Key Opportunities INC

Tax-deductible

Hillsdale, MI501(c)(3)EIN 38-2129773

Key opportunites shall seek to assist citizens with handicapping conditions or disadvantages to attain the fullest development and independence of which they are capable and

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$160K 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

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $647K a year · 26% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$160K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $21
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$55K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+12% vs prior year
Spent
$2.4M
To programs
92%
Net assets
$19.1M
By yearFY2020–FY2025
Revenue
$2.7M
FY2025▲ +12%
Revenue by fiscal year
FY2020$2.1M
FY2021$2.6M
FY2022$3.0M
FY2023$2.5M
FY2024$2.4M
FY2025$2.7M
Expenses
$2.4M
FY2025▲ +26%
Expenses by fiscal year
FY2020$1.7M
FY2021$1.5M
FY2022$1.7M
FY2023$1.9M
FY2024$1.9M
FY2025$2.4M
Net assets
$19.1M
FY2025▲ +7%
Net assets by fiscal year
FY2020$12.9M
FY2021$15.4M
FY2022$13.1M
FY2023$14.8M
FY2024$17.8M
FY2025$19.1M

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1977.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $2.2M Management & general 8% · $202K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

11 people listed on the 990; $160K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$159,850Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Julie Boyce$159,850$110,000$107,506$95,532$88,535$87,763

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

Helps people with disabilities achieve independence and reach their full potential.

Provided by the organization

This section is blank until Key Opportunities INC claims this page.

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3 program services account for $818K of program spending, described in the organization's own filed words · FY2024.
01

Sheltered Workshop

assisted individuals with disabilities in developing skills & work behaviors to their maximum potential through on-the-job training and skill building. 14 individuals were served in this program.

$342Kprogram expense
02

New Freedom Transportation

transportation for citizens with handicapping conditions that fall outside the organizations other transportation programs (mostly for medical office visits) 478 individuals were served in this program.

$289Kprogram expense
03

Skill Building

engaged participants in a variety of activities that assist with developing community awareness, independence through volunteerism, and entrepreneurship. 54 individuals were served in this program.

