STEPS PROGRAM INC

EIN: 383849052 501(c)(3) Education

CLARKSBURG, MD

Total Revenue
$3,824,441
Total Expenses
$3,292,974
Total Assets
$2,822,812
Net Assets
$2,496,098
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
VT
Principal Officer
AARON RAKOW
Phone
8887321022
Tax Period
2024-07-01 to 2025-06-30

STEPS PROGRAM INC, founded in 2011, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $3.3M left a modest 14% surplus.

Mission

TO PROMOTE INCLUSIVITY AND EQUAL ACCESSIBILITY IN THE ACADEMIC, SOCIAL, AND VOCATIONAL LEARNING PROGRAMS WE PROVIDE VIA AN ATMOSPHERE OF ACADEMIC DIGNITY, INDIVIDUALIZED SERVICE AND COLLEGE-BASED LEARNING FOR ALL.

Program Service Accomplishments

Program 1
Expenses: $3,199,918 Revenue: $3,368,545

COLLEGE STEPS PARTNERS WITH COLLEGES TO PROVIDE INDIVIDUALIZED COLLEGE SUPPORT FOR STUDENTS LIVING WITH SOCIAL OR LEARNING CHALLENGES. COLLEGE STEPS OFFERS ITS SUPPORT PROGRAM TO STUDENTS FOR WHOM...

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COLLEGE STEPS PARTNERS WITH COLLEGES TO PROVIDE INDIVIDUALIZED COLLEGE SUPPORT FOR STUDENTS LIVING WITH SOCIAL OR LEARNING CHALLENGES. COLLEGE STEPS OFFERS ITS SUPPORT PROGRAM TO STUDENTS FOR WHOM NAVIGATING COLLEGE IS CHALLENGED BY SOCIAL, ACADEMIC, OR LEARNING BARRIERS. IT PROVIDES SERVICES TO BOTH HIGH SCHOOL STUDENTS INTERESTED IN LEARNING ABOUT COLLEGE LIFE PRIOR TO HIGH SCHOOL GRADUATION AS WELL AS ENROLLED COLLEGE STUDENTS. EACH STUDENT PARTICIPATING IN COLLEGE STEPS RECEIVES AN INDIVIDUALIZED COLLEGE PLAN THAT HELPS TO HIGHLIGHT THEIR GOALS AND AREAS OF NEEDED SUPPORT WITHIN ACADEMIC, SOCIAL, INDEPENDENT LIVING, AND VOCATIONAL CATEGORIES. COLLEGE STEPS' COLLEGE CAMPUS SUPPORTS ARE MANAGED BY A FULL-TIME PROGRAM COORDINATOR ON EACH CAMPUS WHO SUPPORTS COLLEGE STEPS' STUDENTS IN THE FOLLOWING WAYS (A) WORKS WITH STUDENTS TO DEVISE AND REFINE AN INDIVIDUALIZED COLLEGE PLAN (ICP) THAT OUTLINES THE STUDENT'S ACADEMIC, VOCATIONAL, SOCIAL, AND INDEPENDENT LIVING GOALS AND SERVES AS A WORKING ROAD MAP FOR COLLEGE SUCCESS, (B) MEETS WITH STUDENTS DAILY TO ENSURE ACADEMIC GOALS ARE BEING MET AND SUPPORT IS BEING MOST EFFICIENTLY PROVIDED, (C) INTERFACES WITH FAMILY MEMBERS TO ENSURE FREQUENT AND DETAILED FEEDBACK ON STUDENT PERFORMANCE IS CONVEYED, (D) INTERFACES WITH COLLEGE FACULTY, ADMINISTRATORS, STAFF AND STUDENTS TO COORDINATE AND SUPPORT THE INDIVIDUALIZED NEEDS OF EACH STUDENT, (E) SUPERVISES COLLEGE STEPS NETWORK OF ON-CAMPUS PEER MENTORS. COLLEGE STEPS ALSO CAREFULLY SELECTS, TRAINS, AND EMPLOYS A TEAM OF UNDERGRADUATE STUDENTS AT THE PARTNERING COLLEGE. PEER MENTORS PROVIDE SUPPORT WITH ACADEMICS (E.G. SUPPORTIVE TIME STUDY, ORGANIZATIONAL SUPPORT, ETC) AND VOCATIONAL INTERNSHIPS, AS WELL AS HELP LINK COLLEGE STEPS SCHOLARS TO THE SOCIAL ELEMENT OF COLLEGE LIFE VIA INTRODUCTION TO NEW CLUBS OR ACTIVITIES, SOCIAL GROUPS, AND EXTRACURRICULAR EVENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $392,303
Program Service Revenue $3,365,091
Investment Income $61,585
Other Revenue $5,462
TOTAL REVENUE $3,824,441

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,978,546
Fundraising Expenses $0
Program Expenses $3,199,918
Other Expenses $314,428
TOTAL EXPENSES $3,292,974

Year-over-Year Comparison

2024 2023 Change
Revenue $3,824,441 $3,298,389 +0.2%
Expenses $3,292,974 $3,068,749 +0.1%
Net Income $531,467 $229,640 +1.3%
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
7
Independent Members
5
Employees
289
Volunteers
8

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
5
$306,067
Total Directors
7
$306,067
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON RAKOW CEO 40.00
Officer Director
$107,399 $180 $107,579
LAUREN MERRITT COO 40.00
Officer Director
$166,417 $32,071 $198,488
TED YOUNG CHAIR 1.50
Officer Director
$0 $0 $0
PATRICIA PRELOCK SECRETARY 1.50
Officer Director
$0 $0 $0
GEORGE DALY TREASURER 1.50
Officer Director
$0 $0 $0
JENNIFER MARKOWITZ TRUSTEE 1.50
Director
$0 $0 $0
DAVE KEARON TRUSTEE 1.50
Director
$0 $0 $0
WILLIAM BLUM DIRECTOR OF FINANCE 40.00
Highest
$112,838 $10,028 $122,866
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 $3,824,441 $3,292,974 $2,822,812 $531,467
2024 $3,298,389 $3,068,749 $2,372,574 $229,640
2023 $2,961,017 $2,696,572 $2,082,030 $264,445
2022 $2,826,005 $2,552,316 $1,865,971 $273,689
2021 $2,595,775 $2,346,543 $1,679,385 $249,232
2018 $2,061,394 $2,014,230 $1,253,963 $47,164
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