Beaverbrook Step INC EIN 04-2518911

Beaverbrook Step INC

EIN  04-2518911 Public charity (501(c)(3)) Watertown, MA Founded 1973
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/7/26 · see original filing: IRS
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Size
$10–100M
What they do
Supports adults with disabilities through community-based living, training, and opportunities.
Leadership
Virginia a Connolly · Executive Director · $164K
Money in and out
$30.1M revenue, $28.9M expenses
Bottom line
90% program efficiency

Supports adults with disabilities through community-based living, training, and opportunities. For fiscal year 2025 it reported $30.1M in revenue, $28.9M in expenses, and $14.5M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$30.1M
Pt VIII · Ln 12
Total expenses
$28.9M
Pt IX · Ln 25
Net assets
$14.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.2M
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Program efficiency
90%
of spending reaches programs0% vs prior filing year
Operating runway
2.4mo
months of highly liquid reserves at operating expense rate▼ -33% vs prior filing year
Surplus margin
+4%
revenue over expenses, this year▲ +852% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$30.1M
FY2025▲ +19%
Expenses
$28.9M
FY2025▲ +14%
Total assets
$22.0M
FY2025▼ -2%
Total liabilities
$7.5M
FY2025▼ -18%
Total revenue
$30.1M
Pt VIII · Ln 12
Total expenses
$28.9M
Pt IX · Ln 25
Net assets
$14.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.2M
Total assetsPt X · Ln 16$22.0M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $25.9M of program spending, described in the organization's own filed words · FY2024.
01

Residential Services

Beaverbrook step supported over 100 individuals enabling training, education, skill building, medical and psychiatric treatment, recreation, relationship building and community integration in over 25 settings. Additionally, beaverbrook step ensured that individuals were able to participate in their communities as valued members.

$19.5Mprogram expense
02

Day Services

Beaverbrook step supported over 80 individuals in acquiring and maintaining employment, participating in recreational and cultural events in the community, volunteering at libraries and museums, building skills leading to enhanced day-time pursuits and creating opportunities for friendships and independence.

$3.8Mprogram expense
03

In-Home Supports

Beaverbrook step provided supports to over 35 individuals who live in various residential settings. These individuals required services of more than 7 HRS/WK but less than 24 HRS/DAY. Qualified-staff assisted individuals with community inclusion, financial management, benefit entitlements, self-advocacy, recreation, nutrition…

$2.5Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBeaverbrook Step INC
EINHdr · item D04-2518911
Principal addressHdr · item CWatertown, MA
WebsiteHdr · item Jwww.beaverbrookstep.org
Year of formationHdr · item L1973
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P820)
Ruling yearIRS BMFFeb 1974

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$163,629Pt VII · Sec A
Interim CFO
$151,489Pt VII · Sec A
Senior Director
$131,568Pt VII · Sec A
CFO (until 11/11/24)
$131,458Pt VII · Sec A
Senior Director
$127,771Pt VII · Sec A
Staff Advocate
$125,897Pt VII · Sec A
Staff Advocate
$123,290Pt VII · Sec A
Staff Advocate
$120,171Pt VII · Sec A

Virginia a Connolly’s $164K as Executive Director is at the 26th percentile of top reported officer pay among 3123 $10–100M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Virginia a Connolly$163,629$153,876$161,807$156,034$164,237$152,926
John Sannella$151,489$140,617$133,000$59,567
Jessica a Kirwan$131,568$117,266$120,313$109,843
Michael Bent$131,458
Richard Currier$127,771$117,877$116,353$102,276$107,449
Sunday Sserenkuma$127,592
Margaret Wilson$127,567$112,326
Sunday Sserunkuma$125,897

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue100%$30.0M
Contributions & grants$28K
Investment income$61K
Other revenue$1K
Total revenueLn 12$30.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$25.9M
Management & general10%$3.0M
Total functional expensesLn 25$28.9M

Balance Sheet

Part X · end of year
CashLn 1$5.9M
Total assetsLn 16$22.0M
Total liabilitiesLn 26$7.5M
Total net assetsLn 32$14.5M
Months of cash on handcomputed2.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5.9M · Operating expenses/yr $28.9M
2.4 months
Where the money goes
Program services
Program services $25.9M · Total expenses $28.9M
90%
Management & General
Management & general $3.0M · Total expenses $28.9M
10%
Fundraising
Fundraising $0 · Total expenses $28.9M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $41K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $28K · Total revenue $30.1M
0%
Government reliance
Government grants — · Total revenue $30.1M
Earned-income share
Program service revenue $30.0M · Total revenue $30.1M
100%
Investment reliance
Investment income $61K · Total revenue $30.1M
0%
Program self-sufficiency
Program service revenue $30.0M · Total expenses $28.9M
104%
Growth & trend
Revenue growth (YoY)
This year $30.1M · Prior year $25.3M
+19%
Revenue CAGR
FY2019 $18.7M · FY2024 $30.1M
+10%
Net-asset trend (YoY)
End of year $14.5M · Beginning of year $13.3M
+9%
Balance sheet
Surplus Margin
Revenue $30.1M · Expenses $28.9M
+4%
Liabilities-to-Assets
Total liabilities $7.5M · Total assets $22.0M
34%
Net-asset ratio
Net assets $14.5M · Total assets $22.0M
66%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $22.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Virginia a Connolly · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $164K · Total expenses $28.9M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $23.2M · Total expenses $28.9M
80%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Fundraising cost ratio 0%
Revenue growth 19%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$12K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$30.1M revenue · viewing · ⤓ 990 PDF
FY2024$25.3M revenue · ⤓ 990 PDF
FY2023$24.6M revenue · ⤓ 990 PDF
FY2022$23.5M revenue · ⤓ 990 PDF
FY2021$24.1M revenue · ⤓ 990 PDF
FY2020$18.7M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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