First Step Inc
- Assets
- $26.8m
- Revenue
- $31.1m
- Investments
- $0.0
- Employees
- 811
- Location
- Hot Springs, AR
- Founding
- 08/1962
- Data as of
- 06/2023
- EIN
- 71-0307372
Organization Overview
First Step Inc is located in Hot Springs, AR. The organization was established in 1962. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2023, First Step Inc employed 811 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First 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 06/2023, First Step Inc generated $31.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $29.8m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 8 years. 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
HABILITATION OF DISABLED INDIVIDUALS FROM BIRTH THROUGH END OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLIENTS SERVED; INFANT TO ELDERLY - DEVELOPMENTALLY DISABLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Chancellor Executive Di | 40 | $168,645 | |
Chris Smith CFO | 40 | $133,849 | |
Julia Capps COO | 40 | $112,283 | |
Robbie Cox Director | OfficerTrustee | 4 | $0 |
Courtney Eubanks Vice Preside | OfficerTrustee | 4 | $0 |
Tyrone Flowers Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Car Doctor | 6/29/23 | $281,167 |
Tankersley Foodservice | 6/29/23 | $273,030 |
Master's Transportation | 6/29/23 | $265,600 |
Edafio Technology Partners | 6/29/23 | $235,566 |
Wex Bank | 6/29/23 | $370,210 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,115 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,139 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,254 |
| Total Program Service Revenue | $29,810,829 |
| Investment income | $213,658 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,105 |
| Net Gain/Loss on Asset Sales | $11,204 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,094,177 |
| 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 | $17,971,273 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,005,477 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,654 |
| Fees for services: Accounting | $58,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $54,572 |
| Office expenses | $342,858 |
| Information technology | $146,800 |
| Royalties | $0 |
| Occupancy | $396,709 |
| Travel | $145,499 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45,871 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $928,706 |
| Insurance | $387,162 |
| All other expenses | $1,151,830 |
| Total functional expenses | $29,816,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $703,660 |
| Savings and temporary cash investments | $9,044,801 |
| Pledges and grants receivable | $1,985,038 |
| Accounts receivable, net | $274,418 |
| 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 | $425,711 |
| Net Land, buildings, and equipment | $11,898,717 |
| Investments—publicly traded securities | $1,764,780 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $677,636 |
| Total assets | $26,774,761 |
| Accounts payable and accrued expenses | $1,087,877 |
| 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 | $1,280,573 |
| Total liabilities | $2,368,450 |
| Net assets without donor restrictions | $24,406,311 |
| 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 | $26,774,761 |