The Next Step Fund Inc
- Assets
- $1.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 12
- Location
- Cambridge, MA
- Founding
- 11/2001
- Data as of
- 03/2023
- EIN
- 04-3579298
Organization Overview
The Next Step Fund Inc is located in Cambridge, MA. The organization was established in 2001. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 03/2023, Next Step Fund Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Next Step Fund 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 03/2023, Next Step Fund Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $908.2k during the year ending 03/2023. While expenses have increased by 5.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE NEXT STEP FUND, INC. PROVIDES SUPPORT AND EDUCATION PROGRAMS FOR TEENAGERS AND YOUNG ADULTS WITH CHRONIC ILLNESSES OR HISTORY OF CHILDHOOD CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPING PROGRAMS FOR TEEN AND YOUNG ADULT SURVIVORS OF CANCER AND BLOOD DISEASES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kingdar Prussien Board Member | Trustee | 1 | $0 |
Eugene Crowley Treasurer | OfficerTrustee | 1 | $0 |
Mary Ann Guillette Board Member | Trustee | 1 | $0 |
Elizabeth Pasciucco Board Member | Trustee | 1 | $0 |
Dr Matthew Heeney Board Member | Trustee | 1 | $0 |
Reyn Parsons Board Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $619,999 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $619,999 |
| Total Program Service Revenue | $87,663 |
| Investment income | $19,098 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $506,492 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,318,489 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,560 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,959 |
| Compensation of current officers, directors, key employees. | $18,173 |
| Compensation to disqualified persons | $432,381 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,490 |
| Payroll taxes | $45,043 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,265 |
| Advertising and promotion | $3,733 |
| Office expenses | $8,037 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,759 |
| Insurance | $7,555 |
| All other expenses | $40,609 |
| Total functional expenses | $908,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,638 |
| Savings and temporary cash investments | $873,983 |
| Pledges and grants receivable | $275,000 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $46,741 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $208,127 |
| Total assets | $1,602,489 |
| Accounts payable and accrued expenses | $9,400 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $204,360 |
| Total liabilities | $213,760 |
| Net assets without donor restrictions | $1,362,062 |
| Net assets with donor restrictions | $26,667 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,602,489 |