Keystone Alliance FY2021 filing

Tax-deductible

Chicago, IL501(c)(3)Since 2009Health CareEIN 30-0582110Revenue $2.4M in FY2021

On file with the IRSkeystonealliance.org1925 N Clybourn Ave, 60614-4946 · Chicago, ILTax-exempt since Jun 2010Supporting org, Type II — 509(a)(3)

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Keystone Alliance is an administrative services provider founded by nonprofits for nonprofits. Keystone Alliance services empower mission based organizations through collaboration, innovation, and advocacy. Keystone Alliance currently provides services to non-profit organizations including three of its affiliates. Like its affiliates, Keystone Alliance was founded on the simple belief that communities are made better when all their citizens get the chance to contribute.

501(c)(3) charity; gifts are tax-deductible.
$588K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · 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
5 of 5
filings with a surplus
Average surplus $129K a year · 5% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$588K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $170K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$771K
75% of total assets
Worth a look: liabilities are 75% of assets; over 65%.
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
$2.4M
+4% vs prior year
Spent
$2.3M
To programs
0%
Net assets
$254K
By yearFY2020–FY2024
Revenue
$2.4M
FY2021▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.3M
FY2021$2.4M
FY2022$2.6M
FY2023$3.2M
FY2024$3.5M
FY2024$4.2M
Expenses
$2.3M
FY2021▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$2.3M
FY2022$2.4M
FY2023$2.9M
FY2024$3.5M
FY2024$4.0M
Net assets
$254K
FY2021▲ +49%
Tap a bar for its year
Net assets by fiscal year
FY2020$170K
FY2021$254K
FY2022$469K
FY2023$783K
FY2024$798K
FY2024$956K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2010.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $2.3M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990; $588K 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
President/CEO
$156,589Pt VII · Sec A
Chief Information Officer
$146,733Pt VII · Sec A
Assistant Treasurer
$127,946Pt VII · Sec A
Senior Development Officer
$83,825Pt VII · Sec A
Assistant Secretary
$73,156Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Greg Petersen’s $210K as President/CEO is at the 75th percentile of top reported officer pay among 3128 $1–10M health care 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 · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Greg Petersen$210,291$192,864$182,879$188,614$156,589—
Kimberly Berenberg$193,436$180,613$166,728$158,882——
Ernesto Hernandez$158,517$143,734$139,652$140,959$146,733$142,556
Tom Kenter$156,634$61,180————
Judith Caribeaux$141,425$126,647————
Linda Coleman$136,664$138,438$140,882$131,799$127,946$124,002
Samantha Lipscomb$114,231—————
Samantha Zajac—$98,112$83,844$70,678$73,156—

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

Provides administrative services like finance, HR, and IT to mission-based organizations.

Questions for Keystone Alliance

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Keystone alliance was created to provide administrative services for mission-based organizations. Keystone alliance services include executive and financial management, information technology, human resources, and communications.

Pt IX · col B

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
Total grants receivedfrom 1 funder$170K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Other incomeLn 4–11$2.3M
Gifts and grantsLn 1h$60K
Money outPt IX
$2.3M
Ln 25
Managementcol C$2.3M
Owns and owesPt X
$254K
net assets · Ln 32
Cash and savingsLn 1–2$902K
Total assetsLn 16$1.0M
LiabilitiesLn 26$771K
PeoplePt VI, VII
16
listed · VII A
PaidVII A5
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$60K
Other incomeLn 4–11$2.3M
Gains on assetsLn 7$0
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$902K
SavingsLn 2$0
Cash and savings togetherLn 1–2$902K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$5K
Other assetsLn 15$101K
Total assetsLn 16$1.0M
LiabilitiesLn 26$771K
Net assetsLn 32$254K
OperationsPt I, VI
EmployeesI 529
VolunteersI 610
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$375K$902K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$6K$5K
Total assetsLn 16$736K$1.0M
LiabilitiesLn 26$566K$771K
Net assetsLn 32$170K$254K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$201K$201K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1.2M$1.2M
Pension plan contributionsLn 8$120K$120K
Other employee benefitsLn 9$141K$141K
Payroll taxesLn 10$109K$109K
Management feesLn 11a$0
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$106K$106K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$35K$35K
Advertising and promotionLn 12$0
Office expensesLn 13$12K$12K
Information technologyLn 14$55K$55K
RoyaltiesLn 15$0
OccupancyLn 16$165K$165K
TravelLn 17$9K$9K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$173$173
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$17K$17K
Other expenses (24a–d)Ln 24$57K$57K
Total functional expensesLn 25$2.3M$0$2.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $3.5M$3.5M$15K$798K 990 PDF
FY2023 $3.2M$2.9M$314K$783K 990 PDF
FY2022 $2.6M$2.4M$215K$469K 990 PDF
FY2021 Viewing $2.4M$2.3M$83K$254K 990 PDF
FY2020 $2.3M$2.2M$20K$170K 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 $2,358,365 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$60,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $2,265,616$2,298,365
I-12 Total revenuePrior year $2,265,616$2,358,365
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 $1,819,494$1,815,142
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $426,306$459,726
I-18 Total expensesPrior year $2,245,800$2,274,868
I-19 Revenue less expensesPrior year $19,816$83,497
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $2,358,365 across 9 lines filed
VIII-1f All other contributions, gifts and grants$60,000
VIII-1h Total contributions, gifts and grants$60,000
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,298,365$2,298,365
VIII-12 Total revenueRelated to mission $2,298,365$2,358,365
Part IX · Statement of functional expenses $2,274,868 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $201,102$201,102
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $1,244,457$1,244,457
IX-8 Pension plan contributionsManagement $120,060$120,060
IX-9 Other employee benefitsManagement $140,612$140,612
IX-10 Payroll taxesManagement $108,911$108,911
IX-11a Management fees$0
IX-11b Legal feesManagement $1,778$1,778
IX-11c Accounting feesManagement $105,887$105,887
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $34,629$34,629
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $12,321$12,321
IX-14 Information technologyManagement $55,314$55,314
IX-15 Royalties$0
IX-16 OccupancyManagement $164,550$164,550
IX-17 TravelManagement $9,016$9,016
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $173$173
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $2,585$2,585
IX-23 InsuranceManagement $16,912$16,912
IX-24 Other expenses (24a–d)Management $56,561$56,561
IX-25 Total functional expensesPrograms $0 · Management $2,274,868 · Fundraising $0$2,274,868
Part X · Balance sheet $1,024,529 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $374,910$902,157
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $13,012$16,816
X-10c Land, buildings and equipment, netStart of year $5,961$4,699
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $342,361$100,857
X-16 Total assetsStart of year $736,244$1,024,529
X-17 Accounts payable and accrued expensesStart of year $5,055$4,146
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $561,141$766,838
X-26 Total liabilitiesStart of year $566,196$770,984
X-27 Net assets without donor restrictionsStart of year $170,048$253,545
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $170,048$253,545
X-33 Total liabilities and net assetsStart of year $736,244$1,024,529
Part XI · Reconciliation of net assets $253,545 net assets at year end
XI-1 Total revenue$2,358,365
XI-2 Total expenses$2,274,868
XI-3 Revenue less expenses$83,497
XI-4 Net assets at start of year$170,048
XI-10 Net assets at end of year$253,545

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

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