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Portsmouth Stem Academy

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Elementary, Secondary Education, K - 12 (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2024 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.
Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$1.91M (2024)

Expenses
$1.61M (2024)

Total Assets
$4.5M (2024)

Total Liabilities
$1.41M (2024)

Source: Form 990 tax filings from 2014 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,909,631
Expenses
$1,608,074
Net Income
$301,557
Net Assets
$3,099,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $275,357
14.4%
Program Services $1,572,855
82.4%
Investment Income $3,978
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $38,150
2.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $19,291
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,069,048
66.5%
Assets/Debt
Total Assets $4,504,279
Total Liabilities $1,405,279
Net Assets $3,099,000
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Chuck Davis (Member) $0 $0 $0
Michael Barnhart (Trustee) $0 $0 $0
Adam Heim (Treasurer) $0 $0 $0
Matt Seifert (President) $0 $0 $0

Document Links

Fiscal Year Ending July
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,857,692
Expenses
$1,564,693
Net Income
$292,999
Net Assets
$2,816,905
Notable Sources of Revenue Percent of Total Revenue
Contributions $351,956
18.9%
Program Services $1,440,798
77.6%
Investment Income $156
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $49,932
2.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $14,850
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,039,352
66.4%
Assets/Debt
Total Assets $4,320,732
Total Liabilities $1,503,827
Net Assets $2,816,905
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Matt Seifert (Member) $0 $0 $0
Andrew Feight (Member) $0 $0 $0
Scottie Powell (Member) $0 $0 $0
Adam Heim (Treasurer) $0 $0 $0
Michael Barnhart (President) $0 $0 $0
Coleen Kosan (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending July
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,998,099
Expenses
$1,415,589
Net Income
$1,582,510
Net Assets
$2,537,330
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,535,680
51.2%
Program Services $1,415,470
47.2%
Investment Income $149
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $34,213
1.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $12,587
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $838,405
59.2%
Assets/Debt
Total Assets $4,119,271
Total Liabilities $1,581,941
Net Assets $2,537,330
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Matt Seifert (Member) $0 $0 $0
Andrew Feight (Member) $0 $0 $0
Scottie Powell (Member) $0 $0 $0
Adam Heim (Treasurer) $0 $0 $0
Michael Barnhart (President) $0 $0 $0
Coleen Kosan (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending July
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,804,169
Expenses
$1,404,758
Net Income
$399,411
Net Assets
$969,051
Notable Sources of Revenue Percent of Total Revenue
Contributions $364,771
20.2%
Program Services $1,413,632
78.4%
Investment Income $192
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $25,574
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $879,790
62.6%
Assets/Debt
Total Assets $970,841
Total Liabilities $1,790
Net Assets $969,051
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Andrew Feight (Member) $0 $0 $0
Michael Barnhart (Member) $0 $0 $0
Matt Seifert (Member) $0 $0 $0
Adam Heim (Treasurer) $0 $0 $0
Coleen Kosan (Secretary) $0 $0 $0
Krista Putnam (President) $0 $0 $0

Document Links

Fiscal Year Ending July
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,465,423
Expenses
$1,229,094
Net Income
$236,329
Net Assets
$569,640
Notable Sources of Revenue Percent of Total Revenue
Contributions $177,425
12.1%
Program Services $1,279,321
87.3%
Investment Income $483
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $8,194
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $723,472
58.9%
Assets/Debt
Total Assets $769,845
Total Liabilities $200,205
Net Assets $569,640
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Barnhart (Member) $0 $0 $0
Andrew Feight (Member) $0 $0 $0
George White (Member) $0 $0 $0
Terry Horner (Member) $0 $0 $0
Kristen Livingston (Secretary) $0 $0 $0
Krista Putnam (President) $0 $0 $0
Matt Seifert (Legal Secretary) $0 $0 $0
Adam Heim (Treasurer) $0 $0 $0
Francesca Hartop (Past President) $0 $0 $0

Document Links

Fiscal Year Ending July
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,215,109
Expenses
$1,021,697
Net Income
$193,412
Net Assets
$371,718
Notable Sources of Revenue Percent of Total Revenue
Contributions $157,511
13.0%
Program Services $1,053,714
86.7%
Investment Income $327
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,557
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $634,901
62.1%
Assets/Debt
Total Assets $989,031
Total Liabilities $617,313
Net Assets $371,718
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Barnhart (Member) $0 $0 $0
Andrew Feight (Member) $0 $0 $0
George White (Member) $0 $0 $0
Terry Horner (Member) $0 $0 $0
Kristen Livingston (Secretary) $0 $0 $0
Krista Putnam (Vice President) $0 $0 $0
Matt Seifert (Legal Secretary) $0 $0 $0
Adam Heim (Treasurer) $0 $0 $0
Francesca Hartop (President) $0 $0 $0

