Step-Student Expedition Program Inc
- Assets
- $1.1m
- Revenue
- $857.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Tucson, AZ
- Founding
- 02/2003
- Data as of
- 08/2023
- 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 08/2023, 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 08/2023, Step-Student Expedition Program Inc generated $857.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $780.2k during the year ending 08/2023. While expenses have increased by 12.4% per year over the past 6 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
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 2023 ARE ATTENDING THE THREE ARIZONA STATE UNIVERSITIES AS WELL AS TOP-RANKED SCHOOLS NATIONWIDE INCLUDING HARVARD, YALE, STANFORD, BROWN, DUKE, JOHNS HOPKINS, NORTHWESTERN, VANDERBILT, POMONA, AND WILLIAMS. STEPS CLASS OF 2023 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 | $99,000 |
Andrew White Board Chair | OfficerTrustee | 1 | $0 |
Fred Pakis Board Treasurer | OfficerTrustee | 1 | $0 |
Debora Luna Board Secretary | OfficerTrustee | 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 | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $848,171 |
| Noncash contributions included in lines 1a–1f | $5,186 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $848,171 |
| Total Program Service Revenue | $0 |
| Investment income | $9,535 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$135 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $857,571 |
| 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. | $109,975 |
| Compensation of current officers, directors, key employees. | $10,998 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $238,459 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,788 |
| Payroll taxes | $25,613 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,537 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $125 |
| Fees for services: Other | $5,820 |
| Advertising and promotion | $6,632 |
| Office expenses | $7,806 |
| Information technology | $40,889 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $32,482 |
| 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 | $5,172 |
| All other expenses | $0 |
| Total functional expenses | $780,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,183 |
| Savings and temporary cash investments | $224,768 |
| 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 | $792,742 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $10,160 |
| Other assets | $0 |
| Total assets | $1,051,853 |
| 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 | $10,100 |
| Total liabilities | $10,100 |
| Net assets without donor restrictions | $1,041,753 |
| 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 | $1,051,853 |