Civic Intelligence

Step Up for Students - Florida Inc.

990 • Fiscal year 2021 • EIN 59-3649371

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 10, 2022

Organization ProfileWWW.STEPUPFORSTUDENTS.ORG

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4655 Salisbury Road No 400Jacksonville, FL 32256

(904) 352-2246

Siviq Scores

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

Liabilities / Assets

34th percentile

0.17x

Higher debt load relative to assets than 34% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Liabilities / Revenue

16th percentile

0.15x

Higher debt load relative to revenue than 16% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Net Margin

80th percentile

29%

Higher net margin than 80% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Top Officer Pay

13th percentile

$298,547

Higher top officer pay than 13% of similar nonprofits.

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

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Asset Growth

96th percentile

55%

Faster asset growth than 96% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Revenue Growth

87th percentile

59%

Faster revenue growth than 87% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$918,219,749

Up $327,352,474 (+55%) from 2020

Net Assets

Up

$766,104,599

Up $288,709,571 (+60%) from 2020

Liabilities

Up

$152,115,150

Up $38,642,903 (+34%) from 2020

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin80th percentile

Revenue

Up

$988,357,974

Up $367,653,302 (+59%) from 2020

Expenses

Down

$699,663,403

Down $20,510,984 (-2.8%) from 2020

Net Income

Up

$288,694,571

Up $388,164,286 (+390%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$1.5B$1.0B$500M$0Assets 2015: $449,355,921Liabilities 2015: $10,311,156Net Assets 2015: $439,044,7652015Assets 2017: $518,592,306Liabilities 2017: $37,945,946Net Assets 2017: $480,646,3602017Assets 2018: $589,394,333Liabilities 2018: $75,690,706Net Assets 2018: $513,703,6272018Assets 2019: $697,130,640Liabilities 2019: $120,265,897Net Assets 2019: $576,864,7432019Assets 2020: $590,867,275Liabilities 2020: $113,472,247Net Assets 2020: $477,395,0282020Assets 2021: $918,219,749Liabilities 2021: $152,115,150Net Assets 2021: $766,104,5992021Assets 2022: $1,207,920,053Liabilities 2022: $232,935,432Net Assets 2022: $974,984,6212022

Highlighted filing

2021

Assets$918,219,749
Liabilities$152,115,150
Net Assets$766,104,599
Open 2021 Filing

Operations Trend

Revenue Growth87th percentile

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

$1.0B$500M$0-$500MRevenue 2015: $457,846,020Expenses 2015: $375,779,045Net Income 2015: $82,066,9752015Revenue 2017: $533,633,596Expenses 2017: $568,032,953Net Income 2017: -$34,399,3572017Revenue 2018: $707,661,184Expenses 2018: $674,603,917Net Income 2018: $33,057,2672018Revenue 2019: $717,949,667Expenses 2019: $654,788,551Net Income 2019: $63,161,1162019Revenue 2020: $620,704,672Expenses 2020: $720,174,387Net Income 2020: -$99,469,7152020Revenue 2021: $988,357,974Expenses 2021: $699,663,403Net Income 2021: $288,694,5712021Revenue 2022: $821,870,206Expenses 2022: $612,990,184Net Income 2022: $208,880,0222022

Highlighted filing

2021

Revenue$988,357,974
Expenses$699,663,403
Net Income$288,694,571
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 10, 2022
Return Version
2020v4.1
Gross Receipts
$988,384,004
Mission and Program Overview

Mission

Step up for students empowers families to pursue and engage in the most appropriate learning options for their children, with an emphasis on families who lack the information and financial resources to access these options. By pursuing this mission, we help public education fulfill the promise of equal opportunity.

