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Nonprofiteer
← STEPPINGSTONE FOUNDATION INC

Form 990 for tax year 2024

Filed by STEPPINGSTONE FOUNDATION INC.

Totals

Total revenue
$11,421,793
Total expenses
$7,915,902
Contributions and grants received
$9,382,884
Grants paid
$207,000
Program service revenue
$487,113
Investment income
$1,583,319
Other revenue
-$31,523
Total assets, end of year
$43,823,921
Total liabilities, end of year
$4,676,523
Net assets or fund balances, end of year
$39,147,398
Program services expenses (Part IX)
$5,673,431
Management and general expenses
$898,599
Fundraising expenses
$1,343,872
Program service expenses (Part III)
$5,673,431

Program services were 71.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,010,385

  • 1f · All other contributions, gifts and grants

    $8,372,499

  • 1g · Noncash contributions included above

    $12,437

  • 2a · Program service revenue: CONFERENCE INCOME

    total $327,251 · related or exempt $326,551 · unrelated business $700

  • 2b · Program service revenue: MEMBERSHIP INCOME

    total $159,862 · related or exempt $159,862

  • 3 · Investment income

    total $1,530,503 · excluded $1,530,503

  • 7a · Gross sales of assets other than inventory

    securities $8,638,618

  • 7b · Less cost or other basis and sales expenses

    securities $8,585,802

  • 7c · Gain or loss

    securities $52,816

  • 7d · Net gain or loss

    total $52,816 · excluded $52,816

  • 8a · Fundraising events: gross income

    $107,170

  • 8a · Fundraising events: contributions included on line 1c

    $1,010,385

  • 8b · Fundraising events: direct expenses

    $186,232

  • 8c · Net income from fundraising events

    total -$79,062 · excluded -$79,062

  • 11a · Other revenue: MISC INCOME

    total $47,539 · related or exempt $47,539

  • 11e · Other revenue, total

    $47,539

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $207,000 · program services $207,000

  • 5 · Compensation of officers, directors and key employees

    total $785,315 · program services $168,887 · management and general $291,384 · fundraising $325,044

  • 7 · Other salaries and wages

    total $3,886,512 · program services $3,075,175 · management and general $260,744 · fundraising $550,593

  • 8 · Pension plan contributions

    total $61,667 · program services $42,926 · management and general $6,627 · fundraising $12,114

  • 9 · Other employee benefits

    total $376,594 · program services $270,144 · management and general $15,990 · fundraising $90,460

  • 10 · Payroll taxes

    total $394,014 · program services $295,398 · management and general $37,715 · fundraising $60,901

  • 11b · Fees: legal

    total $15,424 · management and general $15,424

  • 11c · Fees: accounting

    total $55,613 · management and general $55,613

  • 11e · Fees: professional fundraising services

    total $15,900 · fundraising $15,900

  • 11g · Fees: other

    total $250,730 · program services $50,719 · management and general $125,780 · fundraising $74,231

  • 12 · Advertising and promotion

    total $13,018 · program services $133 · fundraising $12,885

  • 14 · Information technology

    total $207,046 · program services $156,440 · management and general $13,252 · fundraising $37,354

  • 16 · Occupancy

    total $796,073 · program services $664,656 · management and general $47,228 · fundraising $84,189

  • 17 · Travel

    total $30,287 · program services $20,784 · management and general $6,181 · fundraising $3,322

  • 19 · Conferences, conventions and meetings

    total $281,908 · program services $216,192 · management and general $6,559 · fundraising $59,157

  • 20 · Interest

    total $1,100 · management and general $1,100

  • 22 · Depreciation, depletion and amortization

    total $156,168 · program services $143,045 · management and general $4,965 · fundraising $8,158

  • 23 · Insurance

    total $33,000 · program services $21,754 · management and general $8,348 · fundraising $2,898

  • 24a · Other expenses: SCHOLAR & FAMILY SERVIC

    total $208,678 · program services $207,161 · management and general $4 · fundraising $1,513

  • 24b · Other expenses: SCHOLAR TRANSPORTATION

    total $109,715 · program services $109,715

  • 24c · Other expenses: OTHER

    total $30,140 · program services $23,302 · management and general $1,685 · fundraising $5,153

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $244,534 · end of year $422,329

