Steam Engine Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It owes more than it owns.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
To support and conduct educational, informational, and research activities at the intersection of the Maker Movement and the Science, Technology, Engineering, Arts, and Mathematic (STEAM) disciplines with the primary aim of encouraging youth, particularly those from underrepresented populations, to pursue STEM Education and related careers through the development of 21st Century skills.
- Income
- $165,366
- Spending
- $265,456
- Reserves
- -3.6 months of spending
- Largest source of income
- donations and private grants, 61%
- Highest pay
- $45,178, former executive director
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 0 out of 100. Higher than 0% of charities in its peer group (education, under $250k).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
0 of 20It owes 7528% of what it owns.
Living within its means
0 of 15Spending exceeded income by 61% of income.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $131,785 spent. In 2024, the STEAM Engine delivered hands-on STEM and Arts programming to 345 unique students through weekly engagements facilitated through ongoing partnerships with Boys & Girls Club of Oklahoma County and Millwood Public Schools.
- $3,861 spent. In 2024, the STEAM Engine organized and hosted two State of STEAM Roundtables to bring community leaders, companies, and organizations from across Oklahoma to convene over breakfast to discuss matters at the intersection of economic development, workforce development, PK-20 Education, and STEAM (Science, Technology, Engineering, Arts, and Math). Panelists shared about innovative programs aimed to address these multifaceted issues and participated in conversations to align resources across the state of Oklahoma.
- $250 spent. At the STEAM Career Showcase, the STEAM Engine had more than 10 sponsors, interactive booths, with many volunteers. More than 250 students and parents engaged with industry professionals through hands-on activities related to careers in Science, Technology, Engineering, Arts, and Math.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 2020.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.