Step up for students empowers families to pursue and engage in the most appropriate learning options for their children, with an emphasis on families who lack the information and financial resources to access these options. By pursuing this mission, we help public education fulfill the promise of equal opportunity.in 2021, step up for students experienced an increase in contributions and grants and pledge receivable primarily due to the timing of tax credited contributions from donors. The timing differences were primarily the result of the covid-19 pandemic from 2020, during which donors delayed their contributions. The level of pledge commitments determines the number of students the organization can serve on our scholarship programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$402,513,651$621,135,859▲ $218,622,208
Cash and Non-Interest-Bearing Accounts$71,685,413$143,976,692▲ $72,291,279
Land, Buildings, and Equipment, Net$3,028,266$6,507,864▲ $3,479,598
Accounts Receivable$3,398,534$2,575,907▼ $822,627
Prepaid Expenses and Deferred Charges$889,513$542,434▼ $347,079
Savings and Temporary Cash Investments$65,000$116,000▲ $51,000
Total Assets$590,867,275$918,219,749▲ $327,352,474
Other Assets Total$109,286,898$143,364,993▲ $34,078,095
Liabilities
Escrow Account Liability$109,276,186$142,229,767▲ $32,953,581
Accounts Payable and Accrued Expenses$4,196,061$8,738,080▲ $4,542,019
Other Liabilities$0$1,147,303▲ $1,147,303
Total Liabilities$113,472,247$152,115,150▲ $38,642,903
Net Assets / Fund Balance
Net Assets With Donor Restrictions$463,808,684$747,420,383▲ $283,611,699
Net Assets Without Donor Restrictions$13,586,344$18,684,216▲ $5,097,872
Total Net Assets Fund Balance$477,395,028$766,104,599▲ $288,709,571
Total Liabilities and Net Assets / Fund Balance$590,867,275$918,219,749▲ $327,352,474

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,505,240$2,748,442$9,253,682
Leasehold Improvements$2,624$44,920$47,544
Other Assets Org$1,135,226--
Compensation and Service Providers
Top Officer Pay13th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Doug TuthillPresident, SufsFT$272,869$25,678$298,547
Joe PfountzTreasurer & CFO, SufsFT$221,946$24,828$246,774
Gina LynchCOO, SufsFT$185,754$20,056$205,810
Alissa RandallCMO, SufsFT$163,867$38,691$202,558
Carol MacedoniaVP Student Learning (thru 08/2020)FT$114,307$88,215$202,522
Anne WhiteCAO, SufsFT$171,458$22,366$193,824
Lesley SearcyCeao, SufsFT$178,144$6,723$184,867
Jill LaroseVP Leadership DevelopmentFT$148,520$15,355$163,875
Charles ParkerDirector Software & Tech Ops (thru 10/202-$145,565$13,008$158,573
Charles ParkerDirector Software & Tech Ops (thru 10/2020)FT$145,565$12,970$158,535
Susan DuganVP FinanceFT$148,793$6,322$155,115
Jonathan BeckhamCIO, Sufs (thru 09/2020)FT$129,727$22,445$152,172

Board Members and Trustees

NameTitle
John KirtleyChairman, Sufs/director, a
Alfred Al LawsonDirector, Sufs
Alison HertogDirector, Sufs
Curtis StokesDirector, Sufs
John LeggDirector, Sufs
Paul ShermanDirector, Sufs
Richard OutramDirector, Sufs
Terry JoveDirector, Sufs

Highest Paid Contractors

ContractorServicesLocationCompensation
Nlp Logix LLCSoftware Services4215 SOUTHPOINT BLVD SUITE 140, Jacksonville, FL 32216$2,992,301
Solix INCTelecommunication30 LANIDEX PLAZA WEST, Parsippany, NJ 07054$1,519,407
Interactive Resources LLCConsulting ServicesPO BOX 202056, Dallas, TX 75320-2056$748,469
Sap America INCSoftware ServicesPO BOX 7780-824024, Philadelphia, PA 19182-4024$318,003
Aston CarterConsulting Services3689 COLLECTION CENTER DRIVE, Chicago, IL 60693$278,044
Revenue and Support

