A Stepping Stone Foundation
- Assets
- $1.5m
- Revenue
- $502.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Phoenix, AZ
- Founding
- 09/1990
- Data as of
- 06/2022
- EIN
- 74-2567068
Organization Overview
A Stepping Stone Foundation is located in Phoenix, AZ. The organization was established in 1990. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, A Stepping Stone Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A Stepping Stone Foundation 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, A Stepping Stone Foundation generated $502.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $504.6k during the year ending 06/2022. While expenses have increased by 2.8% per year over the past 7 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 PROVIDE STEPPING STONES FOR SUCCESSS THROUGH EDUCATION OF CHILDREN AND FAMILIES WHO HAVE LIMITED OPPORTUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR FLAGSHIP PROGRAM, LEAF (LITERACY ELEVATES ARIZONA FAMILIES) PROVIDED EARLY CHILDHOOD EDUCATION AND WHOLE FAMILY LITERACY TO DISADVANTGED CHILDREN AND THEIR PARENTS, WHOSE ABSENCE OF ENGLISH LITERACY PUT THEIR CHILDREN AT RISK OF SCHOOL FAILURE AND REDUCED LIFE CHOICES. WHILE CHILDREN ATTENDED 64 OR MORE HOURS PER MONTH OF TUITION-FREE LITERACY-BASED PRESCHOOL CLASSES, PARENTS SPENT 32 HOURS OR MORE PER MONTH ENGAGED IN HANDS-ON EXPERIENCES WITH THEIR CHILDREN IN THE CLASSROOM, AND ADULT LITERACY & ENGLISH CLASSES. WE SERVED 20 FAMILIES (40 UNIQUE INDIVIDUALS)IN ALHAMBRA ELEMENTARY & ISSAC ELEMENTARY SCHOOL DISTRICTS. DUE TO COVID RESTRICTIONS WE WERE NOT ALLOWED TO DO CHILDCARE OR IN HOME VISITS.
ACTIVELY PARTNERED WITH LOCAL HIGH SCHOOLS TO IDENTIFY AND RECONNECT WITH FORMER PRESCHOOL STUDENTS IN ORDER TO PROVIDE COLLEGE SCHOLARSHIPS (BILLIE GANNAWAY MEMORIAL, WILLIAM O. SMITH MEMORIAL, AND IVEY STEPPING HIGHER) FOR FORMER PRESCHOOL STUDENTS. WE AWARDED 27 SCHOLARSHIPS TO STUDENTS FOR A TOTAL OF $43,600.
WORK-TRAINING PROGRAM: HIGH SCHOOL GRADUATES WHO WERE FORMER PRE- SCHOOLERS ARE ENCOURAGED TO APPLY FOR ONE OF TWO ANNUAL PAID ADMINISTRATIVE INTERNSHIPS. TWO SUCCESSFUL CANDIDATES ARE SELECTED EACH YEAR TO WORK IN THE ADMINISTRATIVE OFFICE AND ARE TRAINED AND MENTORED IN PROVIDING FRONT-OFFICE AND COMPUTOR SUPPORT TO THE EXECUTIVE DIRECTOR, ASSF'S PROGRAMS AND SPECIAL EVENTS. NO INTERNS WERE EMPLOYED THIS FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Gattorna Executive Director | 45 | $72,085 | |
Tomas Martinez Director | Trustee | 2 | $0 |
Joseph Segal Director | Trustee | 2 | $0 |
Patricia Davis Director | Trustee | 2 | $0 |
Lenay Dunn Vice President | OfficerTrustee | 5 | $0 |
Gabriel Escontrias Jr Edd President | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $7,833 |
| Membership dues | $0 |
| Fundraising events | $61,653 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $420,165 |
| Noncash contributions included in lines 1a–1f | $29,536 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $539,651 |
| Total Program Service Revenue | $0 |
| Investment income | -$37,449 |
| 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 | $502,202 |
| 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 | $121,479 |
| Pension plan accruals and contributions | $2,166 |
| Other employee benefits | $12,893 |
| Payroll taxes | $8,513 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,750 |
| 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 | $3,869 |
| Information technology | $3,580 |
| Royalties | $0 |
| Occupancy | $15,374 |
| 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 | $3,949 |
| All other expenses | $53,117 |
| Total functional expenses | $504,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,773 |
| Savings and temporary cash investments | $918,299 |
| 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 | $39,408 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $469,761 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,493,241 |
| Accounts payable and accrued expenses | $84,000 |
| 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 | $125,867 |
| Total liabilities | $209,867 |
| Net assets without donor restrictions | $1,142,475 |
| Net assets with donor restrictions | $140,899 |
| 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 | $1,493,241 |