First Step
- Assets
- $38.0k
- Revenue
- $960.7k
- Investments
- $0.0
- Employees
- 34
- Location
- Belvidere, IL
- Founding
- 11/1973
- Data as of
- 06/2021
- EIN
- 36-2740242
Organization Overview
First Step is located in Belvidere, IL. The organization was established in 1973. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 06/2022, First Step employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Step 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 06/2021, First Step generated $960.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $841.4k during the year ending 06/2021. While expenses have increased by 15.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE DAY CARE SERVICES TO LOW INCOME FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE CENTER IS TO PROMOTE AND ENCOURAGE THE OPTIMAL INTELLECTUAL, SOCIAL, AND PHYSICAL DEVELOPMENT OF CHILDREN THROUGH EDUCATION FOR CHILDREN OF BOONE COUNTY, CITY OF ROCKFORD, AND CITY OF MCHENRY INCLUDING, BUT NOT LIMITED TO THOSE CHILDREN OF FAMILIES WITH LIMITED INCOME. THE CENTER PROVIDES AN EDUCATIONAL FORMAT FOR CHILDREN STARTING AT 6 WEEKS AND CONTINUNG THROUGH PRE-K. - WE ENSURE THE CHILDREN RECEIVE A NUTRITIOUS BREAKFAST, LUNCH AND AFTERNOON SNACK AND WE ALSO PROVIDE AN ADDED MORNING SNACK; - OUR PROGRAM PROVIDES BEFORE AND AFTER SCHOOL CARE, WE SET UP AN E-LEARNING ENVIRONMENT AS WAS NEEDED FOR COVID-19 SCHOOL CLOSINGS AND CAN BE ACTIVATED AGAIN IF NECESSARY AS WELL AS ASSIST SCHOOL-AGE CHILDREN WITH NECESSARY RESOURSES WHEN LOOKING FOR HELP IN CERTIAN CLASSES; - OUR PROGRAM WORKS HARD TO PROVIDE EXTRA-CURRICULAR ACTIVITIES SUCH AS MUSIC, ART AND SOCIAL EXPERIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Wilson Executive Director | Officer | 20 | $55,069 |
Tinquer Holland President - Began 10/1/21 | OfficerTrustee | 0.5 | $0 |
Richard Nelson Vice President - Began 11/16/21 | OfficerTrustee | 0.5 | $0 |
Candace Bloome President - Ended 10/1/21 | OfficerTrustee | 0.5 | $0 |
Trisha Kamis Secretary - Ended 11/16/21 | OfficerTrustee | 0.5 | $0 |
Natalie Barber Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $833,978 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,598 |
| Net Income from Fundraising Events | $209 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $960,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $59,611 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $547,688 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $59,813 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $80 |
| Fees for services: Accounting | $8,344 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,086 |
| Advertising and promotion | $1,175 |
| Office expenses | $11,719 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,136 |
| Travel | $1,197 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $161 |
| Interest | $3,056 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,786 |
| Insurance | $7,493 |
| All other expenses | $0 |
| Total functional expenses | $841,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,897 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,966 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $14,120 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,120 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $23,846 |