Kcq INC FY2021 filing

Faribault, MNUnknown exempt organizationEIN 41-1492566Revenue $834K in FY2021

On file with the IRSkcqinc.com402 Heritage Place · Faribault, MN

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Provide training, placement counseling to handicapped persons in employment activities.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
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
3 of 4
filings with a surplus
Average surplus $128K a year · 19% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 18.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$39K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$834K
Spent
$611K
To programs
100%
Net assets
$1.3M
By yearFY2021–FY2024
Revenue
$834K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$834K
FY2022$801K
FY2023$759K
FY2024$286K
Expenses
$611K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$611K
FY2022$607K
FY2023$598K
FY2024$352K
Net assets
$1.3M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$1.3M
FY2022$1.4M
FY2023$1.6M
FY2024$0

From the FY2021 Form 990 (year ending June 2021) · 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $611K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Kcq INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps disabled people find jobs through training and counseling.

Provided by the organization

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2 programs · $611K · in their own filed words · FY2020
01

Provice training to handicapped persons in employment activities

$592Kprogram expense
02

Provide placement, consulting and education services

$19Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$834K
Ln 12
Fees for servicesLn 2g$715K
Gifts and grantsLn 1h$107K
Investment incomeLn 3$12K
Money outPt IX
$611K
Ln 25
Programscol B$611K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$926K
Total assetsLn 16$1.3M
LiabilitiesLn 26$39K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$107K
Government grantsLn 1e$98K
Fees for servicesLn 2g$715K
Investment incomeLn 3$12K
Gains on assetsLn 7−$530
Total revenueLn 12$834K
Assets in detailPt X, end of year
CashLn 1$58K
SavingsLn 2$868K
Cash and savings togetherLn 1–2$926K
InvestmentsLn 11–13$314K
Land, buildings, equipmentLn 10c$6K
Total assetsLn 16$1.3M
LiabilitiesLn 26$39K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 539
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$798K$926K
InvestmentsLn 11–13$302K$314K
Land, buildings, equipmentLn 10c$3K$6K
Total assetsLn 16$1.2M$1.3M
LiabilitiesLn 26$121K$39K
Net assetsLn 32$1.0M$1.3M
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$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$310K$310K
Pension plan contributionsLn 8$3K$3K
Other employee benefitsLn 9$54K$54K
Payroll taxesLn 10$24K$24K
Management feesLn 11a$38K$38K
Legal feesLn 11b$18K$18K
Accounting feesLn 11c$36K$36K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$204$204
Office expensesLn 13$12K$12K
Information technologyLn 14$5K$5K
RoyaltiesLn 15$0
OccupancyLn 16$29K$29K
TravelLn 17$9K$9K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$18K$18K
Other expenses (24a–d)Ln 24$53K$53K
All other expensesLn 24e$0
Total functional expensesLn 25$611K$611K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $286K$352K−$66K$0 990 PDF
FY2023 $759K$598K$161K$1.6M 990 PDF
FY2022 $801K$607K$194K$1.4M 990 PDF
FY2021 Viewing $834K$611K$222K$1.3M 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 $833,548 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,005$106,564
I-9 Program service revenuePrior year $730,095$715,478
I-10 Investment incomePrior year $12,773$11,506
I-11 Other revenue$0
I-12 Total revenuePrior year $744,873$833,548
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $405,733$390,694
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $182,868$220,562
I-18 Total expensesPrior year $588,601$611,256
I-19 Revenue less expensesPrior year $156,272$222,292
Part VI · Governance 0 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $833,548 across 7 lines filed
VIII-1e Government grants$97,889
VIII-1f All other contributions, gifts and grants$8,675
VIII-1h Total contributions, gifts and grants$106,564
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $715,478$715,478
VIII-3 Investment incomeRelated to mission $12,036$12,036
VIII-7 Net gain or loss on sales of assetsRelated to mission −$530−$530
VIII-12 Total revenueRelated to mission $726,984$833,548
Part IX · Statement of functional expenses $611,256 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 staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $309,951$309,951
IX-8 Pension plan contributionsPrograms $3,377$3,377
IX-9 Other employee benefitsPrograms $53,691$53,691
IX-10 Payroll taxesPrograms $23,675$23,675
IX-11a Management feesPrograms $37,778$37,778
IX-11b Legal feesPrograms $18,474$18,474
IX-11c Accounting feesPrograms $35,957$35,957
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $204$204
IX-13 Office expensesPrograms $12,262$12,262
IX-14 Information technologyPrograms $5,461$5,461
IX-15 Royalties$0
IX-16 OccupancyPrograms $28,800$28,800
IX-17 TravelPrograms $9,452$9,452
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $1,156$1,156
IX-23 InsurancePrograms $18,205$18,205
IX-24 Other expenses (24a–d)Programs $52,813$52,813
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $611,256 · Management $0 · Fundraising $0$611,256
Part X · Balance sheet $1,309,367 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $47,576$58,076
X-2 Savings and temporary cash investmentsStart of year $750,125$867,780
X-4 Accounts receivableStart of year $56,207$57,407
X-9 Prepaid expenses and deferred chargesStart of year $3,628$5,986
X-10c Land, buildings and equipment, netStart of year $2,908$6,162
X-11 Publicly traded securitiesStart of year $301,715$313,956
X-16 Total assetsStart of year $1,162,159$1,309,367
X-17 Accounts payable and accrued expensesStart of year $36,813$38,757
X-26 Total liabilitiesStart of year $121,088$38,757
X-27 Net assets without donor restrictionsStart of year $1,041,071$1,270,610
X-32 Total net assets or fund balancesStart of year $1,041,071$1,270,610
X-33 Total liabilities and net assetsStart of year $1,162,159$1,309,367
Part XI · Reconciliation of net assets $1,270,610 net assets at year end
XI-1 Total revenue$833,548
XI-2 Total expenses$611,256
XI-3 Revenue less expenses$222,292
XI-4 Net assets at start of year$1,041,071
XI-5 Net unrealized gains (losses) on investments$7,247
XI-10 Net assets at end of year$1,270,610

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

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