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Nonprofit · EIN 45-5501690

INNER BANKS STEM CENTER

Tax-exempt · WASHINGTON, NC 27889

Financials

$209K$128K2023$117K$127K2024
Revenue Expenses · by fiscal year end
Financials of INNER BANKS STEM CENTER by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$117,486$126,606-$9,120$565,884$8,007$557,877
December 31, 2023990$208,896$127,722$81,174$596,504$29,496$567,008
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$111,528
of which government grants
$14,000
Program service revenue
$0
Investment income
$1,424
Net income from fundraising events
$4,534
Other revenue
$4,534

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$11,025
Salaries, compensation and benefits (total)
$11,025
Professional fundraising fees
$0
Legal fees
$9
Occupancy
$5,028
Travel
$50
Program services (functional)
$35,641
Management and general (functional)
$90,965

Balance sheet and other

Total assets, start of year
$596,504
Total assets, end of year
$565,884
Total liabilities, end of year
$8,007
Net assets, end of year
$557,877
Land, buildings and equipment
$440,500
Gross receipts
$136,740
Employees
0
Volunteers
14
Year formed
2012
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Alvin PowellPresident
Officer
40$11,025
Evan LewisBoard Member
Trustee or director
15$0
David LoopeBoard Member
Trustee or director
5$0
Watsi SuttonBoard Member
Trustee or director
5$0
Stacy DrakefordBoard Member
Trustee or director
5$0
Priscilla JohnsonBoard Member
Trustee or director
5$0
Edna ReidBoard Member
Trustee or director
5$0
Renee DouglasBoard Member
Trustee or director
5$0
Scott SmithBoard Member
Trustee or director
5$0
Larry CarpenterBoard Member
Trustee or director
5$0
Tarek Abdel-SalemBoard Member
Trustee or director
5$0
Matthew CheesemanBoard Member
Trustee or director
5$0
Carl PersonBoard Member
Trustee or director
5$0
Walter JohnsonBoard Member5
Trustee or director
5$0
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensation
Alvin PowellPresident
Officer
40$6,625
Evan LewisBoard Member
Trustee or director
15$0
David LoopeBoard Member
Trustee or director
5$0
Watsi SuttonBoard Member
Trustee or director
5$0
Stacy DrakefordBoard Member
Trustee or director
5$0
Priscilla JohnsonBoard Member
Trustee or director
10$0
Edna ReidBoard Member
Trustee or director
5$0
Renee DouglasBoard Member
Trustee or director
5$0
Scott SmithBoard Member
Trustee or director
5$0
Larry CarpenterBoard Member
Trustee or director
5$0
Tarek Abdel-SalemBoard Member
Trustee or director
5$0
Matthew CheesemanBoard Member
Trustee or director
5$0
Carl PersonBoard Member
Trustee or director
5$0
Walter JohnsonBoard Member
Trustee or director
5$0
Patricia GardnerSecretary
Officer
10$0
Gary RobitailleTreasurer
Officer
15$0

Address and contacts

Address (IRS master file)
201 AIRPORT RD, WASHINGTON, NC 27889-9681
In care of
% MR ALVIN D POWELL
Mailing address (990-N for 2013)
310 West Main Street, Washington NC 27889
Principal officer (990 for 2024)
Alvin Powell, 201 Airport Road, Washington, NC 27889
Principal officer (990-N for 2013)
Alvin D Powell, 31 Bowsprit Place, Bath NC 27808
Signed the 990
Gary Robitaille, Treasure
Phone
(252) 975-6700
Return prepared by
LARRY E CARPENTER CPA PA

Mission

The Inner Banks STEM Centers primary goal is to create sustainable and innovative Science, Technology, Engineering, and Math (STEM) science enrichment with a focus on reaching at-risk under-represented 5th-9th grade students to help prepare them for 21st century STEM Careers. (continued on Scedule O, Statement 2)

990 for the year ended December 31, 2024

Program accomplishments

  • 3-12 hour Aviation Career Education (ACE) mini-camps were conducted during the summer as part of our community outreach initiative. These camps were conducted in partnership with the Beaufort County Community College(BCCC) Had 31 students attend.
    Expenses $5,093 · revenue $4,400
  • Conducted a 3 day boating mini-camp for 21 students during the summer as part of our community outreach initiative.
    Expenses $13,536
  • Conducted a three-weeek Renewable Energy Sources Camp with a STEM and career focus with
    Expenses $17,012 · revenue $31,927

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
45-5501690
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2015
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$565,884
Income (IRS master file)
$136,740

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$117,486$126,606$565,884IRS
990December 2023$208,896$127,722$596,504XML
990December 2022$102,108$225,418$511,605IRS
990December 2021–––IRS
990-EZDecember 2020–––IRS
990-N for 2013
Officer: Alvin D Powell
December 31, 2013≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-5501690).

Questions about INNER BANKS STEM CENTER

What is the EIN of INNER BANKS STEM CENTER?
The employer identification number (EIN) of INNER BANKS STEM CENTER is 45-5501690.
Is INNER BANKS STEM CENTER tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to INNER BANKS STEM CENTER tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does INNER BANKS STEM CENTER file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of INNER BANKS STEM CENTER due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INNER BANKS STEM CENTER last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of INNER BANKS STEM CENTER?
The 990 for the year ended December 31, 2024 names Alvin Powell.
Who are the officers and directors of INNER BANKS STEM CENTER?
The 990 for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization, the highest $11,025 (Alvin Powell, President).
How much revenue does INNER BANKS STEM CENTER have?
On its 990 for the year ended December 31, 2024 it reported revenue of $117,486, expenses of $126,606 and total assets of $565,884 at year end.

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