Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year
(or fiscal year beginning in)
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(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 50,000 | 50,000 | 50,000 | 50,000 | 211,414 | 411,414 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf .... | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | 0 | 0 | 0 | 0 | 0 | 0 |
| 4 | Total. Add lines 1 through 3 | 50,000 | 50,000 | 50,000 | 50,000 | 211,414 | 411,414 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | 411,414 | |||||
Calendar year
(or fiscal year beginning in)
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(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 50,000 | 50,000 | 50,000 | 50,000 | 211,414 | 411,414 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 0 | 0 | 0 | 0 | 0 | 0 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 0 | 0 | 0 | 0 | 0 | 0 |
| 11 | Total support. Add lines 7 through 10 | 411,414 | |||||
Calendar year (or fiscal
year beginning in) ![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2024 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2024 |
(iii) Distributable Amount for 2024 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2024 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2024: | ||||
| a From 2019....... | ||||
| b From 2020....... | ||||
| c From 2021....... | ||||
| d From 2022....... | ||||
| e From 2023....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2024 distributable amount | ||||
|
i
Carryover from 2019 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2024 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2024 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2024, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2024. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2025. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2020..... | ||||
| b Excess from 2021..... | ||||
| c Excess from 2022..... | ||||
| d Excess from 2023..... | ||||
| e Excess from 2024..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
| Return Reference | Explanation |
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| Part VI, Line 2 | The President and a Board Member of STEM Xposure are family member Aunt and niece. The Board Member serves as one of the governing bodys voting members and the President is the chief executive of the organization. While the family relationship exists the organization maintains governance practices designed to prevent any potential conflicts of interest. STEM Xposure has policies in place to ensure that decisions made by the Board of Directors and executive leadership are transparent independent and in the best interest of the organization. The Board Member does not have any direct involvement in the Presidents compensation or any decision-making processes that could present a conflict of interest. The family relationship is disclosed here to ensure full transparency. The organization follows a conflict of interest policy that requires the disclosure of potential conflicts and requires affected individuals to recuse themselves from decisions where their personal interests may be in conflict with the organizations. |
| Part VI, Line 12c | STEM Xposure has implemented a comprehensive conflict of interest policy that is designed to identify address and prevent any potential conflicts that may arise between the personal interests of board members officers and key employees and the interests of the organization. Monitoring and Enforcement Process: Annual Disclosure Forms: All Board members officers and key employees are required to complete an annual disclosure form that asks them to disclose any relationships or financial interests that could potentially conflict with their duties at STEM Xposure. This form is reviewed by the Board of Directors to ensure full transparency. Review of Disclosures: The Board of Directors particularly the Governance Committee or designated committee reviews the completed disclosures annually to identify any potential conflicts. If any conflicts are identified the individual involved is required to recuse themselves from any discussions or decision-making related to the conflicting matter. Recusal Process: If a conflict of interest is identified the individual involved is required to recuse themselves from participating in the decision-making process regarding the matter at hand. This process is enforced during Board meetings and other decision-making sessions where the individual will leave the room or refrain from voting. Independent Review and Oversight: To further ensure objectivity any significant decisions involving potential conflicts are subject to independent review. This could involve bringing in external advisors or legal counsel if necessary to provide impartial advice and guidance. Enforcement of Compliance: The Board Chair or Governance Committee is responsible for monitoring compliance with the conflict of interest policy. If violations or non-compliance are identified the Board takes corrective action which may include removal from office review of compensation decisions or other appropriate steps to ensure adherence to the policy. Training and Education: STEM Xposure conducts regular training for Board members and key employees on the importance of the conflict of interest policy how to identify potential conflicts and the procedures for reporting conflicts. This ensures that all members understand their responsibilities and the importance of maintaining transparency and integrity in their actions. Ongoing Monitoring: The organization monitors any financial transactions and decisions throughout the year to ensure compliance with the policy. This ongoing monitoring ensures that any emerging conflicts are identified and addressed in a timely manner. |
| Part VI, Line 15 | STEM Xposure has implemented a structured process for determining the compensation of its CEO Executive Director and other key employees to ensure that the compensation is appropriate competitive and consistent with the organizations mission. The process includes review and approval by independent persons the use of comparability data and contemporaneous substantiation of the deliberation and decision-making process. Independent Review and Approval: The Board of Directors specifically the Compensation Committee or another designated independent body is responsible for reviewing and approving the compensation of the CEO Executive Director and other key employees. The members of this committee are independent meaning they do not have a personal or financial relationship with the individuals whose compensation is being reviewed. The process ensures that no individual with a conflict of interest e.g. the President or any family members is involved in the decision-making process related to compensation. Use of Comparability Data: To ensure that the compensation is reasonable and aligned with industry standards the Compensation Committee uses comparability data from several sources such as: Salary surveys within the nonprofit sector and for similar positions in comparable organizations. Compensation data from other local or national nonprofits that have similar missions and budgets. Industry-specific benchmarks for similar roles in the community. The Committee may also consult with external compensation consultants or experts if needed to obtain market comparisons to ensure the compensation is in line with what is typical for similar positions in similar organizations. Contemporaneous Substantiation: The Compensation Committee thoroughly documents the deliberation and decision-making process. This includes: A written record of the meeting minutes that detail the discussion of compensation for the individuals involved. A written analysis showing how the comparability data was reviewed and considered when determining the salary levels. Any consultant reports or external guidance used to substantiate the compensation decision. This documentation is maintained in the organizations official records and serves as evidence that the compensation decisions were made based on reasonable criteria and in accordance with IRS requirements. Approval by the Governing Body: After the Compensation Committee has reviewed and made a recommendation based on the comparability data and other relevant factors the full Board of Directors formally approves the compensation. This ensures that the decision is made by a group of individuals who are not involved in the direct employment relationship and can provide unbiased oversight. Ongoing Monitoring and Adjustments: Compensation is reviewed on an annual basis and adjustments are made as needed to ensure that it remains competitive and reasonable. The Board uses the same process to evaluate salary adjustments considering factors such as the performance of the individual changes in market conditions and the financial capacity of the organization. |
| Part VI, Line 19 | upon request |
| Software ID: | |
| Software Version: |