STEPPINGSTONE FOUNDATION INC

EIN: 043086666 501(c)(3) Education

BOSTON, MA

Total Revenue
$11,421,793
Total Expenses
$7,915,902
Total Assets
$43,823,921
Net Assets
$39,147,398
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
MA
Principal Officer
KELLY D GLEW
Phone
6174236300
Tax Period
2024-07-01 to 2025-06-30

STEPPINGSTONE FOUNDATION INC, founded in 1990, is a mid-sized nonprofit in the Education sector that reported $11.4M in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $3.5M, a strong 31% operating margin.

Mission

STEPPINGSTONE PREPARES STUDENTS TO ACCESS, NAVIGATE, AND GRADUATE FROM COLLEGE. IN BOSTON, WE PROVIDE ACADEMIC, SOCIAL-EMOTIONAL, AND COLLEGE READINESS PROGRAMMING FROM AS EARLY AS FIFTH GRADE AND CONTINUING THROUGH COLLEGE GRADUATION. NATIONALLY, WE CONNECT THE PEOPLE, PRACTICES, AND INNOVATIONS ESSENTIAL FOR ELIMINATING BARRIERS TO COLLEGE AND CAREER SUCCESS.

Program Service Accomplishments

Program 1
Expenses: $4,787,272 Revenue: $40,261

THE STEPPINGSTONE SCHOLARS PROGRAM IN BOSTON ADMITS MOTIVATED FIFTH- AND SIXTH-GRADERS TO PARTICIPATE IN AN INTENSIVE AFTER-SCHOOL AND SUMMER ACADEMIC PROGRAM DESIGNED TO HELP THEM GAIN ADMISSION TO...

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THE STEPPINGSTONE SCHOLARS PROGRAM IN BOSTON ADMITS MOTIVATED FIFTH- AND SIXTH-GRADERS TO PARTICIPATE IN AN INTENSIVE AFTER-SCHOOL AND SUMMER ACADEMIC PROGRAM DESIGNED TO HELP THEM GAIN ADMISSION TO AN INDEPENDENT OR PUBLIC EXAM SCHOOL IN THE SIXTH OR SEVENTH GRADE.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, CAREER READY. EACH YEAR, THE STEPPINGSTONE SCHOLARS PROGRAM SERVES APPROXIMATELY 1,250 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.

Program 2
Expenses: $678,959 Revenue: $493,691

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...

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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. AT THE END OF FISCAL YEAR 2025, NPEA HAD 232 MEMBERS FROM ALL ACROSS THE COUNTRY, INCLUDING EDUCATIONAL NONPROFITS, SCHOOLS, AND COLLEGES & UNIVERSITIES, AND MORE THAN 850 EDUCATORS IN THE NETWORK. NPEA MEMBERS HAVE ACCESS TO BEST PRACTICE SHARING, NETWORKING, PROFESSIONAL DEVELOPMENT OPPORTUNITIES, INCLUDING AN ANNUAL CONFERENCE, REGIONAL GATHERINGS, A CAREER CENTER, NEWSLETTERS AND DIGESTS, AND PRODUCTS AND SERVICES OFFERED THROUGH NPEA'S PARTNERSHIPS WITH OTHERS IN THE FIELD OF EDUCATION.

Program 3
Expenses: $207,200 Revenue: $0

THE ORGANIZATION RECEIVES CONTRIBUTIONS TO PROVIDE COLLEGE SCHOLARSHIPS TO SCHOLARS TO TO FILL A FINANCIAL NEED OR SIGNIFICANTLY REDUCE THE FAMILY'S FINANCIAL AID GAP. THERE IS A ROBUST SELECTION...