  • 2 · Savings and temporary cash investments

    beginning of year $2,332,393 · end of year $3,260,083

  • 3 · Pledges and grants receivable

    beginning of year $7,269,098 · end of year $2,958,033

  • 9 · Prepaid expenses and deferred charges

    beginning of year $258,951 · end of year $212,784

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

    $930,238

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

    $556,304

  • 10c · Land, buildings and equipment, net

    beginning of year $301,060 · end of year $373,934

  • 11 · Investments: publicly traded securities

    beginning of year $24,239,370 · end of year $32,477,139

  • 15 · Other assets

    beginning of year $476,180 · end of year $4,119,619

  • 17 · Accounts payable and accrued expenses

    beginning of year $190,079 · end of year $398,016

  • 19 · Deferred revenue

    beginning of year $110,297 · end of year $69,725

  • 25 · Other liabilities

    beginning of year $460,841 · end of year $4,208,782

  • 27 · Net assets without donor restrictions

    beginning of year $3,767,756 · end of year $4,195,868

  • 28 · Net assets with donor restrictions

    beginning of year $30,592,613 · end of year $34,951,530

Mission and programs · 2024

Mission

STEPPINGSTONE PREPARES STUDENTS TO ACCESS, NAVIGATE, AND GRADUATE FROM COLLEGE. IN BOSTON, WE PROVIDE ACADEMIC, SOCIAL-EMOTIONAL, AND COLLEGE READINESS PROGRAMMING FROM AS EARLY AS FIFTH GRADE AND CONTINUING THROUGH COLLEGE GRADUATION. NATIONALLY, WE CONNECT THE PEOPLE, PRACTICES, AND INNOVATIONS ESSENTIAL FOR ELIMINATING BARRIERS TO COLLEGE AND CAREER SUCCESS.

Activities or mission (Part I)

STEPPINGSTONE PREPARES STUDENTS TO ACCESS, NAVIGATE, AND GRADUATE FROM COLLEGE.

  • THE STEPPINGSTONE SCHOLARS PROGRAM IN BOSTON ADMITS MOTIVATED FIFTH- AND SIXTH-GRADERS TO PARTICIPATE IN AN INTENSIVE AFTER-SCHOOL AND SUMMER ACADEMIC PROGRAM DESIGNED TO HELP THEM GAIN ADMISSION TO AN INDEPENDENT OR PUBLIC EXAM SCHOOL IN THE SIXTH OR SEVENTH GRADE.AFTER COMPLETING THE ACADEMIC COMPONENT, SUPPORT SERVICES SUCH AS MENTORING, EXTRACURRICULAR ACTIVITIES, AND COLLEGE GUIDANCE ARE PROVIDED TO ENSURE THAT THE STUDENTS SUCCEED IN SCHOOL AND ULTIMATELY GRADUATE FROM A FOUR-YEAR COLLEGE, CAREER READY. EACH YEAR, THE STEPPINGSTONE SCHOLARS PROGRAM SERVES APPROXIMATELY 1,250 SCHOLARS IN GRADES 5 - COLLEGE. OF THE SCHOLARS WHO COMPLETE THE ACADEMIC PREPARATION COMPONENT, APPROXIMATELY 90% ARE PLACED IN A SCHOOL THAT LEADS TO COLLEGE, 99% GRADUATE FROM HIGH SCHOOL, AND 91% ENROLL AT FOUR-YEAR COLLEGES. 80% GRADUATE FROM FOUR-YEAR COLLEGES WITHIN SIX YEARS.

    Expenses $4,787,272 · Revenue $40,261

  • THE NATIONAL PARTNERSHIP FOR EDUCATIONAL ACCESS (NPEA), WHICH THE STEPPINGSTONE FOUNDATION FORMALLY LAUNCHED IN 2007, IS A MEMBERSHIP ORGANIZATION FOR PROGRAMS AND SCHOOLS WORKING TO ELIMINATE BARRIERS TO EDUCATIONAL ACCESS AND COLLEGE AND CAREER SUCCESS. AT THE END OF FISCAL YEAR 2025, NPEA HAD 232 MEMBERS FROM ALL ACROSS THE COUNTRY, INCLUDING EDUCATIONAL NONPROFITS, SCHOOLS, AND COLLEGES & UNIVERSITIES, AND MORE THAN 850 EDUCATORS IN THE NETWORK. NPEA MEMBERS HAVE ACCESS TO BEST PRACTICE SHARING, NETWORKING, PROFESSIONAL DEVELOPMENT OPPORTUNITIES, INCLUDING AN ANNUAL CONFERENCE, REGIONAL GATHERINGS, A CAREER CENTER, NEWSLETTERS AND DIGESTS, AND PRODUCTS AND SERVICES OFFERED THROUGH NPEA'S PARTNERSHIPS WITH OTHERS IN THE FIELD OF EDUCATION.

