The Next Step Fund INC

Tax-deductible

Cambridge, MA501(c)(3)Human ServicesEIN 04-3579298Revenue $1.1M in FY2025

On file with the IRSnextstepnet.org99 Bishop Allen Drive, 02139-3428 · Cambridge, MATax-exempt since Nov 2001Publicly supported charity — 170(b)(1)(A)(vi)

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The Next Step Fund, INC. Provides support and education programs for teenagers and young adults with chronic illnesses or history of childhood cancer.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$110K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $149K a year · 14% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$110K
to officers and key staff · 10% of spending
Top officer’s pay lower than 55% of similar orgs
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 13.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
15
named funders · $308K
Looks good: 15 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$132K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+24% vs prior year
Spent
$1.1M
To programs
70%
Net assets
$1.3M
By yearFY2021–FY2025
Revenue
$1.1M
FY2025▲ +24%
Tap a bar for its year
Revenue by fiscal year
FY2021$733K
FY2022$1.2M
FY2023$1.3M
FY2024$877K
FY2025$1.1M
Expenses
$1.1M
FY2025▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2021$702K
FY2022$733K
FY2023$908K
FY2024$1.0M
FY2025$1.1M
Net assets
$1.3M
FY2025+0.05%
Tap a bar for its year
Net assets by fiscal year
FY2021$541K
FY2022$978K
FY2023$1.4M
FY2024$1.3M
FY2025$1.3M

From the FY2025 Form 990 (year ending March 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $768K Management & general 14% · $149K Fundraising 16% · $174K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $110K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director/Preside
$110,261Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

William Kubicek’s $110K as Executive Director/Preside is at the 45th percentile of top reported officer pay among 3868 $1–10M 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
William Kubicek$110,261$106,017$100,959$96,158$96,408

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.

See The Next Step Fund INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports and educates teens and young adults with chronic illnesses or childhood cancer history.

Questions for The Next Step Fund INC

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Provided by the organization

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1 program · $768K · in their own filed words · FY2024
01

Developing programs for teen and young adult survivors of serious chronic illness.

$768Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 15 funders →
Grants paid · 7 grants · $27K · 2020–2021
Unitemized GrantFY2021$8,486
Unitemized GrantFY2021$3,285
Unitemized GrantFY2021$2,451
Unitemized GrantFY2021$1,600
Unitemized GrantFY2020$5,000
Unitemized GrantFY2020$3,940
Unitemized GrantFY2020$1,838

