STRATEGIES TO ELEVATE PEOPLE RICHMOND

EIN: 541449318 501(c)(3)

RICHMOND, VA

Total Revenue
$487,406
Total Expenses
$430,545
Total Assets
$578,488
Net Assets
$570,205
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
VA
Principal Officer
TIMOTHY COLE
Phone
8046487552
Tax Period
2024-01-01 to 2024-12-31

STRATEGIES TO ELEVATE PEOPLE RICHMOND, founded in 1988, is a small nonprofit that reported $337K in total revenue in fiscal year 2018. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $300K left a modest 11% surplus.

Mission

GROUNDED IN THE PERFECT WORD OF GOD AND GUIDED BY THE HOLY SPIRIT, STRATEGIES TO ELEVATE PEOPLE, RICHMOND ("STEP") FOSTERS RELATIONSHIPS AMONG RICHMOND NEIGHBORS TO MINISTER TO OUR MUTUAL NEED FOR PURPOSE, OPPORTUNITY, AND FELLOWSHIP THROUGH PROGRAMS THAT SOW HOPE, SUPPORT EDUCATIONAL ACHIEVEMENT AND PREPARE INDIVIDUALS FOR EMPLOYMENT.

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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 $467,852
Program Service Revenue $0
Investment Income $14,251
Other Revenue $5,303
TOTAL REVENUE $487,406

Expense Breakdown

Grants Paid $0
Salaries & Benefits $302,363
Fundraising Expenses $10,567
Program Expenses $350,191
Other Expenses $128,182
TOTAL EXPENSES $430,545

Year-over-Year Comparison

2024 2023 Change
Revenue $487,406 $441,397 +0.1%
Expenses $430,545 $389,430 +0.1%
Net Income $56,861 $51,967 +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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Governance

Voting Members
14
Independent Members
14
Employees
10
Volunteers
60

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
3
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBIN ANDREWS DIRECTOR N/A
Director
$0 $0 $0
CHRIS BRUCH DIRECTOR N/A
Director
$0 $0 $0
JENNING COTTEN DIRECTOR N/A
Director
$0 $0 $0
ELAINE COX DIRECTOR N/A
Director
$0 $0 $0
LEE HATCHER BOARD CHAIRM N/A
Officer Director
$0 $0 $0
JOE HERBST DIRECTOR N/A
Director
$0 $0 $0
CHRIS HOLMES DIRECTOR N/A
Director
$0 $0 $0
JOHN MORTON DIRECTOR N/A
Director
$0 $0 $0
JEANNE OOSTDYK DIRECTOR N/A
Director
$0 $0 $0
KIM PARENT DIRECTOR N/A
Director
$0 $0 $0
LEX STRICKLAND SECRETARY N/A
Officer Director
$0 $0 $0
WILLIAM VAN THUNEN DIRECTOR N/A
Director
$0 $0 $0
GEOFF WHITE DIRECTOR N/A
Director
$0 $0 $0
FRED WHITTEN TREASURER 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
2025 No data No data No data No data
2024 $487,406 $430,545 $578,488 $56,861
2023 $441,397 $389,430 $524,499 $51,967
2022 $347,983 $316,772 $471,182 $31,211
2021 $360,506 $273,250 $436,026 $87,256
2020 $333,982 $245,249 $350,139 $88,733
2019 $272,011 $254,258 $259,962 $17,753
2018 $336,713 $299,826 $239,828 $36,887
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