2023-11-08T07:51:50-08:00 2022-12-31 810778279 Chopelas Tax and Small Business Services 3906 Crimson Wing Drive Indian Trail NC 28079 990 2022-01-01 851991763 STREAM FOUNDATION STRE 9728500081 3131 Turtle Creek Blvd Suite 920 Dallas TX 75219 Matt McKamy Director 2023-11-08 true Matt McKamy 999009999 true Branden Chopelas CPA P00957268 7042689748 X 0 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Matt McKamy 255835 false X www.streamdallas.org X 2020 TX STREAM Foundation was formed to educate, train, mentor, and provide scholarship and intership 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 will utilize a twopronged approach. First, STREAM Foundation provides education, training and networking opportunities for students from underrepresented minority groups. STREAM Foundation will also assist students in obtaining internships 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 will aim to create change in the asset management industry's recruiting, hiring and retention practices with respect to underrepresented minority candidates and employees. Finally, STREAM Foundation provides college students with scholarships. 7 7 0 100 0 126917 196853 0 5 1353 22046 126922 220252 60000 122457 0 0 6922 0 1922 13229 7749 80151 130206 46771 90046 73972 165005 987 73972 164018 X STREAM Foundation was formed to educate, train, mentor, and provide scholarship and intership 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 will utilize a twopronged approach. First, STREAM Foundation provides education, training and networking opportunities for students from underrepresented minority groups. STREAM Foundation will also assist students in obtaining internships 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 will aim to create change in the asset management industry's recruiting, hiring and retention practices with respect to underrepresented minority candidates and employees. Finally, STREAM Foundation provides college students with scholarships. true false 121207 117457 196853 In 2022 we increased the number of internships provided to students from underserved communities to 18 from 6 in 2021. These internships were completed by college students from around the country with several leading asset management firms in Austin, Cincinnati, Dallas, Houston, Fort Worth, and New York. 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 2022, our organization granted $117,457 to our eighteen interns. We have 35 internships in 2023 and are expanding into even more US cities. 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 will be providing 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. We also hosted an annual educational event in February and October 2022 with a few hundred college students attending both in-person and virtually. The event was hosted at Southern Methodist University and had several panels where students were able to hear from industry leaders from both the buy-side and sell-side. 5000 5000 We have begun brining awareness and educational content to younger students (High school) through what will become an annual stock challenge. In 2022, we supported students in collaboration with other non-profits including: BigBrotherBigSister Dallas, DISD, Young Women's Preparatory Network, UME Preparatory Academy, and Uplift Education. 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. We are very excited about the things we are working on and the future growth that we're expecting! 126207 true true false false false false false false false false true false false false false false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 7 7 false false false false false false false true true false false true false false false false false false Matthew McKamy 9728500081 3131 Turtle Creek Blvd Suite 920 Dallas TX 75219 X Ellis Thomas President 0.00 0.00 X X 0 0 0 Matthew McKamy Director 0.00 0.00 X 0 0 0 Andrew Rosell Secretary 0.00 0.00 X X 0 0 0 Illana Plotkin Director 0.00 0.00 X 0 0 0 Ryan Bailey Director 0.00 0.00 X 0 0 0 Somer Washington Director 0.00 0.00 X 0 0 0 Monica Guerrero Director 0.00 0.00 X 0 0 0 0 false false false 0 196853 10570 196853 0 1353 1353 0 0 0 0 57629 35583 22046 0 0 0 220252 1353 0 122457 122457 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 262 262 0 0 0 0 0 0 0 312 312 0 Training Expenses 2637 2637 Fundraising Expenses 1922 1922 General 1765 1765 Alumni Events 851 851 0 130206 126207 2077 1922 73972 22081 130875 0 10175 0 0 0 0 0 2671 799 1872 0 0 0 0 2 73972 165005 987 0 987 X 63972 140463 10000 23555 73972 164018 73972 165005 90046 X false false false X 6108 141917 254482 402507 0 0 6108 141917 254482 402507 0 402507 5 1353 1358 0 0 403865 X 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2671 799 1872 1872 X false STREAM 26000 26000 1031 1115 3064 5632 Closing Ceremony 25000 25000 6800 5812 1 6629 6629 6629 5500 57629 57629 1031 1115 16493 16944 35583 22046 true 0 0 Intern Scholarship for College 18 117457 Cash Basis Intern Scholarship for HS 10 5000 cash Grantmaker's Description of How Grants are Used Scholarships to college students is manged through an application process. Applicants complete a form including several essay questions to narrow down the recipient pool based upon need and merit. Top applicants go through several rounds of interviews before the final scholarship recipients are selected. Form 990, Part III, Line 2 In 2022, we launched our annual high school stock challenge in partnership with other non-profits focused on before the form was filed. For the tax year 2023 we will be using a paid preparer. supporting the same underserved segments of our community. The purpose of this programming is to increase investment career Form 990, Part VI, Section B, Line 11b - All board members were provided the Form 990 ahead of filing and were able to ask questions Officer and has years of experience regarding regulatory and compliance issues, including potential conflicts of interest. Form 990, Part VI, Section B, Line 12c - The organization's executive team is involved in its daily operations and uses outside legal counsel to advise on any issues that should be considered a potential conflict of interest. Also, the President during 2022 is a Chief Compliance organization's budget and financial situation. 85-1991763 STREAM FOUNDATION Form 990, Part VI, Section B, Line 15 - We had no paid employees during 2022. We hired an executive director in 2023 that is unrelated to anyone in a leadership position. The Board reviewed salary information provided from independent sources in addition to reviewing the general. Form 990, Part VI, Section B, Line 11b No review was or will be conducted. Form 990, Part VI, Section C, Line 19 No documents available to the public.