Overview
What is Stepping Stone Ministry Inc?
Stepping Stone Ministry Inc, based in Midland, Texas, is a nonprofit organization with a primary focus on assisting former prisoners in rebuilding their lives. The ministry offers affordable housing to these individuals, who have completed their prison terms and are committed to starting anew. The ministry's operations largely involve providing essentials such as food, clothing, and entry supplies for the residents during their initial stages. As they secure employment, the residents contribute towards rent payments. The ministry's workforce comprises a modest team of two dedicated individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Stepping Stone Ministry Inc has been rated 84%, earning a Three-Star rating based solely on its accountability and finance metrics. This score reflects a solid commitment to responsible financial practices and transparency. The organization demonstrated exceptional governance, with a fully independent board comprised entirely of members who maintain a strong oversight role, achieving a perfect score in this category.
The nonprofit showcases a commendable program expense ratio of 67.90%, indicating that a significant portion of its funds is directed toward its mission-related programs. Additionally, the charity has effectively managed its financial health, evidenced by a low liabilities-to-assets ratio of 4.17%. This suggests prudent fiscal management, with no reported material diversion of assets.
However, while the organization excels in accountability, the overall score is derived solely from a single beacon score, which may limit a more comprehensive evaluation of its overall impact and effectiveness. Potential donors and supporters should consider this aspect when assessing their engagement with the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Stepping Stone Ministry Inc legitimate?
Stepping Stone Ministry Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stepping Stone Ministry 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,600
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What is the mission statement of Stepping Stone Ministry Inc?
Stepping Stone Ministry Inc's mission is centered around providing affordable housing for former prisoners as they embark on rebuilding their lives post-incarceration. This ministry only extends its services to qualified individuals who have completed the necessary application and interview process. The primary focus of the ministry is to assist these individuals in their transition, providing them with initial food, clothing, and entry supplies until they can secure employment and contribute towards their rent payments. The ministry aims to support their residents in beginning anew, offering them a chance at a fresh start.
Who is the CEO of Stepping Stone Ministry Inc?
Clayton Alexander is the Executive Director of Stepping Stone Ministry Inc.
What is the revenue of Stepping Stone Ministry Inc?
Stepping Stone Ministry Inc's revenue in 2022 was $115,434.
Who are the executives of Stepping Stone Ministry Inc and what are their salaries?
The average compensation at Stepping Stone Ministry Inc during 2022 was $13,800. There are 2 employees and 15 volunteers at Stepping Stone Ministry Inc.
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Where can I find the form 990 for Stepping Stone Ministry Inc?
Stepping Stone Ministry Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Stepping Stone Ministry Inc
Stepping Stone Ministry Inc, a nonprofit organization, is dedicated to providing affordable housing for individuals who have served their prison terms and are aiming to restart their lives. Qualified prisoners, having completed an application and interview process, become eligible for this supportive housing program. The ministry's primary goal is to help these individuals transition back into society, offering them a safe and affordable living environment as they work towards reestablishing their lives.
One of the crucial aspects of Stepping Stone Ministry Inc's mission is providing the essentials for its residents' survival during their initial stages of reentry. The organization covers the substantial cost of food, a significant expense for the programs it offers. As the residents secure employment, they contribute towards rent payments, but the ministry initially covers the expenses related to food, clothing, and other essentials required for a smooth transition. This support system enables the former prisoners to focus on finding stable employment and rebuilding their lives without the additional burden of immediate financial needs.
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Impact
October, 2024
Stepping Stone Ministry Inc significantly impacts the lives of former prisoners in Midland, TX, by providing them with affordable housing as they reintegrate into society. This initiative is vital for individuals who have completed their prison sentences, offering them a supportive environment to begin anew. Through a thorough application and interview process, the ministry ensures that qualified individuals receive the assistance they need.
One of the critical areas of support is providing essential needs such as food, clothing, and entry supplies, which are crucial for those starting from scratch. This alleviates some immediate financial pressures, allowing residents to focus on finding employment and rebuilding their lives. As they secure jobs, residents can contribute to their rent payments, fostering a sense of responsibility and independence.
By addressing the foundational need for stable housing and basic necessities, Stepping Stone Ministry Inc helps reduce recidivism and promotes successful reintegration into the community. The ministry not only assists individuals but also positively influences the broader Midland community by aiding in the transformation of lives.
This information is meant to be a general summary of Stepping Stone Ministry 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: $16
- Program Service Revenue: $38,686
- Gross Receipts: $115,434
Assets and Liabilities:
- Total Assets: $734,291
- Total Liabilities: $30,653
- Net Assets: $703,638
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$31,453
CATERING INCOME
Revenue
$5,812
LAUNDRAMAT
CONTRACT WORK INCOME
Organization Details
Founding Year
2010
Phone
(432) 631-4631Principal Officer
Clayton Alexander
Main Address
P O BOX 50092, MIDLAND, TX, 797100092
NTEE Category
Code: X99 - Religion related
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