Key Opportunities INC

Hillsdale, MI · Public charity (501(c)(3))

✓ Tax-deductible
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

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 FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CKey Opportunities INC
EINHdr · item D38-2129773
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 1977
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CHillsdale, MI
NTEE classificationIRS BMFNonprofit

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 $0.92 Management & general $0.08
Program services92%$2.2M
Management & general8%$202K
Total functional expensesLn 25$2.4M

Financial health

Is it on solid ground?

Program efficiency
92%
of spending reaches programs▲ +0.7% vs prior filing year
Operating runway
88.6mo
months of highly liquid reserves at operating expense rate▼ -13% vs prior filing year
Surplus margin
+10%
revenue over expenses, this year▼ -51% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$19.2M
FY2025▲ +7%
Total assets by fiscal year
FY2020$13.0M
FY2021$15.5M
FY2022$13.2M
FY2023$14.8M
FY2024$17.9M
FY2025$19.2M
Total liabilities
$55K
FY2025▲ +49%
Total liabilities by fiscal year
FY2020$107K
FY2021$98K
FY2022$57K
FY2023$77K
FY2024$37K
FY2025$55K
Revenue less expensesPt I · Ln 19$254K
Total assetsPt X · Ln 16$19.2M
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Balance Sheet

Part X · end of year
CashLn 1$734K
Total assetsLn 16$19.2M
Total liabilitiesLn 26$55K
Total net assetsLn 32$19.1M
Months of cash on handcomputed3.6

Statement of Revenue

Part VIII
Program service revenue$1.6M · 59%
Investment income$685K · 26%
Contributions & grants$345K · 13%
Other revenue$65K · 2%
Program service revenue59%$1.6M
Investment income26%$685K
Contributions & grants13%$345K
Other revenue2%$65K
— government grantsLn 1e$343K
Total revenueLn 12$2.7M

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $17.8M · Operating expenses/yr $2.4M
88.6 months
Where the money goes
Program services
Program services $2.2M · Total expenses $2.4M
92%
Management & General
Management & general $202K · Total expenses $2.4M
8%
Fundraising
Fundraising $0 · Total expenses $2.4M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $5K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $345K · Total revenue $2.7M
13%
Government reliance
Government grants $343K · Total revenue $2.7M
13%
Earned-income share
Program service revenue $1.6M · Total revenue $2.7M
59%
Investment reliance
Investment income $685K · Total revenue $2.7M
+26%
Program self-sufficiency
Program service revenue $1.6M · Total expenses $2.4M
65%
Growth & trend
Revenue growth (YoY)
This year $2.7M · Prior year $2.4M
+12%
Revenue CAGR
FY2019 $2.1M · FY2024 $2.7M
+5%
Net-asset trend (YoY)
End of year $19.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.7M · Expenses $2.4M
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $19.2M
—
Net-asset ratio
Net assets $19.1M · Total assets $19.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $17.1M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $19.2M
89%
People & payroll
Highest Reported Total Compensation
Individual Julie Boyce · Reported title Executive Director · Highest reported compensation $160K · Total expenses $2.4M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.3M · Total expenses $2.4M
55%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 92%——
Overhead ratio 8%——
Fundraising cost ratio 0%——
Revenue growth 12%——
Investment management fee ratio 0.2%——
Accounting fee ratio 0.2%——

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 · 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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Governance & Policies

Part VI
  • 10Voting board membersPt VI · Ln 1a
  • 10Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • 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 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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Mission & Programs · Part III

Where the work happens

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

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $2.7M$2.4M+12% 990 PDF
FY2024 $2.4M$1.9M-5% 990 PDF
FY2023 $2.5M$1.9M-15% 990 PDF
FY2022 $3.0M$1.7M+16% 990 PDF
FY2021 $2.6M$1.5M+24% 990 PDF
FY2020 $2.1M$1.7M 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

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) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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