STEPS INC

EIN: 541209110 501(c)(3)

FARMVILLE, VA

Total Revenue
$7,024,353
Total Expenses
$7,161,236
Total Assets
$4,819,230
Net Assets
$2,788,668
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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
VA
Principal Officer
SHARON L HARRUP
Phone
4343155909
Tax Period
2023-07-01 to 2024-06-30

STEPS INC, founded in 1982, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2018. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

STEPS, INC. IS AN EXTREMELY DIVERSIFIED COMMUNITY ACTION AGENCY WHICH DELIVERS SERVICES TO THOSE IN NEED. SERVICES ARE DELIVERED UNDER FOUR PILLARS OF SERVICE: WORKFORCE DEVELOPMENT - STEPS PROVIDES JOB TRAINING AND EMPLOYMENT OPPORTUNITIES TO CITIZENS LIVING WITH DISABILITIES, INDIVIDUALS WHO WANT TO EXIT THE WELFARE SYSTEM AND SENIOR CITIZENS LIVING BELOW THE POVERTY LEVEL; ECONOMIC DEVELOPMENT - STEPS IS A MAJOR EMPLOYER IN OUR REGION AND IN ADDITION OPERATES TWO COMMERCIAL LINES OF BUSINESS: SECURE DOCUMENT SHREDDING AND OPERATION OF A REGIONAL RECYCLING CENTER; HOUSING - STEPS PROVIDES SERVICES TO ALLEVIATE AND/OR PREVENT HOMELESSNESS AND SERVES AS A PARTNER TO DOMINION POWER IN THEIR ENERGYSHARE PROGRAM, MEETING HEATING AND COOLING NEEDS; EDUCATION - STEPS WORKS WITH STUDENTS WITH DISABILITIES WHO ARE TRANSITIONING FROM THE PUBLIC EDUCATION SYSTEM AND OPERATES HEAD START AND EARLY HEAD START SERVICES.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,430,252
Program Service Revenue $576,563
Investment Income $12,093
Other Revenue $5,445
TOTAL REVENUE $7,024,353

Expense Breakdown

Grants Paid $834,740
Salaries & Benefits $4,444,098
Fundraising Expenses $54,391
Program Expenses $6,532,703
Other Expenses $1,882,398
TOTAL EXPENSES $7,161,236

Year-over-Year Comparison

2023 2022 Change
Revenue $7,024,353 $7,736,219 -0.1%
Expenses $7,161,236 $7,008,456 +0.0%
Net Income $-136,883 $727,763 -1.2%
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
17
Independent Members
16
Employees
195
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
4
$0
Total Directors
16
$0
Key Employees
1
$150,749
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERESA DAVIS TREASURER 1.00
Officer Director
$0 $0 $0
CRYSTAL BAKER SECRETARY 1.00
Officer Director
$0 $0 $0
MATTHEW FRIEDMAN DIRECTOR / ATTORNEY 1.00
Director
$0 $0 $0
SARA MILLER EARLY CHILDHOOD EDUCATION 1.00
Director
$0 $0 $0
HARRY BRYANT GOVERNMENT REP 1.00
Director
$0 $0 $0
PAUL STIMPSON III GOVERNMENT REP 1.00
Director
$0 $0 $0
EDWARD PENNINGTON GOVERNMENT REP 1.00
Director
$0 $0 $0
GEORGE TOTH III GOVERNMENT REP 1.00
Director
$0 $0 $0
JERRY TOWNSEND GOVERNMENT REP 1.00
Director
$0 $0 $0
DEBRA ADAMS CHAIR 1.00
Officer Director
$0 $0 $0
VAN H PETTY SR IND LIVING IN POVERTY REP 1.00
Director
$0 $0 $0
PATRICIA HARPER-TUNLEY IND LIVING IN POVERTY REP 1.00
Director
$0 $0 $0
SHANNON REED IND LIVING IN POVERTY REP 1.00
Director
$0 $0 $0
BETTY LOU WEAVER IND LIVING IN POVERTY REP 1.00
Director
$0 $0 $0
LINDA PAIGE VICE CHAIR 1.00
Officer Director
$0 $0 $0
DEXTER JONES GOVERNMENT REP 1.00
Director
$0 $0 $0
SHARON HARRUP PRESIDENT & CEO 40.00
Key Emp
$128,300 $22,449 $150,749
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 No data No data No data No data
2024 $7,024,353 $7,161,236 $4,819,230 $-136,883
2023 $7,736,219 $7,008,456 $4,879,501 $727,763
2022 $7,256,385 $6,686,140 $3,388,656 $570,245
2021 $6,411,460 $6,387,540 $2,487,018 $23,920
2020 $5,882,358 $5,576,317 $2,575,925 $306,041
2019 $5,172,279 $5,166,137 $2,244,772 $6,142
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