Keshet INC FY2021 filing

Tax-deductible

Newton, MA501(c)(3)Civil Rights & AdvocacyEIN 48-1278664Revenue $4.1M in FY2021

On file with the IRSkeshetonline.org1860 Washington St, 02466-3008 · Newton, MATax-exempt since Aug 2003Publicly supported charity — 170(b)(1)(A)(vi)

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See part III, line 1.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$523K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $884K a year · 17% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$523K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
26
named funders · $1.6M
Looks good: 26 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$181K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 26 voting members
Looks good: 25 of 26 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.1M
-34% vs prior year
Spent
$3.4M
To programs
73%
Net assets
$5.9M
By yearFY2020–FY2024
Revenue
$4.1M
FY2021▼ -34%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.2M
FY2021$4.1M
FY2022$4.4M
FY2023$6.6M
FY2024$4.5M
Expenses
$3.4M
FY2021▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.1M
FY2021$3.4M
FY2022$4.0M
FY2023$4.8M
FY2024$6.0M
Net assets
$5.9M
FY2021▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.2M
FY2021$5.9M
FY2022$6.1M
FY2023$8.2M
FY2024$6.8M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $2.5M Management & general 10% · $348K Fundraising 17% · $574K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

30 people listed on the 990; $523K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$187,319Pt VII · Sec A
Chief Financial Officer
$117,747Pt VII · Sec A
Chief Program Officer
$110,401Pt VII · Sec A
Chief Dev. Officer (until 8/2021)
$107,469Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Idit Klein’s $251K as President & CEO is at the 89th percentile of top reported officer pay among 797 $1–10M civil rights & advocacy 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Idit Klein$251,162$220,189$208,348$187,319$187,920
Suzanne Feinspan$169,520$145,787$129,279$110,401$103,291
Leonard Goldstein$160,714$141,897$122,214$117,747$116,243
Jonathan Grabellle Herrmann$152,265$136,768$113,046——
James Cohen———$107,469$137,700
Thea Hillman$136,759————
Jaimie Krass$111,356$102,159———
Jonathan Cohen$110,738————

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

Mobilizes the Jewish community to advocate for LGBTQ+ rights and equality through education, action, and leadership.

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Provided by the organization

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3 programs · $2.5M · in their own filed words · FY2021
01

Education and Training

Keshet partners with leaders of national and local jewish organizations such as synagogues, day schools, JCCS, youth groups, and summer camps. We train and support jewish educators, clergy, program staff, youth, and lay leaders to ensure that LGBTQ youth, families, and staff are affirmed in all jewish educational and community settings.

$1.1Mprogram expense
02

Leadership Development for Jewish Lgbtq Teens

At keshet's shabbat retreats, LGBTQ and ally jewish teens are able to exhale; to find their place and their voice as emerging jewish leaders. Together, they build meaningful friendships, engage in deep jewish learning, and return home to build a world we can all be proud of.

$1.1Mprogram expense
03

Lgbtq Equality

Keshet is leading the jewish community to stand up for LGBTQ rights. We call on the jewish community to fight for LGBTQ justice and take action collectively to advance real breakthroughs. We mobilize rabbis, community leaders and members, synagogues, youth movements, and jewish advocacy organizations to affirm, on the bimah and in the…

