STEP UP FOR SOLDIERS INC

EIN: 113734149 501(c)(3)

KURE BEACH, NC

Total Revenue
$49,384
Total Expenses
$9,877
Total Assets
$332,971
Net Assets
$330,149
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NC
Principal Officer
THOMAS RUSSELL
Phone
9104583389
Tax Period
2020-01-01 to 2020-12-31

STEP UP FOR SOLDIERS INC, founded in 2005, is a micro nonprofit that reported $49K in total revenue in fiscal year 2020. Revenue fell 37% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $40K, a strong 80% operating margin.

Mission

TO PROVIDE DISABLED VETERANS WHO EXPERIENCED LOSS OF LIMB AND MOBILITY PROBLEMS WITH THE RESOURCES NECESSARY TO ADJUST TO A POST-WAR ENVIRONMENT. AS A RESULT OF THE EVENTS AND FUNDRAISERS SPONSORED BY STEP UP FOR SOLDIERS, WE STRIVE TO NOT ONLY ENHANCE THEIR LIVES AND THOSE OF THEIR FAMILIES BUT ALSO TO RESTORE THEIR CONFIDENCE AND POSITIVE SELF IMAGE.

Program Service Accomplishments

Program 1

HOME MODIFICATIONS AND ASSISTANCE WERE PROVIDED TO DISABLED SOLDIERS RECENTLY RETURNING HOME TO NORTH CAROLINA

Program 2

THE ORGANIZATION HAS CONSTRUCTED A SINGLE FAMILY RESIDENCE FOR THE USE OF RETURNING VETERANS TO USE WHILE ATTENDING SCHOOL. TOTAL CAPITALIZED COSTS FOR THIS PROJECT INCLUDING LAND AND BUILDING TOTAL...

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THE ORGANIZATION HAS CONSTRUCTED A SINGLE FAMILY RESIDENCE FOR THE USE OF RETURNING VETERANS TO USE WHILE ATTENDING SCHOOL. TOTAL CAPITALIZED COSTS FOR THIS PROJECT INCLUDING LAND AND BUILDING TOTAL 206,448 FROM INCEPTION TO DATE. THIS RESIDENCE WAS SOLD FOR 238,840 DURING DECEMBER 2020 AND THE INTENTION IS TO DISTRIBUTE THE PROCEEDS TO QUALIFED CHARITIES WITH EMPHASIS ON SERVING VETERANS IN THE NEAR FUTURE.

Program 3

THE ORGANIZATION PROVIDED LIMITED ASSISTANCE IN THE FORM OF SCHOLARSHIPS TO RETURNING VETERANS WHO ENROLL IN SCHOOL.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $16,731
Program Service Revenue $0
Investment Income $32,653
Other Revenue $0
TOTAL REVENUE $49,384

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,472
Other Expenses $9,877
TOTAL EXPENSES $9,877

Year-over-Year Comparison

2020 2019 Change
Revenue $49,384 $78,465 -0.4%
Expenses $9,877 $33,942 -0.7%
Net Income $39,507 $44,523 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
N/A

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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES KELLY BOARDMEMBER N/A
Director
$0 $0 $0
THOMAS RUSSELL DIRECTOR N/A
Officer Director
$0 $0 $0
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
2020 $49,384 $9,877 $332,971 $39,507
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