Civic Intelligence

Stepstone Academy

990 • Fiscal year 2018 • EIN 45-4870208

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 10, 2019

2121 East 32nd StreetCleveland, OH 44115

(440) 260-6400

Siviq Scores

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

Liabilities / Assets

98th percentile

2.22x

Higher debt load relative to assets than 98% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

90th percentile

1.95x

Higher debt load relative to revenue than 90% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

64th percentile

8.8%

Higher net margin than 64% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

71st percentile

9.3%

Faster asset growth than 71% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

16th percentile

-18%

Faster revenue growth than 16% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,815,760

Up $239,249 (+9.3%) from 2017

Net Assets

Down

-$3,440,959

Down $616,753 (-22%) from 2017

Liabilities

Up

$6,256,719

Up $856,002 (+16%) from 2017

Revenue

Down

$3,202,920

Down $686,604 (-18%) from 2017

Expenses

Down

$2,920,446

Down $1,875,780 (-39%) from 2017

Net Income

Up

$282,474

Up $1,189,176 (+131%) from 2017

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2013: $577,265Liabilities 2013: $1,298,960Net Assets 2013: -$721,6952013Assets 2014: $596,907Liabilities 2014: $984,110Net Assets 2014: -$387,2032014Assets 2015: $1,561,200Liabilities 2015: $3,480,832Net Assets 2015: -$1,919,6322015Assets 2016: $2,227,887Liabilities 2016: $4,145,392Net Assets 2016: -$1,917,5052016Assets 2017: $2,576,511Liabilities 2017: $5,400,717Net Assets 2017: -$2,824,2062017Assets 2018: $2,815,760Liabilities 2018: $6,256,719Net Assets 2018: -$3,440,9592018Assets 2019: $1,914,001Liabilities 2019: $6,297,229Net Assets 2019: -$4,383,2282019Assets 2020: $875,876Liabilities 2020: $5,711,768Net Assets 2020: -$4,835,8922020Assets 2021: $895,230Liabilities 2021: $5,320,821Net Assets 2021: -$4,425,5912021Assets 2022: $2,989,897Liabilities 2022: $6,430,541Net Assets 2022: -$3,440,6442022Assets 2023: $2,806,017Liabilities 2023: $5,379,028Net Assets 2023: -$2,573,0112023Assets 2024: $2,704,147Liabilities 2024: $4,239,024Net Assets 2024: -$1,534,8772024Assets 2025: $3,393,905Liabilities 2025: $4,160,211Net Assets 2025: -$766,3062025

Highlighted filing

2018

Assets$2,815,760
Liabilities$6,256,719
Net Assets-$3,440,959

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $1,788,757Expenses 2013: $2,510,452Net Income 2013: -$721,6952013Revenue 2014: $2,852,351Expenses 2014: $2,539,657Net Income 2014: $312,6942014Revenue 2015: $3,583,896Expenses 2015: $3,491,732Net Income 2015: $92,1642015Revenue 2016: $4,119,236Expenses 2016: $4,117,108Net Income 2016: $2,1282016Revenue 2017: $3,889,524Expenses 2017: $4,796,226Net Income 2017: -$906,7022017Revenue 2018: $3,202,920Expenses 2018: $2,920,446Net Income 2018: $282,4742018Revenue 2019: $1,507,228Expenses 2019: $2,449,497Net Income 2019: -$942,2692019Revenue 2020: $1,822,454Expenses 2020: $2,275,118Net Income 2020: -$452,6642020Revenue 2021: $2,544,012Expenses 2021: $2,133,711Net Income 2021: $410,3012021Revenue 2022: $3,180,213Expenses 2022: $2,212,443Net Income 2022: $967,7702022Revenue 2023: $3,585,592Expenses 2023: $2,717,959Net Income 2023: $867,6332023Revenue 2024: $3,824,051Expenses 2024: $2,785,917Net Income 2024: $1,038,1342024Revenue 2025: $3,744,139Expenses 2025: $2,975,568Net Income 2025: $768,5712025

Highlighted filing

2018

Revenue$3,202,920
Expenses$2,920,446
Net Income$282,474
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 10, 2019
Return Version
2017v2.0
Gross Receipts
$3,202,920
Mission and Program Overview

Mission

The mission of the school is to provide the highest quality education for students that fosters lifelong learning and prepares students to graduate from college and become productive, involved citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$217,895$218,863▲ $968
Cash and Non-Interest-Bearing Accounts$86,672$45,138▼ $41,534
Pledges and Grants Receivable$81,060$44,028▼ $37,032
Prepaid Expenses and Deferred Charges$32,908$30,600▼ $2,308
Accounts Receivable$36,471$6,635▼ $29,836
Total Assets$2,581,804$2,815,760▲ $233,956
Other Assets Total$2,126,798$2,470,496▲ $343,698
Liabilities
Other Liabilities$5,608,567$4,819,773▼ $788,794
Accounts Payable and Accrued Expenses$512,393$1,412,381▲ $899,988
Deferred Revenue$184,277$24,565▼ $159,712
Total Liabilities$6,305,237$6,256,719▼ $48,518
Net Assets / Fund Balance
Permanently Rstr Net Assets$217,895$218,863▲ $968
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-3,941,328$-3,659,822▲ $281,506
Total Net Assets Fund Balance$-3,723,433$-3,440,959▲ $282,474
Total Liabilities and Net Assets / Fund Balance$2,581,804$2,815,760▲ $233,956

