship checks cashed after the end of the fiscal year in July 2024”

Raw XML Appendix208 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Part 1.10 Grants and similar amounts paid Two $1500 scholarships granted in June 2024, cashed in July 2024 Part 1.16 Other Expenses Directors and Officers Insurance $698 + MA Attorney General filing fee $36 + E-file tax software $85 = $819 Part 1.20 Other changes in net assets or fund balances Growth of investment account $6334 6/30/2024 balance $50244 less 6/30/2023 balance $42723 = $7521 less interest & dividends $937 less donation $250 = $6334 Part 2.26 Total Liabilities Two $1500 scholarship checks cashed after the end of the fiscal year in July 2024
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule O:
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Joel Blackmer
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum07815729002
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STERNYS WAY INC
ReturnHeader/Filer/BusinessNameControlTxt0STER
ReturnHeader/Filer/EIN0832234169
ReturnHeader/Filer/PhoneNum07815729002
ReturnHeader/Filer/USAddress/AddressLine1Txt020 Seaview Ave
ReturnHeader/Filer/USAddress/CityNm0Marblehead
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001945
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/ReturnTs02024-09-16T14:30:03Z
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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