$187Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$21

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Fees for servicesLn 2g$1.6M
Investment incomeLn 3$685K
Gifts and grantsLn 1h$345K
Money outPt IX
$2.4M
Ln 25
Programscol B$2.2M
Managementcol C$202K
Owns and owesPt X
$19.1M
net assets · Ln 32
Cash and savingsLn 1–2$734K
Total assetsLn 16$19.2M
LiabilitiesLn 26$55K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$345K
Government grantsLn 1e$343K
Fees for servicesLn 2g$1.6M
Investment incomeLn 3$685K
Other incomeLn 4–11$65K
Gains on assetsLn 7$181K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$734K
Cash and savings togetherLn 1–2$734K
InvestmentsLn 11–13$17.1M
Land, buildings, equipmentLn 10c$987K
Total assetsLn 16$19.2M
LiabilitiesLn 26$55K
Net assetsLn 32$19.1M
OperationsPt I, VI
EmployeesI 5192
VolunteersI 60
Fiscal year endsHeaderSeptember
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 FY25End FY25
Cash and savingsLn 1–2$822K$734K
InvestmentsLn 11–13$15.4M$17.1M
Land, buildings, equipmentLn 10c$1.4M$987K
Total assetsLn 16$17.9M$19.2M
LiabilitiesLn 26$37K$55K
Net assetsLn 32$17.8M$19.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$160K$80K$80K$0
Other salaries and wagesLn 7$904K$861K$43K$0
Pension plan contributionsLn 8$19K$12K$7K$0
Other employee benefitsLn 9$175K$162K$13K$0
Payroll taxesLn 10$82K$70K$12K$0
Accounting feesLn 11c$6K$6K$360$0
Investment management feesLn 11f$39K$0$39K$0
Advertising and promotionLn 12$6K$6K$0$0
Office expensesLn 13$64K$63K$1K$0
Conferences, conventions and meetingsLn 19$13K$12K$766$0
Depreciation, depletion and amortizationLn 22$154K$154K$0$0
InsuranceLn 23$49K$49K$0$0
Other expenses (24a–d)Ln 24$596K$595K$307$0
All other expensesLn 24e$150K$144K$6K$0
Total functional expensesLn 25$2.4M$2.2M$202K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.7M$2.4M$254K$19.1M 990 PDF
FY2024 $2.4M$1.9M$465K$17.8M 990 PDF
FY2023 $2.5M$1.9M$574K$14.8M 990 PDF
FY2022 $3.0M$1.7M$1.2M$13.1M 990 PDF
FY2021 $2.6M$1.5M$1.0M$15.4M 990 PDF
FY2020 $2.1M$1.7M$331K$12.9M 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $2,670,199 across 9 lines filed
Lines not itemized here account for $161,831 of total revenue; see the IRS return.
VIII-1e Government grants$342,586
VIII-1f All other contributions, gifts and grants$2,814
VIII-1h Total contributions, gifts and grants$345,400
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$1,434,351
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $504,331$504,331
VIII-6 Net rental income or lossExcluded from tax $15,699$15,699
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $180,655$180,655
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $27,932$27,932
VIII-12 Total revenueRelated to mission $1,574,975 · Unrelated business $0 · Excluded from tax $749,824$2,670,199
Part IX · Statement of functional expenses $2,416,392 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $79,925 · Management $79,925 · Fundraising $0$159,850
IX-7 Other salaries and wagesPrograms $861,143 · Management $43,345 · Fundraising $0$904,488
IX-8 Pension plan contributionsPrograms $11,859 · Management $7,054 · Fundraising $0$18,913
IX-9 Other employee benefitsPrograms $162,166 · Management $12,754 · Fundraising $0$174,920
IX-10 Payroll taxesPrograms $70,154 · Management $12,014 · Fundraising $0$82,168
IX-11c Accounting feesPrograms $5,540 · Management $360 · Fundraising $0$5,900
IX-11f Investment management feesPrograms $0 · Management $38,644 · Fundraising $0$38,644
IX-12 Advertising and promotionPrograms $6,446 · Management $0 · Fundraising $0$6,446
IX-13 Office expensesPrograms $63,386 · Management $1,099 · Fundraising $0$64,485
IX-19 Conferences, conventions and meetingsPrograms $11,778 · Management $766 · Fundraising $0$12,544
IX-22 Depreciation, depletion and amortizationPrograms $153,875 · Management $0 · Fundraising $0$153,875
IX-23 InsurancePrograms $48,662 · Management $0 · Fundraising $0$48,662
IX-24 Other expenses (24a–d)Programs $595,358 · Management $307 · Fundraising $0$595,665
IX-24e All other expensesPrograms $143,865 · Management $5,967 · Fundraising $0$149,832
IX-25 Total functional expensesPrograms $2,214,157 · Management $202,235 · Fundraising $0$2,416,392
Part X · Balance sheet $19,158,469 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $821,510$733,827
X-4 Accounts receivableStart of year $177,626$223,278
X-8 Inventories for sale or useStart of year $11,300$61,676
X-9 Prepaid expenses and deferred chargesStart of year $28,104$36,838
X-10c Land, buildings and equipment, netStart of year $1,411,685$987,324
X-11 Publicly traded securitiesStart of year $15,416,122$17,115,526
X-16 Total assetsStart of year $17,866,347$19,158,469
X-17 Accounts payable and accrued expensesStart of year $36,720$54,626
X-26 Total liabilitiesStart of year $36,720$54,626
X-27 Net assets without donor restrictionsStart of year $17,829,627$19,103,843
X-32 Total net assets or fund balancesStart of year $17,829,627$19,103,843
X-33 Total liabilities and net assetsStart of year $17,866,347$19,158,469
Part XI · Reconciliation of net assets $19,103,843 net assets at year end
XI-1 Total revenue$2,670,199
XI-2 Total expenses$2,416,392
XI-3 Revenue less expenses$253,807
XI-4 Net assets at start of year$17,829,627
XI-5 Net unrealized gains (losses) on investments$1,020,409
XI-10 Net assets at end of year$19,103,843

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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