Step Up for Students - Florida INC

Tax-deductible

Jacksonville, FL501(c)(3)Since 2000EducationEIN 59-3649371Revenue $859.4M in FY2025

On file with the IRSstepupforstudents.org4655 Salisbury Rd Ste 400, 32256-0958 · Jacksonville, FLTax-exempt since Jul 2000Publicly supported charity — 170(b)(1)(A)(vi)

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Step Up for Students empowers families to pursue and engage in the most appropriate learning options for their children, with an emphasis on families who lack the information and financial resources to access these options. By pursuing this mission, we help public education fulfill the promise of equal opportunity.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Run by 958 volunteers and 250 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
3 of 5
filings with a surplus
Average surplus $53.1M a year · 6% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.3M
to officers and key staff · 0.4% of spending
Top officer’s pay lower than 82% of similar orgs
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $85.1M
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$984.6M
57% of total assets
Fine: liabilities are 57% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$859.4M
-5% vs prior year
Spent
$912.5M
To programs
98%
Net assets
$742.9M
By yearFY2021–FY2025
Revenue
$859.4M
FY2025▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2021$988.4M
FY2022$821.9M
FY2023$913.0M
FY2024$904.6M
FY2025$859.4M
Expenses
$912.5M
FY2025▼ -26%
Tap a bar for its year
Expenses by fiscal year
FY2021$699.7M
FY2022$613.0M
FY2023$755.3M
FY2024$1.2B
FY2025$912.5M
Net assets
$742.9M
FY2025▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2021$766.1M
FY2022$975.0M
FY2023$1.1B
FY2024$796.0M
FY2025$742.9M

From the FY2025 Form 990 (year ending June 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 Jul 2000.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $896.6M Management & general 1% · $13.5M Fundraising 0% · $2.5M

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

28 people listed on the 990; $3.3M 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
Chief Cst. Exp. Officer (thru 09/24)
$341,479Pt VII · Sec A
Chief Executive Officer
$314,956Pt VII · Sec A
Chief Vision Officer
$313,006Pt VII · Sec A
Secretary & Cgo
$248,592Pt VII · Sec A
Treasurer & CFO
$247,522Pt VII · Sec A
Chief Product Officer (thru 12/24)
$231,609Pt VII · Sec A
Chief HR Officer (thru 06/25)
$208,752Pt VII · Sec A
Chief Culture Officer
$196,936Pt VII · Sec A

Ruth Rose’s $341K as Chief Cst. Exp. Officer (thru 09/24) is at the 18th percentile of top reported officer pay among 674 $100M+ education 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

NameFY2025FY2024FY2023FY2022FY2021
Ruth Rose$341,479$103,307———
Gretchen Schoenhaar$314,956————
Doug Tuthill$313,006$312,563$258,138$268,242$272,869
Lesley Searcy$248,592$241,973$190,880$192,033$178,144
Joseph E Pfountz$247,522————
Joe Pfountz—$237,608$213,140$222,027$221,946
Shafayet Imam$115,491$233,821———
Alexander J Mangan$231,609$132,845———

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 Step Up for Students - Florida 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 15aYes

Programs and updates

Helps families find and fund the best school choices for their children.

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Provided by the organization

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3 programs · $892.1M · in their own filed words · FY2024
01

Florida Tax Credit Scholarship Program

In the 2024-25 school year, 58,414 students attended 1,776 private schools on a step up for students' tax credit scholarship. The k-12 scholarship program was created in 2001 to help alleviate the enormous educational challenges faced by children who live in poverty, and it is now the largest such scholarship in the nation.

$819.1Mprogram expense
02

The family empowerment scholarship program was established in 2019 to provide children and families in the state of florida which have limited resources with educational options to achieve success in their education.

$69.3Mprogram expense
03

New Worlds Scholarship Accounts Program

The new worlds scholarship was created in 2018 to provide academic support for elementary school students in district or charter schools, who struggled in reading and was expanded to include math in 2023. Step up for students-florida, as an approved scholarship funding organization, administers the program.

