Spare Key: FY2020 Nonprofit Profile & Form 990 (EIN 41-1888767)

Sarah Rocklitz’s $93K as Executive Di is at the 68th percentile of top reported officer pay among 1708 $100K–1M community development 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 · 4 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Erich Mische	—	—	—	—	$141,816	$137,783
Erich Mische Through 103122	—	—	—	$119,892	—	—
Sarah Putnam	—	—	$101,113	$88,850	—	—
Sarah Rocklitz	$93,316	$99,839	—	—	—	—

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 families facing medical crises fundraise for care and stay with loved ones.

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1 program · $825K · in their own filed words · FY2020

01

Since 1997, spare key has been hard at work serving families with housing grants. We are proud and privileged to have been able to serve over 4,000 families with $4 million in housing grants during that time. Our motto,"no matter the illness. No matter the injury. No matter the income.

$825Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

The Richard M Schulze Family FoundationFY2024$35K

Edina Realty FoundationFY2024$27K

Herman Robert E Charitable Tr MainFY2024$25K

Spire Credit UnionFY2024$22K

Pajor Family Foundation TrFY2024$20K

Fidelity Investments Charitable Gift FundFY2024$20K

Danbury FoundationFY2024$20K

Saint Paul & Minnesota FoundationFY2024$10K

Total grants receivedfrom 11 funders$196K

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Grants paid · 39 grants · $1.3M · 2020–2025

Unitemized GrantFY2025$106,989

Unitemized GrantFY2025$102,827

Unitemized GrantFY2025$11,913

Unitemized GrantFY2025$9,796

Unitemized GrantFY2025$3,672

Unitemized GrantFY2025$500

Unitemized GrantFY2024$73,477

Unitemized GrantFY2024$66,914

Unitemized GrantFY2024$5,891

Unitemized GrantFY2024$3,705

Unitemized GrantFY2024$1,667

Unitemized GrantFY2024$857

Unitemized GrantFY2023$123,411

Unitemized GrantFY2023$112,593

Unitemized GrantFY2023$16,297

Unitemized GrantFY2023$10,934

Unitemized GrantFY2023$7,006

Unitemized GrantFY2023$305

See all 39 grants →

By the numbers

The FY2020 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$1.2M

Ln 12

Gifts and grantsLn 1h$1.4M

Investment incomeLn 3$290

Money outPt IX

$1.1M

Ln 25

Programscol B$825K

Managementcol C$36K

Fundraisingcol D$197K

Owns and owesPt X

$571K

net assets · Ln 32

Cash and savingsLn 1–2$544K

Total assetsLn 16$606K

LiabilitiesLn 26$35K

PeoplePt VI, VII

23

listed · VII A

PaidVII A1

Voting boardVI 1a22

IndependentVI 1b22

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.4M

Government grantsLn 1e$61K

Noncash giftsLn 1g$1K

Fundraising eventsLn 1c$756K

Investment incomeLn 3$290

Total revenueLn 12$1.2M

Assets in detailPt X, end of year

CashLn 1$544K

Cash and savings togetherLn 1–2$544K

Land, buildings, equipmentLn 10c$21K

Other assetsLn 15$3K

Total assetsLn 16$606K

LiabilitiesLn 26$35K

Net assetsLn 32$571K

OperationsPt I, VI

EmployeesI 55

VolunteersI 6200

Fiscal year endsHeaderDecember

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$509K	$544K
Land, buildings, equipmentLn 10c	$30K	$21K
Total assetsLn 16	$575K	$606K
LiabilitiesLn 26	$127K	$35K
Net assetsLn 32	$447K	$571K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$352K	$352K
Pay of current officers, directors and key staffLn 5	$142K	$71K	$14K	$57K
Other salaries and wagesLn 7	$267K	$255K	$6K	$6K
Pension plan contributionsLn 8	$8K	$8K	$182	$100
Other employee benefitsLn 9	$23K	$19K	$1K	$4K
Payroll taxesLn 10	$33K	$27K	$2K	$5K
Accounting feesLn 11c	$25K	$25K
Other fees for servicesLn 11g	$7K	$5K	$1K	$993
Advertising and promotionLn 12	$7K	$4K		$3K
Office expensesLn 13	$5K	$4K	$625	$270
Information technologyLn 14	$12K	$9K	$262	$2K
OccupancyLn 16	$34K	$19K	$6K	$9K
TravelLn 17	$2K	$1K	$102	$652
Conferences, conventions and meetingsLn 19	$3K	$3K
Depreciation, depletion and amortizationLn 22	$17K	$9K	$3K	$5K
InsuranceLn 23	$4K	$2K		$2K
Other expenses (24a–d)Ln 24	$116K	$13K	$1K	$103K
Total functional expensesLn 25	$1.1M	$825K	$36K	$197K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$946K	$879K	$67K	$926K	990 PDF
FY2024	$817K	$675K	$142K	$858K	990 PDF
FY2023	$892K	$788K	$104K	$716K	990 PDF
FY2022	$998K	$953K	$45K	$612K	990 PDF
FY2021	$831K	$867K	−$36K	$535K	990 PDF
FY2020 Viewing	$1.2M	$1.1M	$124K	$571K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $1,181,171 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $475,509$1,360,948

