StepStones for Youth
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
A+
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
89%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 89 cents are available for programs.
My anchor
OVERVIEW
About StepStones for Youth:
StepStones for Youth is a 5-star charity with a strong results reporting grade. It is financially transparent and has overhead spending within Ci’s reasonable range.
Co-founded in 2004 by Executive Director Heather O’Keefe, StepStones for Youth works to provide urgently required support for vulnerable foster care youth in Toronto. According to the charity, just under 12,000 children and youth are in Ontario's child welfare system. When these youth age out of government care, they lack stable support and guardian care. As a result, youth from the foster care system face homelessness, low rates of education, and mental health challenges. StepStones reports that 70% of homeless youth have experienced some form of abuse. Additionally, 56% of youth from foster care drop out of high school (compared to 15% of the general population), and only 1% attend post-secondary education.
A Charity Intelligence 2023 Top 100 Rated Charity
StepStones’ Youth Support Services program supports foster care children in housing, education, and mentorship. The charity provides wrap-around support intensely focused on helping youth in care. In F2022, it provided 14,560 hours of counseling and service navigation, 175 emergency food and care packages, and held 51 workshops for youth. The charity reported serving 312 youth in F2022.
StepStones follows a ‘housing first’ model. The charity helps youth secure safe and stable housing by locating available units, attending viewings, negotiating with landlords, purchasing furniture, and providing subsidies. In F2022, it provided 140 housing subsidies.
My anchor
Results and Impact
Through education support, StepStones helps combat the low education rate for youth in foster care. In F2022, the charity reported that it helped 82% of youth in its program attend or graduate from high school. StepStones also helps stabilize the mental health of youth in its program. After one year of joining StepStones, 75% of youth identified as having stable mental health or accessing mental health supports, compared to 7% at intake. The charity also reported 86% of youth were in stable housing after six months at StepStones. When joining the StepStones program, 31% of youth had the necessary government-issued ID. After six months in the program, 85% of the youth had the necessary ID.
While Charity Intelligence highlights these key results, they may not be a complete representation of StepStones for Youth's results. This charity is not yet rated on impact (n/r).
My anchor
Finances
In F2022, StepStones for Youth received $1.5m in donations. It also received $236k in government funding in F2022, representing 13% of total revenues. Administrative costs are 6% of total revenues, and fundraising costs are 5% of donations. This results in total overhead spending of 11%. For every dollar donated, 89 cents go to the cause, which is within Ci’s reasonable range for overhead spending.
StepStones has $1.6m in reserve funds, which could cover 14 months of its annual program costs.
Updated on July 10, 2023 by Krystie Nguyen.
Financial Review
Fiscal year ending December
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 5.8% | 5.7% | 9.2% |
| Fundraising costs as % of donations | 5.2% | 8.4% | 7.4% |
| Total overhead spending | 11.0% | 14.1% | 16.6% |
| Program cost coverage (%) | 120.2% | 175.7% | 152.6% |
Summary Financial StatementsAll figures in $s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 1,548,683 | 1,253,716 | 788,908 |
| Government funding | 236,243 | 171,645 | 284,291 |
| Other income | 3,762 | 3,125 | 4,841 |
| Total revenues | 1,788,688 | 1,428,486 | 1,078,040 |
| Program costs | 1,365,702 | 883,497 | 734,361 |
| Administrative costs | 103,899 | 81,248 | 99,382 |
| Fundraising costs | 80,003 | 105,821 | 58,498 |
| Total spending | 1,549,604 | 1,070,566 | 892,241 |
| Cash flow from operations | 239,084 | 357,920 | 185,799 |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 1,642,094 | 1,551,922 | 1,120,951 |
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
3 |
< $40k |
6 |
Information from most recent CRA Charities Directorate filings for F2021
My anchor
Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: (416)-893-5196