Nonprofit · EIN 85-2241739
GENERATION STEAM
Tax-exempt · SAN DIEGO, CA 92121
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,546,778 | $1,508,936 | $37,842 | $771,136 | $281,672 | $489,464 |
| December 31, 2023 | 990 | $1,282,407 | $1,199,252 | $83,155 | $1,074,300 | $622,678 | $451,622 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,512,300
- of which government grants
- $1,095,824
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $34,478
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $377,783
- Other salaries and wages
- $226,723
- Salaries, compensation and benefits (total)
- $834,587
- Professional fundraising fees
- $0
- Accounting fees
- $16,475
- Occupancy
- $84,784
- Travel
- $28,845
- Program services (functional)
- $1,424,152
- Management and general (functional)
- $84,784
Balance sheet and other
- Total assets, start of year
- $1,074,300
- Total assets, end of year
- $771,136
- Total liabilities, end of year
- $281,672
- Net assets, end of year
- $489,464
- Gross receipts
- $1,546,778
- Employees
- 7
- Volunteers
- 10
- Year formed
- 2021
- State of legal domicile
- CA
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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOSEPH PANETTA | DIRECTOR Trustee or director | 5 | $0 | $1,046,717 | $216,598 |
| SARA PAGANO | MANAGING DIRECTOR Highest-paid employee | 40 | $152,483 | $0 | $0 |
| SILVANA DELPICCOLO | DIRECTOR OF COMMUNITY RELA Highest-paid employee | 40 | $115,160 | $0 | $0 |
| BRANDON LECK | ASSOCIATE DIRECTOR, OPERATIONS & STRATEGY Highest-paid employee | 40 | $110,140 | $0 | $0 |
| MUSIC WATSON | BOARD CHAIR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| DAVID WEBB | BOARD TREASURER Trustee or director, Officer | 5 | $0 | $0 | $0 |
| STEVE SNYDER | BOARD SECRETARY Trustee or director, Officer | 5 | $0 | $0 | $0 |
| STEVE BRIGGS | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| AN CHEN | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| SABINE HADIDA | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| JIMMY PASCASCIO | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| JEFFREY ROBERTS | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| TORY SEE | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| JENNIFER STORM | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOE PANETTA | DIRECTOR Trustee or director | 5 | $0 | $1,091,097 | $177,424 |
| SARA PAGANO | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $146,432 | $0 | $0 |
| KAREN POSSEMATO | DIRECTOR/OFFICER/PRESIDENT Trustee or director, Officer | 5 | $0 | $0 | $0 |
| PAUL NEGULESCU | DIRECTOR/OFFICER/SECRETARY Trustee or director, Officer | 5 | $0 | $0 | $0 |
| DAVID WEBB | DIRECTOR/OFFICER/TREASURER Trustee or director, Officer | 5 | $0 | $0 | $0 |
| CHARLES BERGAN | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| STEVE BRIGGS | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| MARK CAFFERTY | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| VANESSA LIGHT | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| TORY SEE | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| STEVE SNYDER | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| MUSIC WATSON | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| AN CHEN | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| JEFFREY ROBERT | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| JENNIFER STORM | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| JIMMY PASCASCIO | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| SABINE HADIDA | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 10996 TORREYANA RD, SAN DIEGO, CA 92121-1159
- In care of
- % SARA PAGANO
- Mailing address (990-N for 2020)
- 10996 TORREYANA RD, SAN DIEGO CA 92121
- Principal officer (990 for 2024)
- FRANCESCO SHEROD, 10996 TORREYANA RD 200, SAN DIEGO, CA 92121
- Principal officer (990-N for 2020)
- PETE WYNDHAM, 10996 TORREYANA RD, SAN DIEGO CA 92121
- Signed the 990
- FRANCESCO SHEROD, CFO
- Phone
- (858) 455-0300
- Return prepared by
- JGD & ASSOCIATES LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 85-2241739 or by the name GENERATION STEAM.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
WE ADVOCATE FOR INVESTING IN STEAM EDUCATION AS ONE OF THE MOST EFFECTIVE WAYS TO BUILD A SECURE SOCIO-ECONOMIC ENVIRONMENT FOR EVERYONE REGARDLESS OF RACE, CREED, GENDER OR PERSONAL BELIEFS. WE FEEL THAT IT IS EVERYONE'S JOB NOT JUST TEACHERS TO SPARK EXCITEMENT AND CURIOSITY IN THE MINDS OF YOUNG PEOPLE. WE LEAD BY EXAMPLE IN DEVELOPING PARTNERSHIPS AND INITIATIVES THAT WILL ADVANCE THIS CAUSE.
Program accomplishments
- WE ADVOCATE FOR INVESTING IN STEAM EDUCATION AS ONE OF THE MOST EFFECTIVE WAYS TO BUILD A SECURE SOCIO-ECONOMIC ENVIRONMENT FOR EVERYONE REGARDLESS OF RACE, CREED, GENDER OR PERSONAL BELIEFS. WE FEEL THAT IT IS EVERYONE'S JOB NOT JUST TEACHERS TO SPARK EXCITEMENT AND CURIOSITY IN THE MINDS OF YOUNG PEOPLE. WE LEAD BY EXAMPLE IN DEVELOPING PARTNERSHIPS AND INITIATIVES THAT WILL ADVANCE THIS CAUSE.Expenses $1,424,152
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-2241739
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $771,136
- Income (IRS master file)
- $1,546,778
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,546,778 | $1,508,936 | $771,136 | XML |
| 990 | December 2023 | $1,282,407 | $1,199,252 | $1,074,300 | XML |
| 990 | December 2022 | $897,385 | $769,984 | $1,047,232 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: PETE WYNDHAM | December 31, 2020 | ≤ $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 85-2241739).
Questions about GENERATION STEAM
- What is the EIN of GENERATION STEAM?
- The employer identification number (EIN) of GENERATION STEAM is 85-2241739.
- Is GENERATION STEAM tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to GENERATION STEAM tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GENERATION STEAM 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 GENERATION STEAM 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 GENERATION STEAM 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 GENERATION STEAM?
- The 990 for the year ended December 31, 2024 names FRANCESCO SHEROD.
- Who are the officers and directors of GENERATION STEAM?
- The 990 for the year ended December 31, 2024 lists 14 people; 3 received compensation from the organization.
- How much revenue does GENERATION STEAM have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,546,778, expenses of $1,508,936 and total assets of $771,136 at year end.
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