Civic Intelligence

Stempower Inc.

990 • Fiscal year 2021 • EIN 83-2778390

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 31, 2023

Organization ProfileWWW.STEMPOWER.ORG
65 Galloupes Point RoadSwampscott, MA 01907

(703) 463-4468

Siviq Scores

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

Liabilities / Assets

50th percentile

0.07x

Higher debt load relative to assets than 50% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

34th percentile

0.03x

Higher debt load relative to revenue than 34% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

38th percentile

6.0%

Higher net margin than 38% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

68th percentile

$95,384

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

72nd percentile

24%

Faster asset growth than 72% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

87th percentile

97%

Faster revenue growth than 87% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$1,278,956

Up $246,696 (+24%) from 2020

Net Assets

Up

$1,189,344

Up $252,543 (+27%) from 2020

Liabilities

Down

$89,612

Down $5,847 (-6.1%) from 2020

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin38th percentile

Revenue

Up

$3,041,969

Up $1,494,430 (+97%) from 2020

Expenses

Up

$2,858,393

Up $2,028,704 (+245%) from 2020

Net Income

Down

$183,576

Down $534,274 (-74%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$1.5M$1.0M$500K$0Assets 2018: $100,000Liabilities 2018: $0Net Assets 2018: $100,0002018Assets 2019: $298,787Liabilities 2019: $79,836Net Assets 2019: $218,9512019Assets 2020: $1,032,260Liabilities 2020: $95,459Net Assets 2020: $936,8012020Assets 2021: $1,278,956Liabilities 2021: $89,612Net Assets 2021: $1,189,3442021Assets 2022: $225,297Liabilities 2022: $23,300Net Assets 2022: $201,9972022Assets 2023: $202,954Liabilities 2023: $15,000Net Assets 2023: $187,9542023Assets 2024: $153,291Liabilities 2024: $8,800Net Assets 2024: $144,4912024

Highlighted filing

2021

Assets$1,278,956
Liabilities$89,612
Net Assets$1,189,344
Open 2021 Filing

Operations Trend

Revenue Growth87th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $100,000Expenses 2018: $0Net Income 2018: $100,0002018Revenue 2019: $880,000Expenses 2019: $761,049Net Income 2019: $118,9512019Revenue 2020: $1,547,539Expenses 2020: $829,689Net Income 2020: $717,8502020Revenue 2021: $3,041,969Expenses 2021: $2,858,393Net Income 2021: $183,5762021Revenue 2022: $2,475,009Expenses 2022: $3,129,239Net Income 2022: -$654,2302022Revenue 2023: $2,331,049Expenses 2023: $2,345,092Net Income 2023: -$14,0432023Revenue 2024: $2,064,457Expenses 2024: $2,107,920Net Income 2024: -$43,4632024

Highlighted filing

2021

Revenue$3,041,969
Expenses$2,858,393
Net Income$183,576
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 31, 2023
Return Version
2021v4.2
Gross Receipts
$2,991,666
Mission and Program Overview

Mission

Science tech engineering & math educ

Stempower, inc.'s mission is to provide pre-university students the opportunity to solve societal problems, strength nations and implement empowerment through the use of stem education. Stempower, inc provides hands-on lab-based stem education emphasizes real-world problem-solving, creativity, and skill-building empowering youth to engineer their homeland away from stubborn poverty. As well as, engineering skills complete a country's production value chain leading to more exports, less imports, and reduced dependency. Lastly, enhances education, competency, innovation, and careers on a national scale that "lifts all boats."