Revenue Composition

Contributions and Grants
$988,188,946
Program Service Revenue
$117,810
Investment Income
$25,407
Other Revenue
$25,811
All Other Contributions
$975,971,983
Change in Net Assets
$288,694,571

Audited Revenue Reconciliation

Revenue per Audited Statements
$988,397,027
Revenue Not Reported on Financial Statements
$-39,053
Revenue Not Reported on Form 990
$33,613
Other Revenue Adjustments
$-39,053
Total Revenue per Audited Statements
$988,430,640
Total Revenue per Form 990
$988,357,974
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$669,885,344
Salaries, Compensation, and Employee Benefits$19,934,138
Other Expenses$9,843,921
Total Fundraising Expense$2,102,247
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$669,885,344--$669,885,344
Other Salaries and Wages$9,671,727$3,032,354$1,445,393$14,149,474
Other Employee Benefits$1,551,462$437,713$176,147$2,165,322
Current Officers, Directors, Trustees, and Key Employees$282,753$1,561,408-$1,844,161
Office Expenses$1,511,625$29,423$27,045$1,568,093
Payroll Taxes$792,134$309,951$106,142$1,208,227
Occupancy$1,030,062$147-$1,030,209
Depreciation Depletion$915,659$5,332$13,329$934,320
Advertising$697,933$50,853$60,210$808,996
Pension Plan Contributions$348,252$167,742$50,960$566,954
Fees for Services Lobbying$482,783--$482,783
Insurance$288,854$626$105$289,585
Fees for Services Accounting-$156,849-$156,849
Fees for Services Legal-$128,270-$128,270
Travel$61,080$38,641$4,688$104,409
Other Expenses$57,248$3,454$31,694$92,396
All Other Expenses$-91,632--$-91,632
Total Functional Expenses$690,882,777$6,678,379$2,102,247$699,663,403

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$699,849,603
Expenses per Audited Statements$699,663,403
Total Expenses per Form 990$699,663,403
Expenses Not Reported on Form 990$186,200
Expenses Not Reported on Financial Statements$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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$1,147,303
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Form 990 is prepared by the fund's independent cpa firm. After being reviewed by management, the full form 990 informational return is provided to the board of directors for review and comment. The board of directors is also afforded the opportunity to ask questions with respect to the form 990 before the return is filed.”

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

“Step up for students ensures that the conflict of interest policy is adhered to with the following activities: 1) regular education with the board of directors, officers and key staff. Each year, the policy is reviewed with the board of directors and officers. Each board member and officer acknowledges their understanding and compliance by signing a compliance statement. 2) the cfo or cao reviews each contract the organization enters. 3) finance staff and the cao review all payments as they are made for possible conflicts.”

Form 990, Part VI, Section B, Line 15

“The compensation committee of the board of directors reviews comparable compensation and benefits data of similar organizations. During fiscal year 2016, an independent compensation consulting firm conducted a full comparative study for each individual executive position and all non-executive job grades. The committee uses this information, combined with the performance of the president, to recommend the president's compensation package for approval of the full board. The full board approves the package.”

Form 990, Part VI, Section C, Line 19

“Step up for students makes its governing documents, conflict of interest policy and financial statements available on its website, www.stepupforstudents.org. Printed copies are available by request for the same period of disclosure as set forth in irc section 6104(d).”

Filing and Contact Details

Filer

Filer Name
Step Up for Students Inc
EIN
59-3649371
Phone
9043522246
Address
4655 SALISBURY ROAD NO 400, JACKSONVILLE, FL 32256

Signing Officer

Name
Joe Pfountz
Title
CFO
Phone
9043522246
Signed
2022-01-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Pfountz
Formed
2000
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
8
Employees
288
Volunteers
214

Preparer

Firm
Rsm US Llp
Address
7351 OFFICE PARK PLACE, MELBOURNE, FL 32940-8229
Preparer
Juliana Kreul
Phone
3217516200
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“In-kind fixed assets 15,000.”

