Keystone Development Center INC FY2021 filing

Tax-deductible

Harrisburg, PA501(c)(3)Community DevelopmentEIN 25-1832121

Provide technical and research assistance to groups who wish to organize as cooperatives

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
$94K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $34K a year · 7% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$94K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $65K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$31K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$419K
-7% vs prior year
Spent
$373K
To programs
67%
Net assets
$233K
By yearFY2020–FY2024
Revenue
$419K
FY2021▼ -7%
Revenue by fiscal year
FY2020$449K
FY2021$419K
FY2022$471K
FY2023$408K
FY2024$525K
Expenses
$373K
FY2021▼ -6%
Expenses by fiscal year
FY2020$395K
FY2021$373K
FY2022$384K
FY2023$444K
FY2024$507K
Net assets
$233K
FY2021▲ +25%
Net assets by fiscal year
FY2020$186K
FY2021$233K
FY2022$320K
FY2023$284K
FY2024$301K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CKeystone Development Center INC
EINHdr · item D25-1832121
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 2019
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CHarrisburg, PA
NTEE classificationIRS BMFCommunity Development (S30)
WebsiteHdr · item Jwww.kdc.coop

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.26 Fundraising $0.07
Program services67%$248K
Management & general26%$97K
Fundraising7%$28K
Total functional expensesLn 25$373K

Financial health

Is it on solid ground?

Program efficiency
67%
of spending reaches programs
Operating runway
5.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$264K
FY2021▲ +13%
Total assets by fiscal year
FY2020$233K
FY2021$264K
FY2022$354K
FY2023$332K
FY2024$376K
Total liabilities
$31K
FY2021▼ -34%
Total liabilities by fiscal year
FY2020$46K
FY2021$31K
FY2022$35K
FY2023$48K
FY2024$75K
Revenue less expensesPt I · Ln 19$46K
Total assetsPt X · Ln 16$264K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$170K
Total assetsLn 16$264K
Total liabilitiesLn 26$31K
Total net assetsLn 32$233K
Months of cash on handcomputed5.5

Statement of Revenue

Part VIII
Contributions & grants$404K · 96%
Program service revenue$15K · 4%
Contributions & grants96%$404K
Program service revenue4%$15K
Investment income$300
— government grantsLn 1e$403K
Total revenueLn 12$419K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $170K · Operating expenses/yr $373K
5.5 months
Where the money goes
Program services
Program services $248K · Total expenses $373K
67%
Management & General
Management & general $97K · Total expenses $373K
26%
Fundraising
Fundraising $28K · Total expenses $373K
7%
Cost to raise $1
Fundraising expense (2-yr avg) $14K · Solicited contributions (2-yr avg) $3K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $404K · Total revenue $419K
96%
Government reliance
Government grants $403K · Total revenue $419K
96%
Earned-income share
Program service revenue $15K · Total revenue $419K
4%
Investment reliance
Investment income $300 · Total revenue $419K
+0.07%
Program self-sufficiency
Program service revenue $15K · Total expenses $373K
4%
Growth & trend
Revenue growth (YoY)
This year $419K · Prior year $449K
-7%
Net-asset trend (YoY)
End of year $233K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $419K · Expenses $373K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $264K
—
Net-asset ratio
Net assets $233K · Total assets $264K
88%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $264K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Margaret R Fogarty End 1221 · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $94K · Total expenses $373K
25%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $265K · Total expenses $373K
71%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 67%——
Overhead ratio 26%——
Fundraising cost ratio 7%——
Revenue growth -7%——
Legal fee ratio 1%——
Accounting fee ratio 1%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$94,196Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Sectretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President / Act. Exec. Dir.
$0Pt VII · Sec A
$0Pt VII · Sec A

Noemi Giszpenc’s $76K as Executive Director is at the 52nd percentile of top reported officer pay among 1708 $100K–1M community development 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Margaret R Fogarty————$99,318
Margaret R Fogarty End 1221———$94,196—
Noemi Giszpenc$75,721$5,808———
William Walker——$12,000——

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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Governance & Policies

Part VI
  • 11Voting board membersPt VI · Ln 1a
  • 11Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Helps groups organize as cooperatives with technical and research support.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $248K of program spending, described in the organization's own filed words · FY2021.
01

Provide technical and research assistance to cooperatively owned businesses, as well as educational programming.

$248Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 3 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $525K$507K+29% 990 PDF
FY2023 $408K$444K-13% 990 PDF
FY2022 $471K$384K+12% 990 PDF
FY2021 Viewing $419K$373K-7% 990 PDF
FY2020 $449K$395K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2021

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $372,816 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $69,008 · Management $19,716 · Fundraising $9,859$98,583
IX-7 Other salaries and wagesPrograms $93,237 · Management $26,639 · Fundraising $13,319$133,195
IX-9 Other employee benefitsPrograms $8,270 · Management $2,364 · Fundraising $1,182$11,816
IX-10 Payroll taxesPrograms $14,974 · Management $4,278 · Fundraising $2,139$21,391
IX-11b Legal feesManagement $4,570$4,570
IX-11c Accounting feesPrograms $2,156 · Management $3,233$5,389
IX-11g Other fees for servicesPrograms $43,609 · Management $17,253$60,862
IX-12 Advertising and promotionPrograms $948 · Management $758 · Fundraising $190$1,896
IX-13 Office expensesPrograms $2,005 · Management $2,114$4,119
IX-16 OccupancyPrograms $3,055 · Management $3,055$6,110
IX-17 TravelPrograms $2,056 · Fundraising $228$2,284
IX-23 InsuranceManagement $7,020$7,020
IX-24 Other expenses (24a–d)Programs $8,690 · Management $5,932 · Fundraising $959$15,581
IX-25 Total functional expensesPrograms $248,008 · Management $96,932 · Fundraising $27,876$372,816

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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