Civic Intelligence

Stream Foundation

990 • Fiscal year 2023 • EIN 85-1991763

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

3131 Turtle Creek Blvd Suite 920Dallas, TX 75219

(972) 850-0081

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.00x

Higher debt load relative to assets than 63% of similar nonprofits.

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

Liabilities / Revenue

61st percentile

0.00x

Higher debt load relative to revenue than 61% of similar nonprofits.

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

Net Margin

23rd percentile

-15%

Higher net margin than 23% of similar nonprofits.

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

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.

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

Asset Growth

18th percentile

-29%

Faster asset growth than 18% of similar nonprofits.

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

Revenue Growth

50th percentile

4.4%

Faster revenue growth than 50% of similar nonprofits.

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

Assets

Down

$117,051

Down $47,954 (-29%) from 2022

Net Assets

Down

$116,511

Down $47,507 (-29%) from 2022

Liabilities

Down

$540

Down $447 (-45%) from 2022

Revenue

Up

$229,898

Up $9,646 (+4.4%) from 2022

Expenses

Up

$264,680

Up $134,474 (+103%) from 2022

Net Income

Down

-$34,782

Down $124,828 (-139%) from 2022

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2020: $5,279Liabilities 2020: $02020Assets 2021: $73,972Liabilities 2021: $0Net Assets 2021: $73,9722021Assets 2022: $165,005Liabilities 2022: $987Net Assets 2022: $164,0182022Assets 2023: $117,051Liabilities 2023: $540Net Assets 2023: $116,5112023Assets 2024: $40,375Liabilities 2024: $1,107Net Assets 2024: $39,2682024

Highlighted filing

2023

Assets$117,051
Liabilities$540
Net Assets$116,511

Operations Trend

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

$300K$200K$100K$0-$100K-$200KRevenue 2020: $6,148Expenses 2020: $869Net Income 2020: $5,2792020Revenue 2021: $141,922Expenses 2021: $73,229Net Income 2021: $68,6932021Revenue 2022: $220,252Expenses 2022: $130,206Net Income 2022: $90,0462022Revenue 2023: $229,898Expenses 2023: $264,680Net Income 2023: -$34,7822023Revenue 2024: $172,122Expenses 2024: $284,365Net Income 2024: -$112,2432024

Highlighted filing

2023

Revenue$229,898
Expenses$264,680
Net Income-$34,782
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$240,979
Mission and Program Overview

Mission

STREAM Foundation was formed to educate, train, mentor and provide scholarship and internship opportunities to students from underrepresented groups in the area of asset management with the ultimate goal of increasing industry representations. In order to accomplish its goal, STREAM Foundation will utilize a two-pronged approach. First, STREAM Foundation provides education, training and networking opportunities for students from underrepresented minority groups. STREAM Foundation will also assist students in obtaining internships or other work experience with asset management firms in order to allow students to learn more about the industry, gain valuable experience and deepen and expand their professional networks. Second, STREAM Foundation will aim to create change in the asset management industry's recruiting, hiring and retention practices with respect to underrepresented minority candidates and employees. Finally, STREAM Foundation provides college students with scholarships.

STREAM Foundation was formed to educate, train, mentor, and provide scholarship and internship opportunities to students from underrepresented groups in the area of asset management with the ultimate goal of increasing industry representations. In order to accomplish its goal, STREAM Foundation will utilize a two pronged approach. First, STREAM Foundation provides education, training and networking opportunities for students from underrepresented minority groups. STREAM Foundation will also assist students in obtaining internships or other work experience with asset management firms in order to allow students to learn more about the industry, gain valuable experience and deepen and expand their professional networks. Second, STREAM Foundation will aim to create change in the asset management industry's recruiting, hiring and retention practices with respect to underrepresented minority candidates and employees. Finally, STREAM Foundation provides college students with scholarships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$130,875$90,648▼ $40,227
Accounts Receivable$10,175$17,075▲ $6,900
Cash and Non-Interest-Bearing Accounts$22,081$7,991▼ $14,090
Land, Buildings, and Equipment, Net$1,872$1,337▼ $535
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$165,005$117,051▼ $47,954
Other Assets Total$2$0▼ $2
Liabilities
Accounts Payable and Accrued Expenses$987$540▼ $447
Total Liabilities$987$540▼ $447
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$140,463$116,511▼ $23,952
Net Assets With Donor Restrictions$23,555--
Total Net Assets Fund Balance$164,018$116,511▼ $47,507
Total Liabilities and Net Assets / Fund Balance$165,005$117,051▼ $47,954

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,337$1,334$2,671
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ellis ThomasPresident
Daryl ChambersDirector
Erika LehmerDirector
Jeremiah LoefflerDirector
Matthew McKamyDirector
Monica GuerreroDirector
Andrew RosellSecretary
Somer WashingtonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$188,255
Program Service Revenue
$0
Investment Income
$4,850
Other Revenue
$36,793
All Other Contributions
$188,255
Change in Net Assets
$-34,782
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$160,713
Salaries, Compensation, and Employee Benefits$73,094
Other Expenses$30,873
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$160,713--$160,713
Other Salaries and Wages-$59,970-$59,970
Payroll Taxes-$13,124-$13,124
Other Expenses-$6,579-$6,579
Travel-$5,379-$5,379
Fees for Services Accounting-$3,995-$3,995
Office Expenses-$3,768-$3,768
Fees for Service Investment Mgmnt Fees-$945-$945
Depreciation Depletion-$535-$535
Interest-$135-$135
Total Functional Expenses$160,713$103,967$0$264,680
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$47,506
Fundraising Direct Expenses$11,081
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Closing Ceremony$28,684$28,684$3,370$25,314
Stream$18,822$18,822-$18,822
Total Events$47,506$47,506$11,081$36,425
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
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