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$499K
Other incomeLn 4–11$474K
Fees for servicesLn 2g$65K
Money outPt IX
$1.1M
Ln 25
Programscol B$768K
Managementcol C$149K
Fundraisingcol D$174K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.4M
LiabilitiesLn 26$132K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$499K
Fees for servicesLn 2g$65K
Investment incomeLn 3$52K
Other incomeLn 4–11$474K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$41K
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.2M
Land, buildings, equipmentLn 10c$27K
Other assetsLn 15$122K
Total assetsLn 16$1.4M
LiabilitiesLn 26$132K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 59
VolunteersI 60
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.1M$1.2M
Land, buildings, equipmentLn 10c$36K$27K
Total assetsLn 16$1.4M$1.4M
LiabilitiesLn 26$171K$132K
Net assetsLn 32$1.3M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$16K$16K
Pay of current officers, directors and key staffLn 5$110K$66K$22K$22K
Pay of disqualified personsLn 6$461K$343K$53K$66K
Other employee benefitsLn 9$33K$29K$4K$266
Payroll taxesLn 10$47K$33K$6K$7K
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$82K$936$25K$56K
Advertising and promotionLn 12$14K$5K$8K
Office expensesLn 13$3K$3K
OccupancyLn 16$51K$49K$2K
Depreciation, depletion and amortizationLn 22$10K$10K
InsuranceLn 23$7K$6K$899
Other expenses (24a–d)Ln 24$228K$215K$8K$5K
All other expensesLn 24e$16K$4K$5K$6K
Total functional expensesLn 25$1.1M$768K$149K$174K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.1M$1.1M$671$1.3M 990 PDF
FY2024 $877K$1.0M−$133K$1.3M 990 PDF
FY2023 $1.3M$908K$410K$1.4M 990 PDF
FY2022 $1.2M$733K$438K$978K 990 PDF
FY2021 $733K$702K$31K$541K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $1,091,067 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $429,816$499,362
I-9 Program service revenuePrior year $93,902$65,310
I-10 Investment incomePrior year $51,164$52,357
I-11 Other revenuePrior year $302,451$474,038
I-12 Total revenuePrior year $877,333$1,091,067
I-13 Grants and similar amounts paidPrior year $5,280$16,438
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $649,587$651,477
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $355,464$422,481
I-18 Total expensesPrior year $1,010,331$1,090,396
I-19 Revenue less expensesPrior year −$132,998$671
Part VI · Governance 13 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,091,067 across 5 lines filed
Lines not itemized here account for $65,310 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$499,362
VIII-1h Total contributions, gifts and grants$499,362
VIII-3 Investment incomeExcluded from tax $52,357$52,357
VIII-8 Net income from fundraising eventsExcluded from tax $474,038$474,038
VIII-12 Total revenueRelated to mission $65,310 · Unrelated business $0 · Excluded from tax $526,395$1,091,067
Part IX · Statement of functional expenses $1,090,396 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $16,438$16,438
IX-5 Pay of current officers, directors and key staffPrograms $66,157 · Management $22,052 · Fundraising $22,052$110,261
IX-6 Pay of disqualified personsPrograms $342,875 · Management $52,682 · Fundraising $65,661$461,218
IX-9 Other employee benefitsPrograms $29,095 · Management $3,850 · Fundraising $266$33,211
IX-10 Payroll taxesPrograms $33,164 · Management $6,263 · Fundraising $7,360$46,787
IX-11c Accounting feesManagement $11,500$11,500
IX-11g Other fees for servicesPrograms $936 · Management $25,137 · Fundraising $56,293$82,366
IX-12 Advertising and promotionPrograms $5,250 · Fundraising $8,310$13,560
IX-13 Office expensesManagement $3,152$3,152
IX-16 OccupancyPrograms $49,182 · Fundraising $2,257$51,439
IX-22 Depreciation, depletion and amortizationManagement $10,311$10,311
IX-23 InsurancePrograms $5,672 · Management $899$6,571
IX-24 Other expenses (24a–d)Programs $214,748 · Management $7,792 · Fundraising $5,334$227,874
IX-24e All other expensesPrograms $4,479 · Management $4,891 · Fundraising $6,338$15,708
IX-25 Total functional expensesPrograms $767,996 · Management $148,529 · Fundraising $173,871$1,090,396
Part X · Balance sheet $1,388,732 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $46,449$41,433
X-2 Savings and temporary cash investmentsStart of year $1,078,646$1,188,307
X-3 Pledges and grants receivableStart of year $100,000$10,000
X-10c Land, buildings and equipment, netStart of year $36,225$26,875
X-15 Other assetsStart of year $165,412$122,117
X-16 Total assetsStart of year $1,426,732$1,388,732
X-17 Accounts payable and accrued expensesStart of year $9,356$13,980
X-25 Other liabilitiesStart of year $161,645$118,350
X-26 Total liabilitiesStart of year $171,001$132,330
X-27 Net assets without donor restrictionsStart of year $1,255,731$1,231,402
X-28 Net assets with donor restrictionsStart of year $0$25,000
X-32 Total net assets or fund balancesStart of year $1,255,731$1,256,402
X-33 Total liabilities and net assetsStart of year $1,426,732$1,388,732
Part XI · Reconciliation of net assets $1,256,402 net assets at year end
XI-1 Total revenue$1,091,067
XI-2 Total expenses$1,090,396
XI-3 Revenue less expenses$671
XI-4 Net assets at start of year$1,255,731
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,256,402

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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