EIN 85-1991763

Stream Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
State
Year formed
2020
Most recent tax filings
2023-12-01
Description
The Stream Foundation was formed with a mission to educate, train, mentor, and provide scholarship and internship opportunities to students from underrepresented groups in the asset management industry. The goal is to increase industry representation. Despite starting with limited resources in July 2020, the foundation launched with a vision of inclusivity. In 2021, six internships for college students in Dallas, Texas were offered accompanied by six different educational programs.
Total revenues
$229,898
2023
Total expenses
$264,680
2023
Total assets
$117,051
2023
Num. employees
0
2023

Program areas at Stream Foundation

In 2023 we provided 35 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, 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 2023, our organization granted $150,213.15 to our 35 interns. We have 41 internships in 2024 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 have begun bringing 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: BigBrother/BigSister 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

Who funds Stream Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Communities Foundation of TexasThis Grant Is Designated for General Support.$20,325
The Dallas FoundationGeneral Support$10,000
Austin Community Foundation2023 Scholarship Donation$10,000
...and 2 more grants received

Personnel at Stream Foundation

NameTitleCompensation
Matt McKamyDirector
Andrew RosellSecretary and Director$0
Ellis ThomasPresident / Director$0

Financials for Stream Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$188,255
Program services$0
Investment income and dividends$4,850
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$36,425
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$368
Total revenues$229,898

Form 990s for Stream Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-08990View PDF
2021-122022-04-14990EZView PDF
2020-122022-04-19990EZView PDF
Data update history
January 11, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 10, 2024
Updated personnel
Identified 2 new personnel
January 1, 2024
Received grants
Identified 1 new grant, including a grant for $10,000 from Austin Community Foundation
December 28, 2023
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990EZ for fiscal year 2021
Nonprofit Types
SchoolsEducational service providersCharities
Issues
EducationHuman servicesJobs and employment
Characteristics
Partially liquidatedFundraising eventsProvides scholarshipsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
3131 Turtle Creek Blvd Suite 920
Dallas, TX 75219
Metro area
Dallas-Fort Worth-Arlington, TX
County
Dallas County, TX
Website URL
streamdallas.org/ 
Phone
(972) 850-0081
IRS details
EIN
85-1991763
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2020
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
611710: Educational Support Services
Parent/child status
Independent
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