Steps of Love

“The Board Treasurer prepares and reviews the 990. As of the time of this filing, the Steps of Love Board of Directors was no longer active due to the merger with Esperanca, Inc. on 10/1/21. However, copies of the 990 were provided to two former Steps of Love board members who are currently serving on the Esperanca board. No further review was or will be conducted.”

“Each director is provided with and asked to review and sign a copy of the Conflict of Interest Policy. Annually each director completes a disclosure form identifying any relationships, positions, or circumstances in which s/he is involved that she or he believes could contribute to a conflict of interest.”

“Governing documents, Conflict of Interest Policy, and financial statements are submitted to the Board of Directors for review and are available to the public upon request. Annual financial statements are also available on the Steps of Love website.”

“Center for Attention and Therapies for Children (CATI Program) - this was a pilot program in 2020 and became a fully operating Program Service in January 2021. See Part III, Line 4c for more details.”

“Based upon the 10/1/21 merger agreement between Steps of Love and Esperanca, Inc., all program services listed in Part III continued, but they were supported by Esperanca instead of Steps of Love beginning on 10/1/21.”

“Column B: End of Year Actual Cash per 9/30/21 Balance Sheet = $247,400. The cash became Esperanca's on 10/1/21 after the merger with Steps of Love (see Schedule N). However, because this is a final 990, assets and liabilities had to be shown as zero, otherwise an error message occurred and the form could not be filed. These adjustments were made on the 990 to resolve this issue.”

“Column B: End of Year Actual Accounts Payable per 9/30/21 Balance Sheet = $58. The liabilities became Esperanca's on 10/1/21 after the merger with Steps of Love (see Schedule N). However, because this is a final 990, assets and liabilities had to be shown as zero, otherwise an error message occurred and the form could not be filed. These adjustments were made on the 990 to resolve this issue.”

“Column B: End of Year Actual Net Assets Without Donor Restrictions per 9/30/21 Balance Sheet = $247,342 (Cash of $247.400 minus Accounts Payable of $58). The assets and liabilities became Esperanca's on 10/1/21 after the merger with Steps of Love (see Schedule N). However, because this is a final 990, assets and liabilities had to be shown as zero, otherwise an error message occurred and the form could not be filed. These adjustments were made on the 990 to resolve this issue.”

“Column B: End of Year Actual Total Net Assets per 9/30/21 Balance Sheet = $247,342 (Cash of $247.400 minus Accounts Payable of $58). The assets and liabilities became Esperanca's on 10/1/21 after the merger with Steps of Love (see Schedule N). However, because this is a final 990, assets and liabilities had to be shown as zero, otherwise an error message occurred and the form could not be filed. These adjustments were made on the 990 to resolve this issue.”

“Column B: End of Year Actual Total Liabilities and Net Assets per 9/30/21 Balance Sheet = $247,400 (Net Assets of $247,342 plus Accounts Payable of $58). The assets and liabilities became Esperanca's on 10/1/21 after the merger with Steps of Love (see Schedule N). However, because this is a final 990, assets and liabilities had to be shown as zero, otherwise an error message occurred and the form could not be filed. These adjustments were made on the 990 to resolve this issue.”

“Actual 9/30/21 Balance sheet: Cash $247,400, Accounts Payable $58 = Net assets $247,342. The net assets became Esperanca's on 10/1/21 after the merger with Steps of Love (see Schedule N). However, because this is a final 990, assets and liabilities had to be shown as zero, otherwise an error message occurred and the form could not be filed. These adjustments were made on the 990 to resolve this issue.”