Quantum Steam Academy
Nonprofit profile at a glance
- EIN
- 831605019
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024
- Location
- St Paul, MN, USA
- Phone
- 6516156888
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $4,248,790
- Expenses
- $3,875,524
- Assets
- $3,205,473
- Liabilities
- $1,716,251
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Highest reported compensation
- CRESCENCE NABIL (TREASURER): $74,518 total reported compensation
- ABDULAH ALIU (MEMBER): $56,326 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Quantum steam academy charter school accelerates learning through quality instruction, an integrated arts & sciences curriculum, and authentic collaboration that engages leadership, staff, students, families, and communities in the educational enterprise.
What it reported doing in 2024
Quantum steam academy charter school accelerates learning through quality instruction, an integrated arts & sciences curriculum, and authentic collaboration that engages leadership, staff, students, families, and communities in the educational enterprise. Quantum steam academy serves grades pre-k-8.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 90
- Accountability: 77
- Sustainability: 47
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79%; rating input score 79
- Program expense ratio: 86.6%; rating input score 87
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 60%; rating input score 60; 9th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 8.8%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 0.83; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: 0.54; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 3.4%; rating input score 66; 66th percentile among comparable filings
Growth
- Program expense growth: 35.9% per year; rating input score 100; 94th percentile among comparable filings
- Revenue growth: 33.1% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: 39.6% per year; rating input score 100; 96th percentile among comparable filings
Details
- Where the money goes: 79% of revenue deployed · 86.6% of spending went to programs
- Governance: 3 of 5 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $3.4M in reported program spending
- Leadership: top reported pay $75K · 5 people listed
- Highest-paid contractors: 3 contractors listed · $784K reported
- Consistency: 29 of 29 current checks pass
- Schedules: 4 filed schedules
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
- High — Sustainability: Liabilities to assets ratio scored 19/100.