Steam Exchange Community Arts Center Inc

Nonprofit profile at a glance

EIN
852906390
IRS 990 coverage
2021–2024
Forms available
Form 990 2024
Location
Louisville, KY, USA
Phone
5026082115
Rating
80
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$184,983
Expenses
$200,047
Assets
$331,865
Liabilities
$73,041

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

Leadership & pay

5 people listed

Executive titles in this filing

  • AMANDA EGAN (PRESIDENT)

Highest reported compensation

  • RACHEL MAUSER (CO-EXEC DIRE): $49,671 total reported compensation
  • CAITLIN KANNAPELL (COEXECUTIVE): $40,910 total reported compensation

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

Overview

Mission

To facilitate passion-driven learning experiences where individuals explore the world, themselves, and the arts through creative play and production. We use the arts to teach concepts in science, technology, engineering, and mathematics(steam). We work toward greater equity in our community by amplifying voice, showcasing creativity and leadership, and co-creating collaborative, public art with youth of color and low-income youth. Dialogue with people who live, learn, work or worship in smoketown directly shapes workshop content and community projects.

What it reported doing in 2024

Smoketown free afterschool & summer programs - steam exchange provides free, safe, structured afterschool and summer programs for smoketown youth ages 5-21. We recruit youth not already involved in out-of-school activities, employ neighborhood youth, ages 14-21, as student interns who help in all aspects of program facilitation & maintaining our center. Interns gain responsibility and leadership opportunities, train to produce professional quality screen printed products, assist in grant writing and grant ideation, and help prepare materials and teach classes. Over the years, stex has taught classes in steam, screen printing, bookbinding, painting, textiles, stop motion, computer programming, sculpture and more. We facilitate camps, host internships each summer. Classes change yearly based on youth interests and needs. Organizational partnerships greatly enhance our program. Steam adventrues(with jefferson memorial forest) takes bi-weekly field trips to the forest for hikes, rock climbing, and wildlife study as well as a week-long summer camp. Rhythm science sound partners to lead workshops in deejaying, music mixing and recording. Fashion designer, kara mason, helps teach our students how to tackle complicated fashion projects teaching design, pattern making, and sewing. Girl scouts of kentuckiana provides the funding for each of our girls to be girl scouts and funds a large portion of their summer camp experiences. Crafting the future provides art intensive opportunities for our older youth and young adults. The trager family jcc gives us a discount for our students to attend summer camp there and give stex access to their swimming facilites.

Operating model

Revenue model
Donor-supported. 68% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 90
  • Accountability: 84
  • Sustainability: 30
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.8%; rating input score 86
  • Program expense ratio: 79.3%; rating input score 79
  • Fundraising efficiency: $12.5 raised per $1 spent on fundraising; rating input score 45; 45th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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: 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: Pass
    • Document-retention policy: Pass
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -8.1%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 1.66; rating input score 54; 54th percentile among comparable filings
  • Liabilities to assets ratio: 0.22; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 45.3%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 6.6% per year; rating input score 100; 60th percentile among comparable filings
  • Revenue growth: -25.7% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 12.5% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • Where the money goes: 85.8% of revenue deployed · 79.3% of spending went to programs
  • Governance: 9 of 9 board members independent · 5 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $159K in reported program spending
  • Leadership: top reported pay $50K · 5 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Financial Efficiency: Fundraising efficiency scored 45/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 25/100.
  • Review — Sustainability: Total-asset coverage ratio scored 54/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.