Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SERVICE FEE REVENUE

  total $35,541,326 · related or exempt $35,541,326

• 3 · Investment income

  total $30,487 · excluded $30,487

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $4,960,087 · management and general $4,960,087

• 7 · Other salaries and wages

  total $16,466,013 · management and general $16,466,013

• 8 · Pension plan contributions

  total $690,997 · management and general $690,997

• 9 · Other employee benefits

  total $1,782,836 · management and general $1,782,836

• 10 · Payroll taxes

  total $1,515,711 · management and general $1,515,711

• 11b · Fees: legal

  total $134,658 · management and general $134,658

• 11c · Fees: accounting

  total $333,229 · management and general $333,229

• 12 · Advertising and promotion

  total $770,060 · management and general $770,060

• 13 · Office expenses

  total $150,910 · management and general $150,910

• 16 · Occupancy

  total $513,862 · management and general $513,862

• 17 · Travel

  total $474,915 · management and general $474,915

• 22 · Depreciation, depletion and amortization

  total $288,930 · management and general $288,930

• 23 · Insurance

  total $399,837 · management and general $399,837

• 24a · Other expenses: CONTRACT SERVICES

  total $3,872,255 · management and general $3,872,255

• 24b · Other expenses: SOFTWARE LICENSES FEE,

  total $2,429,391 · management and general $2,429,391

• 24c · Other expenses: REPAIR AND MAINTENANCE

  total $404,731 · management and general $404,731

• 24d · Other expenses: OTHER COST

  total $298,463 · management and general $298,463

• 24e · All other expenses

  total $54,441 · management and general $54,441

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year -$12,875 · end of year $1,455,739

• 4 · Accounts receivable

  beginning of year $8,476 · end of year $18,814

• 9 · Prepaid expenses and deferred charges

  beginning of year $589,846 · end of year $778,984

• 10a · Land, buildings and equipment: cost or other basis

  $767,382

• 10b · Land, buildings and equipment: accumulated depreciation

  $315,012

• 10c · Land, buildings and equipment, net

  beginning of year $321,251 · end of year $452,370

• 15 · Other assets

  beginning of year $2,008,281 · end of year $669,847

• 17 · Accounts payable and accrued expenses

  beginning of year $1,667,209 · end of year $1,153,677

• 25 · Other liabilities

  beginning of year $1,217,512 · end of year $2,161,332

• 27 · Net assets without donor restrictions

  beginning of year $30,258 · end of year $60,745

The filer's explanations (Part III)

PART I, LINE 3

ALL COMPENSATION AMOUNTS ARE PAID BY STEP UP FOR STUDENTS - FLORIDA INC. ("SUFS-FL") UNDER A COMMON PAYMASTER ARRANGEMENT. SUFS-FL USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION STUDY OR SURVEY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

PART I, LINE 4A

SEVERENCE PAYMENTS WERE MADE TO THE FOLLOWING INDIVIDUALS: ANDREA THOERMER - $112,350 DANA ANDERSEN - $16,404 MARISSA FARLEY - $17,559 SHELLEY WALSH - $15,600 TODD FINNERTY - $15,193 SHAFAYET IMAM - $5,000 ASHA DESHPANDE - $20,578 JACLYN CONTE - $5,029 RUTH ROSE - $175,000