Stempower Inc is a private foundation focused on Human Services, based in Swampscott, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $153K in total assets. In 2024, it awarded 13 grants totaling $2.0M. Net investment income was $3K.
Key facts about Stempower Inc
- EIN
- 83-2778390
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,014,794
- Grants made (2024)
- 13
- Average grant
- $154,984
- Median grant
- $7,370
- Total assets
- $153,291
- Primary geography
- Iowa (0% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who Stempower Inc funds
None of its 13 grants with a stated purpose were described as general or operating support.
How Stempower Inc gives
- 54% of 2024 grantees were also funded in 2023. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$153K
-24.5% YoY
Annual Giving
$2.0M
-10.7% YoY
Grant Count
13
-7.1% YoY
Avg Grant Size
$155K
-3.8% YoY
Under IRS private-foundation payout rules, Stempower Inc reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.
About Stempower Inc
Based on IRS filings
Stempower Inc is a private foundation focused on Human Services, based in Swampscott, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $153K in total assets. In 2024, it awarded 13 grants totaling $2.0M. Net investment income was $3K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 13 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $153,291 | $202,954 | $225,297 |
| Revenue | $2,064,457 | $2,331,049 | $2,475,009 |
| Expenses | $2,107,920 | $2,345,092 | $3,129,239 |
| Qualifying Distributions | $2,023,963 | $2,264,246 | — |
| Net Investment Income | $2,555 | — | — |
| Distributable Amount | $11,267 | $14,620 | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Stempower Ethiopia ($716,035), STEM Centers Across Africa ($671,697), Stempower Rwanda ($345,128).
| Recipient | Purpose | Amount |
|---|---|---|
| STEMPOWER ETHIOPIA | TO PROVIDE A HIGHER LEVEL OF SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH EDUCATION THROUGH THE USE OF HANDS ON TRAINING ON LAB EQUIPMENT TO PRE-UNIVERSITY STUDENTS. | $716,035 |
| STEM CENTERS ACROSS AFRICA | TO PROVIDE A HIGHER LEVEL OF SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH EDUCATION THROUGH THE USE OF HANDS ON TRAINING ON LAB EQUIPMENT TO PRE-UNIVERSITY STUDENTS. | $671,697 |
| STEMPOWER RWANDA | TO PROVIDE A HIGHER LEVEL OF SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH EDUCATION THROUGH THE USE OF HANDS ON TRAINING ON LAB EQUIPMENT TO PRE-UNIVERSITY STUDENTS. | $345,128 |
| STEMPOWER SOUTH SUDAN | TO PROVIDE A HIGHER LEVEL OF SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH EDUCATION THROUGH THE USE OF HANDS ON TRAINING ON LAB EQUIPMENT TO PRE-UNIVERSITY STUDENTS. | $220,095 |
| ABAYIDAYA MENS CLUB ASSOCIATION UGANDA | TO PROVIDE A HIGHER LEVEL OF SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH EDUCATION THROUGH THE USE OF HANDS ON TRAINING ON LAB EQUIPMENT TO PRE-UNIVERSITY STUDENTS. | $23,756 |
| MOREDRECK MAERESERA | TO PROVIDE A HIGHER LEVEL OF SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH EDUCATION THROUGH THE USE OF HANDS ON TRAINING ON LAB EQUIPMENT TO PRE-UNIVERSITY STUDENTS. | $7,600 |
| RIPPLES OF CHANGE FOUNDATION West Des Moines, IA | TO PROVIDE A HIGHER LEVEL OF SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH EDUCATION THROUGH THE USE OF HANDS ON TRAINING ON LAB EQUIPMENT TO PRE-UNIVERSITY STUDENTS. | $7,370 |
| JEWEL STARFISH FOUNDATION | TO PROVIDE A HIGHER LEVEL OF SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH EDUCATION THROUGH THE USE OF HANDS ON TRAINING ON LAB EQUIPMENT TO PRE-UNIVERSITY STUDENTS. | $7,000 |
| MALAGASY LOGISTICS SARLU | TO PROVIDE A HIGHER LEVEL OF SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH EDUCATION THROUGH THE USE OF HANDS ON TRAINING ON LAB EQUIPMENT TO PRE-UNIVERSITY STUDENTS. | $5,593 |
| UNIVERSITY OF ESWATINI | TO PROVIDE A HIGHER LEVEL OF SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH EDUCATION THROUGH THE USE OF HANDS ON TRAINING ON LAB EQUIPMENT TO PRE-UNIVERSITY STUDENTS. | $4,700 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2021 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Tim Veldman | Treasurer/CFO | 1 | — |
| Shachar Zahavi | Secretary | 1 | — |
| Mou Deng Riiny | Director | 1 | — |
| Galit Cohen | Director | 1 | — |
| Daniel Lark | Director | 1 | — |
| Mark Gelfand | President | 1 | — |
| Edwin Kumfa | CEO | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Stempower Inc?
Stempower Inc is a private foundation focused on Human Services, based in Swampscott, MA. It holds $153K in total assets as of 2024.
How large is Stempower Inc?
As of 2024, Stempower Inc holds $153K in total assets with $2.1M in annual revenue. It awarded 13 grants totaling $2.0M in 2024.
Where does Stempower Inc operate?
Stempower Inc has awarded grants in Iowa, Missouri.
What size grants does Stempower Inc award?
In 2024, Stempower Inc awarded 13 grants totaling $2.0M — an average of about $155K per grant, based on its IRS Form 990 filings.
How much is Stempower Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Stempower Inc reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Stempower Inc's EIN?
Stempower Inc's EIN (Employer Identification Number) is 83-2778390. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.