Steps Inc
- Assets
- $4.9m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 199
- Location
- Farmville, VA
- Founding
- 01/1985
- Data as of
- 06/2023
- EIN
- 54-1209110
Organization Overview
Steps Inc is located in Farmville, VA. The organization was established in 1985. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2023, Steps Inc employed 199 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steps Inc 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 06/2023, Steps Inc generated $7.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $7.0m during the year ending 06/2023. While expenses have increased by 6.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
STEPS, INC. IS AN EXTREMELY DIVERSIFIED COMMUNITY ACTION AGENCY WHICH DELIVERS SERVICES TO THOSE IN NEED. SERVICES ARE DELIVERED UNDER FOUR PILLARS OF SERVICE: WORKFORCE DEVELOPMENT - STEPS PROVIDES JOB TRAINING AND EMPLOYMENT OPPORTUNITIES TO CITIZENS LIVING WITH DISABILITIES, INDIVIDUALS WHO WANT TO EXIT THE WELFARE SYSTEM AND SENIOR CITIZENS LIVING BELOW THE POVERTY LEVEL; ECONOMIC DEVELOPMENT - STEPS IS A MAJOR EMPLOYER IN OUR REGION AND IN ADDITION OPERATES TWO COMMERCIAL LINES OF BUSINESS: SECURE DOCUMENT SHREDDING AND OPERATION OF A REGIONAL RECYCLING CENTER; HOUSING - STEPS PROVIDES SERVICES TO ALLEVIATE AND/OR PREVENT HOMELESSNESS AND SERVES AS A PARTNER TO DOMINION POWER IN THEIR ENERGYSHARE PROGRAM, MEETING HEATING AND COOLING NEEDS; EDUCATION - STEPS WORKS WITH STUDENTS WITH DISABILITIES WHO ARE TRANSITIONING FROM THE PUBLIC EDUCATION SYSTEM AND OPERATES HEAD START AND EARLY HEAD START SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STEPS, INC. IS AN EXTREMELY DIVERSIFIED COMMUNITY ACTION AGENCY WHICH DELIVERS SERVICES TO THOSE IN NEED. SERVICES ARE DELIVERED UNDER FOUR PILLARS OF SERVICE: WORKFORCE DEVELOPMENT - STEPS PROVIDES JOB TRAINING AND EMPLOYMENT OPPORTUNITIES TO CITIZENS LIVING WITH DISABILITIES, INDIVIDUALS WHO WANT TO EXIT THE WELFARE SYSTEM AND SENIOR CITIZENS LIVING BELOW THE POVERTY LEVEL; ECONOMIC DEVELOPMENT - STEPS IS A MAJOR EMPLOYER IN OUR REGION AND IN ADDITION OPERATES TWO (2) COMMERCIAL LINES OF BUSINESS: SECURE DOCUMENT SHREDDING AND OPERATION OF A REGIONAL RECYCLING CENTER; HOUSING - STEPS PROVIDES SERVICES TO ALLEVIATE AND/OR PREVENT HOMELESSNESS AND SERVES AS A PARTNER TO DOMINION POWER IN THEIR ENERGYSHARE PROGRAM, MEETING HEATING AND COOLING NEEDS; EDUCATION - STEPS WORKS WITH STUDENTS WITH DISABILITIES WHO ARE TRANSITIONING FROM THE PUBLIC EDUCATION SYSTEM AND OPERATES HEAD START AND EARLY HEAD START SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Davis Treasurer | OfficerTrustee | 1 | $0 |
Bonnie Andrachek Secretary | OfficerTrustee | 1 | $0 |
Matthew Friedman Director / Attorney | Trustee | 1 | $0 |
Sara Miller Early Childhood Education | Trustee | 1 | $0 |
Harry Bryant Government Rep | Trustee | 1 | $0 |
Jerry Seal Government Rep | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,243,419 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,050,413 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,293,832 |
| Total Program Service Revenue | $433,463 |
| Investment income | $280 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,644 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,736,219 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $898,584 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $174,899 |
| Compensation of current officers, directors, key employees. | $21,522 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,418,786 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $192,178 |
| Payroll taxes | $404,863 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,090 |
| Fees for services: Accounting | $95,557 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,717 |
| Advertising and promotion | $15,365 |
| Office expenses | $279,066 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $149,522 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $180,507 |
| Interest | $10,106 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $270,802 |
| Insurance | $136,810 |
| All other expenses | $71,910 |
| Total functional expenses | $7,008,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $484,391 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $605,075 |
| Accounts receivable, net | $693,454 |
| 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 | $28,872 |
| Net Land, buildings, and equipment | $1,520,766 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,546,943 |
| Total assets | $4,879,501 |
| Accounts payable and accrued expenses | $625,784 |
| Grants payable | $0 |
| Deferred revenue | $125,586 |
| 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 | $179,515 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,023,065 |
| Total liabilities | $1,953,950 |
| Net assets without donor restrictions | $2,424,827 |
| Net assets with donor restrictions | $500,724 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,879,501 |