NonprofitsStempower Inc

Human Services

Stempower Inc

SWAMPSCOTT, MA

Total revenue

$1.7M

Total expenses

$2.4M

Net assets

$202K

Grants received

$675K

6 grants

EIN

832778390

Tax year

2022

Mission

Stempower, inc.'s mission is to provide pre-university students the opportunity to solve societal problems, strength nations and implement empowerment through the use of stem education. Stempower, inc provides hands-on lab-based stem education emphasizes real-world problem-solving, creativity, and skill-building empowering youth to engineer their homeland away from stubborn poverty. As well as, engineering skills complete a country's production value chain leading to more exports, less imports, and reduced dependency. Lastly, enhances education, competency, innovation, and careers on a national scale that "lifts all boats."

Financials

FY 2022

Revenue

Contributions & grants$1.7M
Program service revenue
Investment income
Other revenue
Total revenue$1.7M

Expenses

Grants paid$2.2M
Salaries & benefits
Fundraising
Other expenses$195K
Total expenses$2.4M
Total assets$225K
Net assets$202K

People

7 listed

NameRoleCompensation

TIM VELDMAN

TREASURER/CFO

Board

1 hrs/wk

SHACHAR ZAHAVI

SECRETARY

Board

1 hrs/wk

MARK GELFAND

PRESIDENT

Board

1 hrs/wk

TAMRAT BIRHANU

DIRECTOR

Board

1 hrs/wk

MOU DENG RIINY

DIRECTOR

Board

1 hrs/wk

GALIT COHEN

DIRECTOR

Board

1 hrs/wk

DANIEL LARK

DIRECTOR

Board

1 hrs/wk

Grants received

Showing 6 of 6

FromAmountPurposeYear
$128K
For grant recipient's exempt purposes
2023
$127K
For grant recipient's exempt purposes
2022
$104K
For grant recipient's exempt purposes
2021
$104K
For grant recipient's exempt purposes
2021
$154K
For grant recipient's exempt purposes
2020
$60K
For grant recipient's exempt purposes
2019

Funded by

$675K from 1 funder · 6 grants · 2019–2023

Fidelity Investments Charitable Gift Fund

$675K · 6 grants · 2019–2023

Details

EIN832778390
NTEE codeP20
Subsection03
Ruling date2019-11
Formed2018
Employees0
Volunteers30
STEMPOWER INC — Mission, Financials & Grants Received | Grantivo