First Step Inc
- Assets
- $25.4m
- Revenue
- $29.2m
- Investments
- $0.0
- Employees
- 930
- Location
- Hot Springs, AR
- Founding
- 08/1962
- Data as of
- 06/2022
- EIN
- 71-0307372
Organization Overview
First Step Inc is located in Hot Springs, AR. The organization was established in 1962. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, First Step Inc employed 930 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Step 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 06/2022, First Step Inc generated $29.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $27.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HABILITATION OF DISABLED INDIVIDUALS FROM BIRTH THROUGH END OF LIFE.
Describe the Organization's Program Activity:
CLIENTS SERVED; INFANT TO ELDERLY - DEVELOPMENTALLY DISABLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Chancellor Executive Di | 40 | $151,546 | |
Chris Smith CFO | 40 | $127,261 | |
Julia Capps COO | 40 | $102,465 | |
Robbie Cox Director | OfficerTrustee | 4 | $0 |
Courtney Eubanks Vice Preside | OfficerTrustee | 4 | $0 |
Donna Merriweather President | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Car Doctor | 6/29/22 | $299,983 |
Hughco Alarm Co | 6/29/22 | $247,788 |
Philadelphia In | 6/29/22 | $362,142 |
Tankersleyfss | 6/29/22 | $257,932 |
Bxs Insurance | 6/29/22 | $209,980 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,565 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,565 |
| Total Program Service Revenue | $28,425,295 |
| Investment income | $37,621 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,949 |
| Net Gain/Loss on Asset Sales | -$204,625 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,227,176 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,746,288 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,836,068 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $80,087 |
| Fees for services: Accounting | $41,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,926 |
| Office expenses | $313,849 |
| Information technology | $142,992 |
| Royalties | $0 |
| Occupancy | $392,577 |
| Travel | $120,596 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $51,011 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $778,192 |
| Insurance | $370,958 |
| All other expenses | $679,743 |
| Total functional expenses | $26,990,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $912,125 |
| Savings and temporary cash investments | $9,874,668 |
| Pledges and grants receivable | $1,465,613 |
| Accounts receivable, net | $417,163 |
| 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 | $74,331 |
| Net Land, buildings, and equipment | $11,257,426 |
| Investments—publicly traded securities | $1,157,157 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $192,430 |
| Total assets | $25,350,913 |
| Accounts payable and accrued expenses | $879,916 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $989,542 |
| Total liabilities | $1,869,458 |
| Net assets without donor restrictions | $23,481,455 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $25,350,913 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that First Step Inc has recieved totaling $7,707.
| Awarding Organization | Amount |
|---|---|
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: TO DISTRIBUTE ARKANSAS GIVES FUNDS | $3,502 |
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: TO SUPPORT THE FUNDRAISER | $3,000 |
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: GENERAL SUPPORT FOR THE FIRST STEP FOUNDATION | $1,205 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Easter Seals Midwest Saint Louis, MO | $59,591,564 | $87,505,864 |
Arc Of The Ozarks Springfield, MO | $28,895,531 | $66,576,030 |
Burke Center Lufkin, TX | $33,896,075 | $57,587,493 |
Orange Grove Center Inc Chattanooga, TN | $25,283,096 | $40,700,796 |
Bost Inc Fort Smith, AR | $31,302,190 | $39,844,873 |
The Whole Person Inc Kansas City, MO | $13,109,410 | $33,207,318 |
Shelby Residential And Vocational Services Inc Memphis, TN | $11,136,048 | $28,344,823 |
St Louis Arc Inc St Louis, MO | $31,978,469 | $30,887,504 |
First Step Inc Hot Springs, AR | $25,350,913 | $29,227,176 |
Helping Restore Ability Arlington, TX | $3,378,629 | $25,998,011 |
Arc Of Acadiana Inc New Iberia, LA | $47,064,233 | $25,738,981 |
Life Bridges Inc Cleveland, TN | $14,755,928 | $22,280,185 |