The Next Step Foundation Inc
The Next Step Foundation Inc is a private foundation, based in Huntsville, AL. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $73K in total assets. In 2023, it made $250 in qualifying distributions. Net investment income was $335.
The Next Step Foundation Inc at a glance
- Total assets
- $73,245
- +122.6% vs 2022
- Revenue (2023)
- $41,174
- +94.2% vs 2022
- Qualifying distributions (2023)
- $250
- -88.4% vs 2022
- Expenses (2023)
- $829
- -61.4% vs 2022
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who The Next Step Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How The Next Step Foundation Inc gives
- In 2023 it paid out 7% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2022 it made 1 grant totaling $2K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Science of Sport Tucson, AZ | For elementary and middle school students to improve their academic performance | $1,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2023 | $73,245 | $41,174 | $829 | — | — | $250 | $335 | $3,501 |
| 2022 | $32,900 | $21,200 | $2,150 | $1,500 | 1 | $2,150 | — | $723 |
| 2021 | $13,850 | $14,340 | $490 | — | — | $490 | — | $217 |
Under IRS private-foundation payout rules, The Next Step Foundation Inc reported a distributable amount of $4K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Next Step Foundation Inc's 2023 filing lists 3 officers; none of the 3 officers listed in 2023 report compensation.
Officers on the 2023 filing
Jonn Kim
Member
On filings since 2020
1 hr/week
No compensation reported
Scott W. Faulkner
Member
On filings since 2020
1 hr/week
No compensation reported
Todd McAdams
Member
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Next Step Foundation Inc
How large is The Next Step Foundation Inc?
The Next Step Foundation Inc reported $73K in total assets on its 2023 IRS Form 990-PF. It paid out $250 in qualifying distributions that year, against a required minimum of $4K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does The Next Step Foundation Inc operate?
The Next Step Foundation Inc has awarded grants in Arizona.
What is The Next Step Foundation Inc's EIN?
The Next Step Foundation Inc's EIN (Employer Identification Number) is 84-2444141. IRS Form 990 filing data is available on this page for 2020–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2023
Live grants for the work The Next Step Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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