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Stream Foundation
EIN
85-1991763
Phone
9728500081
Address
3131 Turtle Creek Blvd Suite 920, Dallas, TX 75219

Signing Officer

Name
Matt McKamy
Title
Director
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt McKamy
Formed
2020
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
100

Preparer

Firm
Chopelas Tax and Small Business Services
Address
3906 Crimson Wing Drive, Indian Trail, NC 28079
Preparer
Branden Chopelas CPA
Phone
7042689748
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IRS990/Desc0In 2023 we provided 35 internships to students from underserved communities. These internships were completed by college students from around the country with several leading asset management firms in Austin, Cincinnati, Dallas, Houston, Fort Worth, and New York. Each of our interns was provided at a minimum $10,000 in total compensation via salary from the asset managers and/or scholarship assistance provided by our organization. During 2023, our organization granted $150,213.15 to our 35 interns. We have 41 internships in 2024 and are expanding into even more US cities. During the internships, we host educational events with senior members of the investment community to 1 expand the students' network, 2 provide insights into asset management roles across all segments of the industry and/or 3 discuss experiences senior members working in asset management that are part of these underserved communities have faced and the challenges they have had to navigate. Another service that will be providing under the program is each student will be assigned a mentor from a different asset management firm to further expand his/her network and provide helpful insights and guidance. Our intern alumni have gone on to complete subsequent internships or enter the workforce full-time at reputable organizations such as Aksia, Bank of America, Canyon Partners, Citigroup, Crestline, Goldman Sachs, JP Morgan and Teacher Retirement System of Texas, to name a few. We have assisted in placing them in these roles and will continue to be supportive as each enters the workforce. We have brought awareness to the industry through educational presentations at several colleges, universities, and student organizations since our founding. These presentations were to move forward our cause of educating students from underserved communities about asset management and what our organization was doing to increase the number of roles for people from these communities.
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IRS990/PrincipalOfficerNm0Matt McKamy
IRS990/PriorPeriodAdjustmentsAmt0-12725
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IRS990/ProgSrvcAccomActy2Grp/Desc0We have begun bringing awareness and educational content to younger students High school through what will become an annual stock challenge. In 2022, we supported students in collaboration with other non-profits including: BigBrother/BigSister Dallas, DISD, Young Women's Preparatory Network, UME Preparatory Academy, and Uplift Education. We have presented to high school students about the industry and hope to create a pipeline of talent that will eventually be attending college and can apply for the aforementioned internship opportunities. We are very excited about the things we are working on and the future growth that we're expecting
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt010500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0196853
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0122457
IRS990/PYInvestmentIncomeAmt01353
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt07749
IRS990/PYOtherRevenueAmt022046
IRS990/PYRevenuesLessExpensesAmt090046
IRS990/PYTotalExpensesAmt0130206
IRS990/PYTotalRevenueAmt0220252
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-34782
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0130875
IRS990/SavingsAndTempCashInvstGrp/EOYAmt090648
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0270763
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0254482
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0141917
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt06108
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0673270
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04850
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01353
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt06208
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0285
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0285
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0673270
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0270763
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0254482
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0141917
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt06108
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0673270
IRS990ScheduleA/TotalSupportAmt0679763
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01337
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01334
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02671
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01337
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt011081
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0874
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0874
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Closing Ceremony
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0STREAM
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt04837
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt04837
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt028684
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt018822
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt047506
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt028684
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt018822
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt047506
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt036425
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt03370
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03370
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt02000
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt02000
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0150213
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt110500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Intern Scholarship for College
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Intern Scholarship for HS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt035
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt121
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0Cash Basis
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc1cash
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Scholarships to college students is manged through an application process. Applicants complete a form including several essay questions to narrow down the recipient pool based upon need and merit. Top applicants go through several rounds of interviews before the final scholarship recipients are selected.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
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IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0165005
IRS990/TotalAssetsEOYAmt0117051
IRS990/TotalAssetsGrp/BOYAmt0165005
IRS990/TotalAssetsGrp/EOYAmt0117051
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0188255
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0160713
IRS990/TotalFunctionalExpensesGrp/TotalAmt0264680
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0987
IRS990/TotalLiabilitiesEOYAmt0540
IRS990/TotalLiabilitiesGrp/BOYAmt0987
IRS990/TotalLiabilitiesGrp/EOYAmt0540
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0164018
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0116511
IRS990/TotalProgramServiceExpensesAmt0160713
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt04850
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0368
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0229898
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0165005
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0117051
IRS990/TravelGrp/ManagementAndGeneralAmt05379
IRS990/TravelGrp/TotalAmt05379
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt08
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