Form 990, Part XII, Line 2C

“This process has not changed since the prior year.”

Financial Statement Notes

PART IV, LINE 2B:

“In june 2014, legislation created a scholarship for special needs children that was signed into law in florida. A gardiner scholarship account is established for each child that is awarded a special needs scholarship. Parents use this money to personalize the education of their children with unique abilities by directing money towards a combination of programs and state approved providers. These include schools, therapists, specialists, curriculum and technology and college savings accounts. In june 2018, legislation created a scholarship to provide academic support for elementary school students in district or charter schools who struggle in reading that was signed into law in florida. The scholarship is available to students in third through fifth grade who have scored a level 1 or 2 on the english language arts section of the florida standards assessment. Parents use this scholarship to pay for tuition and fees related to part-time tutoring, summer and after-school literacy programs, instructional materials and more. During the years ended june 30, 2021 and 2020, step up for students distributed approximately $153.4 million and $126.2 million, leaving a balance of approximately $142.4 million and $109.2 million respectively, which is recorded in the consolidated statement of financial position as both an asset and a liability. Step up for students is acting as an agent for both of these programs, therefore, there are no revenues and expenses reported on the statement of activities for scholarship funds received and distributed from the state of florida.”

PART X, LINE 2:

“Step up for students is exempt from federal income taxes under section 501(c)(3) of the internal revenue code and from state income taxes under similar provisions of the florida statutes. Accordingly, no provision for federal and state income taxes has been recorded in the financial statements. Step up for students has made an election under section 501(h) of the internal revenue code, which permits certain eligible 501(c)(3) organizations to make limited expenditures to influence legislation. Step up for students would be subject to an excise tax if it spends more than the amounts permitted. Such limits have not been exceeded. The alabama opportunity scholarship fund is a disregarded entity for federal and state income tax purposes and therefore, reports all federal and state tax information through step up for students. Accordingly, no provision for federal and state income taxes has been recorded in the accompanying consolidated financial statements. C2 opportunity scholarships and academics+ opportunity scholarship fund are disregarded entities for federal and state income tax purposes and therefore, reports all federal and state income tax information through step up for students. Accordingly, no provision for federal and state income taxes has been recorded in the accompanying consolidated financial statements. Step up for students follows accounting standards relating to accounting for uncertainty in income taxes. Management assessed whether there were any uncertain tax positions which may give rise to income tax liabilities and determined that there were no such matters requiring recognition in the consolidated financial statements. Generally, step up for students is no longer subject to u.s. Federal or state income tax examinations by tax authorities for years before june 30, 2017.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Investment loss included in other costs in fs -39,053.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Alabama opportunity action fund expenses 128,534. Investment loss included in other costs in fs 39,053.”

Schedule D, Part VI - Land, Buildings and Equipment

“In 2021, step up for students had an increase in software which is the result of the organization's investment in a new software platform to better serve our scholarship students and families. The platform will contain student accounts and will be the platform on which payments to schools, providers, and parents will be recorded. This will be cloud-based, which will allow step up for students to better manage future growth in programs, while enhancing the student/family experience and supporting schools and providers. The new platform will have an artificial intelligence component and workflows to provide a more modern, faster experience for users.”

