Spare Key: FY2021 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 · $678K · in their own filed words · FY2021

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.

$678Kprogram 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

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By the numbers

The FY2021 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$831K

Ln 12

Gifts and grantsLn 1h$973K

Investment incomeLn 3$115

Money outPt IX

$867K

Ln 25

Programscol B$678K

Managementcol C$36K

Fundraisingcol D$152K

Owns and owesPt X

$535K

net assets · Ln 32

Cash and savingsLn 1–2$582K

Total assetsLn 16$616K

LiabilitiesLn 26$81K

PeoplePt VI, VII

22

listed · VII A

PaidVII A1

Voting boardVI 1a20

IndependentVI 1b20

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$973K

Noncash giftsLn 1g$25K

Fundraising eventsLn 1c$418K

Investment incomeLn 3$115

Total revenueLn 12$831K

Assets in detailPt X, end of year

CashLn 1$582K

Cash and savings togetherLn 1–2$582K

Land, buildings, equipmentLn 10c$8K

Total assetsLn 16$616K

LiabilitiesLn 26$81K

Net assetsLn 32$535K

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 FY21	End FY21
Cash and savingsLn 1–2	$544K	$582K
Land, buildings, equipmentLn 10c	$21K	$8K
Total assetsLn 16	$606K	$616K
LiabilitiesLn 26	$35K	$81K
Net assetsLn 32	$571K	$535K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$168K	$168K
Pay of current officers, directors and key staffLn 5	$144K	$109K	$14K	$22K
Other salaries and wagesLn 7	$250K	$200K	$13K	$38K
Pension plan contributionsLn 8	$12K	$9K	$577	$2K
Other employee benefitsLn 9	$21K	$17K	$1K	$3K
Payroll taxesLn 10	$32K	$26K	$2K	$5K
Legal feesLn 11b	$350	$350
Accounting feesLn 11c	$24K	$24K
Other fees for servicesLn 11g	$4K	$3K	$371	$370
Advertising and promotionLn 12	$105K	$53K		$52K
Office expensesLn 13	$4K	$4K	$590	$214
Information technologyLn 14	$10K	$8K	$280	$2K
OccupancyLn 16	$6K	$6K
TravelLn 17	$3K	$2K	$210	$715
Depreciation, depletion and amortizationLn 22	$13K	$7K	$2K	$4K
InsuranceLn 23	$4K	$2K		$2K
Other expenses (24a–d)Ln 24	$65K	$39K	$3K	$23K
Total functional expensesLn 25	$867K	$678K	$36K	$152K

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 Viewing	$831K	$867K	−$36K	$535K	990 PDF
FY2020	$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 FY2021 990 (6 parts)

Part I · Summary $831,090 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,360,948$972,817

I-9 Program service revenue$0

I-10 Investment incomePrior year $290$115

I-11 Other revenuePrior year −$180,067−$141,842

I-12 Total revenuePrior year $1,181,171$831,090

I-13 Grants and similar amounts paidPrior year $351,904$167,941

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $474,091$459,285

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $231,662$239,404

I-18 Total expensesPrior year $1,057,657$866,630

I-19 Revenue less expensesPrior year $123,514−$35,540

Part VI · Governance 20 of 20 board members independent, no flags

VI-1a Voting members of the governing body20

VI-1b Independent voting members20

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 $831,090 across 8 lines filed

VIII-1c Fundraising events$418,285

VIII-1f All other contributions, gifts and grants$554,532

VIII-1g Noncash contributions (included above)$24,650

VIII-1h Total contributions, gifts and grants$972,817

VIII-3 Investment incomeExcluded from tax $115$115

VIII-8 Net income from fundraising events−$141,939

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $97$97

VIII-12 Total revenueRelated to mission $97 · Excluded from tax $115$831,090

Part IX · Statement of functional expenses $866,630 across 17 lines filed

IX-2 Grants to domestic individualsPrograms $167,941$167,941

IX-5 Pay of current officers, directors and key staffPrograms $108,911 · Management $13,795 · Fundraising $21,654$144,360

IX-7 Other salaries and wagesPrograms $200,288 · Management $12,518 · Fundraising $37,554$250,360

IX-8 Pension plan contributionsPrograms $9,235 · Management $577 · Fundraising $1,732$11,544

IX-9 Other employee benefitsPrograms $16,504 · Management $1,032 · Fundraising $3,095$20,631

IX-10 Payroll taxesPrograms $25,912 · Management $1,619 · Fundraising $4,859$32,390

IX-11b Legal feesPrograms $350$350

IX-11c Accounting feesPrograms $24,029$24,029

IX-11g Other fees for servicesPrograms $2,966 · Management $371 · Fundraising $370$3,707

IX-12 Advertising and promotionPrograms $52,893 · Fundraising $51,941$104,834

IX-13 Office expensesPrograms $3,604 · Management $590 · Fundraising $214$4,408

IX-14 Information technologyPrograms $7,955 · Management $280 · Fundraising $1,709$9,944

IX-16 OccupancyPrograms $6,461$6,461

IX-17 TravelPrograms $2,183 · Management $210 · Fundraising $715$3,108

IX-22 Depreciation, depletion and amortizationPrograms $7,296 · Management $2,255 · Fundraising $3,714$13,265

IX-23 InsurancePrograms $2,003 · Fundraising $2,002$4,005

IX-24 Other expenses (24a–d)Programs $39,398 · Management $3,142 · Fundraising $22,753$65,293

IX-25 Total functional expensesPrograms $677,929 · Management $36,389 · Fundraising $152,312$866,630

Part X · Balance sheet $616,172 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $543,803$581,939

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

X-9 Prepaid expenses and deferred chargesStart of year $4,272$25,291

X-10c Land, buildings and equipment, netStart of year $21,175$7,910

X-16 Total assetsStart of year $605,909$616,172

X-17 Accounts payable and accrued expensesStart of year $24,283$3,447

X-19 Deferred revenueStart of year $1,590$64,790

X-25 Other liabilitiesStart of year $9,182$12,621

X-26 Total liabilitiesStart of year $35,055$80,858

X-27 Net assets without donor restrictionsStart of year $545,854$530,942

X-28 Net assets with donor restrictionsStart of year $25,000$4,372

X-32 Total net assets or fund balancesStart of year $570,854$535,314

X-33 Total liabilities and net assetsStart of year $605,909$616,172

Part XI · Reconciliation of net assets $535,314 net assets at year end

XI-1 Total revenue$831,090

XI-2 Total expenses$866,630

XI-3 Revenue less expenses−$35,540

XI-4 Net assets at start of year$570,854

XI-10 Net assets at end of year$535,314

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

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Spare Key FY2021 filing

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