2025-05-28T12:03:42-07:00 2024-12-31 990 2024-01-01 851991763 STREAM FOUNDATION STRE 9728500081 3131 Turtle Creek Blvd Suite 880 Dallas TX 75219 Matt McKamy Director 9728500081 2025-05-15 1 2024 2025-03-06 01:10:19Z Matt McKamy 3131 Turtle Creek Blvd Suite 880 Dallas TX 75219 172122 0 X www.thestreamfoundation.org X 2020 TX 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 also assists 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. 7 7 1 120 0 0 188255 170745 0 0 4850 1377 36793 0 229898 172122 160713 125663 0 0 73094 98551 0 0 0 30873 60151 264680 284365 -34782 -112243 117051 40375 540 1107 116511 39268 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. 0 0 155461 0 0 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. 8000 0 0 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. 0 0 0 163461 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 X Cobalt Fund Services 2142955994 4514 Cole Avenue Suite 600 Dallas TX 75205 Ellis Thomas President 15 0 X X 0 0 0 Matthew McKamy Director 5 0 X 0 0 0 P Trip Dyer Secretary 2 0 X X 0 0 0 Daryl Chambers Director 3 0 X 0 0 0 Somer Washington Treasurer 3 0 X X 0 0 0 Monica Guerrero Director 3 0 X 0 0 0 Jeremiah Loeffler Director 3 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 19862 0 0 150883 5047 170745 0 1377 0 0 1377 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 172122 0 0 1377 0 0 125663 125663 0 0 0 0 89167 0 89167 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9384 0 9384 0 0 0 0 0 0 0 0 0 3735 0 3735 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2910 0 2910 0 3678 0 3678 0 18664 17374 1290 0 0 0 0 0 0 0 0 0 7895 0 7895 0 0 0 0 0 17947 17947 0 0 0 0 0 0 0 0 0 0 535 0 535 0 0 0 0 0 Educational resources 4787 2477 2310 0 0 0 0 0 284365 163461 120904 0 7991 39573 90648 0 0 0 17075 0 0 0 0 0 0 0 0 0 0 0 2671 1869 1337 802 0 0 0 0 0 0 0 0 0 0 117051 40375 540 1107 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 540 1107 X 116511 39268 0 0 116511 39268 117051 40375 X -112243 0 0 0 35000 0 X 1 X 0 0 0 X 6108 141917 218899 225048 170745 762717 0 0 0 0 0 0 0 0 0 0 0 0 6108 141917 218899 225048 170745 762717 762717 0 5 1353 4850 1377 7585 0 0 0 0 0 0 770302 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 2671 1869 802 0 0 0 0 802 Closing Ceremony 15000 0 15000 0 0 0 7074 0 2826 NTX Giving Day 21938 0 21938 0 0 0 0 0 17076 0 36938 0 36938 0 0 0 7074 0 19902 26976 9962 1 Intern Scholarship for College 33 117113 0 Cash Basis Merit based scholarship for HS 16 8000 0 Cash Basis Schedule I, Part I, Line 2 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 VI, Section B, Line 11b Matt McKamy, a Director and CPA, has reviewed this form. The form is circulated to the other Directors to allow for questions and/or comments. Form 990, Part VI, Section C, Line 19 We will provide these documents upon request. Form 990, Part XI, Line 8 During the preparation of our 2024 990, we discovered that our past paid tax preparer inadvertently excluded $35,000 of pledges that were recorded in our books and records.