Steppingstone Foundation Inc is located in Boston, MA. The organization was established in 1991. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2021, Steppingstone Foundation Inc employed 125 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Steppingstone Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Steppingstone Foundation Inc generated $5.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $4.9m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE STEPPINGSTONE FOUNDATION IS A NON-PROFIT ORGANIZATION THAT PREPARES STUDENTS FROM HISTORICALLY MARGINALIZED COMMUNITIES TO ACCESS, NAVIGATE, AND GRADUATE FROM COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STEPPINGSTONE ACADEMY IN BOSTON PREPARES MOTIVATED, UNDERSERVED FIFTH- AND SIXTH-GRADERS WITH AN INTENSIVE 14-MONTH AFTER-SCHOOL AND SUMMER ACADEMIC PROGRAM DESIGNED TO ASSIST THESE STUDENTS IN GAINING ADMISSION TO INDEPENDENT AND PUBLIC EXAM SCHOOLS IN THE SIXTH AND SEVENTH GRADES. AFTER COMPLETING THE 14-MONTH ACADEMIC COMPONENT, SUPPORT SERVICES SUCH AS MENTORING, COUNSELING, EXTRACURRICULAR ACTIVITIES, AND COLLEGE GUIDANCE ARE PROVIDED TO ENSURE THAT THE STUDENTS GRADUATE FROM HIGH SCHOOL AND GO ON TO COMPLETE COLLEGE. DURING THE 2020-2021 ACADEMIC YEAR, THE STEPPINGSTONE ACADEMY SERVED 716 STUDENTS IN GRADES 5-12 AND 527 STUDENTS ENROLLED IN COLLEGE. OF THE SCHOLARS WHO COMPLETE THE ACADEMIC COMPONENT, 85% GAIN ADMISSION TO AN INDEPENDENT OR PUBLIC EXAM SCHOOL, 99% GRADUATE FROM HIGH SCHOOL, AND 93% ENROLL AT FOUR-YEAR COLLEGES. 80% GRADUATE FROM FOUR-YEAR COLLEGES WITHIN SIX YEARS.
THE COLLEGE SUCCESS ACADEMY, WHICH WAS LAUNCHED IN 2010, SERVED 227 SCHOLARS IN THE 2020-2021 ACADEMIC YEAR. WITH THE ULTIMATE GOAL OF HELPING STUDENTS ACHIEVE COLLEGE GRADUATION, THIS PROGRAM PROVIDES ACADEMIC SUPPORT SPANNING FOUR SCHOOL YEARS AND INCLUDES THREE SUMMERS, BEGINNING THE SUMMER BEFORE FIFTH GRADE AND CONTINUING THROUGH THE SUMMER AFTER EIGHTH GRADE. AFTER COMPLETING THE ACADEMIC PREPARATION COMPONENT, SUPPORT SERVICES SUCH AS MENTORING, COUNSELING, EXTRACURRICULAR ACTIVITIES, AND COLLEGE GUIDANCE ARE PROVIDED TO ENSURE THAT THE STUDENTS GRADUATE FROM HIGH SCHOOL AND GO ON TO COMPLETE COLLEGE.
THE NATIONAL PARTNERSHIP FOR EDUCATIONAL ACCESS (NPEA), WHICH THE STEPPINGSTONE FOUNDATION FORMALLY LAUNCHED IN 2007, IS A MEMBERSHIP ORGANIZATION FOR PROGRAMS WORKING TO INCREASE EDUCATIONAL OPPORTUNITIES FOR MOTIVATED UNDERSERVED STUDENTS. AT THE END OF FISCAL YEAR 2021, NPEA HAD 229 MEMBERS FROM ALL ACROSS THE COUNTRY, INCLUDING EDUCATIONAL NONPROFITS, SCHOOLS, AND COLLEGES & UNIVERSITIES. NPEA MEMBERS SHARE BEST PRACTICES, NETWORK, RECEIVE PROFESSIONAL DEVELOPMENT AND CAN ACCESS EDUCATIONAL SERVICES FOR THEIR STUDENTS AS A BENEFIT OF PARTICIPATING IN NPEA.
