Stepping Stones Charter Elementary Inc
- Assets
- $7.5m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 117
- Location
- Houston, TX
- Founding
- 07/2004
- Data as of
- 08/2023
- EIN
- 33-1073903
Organization Overview
Stepping Stones Charter Elementary Inc is located in Houston, TX. The organization was established in 2004. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 08/2023, Stepping Stones Charter Elementary Inc employed 117 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stepping Stones Charter Elementary 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, Stepping Stones Charter Elementary Inc generated $9.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $8.9m during the year ending 08/2023. While expenses have increased by 7.0% per year over the past 4 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
OPEN ENROLLMENT PUBLIC CHARTER ELEMENTARY SCHOOL - GRADES PRE-K THROUGH 8TH
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPEN ENROLLMENT PUBLIC CHARTER ELEMENTARY SCHOOL - GRADES PRE-K THROUGH 8TH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Clark Superintendent | Officer | 40 | $186,700 |
Rosa Woodfork Board President | OfficerTrustee | 1 | $0 |
Debra Greenwood Secretary | OfficerTrustee | 1 | $0 |
Mark Eyring CPA Treasurer | OfficerTrustee | 1 | $0 |
Stacy Sederis Vice President | OfficerTrustee | 1 | $0 |
Brenda Scott Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Walden School Inc Building Rent | 8/30/23 | $295,200 |
Asantos Remodeling Mtce,repair,remodeling | 8/30/23 | $137,881 |
Abundmer Inc Building Rent | 8/30/23 | $114,209 |
The Healthy Lunch Box Food=catering | 8/30/23 | $491,417 |
Petereit Investments Inc Building Rent | 8/30/23 | $456,407 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,918,208 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,218 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,924,426 |
| Total Program Service Revenue | $29,539 |
| Investment income | $1,516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,955,481 |
| 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. | $186,700 |
| Compensation of current officers, directors, key employees. | $186,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,723,726 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $490,018 |
| Payroll taxes | $70,862 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $788 |
| Fees for services: Accounting | $23,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $197,364 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,030,306 |
| Travel | $47,702 |
| 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 | $101,661 |
| Insurance | $29,335 |
| All other expenses | $365,427 |
| Total functional expenses | $8,878,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $908,675 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $670,428 |
| Accounts receivable, net | $8,700 |
| 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 | $70,305 |
| Net Land, buildings, and equipment | $583,849 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,299,804 |
| Total assets | $7,541,761 |
| Accounts payable and accrued expenses | $189,038 |
| Grants payable | $0 |
| Deferred revenue | $224,604 |
| 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 | $5,360,197 |
| Other liabilities | $0 |
| Total liabilities | $5,773,839 |
| Net assets without donor restrictions | $605,375 |
| Net assets with donor restrictions | $1,162,547 |
| 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 | $7,541,761 |