    Expenses $678,959 · Revenue $493,691

  • THE ORGANIZATION RECEIVES CONTRIBUTIONS TO PROVIDE COLLEGE SCHOLARSHIPS TO SCHOLARS TO TO FILL A FINANCIAL NEED OR SIGNIFICANTLY REDUCE THE FAMILY'S FINANCIAL AID GAP. THERE IS A ROBUST SELECTION PROCESS EACH YEAR FOR THE SCHOLARSHIPS. WE LOOK AT FINANCIAL IMPACT, ACADEMIC READINESS/EFFORT AND ENGAGEMENT WITH STEPPINGSTONE IN THE SELECTION PROCESS. SCHOLARSHIP INFO IS SHARED WITH THE ENTIRE SCHOLAR COMMUNITY. ALL SCHOLARSHIP APPLICATIONS ARE PRE-SCREENED FOR ELIGIBILITY AND AWARDS ARE DETERMINED BY A SELECTION COMMITTEE.

    Expenses $207,200 · Grants $207,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ROBERT HENDERSON

    CHAIR

    Total calculated
    $0
    Hours/week
    15
  • DONAVAN BROWN

    CLERK

    Total calculated
    $0
    Hours/week
    1
  • JENNIFER FULTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • KATE GILBANE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JONATHAN GOLDSTEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • ISABELLE LORING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DR STEPHANIE PINDER-AMAKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DARIEN REID

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • RAFAEL COFINO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • MARY DRISCOLL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JOHN SIMON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • RACHEL SKERRIT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • SOFIA TEIXEIRA MISTRETTA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • PERRY TRAQUINA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • ALEX SACERDOTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • BETSY LIND DANZIGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DOUGLASS WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • ERIN CONDRON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JENNY WEYMOUTH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DAVID CHANG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • ALIXE CALLEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • SUSAN JEFFERSON BONEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JENNIFER BLOCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • TODD BLAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JOANNE JACQUET ARAUJO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • BRIAN CONWAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • FABIAN FONDRIEST

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • NATASHA TELESFORD WILLIAMS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • KATE WOOD

    CAO

    Total calculated
    $211,574
    From this org
    $178,752
    From related orgs
    $0
    Other
    $32,822
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,626
    Bonus
    $0
    Other
    $126
    Deferred
    $11,119
    Nontaxable benefits
    $21,703
    Filer's total
    $211,574
  • KERRY TIRRELL

    CFOO

    Total calculated
    $189,261
    From this org
    $156,718
    From related orgs
    $0
    Other
    $32,543
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,525
    Bonus
    $0
    Other
    $193
    Deferred
    $9,973
    Nontaxable benefits
    $22,570
    Filer's total
    $189,261
  • KELLY D GLEW

    PRESIDENT & CEO

    Total calculated
    $226,939
    From this org
    $213,301
    From related orgs
    $0
    Other
    $13,638
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,747
    Bonus
    $0
    Other
    $554
    Deferred
    $12,574
    Nontaxable benefits
    $1,064
    Filer's total
    $226,939
  • CHRISTOPHER PARRIS

    CPO

    Total calculated
    $157,539
    From this org
    $134,973
    From related orgs
    $0
    Other
    $22,566
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,889
    Bonus
    $0
    Other
    $84
    Deferred
    $7,036
    Nontaxable benefits
    $15,530
    Filer's total
    $157,539
  • KATARINA NG

    EVP PROGRAMS

    Total calculated
    $116,050
    From this org
    $109,096
    From related orgs
    $0
    Other
    $6,954
    Hours/week
    40
  • KARIN ELLIOTT

    EXEC DIRECTOR, NPEA

    Total calculated
    $127,662
    From this org
    $119,861
    From related orgs
    $0
    Other
    $7,801
    Hours/week
    40
  • JANE VENTRONE

    VP ACADEMIC PROGRAMS

    Total calculated
    $148,330
    From this org
    $123,306
    From related orgs
    $0
    Other
    $25,024
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
DURING CALENDAR YEAR 2024, JANE VENTRONE RECEIVED A SEVERANCE PAYMENT OF 50,213.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
3 March 2026
IRS schema version
2024v5.5
Source object
202610749349300406

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