STEM Preparatory Academy
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$17,082,970.00
Projected Expenses
$16,566,180.00
Organizational Budgets and Other Documents
| STEM budget FY24 | 2024 |
| STEM budget FY23 | 2023 |
| STEM budget FY22 | 2022 |
| STEM budget FY20 | 2020 |
| STEM budget FY19 | 2019 |
| STEM budget FY18 | 2018 |
| STEM budget FY17 | 2017 |
| STEM Budget | 2016 |
IRS Letter of Exemption
| STEM Preparatory Academy IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $16,250,518.00 | $16,997,797.00 | |
| Total Expenses | $14,533,871.00 | $11,749,158.00 | |
| Revenue Less Expenses | ($-0.00) | $1,716,647.00 | $5,248,639.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $15,931,526.00 | $16,786,280.00 | |
| Contributions, Gifts, and Grants | $157,672.00 | $174,094.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $161,320.00 | $37,423.00 | |
| Investment Income, Net of Losses | $0.00 | $0.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $0.00 | $0.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $10,261,633.00 | $8,540,513.00 | |
| Administration Expense | $4,272,238.00 | $3,208,645.00 | |
| Fundraising Expense | $0.00 | $0.00 | |
| Total Revenue/Total Expenses | 112% | 145% | |
| Program Expense/Total Expenses | 71% | 73% | |
| Fundraising Expense/Contributed Revenue | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Government Grants $15,931,526.00 | Government Grants $16,786,280.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Program Revenue $161,320.00 | Contributions, Gifts, and Grants $174,094.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $157,672.00 | Program Revenue $37,423.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $21,886,725.00 | $14,161,717.00 | |
| Current Assets | $11,097,203.00 | $7,649,360.00 | |
| Long-Term Liabilities | $7,023,851.00 | $4,619,945.00 | |
| Current Liabilities | $5,647,884.00 | $2,024,570.00 | |
| Total Net Assets | $9,214,990.00 | $7,517,202.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Under Extension
Form 990s
Audit Documents
Foundation Staff Comments
| Financial figures taken from the 990. Corporate and foundation grants may be included in Contribution, Gifts, and Grants sum, as these amounts are not separated in Form 990. Financial documents prepared by Crosslin, PLLC. Comment provided by Hayley Sulfridge 8/31/23. |