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $333$290

I-11 Other revenuePrior year $162,184−$180,067

I-12 Total revenuePrior year $638,026$1,181,171

I-13 Grants and similar amounts paidPrior year $51,610$351,904

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $366,862$474,091

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $242,524$231,662

I-18 Total expensesPrior year $660,996$1,057,657

I-19 Revenue less expensesPrior year −$22,970$123,514

Part VI · Governance 22 of 22 board members independent, no flags

VI-1a Voting members of the governing body22

VI-1b Independent voting members22

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 $1,181,171 across 8 lines filed

VIII-1c Fundraising events$756,313

VIII-1e Government grants$61,200

VIII-1f All other contributions, gifts and grants$543,435

VIII-1g Noncash contributions (included above)$1,000

VIII-1h Total contributions, gifts and grants$1,360,948

VIII-3 Investment incomeExcluded from tax $290$290

VIII-8 Net income from fundraising eventsExcluded from tax −$180,067−$180,067

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$179,777$1,181,171

Part IX · Statement of functional expenses $1,057,657 across 17 lines filed

IX-2 Grants to domestic individualsPrograms $351,904$351,904

IX-5 Pay of current officers, directors and key staffPrograms $71,117 · Management $14,223 · Fundraising $56,894$142,234

IX-7 Other salaries and wagesPrograms $255,011 · Management $6,466 · Fundraising $5,619$267,096

IX-8 Pension plan contributionsPrograms $7,805 · Management $182 · Fundraising $100$8,087

IX-9 Other employee benefitsPrograms $18,728 · Management $1,171 · Fundraising $3,512$23,411

IX-10 Payroll taxesPrograms $26,611 · Management $1,663 · Fundraising $4,989$33,263

IX-11c Accounting feesPrograms $25,068$25,068

IX-11g Other fees for servicesPrograms $4,819 · Management $1,368 · Fundraising $993$7,180

IX-12 Advertising and promotionPrograms $3,677 · Fundraising $2,907$6,584

IX-13 Office expensesPrograms $3,874 · Management $625 · Fundraising $270$4,769

IX-14 Information technologyPrograms $9,234 · Management $262 · Fundraising $2,046$11,542

IX-16 OccupancyPrograms $18,613 · Management $5,753 · Fundraising $9,476$33,842

IX-17 TravelPrograms $1,366 · Management $102 · Fundraising $652$2,120

IX-19 Conferences, conventions and meetingsPrograms $3,137$3,137

IX-22 Depreciation, depletion and amortizationPrograms $9,296 · Management $2,873 · Fundraising $4,732$16,901

IX-23 InsurancePrograms $2,032 · Fundraising $2,033$4,065

IX-24 Other expenses (24a–d)Programs $12,506 · Management $1,267 · Fundraising $102,681$116,454

IX-25 Total functional expensesPrograms $824,798 · Management $35,955 · Fundraising $196,904$1,057,657

Part X · Balance sheet $605,909 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $509,242$543,803

X-3 Pledges and grants receivable$32,500

X-4 Accounts receivableStart of year $1,032$1,032

X-9 Prepaid expenses and deferred chargesStart of year $30,908$4,272

X-10c Land, buildings and equipment, netStart of year $30,450$21,175

X-15 Other assetsStart of year $3,127$3,127

X-16 Total assetsStart of year $574,759$605,909

X-17 Accounts payable and accrued expensesStart of year $16,219$33,465

X-19 Deferred revenueStart of year $111,200$1,590

X-26 Total liabilitiesStart of year $127,419$35,055

X-27 Net assets without donor restrictionsStart of year $422,340$545,854

X-28 Net assets with donor restrictionsStart of year $25,000$25,000

X-32 Total net assets or fund balancesStart of year $447,340$570,854

X-33 Total liabilities and net assetsStart of year $574,759$605,909

Part XI · Reconciliation of net assets $570,854 net assets at year end

XI-1 Total revenue$1,181,171

XI-2 Total expenses$1,057,657

XI-3 Revenue less expenses$123,514

XI-4 Net assets at start of year$447,340

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$570,854

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Spare Key FY2020 filing

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