STEM NEXT OPPORTUNITY FUND

EIN: 814834326 501(c)(3) Education

SAN DIEGO, CA

Total Revenue
$10,459,673
Total Expenses
$10,376,037
Total Assets
$5,530,908
Net Assets
$4,296,374
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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
CA
Principal Officer
RONALD L OTTINGER
Phone
6195059127
Tax Period
2024-01-01 to 2024-12-31

STEM NEXT OPPORTUNITY FUND, founded in 2016, is a mid-sized nonprofit in the Education sector that reported $10.5M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum.

Mission

Making out-of-school STEM opportunities a reality for millions of young people to help them thrive in STEM and beyond.

Program Service Accomplishments

Program 1
Expenses: $8,716,082

STEM Next Opportunity Fund is a national, non-profit, non-partisan organization dedicated to scaling high-quality STEM (Science, Technology, Engineering, & Math) learning to millions of youth. Our...

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STEM Next Opportunity Fund is a national, non-profit, non-partisan organization dedicated to scaling high-quality STEM (Science, Technology, Engineering, & Math) learning to millions of youth. Our mission is expanding exceptional STEM learning opportunities outside the classroom for all children everywhere. Through STEM learning in afterschool and summer PROGRAMS, STEM Next takes a field-building approach to creating pathways to economic opportunity.STEM learning beyond the classroom inspires youth and prepares them for future success in STEM as well as many other fields. Outside the structured school day, hands-on STEM learning provides a fertile environment to experiment, build confidence and develop life skills like critical thinking, collaboration, perseverance, creativity and communication. Despite this power and potential, STEM learning in afterschool and summer is underutilized and under-prioritized across the U.S a critical issue that STEM Next is working to solve as a national nonprofit. What We DoSTEM Next brings together a diversity of partners and leads synchronized efforts to strengthen and advance the out-of-school time STEM field. By leveraging partnerships, STEM Next mobilizes funding and accelerates what works to reach the 10 million young people served in more than 100,000 local afterschool and summer programs across all 50 states. For youth, our work increases STEM access, interest, identity, and career knowledge.Our three big strategic initiatives to Engage Learners Everywhere are: - Growing STEM Leaders: Raising awareness, building skills, and connecting problem-solvers across communities. This includes afterschool and summer educators and system leaders, as well as through our Flight Crew program for young people.- Advancing Policy & Research: Powering lasting change in STEM learning by putting ideas into action. Our Fellows help ensure that STEM is a policy priority in the U.S.- Leading Systems Change: Local, regional, national challenges that create seismic STEM learning shifts for youth and educators, like through our Institute for a STEM Ready America and industry-focused Centers of Excellence.Every $1 invested in STEM Next Opportunity Fund programs: - Enables more youth to build, invent and discover every afternoon.- Sparks summer STEM learning opportunities for youth.- Brings STEM opportunities to more families and communities across the U.S.Nationally and locally, our programs create seismic STEM learning shifts for millions of youth and hundreds of thousands of educators every year.

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,781,847
Program Service Revenue $501,537
Investment Income $176,289
Other Revenue $0
TOTAL REVENUE $10,459,673

Expense Breakdown

Grants Paid $2,124,800
Salaries & Benefits $4,446,394
Fundraising Expenses $778,084
Program Expenses $8,716,082
Other Expenses $3,773,518
TOTAL EXPENSES $10,376,037

Year-over-Year Comparison

2024 2023 Change
Revenue $10,459,673 $7,760,112 +0.3%
Expenses $10,376,037 $14,283,863 -0.3%
Net Income $83,636 $-6,523,751 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
4
Employees
37
Volunteers
1250

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
$336,686
Total Directors
6
$336,686
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RON OTTINGER Secretary/ED 40.00
Officer Director
$292,519 $44,167 $336,686
KAM KYZER SR DIR PHILANTHR/STRAT PSHIP 30.00
$273,480 $8,204 $281,684
TERESA DREW DEPUTY DIRECTOR 40.00
$235,417 $7,063 $242,480
SHERONDA FLEMING STEM FELLOW 40.00
$177,435 $22,909 $200,344
TERRA WALLIN STEM FELLOW 40.00
$178,090 $17,041 $195,131
QUINCY BROWN STEM FELLOW 40.00
$187,505 $5,655 $193,160
TASHA OWENS-GREEN STEM FELLOW 40.00
$163,332 $24,851 $188,183
EMILY KUEHN STEM FELLOW 40.00
$155,804 $19,304 $175,108
PENDRED NOYCE President/Chair 2.00
Officer Director
$0 $0 $0
DENNIS BARTELS Director 2.00
Director
$0 $0 $0
GWYNN HUGHES Director 2.00
Director
$0 $0 $0
CELINE COGGINS Director 2.00
Director
$0 $0 $0
REGINALD MCGREGOR Treasurer 2.00
Officer Director
$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 $10,459,673 $10,376,037 $5,530,908 $83,636
2023 $7,760,112 $14,283,863 $6,161,399 $-6,523,751
2022 $12,130,436 $10,860,086 $11,167,712 $1,270,350
2021 $10,913,896 $6,389,871 $10,305,213 $4,524,025
2020 $5,459,706 $3,958,449 $5,313,172 $1,501,257
2019 $2,482,969 $2,753,264 $3,790,651 $-270,295
2018 $2,608,075 $3,401,869 $4,219,485 $-793,794
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