October 26, 2016
The STEMIE Coalition has received word from the IRS that it has approved our outstanding 501(c)(3) application as a “Public Charity” effective Sept. 15, 2016. Up to now, The STEMIE Coalition has been under fiscal sponsorship with the Connecticut Invention Convention.
“This is just another step on our long journey to formalize everything about invention and entrepreneurship education in the U.S.,” says Danny Briere, CEO of The STEMIE Coalition. “It’s not easy to obtain approval for 501(c)(3) status from the IRS, and we spent a lot of time on our budgets, strategy, plans, and projections to not only make the IRS comfortable, but also our sponsors and supporters. This is a great validation of where we are heading with STEMIE.”
STEMIE has notified the Connecticut Invention Convention of its IRS approval and the fiscal sponsorship has been concluded; all future donations to STEMIE should be sent straight to The STEMIE Coalition.
“The STEMIE Coalition would like to thank the Connecticut Invention Convention for its support and fiscal sponsorship while the organization was in formation,” Briere says. “We could not have done this without the strong support of the Connecticut Invention Convention Board of Directors and its core sponsors, Stanley Black and Decker and United Technologies Corp. This is as much a nod to them as it is to us!”