Overview
What is Steppingstone Foundation Inc?
Steppingstone Foundation Inc, based in Boston, Massachusetts, is a nonprofit organization dedicated to empowering motivated fifth- and sixth-graders from underserved communities in Boston. Through an intensive after-school and summer academic program, Steppingstone helps these students gain admission to independent, exam, or Boston Public Schools in the sixth, seventh, or ninth grades. After completing the academic component, scholars receive ongoing support, including mentoring, extracurricular activities, and college guidance, to ensure their academic success and eventual graduation from a four-year college. Yearly, Steppingstone serves approximately 1,400 scholars from grades 5 to college. An impressive 89% of scholars who complete the academic preparation component are admitted to independent or public schools, 99% graduate from high school, and 92% enroll at four-year colleges. Additionally, 80% of graduates earn a college degree within six years. Steppingstone's mission is to prepare students from historically marginalized communities to access, navigate, and succeed in higher education.
Official website here: www.tsf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%
Steppingstone Foundation Inc has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting its top-tier accountability and financial health. With a perfect score in categories such as Accountability & Finance and Leadership & Adaptability, this organization demonstrates a commitment to ethical practices and effective governance. Notably, it boasts a fully independent board and has received high marks for its financial metrics, indicating a strong foundation for long-term sustainability.
User reviews consistently praise Steppingstone for its transformative impact on the lives of its scholars. Many former participants highlight the exceptional educational support and mentorship they received, which helped them navigate the challenges of transitioning to more rigorous academic environments. The organization's dedicated staff is frequently recognized for their genuine care and commitment to fostering the personal growth and academic success of each student.
While the overall feedback is overwhelmingly positive, there is a noted challenge inherent in supporting children from diverse backgrounds as they strive for educational opportunities. However, many testimonials reflect that Steppingstone effectively addresses these challenges by providing not just academic support but also life skills and community engagement, helping to cultivate well-rounded individuals prepared for future success.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Steppingstone Foundation Inc legitimate?
Steppingstone Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Steppingstone Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $555,464
Professional Fundraising Fees: $125,400
Other Salaries and Wages: $2,809,497
For more financial information, click here
Official website here: www.tsf.org
What is the mission statement of Steppingstone Foundation Inc?
The Steppingstone Foundation Inc is dedicated to helping students from historically marginalized communities gain access to and succeed in college. Through their Scholars Program, the foundation prepares motivated fifth- to sixth-graders with an intensive academic program designed to assist them in entering independent, exam, or public schools. Once admitted, the students receive ongoing support services, including mentoring, extracurricular activities, and college guidance. The foundation's efforts have been effective, with approximately 89% of students gaining admission to an independent or public school, 99% graduating from high school, and 92% enrolling at four-year colleges. Of these students, 80% ultimately graduate within six years.
Official website here: www.tsf.org
Who is the CEO of Steppingstone Foundation Inc?
Donavan Brown is the President of Steppingstone Foundation Inc.
Official website here: www.tsf.org
What is the revenue of Steppingstone Foundation Inc?
Steppingstone Foundation Inc's revenue in 2022 was $16,364,119.
Official website here: www.tsf.org
Who are the executives of Steppingstone Foundation Inc and what are their salaries?
The average compensation at Steppingstone Foundation Inc during 2022 was $24,035. There are 140 employees and 232 volunteers at Steppingstone Foundation Inc.
Here are 35 key members and their salaries:
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Official website here: www.tsf.org
Where can I find the form 990 for Steppingstone Foundation Inc?
Steppingstone Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tsf.org
Learn more at the official website: www.tsf.org
Mission Statement of Steppingstone Foundation Inc
Steppingstone Foundation Inc, a nonprofit organization, is committed to preparing students from historically marginalized communities to gain access to, navigate, and graduate from college. By providing an intensive after-school and summer academic program, Steppingstone Scholars Program helps motivated fifth- and sixth-graders from underserved communities in Boston. This program equips these students with the necessary skills to secure admission to independent, exam, or Boston Public Schools in the sixth, seventh, or ninth grades.
Once students complete the academic preparation component, Steppingstone Foundation Inc offers essential support services. These include mentoring, extracurricular activities, and college guidance to ensure the students' success in school and ultimately graduation from a four-year college. Every year, this program assists approximately 1,400 scholars in grades 5 to college. Remarkably, 89% of scholars who complete the academic preparation component get admitted to an independent or public exam school, 99% graduate from high school, and 92% enroll at four-year colleges. Among these students, 80% graduate from four-year colleges within six years.
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Impact
October, 2024
Steppingstone Foundation Inc has a significant impact on the educational trajectories of students from historically marginalized communities in Boston. Its Steppingstone Scholars Program focuses on preparing motivated fifth- and sixth-graders through an intensive after-school and summer academic curriculum. This robust program equips students with the skills and knowledge necessary to gain admission to independent, exam schools, or Boston public schools for grades six, seven, or nine.
The outcomes are impressive: approximately 89% of scholars who complete the academic preparation component are admitted to these sought-after schools, ensuring they start their educational journey on solid footing. Moreover, the foundation supports approximately 1,400 scholars each year, providing a continuum of services that include mentoring, extracurricular activities, and comprehensive college guidance.
The success of the program is evident in the graduation statistics—99% of the scholars finish high school, while 92% go on to enroll in four-year colleges. Additionally, around 80% of these students successfully graduate from college within six years. By addressing educational inequities and fostering a supportive environment, Steppingstone Foundation Inc creates pathways to success for young people, ultimately enabling them to access, navigate, and graduate from college.
This information is meant to be a general summary of Steppingstone Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,018,407
- Program Service Revenue: $234,078
- Gross Receipts: $19,781,806
Assets and Liabilities:
- Total Assets: $21,511,521
- Total Liabilities: $2,044,926
- Net Assets: $19,466,595
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP INCOME
Revenue
$148,115
CONFERENCE INCOME
Revenue
$85,963
Organization Details
Founding Year
1990
Phone
(617) 423-6300Principal Officer
Donavan Brown
Main Address
ONE APPLETON STREET 4TH FLOOR, BOSTON, MA, 02116
Website
www.tsf.orgNTEE Category
Code: B280 - Education
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