The Keystone Group FY2021 filing

North Kingstown, RIUnknown exempt organizationEIN 27-1974358Revenue $2.0M in FY2021

On file with the IRSthekeystonegroupri.org1130 Ten Rod Road Suite D 207-208 · North Kingstown, RI

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To help organizations maximize their resources, the Keystone Group offers a full-spectrum of services: financial, human resources, marketing and public relations and information technology.

79¢ of each $1 spent went to programs.
$92K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $47K a year · 2% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$92K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$303K
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 6 voting members
Looks good: 4 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
+3% vs prior year
Spent
$2.0M
To programs
79%
Net assets
$474K
By yearFY2020–FY2022
Revenue
$2.0M
FY2021▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$2.0M
FY2022$2.1M
FY2022$572K
Expenses
$2.0M
FY2021▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.9M
FY2021$2.0M
FY2022$2.1M
FY2022$788K
Net assets
$474K
FY2021▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$461K
FY2021$474K
FY2022$518K
FY2022$0

From the FY2021 Form 990 (year ending June 2021) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $1.6M Management & general 21% · $409K

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

7 people listed on the 990; $92K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$92,262Pt VII · Sec A
$0Pt VII · Sec A
Executive VP
$0Pt VII · Sec A
President (leave of Absence)
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2022FY2021FY2020
Thomas P Kane$120,887$6,036——
Lisa Rafferty—$79,724$92,262$90,320

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.

See The Keystone Group executive salaries →

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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

Provides financial, HR, marketing, PR, and IT services to help organizations maximize resources.

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Provided by the organization

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1 program · $1.6M · in their own filed words · FY2020
01

The organization provides strength and stability for its affiliates. They build strategic alliances, offer innovation and expertise and provide essential services so members can achieve their missions.

$1.6Mprogram expense

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 · FY2023
Total grants receivedfrom 1 funder$16

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$2.0M
Other incomeLn 4–11$55K
Gifts and grantsLn 1h$17
Money outPt IX
$2.0M
Ln 25
Programscol B$1.6M
Managementcol C$409K
Owns and owesPt X
$474K
net assets · Ln 32
Cash and savingsLn 1–2$293K
Total assetsLn 16$777K
LiabilitiesLn 26$303K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$17
Fees for servicesLn 2g$2.0M
Other incomeLn 4–11$55K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$293K
Cash and savings togetherLn 1–2$293K
Land, buildings, equipmentLn 10c$17K
Other assetsLn 15$1K
Total assetsLn 16$777K
LiabilitiesLn 26$303K
Net assetsLn 32$474K
OperationsPt I, VI
EmployeesI 529
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$296K$293K
Land, buildings, equipmentLn 10c$10K$17K
Total assetsLn 16$784K$777K
LiabilitiesLn 26$323K$303K
Net assetsLn 32$461K$474K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$115K$115K
Other salaries and wagesLn 7$1.2M$1.1M$107K
Pension plan contributionsLn 8$13K$9K$4K
Other employee benefitsLn 9$280K$196K$84K
Payroll taxesLn 10$97K$68K$29K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$100K$80K$20K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$78K$70K$8K
Information technologyLn 14$63K$57K$6K
OccupancyLn 16$30K$27K$3K
TravelLn 17$2K$1K$154
Conferences, conventions and meetingsLn 19$3K$3K
Depreciation, depletion and amortizationLn 22$4K$3K$354
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$2.0M$1.6M$409K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 $2.1M$2.1M$44K$518K 990 PDF
FY2021 Viewing $2.0M$2.0M$11K$474K 990 PDF
FY2020 $2.0M$1.9M$87K$461K 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
See the full FY2021 990 (6 parts)
Part I · Summary $2,005,959 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $27$17
I-9 Program service revenuePrior year $1,902,892$1,950,464
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $49,247$55,478
I-12 Total revenuePrior year $1,952,166$2,005,959
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,543,976$1,686,395
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $320,805$309,037
I-18 Total expensesPrior year $1,864,781$1,995,432
I-19 Revenue less expensesPrior year $87,385$10,527
Part VI · Governance 4 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,005,959 across 5 lines filed
VIII-1f All other contributions, gifts and grants$17
VIII-1h Total contributions, gifts and grants$17
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,950,464$1,950,464
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $55,478$55,478
VIII-12 Total revenueRelated to mission $2,005,942 · Unrelated business $0 · Excluded from tax $0$2,005,959
Part IX · Statement of functional expenses $1,995,432 across 16 lines filed
IX-5 Pay of current officers, directors and key staffManagement $114,749$114,749
IX-7 Other salaries and wagesPrograms $1,073,861 · Management $106,566$1,180,427
IX-8 Pension plan contributionsPrograms $9,314 · Management $3,992$13,306
IX-9 Other employee benefitsPrograms $196,291 · Management $84,125$280,416
IX-10 Payroll taxesPrograms $68,248 · Management $29,249$97,497
IX-11c Accounting feesManagement $14,400$14,400
IX-11g Other fees for servicesPrograms $80,400 · Management $20,100$100,500
IX-12 Advertising and promotionManagement $3,008$3,008
IX-13 Office expensesPrograms $69,760 · Management $7,751$77,511
IX-14 Information technologyPrograms $56,545 · Management $6,283$62,828
IX-16 OccupancyPrograms $27,093 · Management $3,010$30,103
IX-17 TravelPrograms $1,390 · Management $154$1,544
IX-19 Conferences, conventions and meetingsManagement $2,669$2,669
IX-22 Depreciation, depletion and amortizationPrograms $3,180 · Management $354$3,534
IX-23 InsuranceManagement $10,550$10,550
IX-24 Other expenses (24a–d)Management $2,390$2,390
IX-25 Total functional expensesPrograms $1,586,082 · Management $409,350 · Fundraising $0$1,995,432
Part X · Balance sheet $776,981 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $296,467$292,929
X-4 Accounts receivableStart of year $449,085$443,395
X-9 Prepaid expenses and deferred charges$22,101
X-10c Land, buildings and equipment, netStart of year $9,525$17,256
X-15 Other assetsStart of year $28,697$1,300
X-16 Total assetsStart of year $783,774$776,981
X-17 Accounts payable and accrued expensesStart of year $192,233$172,389
X-25 Other liabilitiesStart of year $130,580$130,580
X-26 Total liabilitiesStart of year $322,813$302,969
X-32 Total net assets or fund balancesStart of year $460,961$474,012
X-33 Total liabilities and net assetsStart of year $783,774$776,981
Part XI · Reconciliation of net assets $474,012 net assets at year end
XI-1 Total revenue$2,005,959
XI-2 Total expenses$1,995,432
XI-3 Revenue less expenses$10,527
XI-4 Net assets at start of year$460,961
XI-8 Prior period adjustments$2,524
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$474,012

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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