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Nonprofiteer
← STEP UP FOR STUDENTS-FEDERAL INC

Form 990 for tax year 2023

Filed by STEP UP FOR STUDENTS-FEDERAL INC.

Totals

Total revenue
$2,057,462
Total expenses
$1,615,584
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,023,330
Investment income
$34,132
Other revenue
$0
Total assets, end of year
$6,110,749
Total liabilities, end of year
$4,930,167
Net assets or fund balances, end of year
$1,180,582
Program services expenses (Part IX)
$974,742
Management and general expenses
$640,842
Fundraising expenses
$0
Program service expenses (Part III)
$974,742

Program services were 60.3% 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.

  • 2a · Program service revenue: SERVICE FEE REVENUE

    total $2,023,330 · related or exempt $2,023,330

  • 3 · Investment income

    total $34,132 · excluded $34,132

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $68,052 · program services $16,028 · management and general $52,024

  • 7 · Other salaries and wages

    total $242,223 · program services $114,386 · management and general $127,837

  • 8 · Pension plan contributions

    total $11,171 · program services $5,648 · management and general $5,523

  • 9 · Other employee benefits

    total $24,409 · program services $11,470 · management and general $12,939

  • 10 · Payroll taxes

    total $23,422 · program services $10,467 · management and general $12,955

  • 11b · Fees: legal

    total $121,558 · management and general $121,558

  • 11c · Fees: accounting

    total $4,033 · management and general $4,033

  • 12 · Advertising and promotion

    total $4,237 · program services -$446 · management and general $4,683

  • 13 · Office expenses

    total $5,070 · program services $2,952 · management and general $2,118

  • 16 · Occupancy

    total $9,321 · management and general $9,321

  • 17 · Travel

    total $15,231 · program services $3 · management and general $15,228

  • 22 · Depreciation, depletion and amortization

    total $56,520 · management and general $56,520

  • 23 · Insurance

    total $7,390 · management and general $7,390

  • 24a · Other expenses: CONTRACT SERVICES

    total $797,476 · program services $698,267 · management and general $99,209

  • 24b · Other expenses: SOFTWARE LICENSES, FEES

    total $106,325 · program services $9,839 · management and general $96,486

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $101,146 · program services $101,146

  • 24d · Other expenses: OTHER COST

    total $4,982 · program services $4,982

  • 24e · All other expenses

    total $13,018 · management and general $13,018

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $776,779 · end of year $733,042

  • 4 · Accounts receivable

    beginning of year $536,899 · end of year $1,074,516

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,229 · end of year $827

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

    $329,418

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

    $79,023

  • 10c · Land, buildings and equipment, net

    beginning of year $188,088 · end of year $250,395

  • 15 · Other assets

    beginning of year $1,568,023 · end of year $4,051,969

  • 17 · Accounts payable and accrued expenses

    beginning of year $59,799 · end of year $114,417

  • 21 · Escrow or custodial account liability

    beginning of year $1,568,023 · end of year $4,051,969

  • 25 · Other liabilities

    beginning of year $720,492 · end of year $763,781

  • 27 · Net assets without donor restrictions

    beginning of year $444,385 · end of year $1,180,582

  • 28 · Net assets with donor restrictions

    beginning of year $294,319 · end of year $0

Mission and programs · 2023

Mission

STEP UP FOR STUDENTS-WEST VIRGINIA, INC. EMPOWERS FAMILIES TO PURSUE AND ENGAGE IN THE MOST APPROPRIATE LEARNING OPTIONS FOR THEIR CHILDREN, WITH AN EMPHASIS ON FAMILIES WHO LACK THE INFORMATION AND FINANCIAL RESOURCES TO ACCESS THESE OPTIONS. BY PURSUING THIS MISSION, WE HELP PUBLIC EDUCATION FULFILL THE PROMISE OF EQUAL OPPORTUNITY.

  • THE HOPE SCHOLARSHIP PROGRAM IS AN EDUCATIONAL SAVINGS ACCOUNT (ESA) PROGRAM IN THE STATE OF WEST VIRGINIA, WHICH OFFERS QUALIFYING K-12 STUDENTS AN OPPORTUNITY TO BUILD AN INDIVIDUALIZED LEARNING EXPERIENCE. THIS PROGRAM LAUNCHED IN MARCH 2022. FOR THE 2023-2024 SCHOOL YEAR, 6,355 STUDENTS RECEIVED SCHOLARSHIPS UP TO A MAXIMUM OF $8,787. STEP UP FOR STUDENTS-WEST VIRGINIA, INC. IS COMPENSATED FOR ITS WORK BY RECEIVING REIMBURSEMENT FOR IMPLEMENTATION COSTS ASSOCIATED WITH THE HOPE SCHOLARSHIP PROGRAM AS WELL AS A SERVICE FEE FROM THE STATE OF WEST VIRGINIA'S STATE TREASURER'S OFFICE TO PROVIDE THESE SERIVCES.

