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Nonprofiteer
← STEPPING STONES CHARTER ELEMENTARY INC

Form 990 for tax year 2023

Filed by STEPPING STONES CHARTER ELEMENTARY INC.

Totals

Total revenue
$10,368,659
Total expenses
$9,702,051
Contributions and grants received
$3,446,346
Grants paid
$0
Program service revenue
$6,893,992
Investment income
$2,021
Other revenue
$26,300
Total assets, end of year
$7,472,647
Total liabilities, end of year
$5,236,526
Net assets or fund balances, end of year
$2,236,121
Program services expenses (Part IX)
$7,934,185
Management and general expenses
$1,767,866
Fundraising expenses
$0
Program service expenses (Part III)
$7,934,185

Program services were 81.8% 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.

  • 1e · Government grants (contributions)

    $3,402,101

  • 1f · All other contributions, gifts and grants

    $44,245

  • 2a · Program service revenue: FOUNDATION SCHOOL PROGRAM

    total $6,892,879 · related or exempt $6,892,879

  • 2b · Program service revenue: MISC LOCAL REVENUE

    total $1,113 · related or exempt $1,113

  • 3 · Investment income

    total $2,021 · excluded $2,021

  • 11a · Other revenue: PROPERTY TAX REFUND

    total $26,300 · excluded $26,300

  • 11e · Other revenue, total

    $26,300

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $186,701 · program services $172,864 · management and general $13,837

  • 7 · Other salaries and wages

    total $4,867,955 · program services $4,507,179 · management and general $360,776

  • 9 · Other employee benefits

    total $498,661 · program services $474,791 · management and general $23,870

  • 10 · Payroll taxes

    total $73,532 · program services $67,790 · management and general $5,742

  • 11g · Fees: other

    total $327,645 · program services $242,713 · management and general $84,932

  • 13 · Office expenses

    total $153,283 · program services $88,069 · management and general $65,214

  • 16 · Occupancy

    total $1,355,029 · program services $949,333 · management and general $405,696

  • 17 · Travel

    total $49,110 · program services $47,575 · management and general $1,535

  • 22 · Depreciation, depletion and amortization

    total $144,097 · program services $72,048 · management and general $72,049

  • 23 · Insurance

    total $13,251 · management and general $13,251

  • 24a · Other expenses: FOOD

    total $689,487 · program services $689,487 · management and general $0

  • 24b · Other expenses: MIANTENANCE AND REPAIR

    total $535,536 · program services $35,734 · management and general $499,802

  • 24c · Other expenses: SUPPLIES

    total $501,743 · program services $397,140 · management and general $104,603

  • 24d · Other expenses: NON-CAPITALIZABLE FURNI

    total $271,031 · program services $158,672 · management and general $112,359

  • 24e · All other expenses

    total $34,990 · program services $30,790 · management and general $4,200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $908,675 · end of year $1,101,122

  • 3 · Pledges and grants receivable

    beginning of year $670,428 · end of year $869,517

  • 4 · Accounts receivable

    beginning of year $8,700

  • 9 · Prepaid expenses and deferred charges

    beginning of year $70,305 · end of year $67,592

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

    $1,713,861

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

    $849,215

  • 10c · Land, buildings and equipment, net

    beginning of year $583,849 · end of year $864,646

  • 15 · Other assets

    beginning of year $5,299,804 · end of year $4,569,770

  • 17 · Accounts payable and accrued expenses

    beginning of year $189,038 · end of year $254,045

  • 19 · Deferred revenue

    beginning of year $224,604 · end of year $180,459

  • 24 · Unsecured notes and loans payable

    beginning of year $5,360,197 · end of year $4,802,022

  • 27 · Net assets without donor restrictions

    beginning of year $605,375 · end of year $793,215

  • 28 · Net assets with donor restrictions

    beginning of year $1,162,547 · end of year $1,442,906

Mission and programs · 2023

Mission

OPEN ENROLLMENT PUBLIC CHARTER ELEMENTARY SCHOOL - GRADES PRE-K THROUGH 8TH

  • OPEN ENROLLMENT PUBLIC CHARTER ELEMENTARY SCHOOL - GRADES PRE-K THROUGH 8TH

    Expenses $7,934,185 · Revenue $6,893,992

As filed on the 2023 return.

Listed in Part VII

  • Brenda Scott

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rosa Woodfork

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Debra Greenwood

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mark Eyring CPA

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Stacy Sederis

    VICE PRESIDENT [THRU 12/2023]

    Total calculated
    $0
    Hours/week
    1

  • Shannon Fernandez

    VICE PRESIDENT [FROM 1/2024]

    Total calculated
    $0
    Hours/week
    1

  • William Clark

    SUPERINTENDENT

    Total calculated
    $186,686
    From this org
    $186,686
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,686
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $186,686

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 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 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

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
2023
Filed
13 July 2025
IRS schema version
2023v6.0
Source object
202541959349300974

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