Steamsport Inc
Nonprofit profile at a glance
- EIN
- 474715618
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2021, Form 990-N 2018
- Location
- Mcdonough, GA, USA
- Phone
- 6785234589
- Rating
- 52
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Youth Development Programs
Reported finances
- Revenue
- $366,644
- Expenses
- $278,531
- Assets
- $146,520
- Liabilities
- $67,772
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- WILLIAM OLIVER (EXECUTIVE DIRECTOR)
- LACANNE HERNDON (PRESIDENT)
People named in this filing
- WILLIAM OLIVER (EXECUTIVE DIRECTOR)
- LACANNE HERNDON (PRESIDENT)
- DR VIOLA BLACKSHEAR (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Steamsport nbsp; inc nbsp; s nbsp; mission nbsp; is nbsp; to nbsp; provided nbsp; community nbsp; based nbsp; science nbsp; technology nbsp; engineering nbsp; art nbsp; and nbsp; math nbsp;(steam) nbsp; exposure nbsp; and nbsp; education nbsp; specifically nbsp; focused nbsp; on nbsp; students nbsp; living nbsp; in nbsp; underserved nbsp; communities nbsp; our nbsp; goal nbsp; is nbsp; to nbsp; break nbsp; the nbsp; cycle nbsp; of nbsp; generational nbsp; poverty nbsp; through nbsp; the nbsp; provision nbsp; of nbsp; effective nbsp; and nbsp; accessible nbsp; steam nbsp; programming nbsp; leading nbsp; to nbsp; post-secondary nbsp; education nbsp; and nbsp; steam nbsp; related nbsp; careers
What it reported doing in 2024
Diverse steam programs - the organization continued to offer a wide array of programs including robotics (both land and underwater) coding aeronautics computer-aided design mobile application development fashion entrepreneurship virtual/augmented reality development media production and video game design.
Operating model
- Revenue model
- Donor-supported. 67% of the money available for current operations came from contributions and gifts.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
MIXED - 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 a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Accountability: 82
- Sustainability: 54
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
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: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 24%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 0.53; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0.46; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 20% per year; rating input score 100; 88th percentile among comparable filings
- Asset growth: 33.7% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 5 of 5 board members independent · 4 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $8K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- 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 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Review — Accountability: Governance controls: 2 of 6 not reported.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.