$3.7Mprogram 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
Total grants receivedfrom 4 funders$85.1M
See all 4 funders →
Grants paid · 12 grants · $3.7B · 2020–2024
Unitemized GrantFY2024$462,507,046
Unitemized GrantFY2024$327,726,746
Unitemized GrantFY2023$1,001,410,875
Unitemized GrantFY2023$6,267,023
Unitemized GrantFY2022$695,626,649
Unitemized GrantFY2022$5,619,735
Unitemized GrantFY2021$567,678,143
Unitemized GrantFY2021$4,307,167
Unitemized GrantFY2020$663,766,751
Unitemized GrantFY2020$2,792,230
Unitemized GrantFY2020$2,771,558
Unitemized GrantFY2020$554,804

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$859.4M
Ln 12
Gifts and grantsLn 1h$856.4M
Investment incomeLn 3$3.0M
Other incomeLn 4–11$54K
Money outPt IX
$912.5M
Ln 25
Programscol B$896.6M
Managementcol C$13.5M
Fundraisingcol D$2.5M
Owns and owesPt X
$742.9M
net assets · Ln 32
Cash and savingsLn 1–2$180.1M
Total assetsLn 16$1.7B
LiabilitiesLn 26$984.6M
PeoplePt VI, VII
28
listed · VII A
PaidVII A18
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$856.4M
Fundraising eventsLn 1c$11K
Investment incomeLn 3$3.0M
Other incomeLn 4–11$54K
Total revenueLn 12$859.4M
Assets in detailPt X, end of year
CashLn 1$180.0M
SavingsLn 2$116K
Cash and savings togetherLn 1–2$180.1M
Land, buildings, equipmentLn 10c$34.7M
Other assetsLn 15$961.9M
Total assetsLn 16$1.7B
LiabilitiesLn 26$984.6M
Net assetsLn 32$742.9M
OperationsPt I, VI
EmployeesI 5250
VolunteersI 6958
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$220.9M$180.1M
Land, buildings, equipmentLn 10c$25.2M$34.7M
Total assetsLn 16$1.49B$1.73B
LiabilitiesLn 26$692.2M$984.6M
Net assetsLn 32$796.0M$742.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$790.2M$790.2M
Pay of current officers, directors and key staffLn 5$2.6M$2.0M$539K$97K
Other salaries and wagesLn 7$38.6M$29.0M$8.3M$1.4M
Pension plan contributionsLn 8$1.5M$1.3M$186K$60K
Other employee benefitsLn 9$4.2M$3.4M$579K$189K
Payroll taxesLn 10$2.9M$2.2M$579K$105K
Legal feesLn 11b$416K$19K$344K$53K
Accounting feesLn 11c$322K$322K
Lobbying feesLn 11d$334K$334K
Advertising and promotionLn 12$2.9M$2.0M$782K$83K
Office expensesLn 13$191K$116K$59K$16K
OccupancyLn 16$513K$513K
TravelLn 17$842K$451K$317K$74K
Depreciation, depletion and amortizationLn 22$7.1M$7.1M
InsuranceLn 23$524K$524K
Other expenses (24a–d)Ln 24$58.5M$56.9M$1.4M$184K
All other expensesLn 24e$952K$591K$147K$214K
Total functional expensesLn 25$912.5M$896.6M$13.5M$2.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $859.4M$912.5M−$53.1M$742.9M 990 PDF
FY2024 $904.6M$1.2B−$336.7M$796.0M 990 PDF
FY2023 $913.0M$755.3M$157.7M$1.1B 990 PDF
FY2022 $821.9M$613.0M$208.9M$975.0M 990 PDF
FY2021 $988.4M$699.7M$288.7M$766.1M 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 $859,413,209 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $881,567,760$856,374,884
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $23,015,059$2,984,320
I-11 Other revenuePrior year $28,369$54,005
I-12 Total revenuePrior year $904,611,188$859,413,209
I-13 Grants and similar amounts paidPrior year $1,155,593,322$790,233,792
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $35,682,401$49,816,468
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $50,062,790$72,490,776
I-18 Total expensesPrior year $1,241,338,513$912,541,036
I-19 Revenue less expensesPrior year −$336,727,325−$53,127,827
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $859,413,209 across 6 lines filed
