The Keep Foundation INC EIN 45-3121642

The Keep Foundation INC

EIN  45-3121642 Public charity (501(c)(3)) Lexington, KY Founded 2011
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Educates about the horse industry's importance and funds equine organizations' horse shows.
Leadership
Elisabeth Jensen · Director
Money in and out
$286K revenue, $234K expenses
Bottom line
26% program efficiency

Educates about the horse industry's importance and funds equine organizations' horse shows. For fiscal year 2025 it reported $286K in revenue, $234K in expenses, and $145K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$286K
Pt VIII · Ln 12
Total expenses
$234K
Pt IX · Ln 25
Net assets
$145K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $52K
Where spending went · Part IX cols B–D
Program services $0.26 Management & general $0.74
Program efficiency
26%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
7.4mo
months of highly liquid reserves at operating expense rate▲ +37% vs prior filing year
Surplus margin
+18%
revenue over expenses, this year▼ -6% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$286K
FY2025▲ +12%
Expenses
$234K
FY2025▲ +14%
Total assets
$145K
FY2025▲ +56%
Total liabilities
$0
FY2025
Total revenue
$286K
Pt VIII · Ln 12
Total expenses
$234K
Pt IX · Ln 25
Net assets
$145K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$52K
Total assetsPt X · Ln 16$145K
Program-expense ratioPt IX · col B26%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

2 program services account for $60K of program spending, described in the organization's own filed words · FY2025.
01

Through the keep grassroots funding program non-profit, kentucky-affiliated horse clubs and oranization qualify for grant money for horse shows to purchase items such as class sponsorship and ribbons and trophies

$57Kprogram expense
02

To achieve its mission, the foundation is spreading the word to each of the 120 counties in kentucky by providing education units, speeches, presentations and by participating in equine events throughout the state.

$3Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Keep Foundation INC
EINHdr · item D45-3121642
Principal addressHdr · item CLexington, KY
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2011
State of legal domicileHdr · item MKY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFJun 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A

Elisabeth Jensen’s $45K as Director is at the 36th percentile of top reported officer pay among 1616 $100K–1M education 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.

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Statement of Revenue

Part VIII
Contributions & grants100%$286K
Total revenueLn 12$286K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.26 Management & general $0.74
Program services26%$60K
Management & general74%$174K
Total functional expensesLn 25$234K

Balance Sheet

Part X · end of year
CashLn 1$145K
Total assetsLn 16$145K
Total liabilitiesLn 26$0
Total net assetsLn 32$145K
Months of cash on handcomputed7.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $145K · Operating expenses/yr $234K
7.4 months
Where the money goes
Program services
Program services $60K · Total expenses $234K
26%
Management & General
Management & general $174K · Total expenses $234K
74%
Fundraising
Fundraising $0 · Total expenses $234K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $213K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $286K · Total revenue $286K
100%
Government reliance
Government grants — · Total revenue $286K
Earned-income share
Program service revenue $0 · Total revenue $286K
0%
Investment reliance
Investment income $0 · Total revenue $286K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $234K
0%
Growth & trend
Revenue growth (YoY)
This year $286K · Prior year $255K
+12%
Revenue CAGR
FY2020 $122K · FY2025 $286K
+19%
Net-asset trend (YoY)
End of year $145K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $286K · Expenses $234K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $145K
Net-asset ratio
Net assets $145K · Total assets $145K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $145K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Elisabeth Jensen · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $234K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $68K · Total expenses $234K
29%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 26%
Overhead ratio 74%
Revenue growth 12%

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.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$75K
Grants paid · 1 grant · $32K · 2022–2022
The Race for Education INCKY · FY2022$32,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$286K revenue · viewing · ⤓ 990 PDF
FY2024$255K revenue · ⤓ 990 PDF
FY2023$162K revenue · ⤓ 990 PDF
FY2022$239K revenue · ⤓ 990 PDF
FY2021$219K revenue · ⤓ 990 PDF
FY2020$122K revenue · ⤓ 990 PDF

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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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