Spare Key: FY2023 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 · $698K · in their own filed words · FY2023

01

Spare keys mission is to provide assistance to families with a critically ill or seriously injured family member. No matter the illness, no matter the injury, no matter the income. We help families bounce and not break through our help me bounce platform, harnessing the power of crowdfunding to connect thousands of families directly to…

$698Kprogram 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 FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$892K

Ln 12

Gifts and grantsLn 1h$1.1M

Investment incomeLn 3$7K

Money outPt IX

$788K

Ln 25

Programscol B$698K

Managementcol C$19K

Fundraisingcol D$71K

Owns and owesPt X

$716K

net assets · Ln 32

Cash and savingsLn 1–2$637K

Total assetsLn 16$775K

LiabilitiesLn 26$58K

PeoplePt VI, VII

25

listed · VII A

PaidVII A1

Voting boardVI 1a22

IndependentVI 1b22

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.1M

Noncash giftsLn 1g$16K

Fundraising eventsLn 1c$639K

Investment incomeLn 3$7K

Total revenueLn 12$892K

Assets in detailPt X, end of year

CashLn 1$244K

SavingsLn 2$392K

Cash and savings togetherLn 1–2$637K

Land, buildings, equipmentLn 10c$111K

Total assetsLn 16$775K

LiabilitiesLn 26$58K

Net assetsLn 32$716K

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 FY23	End FY23
Cash and savingsLn 1–2	$623K	$637K
Land, buildings, equipmentLn 10c	$3K	$111K
Total assetsLn 16	$654K	$775K
LiabilitiesLn 26	$42K	$58K
Net assetsLn 32	$612K	$716K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$271K	$271K
Pay of current officers, directors and key staffLn 5	$111K	$89K	$6K	$17K
Other salaries and wagesLn 7	$188K	$150K	$9K	$28K
Pension plan contributionsLn 8	$7K	$6K	$347	$1K
Other employee benefitsLn 9	$13K	$10K	$654	$2K
Payroll taxesLn 10	$25K	$20K	$1K	$4K
Accounting feesLn 11c	$21K	$21K
Other fees for servicesLn 11g	$4K	$3K	$427	$427
Advertising and promotionLn 12	$25K	$18K		$7K
Office expensesLn 13	$1K	$1K	$218
Information technologyLn 14	$16K	$13K	$264	$3K
TravelLn 17	$844	$676	$84	$84
Depreciation, depletion and amortizationLn 22	$1K	$783	$242	$399
InsuranceLn 23	$204	$204
Other expenses (24a–d)Ln 24	$100K	$94K	$524	$6K
All other expensesLn 24e	$4K	$1K		$3K
Total functional expensesLn 25	$788K	$698K	$19K	$71K

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 Viewing	$892K	$788K	$104K	$716K	990 PDF
FY2022	$998K	$953K	$45K	$612K	990 PDF
FY2021	$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 FY2023 990 (6 parts)

Part I · Summary $892,286 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,093,628$1,090,466

I-9 Program service revenue$0

I-10 Investment incomePrior year $20,425$6,656

I-11 Other revenuePrior year −$116,171−$204,836

I-12 Total revenuePrior year $997,882$892,286

I-13 Grants and similar amounts paidPrior year $209,984$270,546

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $535,801$343,812

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $207,301$173,717

I-18 Total expensesPrior year $953,086$788,075

I-19 Revenue less expensesPrior year $44,796$104,211

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 $892,286 across 8 lines filed

VIII-1c Fundraising events$639,445

VIII-1f All other contributions, gifts and grants$451,021

VIII-1g Noncash contributions (included above)$15,760

VIII-1h Total contributions, gifts and grants$1,090,466

VIII-3 Investment incomeExcluded from tax $6,656$6,656

VIII-8 Net income from fundraising eventsExcluded from tax −$240,330−$240,330

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $169 · Excluded from tax $35,325$35,494

VIII-12 Total revenueRelated to mission $169 · Excluded from tax −$198,349$892,286

Part IX · Statement of functional expenses $788,075 across 16 lines filed

IX-2 Grants to domestic individualsPrograms $270,546$270,546

IX-5 Pay of current officers, directors and key staffPrograms $88,884 · Management $5,555 · Fundraising $16,666$111,105

IX-7 Other salaries and wagesPrograms $150,106 · Management $9,382 · Fundraising $28,145$187,633

IX-8 Pension plan contributionsPrograms $5,550 · Management $347 · Fundraising $1,041$6,938

IX-9 Other employee benefitsPrograms $10,465 · Management $654 · Fundraising $1,962$13,081

IX-10 Payroll taxesPrograms $20,044 · Management $1,253 · Fundraising $3,758$25,055

IX-11c Accounting feesPrograms $20,616$20,616

IX-11g Other fees for servicesPrograms $3,414 · Management $427 · Fundraising $427$4,268

IX-12 Advertising and promotionPrograms $18,106 · Fundraising $7,054$25,160

IX-13 Office expensesPrograms $1,235 · Management $218$1,453

IX-14 Information technologyPrograms $12,617 · Management $264 · Fundraising $2,891$15,772

IX-17 TravelPrograms $676 · Management $84 · Fundraising $84$844

IX-22 Depreciation, depletion and amortizationPrograms $783 · Management $242 · Fundraising $399$1,424

IX-23 InsurancePrograms $204$204

IX-24 Other expenses (24a–d)Programs $93,837 · Management $524 · Fundraising $6,034$100,395

IX-24e All other expensesPrograms $1,074 · Fundraising $2,507$3,581

IX-25 Total functional expensesPrograms $698,157 · Management $18,950 · Fundraising $70,968$788,075

Part X · Balance sheet $774,708 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $236,915$244,280

X-2 Savings and temporary cash investmentsStart of year $385,986$392,309

X-9 Prepaid expenses and deferred chargesStart of year $27,912$26,834

X-10c Land, buildings and equipment, netStart of year $2,950$111,285

X-16 Total assetsStart of year $653,763$774,708

X-17 Accounts payable and accrued expensesStart of year $175$35,111

X-19 Deferred revenueStart of year $32,645$23,189

X-26 Total liabilitiesStart of year $41,566$58,300

X-27 Net assets without donor restrictionsStart of year $376,975$489,411

X-28 Net assets with donor restrictionsStart of year $235,222$226,997

X-32 Total net assets or fund balancesStart of year $612,197$716,408

X-33 Total liabilities and net assetsStart of year $653,763$774,708

Part XI · Reconciliation of net assets $716,408 net assets at year end

XI-1 Total revenue$892,286

XI-2 Total expenses$788,075

XI-3 Revenue less expenses$104,211

XI-4 Net assets at start of year$612,197

XI-10 Net assets at end of year$716,408

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Spare Key FY2023 filing

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