Civic Intelligence

Stepstone Academy

990 • Fiscal year 2020 • EIN 45-4870208

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 18, 2021

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

100th percentile

6.52x

Higher debt load relative to assets than 100% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

93rd percentile

3.13x

Higher debt load relative to revenue than 93% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

13th percentile

-25%

Higher net margin than 13% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

1st percentile

-54%

Faster asset growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

76th percentile

21%

Faster revenue growth than 76% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$875,876

Down $1,038,125 (-54%) from 2019

Net Assets

Down

-$4,835,892

Down $452,664 (-10%) from 2019

Liabilities

Down

$5,711,768

Down $585,461 (-9.3%) from 2019

Revenue

Up

$1,822,454

Up $315,226 (+21%) from 2019

Expenses

Down

$2,275,118

Down $174,379 (-7.1%) from 2019

Net Income

Up

-$452,664

Up $489,605 (+52%) from 2019

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

2020

Assets$875,876
Liabilities$5,711,768
Net Assets-$4,835,892

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

2020

Revenue$1,822,454
Expenses$2,275,118
Net Income-$452,664
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 18, 2021
Return Version
2019v5.0
Gross Receipts
$1,822,454
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$155,100$106,999▼ $48,101
Cash and Non-Interest-Bearing Accounts$28,543$39,396▲ $10,853
Pledges and Grants Receivable$48,544$17,574▼ $30,970
Prepaid Expenses and Deferred Charges$5,189$5,211▲ $22
Total Assets$1,914,001$875,876▼ $1,038,125
Other Assets Total$1,676,625$706,696▼ $969,929
Liabilities
Other Liabilities$4,330,042$3,427,338▼ $902,704
Accounts Payable and Accrued Expenses$1,967,187$2,284,430▲ $317,243
Total Liabilities$6,297,229$5,711,768▼ $585,461
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-4,383,228$-4,835,892▼ $452,664
Total Net Assets Fund Balance$-4,383,228$-4,835,892▼ $452,664
Total Liabilities and Net Assets / Fund Balance$1,914,001$875,876▼ $1,038,125

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$297,458$0
Land$0-$0
Equipment$98,378$448,259$0
Leasehold Improvements$8,621$21,862$0
Other Assets Org$77,916--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Chris ArnoldBoard Member
Ellen Burts-CooperBoard Member
Jeff ThompsonBoard Member
Thomas CarlsonBoard Member
Tiffany CollinsBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Ohio Guidestone IncManagement and Operational202 E Bagley Road, Berea, OH 44017$1,439,859
Revenue and Support

Revenue Composition

Contributions and Grants
$1,822,454
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,822,454
Change in Net Assets
$-452,664

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,822,454
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,822,454
Total Revenue per Form 990
$1,822,454
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,365,024
Other Expenses$910,094
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,173,446--$1,173,446
Occupancy$517,353--$517,353
Other Employee Benefits$191,578--$191,578
Fees for Services Other$175,580--$175,580
Other Expenses$72,432$0$0$72,432
Depreciation Depletion$48,101--$48,101
Fees for Services Accounting$32,227--$32,227
Fees for Services Legal-$8,328-$8,328
Total Functional Expenses$2,235,414$39,704$0$2,275,118

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,275,118
Total Expenses per Audited Statements$2,275,118
Total Expenses per Form 990$2,275,118
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$1,539,799
Deferred Inflows of Resources Pension$1,399,634
Deferred Inflows of Resources OPEB$281,149
Net OPEB Liability$143,929
Deferred Fundraising Revenue$62,827
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 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
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
2021-01-18

Organization Details

Principal Officer
C David Massa
Formed
2012
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03889524
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt04119236
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt014541362
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt098378
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0448259
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0546637
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02275118
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt08621
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt021862
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt030483
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt088230
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1540550
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt277916
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Net OPEB Asset
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflows of Resources Pension
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Deferred Outflows of Resources OPEB
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0297458
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0297458
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01539799
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1143929
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt262827
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31399634
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4281149
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net OPEB Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Deferred Fundraising Revenue
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Deferred Inflows of Resources Pension
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Deferred Inflows of Resources OPEB
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01822454
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0106999
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0706696
IRS990ScheduleD/TotalExpensesPerForm990Amt02275118
IRS990ScheduleD/TotalLiabilityAmt03427338
IRS990ScheduleD/TotalRevenuePerForm990Amt01822454
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01822454
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02275118
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01914001
IRS990/TotalAssetsEOYAmt0875876
IRS990/TotalAssetsGrp/BOYAmt01914001
IRS990/TotalAssetsGrp/EOYAmt0875876
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01822454
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt039704
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02235414
IRS990/TotalFunctionalExpensesGrp/TotalAmt02275118
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06297229
IRS990/TotalLiabilitiesEOYAmt05711768
IRS990/TotalLiabilitiesGrp/BOYAmt06297229
IRS990/TotalLiabilitiesGrp/EOYAmt05711768
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-4383228
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-4835892
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt02235414
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01822454
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01914001
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0875876
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0219 E Maple St Ste 202
IRS990/USAddress/CityNm0North Canton
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044720
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd01
ReasonableCauseExplanation/ExplanationTxt0The school waited for final audited financial statements prior to filing the Form 990.
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0C David Massa
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum03305150572
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-01-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STEPSTONE ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0STEP
ReturnHeader/Filer/EIN0454870208
ReturnHeader/Filer/PhoneNum04402606400
ReturnHeader/Filer/USAddress/AddressLine1Txt02121 East 32nd Street

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