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,028,056$1,235,166▲ $207,110
Prepaid Expenses and Deferred Charges$4,204$7,510▲ $3,306
Total Assets$1,032,260$1,242,676▲ $210,416
Liabilities
Accounts Payable and Accrued Expenses$73,127$78,280▲ $5,153
Unsecured Notes Loans Payable$22,332$22,332→ $0
Total Liabilities$95,459$100,612▲ $5,153
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$936,801$1,142,064▲ $205,263
Total Net Assets Fund Balance$936,801$1,142,064▲ $205,263
Total Liabilities and Net Assets / Fund Balance$1,032,260$1,242,676▲ $210,416
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kidist Gebreamlak Thru Aug 2021President/executive DirectFT$95,384$95,384

Board Members and Trustees

NameTitle
Shachar ZahaviClerk/director
Abebe GirmayDirector
Helen MesfinDirector
Mark GelfandDirector
Tamrat BirhanuDirector
Tim VeldmanTreasurer/CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$2,991,666
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,991,666
Change in Net Assets
$205,263

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
Other Non Cash Contri Table10$164,273Fair Market Value (FMV)
Total Noncash Contributions10$164,273-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,991,666
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$52,757
Total Revenue per Audited Statements
$3,044,423
Total Revenue per Form 990
$2,991,666
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,318,473
Other Expenses$317,279
Salaries, Compensation, and Employee Benefits$150,651
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$2,318,473--$2,318,473
Travel$134,442--$134,442
Current Officers, Directors, Trustees, and Key Employees$71,175$30,503-$101,678
Fees for Services Other-$66,519-$66,519
Office Expenses-$65,894-$65,894
Payroll Taxes$19,556$6,313-$25,869
Other Salaries and Wages-$23,104-$23,104
Occupancy-$21,641-$21,641
Other Expenses-$16,345-$16,345
Fees for Services Accounting-$11,000-$11,000
Fees for Services Legal-$1,438-$1,438
Total Functional Expenses$2,543,646$242,757$0$2,786,403

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,839,160
Expenses per Audited Statements$2,786,403
Total Expenses per Form 990$2,786,403
Expenses Not Reported on Form 990$52,757
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
1
Employees
15
Spending
$2,318,473

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-saharan Africa - Angola, Benin, Botswana, Burkina Faso,Program ServicesStem Education Initiatives115$2,318,473
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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 A, Line 8B

“The organization does not currently have any committees with authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“The organization's governing body reviews the 990 by comparing the data to the financial statements and the organization's general information before it is filed.”

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

“The organization has a written conflict of interest policy and requires all officers, directors and key employees to disclose any interest that could arise to conflict and sign it.”

Form 990, Part VI, Section B, Line 15

“The organization has a written whistleblower policy.”

Form 990, Part VI, Section C, Line 19

“Form 990 is available upon written request and is publicly available on the official website of the attorney general of massachusetts.”

Filing and Contact Details

Filer

Filer Name
Stempower Inc
EIN
83-2778390
Phone
7034634468
Address
65 GALLOUPES POINT ROAD, SWAMPSCOTT, MA 01907

Signing Officer

Name
Mark Gelfand
Title
Director
Phone
7034634468
Signed
2023-08-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Gelfand
Formed
2018
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
6
Employees
3
Volunteers
15

Preparer

Firm
Litmangerson Associates Llp
Address
500 W CUMMINGS PARK SUITE 5650, WOBURN, MA 01801
Preparer
Robert F Hart Jr
Phone
7815694700
Supplemental Narrative

Additional Explanations

PART XII, LINE 2C:

“The organization's board of directors assumes responsibility for oversight of the audit as well as selecting the external auditor.”

Financial Statement Notes

PART X, LINE 2:

“The organization accounts for the uncertainty in income taxes in accordance with fasb asc topic. 740, income taxes (asc 740), which prescribes a recognition threshold of more likely-than-not, and a measurement attribute for all tax positions taken or expected to be taken on a tax return, in order for those tax positions to be recognized in the financial statements. When necessary, the organization accounts for interest and penalties related to uncertain tax positions as part of its provision for income taxes. The organization does not expect that unrecognized tax benefits arising from tax positions will change significantly within the next twelve months.”

