Start The Adventure In Reading Stair Annapolis
- Assets
- $282.6k
- Revenue
- $272.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Annapolis, MD
- Founding
- 08/2014
- Data as of
- 06/2022
- EIN
- 46-4769978
Organization Overview
Start The Adventure In Reading Stair Annapolis, operating under the name Stair, is located in Annapolis, MD. The organization was established in 2014. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Stair employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stair 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 06/2022, Stair generated $272.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $199.3k during the year ending 06/2022. While expenses have increased by 29.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE THE READING LEVEL OF SECOND GRADERS READING BELOW GRADE LEVEL, TO INCREASE STUDENTS' SENSE OF SELF-ESTEEM AND SELF-CONFIDENCE, AND TO PROVIDE A CARING ENVIRONMENT WHERE READING IS FUN!
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STAIR PROGRAM TYPICALLY RUNS OCTOBER THROUGH MAY, BUT DUE TO COVID WE WERE NOT ABLE TO RETURN IN PERSON TO OUR SCHOOLS UNTIL FEBRUARY 2022 WHEN WE RE-ESTABLISHED THE PROGRAM IN SIX SCHOOLS. WE IMMEDIATELY SAW AND BEGAN TO ADDRESS THE SIGNIFICANT ACHIEVEMENT GAP IN MANY OF OUR STUDENTS DUE TO INACCESSIBILITY OF IN-PERSON LEARNING DURING THE PANDEMIC. IN ADDITION TO OUR IN-PERSON TUTORING, WE CONTINUED THE MOST IMPACTFUL ELEMENTS OF OUR COVID-19 CONTINUITY PROGRAM, STAIR AT HOME, INCLUDING ONLINE PROGRAMMING FOR ALL STAIR FAMILY MEMBERS HTTPS://STAIRANNAPOLIS.ORG/FORFAMILIES/. WE ALSO SUPPRTED THE AACPS READING SPECIALISTS AS THEY WORK IN DIRECT CONTACT WITH DEVELOPING READERS EVERYDAY WITH OUR SEASONAL STAIR BOOK BUNDLES PROGRAM, FEATURING DIVERSE BOOKS FOR YOUNG READERS TO HELP BUILD STUDENTS' HOME LIBRARIES AND INSPIRE THEM ON THEIR READING JOURNEY. EACH BUNDLE CONTAINED AN AMAZING ASSORTMENT OF BRAND NEW BOOKS WRAPPED IN A COLORFUL RIBBON AND WITH A PERSONALIZED GIFT TAG. DURING THE SUMMER WE ALSO SENT BOOK BUNDLES DIRECTLY TO INDIVIDUAL STAIR STUDENTS WITH 5-7 NEW BOOKS IN EACH PACKET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jo Ann Matson Executive Director | Officer | 40 | $77,867 |
Margo Cook Interim-President | OfficerTrustee | 15 | $0 |
Mike Viscardi CFP Treasurer | OfficerTrustee | 10 | $0 |
Doug Smith Immediate Past-President | OfficerTrustee | 10 | $0 |
Linda Eggbeer Secretary | OfficerTrustee | 10 | $0 |
Eileen Cortese Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,340 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $269,423 |
| Noncash contributions included in lines 1a–1f | $20,899 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $272,763 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $272,763 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $148,126 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $42,318 |
| Total functional expenses | $199,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $282,619 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $282,619 |
| 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 | $26,428 |
| Total liabilities | $26,428 |
| Net assets without donor restrictions | $256,191 |
| 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 | $282,619 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Start The Adventure In Reading Stair Annapolis has recieved totaling $11,597.
| Awarding Organization | Amount |
|---|---|
Brick Companies Foundation Inc Edgewater, MD PURPOSE: GENERAL PURPOSES | $6,000 |
Community Foundation Of Anne Arundel County Inc Annapolis, MD PURPOSE: EDUCATION | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $347 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Graduate Management Admission Council Reston, VA | $230,212,828 | $77,127,681 |
Educational Commission For Foreign Medical Graduates Philadelphia, PA | $218,692,756 | $72,786,979 |
National Center For Research In Advanced Information & Digital Tec Washington, DC | $0 | $38,475,850 |
Common Application Inc Arlington, VA | $52,971,416 | $52,316,500 |
Longwood University Real Estate Foundation Farmville, VA | $322,438,396 | $31,911,007 |
Education Trust Inc Washington, DC | $60,384,663 | $28,594,144 |
Fwdus Education Fund Inc Washington, DC | $39,522,128 | $52,902,160 |
Chiefs For Change Washington, DC | $30,000,112 | $22,072,365 |
Achieving The Dream Inc Silver Spring, MD | $48,979,373 | $23,156,070 |
Camc Health Education And Research Institute Inc Charleston, WV | $10,132,150 | $15,955,209 |
Us Ignite Inc Washington, DC | $5,718,790 | $15,311,234 |
Washington Yu Ying Public Charter School Washington, DC | $27,086,728 | $12,170,772 |