THE STEPPINGSTONE SCHOLARS PROGRAM WAS LAUNCHED IN 2021 AND WILL MERGE THE STEPPINGSTONE ACADEMY AND COLLEGE SUCCESS ACADEMY. THE STEPPINGSTONE SCHOLARS PROGRAM PREPARES STUDENTS FROM HISTORICALLY MARGINALIZED COMMUNITIES IN BOSTON TO ACCESS, NAVIGATE, AND GRADUATE FROM COLLEGE. RISING FIFTH- AND SIXTH-GRADE SCHOLARS BEGIN THEIR STEPPINGSTONE JOURNEY WITH ADMISSION TO THE ACADEMY, A SUMMER AND AFTER-SCHOOL PROGRAM THAT INSTILLS FOUNDATIONAL ACADEMIC, SOCIAL-EMOTIONAL, AND LIFE SKILLS. SCHOLARS AND THEIR FAMILIES BEGIN WORKING WITH ADVISORS TO GAIN ADMISSION TO "RIGHT FIT" MIDDLE SCHOOLS, AND LATER, HIGH SCHOOLS, OPENING DOORS TO COLLEGE PREPARATORY CURRICULA AND HIGH-QUALITY LEARNING EXPERIENCES. IN THE YEARS THAT FOLLOW, STEPPINGSTONE PROVIDES HOLISTIC SOCIAL-EMOTIONAL AND COLLEGE-READINESS SUPPORT, TAILORING SERVICES TO MEET THE EVOLVING NEEDS OF EACH AGE GROUP THROUGH COLLEGE GRADUATION. AT EVERY STEP OF THIS 12+ YEAR JOURNEY, SCHOLARS BENEFIT FROM RELATIONSHIPS AND RESOURCES TO NAVIGATE ACADEMIC AND PERSONAL CHALLENGES, FORTIFYING THEIR PATH TO A COLLEGE DEGREE AND FUTURE SUCCESS. IN 2021, 114 SCHOLARS WERE ADMITTED TO THE STEPPINGSTONE SCHOLARS PROGRAM WHICH WILL BEGIN DURING THE SUMMER OF 2021.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kelly D Glew President | Officer | 40 | $163,381 |
Kate Wood Executive VP Of Advancement | 40 | $137,774 | |
Kerry L Tavernese Chief Financial & Administrative Officer | Officer | 40 | $123,944 |
Angela Madore VP Of Programs & Talent Development | 40 | $101,048 | |
Brian Conway Vice Chair | OfficerTrustee | 5 | $0 |
Isabelle Loring Chair | OfficerTrustee | 15 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $4,586,832 |
Investment income | $119,555 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$142 |
Net Income from Fundraising Events | $23,492 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,072,274 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $293,191 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,621,894 |
Pension plan accruals and contributions | $52,304 |
Other employee benefits | $187,103 |
Payroll taxes | $252,806 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,240 |
Fees for services: Accounting | $23,756 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $65,838 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $86,555 |
Advertising and promotion | $0 |
Office expenses | $40,278 |
Information technology | $43,247 |
Royalties | $0 |
Occupancy | $546,511 |
Travel | $87,197 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $22,283 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $20,916 |
Insurance | $30,726 |
All other expenses | $0 |
Total functional expenses | $4,878,670 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,015,169 |
Savings and temporary cash investments | $494,116 |
Pledges and grants receivable | $1,989,194 |
Accounts receivable, net | $51,692 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $155,553 |
Investments—publicly traded securities | $3,558,528 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $7,361,021 |
Accounts payable and accrued expenses | $391,655 |
Grants payable | $0 |
Deferred revenue | $270,323 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $547,200 |
Other liabilities | $0 |
Total liabilities | $1,209,178 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $6,151,843 |
Over the last fiscal year, we have identified 1 grants that Steppingstone Foundation Inc has recieved totaling $1,000.
Awarding Organization | Amount |
---|---|
Emerson-Griffin-Toring Private Foundation Bend, OR PURPOSE: EDUCATION | $1,000 |
Beg. Balance | $2,177,864 |
Earnings | $701,005 |
Admin Expense | $38,849 |
Net Contributions | $2,528,972 |
Ending Balance | $5,368,992 |
Organization Name | Assets | Revenue |
---|---|---|
Variety Child Learning Center Syosset, NY | $8,356,973 | $21,867,725 |
Nashoba Learning Group Inc Bedford, MA | $17,818,775 | $20,934,730 |
The Hagedorn Little Village School Seaford, NY | $17,101,359 | $21,155,572 |
Summit School Upper Nyack, NY | $17,974,431 | $18,614,927 |
Steppingstone Day School Inc Kew Garden Hills, NY | $5,707,568 | $18,884,905 |
Childrens Center Of Hamden Inc Hamden, CT | $5,057,304 | $17,805,585 |
Kennedy Childrens Center New York, NY | $16,208,391 | $17,351,422 |
League School Brooklyn, NY | $8,003,102 | $18,878,930 |
League School Of Greater Boston Inc Walpole, MA | $19,876,889 | $16,713,452 |
Milestones Behavioral Services Inc Orange, CT | $21,061,189 | $19,167,051 |
The Manhattan Childrens Center Inc New York, NY | $11,028,934 | $17,851,466 |
American Federation Of Teachers Yonkers, NY | $7,190,230 | $15,527,584 |