Instep International INC EIN 58-2505845 Form 990 (PDF) Claim this org

Instep International INC

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Spreading Jesus' gospel through evangelism, discipleship, and practical aid. For fiscal year 2024 it reported $698K in revenue, $392K in expenses, and $2.2M in net assets.Pt I

Type
Public charity (501(c)(3)) · International
Location
Peachtree Cor, GA
Website
www.instep-usa.com
Filings
5 on file (2020–2024)
Revenue
$698KFY2024
Expenses
$392K
Net assets
$2.2M
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  58-2505845 Public charity (501(c)(3)) Peachtree Cor, GA
Form 990 (PDF)
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Size
$100K–1M
What they do
Spreading Jesus' gospel through evangelism, discipleship, and practical aid.
Leadership
Fred Cerrone · Co-Chair
Money in and out
$698K revenue, $392K expenses
Bottom line
70% program efficiency
Where the money goes · FY2024
Total revenue
$698K
Pt VIII · Ln 12
Total expenses
$392K
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $306K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.21 Fundraising $0.09
Program efficiency
70%
of spending reaches programs▼ -10% vs prior filing year
Operating runway
65.9mo
months of highly liquid reserves at operating expense rate▲ +71% vs prior filing year
Surplus margin
+44%
revenue over expenses, this year▲ +349% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$698K
FY2024▲ +22%
Expenses
$392K
FY2024▼ -24%
Total assets
$2.2M
FY2024▲ +16%
Total liabilities
$0
FY2024
Total revenue
$698K
Pt VIII · Ln 12
Total expenses
$392K
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$306K
Total assetsPt X · Ln 16$2.2M
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

2 program services account for $214K of program spending, described in the organization's own filed words · FY2024.
01

Ministry project grants and short term mission projects

$195Kprogram expense
02

Chaplain ministry programs

$19Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CInstep International INC
EINHdr · item D58-2505845
Principal addressHdr · item CPeachtree Cor, GA
WebsiteHdr · item Jwww.instep-usa.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q330)
Ruling yearIRS BMFJan 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b8
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
Co-Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chair/S
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President/Co
$0Pt VII · Sec A

Gregory S Smith’s $47K as President/Co is at the 44th percentile of top reported officer pay among 1638 $100K–1M international 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.

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Statement of Revenue

Part VIII
Contributions & grants$606K · 87%
Investment income$91K · 13%
Contributions & grants87%$606K
Investment income13%$91K
Total revenueLn 12$698K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.21 Fundraising $0.09
Program services70%$273K
Management & general21%$83K
Fundraising9%$36K
Total functional expensesLn 25$392K

Balance Sheet

Part X · end of year
CashLn 1$2.2M
Total assetsLn 16$2.2M
Total liabilitiesLn 26$0
Total net assetsLn 32$2.2M
Months of cash on handcomputed65.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.2M · Operating expenses/yr $392K
65.9 months
Where the money goes
Program services
Program services $273K · Total expenses $392K
70%
Management & General
Management & general $83K · Total expenses $392K
21%
Fundraising
Fundraising $36K · Total expenses $392K
9%
Cost to raise $1
Fundraising expense (3-yr avg) $34K · Solicited contributions (3-yr avg) $573K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $606K · Total revenue $698K
87%
Government reliance
Government grants — · Total revenue $698K
Earned-income share
Program service revenue $0 · Total revenue $698K
0%
Investment reliance
Investment income $91K · Total revenue $698K
+13%
Program self-sufficiency
Program service revenue $0 · Total expenses $392K
0%
Growth & trend
Revenue growth (YoY)
This year $698K · Prior year $573K
+22%
Revenue CAGR
FY2020 $468K · FY2024 $698K
+10%
Net-asset trend (YoY)
End of year $2.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $698K · Expenses $392K
+44%
Liabilities-to-Assets
Total liabilities — · Total assets $2.2M
Net-asset ratio
Net assets $2.2M · Total assets $2.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Fred Cerrone · Reported title CO-CHAIR · Highest reported compensation $0 · Total expenses $392K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $144K · Total expenses $392K
37%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 21%
Fundraising cost ratio 6%
Revenue growth 22%
Accounting fee ratio 0.1%

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
See all 5 funders →

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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
FY2024 (Latest)$698K revenue · viewing · ⤓ 990 PDF
FY2023$573K revenue · ⤓ 990 PDF
FY2022$503K revenue · ⤓ 990 PDF
FY2021$559K revenue · ⤓ 990 PDF
FY2020$468K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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