Step Forward Scholarship Fund
- Assets
- $176.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 83-3175469
Organization Overview
Step Forward Scholarship Fund is located in Chapel Hill, NC. The organization was established in 2019. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Step Forward Scholarship Fund 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 Forward Scholarship Fund generated $134.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $114.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIPSAWARDEDTO18INDIVIDUALSATANAVERAGECOSTOF$5,800
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Wallace President | 10 | $0 | |
Pam Caruso Secretary | 7 | $0 | |
Udo Koopmann Treasurer | 7 | $0 | |
John Zaremba VP | 7 | $0 | |
Dan Kaeferle Director | 7 | $0 | |
Nancy Broaddus Director | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,465 |
| Total Program Service Revenue | $6 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $134,471 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,509 |
| Other expenses | $8,292 |
| Total expenses | $113,968 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $176,021 |
| Other assets | $0 |
| Total assets | $176,021 |
| Total liabilities | $0 |
| Net assets or fund balances | $176,021 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Step Forward Scholarship Fund has recieved totaling $21,000.
| Awarding Organization | Amount |
|---|---|
Denver Foundation Denver, CO PURPOSE: SCHOLARSHIPS FOR QUALIFIED EMPLOYEES OR CHILDREN OF EMPLOYEES | $15,000 |
The Richard G And Janet J Andre Charitable Foundation Chapel Hill, NC PURPOSE: SUPPORT EDUCATION | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Nc Student Aid Association Inc Raleigh, NC | $102,296,557 | $23,877,668 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Meeting Street Schools Charleston, SC | $31,326,851 | $31,027,510 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
The North Carolina A&t Real Estate Foundation Inc Greensboro, NC | $169,150,909 | $33,021,773 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |