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Laredo Stepping Stone INC FY2022 filing

Tax-deductible

Laredo, TX501(c)(3)ReligionEIN 74-2952983Revenue $165K in FY2022

On file with the IRS6900 Mcpherson, 78041-6416 · Laredo, TXTax-exempt since Jul 2000Publicly supported charity — 170(b)(1)(A)(vi)

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To provide temporary lodging for missionaires preparing to leave on humanitarian journeys and to assist them in procuring needed supplies and logistical help.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
2 of 5
filings with a surplus
Average surplus $11K a year · 10% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
28 mo
of spending, in cash
Looks good: 28.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$165K
+53% vs prior year
Spent
$85K
To programs
99%
Net assets
$683K
By yearFY2020–FY2024
Revenue
$165K
FY2022▲ +53%
Tap a bar for its year
Revenue by fiscal year
FY2020$123K
FY2021$107K
FY2022$165K
FY2023$104K
FY2024$84K
Expenses
$85K
FY2022▼ -21%
Tap a bar for its year
Expenses by fiscal year
FY2020$106K
FY2021$109K
FY2022$85K
FY2023$111K
FY2024$115K
Net assets
$683K
FY2022▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$604K
FY2021$604K
FY2022$683K
FY2023$676K
FY2024$644K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2000.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $84K Management & general 1% · $987

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

2 people listed on the 990.

Part VII, Section A · reportable compensation
Gustavo Garcia
Vice Preside
$0Pt VII · Sec A
Terry Powell
Treasurer/Se
$0Pt VII · Sec A
See Laredo Stepping Stone 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

Offers temporary lodging and logistical help for missionaries preparing for humanitarian journeys.

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Provided by the organization

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1 program · $77K · in their own filed words · FY2022
01

The organization was able to provide temporary lodging and supplies for numerous religious groups preparing to embark on humanitarian missions.

$77Kprogram expense

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 · FY2021
Victorious Christian Harvesters INCFY2021$8K
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$165K
Ln 12
Gifts and grantsLn 1h$164K
Fees for servicesLn 2g$135
Money outPt IX
$85K
Ln 25
Programscol B$84K
Managementcol C$987
Owns and owesPt X
$683K
net assets · Ln 32
Cash and savingsLn 1–2$200K
Total assetsLn 16$685K
LiabilitiesLn 26$2K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$164K
Fees for servicesLn 2g$135
Total revenueLn 12$165K
Assets in detailPt X, end of year
CashLn 1$200K
Cash and savings togetherLn 1–2$200K
Land, buildings, equipmentLn 10c$143K
Other assetsLn 15$343K
Total assetsLn 16$685K
LiabilitiesLn 26$2K
Net assetsLn 32$683K
OperationsPt I, VI
EmployeesI 50
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 FY22End FY22
Cash and savingsLn 1–2$117K$200K
Land, buildings, equipmentLn 10c$150K$143K
Total assetsLn 16$605K$685K
LiabilitiesLn 26$990$2K
Net assetsLn 32$604K$683K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
OccupancyLn 16$3K$3K$167
Depreciation, depletion and amortizationLn 22$7K$7K$70
Other expenses (24a–d)Ln 24$64K$63K$637
All other expensesLn 24e$11K$11K$113
Total functional expensesLn 25$85K$84K$987$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $84K$115K−$31K$644K 990 PDF
FY2023 $104K$111K−$7K$676K 990 PDF
FY2022 Viewing $165K$85K$79K$683K 990 PDF
FY2021 $107K$109K−$1K$604K 990 PDF
FY2020 $123K$106K$17K$604K 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 FY2022 990 (6 parts)
Part I · Summary $164,569 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $101,935$164,434
I-9 Program service revenuePrior year $5,450$135
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $107,385$164,569
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $108,674$85,317
I-18 Total expensesPrior year $108,674$85,317
I-19 Revenue less expensesPrior year −$1,289$79,252
Part VI · Governance 0 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $164,569 across 4 lines filed
VIII-1f All other contributions, gifts and grants$164,434
VIII-1h Total contributions, gifts and grants$164,434
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $135$135
VIII-12 Total revenueRelated to mission $135$164,569
Part IX · Statement of functional expenses $85,317 across 4 lines filed
IX-16 OccupancyPrograms $3,173 · Management $167$3,340
IX-22 Depreciation, depletion and amortizationPrograms $6,968 · Management $70$7,038
IX-24 Other expenses (24a–d)Programs $63,050 · Management $637$63,687
IX-24e All other expensesPrograms $11,139 · Management $113$11,252
IX-25 Total functional expensesPrograms $84,330 · Management $987 · Fundraising $0$85,317
Part X · Balance sheet $685,167 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $117,109$199,570
X-4 Accounts receivableStart of year $50$50
X-10c Land, buildings and equipment, netStart of year $150,059$143,021
X-15 Other assetsStart of year $337,811$342,526
X-16 Total assetsStart of year $605,029$685,167
X-17 Accounts payable and accrued expenses$1,312
X-25 Other liabilitiesStart of year $990$898
X-26 Total liabilitiesStart of year $990$2,210
X-27 Net assets without donor restrictionsStart of year $604,039$682,957
X-32 Total net assets or fund balancesStart of year $604,039$682,957
X-33 Total liabilities and net assetsStart of year $605,029$685,167
Part XI · Reconciliation of net assets $682,957 net assets at year end
XI-1 Total revenue$164,569
XI-2 Total expenses$85,317
XI-3 Revenue less expenses$79,252
XI-4 Net assets at start of year$604,039
XI-9 Other changes in net assets−$334
XI-10 Net assets at end of year$682,957

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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