Liabilities / Assets
70th percentile
Higher debt load relative to assets than 70% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.02x
Liabilities / Revenue
86th percentile
Higher debt load relative to revenue than 86% of similar nonprofits.
Net Margin
66th percentile
Higher net margin than 66% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
62nd percentile
Faster asset growth than 62% of similar nonprofits.
Revenue Growth
86th percentile
Faster revenue growth than 86% of similar nonprofits.
Balance Sheet
Assets
Up$48,161
Up $3,830 (+8.6%) from 2022
Net Assets
Up$47,161
Up $4,830 (+11%) from 2022
Liabilities
Down$1,000
Down $1,000 (-50%) from 2022
Revenue And Expenses
Revenue
Up$5,553
Up $2,299 (+71%) from 2022
Expenses
Up$4,825
Up $3,057 (+173%) from 2022
Net Income
Down$728
Down $758 (-51%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2022 to Jun 30, 2023
- Signed
- Sep 21, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $5,553
Mission and Program Overview
Mission
To fund scholarships for high school students
To fund scholarships for high school graduates
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Two scholarships for 2022 graduates of 1000 each cashed in July 2023 plus two scholarships for 2023 graduates one cashed in June 2023 and the other cashed in August 2023 | $4,000 | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Joel Blackmer | President | - | $0 | - | - |
| Daniel Brothers | Treasurer | - | $0 | - | - |
| Robert Blayer | Clerk | - | $0 | - | - |
| Trey Blackmer | Director | - | $0 | - | - |
| Robert Dana | Director | - | $0 | - | - |
| Tim Hurley | Director | - | $0 | - | - |
| Todd Norman | Director | - | $0 | - | - |
| Patricia Rockett | Director | - | $0 | - | - |
| Samuel Stern | Director | - | $0 | - | - |
| Sylvia Stern | Director | - | $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 R Blackmer
- Title
- President
- Phone
- 7815729002
- Signed
- 2023-09-21
Supplemental Narrative
Additional Explanations
Schedule O:
“Part 1, line 10 Grants or similar amounts paid Two scholarships of $1000 each given in June 2022 and cashed in July 2022 plus two scholarships of $1000 each given in June 2023, one cashed in June 2023 and one cashed in August 2023. Total $4000 paid in 2023. Part 1, line 16 Other Expenses Directors & Officers insurance $698 + MA Attorney General filing fee $35 + 2021 990EZ filing fee $85 + Dividend reinvestment charge $7 = $825. Part 1, line 20 Other changes in net assets or fund balances Beginning investment account balance $39,815 plus dividends & interest of $813 less reinvestment fees of $7 = $40,621 plus growth/appreciation of stock value of $2102 = $42,723 (Year End investment account balance) Stock appreciation of $2102 + $2000 prior years liabilities, paid this year = Adjustment of $4,102. Part 2, Total liabilities One scholarship of $1000, given in June 2023 and cashed in August 2023.”
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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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| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 1000 |
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| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Part 1, line 10 Grants or similar amounts paid Two scholarships of $1000 each given in June 2022 and cashed in July 2022 plus two scholarships of $1000 each given in June 2023, one cashed in June 2023 and one cashed in August 2023. Total $4000 paid in 2023. Part 1, line 16 Other Expenses Directors & Officers insurance $698 + MA Attorney General filing fee $35 + 2021 990EZ filing fee $85 + Dividend reinvestment charge $7 = $825. Part 1, line 20 Other changes in net assets or fund balances Beginning investment account balance $39,815 plus dividends & interest of $813 less reinvestment fees of $7 = $40,621 plus growth/appreciation of stock value of $2102 = $42,723 (Year End investment account balance) Stock appreciation of $2102 + $2000 prior years liabilities, paid this year = Adjustment of $4,102. Part 2, Total liabilities One scholarship of $1000, given in June 2023 and cashed in August 2023. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule O: |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Joel R Blackmer |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7815729002 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-09-21 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | STERNYS WAY INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | STER |
| ReturnHeader/Filer/EIN | 0 | 832234169 |
| ReturnHeader/Filer/PhoneNum | 0 | 7815729002 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 20 SEAVIEW AVE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MARBLEHEAD |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 01945 |
| ReturnHeader/ReturnTs | 0 | 2023-09-21T15:00:02Z |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | Joel |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | R Blackmer |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-06-30 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $48,161
- Liabilities
- $1,000
- Net assets
- $47,161
- Revenue
- $5,553
- Expenses
- $4,825
- Net income
- $728