    Expenses $974,742 · Revenue $2,023,330

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John F Kirtley

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2 + 38 related

  • Doug Tuthill

    CEO

    Total calculated
    $387,537
    From this org
    $17,365
    From related orgs
    $329,928
    Other
    $40,244
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $17,365 + $329,928 related
    Bonus
    $0
    Other
    $0
    Deferred
    $914 + $17,365 related
    Nontaxable benefits
    $1,098 + $20,867 related
    Filer's total
    $19,377 + $368,160 related

  • Joe Pfountz

    TREASURER, CFO

    Total calculated
    $303,464
    From this org
    $13,200
    From related orgs
    $250,808
    Other
    $39,456
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $13,200 + $250,808 related
    Bonus
    $0
    Other
    $0
    Deferred
    $861 + $16,367 related
    Nontaxable benefits
    $1,111 + $21,117 related
    Filer's total
    $15,172 + $288,292 related

  • Lesley Searcy

    SECRETARY, CEAO

    Total calculated
    $282,070
    From this org
    $13,443
    From related orgs
    $255,416
    Other
    $13,211
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $13,443 + $255,416 related
    Bonus
    $0
    Other
    $0
    Deferred
    $661 + $12,550 related
    Nontaxable benefits
    $0
    Filer's total
    $14,104 + $267,966 related

  • Shafayet Imam

    CIO (THRU 05/24)

    Total calculated
    $306,326
    From this org
    $12,990
    From related orgs
    $246,811
    Other
    $46,525
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $12,990 + $246,811 related
    Bonus
    $0
    Other
    $0
    Deferred
    $685 + $13,023 related
    Nontaxable benefits
    $1,641 + $31,176 related
    Filer's total
    $15,316 + $291,010 related

  • Jill Larose

    CHIEF CULTURE OFFICER

    Total calculated
    $236,046
    From this org
    $10,770
    From related orgs
    $204,631
    Other
    $20,645
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $10,770 + $204,631 related
    Bonus
    $0
    Other
    $0
    Deferred
    $485 + $9,207 related
    Nontaxable benefits
    $548 + $10,405 related
    Filer's total
    $11,803 + $224,243 related

  • Alexander J Mangan

    CHIEF PRODUCT OFFICER

    Total calculated
    $173,781
    From this org
    $7,380
    From related orgs
    $140,225
    Other
    $26,176
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $7,380 + $140,225 related
    Bonus
    $0
    Other
    $0
    Deferred
    $361 + $6,851 related
    Nontaxable benefits
    $948 + $18,016 related
    Filer's total
    $8,689 + $165,092 related

  • Ruth Rose

    CHIEF CUST. EXP. OFFICER(THRU 09/24)

    Total calculated
    $127,823
    From this org
    $5,739
    From related orgs
    $109,046
    Other
    $13,038
    Hours/week
    2 + 38 related

  • Samantha Espinosa

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $156,745
    From this org
    $6,868
    From related orgs
    $130,487
    Other
    $19,390
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $6,868 + $130,487 related
    Bonus
    $0
    Other
    $0
    Deferred
    $324 + $6,166 related
    Nontaxable benefits
    $645 + $12,255 related
    Filer's total
    $7,837 + $148,908 related

  • Asha Deshpande

    SR DIR ENT DATA OP STG(THRU 08/24)

    Total calculated
    $225,360
    From this org
    $10,682
    From related orgs
    $202,957
    Other
    $11,721
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $10,682 + $202,957 related
    Bonus
    $0
    Other
    $0
    Deferred
    $586 + $11,135 related
    Nontaxable benefits
    $0
    Filer's total
    $11,268 + $214,092 related

  • Susan Dugan

    VP OF FINANCE (THRU 12/23)

    Total calculated
    $201,448
    From this org
    $9,558
    From related orgs
    $181,602
    Other
    $10,288
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $9,558 + $181,602 related
    Bonus
    $0
    Other
    $0
    Deferred
    $514 + $9,774 related
    Nontaxable benefits
    $0
    Filer's total
    $10,072 + $191,376 related

  • Craig Gonsalves

    VP OF IT SOLUTIONS

    Total calculated
    $216,555
    From this org
    $8,684
    From related orgs
    $165,000
    Other
    $42,871
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $8,684 + $165,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $503 + $9,551 related
    Nontaxable benefits
    $1,641 + $31,176 related
    Filer's total
    $10,828 + $205,727 related

  • Jillian Metz

    VP OF EXTERNAL RELATIONS

    Total calculated
    $195,750
    From this org
    $8,354
    From related orgs
    $158,719
    Other
    $28,677
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $8,354 + $158,719 related
    Bonus
    $0
    Other
    $0
    Deferred
    $467 + $8,869 related
    Nontaxable benefits
    $967 + $18,374 related
    Filer's total
    $9,788 + $185,962 related

  • Sean K Chartier

    ARCHITECT, DATA

    Total calculated
    $191,386
    From this org
    $8,646
    From related orgs
    $164,267
    Other
    $18,473
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $8,646 + $164,267 related
    Bonus
    $0
    Other
    $0
    Deferred
    $496 + $9,417 related
    Nontaxable benefits
    $428 + $8,132 related
    Filer's total
    $9,570 + $181,816 related

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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
ALL COMPENSATION AMOUNTS ARE PAID BY STEP UP FOR STUDENTS, INC. ("SUFS"), A RELATED ORGANIZATION. SUFS 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'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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2025
IRS schema version
2023v6.0
Source object
202501299349302635

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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