Raw XML AppendixShowing 400 of 414 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt073127
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt078280
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0STEMPOWER, INC.'S MISSION IS TO PROVIDE PRE-UNIVERSITY STUDENTS THE OPPORTUNITY TO SOLVE SOCIETAL PROBLEMS, STRENGTH NATIONS AND IMPLEMENT EMPOWERMENT THROUGH THE USE OF STEM EDUCATION. STEMPOWER, INC PROVIDES HANDS-ON LAB-BASED STEM EDUCATION EMPHASIZES REAL-WORLD PROBLEM-SOLVING, CREATIVITY, AND SKILL-BUILDING EMPOWERING YOUTH TO ENGINEER THEIR HOMELAND AWAY FROM STUBBORN POVERTY. AS WELL AS, ENGINEERING SKILLS COMPLETE A COUNTRY'S PRODUCTION VALUE CHAIN LEADING TO MORE EXPORTS, LESS IMPORTS, AND REDUCED DEPENDENCY. LASTLY, ENHANCES EDUCATION, COMPETENCY, INNOVATION, AND CAREERS ON A NATIONAL SCALE THAT "LIFTS ALL BOATS."
IRS990/AllOtherContributionsAmt02991666
IRS990/AmendedReturnInd0X
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum07034634468
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt065 GALLOUPES POINT ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0SWAMPSCOTT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd001907
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01028056
IRS990/CashNonInterestBearingGrp/EOYAmt01235166
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt030503
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt071175
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0101678
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02991666
IRS990/CYGrantsAndSimilarPaidAmt02318473
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0317279
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0205263
IRS990/CYSalariesCompEmpBnftPaidAmt0150651
IRS990/CYTotalExpensesAmt02786403
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02991666
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0TO PROVIDE A HIGHER LEVEL OF SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH EDUCATION THROUGH THE USE OF HANDS ON TRAINING ON LAB EQUIPMENT TO PRE-UNIVERSITY STUDENTS. THE ORGANIZATION COMPLETED THE ORIGINALLY FILED FORM 990 WITH THE BEST AVAILABLE INFORMATION PRIOR TO COMPLETION OF CLOSING ITS BOOKS FOR THE YEAR ENDED DECEMBER 31, 2021. THE ORGANIZATIONS BOOKS HAVE BEEN CLOSED AND THE FINANCIAL STATEMENTS HAVE SINCE BEEN AUDITED; AND, THE AMENDED FORM 990 REFLECTS THE INFORMATION AS PRESENTED ON THE AUDITED FINANCIAL STATEMENTS. THE AMOUNTS REPORTED ON THE ORIGINALLY-FILED FORM 990 AND THE AMENDED FORM 990 ARE SUMMARIZED AS FOLLOWS:TOTAL REVENUE AND SUPPORT - ORIGINAL $3,041,969 - AMENDED $2,991,666TOTAL EXPENSES - ORIGINAL $2,858,393 - AMENDED $2,786,403TOTAL CHANGE IN NET ASSETS - ORIGINAL $183,576 - AMENDED $205,263TOTAL ASSETS - ORIGINAL $1,278,956 - AMENDED $1,242,676TOTAL LIABILITIES - ORIGINAL $89,612 - AMENDED $100,612TOTAL NET ASSETS - ORIGINAL $1,189,344 - AMENDED $1,142,064
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02543646
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt011000
IRS990/FeesForServicesAccountingGrp/TotalAmt011000
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01438
IRS990/FeesForServicesLegalGrp/TotalAmt01438
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt066519
IRS990/FeesForServicesOtherGrp/TotalAmt066519
IRS990/ForeignActivitiesInd01
IRS990/ForeignCountryCd0ET
IRS990/ForeignFinancialAccountInd01
IRS990/ForeignGrantsGrp/ProgramServicesAmt02318473
IRS990/ForeignGrantsGrp/TotalAmt02318473
IRS990/ForeignOfficeInd01
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0KIDIST GEBREAMLAK THRU AUG 2021
IRS990/Form990PartVIISectionAGrp/PersonNm1TIM VELDMAN
IRS990/Form990PartVIISectionAGrp/PersonNm2SHACHAR ZAHAVI
IRS990/Form990PartVIISectionAGrp/PersonNm3MARK GELFAND
IRS990/Form990PartVIISectionAGrp/PersonNm4ABEBE GIRMAY
IRS990/Form990PartVIISectionAGrp/PersonNm5HELEN MESFIN
IRS990/Form990PartVIISectionAGrp/PersonNm6TAMRAT BIRHANU
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt095384
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/EXECUTIVE DIRECT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt2CLERK/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02018
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt02318473
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02991666
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0STEMPOWER, INC.'S MISSION IS TO PROVIDE PRE-UNIVERSITY STUDENTS THE OPPORTUNITY TO SOLVE SOCIETAL PROBLEMS, STRENGTHEN NATIONS AND IMPLEMENT EMPOWERMENT THROUGH THE USE OF STEM EDUCATION. STEMPOWER, INC PROVIDES HANDS-ON LAB-BASED STEM EDUCATION EMPHASIZES REAL-WORLD PROBLEM-SOLVING, CREATIVITY, AND SKILL-BUILDING EMPOWERING YOUTH TO ENGINEER THEIR HOMELAND AWAY FROM STUBBORN POVERTY. AS WELL AS, ENGINEERING SKILLS COMPLETE A COUNTRY'S PRODUCTION VALUE CHAIN LEADING TO MORE EXPORTS, LESS IMPORTS, AND REDUCED DEPENDENCY. LASTLY, ENHANCES EDUCATION, COMPETENCY, INNOVATION, AND CAREERS ON A NATIONAL SCALE THAT "LIFTS ALL BOATS."
