Key Concepts INC EIN 27-4100877 Form 990 (PDF) Claim this org

Key Concepts INC FY2021 filing

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Trains future leaders to serve communities as humanitarian goodwill ambassadors. For fiscal year 2021 it reported $559K in revenue, $483K in expenses, and $352K in net assets.Pt I

Type
Public charity (501(c)(3)) · Public & Societal Benefit
Location
Fort Wayne, IN
Website
keyconceptsint.org
Filings
5 on file (2020–2021)
Revenue
$559KFY2021
Expenses
$483K
Net assets
$352K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-4100877 Public charity (501(c)(3)) Fort Wayne, IN
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Trains future leaders to serve communities as humanitarian goodwill ambassadors.
Leadership
Lee Deturk · President
Money in and out
$559K revenue, $483K expenses
Bottom line
83% program efficiency
Where the money goes · FY2021
Total revenue
$559K
Pt VIII · Ln 12
Total expenses
$483K
Pt IX · Ln 25
Net assets
$352K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $76K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.15 Fundraising $0.02
Program efficiency
83%
of spending reaches programs
Operating runway
8.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$559K
FY2021▲ +14%
Expenses
$483K
FY2021▲ +7%
Total assets
$355K
FY2021▲ +28%
Total liabilities
$3K
FY2021▲ +190%
Total revenue
$559K
Pt VIII · Ln 12
Total expenses
$483K
Pt IX · Ln 25
Net assets
$352K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$76K
Total assetsPt X · Ln 16$355K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKey Concepts INC
EINHdr · item D27-4100877
Principal addressHdr · item CFort Wayne, IN
WebsiteHdr · item Jkeyconceptsint.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFPublic & Societal Benefit (W70)
Ruling yearIRS BMFFeb 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $403K of program spending, described in the organization's own filed words · FY2021.
01

Leadership Development Training

Our staff includes personnel located in the united states and abroad that recruit, train, equip, enable and nurture national leaders. In 2021, we supported 7 instructors conducting leadership training in france, egypt, indonesia, israel, malaysia and turkey.

$403Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$557K
Investment income$2K
Total revenueLn 12$559K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.15 Fundraising $0.02
Program services83%$403K
Management & general15%$71K
Fundraising2%$10K
Total functional expensesLn 25$483K

Balance Sheet

Part X · end of year
CashLn 1$355K
Total assetsLn 16$355K
Total liabilitiesLn 26$3K
Total net assetsLn 32$352K
Months of cash on handcomputed8.8

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $355K · Operating expenses/yr $483K
8.8 months
Where the money goes
Program services
Program services $403K · Total expenses $483K
83%
Management & General
Management & general $71K · Total expenses $483K
15%
Fundraising
Fundraising $10K · Total expenses $483K
2%
Cost to raise $1
Fundraising expense (2-yr avg) $10K · Solicited contributions (2-yr avg) $524K
$0.02 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $557K · Total revenue $559K
100%
Government reliance
Government grants — · Total revenue $559K
Earned-income share
Program service revenue $0 · Total revenue $559K
0%
Investment reliance
Investment income $2K · Total revenue $559K
+0.3%
Program self-sufficiency
Program service revenue $0 · Total expenses $483K
0%
Growth & trend
Revenue growth (YoY)
This year $559K · Prior year $493K
+14%
Net-asset trend (YoY)
End of year $352K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $559K · Expenses $483K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $355K
Net-asset ratio
Net assets $352K · Total assets $355K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $355K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lee Deturk · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $483K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $228K · Total expenses $483K
47%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 15%
Fundraising cost ratio 2%
Revenue growth 14%
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.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$15K

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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
FY2024 (Latest)$531K revenue · ⤓ 990 PDF
FY2023$507K revenue · ⤓ 990 PDF
FY2022$595K revenue · ⤓ 990 PDF
FY2021$559K revenue · viewing · ⤓ 990 PDF
FY2020$493K revenue · ⤓ 990 PDF

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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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