Step Foundation EIN 48-1148882

Step Foundation

EIN  48-1148882 Public foundation / grantmaker Seneca, KS Founded 1993
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Encourages donations to build a permanent fund for community needs and opportunities.
Leadership
Tory Jost · Executive Di · $55K
Money in and out
$664K revenue, $375K expenses
Bottom line
100% program efficiency

Encourages donations to build a permanent fund for community needs and opportunities. For fiscal year 2025 it reported $664K in revenue, $375K in expenses, and $3.1M in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$664K
Pt VIII · Ln 12
Total expenses
$375K
Pt IX · Ln 25
Net assets
$3.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $289K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
100.6mo
months of highly liquid reserves at operating expense rate▲ +18% vs prior filing year
Surplus margin
+44%
revenue over expenses, this year▼ -8% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$664K
FY2025▼ -8%
Expenses
$375K
FY2025▼ -2%
Total assets
$3.1M
FY2025▲ +12%
Total liabilities
$0
FY2025▼ -100%
Total revenue
$664K
Pt VIII · Ln 12
Total expenses
$375K
Pt IX · Ln 25
Net assets
$3.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$289K
Total assetsPt X · Ln 16$3.1M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

3 program services account for $287K of program spending, described in the organization's own filed words · FY2025.
01

Restricted and pass-through distributions

$219Kprogram expense
02

Grants

$47Kprogram expense
03

Educational scholarships

$20Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CStep Foundation
EINHdr · item D48-1148882
Principal addressHdr · item CSeneca, KS
WebsiteHdr · item Jwww.nemahastep.org
Year of formationHdr · item L1993
State of legal domicileHdr · item MKS
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T70Z)
Ruling yearIRS BMFDec 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
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
Executive Di
$55,404Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Tory Jost’s $55K as Executive Di is at the 52nd percentile of top reported officer pay among 1263 $100K–1M philanthropy & grantmaking 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Tory Jost$55,404$53,600$28,000$26,736$26,208$25,200

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
Contributions & grants$486K · 73%
Investment income$177K · 27%
Contributions & grants73%$486K
Investment income27%$177K
Other revenue$298
Total revenueLn 12$664K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$375K
Total functional expensesLn 25$375K

Balance Sheet

Part X · end of year
CashLn 1$778K
Total assetsLn 16$3.1M
Total liabilitiesLn 26$0
Total net assetsLn 32$3.1M
Months of cash on handcomputed24.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.1M · Operating expenses/yr $375K
100.6 months
Where the money goes
Program services
Program services $375K · Total expenses $375K
100%
Management & General
Management & general $0 · Total expenses $375K
0%
Fundraising
Fundraising $0 · Total expenses $375K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $490K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $486K · Total revenue $664K
73%
Government reliance
Government grants — · Total revenue $664K
Earned-income share
Program service revenue $0 · Total revenue $664K
0%
Investment reliance
Investment income $177K · Total revenue $664K
+27%
Program self-sufficiency
Program service revenue $0 · Total expenses $375K
0%
Growth & trend
Revenue growth (YoY)
This year $664K · Prior year $725K
-8%
Revenue CAGR
FY2020 $92K · FY2025 $664K
+49%
Net-asset trend (YoY)
End of year $3.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $664K · Expenses $375K
+44%
Liabilities-to-Assets
Total liabilities — · Total assets $3.1M
Net-asset ratio
Net assets $3.1M · Total assets $3.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.3M · Other securities (Pt X, ln 12) $14K · Total assets (Pt X, ln 16) $3.1M
75%
People & payroll
Highest Reported Total Compensation
Individual Tory Jost · Reported title EXECUTIVE DI · Highest reported compensation $55K · Total expenses $375K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $60K · Total expenses $375K
16%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Revenue growth -8%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$8K
Grants paid · 30 grants · $622K · 2020–2025
Spring Creek Golf CourseFY2025$33,029
City of CorningFY2025$29,710
Seneca Knights of ColumbusFY2025$29,000
Centralia Fire DepartmentFY2025$25,703
St Peter & Paul Catholic SchoolFY2025$25,450
Usd 115 Nemaha CentralFY2025$22,000
Unitemized GrantFY2025$20,300
Centralia Ball AssociationFY2025$17,455
City of CentraliaFY2025$16,294
Meals on Wheels Nemaha CntyFY2025$15,515
Nemaha Valley Community HospitalFY2025$10,000
Best Life Community ServicesFY2025$9,062
Seneca Knights of ColumbusFY2024$89,561
St Peter & Paul Catholic SchoolFY2024$58,500
Centralia Ball AssociationFY2024$28,139
Unitemized GrantFY2024$17,850
Spring Creek Golf CourseFY2024$17,000
City of SenecaFY2024$15,000
See all 30 grants →

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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)$664K revenue · viewing · ⤓ 990 PDF
FY2024$725K revenue · ⤓ 990 PDF
FY2023$446K revenue · ⤓ 990 PDF
FY2022$404K revenue · ⤓ 990 PDF
FY2021$363K revenue · ⤓ 990 PDF
FY2020$92K 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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