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd01
IRS990/NetAssetsOrFundBalancesBOYAmt0936801
IRS990/NetAssetsOrFundBalancesEOYAmt01142064
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0936801
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01142064
IRS990/NoncashContributionsAmt0164273
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt021641
IRS990/OccupancyGrp/TotalAmt021641
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt065894
IRS990/OfficeExpensesGrp/TotalAmt065894
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0FOREIGN CURRENCY EXCHAN
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt016345
IRS990/OtherExpensesGrp/TotalAmt016345
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt023104
IRS990/OtherSalariesAndWagesGrp/TotalAmt023104
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06313
IRS990/PayrollTaxesGrp/ProgramServicesAmt019556
IRS990/PayrollTaxesGrp/TotalAmt025869
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04204
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07510
IRS990/PrincipalOfficerNm0MARK GELFAND
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01547539
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0447874
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0211825
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0717850
IRS990/PYSalariesCompEmpBnftPaidAmt0169990
IRS990/PYTotalExpensesAmt0829689
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01547539
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0205263
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02991666
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01547539
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0880000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0100000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05519205
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0635400
IRS990ScheduleA/SubstantialContributorsTotAmt04883805
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02991666
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01547539
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0880000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0100000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05519205
IRS990ScheduleA/TotalSupportAmt05519205
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt052757
IRS990ScheduleD/DonatedServicesUseFcltsAmt052757
IRS990ScheduleD/ExpensesNotReportedAmt052757
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02786403
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt052757
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02991666
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ACCOUNTS FOR THE UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH FASB ASC TOPIC. 740, INCOME TAXES (ASC 740), WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE LIKELY-THAN-NOT, AND A MEASUREMENT ATTRIBUTE FOR ALL TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN, IN ORDER FOR THOSE TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. WHEN NECESSARY, THE ORGANIZATION ACCOUNTS FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS PART OF ITS PROVISION FOR INCOME TAXES. THE ORGANIZATION DOES NOT EXPECT THAT UNRECOGNIZED TAX BENEFITS ARISING FROM TAX POSITIONS WILL CHANGE SIGNIFICANTLY WITHIN THE NEXT TWELVE MONTHS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt02786403
IRS990ScheduleD/TotalRevenuePerForm990Amt02991666
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03044423
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02839160
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt015
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt02318473
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0STEM EDUCATION INITIATIVES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt02118153
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt136047
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt0DONATED EQUIPMENT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0EFT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1EFT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt1164273
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1EQUIPMENT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0SUB-SAHARAN AFRICA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1SUB-SAHARAN AFRICA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt015