VIII-1c Fundraising events$11,453
VIII-1f All other contributions, gifts and grants$856,363,431
VIII-1h Total contributions, gifts and grants$856,374,884
VIII-3 Investment incomeExcluded from tax $2,984,320$2,984,320
VIII-8 Net income from fundraising eventsExcluded from tax $54,005$54,005
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $3,038,325$859,413,209
Part IX · Statement of functional expenses $912,541,036 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $790,233,792$790,233,792
IX-5 Pay of current officers, directors and key staffPrograms $1,993,487 · Management $538,528 · Fundraising $96,578$2,628,593
IX-7 Other salaries and wagesPrograms $28,950,311 · Management $8,270,621 · Fundraising $1,388,868$38,609,800
IX-8 Pension plan contributionsPrograms $1,288,371 · Management $185,864 · Fundraising $59,515$1,533,750
IX-9 Other employee benefitsPrograms $3,404,340 · Management $578,833 · Fundraising $189,300$4,172,473
IX-10 Payroll taxesPrograms $2,187,124 · Management $579,382 · Fundraising $105,346$2,871,852
IX-11b Legal feesPrograms $19,004 · Management $344,287 · Fundraising $53,000$416,291
IX-11c Accounting feesManagement $322,495$322,495
IX-11d Lobbying feesPrograms $334,075$334,075
IX-12 Advertising and promotionPrograms $1,987,878 · Management $781,666 · Fundraising $83,484$2,853,028
IX-13 Office expensesPrograms $115,627 · Management $59,091 · Fundraising $16,019$190,737
IX-16 OccupancyPrograms $512,680$512,680
IX-17 TravelPrograms $451,422 · Management $316,623 · Fundraising $73,598$841,643
IX-22 Depreciation, depletion and amortizationPrograms $7,067,996$7,067,996
IX-23 InsurancePrograms $523,942$523,942
IX-24 Other expenses (24a–d)Programs $56,941,213 · Management $1,350,817 · Fundraising $183,885$58,475,915
IX-24e All other expensesPrograms $591,432 · Management $146,857 · Fundraising $213,685$951,974
IX-25 Total functional expensesPrograms $896,602,694 · Management $13,475,064 · Fundraising $2,463,278$912,541,036
Part X · Balance sheet $1,727,462,650 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $220,751,706$180,001,599
X-2 Savings and temporary cash investmentsStart of year $116,000$116,000
X-3 Pledges and grants receivableStart of year $561,494,599$547,606,042
X-4 Accounts receivableStart of year $8,987,383$1,257,379
X-9 Prepaid expenses and deferred chargesStart of year $573,473$1,865,288
X-10c Land, buildings and equipment, netStart of year $25,203,113$34,722,369
X-15 Other assetsStart of year $671,078,812$961,893,973
X-16 Total assetsStart of year $1,488,205,086$1,727,462,650
X-17 Accounts payable and accrued expensesStart of year $21,063,741$24,221,745
X-25 Other liabilitiesStart of year $68,818$0
X-26 Total liabilitiesStart of year $692,211,371$984,596,762
X-27 Net assets without donor restrictionsStart of year $36,918,215$43,188,778
X-28 Net assets with donor restrictionsStart of year $759,075,500$699,677,110
X-32 Total net assets or fund balancesStart of year $795,993,715$742,865,888
X-33 Total liabilities and net assetsStart of year $1,488,205,086$1,727,462,650
Part XI · Reconciliation of net assets $742,865,888 net assets at year end
XI-1 Total revenue$859,413,209
XI-2 Total expenses$912,541,036
XI-3 Revenue less expenses−$53,127,827
XI-4 Net assets at start of year$795,993,715
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$742,865,888

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

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