Civic Intelligence

Stepping Stones Charter Elementary Inc.

990 • Fiscal year 2023 • EIN 33-1073903

Sep 01, 2022 to Aug 31, 2023 • Filed on Apr 15, 2024

Organization Profilewww.stepcharter.org
11250 S WilcrestHouston, TX 77099

(281) 988-7797

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.77x

Higher debt load relative to assets than 89% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

77th percentile

0.64x

Higher debt load relative to revenue than 77% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

42nd percentile

0.9%

Higher net margin than 42% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

72nd percentile

$186,700

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

99th percentile

305%

Faster asset growth than 99% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

52nd percentile

7.4%

Faster revenue growth than 52% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$7,541,761

Up $5,680,709 (+305%) from 2022

Net Assets

Up

$1,767,922

Up $76,903 (+4.5%) from 2022

Liabilities

Up

$5,773,839

Up $5,603,806 (+3296%) from 2022

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin42nd percentile

Revenue

Up

$8,955,481

Up $617,663 (+7.4%) from 2022

Expenses

Up

$8,878,578

Up $692,749 (+8.5%) from 2022

Net Income

Down

$76,903

Down $75,086 (-49%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2020: $2,069,148Liabilities 2020: $1,186,335Net Assets 2020: $882,8132020Assets 2021: $1,715,677Liabilities 2021: $176,647Net Assets 2021: $1,539,0302021Assets 2022: $1,861,052Liabilities 2022: $170,033Net Assets 2022: $1,691,0192022Assets 2023: $7,541,761Liabilities 2023: $5,773,839Net Assets 2023: $1,767,9222023Assets 2024: $7,472,647Liabilities 2024: $5,236,526Net Assets 2024: $2,236,1212024

Highlighted filing

2023

Assets$7,541,761
Liabilities$5,773,839
Net Assets$1,767,922
Open 2023 Filing

Operations Trend

Revenue Growth52nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2020: $6,560,317Expenses 2020: $6,779,379Net Income 2020: -$219,0622020Revenue 2021: $7,670,053Expenses 2021: $7,013,836Net Income 2021: $656,2172021Revenue 2022: $8,337,818Expenses 2022: $8,185,829Net Income 2022: $151,9892022Revenue 2023: $8,955,481Expenses 2023: $8,878,578Net Income 2023: $76,9032023Revenue 2024: $10,368,659Expenses 2024: $9,702,051Net Income 2024: $666,6082024

Highlighted filing

2023

Revenue$8,955,481
Expenses$8,878,578
Net Income$76,903
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Apr 15, 2024
Return Version
2022v5.0
Gross Receipts
$8,955,481
Mission and Program Overview

Mission

Open Enrollment Public Charter Elementary School - Grades pre-K through 8th

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$565,137$908,675▲ $343,538
Pledges and Grants Receivable$751,288$670,428▼ $80,860
Land, Buildings, and Equipment, Net$521,519$583,849▲ $62,330
Prepaid Expenses and Deferred Charges$23,108$70,305▲ $47,197
Accounts Receivable-$8,700-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$5,816,727$7,541,761▲ $1,725,034
Other Assets Total$3,955,675$5,299,804▲ $1,344,129
Liabilities
Unsecured Notes Loans Payable$3,955,675$5,360,197▲ $1,404,522
Deferred Revenue$350$224,604▲ $224,254
Accounts Payable and Accrued Expenses$169,683$189,038▲ $19,355
Total Liabilities$4,125,708$5,773,839▲ $1,648,131
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,169,499$1,162,547▼ $6,952
Net Assets Without Donor Restrictions$521,520$605,375▲ $83,855
Total Net Assets Fund Balance$1,691,019$1,767,922▲ $76,903
Total Liabilities and Net Assets / Fund Balance$5,816,727$7,541,761▲ $1,725,034

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$565,025$657,589$1,222,614
Equipment$3,409$45,816$49,225
Other Land Buildings$15,415$1,713$17,128
Other Assets Org$5,299,804--
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
William ClarkSuperintendentFT$186,700$186,700

Board Members and Trustees

NameTitle
Rosa WoodforkBoard President
Stacy SederisVice President
Brenda ScottBoard Member
Debra GreenwoodSecretary
Mark Eyring CPATreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
The Healthy Lunch BoxFood=CateringW Greens Rd, Houston, TX 77067$491,417
Petereit Investments IncBuilding Rent8220 Louetta Rd 162, Spring, TX 77379$456,407
The Walden School IncBuilding Rent11250 South Wilcrest, Houston, TX 77099$295,200
Asantos RemodelingMtce,repair,remodeling3624 Eppington Drive, Houston, TX 77066$137,881
Abundmer IncBuilding Rent10627 Kinghurst Dr, Houston, TX 77099$114,209
Revenue and Support

Revenue Composition

Contributions and Grants
$8,924,426
Program Service Revenue
$29,539
Investment Income
$1,516
Other Revenue
$0
All Other Contributions
$6,218
Change in Net Assets
$76,903

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,955,481
Total Revenue per Audited Statements
$8,955,481
Total Revenue per Form 990
$8,955,481
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,471,306
Other Expenses$3,407,272
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,515,756$207,970-$4,723,726
Occupancy$22,005$1,008,301-$1,030,306
Other Employee Benefits$465,828$24,190-$490,018
All Other Expenses$280,521$84,906-$365,427
Other Expenses$17,340$199,315-$199,315
Fees for Services Other$196,829$535-$197,364
Current Officers, Directors, Trustees, and Key Employees-$186,700-$186,700
Depreciation Depletion-$101,661-$101,661
Payroll Taxes$65,200$5,662-$70,862
Travel$46,454$1,248-$47,702
Insurance-$29,335-$29,335
Fees for Services Accounting-$23,560-$23,560
Fees for Services Legal-$788-$788
Total Functional Expenses$6,632,778$2,245,800$0$8,878,578

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,878,578
Total Expenses per Audited Statements$8,878,578
Total Expenses per Form 990$8,878,578
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Superint's parentannual rent for buildingNo$295,200

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A copy of Form 990 is presented to the Board after completion for review.”

