Step-Student Expedition Program Inc
- Assets
- $939.2k
- Revenue
- $736.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Tucson, AZ
- Founding
- 02/2003
- Data as of
- 08/2022
- EIN
- 22-3879050
Organization Overview
Step-Student Expedition Program Inc is located in Tucson, AZ. The organization was established in 2003. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 08/2022, Step-Student Expedition Program Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Step-Student Expedition Program 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 08/2022, Step-Student Expedition Program Inc generated $736.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $693.3k during the year ending 08/2022. While expenses have increased by 15.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EQUIP MOTIVATED LOW-INCOME ARIZONA STUDENTS WITH THE KNOWLEDGE, CONFIDENCE, AND LEADERSHIP SKILLS TO OBTAIN A COLLEGE DEGREE AND BREAK THE CHAIN OF GENERATIONAL POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE-PREP PROGRAM STEP PROVIDED ITS COMPREHENSIVE COLLEGE-PREP PROGRAM TO OVER 200 LOW-INCOME ARIZONA HIGH-SCHOOL STUDENTS LAST YEAR. STEPS GRADUATING CLASS OF 2022 ARE ATTENDING THE THREE ARIZONA STATE UNIVERSITIES AS WELL AS TOP-RANKED SCHOOLS NATIONWIDE INCLUDING HARVARD, PRINCETON, YALE, AMHERST, BROWN, DARTMOUTH, JOHNS HOPKINS, U PENN, WELLESLEY, AND WILLIAMS. STEPS CLASS OF 2022 RECEIVED OVER 4 MILLION IN 1ST-YEAR GIFT AID FROM THE SCHOOLS THEY ARE ATTENDING, CORRESPONDING TO OVER 16 MILLION FOR THE NEXT FOUR YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Baynes Founder, President, And CEO | Officer | 40 | $88,625 |
Fred Pakis Board Treasurer | OfficerTrustee | 1 | $0 |
Andrew White Board Chair | OfficerTrustee | 1 | $0 |
Debora Luna Board Secretary | Trustee | 1 | $0 |
Charles Layne Director | Trustee | 1 | $0 |
Christy Burton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $693,391 |
| Noncash contributions included in lines 1a–1f | $10,245 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $728,391 |
| Total Program Service Revenue | $0 |
| Investment income | $7,817 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $169 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $736,377 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $101,624 |
| Compensation of current officers, directors, key employees. | $10,162 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $225,709 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,133 |
| Payroll taxes | $26,040 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,770 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,576 |
| Advertising and promotion | $31,030 |
| Office expenses | $6,444 |
| Information technology | $8,950 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,441 |
| 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 | $15,240 |
| Insurance | $5,418 |
| All other expenses | $0 |
| Total functional expenses | $693,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,085 |
| Savings and temporary cash investments | $407,856 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $442,842 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $25,400 |
| Other assets | $0 |
| Total assets | $939,183 |
| Accounts payable and accrued expenses | $0 |
| 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 | $10,407 |
| Total liabilities | $10,407 |
| Net assets without donor restrictions | $928,776 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $939,183 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Step-Student Expedition Program Inc has recieved totaling $354,698.
| Awarding Organization | Amount |
|---|---|
Burton Family Foundation Phoenix, AZ PURPOSE: 2021 /2022 COLLEGE PREP PROGRAMMING | $150,000 |
Pakis Family Foundation Phoenix, AZ PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Arizona Community Foundation Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $29,500 |
Thunderbirds Charities Phoenix, AZ PURPOSE: EDUCATION | $25,000 |
Thomas R Brown Family Foundation Tucson, AZ PURPOSE: Support | $20,000 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $20,000 |
Endowment Analysis
| Beg. Balance | $1,648 |
| Other Expense | $1,648 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
U C San Diego Foundation La Jolla, CA | $1,658,962,820 | $199,905,173 |
Colorado State University Foundation Fort Collins, CO | $706,044,439 | $163,322,590 |
California State University Fresno Foundation Fresno, CA | $305,581,286 | $82,049,002 |
University Corporation At Monterey Bay Seaside, CA | $199,917,843 | $49,155,763 |
San Jose State University Research Foundation San Jose, CA | $57,091,451 | $53,661,013 |
University Of Nevada-Reno Foundation Reno, NV | $310,760,494 | $35,673,494 |
The U C Davis Foundation Davis, CA | $716,342,130 | $110,976,640 |
Unm Rainforest Innovations Albuquerque, NM | $22,586,721 | $58,002,418 |
Southwestern Law School Los Angeles, CA | $126,801,745 | $54,692,632 |
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |