Civic Intelligence

Isteam Academy Inc.

990EZ • Fiscal year 2022 • EIN 83-4689764

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 30, 2023

14 Hastings RdLexington, MA 02421

(617) 763-5948

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

34th percentile

-3.7%

Higher net margin than 34% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

13th percentile

-39%

Faster asset growth than 13% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

85th percentile

110%

Faster revenue growth than 85% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$11,121

Down $7,222 (-39%) from 2021

Net Assets

Down

$11,121

Down $7,222 (-39%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$196,865

Up $103,191 (+110%) from 2021

Expenses

Up

$204,087

Up $123,285 (+153%) from 2021

Net Income

Down

-$7,222

Down $20,094 (-156%) from 2021

Historical Trend

Balance Sheet Trend

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

$20K$15K$10K$5.0K$0Assets 2020: $5,471Liabilities 2020: $0Net Assets 2020: $5,4712020Assets 2021: $18,343Liabilities 2021: $0Net Assets 2021: $18,3432021Assets 2022: $11,121Liabilities 2022: $0Net Assets 2022: $11,1212022Assets 2023: $10,799Liabilities 2023: $0Net Assets 2023: $10,7992023Assets 2024: $16,052Liabilities 2024: $0Net Assets 2024: $16,0522024

Highlighted filing

2022

Assets$11,121
Liabilities$0
Net Assets$11,121

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2020: $72,020Expenses 2020: $72,337Net Income 2020: -$3172020Revenue 2021: $93,674Expenses 2021: $80,802Net Income 2021: $12,8722021Revenue 2022: $196,865Expenses 2022: $204,087Net Income 2022: -$7,2222022Revenue 2023: $264,397Expenses 2023: $264,719Net Income 2023: -$3222023Revenue 2024: $133,971Expenses 2024: $128,718Net Income 2024: $5,2532024

Highlighted filing

2022

Revenue$196,865
Expenses$204,087
Net Income-$7,222
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 30, 2023
Return Version
2022v5.0
Gross Receipts
$196,865
Mission and Program Overview

Mission

SEE SCHEDULE O

Program Services

DescriptionGrantsExpenses
SEE SCHEDULE O-$36,788
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
XIANGBO MENGPresidentPT$0--
XIANGBO MENGTreasurerPT$0--
CHENYU LINDirectorPT$0--
CHENYU LINClerkPT$0--
XIANGBO MENGChairman Of The BoardPT$0--
XIANGBO MENGDirectorPT$0--
MINMIN CAIDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Isteam Academy Inc
EIN
83-4689764
Address
14 Hastings Rd, Lexington, MA 02421

Signing Officer

Name
xiangbo meng
Title
president
Phone
6177635948
Signed
2023-08-30
Discuss with paid preparer
Yes

Preparer

Firm
Ks and Lz Accounting LLC
Address
594 MARRETT RD STE 20, LEXINGTON, MA 02421
Preparer
Yutian Zhang
Phone
6178660174
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

Description AmountDepreciation from 4562 4,482Operation Expenses 25,214Marketing 1,999Competition Cost 28,564Tax payment 10,269

