Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1998.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
89 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
24 people listed on the 990; $136K paid to officers and key staff.
Dr Stephen Herzenberg’s $136K as Former Executive Director is at the 34th percentile of top reported officer pay among 145 $1–10M social science 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.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Dr Marc Stier | — | $30,376 | $109,017 | $136,451 | $112,333 | $106,458 |
| Dr Stephen Herzenberg | $136,134 | $129,528 | $123,188 | $117,776 | $116,912 | $115,225 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Researches economic and civic problems, proposing solutions through reports and public discussion.
Questions for Keystone Research Center INC
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The organization operates through the collaborative efforts of Pennsylvania citizens drawn from academia, labor, religious and business organizations. It is dedicated to using research and collaboration to propose workable policy alternatives.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $757K | $564K |
| Land, buildings, equipmentLn 10c | $38K | $27K |
| Total assetsLn 16 | $940K | $851K |
| LiabilitiesLn 26 | $419K | $442K |
| Net assetsLn 32 | $522K | $408K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $176K | $176K | ||
| Pay of current officers, directors and key staffLn 5 | $145K | $122K | $23K | $638 |
| Other salaries and wagesLn 7 | $531K | $446K | $83K | $2K |
| Pension plan contributionsLn 8 | $15K | $12K | $2K | $65 |
| Other employee benefitsLn 9 | $61K | $51K | $9K | $266 |
| Payroll taxesLn 10 | $51K | $43K | $8K | $226 |
| Accounting feesLn 11c | $45K | $38K | $7K | $201 |
| Other fees for servicesLn 11g | $345K | $336K | $9K | $3 |
| Advertising and promotionLn 12 | $18K | $15K | $3K | $81 |
| Office expensesLn 13 | $16K | $13K | $2K | $70 |
| OccupancyLn 16 | $19K | $16K | $3K | $81 |
| TravelLn 17 | $23K | $19K | $4K | $101 |
| Conferences, conventions and meetingsLn 19 | $2K | $2K | $319 | $9 |
| InterestLn 20 | $3K | $3K | $528 | $15 |
| Depreciation, depletion and amortizationLn 22 | $15K | $12K | $2K | $64 |
| InsuranceLn 23 | $2K | $1K | $254 | $8 |
| Other expenses (24a–d)Ln 24 | $33K | $27K | $5K | $142 |
| All other expensesLn 24e | $4K | $0 | $4K | $0 |
| Total functional expensesLn 25 | $1.5M | $1.3M | $166K | $4K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $1.4M | $1.5M | −$114K | $408K | 990 PDF |
| FY2024Filed with the IRS Jul 10, 2025 | $1.4M | $1.4M | −$32K | $522K | 990 PDF |
| FY2023Filed with the IRS Jul 12, 2024 | $1.1M | $2.0M | −$842K | $553K | 990 PDF |
| FY2022Filed with the IRS Jul 13, 2023 | $2.2M | $2.2M | $13K | $1.4M | 990 PDF |
| FY2021Filed with the IRS Jul 15, 2022 | $5.0M | $4.6M | $376K | $1.4M | 990 PDF |
| FY2020Filed with the IRS Jul 1, 2022 | $2.0M | $1.7M | $251K | $1.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $1,389,208 revenue, 12 lines filed
Part VI · Governance 22 of 22 board members independent, no flags
Part VIII · Statement of revenue $1,389,208 across 7 lines filed
Part IX · Statement of functional expenses $1,502,723 across 18 lines filed
Part X · Balance sheet $850,771 assets, 16 lines filed
Part XI · Reconciliation of net assets $408,285 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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