Step Inc
- Assets
- $2.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 171
- Location
- Fairmont, MN
- Founding
- 04/1972
- Data as of
- 12/2022
- EIN
- 41-0874998
Organization Overview
Step Inc is located in Fairmont, MN. The organization was established in 1972. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 12/2022, Step Inc employed 171 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Step 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 12/2022, Step Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. While expenses have increased by 3.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENABLE PEOPLE WITH DISABILITIES TO LIVE AND WORK IN OUR COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, STEP, INC. PROVIDED SUPPORT, TRAINING, AND EMPLOYMENT SERVICES TO OVER 120 INDIVIDUALS WITH DISABILITIES AT OUR 3 SERVICE LOCATIONS AND IN COMMUNITY LOCATIONS THROUGHOUT 3 COUNTIES IN SOUTHERN MINNESOTA. THROUGHOUT THIS YEAR, STEP HAS CONTINUED TO DEVELOP MORE INDIVIDUALIZED EMPLOYMENT SERVICES, INCLUDING MOVING INDIVIDUALS INTO COMPETITIVE, INTEGRATED EMPLOYMENT SETTINGS. STEP HAS WORKED WITH OVER 35 LOCAL EMPLOYERS TO PROVIDE A VARIETY OF WORK OPTIONS FOR ADULTS WITH COGNITIVE AND PHYSICAL DISABILITIES. BESIDES A VARIETY OF SEATED WORK AT OUR OFFICES, COMMUNITY-BASED WORK OPPORTUNITIES HAVE ALSO INCLUDED ASSISTING DIETARY, LAUNDRY AND HOUSEKEEPING DUTIES AT SEVERAL LONG TERM CARE FACILITIES IN THE AREA, BREAKFAST HOST WORK AT A LOCAL HOTEL, GREENS AND FACILITY MAINTENANCE AT LOCAL GOLF COURSES AND MULTIPLE COMMERCIAL CLEANING CREWS. IN ADDITION TO WORK, STEP STAFF PROVIDED INDIVIDUALS WITH THE OPPORTUNITY TO UTILIZE THEIR COMMUNITIES FOR OTHER ASPECTS OF DAILY LIFE AND TO PARTICIPATE IN LEISURE AND RECREATIONAL TIME IN THE COMMUNITY AND AT OUR LOCATIONS. STEP CONTINUES TO GROW, ESPECIALLY IN THE AREA OF COMPETITIVE, INTEGRATED EMPLOYMENT, AND HAS A WAITING LIST OF INDIVIDUALS SEEKING A VARIETY OF SERVICES FROM STEP, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ned Koppen Chairperson | OfficerTrustee | 2 | $0 |
Bill Busse Vice Chair | OfficerTrustee | 1 | $0 |
Marlene Hanson Secretary | OfficerTrustee | 1 | $0 |
Bob Engman Treasurer | OfficerTrustee | 2 | $0 |
Teresa Davison Director | Trustee | 1 | $0 |
Dawn Fullerton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,826 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,346 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,172 |
| Total Program Service Revenue | $2,427,683 |
| Investment income | $1,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $86 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,435,765 |
| 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. | $89,142 |
| Compensation of current officers, directors, key employees. | $44,571 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,382,879 |
| Pension plan accruals and contributions | $23,550 |
| Other employee benefits | $139,867 |
| Payroll taxes | $110,689 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,795 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,265 |
| Travel | $864 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,581 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,032 |
| Insurance | $55,503 |
| All other expenses | $45,464 |
| Total functional expenses | $2,253,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $708,462 |
| Savings and temporary cash investments | $133,868 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $650,655 |
| 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 | $20,077 |
| Net Land, buildings, and equipment | $709,365 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,344 |
| Total assets | $2,287,771 |
| Accounts payable and accrued expenses | $140,301 |
| 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 | $65,344 |
| Total liabilities | $205,645 |
| Net assets without donor restrictions | $2,075,436 |
| Net assets with donor restrictions | $6,690 |
| 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 | $2,287,771 |