STEMpower Inc

Nonprofit profile at a glance

EIN
832778390
IRS 990-PF coverage
2023–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2022, Form 990-EZ 2018, Form 990-PF 2024
Location
Marblehead, MA, United States
Phone
(+1) 978-210-1055
Rating
89
Verdict
STRONG
Rating confidence
Standard
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$2,064,457
Expenses
$2,107,920

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

Overview

Mission

STEMpower, Inc. provides hands-on, lab-based STEM education that emphasizes real-world problem-solving, creativity, and skill-building—empowering youth to engineer their homeland away from stubborn poverty. STEMpower-Finland Embassy-IBM SkillsBuild Digital Skills Training The Finland Embassy in Ethiopia, in collaboration with STEMpower Ethiopia and IBM SkillsBuild, launched an online training program named "Diligence" (or "ትጋት" in Amharic) aimed at equipping women with digital skills. The initial target was to graduate 1,000 women, but the program exceeded expectations with 3,160 women earning their graduation certificates. At least 40 of these graduates have secured jobs through the program's networking and support. Furthermore, many participants expressed newfound confidence, enabling them to start their own businesses for sustainable income. STEMpower seeks to expand this program...

What it reported funding in 2024

The foundation reported 13 grants totaling $2,014,794. The stated grant purpose was to provide a higher level of science, technology, engineering, and math education through the use of hands on training on lab equipment to pre-university students..

Operating model

Revenue model
Donor-supported. 100% of the foundation's positive operating resources came from contributions.
Distribution model
Grant intermediary. The foundation distributed 100% of its reported charitable disbursements as grants.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filed numbers largely add up. Assets provide a limited cushion relative to annual grants.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 96
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 0

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 99th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 95.6%; rating input score 96; 83rd percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 0.08; rating input score 0; 0th percentile among comparable filings

Details

  • What they fund: 2 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 0th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 13 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.

  • High — Endowment Health: Endowment-health comparison scored 0/100.