Form 990, Part VI, Section B, Line 15A

“The Board of Directors seeks input from outside services and compares data of other schools before making the decision on the Superintendant's salary in closed session.”

Form 990, Part VI, Section B, Line 15B

“The superintendant is the only officer/key employee at this time.”

Form 990, Part VI, Section C, Line 19

“Upon request and financial statements are sent to the Texas Education Agency and posted on their website. The school budget is available on the school's website.”

Filing and Contact Details

Filer

Filer Name
Stepping Stones Charter Elementary
EIN
33-1073903
Phone
2819887797
Address
11250 S Wilcrest, Houston, TX 77099

Signing Officer

Name
William Clark
Title
Superintendent
Signed
2024-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Clark
Formed
2004
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
117

Preparer

Firm
Belt Harris Pechacek Lllp
Address
3210 BINGLE ROAD SUITE 300, HOUSTON, TX 77055
Preparer
Stephanie E Harris
Phone
7132631123
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IRS990/OccupancyGrp/ManagementAndGeneralAmt01008301
IRS990/OccupancyGrp/ProgramServicesAmt022005
IRS990/OccupancyGrp/TotalAmt01030306
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03955675
IRS990/OtherAssetsTotalGrp/EOYAmt05299804
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt024190
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0465828
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0490018
IRS990/OtherExpensesGrp/Desc0Food & Food Supplies
IRS990/OtherExpensesGrp/Desc1Supplies
IRS990/OtherExpensesGrp/Desc2Maintenance & Repairs
IRS990/OtherExpensesGrp/Desc3Utilities
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt027209
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1344420
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2199315
IRS990/OtherExpensesGrp/ProgramServicesAmt0623579
IRS990/OtherExpensesGrp/ProgramServicesAmt1399266
IRS990/OtherExpensesGrp/ProgramServicesAmt217340
IRS990/OtherExpensesGrp/TotalAmt0623579
IRS990/OtherExpensesGrp/TotalAmt1426475
IRS990/OtherExpensesGrp/TotalAmt2361760
IRS990/OtherExpensesGrp/TotalAmt3199315
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0207970
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04515756
IRS990/OtherSalariesAndWagesGrp/TotalAmt04723726
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05662
IRS990/PayrollTaxesGrp/ProgramServicesAmt065200
IRS990/PayrollTaxesGrp/TotalAmt070862
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0751288
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0670428
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt023108
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt070305
IRS990/PrincipalOfficerNm0William Clark
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Misc local revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt029539
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt029539
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt08320328
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0220
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02870569
IRS990/PYProgramServiceRevenueAmt017270
IRS990/PYRevenuesLessExpensesAmt0151989
IRS990/PYSalariesCompEmpBnftPaidAmt05315260
IRS990/PYTotalExpensesAmt08185829
IRS990/PYTotalRevenueAmt08337818
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt076903
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt08953965
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt03409
IRS990ScheduleD/EquipmentGrp/DepreciationAmt045816
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt049225
IRS990ScheduleD/ExpensesSubtotalAmt08878578
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0565025
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0657589
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01222614
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05299804
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Right-to-use assets
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt015415
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01713
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt017128
IRS990ScheduleD/RevenueSubtotalAmt08955481
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0583849
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05299804
IRS990ScheduleD/TotalExpensesPerForm990Amt08878578
IRS990ScheduleD/TotalRevenuePerForm990Amt08955481
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08955481
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08878578
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0STEP Charter operates as a public charter school in Texas and, as such, receives revenue from the Texas Education Agency and related state and federal agencies as entitlements and/or grants.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0186700
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0William Clark
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Superintendent
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0186700
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0The Walden School Inc
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Superint's parent
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0295200
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0annual rent for building
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of Form 990 is presented to the Board after completion for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors seeks input from outside services and compares data of other schools before making the decision on the Superintendant's salary in closed session.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The superintendant is the only officer/key employee at this time.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Upon request and financial statements are sent to the Texas Education Agency and posted on their website. The school budget is available on the school's website.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,541,761
Liabilities
$5,773,839
Net assets
$1,767,922
Revenue
$8,955,481
Expenses
$8,878,578
Net income
$76,903
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.47$5.24$2.24$10.4$9.70$0.67
2023Detailed filing. Detailed filing data is available for this year.$7.54$5.77$1.77$8.96$8.88$0.08
2022Detailed filing. Detailed filing data is available for this year.$1.86$0.17$1.69$8.34$8.19$0.15
2021Detailed filing. Detailed filing data is available for this year.$1.72$0.18$1.54$7.67$7.01$0.66
2020Detailed filing. Detailed filing data is available for this year.$2.07$1.19$0.88$6.56$6.78$0.22