2025-04-03T14:54:32-05:00 2024-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-07-01 043086666 STEPPINGSTONE FOUNDATION INC STEP 6174236300 200 HIGH STREET 210 BOSTON MA 02110 DONAVAN BROWN BOARD CLERK 6174236300 2025-03-28 1 1 KATIE BELANGER CPA P01585213 5083669100 2025-03-27 2023 2025-03-06 01:10:19Z X DONAVAN BROWN 200 HIGH STREET 210 BOSTON MA 02110 22365488 0 X WWW.STEPPINGSTONE.ORG X 1990 MA STEPPINGSTONE PREPARES STUDENTS FROM UNDER-RESOURCED COMMUNITIES TO ACCESS, NAVIGATE, AND GRADUATE FROM COLLEGE. 26 26 135 259 900 0 6013904 16274336 342842 353035 989679 561508 30372 86591 7376797 17275470 2000 198100 0 0 4283212 4670755 111435 120170 1517484 1914298 2029611 6310945 7018636 1065852 10256834 22989223 35121586 1366023 761217 21623200 34360369 X STEPPINGSTONE PREPARES STUDENTS FROM UNDER-RESOURCED COMMUNITIES TO ACCESS, NAVIGATE, AND GRADUATE FROM COLLEGE. 0 0 3838816 198100 45559 THE STEPPINGSTONE SCHOLARS PROGRAM IN BOSTON PREPARES MOTIVATED FIFTH- AND SIXTH-GRADERS FROM UNDERSERVED COMMUNITIES IN BOSTON BY PROVIDING AN INTENSIVE AFTER-SCHOOL AND SUMMER ACADEMIC PROGRAM DESIGNED TO ASSIST THESE STUDENTS IN GAINING ADMISSION TO AN INDEPENDENT, EXAM, OR BOSTON PUBLIC SCHOOL IN THE SIXTH, SEVENTH, OR NINTH GRADES. AFTER COMPLETING THE ACADEMIC COMPONENT, SUPPORT SERVICES SUCH AS MENTORING, EXTRACURRICULAR ACTIVITIES, AND COLLEGE GUIDANCE ARE PROVIDED TO ENSURE THAT THE STUDENTS SUCCEED IN SCHOOL AND ULTIMATELY GRADUATE FROM A FOUR-YEAR COLLEGE. EACH YEAR, THE STEPPINGSTONE SCHOLARS PROGRAM SERVES APPROXIMATELY 1,300 SCHOLARS IN GRADES 5 - COLLEGE. OF THE SCHOLARS WHO COMPLETE THE ACADEMIC PREPARATION COMPONENT, APPROXIMATELY 90% ARE PLACED IN A SCHOOL THAT LEADS TO COLLEGE, 99% GRADUATE FROM HIGH SCHOOL, AND 91% ENROLL AT FOUR-YEAR COLLEGES. 80% GRADUATE FROM FOUR-YEAR COLLEGES WITHIN SIX YEARS. 614101 357328 THE NATIONAL PARTNERSHIP FOR EDUCATIONAL ACCESS (NPEA), WHICH THE STEPPINGSTONE FOUNDATION FORMALLY LAUNCHED IN 2007, IS A MEMBERSHIP ORGANIZATION FOR PROGRAMS AND SCHOOLS WORKING TO ELIMINATE BARRIERS TO EDUCATIONAL ACCESS AND COLLEGE AND CAREER SUCCESS FOR UNDERSERVED STUDENTS. AT THE END OF FISCAL YEAR 2024, NPEA HAD 217 MEMBERS FROM ALL ACROSS THE COUNTRY, INCLUDING EDUCATIONAL NONPROFITS, SCHOOLS, AND COLLEGES & UNIVERSITIES. NPEA MEMBERS HAVE ACCESS TO BEST PRACTICE SHARING, NETWORKING, PROFESSIONAL DEVELOPMENT OPPORTUNITIES, INCLUDING AN ANNUAL CONFERENCE, A CAREER CENTER, NEWSLETTERS AND DIGESTS, AND PRODUCTS AND SERVICES OFFERED THROUGH NPEA'S PARTNERSHIPS WITH OTHERS IN THE FIELD OF EDUCATION. 223100 THE ORGANIZATION RECEIVES FUNDING FROM ANONYMOUS DONORS TO PROVIDE COLLEGE SCHOLARSHIPS TO SCHOLARS TO FILL A FINANCIAL NEED OR SIGNIFICANTLY REDUCE THE FAMILY'S FINANCIAL AID GAP. THERE IS A ROBUST SELECTION PROCESS EACH YEAR FOR THE SCHOLARSHIPS. WE LOOK AT FINANCIAL IMPACT, ACADEMIC READINESS/EFFORT AND ENGAGEMENT WITH STEPPINGSTONE IN THE SELECTION PROCESS. SCHOLARSHIP INFO IS SHARED WITH THE ENTIRE SCHOLAR COMMUNITY. ALL SCHOLARSHIP APPLICATIONS ARE PRE-SCREENED FOR ELIGIBILITY AND AWARDS ARE DETERMINED BY A SELECTION COMMITTEE. 