Part III response or note to any other line in Part III

Form 990-ez, part iii-organizations primary exempt purposewe operate exclusively for educational, scientific, and charitable purpose under section 501(c)(3) of internal reveune code 1954 or any amended or suddessor provision thereto;(a) to provide students with the ideal robotics and steam education environment to grow and refine studentsproblem solving skills, team collaboration, and innovation spirits through a series of hands-on, interdisciplinary, and project-based programs.(b) to advance scientific inquires;(c) to creat programs to improve educational practce;and (d) to carry on other non-profit and non-political activities in furtherance of the foregoing and consistent with the requirements and constraints of section 501(c)(3) of the internal revenue code. (e) isteam academy inc, as permitted by law, engage in any activities in furtherance of, related to, or incidental to these purpose which may be lawful carried on by a corporation formed under chapter 180 of the general laws of massachusetts and which are not inconsistent with the corporations qualification as an organazation described in section 501(c)(3) of internal revenue code or corresponding section of any future tax code. Form 990-ez, part iii, line28-statement of program service accomplishment:we work with professionals and specialists to customize robotics curriculums, and bring robotics to the classroom of local specia schools.we guide students to work collaboratively as a team and maximize their creativity potential as well as individualized their paths to sussess.our team started in 2018, we have attended over to vex robotics competitions around the state of mass. We went against different teams and received awards due to our performances.starts from 2019, shadow bot and lightning bot are two awesome middle school team that won many trophies and awards.both teams made to the vex robotics world championship in 2019-2020 season.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990-EZ, PART III-ORGANIZATIONS PRIMARY EXEMPT PURPOSEWE OPERATE EXCLUSIVELY FOR EDUCATIONAL, SCIENTIFIC, AND CHARITABLE PURPOSE UNDER SECTION 501(C)(3) OF INTERNAL REVEUNE CODE 1954 OR ANY AMENDED OR SUDDESSOR PROVISION THERETO;(A) TO PROVIDE STUDENTS WITH THE IDEAL ROBOTICS AND STEAM EDUCATION ENVIRONMENT TO GROW AND REFINE STUDENTSPROBLEM SOLVING SKILLS, TEAM COLLABORATION, AND INNOVATION SPIRITS THROUGH A SERIES OF HANDS-ON, INTERDISCIPLINARY, AND PROJECT-BASED PROGRAMS.(B) TO ADVANCE SCIENTIFIC INQUIRES;(C) TO CREAT PROGRAMS TO IMPROVE EDUCATIONAL PRACTCE;AND (D) TO CARRY ON OTHER NON-PROFIT AND NON-POLITICAL ACTIVITIES IN FURTHERANCE OF THE FOREGOING AND CONSISTENT WITH THE REQUIREMENTS AND CONSTRAINTS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. (E) ISTEAM ACADEMY INC, AS PERMITTED BY LAW, ENGAGE IN ANY ACTIVITIES IN FURTHERANCE OF, RELATED TO, OR INCIDENTAL TO THESE PURPOSE WHICH MAY BE LAWFUL CARRIED ON BY A CORPORATION FORMED UNDER CHAPTER 180 OF THE GENERAL LAWS OF MASSACHUSETTS AND WHICH ARE NOT INCONSISTENT WITH THE CORPORATIONS QUALIFICATION AS AN ORGANAZATION DESCRIBED IN SECTION 501(C)(3) OF INTERNAL REVENUE CODE OR CORRESPONDING SECTION OF ANY FUTURE TAX CODE. FORM 990-EZ, PART III, LINE28-STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENT:WE WORK WITH PROFESSIONALS AND SPECIALISTS TO CUSTOMIZE ROBOTICS CURRICULUMS, AND BRING ROBOTICS TO THE CLASSROOM OF LOCAL SPECIA SCHOOLS.WE GUIDE STUDENTS TO WORK COLLABORATIVELY AS A TEAM AND MAXIMIZE THEIR CREATIVITY POTENTIAL AS WELL AS INDIVIDUALIZED THEIR PATHS TO SUSSESS.OUR TEAM STARTED IN 2018, WE HAVE ATTENDED OVER TO VEX ROBOTICS COMPETITIONS AROUND THE STATE OF MASS. WE WENT AGAINST DIFFERENT TEAMS AND RECEIVED AWARDS DUE TO OUR PERFORMANCES.STARTS FROM 2019, SHADOW BOT AND LIGHTNING BOT ARE TWO AWESOME MIDDLE SCHOOL TEAM THAT WON MANY TROPHIES AND AWARDS.BOTH TEAMS MADE TO THE VEX ROBOTICS WORLD CHAMPIONSHIP IN 2019-2020 SEASON.
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