Stepping Stones Of Rockford Inc
- Assets
- $9.1m
- Revenue
- $13.3m
- Investments
- $0.0
- Employees
- 185
- Location
- Rockford, IL
- Founding
- 03/1973
- Data as of
- 06/2023
- EIN
- 36-2693681
Organization Overview
Stepping Stones Of Rockford Inc is located in Rockford, IL. The organization was established in 1973. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 06/2023, Stepping Stones Of Rockford Inc employed 185 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stepping Stones Of Rockford 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 06/2023, Stepping Stones Of Rockford Inc generated $13.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $10.6m during the year ending 06/2023. While expenses have increased by 7.0% 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
RESIDENTIAL REHABILITATION FOR MENTALLY AND EMOTIONALLY DISABLED ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES HOUSING AND REHABILITATION SERVICES TO MEET THE RECOVERY NEEDS OF ADULTS WITH MENTAL ILLNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Clinton III President | OfficerTrustee | 1 | $0 |
Jessica Cushard Vice President | OfficerTrustee | 1 | $0 |
Sherry Gaumond Secretary | OfficerTrustee | 1 | $0 |
Tim Kane Treasurer | OfficerTrustee | 1 | $0 |
Imogene Rowland Board Member | Trustee | 1 | $0 |
Joe Capone Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,857,091 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,850 |
| Noncash contributions included in lines 1a–1f | $10,903 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,897,941 |
| Total Program Service Revenue | $8,182,113 |
| Investment income | $24,358 |
| 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 | $13,292,552 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,815 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $448,502 |
| Compensation of current officers, directors, key employees. | $446,162 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,149,786 |
| Pension plan accruals and contributions | $50,710 |
| Other employee benefits | $1,223,831 |
| Payroll taxes | $465,298 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,866 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $652,926 |
| Advertising and promotion | $30,529 |
| Office expenses | $216,878 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $374,573 |
| Travel | $41,626 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,162 |
| Interest | $41,851 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $248,782 |
| Insurance | $172,053 |
| All other expenses | $20,067 |
| Total functional expenses | $10,606,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,193,656 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,441,470 |
| 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 | $90,048 |
| Net Land, buildings, and equipment | $2,926,059 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $429,145 |
| Total assets | $9,080,378 |
| Accounts payable and accrued expenses | $995,704 |
| 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 | $1,083,489 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $190,238 |
| Total liabilities | $2,269,431 |
| Net assets without donor restrictions | $6,808,594 |
| Net assets with donor restrictions | $2,353 |
| 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 | $9,080,378 |