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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/ActivityOrMissionDesc0STEP UP FOR STUDENTS EMPOWERS FAMILIES TO PURSUE AND ENGAGE IN THE MOST APPROPRIATE LEARNING OPTIONS FOR THEIR CHILDREN, WITH AN EMPHASIS ON FAMILIES WHO LACK THE INFORMATION AND FINANCIAL RESOURCES TO ACCESS THESE OPTIONS. BY PURSUING THIS MISSION, WE HELP PUBLIC EDUCATION FULFILL THE PROMISE OF EQUAL OPPORTUNITY.IN 2021, STEP UP FOR STUDENTS EXPERIENCED AN INCREASE IN CONTRIBUTIONS AND GRANTS AND PLEDGE RECEIVABLE PRIMARILY DUE TO THE TIMING OF TAX CREDITED CONTRIBUTIONS FROM DONORS. THE TIMING DIFFERENCES WERE PRIMARILY THE RESULT OF THE COVID-19 PANDEMIC FROM 2020, DURING WHICH DONORS DELAYED THEIR CONTRIBUTIONS. THE LEVEL OF PLEDGE COMMITMENTS DETERMINES THE NUMBER OF STUDENTS THE ORGANIZATION CAN SERVE ON OUR SCHOLARSHIP PROGRAMS.
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IRS990/Desc0FLORIDA TAX CREDIT SCHOLARSHIP PROGRAM:IN THE 2020-21 SCHOOL YEAR, 104,165 UNDERPRIVILEGED STUDENTS ATTENDED 1,938 PRIVATE SCHOOLS ON A STEP UP FOR STUDENTS' TAX CREDIT SCHOLARSHIP. THE K-12 SCHOLARSHIP PROGRAM WAS CREATED IN 2001 TO HELP ALLEVIATE THE ENORMOUS EDUCATIONAL CHALLENGES FACED BY CHILDREN WHO LIVE IN POVERTY, AND IT IS NOW THE LARGEST SUCH SCHOLARSHIP IN THE NATION. ELIGIBLE STUDENTS COULD RECEIVE MAXIMUN SCHOLARSHIPS OF $8,715, DEPENDING ON GRADE LEVEL AND COUNTY RESIDENCE, FOR PRIVATE SCHOOL TUITION AND FEES OR UP TO $750 IN TRANSPORTATION COSTS TO ATTEND AN OUT-OF-DISTRICT PUBLIC SCHOOL. THE AVERAGE HOUSEHOLD INCOME FOR PARTICIPANTS WAS JUST 24% ABOVE THE FEDERAL POVERTY LEVEL, AND 56% OF THE STUDENTS WERE FROM SINGLE-PARENT HOUSEHOLDS.A STUDY ON STANDARDIZED TEST SCORES RELEASED IN JULY 2020 SHOWED THAT SCHOLARSHIP STUDENTS ACHIEVED THE SAME GAINS IN READING AND MATH AS STUDENTS OF ALL INCOME LEVELS NATIONALLY, EVEN AS THE STUDENTS WHO CHOSE THE SCHOLARSHIP WERE AMONG THE POOREST AND LOWEST-PERFORMING STUDENTS FROM THE PUBLIC SCHOOLS THEY LEFT BEHIND. IN FEBRUARY 2019, THE URBAN INSTITUTE REPORTED THAT SCHOLARSHIP STUDENTS ARE 43 PERCENT MORE LIKELY THAN THEIR PUBLIC-SCHOOL PEERS TO ATTEND COLLEGE AND 20 PERCENT MORE LIKELY TO EARN BACHOLER'S DEGREES.
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IRS990/FeesForServicesLegalGrp/TotalAmt0128270
IRS990/FeesForServicesLobbyingGrp/ProgramServicesAmt0482783
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt921635
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1122445
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1220056
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1438581
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1512970
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1610444
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1714999
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt185878
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IRS990/Form990PartVIISectionAGrp/PersonNm1ALISON HERTOG
IRS990/Form990PartVIISectionAGrp/PersonNm2ALFRED AL LAWSON
IRS990/Form990PartVIISectionAGrp/PersonNm3RICHARD OUTRAM
IRS990/Form990PartVIISectionAGrp/PersonNm4PAUL SHERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm5CURTIS STOKES
IRS990/Form990PartVIISectionAGrp/PersonNm6TERRY JOVE
IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN LEGG
IRS990/Form990PartVIISectionAGrp/PersonNm8DOUG TUTHILL
IRS990/Form990PartVIISectionAGrp/PersonNm9ANNE WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm10JOE PFOUNTZ
IRS990/Form990PartVIISectionAGrp/PersonNm11JONATHAN BECKHAM
IRS990/Form990PartVIISectionAGrp/PersonNm12GINA LYNCH
IRS990/Form990PartVIISectionAGrp/PersonNm13LESLEY SEARCY
IRS990/Form990PartVIISectionAGrp/PersonNm14ALISSA RANDALL
IRS990/Form990PartVIISectionAGrp/PersonNm15CHARLES PARKER
IRS990/Form990PartVIISectionAGrp/PersonNm16CAROL MACEDONIA
IRS990/Form990PartVIISectionAGrp/PersonNm17JILL LAROSE
IRS990/Form990PartVIISectionAGrp/PersonNm18SUSAN DUGAN
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8272869
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9171458
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10221946
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11129727
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12185754
