Steppingstone Day School Inc

Steppingstone Day School Inc. consistently operates with minimal surplus and reports 0% officer compensation.

EIN: 112658604 · Flushing, NY · NTEE: B28Z · Updated: 2026-03-28

$24.3MRevenue

$8.4MAssets

92/100Mission Score (Excellent)

B28Z

About Steppingstone Day School Inc

Steppingstone Day School Inc (EIN: 112658604) is a nonprofit organization based in Flushing, NY, classified under NTEE code B28Z. The organization reported total revenue of $24.3M and total assets of $8.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Steppingstone Day School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Steppingstone Day School Inc. demonstrates consistent financial operations with revenues closely matching expenses across all reported periods. For instance, in 2023, revenue was $21,323,473 against expenses of $21,015,863, indicating a very lean operational margin. This pattern suggests a focus on direct program delivery rather than accumulating significant surpluses. The organization's assets have shown growth, increasing from $4,886,244 in 2014 to $7,010,267 in 2023, which is a positive trend for long-term stability. However, the liabilities have also grown proportionally, indicating that asset growth may be tied to increased operational scale rather than substantial unrestricted reserves.

The organization's spending efficiency appears high given the tight margins between revenue and expenses. This suggests that a large portion of funds are directly utilized for its mission. The consistent reporting of 0% officer compensation across all filings is a significant indicator of transparency and a commitment to directing resources towards programs rather than executive salaries. This practice is highly commendable and contributes positively to its overall financial health and public trust. The NTEE code B28Z (Special Education) aligns with the organization's name, suggesting a clear mission focus.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Steppingstone Day School Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 4%
programs: 95%
fundraising: 1%

According to IRS 990 filings, Steppingstone Day School Inc allocates its expenses as follows: admin: 4%, programs: 95%, fundraising: 1%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, which is exceptional for an organization of this size with revenues exceeding $20 million, indicating a strong commitment to directing funds to its mission.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Steppingstone Day School Inc's IRS 990 filings:

Consistently high liabilities relative to assets, suggesting reliance on external funding or operational debt.

Strengths

The following positive indicators were identified for Steppingstone Day School Inc:

Consistent reporting of 0% officer compensation across all filings.
Very high program spending efficiency due to tight revenue-expense margins.
Steady revenue growth over the past decade, indicating expanding services.
Clear mission alignment with NTEE code B28Z (Special Education).

Frequently Asked Questions about Steppingstone Day School Inc

Is Steppingstone Day School Inc. a good charity?

Based on the provided financial data, Steppingstone Day School Inc. appears to be a very good charity. It consistently operates with very tight margins, indicating efficient use of funds, and notably reports 0% officer compensation, which is a strong positive indicator of financial integrity and mission focus.

How has Steppingstone Day School Inc.'s revenue grown over time?

Steppingstone Day School Inc. has shown consistent revenue growth, increasing from $16,816,589 in 2014 to $21,323,473 in 2023, demonstrating a steady expansion of its operations and services.

What is the organization's approach to executive compensation?

The organization reports 0% officer compensation across all 12 available filings, indicating that no salaries or benefits are paid to its officers, which is an extremely rare and positive financial practice for a nonprofit of this scale.

Does Steppingstone Day School Inc. maintain healthy asset levels?

Yes, the organization's assets have grown from $4,886,244 in 2014 to $7,010,267 in 2023, indicating a positive trend in its financial stability and capacity.

Filing History

IRS 990 filing history for Steppingstone Day School Inc showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Steppingstone Day School Inc's revenue has grown by 26.3%, moving from $16.9M to $21.3M. Total assets increased by 36.5% over the same period, from $5.1M to $7.0M. Total functional expenses rose by 23.9%, from $17.0M to $21.0M. In its most recent filing year (2023), Steppingstone Day School Inc reported a surplus of $308K, with revenue exceeding expenses. The organization holds $5.2M in liabilities against $7.0M in assets (debt-to-asset ratio: 74.7%), resulting in net assets of $1.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$21.3M	$21.0M	$7.0M	$5.2M	—	View 990
2022	$18.9M	$18.8M	$5.7M	$4.2M	—	View 990
2021	$17.1M	$17.1M	$6.9M	$5.5M	—	View 990
2020	$17.8M	$17.9M	$4.9M	$3.5M	—	View 990
2019	$18.1M	$18.1M	$5.1M	$3.7M	—	View 990
2018	$18.1M	$18.1M	$5.2M	$3.8M	—	View 990
2017	$17.5M	$17.5M	$4.9M	$3.4M	—	View 990
2016	$17.3M	$17.3M	$5.3M	$3.9M	—	View 990
2015	$16.9M	$17.0M	$4.5M	$3.0M	—	View 990
2014	$16.8M	$16.8M	$4.9M	$3.4M	—	View 990
2013	$16.7M	$16.8M	$5.1M	$3.6M	—	View 990
2012	$16.9M	$17.0M	$5.1M	$3.6M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $21.3M, expenses of $21.0M, and assets of $7.0M (revenue +12.9% year-over-year).
2022: Revenue of $18.9M, expenses of $18.8M, and assets of $5.7M (revenue +10.1% year-over-year).
2021: Revenue of $17.1M, expenses of $17.1M, and assets of $6.9M (revenue -3.8% year-over-year).
2020: Revenue of $17.8M, expenses of $17.9M, and assets of $4.9M (revenue -1.6% year-over-year).
2019: Revenue of $18.1M, expenses of $18.1M, and assets of $5.1M (revenue +-0.0% year-over-year).
2018: Revenue of $18.1M, expenses of $18.1M, and assets of $5.2M (revenue +3.5% year-over-year).
2017: Revenue of $17.5M, expenses of $17.5M, and assets of $4.9M (revenue +1.4% year-over-year).
2016: Revenue of $17.3M, expenses of $17.3M, and assets of $5.3M (revenue +2.1% year-over-year).
2015: Revenue of $16.9M, expenses of $17.0M, and assets of $4.5M (revenue +0.6% year-over-year).
2014: Revenue of $16.8M, expenses of $16.8M, and assets of $4.9M (revenue +0.6% year-over-year).
2013: Revenue of $16.7M, expenses of $16.8M, and assets of $5.1M (revenue -1.0% year-over-year).
2012: Revenue of $16.9M, expenses of $17.0M, and assets of $5.1M.

Data Sources and Methodology

This transparency report for Steppingstone Day School Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.