Washington State Stem Education Fdtn

Nonprofit profile at a glance

EIN
264107233
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Richland, WA, USA
Phone
5094209316
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Official website

Reported finances

Revenue
$658,884
Expenses
$618,690
Assets
$1,660,812
Liabilities
$160,334

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

Leadership & pay

14 people listed

Executive titles in this filing

  • MATT HAMMER (BOARD PRESIDENT)
  • BOB WILKINSON (BOARD VICE PRESIDENT)

People named in this filing

  • KRISTI NELSON (BOARD TREASURER AND VICE P)
  • VICKI BOGENBERGER (BOARD MEMBER)
  • JUDY CONNELL (BOARD MEMBER)

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

The Washington state stem education foundation is an organization that connects and unites the science, technology, engineering, and mathematics education assets in the state to provide innovative learning opportunities for students of the mid-columbia. The organization's underlying goal is to provide an innovative knowledge network engaging all of Washington's formal and informal educational resources to continuously improve stem learning, assessment, leadership, and community engagement.

What it reported doing in 2024

The Washington state stem education foundation was born from our community's passion for improving science and technology education and has led a community-wide effort to expand stem education for all students. We work with educators, business leaders and legislators to advocate for the necessity of stem education both in our community and throughout the state. The stem foundation supports the programs listed below and continues to seek opportunities to enhance stem education for all local students.1. Expansion of stem-related events which raise support for the stem literacy initiative in our local community, and through our stem like me! Initiative to recruit, train and deploy stem professionals to be mentors and resources for our local educators and students.2. Consistent community engagement and key messaging to expand awareness of the importance of stem education both locally and statewide.-shift in knowledge: answer the question: why stem? -shift in attitudes, beliefs and expectations: we believe stem is a workforce and economic development issue for the community-increased public engagement: stem is a community-wide initiative, empowering members to take action; -increased involvement in local schools: increased efforts of the community to improving local schools, contribute time, talent and treasure; -increased capacity and sustainability of stem initiatives: development of the next generation of leaders, sharing of best practices and measurements of success and evaluation tools3. Collaborative partnerships: stem workforce development: public/ private partnerships supporting college and career-ready stem learning opportunities with other stem focused community organizations. 4. Delta high school: delta students have had many exciting opportunities to interact with stem professionals from our community and across the state both in-school and out, such as career guest speakers, mentors, tour facilitators and enhanced classroom projects working with scientists and engineers. In supporting the implementation and sustainability of delta high school and its innovative educational approach, the stem foundation has worked to build authentic partnerships with our local community and to support real-world, project based, stem learning. These partnerships have not only led to great opportunities for students, but have rekindled in the volunteers their personal passion for stem fields.

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 83% 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 94
  • Accountability: 88
  • Sustainability: 61
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.1%; rating input score 84
  • Program expense ratio: 87.8%; rating input score 88
  • Fundraising efficiency: $26.82 raised per $1 spent on fundraising; rating input score 66; 66th percentile among comparable filings

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: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • 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: 6.1%; rating input score 53; 53rd percentile among comparable filings
  • Total-asset coverage ratio: 2.68; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 43; 43rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 4.4% per year; rating input score 100; 39th percentile among comparable filings
  • Revenue growth: 7.1% per year; rating input score 100; 55th percentile among comparable filings
  • Asset growth: 8.1% per year; rating input score 100; 52nd percentile among comparable filings

Details

  • Where the money goes: 84.1% of revenue deployed · 87.8% of spending went to programs
  • Governance: 14 of 14 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $543K in reported program spending
  • Leadership: top reported pay $0 · 14 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • 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 — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Review — Sustainability: Operating margin scored 53/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 43/100.