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13178144
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14163867
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15145565
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16192078
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17148520
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18148793
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN, SUFS/DIRECTOR, A
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR, SUFS
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR, SUFS
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR, SUFS
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR, SUFS
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR, SUFS
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR, SUFS
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR, SUFS
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT, SUFS
IRS990/Form990PartVIISectionAGrp/TitleTxt9CAO, SUFS
IRS990/Form990PartVIISectionAGrp/TitleTxt10TREASURER & CFO, SUFS
IRS990/Form990PartVIISectionAGrp/TitleTxt11CIO, SUFS (THRU 09/2020)
IRS990/Form990PartVIISectionAGrp/TitleTxt12COO, SUFS
IRS990/Form990PartVIISectionAGrp/TitleTxt13CEAO, SUFS
IRS990/Form990PartVIISectionAGrp/TitleTxt14CMO, SUFS
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIR SOFTWARE & TECH OPS (THRU 10/2020)
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP STUDENT LEARNING (THRU 08/2020)
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP LEADERSHIP DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP FINANCE
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IRS990/FormationYr02000
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IRS990/FSAuditedInd01
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IRS990/GainOrLossGrp/SecuritiesAmt0-26030
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt012216963
IRS990/GrantAmt0663766753
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0669885344
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0669885344
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0988384004
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt040
IRS990/IndoorTanningServicesInd00
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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/FundraisingAmt0105
IRS990/InsuranceGrp/ManagementAndGeneralAmt0626
IRS990/InsuranceGrp/ProgramServicesAmt0288854
IRS990/InsuranceGrp/TotalAmt0289585
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt051437
IRS990/InvestmentInJointVentureInd00
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IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt06507864
IRS990/LandBldgEquipCostOrOtherBssAmt09301226
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt026030
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0STEP UP FOR STUDENTS EMPOWERS FAMILIES TO PURSUE AND ENGAGE IN THE MOST APPROPRIATE LEARNING OPTIONS FOR THEIR CHILDREN, WITH AN EMPHASIS ON FAMILIES WHO LACK THE INFORMATION AND FINANCIAL RESOURCES TO ACCESS THESE OPTIONS. BY PURSUING THIS MISSION, WE HELP PUBLIC EDUCATION FULFILL THE PROMISE OF EQUAL OPPORTUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt0766104599
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-26030
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt018684216
IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/ProgramServicesAmt01030062
IRS990/OccupancyGrp/TotalAmt01030209
IRS990/OfficeExpensesGrp/FundraisingAmt027045
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt029423
IRS990/OfficeExpensesGrp/ProgramServicesAmt01511625
IRS990/OfficeExpensesGrp/TotalAmt01568093
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0109286898
IRS990/OtherAssetsTotalGrp/EOYAmt0143364993
IRS990/OtherChangesInNetAssetsAmt015000
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0176147
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0437713
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01551462
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02165322
IRS990/OtherExpensesGrp/Desc0OTHER COSTS
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/Desc3PRINTING AND POSTAGE
