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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 85-1991763

STREAM FOUNDATION

Tax-exempt · DALLAS, TX 75219

Financials

$230K$265K2023$172K$284K2024
Revenue Expenses · by fiscal year end
Financials of STREAM FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$172,122$284,365-$112,243$40,375$1,107$39,268
December 31, 2023990$229,898$264,680-$34,782$117,051$540$116,511
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$170,745
Program service revenue
$0
Investment income
$1,377
Other revenue
$0

Expenses

Grants and similar amounts paid
$125,663
Compensation of officers, directors and key employees
$89,167
Salaries, compensation and benefits (total)
$98,551
Professional fundraising fees
$0
Accounting fees
$3,735
Travel
$7,895
Depreciation
$535
Program services (functional)
$163,461
Management and general (functional)
$120,904

Balance sheet and other

Total assets, start of year
$117,051
Total assets, end of year
$40,375
Total liabilities, end of year
$1,107
Net assets, end of year
$39,268
Land, buildings and equipment
$802
Net assets without donor restrictions
$39,268
Gross receipts
$172,122
Employees
1
Volunteers
120
Year formed
2020
State of legal domicile
TX

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
Ellis ThomasPresident
Trustee or director, Officer
15$0
Matthew McKamyDirector
Trustee or director
5$0
P Trip DyerSecretary
Trustee or director, Officer
2$0
Daryl ChambersDirector
Trustee or director
3$0
Somer WashingtonTreasurer
Trustee or director, Officer
3$0
Monica GuerreroDirector
Trustee or director
3$0
Jeremiah LoefflerDirector
Trustee or director
3$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
Ellis ThomasPresident
Trustee or director, Officer
0$0
Matthew McKamyDirector
Trustee or director
0$0
Andrew RosellSecretary
Trustee or director, Officer
0$0
Daryl ChambersDirector
Trustee or director
0$0
Erika LehmerDirector
Trustee or director
0$0
Somer WashingtonTreasurer
Trustee or director, Officer
0$0
Monica GuerreroDirector
Trustee or director
0$0
Jeremiah LoefflerDirector
Trustee or director
0$0

Address and contacts

Address (IRS master file)
3131 TURTLE CREEK BLVD STE 920, DALLAS, TX 75219-5438
In care of
% MATTHEW MCKAMY
Principal officer (990 for 2024)
Matt McKamy, 3131 Turtle Creek Blvd Suite 880, Dallas, TX 75219
Signed the 990
Matt McKamy, Director
Phone
(972) 850-0081

Mission

STREAM Foundation was formed to educate, train, mentor and provide scholarship and internship opportunities to students from underrepresented groups in the area of asset management with the ultimate goal of increasing industry representations. In order to accomplish its goal, STREAM Foundation utilizes a two pronged approach. First, STREAM Foundation provides education, training and networking opportunities for students from underrepresented groups. STREAM Foundation alsos assist students in obtaining internships and/or other work experience with asset management firms in order to allow students to learn more about the industry, gain valuable experience and deepen and expand their professional networks. Second, STREAM Foundation aims to create change in the asset management industry's recruiting, hiring and retention practices with respect to underrepresented candidates and employees. Finally, STREAM Foundation provides college students with financial support during its internships.

990 for the year ended December 31, 2024

Program accomplishments

  • In 2023 we provided 33 internships to students from underserved communities. These internships were completed by college students from around the country with several leading asset management firms in Austin, Cincinnati, Dallas, Charlotte, Houston, and Fort Worth. Each of our interns was provided at a minimum $10,000 in total compensation via salary from the asset managers and/or scholarship assistance provided by our organization. During 2024, our organization granted $117,663.10 to our 33 interns. During the internships, we host educational events with senior members of the investment community to 1 expand the students' network, 2 provide insights into asset management roles across all segments of the industry and/or 3 discuss experiences senior members working in asset management that are part of these underserved communities have faced and the challenges they have had to navigate. Another service that we be provide under the program is each student will be assigned a mentor from a different asset management firm to further expand his/her network and provide helpful insights and guidance. Our intern alumni have gone on to complete subsequent internships or enter the workforce full-time at reputable organizations such as Aksia, Bank of America, Canyon Partners, Citigroup, Crestline, Goldman Sachs, JP Morgan and Teacher Retirement System of Texas, to name a few. We have assisted in placing them in these roles and will continue to be supportive as each enters the workforce. We have brought awareness to the industry through educational presentations at several colleges, universities, and student organizations since our founding. These presentations were to move forward our cause of educating students from underserved communities about asset management and what our organization was doing to increase the number of roles for people from these communities.
    Expenses $155,461
  • We are bringing awareness and educational content to younger High school school through through our annual stock challenge. In 2024, we supported students in collaboration with several other Dallas-based non-profits focused on the same demographic as our college internship program. We have presented to high school students about the industry and hope to create a pipeline of talent that will eventually be attending college and can apply for the aforementioned internship opportunities. The challenge is run through the Investopedia platform that also includes access to its training resources to further help educate the high school students on investments and the asset management industry.
    Expenses $8,000

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

File the 2025 990-EZ for STREAM FOUNDATION

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
85-1991763
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
Category (NTEE)
Employment (J22)
Assets (IRS master file)
$40,375
Income (IRS master file)
$172,122

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$172,122$284,365$40,375XML
990December 2023$229,898$264,680$117,051XML
990December 2022$220,252$130,206$165,005IRS
990-EZDecember 2021–––IRS

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 85-1991763).

Questions about STREAM FOUNDATION

What is the EIN of STREAM FOUNDATION?
The employer identification number (EIN) of STREAM FOUNDATION is 85-1991763.
Is STREAM FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to STREAM FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does STREAM FOUNDATION 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 STREAM FOUNDATION 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 STREAM FOUNDATION 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 STREAM FOUNDATION?
The 990 for the year ended December 31, 2024 names Matt McKamy.
Who are the officers and directors of STREAM FOUNDATION?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does STREAM FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $172,122, expenses of $284,365 and total assets of $40,375 at year end.

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