Steam Engine Inc
Nonprofit profile at a glance
- EIN
- 843127718
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024, Form 990-N 2020
- Location
- Oklahoma City, OK, USA
- Phone
- 4056529697
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $165,366
- Expenses
- $265,456
- Assets
- $1,060
- Liabilities
- $79,800
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Morgan Jones (Former Executive Director)
People named in this filing
- Morgan Jones (Former Executive Director)
- Kasha Egan (Board Chair)
- Lauren Garver (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To support and conduct educational, informational, and research activities at the intersection of the Maker Movement and the Science, Technology, Engineering, Arts, and Mathematic (STEAM) disciplines with the primary aim of encouraging youth, particularly those from underrepresented populations, to pursue STEM Education and related careers through the development of 21st Century skills.
What it reported doing in 2024
In 2024, the STEAM Engine organized and hosted two State of STEAM Roundtables to bring community leaders, companies, and organizations from across Oklahoma to convene over breakfast to discuss matters at the intersection of economic development, workforce development, PK-20 Education, and STEAM (Science, Technology, Engineering, Arts, and Math). Panelists shared about innovative programs aimed to address these multifaceted issues and participated in conversations to align resources across the state of Oklahoma.
Operating model
- Revenue model
- Donor-supported. 61% 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 a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 92
- Sustainability: 3
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.2%; rating input score 82
- Program expense ratio: 51.2%; rating input score 51
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 1st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -60.5%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: 75.28; rating input score 0; 0th percentile among comparable filings
- Officer compensation ratio: 15.1%; rating input score 18; 18th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 27.7% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: -19.4% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 82.2% of revenue deployed · 51.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $136K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- 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.
- Review — Financial Efficiency: Program expense ratio scored 51/100.
- High — Sustainability: Operating margin scored 1/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- High — Sustainability: Liabilities to assets ratio scored 0/100.
- High — Sustainability: Officer compensation ratio scored 18/100.