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IRS990/OtherExpensesGrp/FundraisingAmt13306
IRS990/OtherExpensesGrp/FundraisingAmt231694
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0706590
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt197
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt248929
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt33454
IRS990/OtherExpensesGrp/ProgramServicesAmt03010609
IRS990/OtherExpensesGrp/ProgramServicesAmt1252443
IRS990/OtherExpensesGrp/ProgramServicesAmt2134441
IRS990/OtherExpensesGrp/ProgramServicesAmt357248
IRS990/OtherExpensesGrp/TotalAmt03900427
IRS990/OtherExpensesGrp/TotalAmt1252540
IRS990/OtherExpensesGrp/TotalAmt2186676
IRS990/OtherExpensesGrp/TotalAmt392396
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt01147303
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0GENERAL & ADMINISTRATIVE
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01445393
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt03032354
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt09671727
IRS990/OtherSalariesAndWagesGrp/TotalAmt014149474
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0106142
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0309951
IRS990/PayrollTaxesGrp/ProgramServicesAmt0792134
IRS990/PayrollTaxesGrp/TotalAmt01208227
IRS990/PensionPlanContributionsGrp/FundraisingAmt050960
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0167742
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0348252
IRS990/PensionPlanContributionsGrp/TotalAmt0566954
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0402513651
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0621135859
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0889513
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0542434
IRS990/PrincipalOfficerNm0JOE PFOUNTZ
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0POLICY & PUBLIC AFFAIRS
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT LEARNING AND PARTNER SUCC
IRS990/ProgramServiceRevenueGrp/Desc2ALABAMA OPPORTUNITY SCHOLARSHIP
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0105715
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt110710
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21385
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0105715
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110710
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21385
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ALABAMA OPPORTUNITY SCHOLARSHIP FUND (ALOSF) IS A SCHOLARSHIP GRANTING ORGANIZATION FORMED TO IMPLEMENT THE ALABAMA ACOUNTABILITY ACT. ALOSF AWARDS SCHOLARSHIPS TO ELIGIBLE LOW-INCOME K5-12TH GRADE STUDENTS WITH PRIORITY GIVEN TO STUDENTS WHO ARE ZONED TO ATTEND A FAILING PUBLIC SCHOOL. THE SCHOLARSHIPS PAY FOR PRIVATE SCHOOL TUITION OR TRANSFER FEES TO A NON-FAILING PUBLIC SCHOOL. THE FIRST SCHOLARSHIPS WERE GRANTED FOR THE SEMESTER STARTING JANUARY 2014. ALOSF HAS AWARDED OVER 12,000 SCHOLARSHIPS OVER 6 1/2 YEARS REPRESENTING 46 OF THE 67 COUNTIES IN ALABAMA. THE SCHOLARSHIPS ARE FUNDED BY DONATIONS OF INCOME TAX LIABILITY FROM INDIVIDUALS AND CORPORATIONS WHO RECEIVE AN ALABAMA STATE INCOME TAX CREDIT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02984292
IRS990/ProgSrvcAccomActy2Grp/GrantAmt02771557
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01385

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$918,219,749
Liabilities
$152,115,150
Net assets
$766,104,599
Revenue
$988,357,974
Expenses
$699,663,403
Net income
$288,694,571
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Summary only. Only limited summary data is available for this year.$1,208$233$975$822$613$209
2021Detailed filing. Detailed filing data is available for this year.$918$152$766$988$700$289
2020Summary only. Only limited summary data is available for this year.$591$113$477$621$720$99.5
2019Summary only. Only limited summary data is available for this year.$697$120$577$718$655$63.2
2018Summary only. Only limited summary data is available for this year.$589$75.7$514$708$675$33.1
2017Summary only. Only limited summary data is available for this year.$519$37.9$481$534$568$34.4
2015Summary only. Only limited summary data is available for this year.$449$10.3$439$458$376$82.1