Keystone Foundation EIN 46-4731901

Keystone Foundation

EIN  46-4731901 Supporting organization Philadelphia, PA Founded 2013
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 9/14/26 · see original filing: IRS
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Size
$1–10M
What they do
Supports a charter school's educational mission.
Leadership
Gretchen Alston · President/Treasurer
Money in and out
$1.6M revenue, $1.4M expenses
Bottom line
+13% net inflow

Supports a charter school's educational mission. For fiscal year 2024 it reported $1.6M in revenue, $1.4M in expenses, and $2.6M in net assets.Pt I

Money in and out · FY2024
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$2.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $213K
Where spending went · Part IX cols B–D
Program services $0.64 Management & general $0.36
Net inflow
+13%
revenue over expenses, this year▲ ×13 vs prior filing year
Pass-through gifts
0%
of revenue from contributions
Program spending
64%
of expenses reach stated programs▲ +4% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.6M
FY2024▲ +9%
Expenses
$1.4M
FY2024▼ -6%
Total assets
$16.7M
FY2024▼ -3%
Total liabilities
$14.0M
FY2024▼ -5%
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$2.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$213K
Total assetsPt X · Ln 16$16.7M
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $908K of program spending, described in the organization's own filed words · FY2024.
01

The foundation's mission is to support the health, welfare and educational interests of keystone academy charter school.

$908Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKeystone Foundation
EINHdr · item D46-4731901
Principal addressHdr · item CPhiladelphia, PA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2013
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B112)
Ruling yearIRS BMFOct 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
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
President/Treasurer
$0Pt VII · Sec A
Vice President/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue100%$1.6M
Total revenueLn 12$1.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.36
Program services64%$908K
Management & general36%$505K
Total functional expensesLn 25$1.4M

Balance Sheet

Part X · end of year
CashLn 1$593K
Total assetsLn 16$16.7M
Total liabilitiesLn 26$14.0M
Total net assetsLn 32$2.6M
Months of cash on handcomputed5.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $593K · Operating expenses/yr $1.4M
5.0 months
Where the money goes
Program services
Program services $908K · Total expenses $1.4M
64%
Management & General
Management & general $505K · Total expenses $1.4M
36%
Fundraising
Fundraising $0 · Total expenses $1.4M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $1.6M
0%
Government reliance
Government grants — · Total revenue $1.6M
Earned-income share
Program service revenue $1.6M · Total revenue $1.6M
100%
Investment reliance
Investment income $0 · Total revenue $1.6M
0%
Program self-sufficiency
Program service revenue $1.6M · Total expenses $1.4M
115%
Growth & trend
Revenue growth (YoY)
This year $1.6M · Prior year $1.5M
+9%
Revenue CAGR
FY2019 $1.4M · FY2024 $1.6M
+2%
Net-asset trend (YoY)
End of year $2.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.6M · Expenses $1.4M
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $16.7M
Net-asset ratio
Net assets $2.6M · Total assets $16.7M
16%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $16.7M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Gretchen Alston · Reported title PRESIDENT/TREASURER · Highest reported compensation $0 · Total expenses $1.4M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $1.4M
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 64%
Overhead ratio 36%
Revenue growth 9%

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.

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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
FY2024$1.5M revenue · ⤓ 990 PDF
FY2023$1.2M revenue · ⤓ 990 PDF
FY2022$1.0M revenue · ⤓ 990 PDF
FY2021$1.1M revenue · ⤓ 990 PDF
FY2020$1.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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