Montgomery Step Foundation INC

Tax-deductible

Montgomery, AL501(c)(3)EIN 63-0986017

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Youth services

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$55K 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

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $37K a year · 16% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$55K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 10.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$198K
-8% vs prior year
Spent
$209K
To programs
81%
Net assets
$201K
By yearFY2020–FY2024
Revenue
$198K
FY2024▼ -8%
Revenue by fiscal year
FY2020$219K
FY2021$204K
FY2022$238K
FY2023$279K
FY2024$216K
FY2024$198K
Expenses
$209K
FY2024▲ +8%
Expenses by fiscal year
FY2020$186K
FY2021$189K
FY2022$199K
FY2023$203K
FY2024$195K
FY2024$209K
Net assets
$201K
FY2024▼ -5%
Net assets by fiscal year
FY2020$62K
FY2021$77K
FY2022$116K
FY2023$192K
FY2024$213K
FY2024$201K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1989.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $169K Management & general 19% · $41K

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

10 people listed on the 990; $55K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$55,009Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Montgomery Step Foundation 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

Montgomery Step Foundation INC is a nonprofit based in Montgomery, AL.

Provided by the organization

This section is blank until Montgomery Step Foundation INC claims this page.

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1 program service account for $169K of program spending, described in the organization's own filed words · FY2024.
01

Provide community support for disadvantaged youth

$169Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$198K
Ln 12
Gifts and grantsLn 1h$198K
Investment incomeLn 3$83
Money outPt IX
$209K
Ln 25
Programscol B$169K
Managementcol C$41K
Owns and owesPt X
$201K
net assets · Ln 32
Cash and savingsLn 1–2$187K
Total assetsLn 16$211K
LiabilitiesLn 26$10K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$198K
Government grantsLn 1e$131K
Investment incomeLn 3$83
Total revenueLn 12$198K
Assets in detailPt X, end of year
CashLn 1$187K
Cash and savings togetherLn 1–2$187K
Land, buildings, equipmentLn 10c$5K
Other assetsLn 15$5K
Total assetsLn 16$211K
LiabilitiesLn 26$10K
Net assetsLn 32$201K
OperationsPt I, VI
EmployeesI 55
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$194K$187K
Land, buildings, equipmentLn 10c$6K$5K
Total assetsLn 16$220K$211K
LiabilitiesLn 26$7K$10K
Net assetsLn 32$213K$201K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$55K$50K$6K
Other salaries and wagesLn 7$93K$84K$9K
Other employee benefitsLn 9$360$180$180
Payroll taxesLn 10$11K$10K$1K
Accounting feesLn 11c$4K$3K$971
Office expensesLn 13$8K$4K$4K
Information technologyLn 14$300$300
OccupancyLn 16$4K$3K$1K
TravelLn 17$4K$844$3K
Conferences, conventions and meetingsLn 19$460$46$414
Depreciation, depletion and amortizationLn 22$2K$2K$746
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$19K$13K$6K
All other expensesLn 24e$1K$336$981
Total functional expensesLn 25$209K$169K$41K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $216K$195K$21K$213K 990 PDF
FY2023 $279K$203K$76K$192K 990 PDF
FY2022 $238K$199K$39K$116K 990 PDF
FY2021 $204K$189K$15K$77K 990 PDF
FY2020 $219K$186K$32K$62K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $197,968 across 5 lines filed
VIII-1e Government grants$131,295
VIII-1f All other contributions, gifts and grants$66,590
VIII-1h Total contributions, gifts and grants$197,885
VIII-3 Investment incomeExcluded from tax $83$83
VIII-12 Total revenueExcluded from tax $83$197,968
Part IX · Statement of functional expenses $209,318 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $49,508 · Management $5,501$55,009
IX-7 Other salaries and wagesPrograms $84,013 · Management $9,335$93,348
IX-9 Other employee benefitsPrograms $180 · Management $180$360
IX-10 Payroll taxesPrograms $10,214 · Management $1,135$11,349
IX-11c Accounting feesPrograms $2,914 · Management $971$3,885
IX-13 Office expensesPrograms $3,596 · Management $4,213$7,809
IX-14 Information technologyManagement $300$300
IX-16 OccupancyPrograms $2,730 · Management $1,170$3,900
IX-17 TravelPrograms $844 · Management $3,376$4,220
IX-19 Conferences, conventions and meetingsPrograms $46 · Management $414$460
IX-22 Depreciation, depletion and amortizationPrograms $1,735 · Management $746$2,481
IX-23 InsuranceManagement $6,246$6,246
IX-24 Other expenses (24a–d)Programs $12,688 · Management $5,946$18,634
IX-24e All other expensesPrograms $336 · Management $981$1,317
IX-25 Total functional expensesPrograms $168,804 · Management $40,514 · Fundraising $0$209,318
Part X · Balance sheet $211,241 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $194,467$186,756
X-3 Pledges and grants receivableStart of year $16,499$11,867
X-9 Prepaid expenses and deferred chargesStart of year $1,937$1,981
X-10c Land, buildings and equipment, netStart of year $5,574$5,449
X-15 Other assetsStart of year $1,591$5,188
X-16 Total assetsStart of year $220,068$211,241
X-17 Accounts payable and accrued expensesStart of year $5,721$4,647
X-25 Other liabilitiesStart of year $1,591$5,188
X-26 Total liabilitiesStart of year $7,312$9,835
X-27 Net assets without donor restrictionsStart of year $212,756$201,406
X-32 Total net assets or fund balancesStart of year $212,756$201,406
X-33 Total liabilities and net assetsStart of year $220,068$211,241
Part XI · Reconciliation of net assets $201,406 net assets at year end
XI-1 Total revenue$197,968
XI-2 Total expenses$209,318
XI-3 Revenue less expenses−$11,350
XI-4 Net assets at start of year$212,756
XI-10 Net assets at end of year$201,406

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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