Overview
What is Steppingstone Scholars Inc?
Steppingstone Scholars Inc, located in Philadelphia, Pennsylvania, is a nonprofit organization dedicated to providing educational support and resources to underprivileged students in the city. With a mission to bridge the gap between limited opportunities and higher education or the workforce, Steppingstone has been making a difference since 1999. Their approach goes beyond a single pathway, offering a range of programs, including the Academy, Pathways, and Ventures, to cater to the diverse needs of approximately 2,500 students annually. Through these initiatives, Steppingstone Scholars help students navigate their educational journeys and prepare for successful careers, ultimately producing engaged citizens ready to contribute to the dynamic workforce. The organization has a team of 173 employees committed to making a lasting impact on the lives of those they serve.
Official website here: www.steppingstonescholars.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star rating
Steppingstone Scholars Inc. has received a Four-Star rating from Charity Navigator, indicating an excellent level of accountability and financial health. The organization boasts an impressive score of 100% in Accountability & Finance, reflecting strong governance practices, including a fully independent board and robust financial oversight mechanisms. The charity has effectively utilized its resources, with 73.26% allocated toward program expenses, demonstrating a commitment to its mission.
User feedback from GreatNonprofits highlights the transformative impact of Steppingstone Scholars on the lives of its participants. Many clients emphasize the support provided by the staff, who not only guide students academically but also offer emotional and social support throughout their educational journeys. Reviews consistently praise the program's ability to prepare students for challenging curricula and its lasting relationships with alumni, showcasing a strong sense of community.
While the feedback is overwhelmingly positive, there are mentions of the challenges posed by the rigorous summer programs, which may require sacrifices from participants. However, many parents and scholars view these challenges as worthwhile, leading to significant academic and personal growth. Overall, Steppingstone Scholars Inc. stands out as a valuable resource for families seeking educational opportunities and long-term success for their children.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Steppingstone Scholars Inc legitimate?
Steppingstone Scholars Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Steppingstone Scholars 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: $193,879
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,886,004
For more financial information, click here
Official website here: www.steppingstonescholars.org
What is the mission statement of Steppingstone Scholars Inc?
Steppingstone Scholars is a non-profit organization focused on educational social mobility. For low-income students in areas where clear paths to college or the workforce are often absent, Steppingstone has been addressing this systemic issue since 1999 by creating multiple solutions instead of just one. Through strategic partnerships and substantial resources, Steppingstone provides long-term academic and enrichment support to educationally underserved students, producing engaged citizens prepared to enter the dynamic workforce. In the 2021-2022 academic year, Steppingstone served approximately 2,500 students through their Academy, Pathways, and Ventures programming.
Official website here: www.steppingstonescholars.org
What is the revenue of Steppingstone Scholars Inc?
Steppingstone Scholars Inc's revenue in 2023 was $3,197,872.
Official website here: www.steppingstonescholars.org
Who are the executives of Steppingstone Scholars Inc and what are their salaries?
The average compensation at Steppingstone Scholars Inc during 2023 was $13,936. There are 221 employees and 50 volunteers at Steppingstone Scholars Inc.
Here are 23 key members and their salaries:
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- Other: $5,930
Official website here: www.steppingstonescholars.org
Where can I find the form 990 for Steppingstone Scholars Inc?
Steppingstone Scholars Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.steppingstonescholars.org
Learn more at the official website: www.steppingstonescholars.org
Mission Statement of Steppingstone Scholars Inc
Steppingstone Scholars Inc, an educational social mobility organization, has been addressing the issue of limited pathways to college and the workforce for low-income students in Philadelphia since 1999. Without clear-cut options, these students often face significant challenges in accessing higher education and career opportunities. In response, Steppingstone Scholars has taken an innovative approach, creating not just one but multiple pathways to success.
Through strategic partnerships and high-impact resources, Steppingstone Scholars offers long-term, intensive academic and enrichment support for educationally underserved students. This unparalleled assistance in Philadelphia enables Steppingstone Scholars to produce engaged citizens ready to enter the dynamic workforce. The organization's robust college and career prep support services ensure that students are well-equipped to navigate their educational journeys and transition into the workforce with confidence. In the 2021-2022 academic year, Steppingstone Scholars served approximately 2,500 students through their Academy, Pathways, and Ventures programming.
Steppingstone Scholars' mission is to make a significant impact on the lives of low-income students in Philadelphia by providing them with the tools, resources, and support they need to succeed. By offering intensive academic assistance, enrichment opportunities, and comprehensive college and career preparation services, Steppingstone Scholars is helping students break free from the cycle of poverty and create a brighter future for themselves.
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Impact
October, 2024
Steppingstone Scholars Inc has significantly impacted educational social mobility for low-income students in Philadelphia by addressing systemic barriers to college and workforce entry. Since its inception in 1999, the organization has created multiple pathways to education and professional opportunities, transforming the lives of underserved youth.
Through strategic partnerships and high-impact resources, Steppingstone offers intense, long-term academic and enrichment support that is unparalleled in the region. In the 2021-2022 academic year alone, approximately 2,500 students benefited from their comprehensive programming, which includes the Academy, Pathways, and Ventures initiatives.
By focusing on robust college and career preparation services, Steppingstone not only equips students with the knowledge and skills necessary for success but also fosters engaged citizenship among participants. The organization remains a critical player in shaping a more equitable and accessible educational landscape in Philadelphia, empowering the next generation to thrive in a dynamic workforce.
This information is meant to be a general summary of Steppingstone Scholars 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 2023.
- Investment Income: $180,018
- Program Service Revenue: $1,091,208
- Gross Receipts: $9,830,012
Assets and Liabilities:
- Total Assets: $17,894,964
- Total Liabilities: $238,785
- Net Assets: $17,656,179
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$1,091,208
Organization Details
Founding Year
2003
Principal Officer
Sean E Vereen
NTEE Category
Code: B20 - Education
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