Eastside Stem Hub Inc

Nonprofit profile at a glance

EIN
884301356
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Wilmington, DE, USA
Phone
3027625834
Rating
60
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$4,028,137
Expenses
$326,687
Assets
$25,351,684
Liabilities
$17,834,425

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • M JOCELYN STEWART (PRESIDENT)
  • CECIL GORDON MD (VICE PRESIDENT)

Highest reported compensation

  • AARON BASS (EX-OFFICIO): $275,954 total reported compensation
  • NICHOLAS MADAGLIO (CHIEF FINANCIAL OFFICER): $191,887 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of stem is to assist the eastside charter school ("eastside"), a public charter school chartered under the provisions of Delaware state law 14 del. C. Chapter 5, in providing students with high expectations, critical thinking, responsive and engaging instruction, and the character skills that are necessary to succeed in the world of tomorrow.

What it reported doing in 2024

The purpose of stem is to develop and operate certain real estate to be used exclusively for charitable and educational purposes and, specifically, initially for the operation of a nonprofit charter school that provides children with a safe, nurturing educational environment and a community stem hub (the chemours community stem hub) to offer educational programs to the community.

Operating model

Revenue model
Donor-supported. 92% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 37
  • Transparency & Controls: 65
  • Accountability: 84
  • Sustainability: 77
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 8.1%; rating input score 8
  • Program expense ratio: 99.4%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 91.9%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 77.6; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0.7; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 47.2%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: 106.1% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 67.2% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 26.8% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 8.1% of revenue deployed · 99.4% of spending went to programs
  • Governance: 8 of 8 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $325K in reported program spending
  • Leadership: top reported pay $276K · 10 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 19 of 19 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 8/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.