Step by Step INC EIN 61-1313872

Step by Step INC

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Supports young, unwed mothers aged 14-24. For fiscal year 2025 it reported $685K in revenue, $588K in expenses, and $774K in net assets.Pt I

Founded
1996
Type
Public charity (501(c)(3)) · Human Services
Location
Lexington, KY
Website
www.sbslex.org
Filings
6 on file (2020–2025)
Revenue
$685KFY2025
Expenses
$588K
Net assets
$774K
People
10
Filings
6
Updates
0
More identity details & actions ⌄
EIN  61-1313872 Public charity (501(c)(3)) Lexington, KY Founded 1996
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports young, unwed mothers aged 14-24.
Leadership
Latanya Torp · Executive Director · $85K
Money in and out
$685K revenue, $588K expenses
Bottom line
73% program efficiency
Where the money goes · FY2025
Total revenue
$685K
Pt VIII · Ln 12
Total expenses
$588K
Pt IX · Ln 25
Net assets
$774K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $97K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.27
Program efficiency
73%
of spending reaches programs▲ +38% vs prior filing year
Operating runway
13.8mo
months of highly liquid reserves at operating expense rate▲ +7% vs prior filing year
Surplus margin
+14%
revenue over expenses, this year▼ -15% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$685K
FY2025▲ +13%
Expenses
$588K
FY2025▲ +16%
Total assets
$774K
FY2025▲ +16%
Total liabilities
$139
FY2025▼ -89%
Total revenue
$685K
Pt VIII · Ln 12
Total expenses
$588K
Pt IX · Ln 25
Net assets
$774K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$97K
Total assetsPt X · Ln 16$774K
Program-expense ratioPt IX · col B73%
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 $431K of program spending, described in the organization's own filed words · FY2025.
01

Revive night is an in-person program held weekly to support peer-to-peer learning and community building and includes life-skill workshops on topics such as parenting, domestic violence prevention, child abuse prevention, workforce development, leadership development, and optional spirtual formation courses.

$223Kprogram expense
02

The level up series are dedicated multi-workshop courses offering deeper dives into life skills topics that run consecutive weeks. The topics include financial literacy, mentoring, goal setting, grief support, mental health supports, and more.

$158Kprogram expense
03

The crisis care program provides subsistence items for families in need such as diapers, wipes, toiletries, gas cards, and bus passes. The program also provides housing referrals, mental health referrals, emergency case management, and emergency financial assistance.

$49Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CStep by Step INC
EINHdr · item D61-1313872
Principal addressHdr · item CLexington, KY
WebsiteHdr · item Jwww.sbslex.org
Year of formationHdr · item L1996
State of legal domicileHdr · item MKY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P45)
Ruling yearIRS BMFFeb 1997

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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$85,280Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Latanya Torp’s $85K as Executive Director is at the 77th percentile of top reported officer pay among 2165 $100K–1M 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2020
Latanya Torp$85,280
Latanya Torp$82,000$78,391$76,161$54,728

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$705K · 103%
Investment income$6K · 1%
Contributions & grants103%$705K
Investment income1%$6K
Total revenueLn 12$685K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.27
Program services73%$431K
Management & general27%$157K
Total functional expensesLn 25$588K

Balance Sheet

Part X · end of year
CashLn 1$530K
Total assetsLn 16$774K
Total liabilitiesLn 26$139
Total net assetsLn 32$774K
Months of cash on handcomputed10.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $670K · Operating expenses (Pt IX) $588K · Less non-cash grants $6K · Cash operating expenses/yr $582K
13.8 months
Where the money goes
Program services
Program services $431K · Total expenses $588K
73%
Management & General
Management & general $157K · Total expenses $588K
27%
Fundraising
Fundraising $0 · Total expenses $588K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $29K · Solicited contributions (3-yr avg) $597K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $705K · Total revenue $685K
103%
Government reliance
Government grants — · Total revenue $685K
Earned-income share
Program service revenue $0 · Total revenue $685K
0%
Investment reliance
Investment income $6K · Total revenue $685K
+0.8%
Program self-sufficiency
Program service revenue $0 · Total expenses $588K
0%
Growth & trend
Revenue growth (YoY)
This year $685K · Prior year $609K
+13%
Revenue CAGR
FY2020 $453K · FY2025 $685K
+9%
Net-asset trend (YoY)
End of year $774K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $685K · Expenses $588K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $774K
Net-asset ratio
Net assets $774K · Total assets $774K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $141K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $774K
18%
People & payroll
Highest Reported Total Compensation
Individual Latanya Torp · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $85K · Total expenses $588K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $391K · Total expenses $588K
66%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 27%
Revenue growth 13%

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
FY2025 (Latest)$685K revenue · viewing · ⤓ 990 PDF
FY2024$609K revenue · ⤓ 990 PDF
FY2023$487K revenue · ⤓ 990 PDF
FY2022$347K revenue · ⤓ 990 PDF
FY2021$460K revenue · ⤓ 990 PDF
FY2020$453K 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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