Project STEP Inc

Boston, MA, 02115 (617) 267-5777 Est. 1983 EIN 22-2505816
A6E0 - Arts, Culture & Humanities 990 - Public charity return 501(c)(3)
projectstep.org

Mission

Project STEP, Inc., (Project STEP) was incorporated as a not-for-profit corporation in 1983 under the laws of the Commonwealth of Massachusetts. Project STEP uses classical music training to bring positive change to the lives of students, their families, and their communities. The Organization identifies musically talented students from underrepresented racial and ethnic minorities at an early age and provides them with a comprehensive music program that prepares them to compete at the highest levels. Project STEP's goals are to expand the lives of students through music, helping them reach their potential, and to bring diversity to the field of classical music. By teaching the values of responsibility, respect, perseverance and joy in achievement through learning a string instrument, Project STEP develops strong, productive and happy adults.

Financials

Total Revenue
$1,776,978
Total Expenses
$1,094,053
Net Assets
$10,214,690
6 employees 10 volunteers
From latest filing (tax period ending 2025-06-30)

Financial Health

Operating Reserve
9.3 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 14.3%
Expenses ↑ 6.2%
Revenue Sources
Contributions 68.0% Earned revenue 0.8% Investment 31.4%
Expense Breakdown
Program 44.8% Management 32.6% Fundraising 22.6%

Officers & Key Employees (16)

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Grants Received (95)

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Filing History (8 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jul 1, 2024 to Jun 30, 2025
$1,776,978 ↑$1,094,053$10,214,690
2023 990 - Public charity return
Jul 1, 2023 to Jun 30, 2024
$1,554,797 ↓$1,030,190$9,339,187
2022 990 - Public charity return
Jul 1, 2022 to Jun 30, 2023
$6,539,500 ↑$772,822$8,858,983
2021 990 - Public charity return
Jul 1, 2021 to Jun 30, 2022
$889,419 ↑$733,464$2,964,175
2021 990 - Public charity return
Jul 1, 2021 to Jun 30, 2022
$817,605 ↓$745,571$2,875,182
2020 990 - Public charity return
Jul 1, 2020 to Jun 30, 2021
$1,064,600 ↑$684,200$3,401,100
2019 990 - Public charity return
Jul 1, 2019 to Jun 30, 2020
$828,100 ↑$607,100$2,511,200
2017 990 - Public charity return
Jul 1, 2017 to Jun 30, 2018
$759,239 $710,435$2,098,439

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EIN: 22-2505816 · Source: IRS Form 990 e-file data