INNER BANKS STEM CENTER

EIN: 455501690 501(c)(3) Crime & Legal

Washington, NC

Total Revenue
$208,896
Total Expenses
$127,722
Total Assets
$596,504
Net Assets
$567,008
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NC
Principal Officer
Alvin Powell
Phone
2529756700
Tax Period
2023-01-01 to 2023-12-31

INNER BANKS STEM CENTER, founded in 2012, is a small nonprofit in the Crime & Legal sector that reported $209K in total revenue in fiscal year 2023. Revenue surged 105% from the prior year, signaling strong growth momentum. The organization ran a surplus of $81K, a strong 39% operating margin.

Mission

The Inner Banks STEM Center's primary goal is to create a sustainable and innovative Science, Technology, Engineering, and Math (STEM) science enrichment program with a focus on reaching at-risk under-represented 5th-9th grade students to help prepare them for 21st century STEM Careers. Students are recruited for the programs regardless of race, sex, gender, or religion. However, a priority is placed on attracting students who are facing socio-economic/financial challenges (at-risk youth) such as Blacks, minorities, females, and youth from under-represented communities.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $198,597
Program Service Revenue $0
Investment Income $0
Other Revenue $10,299
TOTAL REVENUE $208,896

Expense Breakdown

Grants Paid $0
Salaries & Benefits $24,595
Fundraising Expenses $0
Program Expenses $30,040
Other Expenses $103,127
TOTAL EXPENSES $127,722

Year-over-Year Comparison

2023 2022 Change
Revenue $208,896 $102,108 +1.0%
Expenses $127,722 $225,418 -0.4%
Net Income $81,174 $-123,310 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
14

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$6,625
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alvin Powell President 40
Officer
$6,625 $0 $6,625
Evan Lewis Board Member 15
Director
$0 $0 $0
David Loope Board Member 5
Director
$0 $0 $0
Watsi Sutton Board Member 5
Director
$0 $0 $0
Stacy Drakeford Board Member 5
Director
$0 $0 $0
Priscilla Johnson Board Member 10
Director
$0 $0 $0
Edna Reid Board Member 5
Director
$0 $0 $0
Renee Douglas Board Member 5
Director
$0 $0 $0
Scott Smith Board Member 5
Director
$0 $0 $0
Larry Carpenter Board Member 5
Director
$0 $0 $0
Tarek Abdel-Salem Board Member 5
Director
$0 $0 $0
Matthew Cheeseman Board Member 5
Director
$0 $0 $0
Carl Person Board Member 5
Director
$0 $0 $0
Walter Johnson Board Member 5
Director
$0 $0 $0
Patricia Gardner Secretary 10
Officer
$0 $0 $0
Gary Robitaille Treasurer 15
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $208,896 $127,722 $596,504 $81,174
2022 $102,108 $225,418 $511,605 $-123,310
2021 $169,160 $107,757 $609,524 $61,403
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