Stem Next Opportunity Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 8,242,526 | 4,009,876 | 4,232,650 | 12.7 | 4% |
| 2018 | 2,608,075 | 3,401,869 | −793,794 | 12.9 | 16% |
| 2019 | 2,482,969 | 2,753,264 | −270,295 | 14.8 | 29% |
| 2020 | 5,459,706 | 3,958,449 | 1,501,257 | 14.8 | 23% |
| 2021 | 10,913,896 | 6,389,871 | 4,524,025 | 17.7 | 21% |
| 2022 | 12,130,436 | 10,860,086 | 1,270,350 | 11.5 | 21% |
| 2023 | 7,760,112 | 14,283,863 | −6,523,751 | 3.5 | 25% |
In its most recent public year (2023), this organization spent $6,523,751 more than it brought in. Its reserves stood at about 3.5 months of spending, down from 12.7 in 2017. Staff pay was 25% of spending. $4,095,522 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Stem Next Opportunity Fund's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works