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STREAM FOUNDATION: Form 990EZ, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
STREAM FOUNDATION (EIN 85-1991763)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-04-14
IRS object ID
202201049349200730
Schema version
2021v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-04-14T10:52:50-07:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt
Return Type990EZReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN851991763EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1STREAM FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSTREBusinessNameControlTxt
Phone9728500081PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13131 Turtle Creek Blvd Suite 920AddressLine1Txt
CityDallasCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75219ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMatt McKamyPersonNm
Person TitlePresident & DirectorPersonTitleTxt
Phone9728500081PhoneNum
Signature2022-04-04SignatureDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer1TrustedCustomerCd
OOB Security Verification11OOBSecurityVerificationCd
Last Submission Rqr OOB1LastSubmissionRqrOOBCd
Authentication Assurance LevelAAL2AuthenticationAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Website Addresswww.streamdallas.orgWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$141,922GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$126,917ContributionsGiftsGrantsEtcAmt
Program Service Revenue$0ProgramServiceRevenueAmt
Membership Dues$0MembershipDuesAmt
Investment Income$5InvestmentIncomeAmt
Sale Of Assets Gross$0SaleOfAssetsGrossAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Gain Or Loss From Sale Of Assets$0GainOrLossFromSaleOfAssetsAmt
Gaming Gross Income$0GamingGrossIncomeAmt
Fundraising Gross Income$15,000FundraisingGrossIncomeAmt
Special Events Direct Expenses$0SpecialEventsDirectExpensesAmt
Special Events Net Income Loss$15,000SpecialEventsNetIncomeLossAmt
Gross Sales Of Inventory$0GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Gross Profit Loss Sls Of Invntry$0GrossProfitLossSlsOfInvntryAmt
Other Revenue Total$0OtherRevenueTotalAmt
Total Revenue$141,922TotalRevenueAmt
Grants And Similar Amounts Paid$60,000GrantsAndSimilarAmountsPaidAmt
Benefits Paid To Or For Members$0BenefitsPaidToOrForMembersAmt
Salaries Other Comp Empl Bnft$0SalariesOtherCompEmplBnftAmt
Fees And Other Pymt To Ind Cntrct$6,600FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$0OccupancyRentUtltsAndMaintAmt
Printing Publications Postage$0PrintingPublicationsPostageAmt
Other Expenses Total$6,629OtherExpensesTotalAmt
Total Expenses$73,229TotalExpensesAmt
Excess Or Deficit For Year$68,693ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$5,279NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$73,972NetAssetsOrFundBalancesEOYAmt

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$5,009BOYAmt
EOY$73,972EOYAmt

Land And Buildings LandAndBuildingsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$270BOYAmt
EOY$0EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,279BOYAmt
EOY$73,972EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$5,279BOYAmt
EOY$73,972EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeSTREAM 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 will utilize a two-pronged 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.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomSTREAM Foundation was formed in July 2020. We launched with limited resources, but with a vision to make the asset management industry more inclusive. In 2021 we had six internships for college students in Dallas, Texas, that were accompanied with six different asset management firms in Dallas. In 2022 that number has grown to twenty internships located in Dallas, Austin, Cincinnati, Houston, Fort Worth, and New York. Each of our interns is provided at a minimum $10,000 in total compensation via salary from the asset managers and/or scholarship assistance provided by our organization. During 2021, our organization granted $60,000 to our six interns. We are targeting forty internships for 2023 and are expanding into even more US cities. During the internships, we will 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. Two of our first six interns are graduating this May and both of them will be starting jobs within the industry at well-respected firms. We want to setup our alumni interns for success and provide career long support and mentorship. The other four of our 2021 interns are furthering their career in the industry through subsequent internships with reputable firms. We have assisted in placing them in these roles and will continue to be supportive as each enters the workforce. Each intern is also staying connected through our competition in the Portfolios with Purpose stock challenge where they are able to continue learning about the industry through their participation on our investment committee where we are competing for a grant against several well-known portfolio managers. 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 had our first annual educational event on February 18, 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. Lastly, we have begun brining awareness and educational content to younger students (High school) through a stock challenge that we are running through collaboration with 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!DescriptionProgramSrvcAccomTxt
Grants And Allocations$60,000GrantsAndAllocationsAmt
Program Service Expenses$6,600ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$6,600TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (6 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Matthew McKamy
President and Director15$0$0$0
Ellis Thomas
Director15$0$0$0
Andrew Rosell
Secretary and Director5$0$0$0
Illana Plotkin
Director7$0$0$0
Ryan Bailey
Director2$0$0$0
Somer Washington
Director2$0$0$0
FieldValueIRS element (for citing)
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Form1120 Pol Filed0Form1120PolFiledInd
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldTXStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonMatthew McKamyPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13131 Turtle Creek Blvd Suite 920AddressLine1Txt
CityDallasCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75219ZIPCd
FieldValueIRS element (for citing)
Phone9728500081PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$6,108CurrentTaxYearMinus1YearAmt
Current Tax Year$141,917CurrentTaxYearAmt
Total$148,025TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,108CurrentTaxYearMinus1YearAmt
Current Tax Year$141,917CurrentTaxYearAmt
Total$148,025TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$127,907SubstantialContributorsTotAmt
Public Support Total170$20,118PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$5CurrentTaxYearAmt
Total$5TotalAmt
FieldValueIRS element (for citing)
Total Support$148,030TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceForm 990-EZ, Part I, Line 16FormAndLineReferenceDesc
ExplanationMarketing expenses and payment processing fees.ExplanationTxt

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