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt02318473
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0STEMPOWER, INC. BOARD OF DIRECTORS REVIEWS REPORTS AND BANK ACCOUNT TRANSFERS TO ITS BRANCH OFFICE LOCATED OUTSIDE OF THE UNITED STATES.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1STEMPOWER, INC. USES THE ACCRUAL METHOD OF ACCOUNTING FOR ITS BRANCH OFFICE OUTSIDE OF THE UNITED STATES AND CONVERTS LOCAL COUNTRY CURRENCY TO U.S. DOLLARS FOR U.S. FINANCIAL REPORTING PURPOSES.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 3:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc2PART III ACCOUNTING METHOD:
IRS990ScheduleF/TotalEmployeeCnt015
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalSpentAmt02318473
IRS990ScheduleF/TransferToForeignCorpInd01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt010
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0EQUIPMENT
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0164273
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE EQUIPMENT IS DONATED TO THE ORGANIZATION FROM THE ETHIOPIAN MINISTRY OF EDUCATION.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT CURRENTLY HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING BODY REVIEWS THE 990 BY COMPARING THE DATA TO THE FINANCIAL STATEMENTS AND THE ORGANIZATION'S GENERAL INFORMATION BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY AND REQUIRES ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES TO DISCLOSE ANY INTEREST THAT COULD ARISE TO CONFLICT AND SIGN IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS A WRITTEN WHISTLEBLOWER POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS AVAILABLE UPON WRITTEN REQUEST AND IS PUBLICLY AVAILABLE ON THE OFFICIAL WEBSITE OF THE ATTORNEY GENERAL OF MASSACHUSETTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AS WELL AS SELECTING THE EXTERNAL AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01032260
IRS990/TotalAssetsEOYAmt01242676
IRS990/TotalAssetsGrp/BOYAmt01032260
IRS990/TotalAssetsGrp/EOYAmt01242676
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02991666
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0242757
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02543646
IRS990/TotalFunctionalExpensesGrp/TotalAmt02786403
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt095459
IRS990/TotalLiabilitiesEOYAmt0100612
IRS990/TotalLiabilitiesGrp/BOYAmt095459
IRS990/TotalLiabilitiesGrp/EOYAmt0100612
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0936801
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01142064
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02543646
IRS990/TotalReportableCompFromOrgAmt095384
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02991666
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01032260
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01242676
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0134442
IRS990/TravelGrp/TotalAmt0134442
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt022332
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt022332
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt065 GALLOUPES POINT ROAD
IRS990/USAddress/CityNm0SWAMPSCOTT
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001907
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.STEMPOWER.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK GELFAND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07034634468
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STEMPOWER INC
ReturnHeader/Filer/BusinessNameControlTxt0STEM
ReturnHeader/Filer/EIN0832778390
ReturnHeader/Filer/PhoneNum07034634468
ReturnHeader/Filer/USAddress/AddressLine1Txt065 GALLOUPES POINT ROAD
ReturnHeader/Filer/USAddress/CityNm0SWAMPSCOTT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001907
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042694095
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LITMANGERSON ASSOCIATES LLP

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,278,956
Liabilities
$89,612
Net assets
$1,189,344
Revenue
$3,041,969
Expenses
$2,858,393
Net income
$183,576
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.15$0.01$0.14$2.06$2.11$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.20$0.02$0.19$2.33$2.35$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.23$0.02$0.20$2.48$3.13$0.65
2021Detailed filing. Detailed filing data is available for this year.$1.28$0.09$1.19$3.04$2.86$0.18
2020Detailed filing. Detailed filing data is available for this year.$1.03$0.10$0.94$1.55$0.83$0.72
2019Detailed filing. Detailed filing data is available for this year.$0.30$0.08$0.22$0.88$0.76$0.12
2018Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.10$0.00$0.10