4676017 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 28 0 1 135 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NY CT FL NH NJ PA VA MD SC IL OH OR RI ME X X KERRY TAVERNESE 6174236300 200 HIGH STREET 210 BOSTON MA 02110 ROBERT HENDERSON CHAIR 15.00 X X 0 0 0 NATASHA TELESFORD WILLIAMS VICE CHAIR 1.00 X X 0 0 0 FABIAN FONDRIEST TREASURER 1.00 X X 0 0 0 DONAVAN BROWN CLERK 1.00 X X 0 0 0 JOANNE JACQUET ARAUJO DIRECTOR 1.00 X 0 0 0 TODD BLAND DIRECTOR 1.00 X 0 0 0 JENNIFER BLOCK DIRECTOR 1.00 X 0 0 0 BRIAN CONWAY DIRECTOR 1.00 X 0 0 0 DR VINCENT CHIANG DIRECTOR 1.00 X 0 0 0 BETSY LIND DANZIGER DIRECTOR 1.00 X 0 0 0 MARY DRISCOLL DIRECTOR 1.00 X 0 0 0 KATE GILBANE DIRECTOR 1.00 X 0 0 0 JONATHAN GOLDSTEIN DIRECTOR 1.00 X 0 0 0 ISABELLE LORING DIRECTOR 1.00 X 0 0 0 DR STEPHANIE PINDER-AMAKER DIRECTOR 1.00 X 0 0 0 ALEX SACERDOTE DIRECTOR 1.00 X 0 0 0 JOHN SIMON DIRECTOR 1.00 X 0 0 0 RACHEL SKERRIT DIRECTOR 1.00 X 0 0 0 SOFIA TEIXEIRA MISTRETTA DIRECTOR 1.00 X 0 0 0 PERRY TRAQUINA DIRECTOR 1.00 X 0 0 0 JENNY WEYMOUTH DIRECTOR 1.00 X 0 0 0 SUSAN BONEY DIRECTOR 1.00 X 0 0 0 RAFAEL COFINO DIRECTOR 1.00 X 0 0 0 DOUGLASS WILLIAMS DIRECTOR 1.00 X 0 0 0 ALIXE CALLEN DIRECTOR 1.00 X 0 0 0 DARIEN REID DIRECTOR 1.00 X 0 0 0 KELLY GLEW PRESIDENT & CEO 40.00 X 199476 0 12207 KATE WOOD CAO 40.00 X 171686 0 13348 KERRY TAVERNESE CFOO 40.00 X 158242 0 23444 CHRISTOPHER PARRIS CPO 40.00 X 119319 0 16702 KARIN ELLIOTT EXEC DIRECTOR, NPEA 40.00 X 114026 0 7021 MIGUEL URENA SR. DIRECTOR IT 40.00 X 110645 0 10239 873394 0 82961 6 0 1 0 SALTONSTALL CONSULTING 70 LINCOLN STREET BELMONT MA 02478 FUNDRAISING CONSULTANT 120170 1 871977 15402359 2715 16274336 CONFERENCE INCOME 611110 209565 208665 900 MEMBERSHIP INCOME 611110 143470 143470 353035 675235 675235 4887755 5001482 -113727 -113727 -113727 124375 871977 88536 35839 35839 MISC. INCOME 900099 50752 50752 50752 17275470 402887 900 597347 198100 198100 616652 23751 314728 278173 3320032 2522747 211881 585404 58749 45687 3250 9812 290158 209511 36338 44309 385164 253978 61030 70156 7437 7437 44814 44814 120170 120170 309039 122669 64714 121656 189324 141085 9676 38563 543347 412159 41672 89516 50954 35190 7979 7785 228017 228017 162975 140125 7252 15598 31600 18973 8505 4122 EVENT EXPENSE 124659 124659 CLASSROOM FACILITY 118995 118995 SCHOLAR TRANSPORTATION 107053 107053 SCHOLAR & FAMILY SERVIC 64647 64647 46750 33330 5859 7561 7018636 4676017 825135 1517484 224312 244534 2475312 2332393 1667889 7269098 351471 258951 762935 461875 464035 301060 16843632 24239370 962572 476180 22989223 35121586 180111 190079 156408 110297 1029504 460841 1366023 761217 X 4571764 3767756 17051436 30592613 21623200 34360369 22989223 35121586 10256834 2480335 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14908021 11320962 2570102 487821 28311264 