$300Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 26 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$4.1M
Ln 12
Gifts and grantsLn 1h$4.0M
Fees for servicesLn 2g$78K
Investment incomeLn 3$349
Money outPt IX
$3.4M
Ln 25
Programscol B$2.5M
Managementcol C$348K
Fundraisingcol D$574K
Owns and owesPt X
$5.9M
net assets · Ln 32
Cash and savingsLn 1–2$2.9M
Total assetsLn 16$6.1M
LiabilitiesLn 26$181K
PeoplePt VI, VII
30
listed · VII A
PaidVII A4
Voting boardVI 1a26
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.0M
Noncash giftsLn 1g$31K
Fees for servicesLn 2g$78K
Investment incomeLn 3$349
Other incomeLn 4–11$103
Gains on assetsLn 7−$319
Total revenueLn 12$4.1M
Assets in detailPt X, end of year
CashLn 1$1.8M
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$2.9M
InvestmentsLn 11–13$493K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$19K
Total assetsLn 16$6.1M
LiabilitiesLn 26$181K
Net assetsLn 32$5.9M
OperationsPt I, VI
EmployeesI 537
VolunteersI 630
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
LineStart FY21End FY21
Cash and savingsLn 1–2$2.3M$2.9M
InvestmentsLn 11–13$493K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$5.4M$6.1M
LiabilitiesLn 26$174K$181K
Net assetsLn 32$5.2M$5.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$372K$194K$129K$49K
Other salaries and wagesLn 7$1.6M$1.2M$60K$367K
Pension plan contributionsLn 8$23K$21K$56$3K
Other employee benefitsLn 9$231K$167K$13K$51K
Payroll taxesLn 10$170K$119K$15K$36K
Accounting feesLn 11c$124K$100K$14K$10K
Other fees for servicesLn 11g$388K$322K$34K$32K
Advertising and promotionLn 12$21K$15K$66$5K
Office expensesLn 13$84K$67K$3K$14K
Information technologyLn 14$101K$29K$62K$10K
OccupancyLn 16$188K$188K$8K−$8K
TravelLn 17$30K$30K$115$469
Conferences, conventions and meetingsLn 19$17K$15K$183$2K
InsuranceLn 23$8K$6K$2K
Other expenses (24a–d)Ln 24$33K$27K$4K$2K
All other expensesLn 24e$24K$20K$4K$103
Total functional expensesLn 25$3.4M$2.5M$348K$574K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.5M$6.0M−$1.5M$6.8M 990 PDF
FY2023 $6.6M$4.8M$1.8M$8.2M 990 PDF
FY2022 $4.4M$4.0M$383K$6.1M 990 PDF
FY2021 Viewing $4.1M$3.4M$692K$5.9M 990 PDF
FY2020 $6.2M$3.1M$3.1M$5.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $4,117,048 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,166,146$4,038,621
I-9 Program service revenuePrior year $42,524$77,975
I-10 Investment incomePrior year $0$349
I-11 Other revenuePrior year $157$103
I-12 Total revenuePrior year $6,208,827$4,117,048
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,268,613$2,406,687
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $855,339$1,018,247
I-18 Total expensesPrior year $3,123,952$3,424,934
I-19 Revenue less expensesPrior year $3,084,875$692,114
Part VI · Governance 25 of 26 board members independent, no flags
VI-1a Voting members of the governing body26
VI-1b Independent voting members25
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 $4,117,048 across 7 lines filed
Lines not itemized here account for $103 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$4,038,621
VIII-1g Noncash contributions (included above)$31,414
VIII-1h Total contributions, gifts and grants$4,038,621
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $77,975$77,975
VIII-3 Investment incomeExcluded from tax $668$668
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$319−$319
VIII-12 Total revenueRelated to mission $78,078 · Unrelated business $0 · Excluded from tax $349$4,117,048
Part IX · Statement of functional expenses $3,424,934 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $194,167 · Management $128,559 · Fundraising $48,912$371,638
IX-7 Other salaries and wagesPrograms $1,183,897 · Management $59,766 · Fundraising $367,110$1,610,773
IX-8 Pension plan contributionsPrograms $20,750 · Management $56 · Fundraising $2,573$23,379
IX-9 Other employee benefitsPrograms $166,975 · Management $12,935 · Fundraising $51,142$231,052
IX-10 Payroll taxesPrograms $118,892 · Management $15,286 · Fundraising $35,667$169,845
IX-11c Accounting feesPrograms $100,048 · Management $14,037 · Fundraising $9,915$124,000
IX-11g Other fees for servicesPrograms $321,878 · Management $33,892 · Fundraising $31,899$387,669
IX-12 Advertising and promotionPrograms $15,477 · Management $66 · Fundraising $4,998$20,541
IX-13 Office expensesPrograms $67,050 · Management $2,919 · Fundraising $13,695$83,664
IX-14 Information technologyPrograms $28,991 · Management $61,742 · Fundraising $10,420$101,153
IX-16 OccupancyPrograms $187,734 · Management $8,311 · Fundraising −$7,631$188,414
IX-17 TravelPrograms $29,647 · Management $115 · Fundraising $469$30,231
IX-19 Conferences, conventions and meetingsPrograms $14,781 · Management $183 · Fundraising $2,447$17,411
IX-23 InsurancePrograms $5,516 · Management $2,364$7,880
IX-24 Other expenses (24a–d)Programs $26,873 · Management $3,834 · Fundraising $2,297$33,004
IX-24e All other expensesPrograms $20,201 · Management $3,976 · Fundraising $103$24,280
IX-25 Total functional expensesPrograms $2,502,877 · Management $348,041 · Fundraising $574,016$3,424,934
Part X · Balance sheet $6,064,151 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $2,305,979$1,841,764
X-2 Savings and temporary cash investments$1,016,045
X-3 Pledges and grants receivableStart of year $2,967,505$2,633,288
X-4 Accounts receivableStart of year $466$5,035
X-9 Prepaid expenses and deferred chargesStart of year $64,489$55,989
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securities$493,247
X-15 Other assetsStart of year $17,883$18,783
X-16 Total assetsStart of year $5,356,322$6,064,151
X-17 Accounts payable and accrued expensesStart of year $173,936$181,027
X-26 Total liabilitiesStart of year $173,936$181,027
X-27 Net assets without donor restrictionsStart of year $1,612,541$1,902,520
X-28 Net assets with donor restrictionsStart of year $3,569,845$3,980,604
X-32 Total net assets or fund balancesStart of year $5,182,386$5,883,124
X-33 Total liabilities and net assetsStart of year $5,356,322$6,064,151
Part XI · Reconciliation of net assets $5,883,124 net assets at year end
XI-1 Total revenue$4,117,048
XI-2 Total expenses$3,424,934
XI-3 Revenue less expenses$692,114
XI-4 Net assets at start of year$5,182,386
XI-5 Net unrealized gains (losses) on investments$8,624
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,883,124

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

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