STREAM FOUNDATION

EIN: 851991763 501(c)(3) Employment

Dallas, TX

Total Revenue
$172,122
Total Expenses
$284,365
Total Assets
$40,375
Net Assets
$39,268
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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
TX
Principal Officer
Matt McKamy
Phone
9728500081
Tax Period
2024-01-01 to 2024-12-31

STREAM FOUNDATION, founded in 2020, is a small nonprofit in the Employment sector that reported $172K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $284K exceeded revenue, resulting in a 65% operating deficit.

Mission

STREAM Foundation was formed to educate, train, mentor and provide scholarship and internship opportunities to students from underrepresented groups in the area of asset management with the ultimate goal of increasing industry representations. In order to accomplish its goal, STREAM Foundation utilizes a two pronged approach. First, STREAM Foundation provides education, training and networking opportunities for students from underrepresented groups. STREAM Foundation alsos assist students in obtaining internships and/or other work experience with asset management firms in order to allow students to learn more about the industry, gain valuable experience and deepen and expand their professional networks. Second, STREAM Foundation aims to create change in the asset management industry's recruiting, hiring and retention practices with respect to underrepresented candidates and employees. Finally, STREAM Foundation provides college students with financial support during its internships.

Program Service Accomplishments

Program 1
Expenses: $155,461 Revenue: $0

In 2023 we provided 33 internships to students from underserved communities. These internships were completed by college students from around the country with several leading asset management firms...

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In 2023 we provided 33 internships to students from underserved communities. These internships were completed by college students from around the country with several leading asset management firms in Austin, Cincinnati, Dallas, Charlotte, Houston, and Fort Worth. Each of our interns was provided at a minimum $10,000 in total compensation via salary from the asset managers and/or scholarship assistance provided by our organization. During 2024, our organization granted $117,663.10 to our 33 interns. During the internships, we host educational events with senior members of the investment community to 1 expand the students' network, 2 provide insights into asset management roles across all segments of the industry and/or 3 discuss experiences senior members working in asset management that are part of these underserved communities have faced and the challenges they have had to navigate. Another service that we be provide under the program is each student will be assigned a mentor from a different asset management firm to further expand his/her network and provide helpful insights and guidance. Our intern alumni have gone on to complete subsequent internships or enter the workforce full-time at reputable organizations such as Aksia, Bank of America, Canyon Partners, Citigroup, Crestline, Goldman Sachs, JP Morgan and Teacher Retirement System of Texas, to name a few. We have assisted in placing them in these roles and will continue to be supportive as each enters the workforce. We have brought awareness to the industry through educational presentations at several colleges, universities, and student organizations since our founding. These presentations were to move forward our cause of educating students from underserved communities about asset management and what our organization was doing to increase the number of roles for people from these communities.

Program 2
Expenses: $8,000 Revenue: $0

We are bringing awareness and educational content to younger High school school through through our annual stock challenge. In 2024, we supported students in collaboration with several other...

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We are bringing awareness and educational content to younger High school school through through our annual stock challenge. In 2024, we supported students in collaboration with several other Dallas-based non-profits focused on the same demographic as our college internship program. We have presented to high school students about the industry and hope to create a pipeline of talent that will eventually be attending college and can apply for the aforementioned internship opportunities. The challenge is run through the Investopedia platform that also includes access to its training resources to further help educate the high school students on investments and the asset management industry.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $170,745
Program Service Revenue $0
Investment Income $1,377
Other Revenue $0
TOTAL REVENUE $172,122

Expense Breakdown

Grants Paid $125,663
Salaries & Benefits $98,551
Fundraising Expenses $0
Program Expenses $163,461
Other Expenses $60,151
TOTAL EXPENSES $284,365

Year-over-Year Comparison

2024 2023 Change
Revenue $172,122 $229,898 -0.3%
Expenses $284,365 $264,680 +0.1%
Net Income $-112,243 $-34,782 +2.2%
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
7
Independent Members
7
Employees
1
Volunteers
120

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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ellis Thomas President 15
Officer Director
$0 $0 $0
Matthew McKamy Director 5
Director
$0 $0 $0
P Trip Dyer Secretary 2
Officer Director
$0 $0 $0
Daryl Chambers Director 3
Director
$0 $0 $0
Somer Washington Treasurer 3
Officer Director
$0 $0 $0
Monica Guerrero Director 3
Director
$0 $0 $0
Jeremiah Loeffler Director 3
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 $172,122 $284,365 $40,375 $-112,243
2023 $229,898 $264,680 $117,051 $-34,782
2022 $220,252 $130,206 $165,005 $90,046
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