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$98,576$0$0
Other Land Buildings$12,104$285,354$0
Land$0-$0
Equipment$92,131$355,930$0
Leasehold Improvements$16,052$14,431$0
Other Assets Org$2,470,496--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carrie KoranBoard Chair
Carl CampbellBoard Member
Chris ArnoldBoard Member
Elizabeth KleinBoard Member
Ellen Burts-CooperBoard Member
Jeff ThompsonBoard Member
Tiffany CollinsBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Ohio Guidestone IncManagement and Operational202 E Bagley Road, Berea, OH 44017$2,638,104
Revenue and Support

Revenue Composition

Contributions and Grants
$3,202,920
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,202,920
Change in Net Assets
$282,474

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,202,920
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$3,202,920
Total Revenue per Form 990
$3,202,920
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,607,296
Salaries, Compensation, and Employee Benefits$1,313,150
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,313,150--$1,313,150
Occupancy$532,358--$532,358
Office Expenses$290,082--$290,082
Other Expenses$225,848$0$0$225,848
Fees for Services Management-$211,601-$211,601
Depreciation Depletion$97,607--$97,607
Fees for Services Accounting$39,451--$39,451
Fees for Services Legal-$33,603-$33,603
Insurance$13,529--$13,529
Advertising$2,365--$2,365
Total Functional Expenses$2,613,262$307,184$0$2,920,446

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,920,446
Total Expenses per Audited Statements$2,920,446
Total Expenses per Form 990$2,920,446
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$3,770,811
Net OPEB Liability$759,400
Deferred Inflows of Resources$289,562
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The school contracted with a management company, Ohio Guidestone Inc, to provide certain operational functions and management services.

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

The Form 990 is prepared and reviewed by the fiscal officer. After the review of the Form 990, it is provided to the Board of Directors legal counsel for review. Once completed, it is then provided to the Board Chair for review and to the Treasurer for signature and filing.

Form 990, Part VI, Section B, Line 12C

The Board of Directors, in conjunction with their legal counsel, consistently review compliance with federal and state regulations. In addition, the school is continuously monitored by its sponsor to ensure compliance with laws and regulations.

Form 990, Part VI, Section C, Line 19

The school's governing documents, conflict of interest policy and financial statements are maintained by its legal counsel and fiscal officer and may be provided upon request.

Filing and Contact Details

Filer

Filer Name
Stepstone Academy
EIN
45-4870208
Phone
4402606400
Address
2121 East 32nd Street, Cleveland, OH 44115

Signing Officer

Name
C David Massa
Title
Treasurer
Phone
3305150572
Signed
2019-02-10

Organization Details

Principal Officer
C David Massa
Formed
2012
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0
Raw XML AppendixShowing 400 of 425 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03202920
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt03202920
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt03889524
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt04119236
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt03583896
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt02852351
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt017647927
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt017647927
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03202920
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03889524
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt04119236
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03583896
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02852351
IRS990ScheduleA/Total509Grp/TotalAmt017647927
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03202920
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03889524
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt04119236
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03583896
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02852351
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt017647927
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt098576
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt098576
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt092131
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0355930
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0448061
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02920446
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt016052
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt014431
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt030483
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02470496
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows of Resources
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt012104
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0285354
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0297458
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03770811
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1759400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2289562
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net OPEB Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Deferred Inflows of Resources
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03202920
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0218863
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02470496
IRS990ScheduleD/TotalExpensesPerForm990Amt02920446
IRS990ScheduleD/TotalLiabilityAmt04819773
IRS990ScheduleD/TotalRevenuePerForm990Amt03202920
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03202920
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02920446
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The school contracted with a management company, Ohio Guidestone Inc, to provide certain operational functions and management services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is prepared and reviewed by the fiscal officer. After the review of the Form 990, it is provided to the Board of Directors legal counsel for review. Once completed, it is then provided to the Board Chair for review and to the Treasurer for signature and filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors, in conjunction with their legal counsel, consistently review compliance with federal and state regulations. In addition, the school is continuously monitored by its sponsor to ensure compliance with laws and regulations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The school's governing documents, conflict of interest policy and financial statements are maintained by its legal counsel and fiscal officer and may be provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02581804
IRS990/TotalAssetsEOYAmt02815760
IRS990/TotalAssetsGrp/BOYAmt02581804
IRS990/TotalAssetsGrp/EOYAmt02815760
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03202920
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0307184
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02613262
IRS990/TotalFunctionalExpensesGrp/TotalAmt02920446
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06305237
IRS990/TotalLiabilitiesEOYAmt06256719
IRS990/TotalLiabilitiesGrp/BOYAmt06305237
IRS990/TotalLiabilitiesGrp/EOYAmt06256719
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-3723433
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-3440959
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt02613262
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03202920
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02581804
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02815760
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-3941328
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-3659822
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0219 E Maple St Ste 202
IRS990/USAddress/CityNm0North Canton

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