Step Up for Students Inc.

“Form 990 is prepared by the organization'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.”

“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 financial analyst and/or the head of procurement review each contract the organization enters. The cfo reviews contracts as appropriate. 3) finance staff and the controller review all payments as they are made for possible conflicts.”

“The compensation committee of the board of directors reviews comparable compensation and benefits data of similar organizations. During fiscal year 2024, 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 is available on organization's website. Form 1023 is pending and will be available upon request upon final irs determination.”

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

“No change from the prior year.”

“Scholarship service contract sufs-wv has contracted with the state of west virginia's state treasurer's office to assist with the administration of the west virginia hope scholarship program in the state of west virginia. The west virginia hope scholarship program offers qualifying k-12 students an opportunity to build an individual learning experience. Sufs-wv has been contracted to provide scholarship administrative services to include processing applications for eligibility and being the fiduciary of the student's scholarship funds, which are used for qualifying educational expenses. For the 2023-2024 school year, 6,355 students received scholarships, up to a maximum of $8,787. For the 2022-2023 school year, 2,463 students received scholarships, up to a maximum of $4,299. Sufs-wv is compensated for its work by receiving reimbursement for implementation costs associated with the scholarship program as well as a service fee from the state of west virginia's state treasurer's office to provide these services. Effective july 1, 2024, sufs-wv is no longer under contract with the state of west virginia's state treasurer's office”