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THE ORGANIZATION RECEIVES CONTRIBUTIONS TO PROVIDE COLLEGE SCHOLARSHIPS TO SCHOLARS TO 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.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $9,382,884
Program Service Revenue $487,113
Investment Income $1,583,319
Other Revenue $-31,523
TOTAL REVENUE $11,421,793

Expense Breakdown

Grants Paid $207,000
Salaries & Benefits $5,504,102
Fundraising Expenses $1,343,872
Program Expenses $5,673,431
Other Expenses $2,188,900
TOTAL EXPENSES $7,915,902

Year-over-Year Comparison

2024 2023 Change
Revenue $11,421,793 $17,275,470 -0.3%
Expenses $7,915,902 $7,018,636 +0.1%
Net Income $3,505,891 $10,256,834 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
28
Independent Members
28
Employees
142
Volunteers
334

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$627,774
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT HENDERSON CHAIR 15.00
Officer Director
$0 $0 $0
DONAVAN BROWN CLERK 1.00
Officer Director
$0 $0 $0
JENNIFER FULTON DIRECTOR 1.00
Director
$0 $0 $0
KATE GILBANE DIRECTOR 1.00
Director
$0 $0 $0
JONATHAN GOLDSTEIN DIRECTOR 1.00
Director
$0 $0 $0
ISABELLE LORING DIRECTOR 1.00
Director
$0 $0 $0
DR STEPHANIE PINDER-AMAKER DIRECTOR 1.00
Director
$0 $0 $0
DARIEN REID DIRECTOR 1.00
Director
$0 $0 $0
RAFAEL COFINO DIRECTOR 1.00
Director
$0 $0 $0
MARY DRISCOLL DIRECTOR 1.00
Director
$0 $0 $0
JOHN SIMON DIRECTOR 1.00
Director
$0 $0 $0
RACHEL SKERRIT DIRECTOR 1.00
Director
$0 $0 $0
SOFIA TEIXEIRA MISTRETTA DIRECTOR 1.00
Director
$0 $0 $0
PERRY TRAQUINA DIRECTOR 1.00
Director
$0 $0 $0
ALEX SACERDOTE DIRECTOR 1.00
Director
$0 $0 $0
BETSY LIND DANZIGER DIRECTOR 1.00
Director
$0 $0 $0
DOUGLASS WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
ERIN CONDRON DIRECTOR 1.00
Director
$0 $0 $0
JENNY WEYMOUTH DIRECTOR 1.00
Director
$0 $0 $0
DAVID CHANG DIRECTOR 1.00
Director
$0 $0 $0
ALIXE CALLEN DIRECTOR 1.00
Director
$0 $0 $0
SUSAN JEFFERSON BONEY DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER BLOCK DIRECTOR 1.00
Director
$0 $0 $0
TODD BLAND DIRECTOR 1.00
Director
$0 $0 $0
JOANNE JACQUET ARAUJO DIRECTOR 1.00
Director
$0 $0 $0
BRIAN CONWAY DIRECTOR 1.00
Director
$0 $0 $0
FABIAN FONDRIEST TREASURER 1.00
Officer Director
$0 $0 $0
NATASHA TELESFORD WILLIAMS VICE CHAIR 1.00
Officer Director
$0 $0 $0
KATE WOOD CAO 40.00
Officer
$178,752 $32,822 $211,574
KERRY TIRRELL CFOO 40.00
Officer
$156,718 $32,543 $189,261
KELLY D GLEW PRESIDENT & CEO 40.00
Officer
$213,301 $13,638 $226,939
CHRISTOPHER PARRIS CPO 40.00
Highest
$134,973 $22,566 $157,539
KATARINA NG EVP PROGRAMS 40.00
Highest
$109,096 $6,954 $116,050
KARIN ELLIOTT EXEC DIRECTOR, NPEA 40.00
Highest
$119,861 $7,801 $127,662
JANE VENTRONE VP ACADEMIC PROGRAMS 40.00
Highest
$123,306 $25,024 $148,330
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $11,421,793 $7,915,902 $43,823,921 $3,505,891
2024 $17,275,470 $7,018,636 $35,121,586 $10,256,834
2023 $7,376,797 $6,310,945 $22,989,223 $1,065,852
2022 $16,364,119 $5,552,574 $21,511,521 $10,811,545
2021 $9,798,943 $4,738,089 $13,331,148 $5,060,854
2020 $5,072,274 $4,878,670 $7,361,021 $193,604
2019 $6,004,280 $5,008,135 $6,321,522 $996,145
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