Keys Corp EIN 16-1609790

Keys Corp

EIN  16-1609790 Public charity (501(c)(3)) Sherrill, NY Founded 2001
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Size
$100K–1M
What they do
Provides music therapy, education, and advocacy to improve lives.
Leadership
Amy Boulrice · President
Money in and out
$449K revenue, $448K expenses
Bottom line
94% program efficiency

Provides music therapy, education, and advocacy to improve lives. For fiscal year 2025 it reported $449K in revenue, $448K in expenses, and $102K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$449K
Pt VIII · Ln 12
Total expenses
$448K
Pt IX · Ln 25
Net assets
$102K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs0% vs prior filing year
Operating runway
1.6mo
months of highly liquid reserves at operating expense rate0% vs prior filing year
Surplus margin
0%
revenue over expenses, this year▲ +102% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$449K
FY2025▲ +23%
Expenses
$448K
FY2025▲ +11%
Total assets
$119K
FY2025▼ -9%
Total liabilities
$17K
FY2025▼ -42%
Total revenue
$449K
Pt VIII · Ln 12
Total expenses
$448K
Pt IX · Ln 25
Net assets
$102K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1K
Total assetsPt X · Ln 16$119K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $420K of program spending, described in the organization's own filed words · FY2025.
01

Music Outreach

Keys provided 4,069 music therapy sessions to 856 children battling CANCER/SERIOUS illnesses, breast cancer patients and those in need of healing,keys music therapists and musicians recorded 30 new music videos for the keys kids network reaching over 266 children's hospitals and sites across the us.

$373Kprogram expense
02

Family Respite Days

Keys hosted 6 smile experence family respite days including: slingshot racing experience for 4 keys teens at utica rome speedway; friendly summer fun fest and friendly car show for kids events in hamilton for 45 keys kids and their families, along with over 1,870 families in the community; and the dumac sponsored dream ride experience…

$45Kprogram expense
03

Smile Concerts

Keys hosted 10 smile concerts and 4 backyard concerts that celebrated a keys kid each concert, 5,593 attend the concerts in person and 19,732 people from across the us(and the world)tuned in to share messages of love, joy and hope with keys kids & their families.

$2Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKeys Corp
EINHdr · item D16-1609790
Principal addressHdr · item CSherrill, NY
WebsiteHdr · item Jwww.thekeysprogram.org
Year of formationHdr · item L2001
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A68)
Ruling yearIRS BMFMar 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A

Colleen Bennett’s $43K as Executive Director is at the 38th percentile of top reported officer pay among 2213 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Contributions & grants$402K · 90%
Other revenue$47K · 10%
Contributions & grants90%$402K
Other revenue10%$47K
Total revenueLn 12$449K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$420K
Management & general6%$28K
Total functional expensesLn 25$448K

Balance Sheet

Part X · end of year
CashLn 1$59K
Total assetsLn 16$119K
Total liabilitiesLn 26$17K
Total net assetsLn 32$102K
Months of cash on handcomputed1.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $59K · Operating expenses/yr $448K
1.6 months
Where the money goes
Program services
Program services $420K · Total expenses $448K
94%
Management & General
Management & general $28K · Total expenses $448K
6%
Fundraising
Fundraising $0 · Total expenses $448K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $145 · Solicited contributions (3-yr avg) $333K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $402K · Total revenue $449K
90%
Government reliance
Government grants — · Total revenue $449K
Earned-income share
Program service revenue $0 · Total revenue $449K
0%
Investment reliance
Investment income $-45 · Total revenue $449K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $448K
0%
Growth & trend
Revenue growth (YoY)
This year $449K · Prior year $366K
+23%
Revenue CAGR
FY2020 $95K · FY2025 $449K
+37%
Net-asset trend (YoY)
End of year $102K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $449K · Expenses $448K
0%
Liabilities-to-Assets
Total liabilities — · Total assets $119K
Net-asset ratio
Net assets $102K · Total assets $119K
86%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $119K
0%
People & payroll
Highest Reported Total Compensation
Individual Amy Boulrice · Reported title President · Highest reported compensation $0 · Total expenses $448K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $256K · Total expenses $448K
57%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Revenue growth 23%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 15 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$449K revenue · viewing · ⤓ 990 PDF
FY2024$366K revenue · ⤓ 990 PDF
FY2023$316K revenue · ⤓ 990 PDF
FY2022$271K revenue · ⤓ 990 PDF
FY2021$266K revenue · ⤓ 990 PDF
FY2020$95K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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