12279944 1201509 1670081 243513 14908021 5368992 9003450 -1965587 126911 12279944 2177864 2528972 701005 38849 5368992 2056492 1020 158188 37836 2177864 0.92070 0.07930 0 0 247467 247467 0 515468 214408 301060 301060 OPERATING LEASE OBLIGATIONS 394015 FINANCING LEASE OBLIGATIONS 66826 460841 X 19755805 2480335 2480335 17275470 0 17275470 7018636 0 7018636 0 7018636 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT IS TO BE USED TO PROVIDE A LEVEL OF SUPPORT FOR THE ORGANIZATION AND ITS PROGRAMS. PART X, LINE 2: THE FOUNDATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FOUNDATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2024. THE FOUNDATION'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS AND GENERALLY REMAIN OPEN FOR THE MOST RECENT 3 YEARS. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT IS TO BE USED TO PROVIDE A LEVEL OF SUPPORT FOR THE ORGANIZATION AND ITS PROGRAMS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATORY POLICY IS POSTED ON THE STEPPINGSTONE WEBSITE AND AVAILABLE TO THE PUBLIC. X X X X X X 1 SALTONSTALL CONSULTING 70 LINCOLN STREET BELMONT MA 02478 FUNDRAISING 0 0 120170 -120170 120170 -120170 CT FL IL MD MA NH NJ OH OR PA RI SC VA ME NY GALA 990698 871977 118721 24867 62927 BYP WINTER 5654 5654 742 996352 871977 124375 25609 62927 88536 35839 1 SCHOLARSHIP 30 198100 X X X 0 0 0 0 0 0 0 0 0 KELLY GLEW PRESIDENT & CEO 199476 0 0 0 0 0 11756 0 451 0 211683 0 0 0 KATE WOOD CAO 171686 0 0 0 0 0 9587 0 3761 0 185034 0 0 0 KERRY TAVERNESE CFOO 158242 0 0 0 0 0 10282 0 13162 0 181686 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B AFTER BEING REVIEWED BY MANAGEMENT, THE 990 IS DISTRIBUTED TO THE FINANCE COMMITTEE FOR REVIEW PRIOR TO FILING. ONCE ALL COMMENTS HAVE BEEN ADDRESSED, THE 990 IS DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS. THE FINAL RETURN IS SIGNED BY THE BOARD CLERK FOR FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE WRITTEN CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY TO THE BOARD OF DIRECTORS AND OFFICERS OF THE ORGANIZATION AND REFLECTED IN THE MEETING MINUTES ALONG WITH THOSE IN ATTENDANCE WHO RECEIVED AND REVIEWED THE POLICY. THE CONFLICT OF INTEREST POLICY ADDRESSES THE BOARD OF DIRECTORS AND OFFICERS' DUTY TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST. IN ADDITION, THE POLICY ADDRESSES THE PROCEDURES FOR ADDRESSING SUCH CONFLICTS AND THE PROCEDURE FOR DEALING WITH ANY VIOLATIONS OF THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 1. THE COMPENSATION FOR THE PRESIDENT OF STEPPINGSTONE FOUNDATION IS DETERMINED BY THE BOARD AND IS ESTABLISHED BASED ON COMPARABLE MARKET RATES. 2. THE COMPENSATION FOR ALL OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION IS ESTABLISHED BASED ON COMPARABLE MARKET RATES AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC BY REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS OF SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM PRIOR YEAR.