Document Links

Fiscal Year Ending July
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,746,638
Expenses
$1,701,777
Net Income
$44,861
Net Assets
-$38,315
Notable Sources of Revenue Percent of Total Revenue
Contributions $122,983
7.0%
Program Services $1,615,820
92.5%
Investment Income $54
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $5,200
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,581
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $5,096
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $465,749
27.4%
Assets/Debt
Total Assets $145,085
Total Liabilities $183,400
Net Assets -$38,315
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Lisa Cheek (Recording Secretary) $5,096 $0 $0
Andrew Feight (Member) $0 $0 $0
Francesca Hartop (President) $0 $0 $0
Krista Maxson (Member) $0 $0 $0
George White (Member) $0 $0 $0
Michael Barnhart (Member Treasurer) $0 $0 $0
Mark Chepp (Treasurer) $0 $0 $0
Krista Putnam (Vice President) $0 $0 $0
Matt Seifert (Legal Secretary) $0 $0 $0

Document Links

Fiscal Year Ending July
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,378,869
Expenses
$920,878
Net Income
$457,991
Net Assets
-$83,176
Notable Sources of Revenue Percent of Total Revenue
Contributions $590,412
42.8%
Program Services $788,457
57.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $325,618
35.4%
Assets/Debt
Total Assets $32,404
Total Liabilities $115,580
Net Assets -$83,176
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Barnhart Michael (Board Member) $0 $0 $6,700
Bradbury Barb (Board Member) $0 $0 $0
Chepp Mark (Chair) $0 $0 $0
Feight Andrew (Vice Chair) $0 $0 $0
Hartop Francesca (Treasurer) $0 $0 $0
Mchenry John (Secretary) $0 $0 $0
Putnam Krista (Recording Secretary) $0 $0 $6,432
White George (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending July
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$181,920
Expenses
$434,140
Net Income
-$252,220
Net Assets
-$541,167
Notable Sources of Revenue Percent of Total Revenue
Contributions $50,665
27.9%
Program Services $131,255
72.1%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $25,014
Total Liabilities $566,181
Net Assets -$541,167
Other
Operated a school
Compensation
Key Employees and Officers Compensation Other
Megan Warnock (Principal Of School) $62,615 $4,282
Michael Barnhart (Board Member) $0 $0
Barb Bradbury (Board Member) $0 $0
Mark Chepp (Board Member Chairman) $0 $0
Andrew Feight (Board Member Vice Chairm) $0 $0
Francesca Hartop (Board Member Treasurer) $0 $0
John Mchenry (Board Member Secretary) $0 $0
Casey Smith (Board Member) $0 $0
George F White (Board Member) $0 $0
Krista Putnam (Board Member Recording Secretary) $0 $0

Document Links

Fiscal Year Ending July
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$199,943
Expenses
$429,534
Net Income
-$229,591
Net Assets
-$288,947
Notable Sources of Revenue Percent of Total Revenue
Contributions $38,002
19.0%
Program Services $161,941
81.0%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $30,703
Total Liabilities $319,650
Net Assets -$288,947
Other
Operated a school
Compensation
Key Employees and Officers Compensation Other
Michael Barnhart (Board Member) $0 $0
Barb Bradbury (Board Member) $0 $0
Eric Braun (Board Member) $0 $0
Mark Chepp (Board Member Chairman) $0 $0
Andrew Feight (Board Member Vice Chairman) $0 $0
Francesca Hartop (Board Member Treasurer) $0 $0
John Mchenry (Board Member Secretary) $0 $0
Casey Smith (Board Member Recording Secretary) $0 $0
George F White (Board Member) $0 $0
Krista Putnam (Board Member) $0 $0

Document Links

Fiscal Year Ending July
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,800
Expenses
$63,156
Net Income
-$59,356
Net Assets
-$59,356
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,250
32.9%
Program Services $2,550
67.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $27,765
44.0%
Assets/Debt
Total Assets -$400
Total Liabilities $58,956
Net Assets -$59,356

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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