Keshet INC FY2023 filing

Tax-deductible

Newton, MA501(c)(3)Civil Rights & AdvocacyEIN 48-1278664Revenue $6.6M in FY2023

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.
76¢ of each $1 spent went to programs.
$747K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$747K
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
4 mo
of spending, in cash
Looks good: 3.5 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
$670K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
27
of 28 voting members
Looks good: 27 of 28 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.6M
+50% vs prior year
Spent
$4.8M
To programs
76%
Net assets
$8.2M
By yearFY2020–FY2024
Revenue
$6.6M
FY2023▲ +50%
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
$4.8M
FY2023▲ +21%
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
$8.2M
FY2023▲ +34%
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 FY2023 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

76 cents of each dollar spent went to programs.

Program services 76% · $3.7M Management & general 16% · $763K Fundraising 8% · $402K

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

32 people listed on the 990; $747K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$220,189Pt VII · Sec A
$145,787Pt VII · Sec A
Chief Financial Officer
$141,897Pt VII · Sec A
Chief Development Officer
$136,768Pt VII · Sec A
Nat Dir. of Youth Programs
$102,159Pt VII · Sec A
$0Pt VII · Sec A
Member
$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 · $3.3M · in their own filed words · FY2023
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.

$1.6Mprogram 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…

$621Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$6.6M
Ln 12
Gifts and grantsLn 1h$6.5M
Fees for servicesLn 2g$185K
Investment incomeLn 3$35K
Money outPt IX
$4.8M
Ln 25
Programscol B$3.7M
Managementcol C$763K
Fundraisingcol D$402K
Owns and owesPt X
$8.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$8.8M
LiabilitiesLn 26$670K
PeoplePt VI, VII
32
listed · VII A
PaidVII A5
Voting boardVI 1a28
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.5M
Noncash giftsLn 1g$5K
Fundraising eventsLn 1c$232K
Fees for servicesLn 2g$185K
Investment incomeLn 3$35K
Gains on assetsLn 7−$46K
Total revenueLn 12$6.6M
Assets in detailPt X, end of year
CashLn 1$422K
SavingsLn 2$964K
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$2.3M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$431K
Total assetsLn 16$8.8M
LiabilitiesLn 26$670K
Net assetsLn 32$8.2M
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 FY23End FY23
Cash and savingsLn 1–2$1.5M$1.4M
InvestmentsLn 11–13$2.0M$2.3M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$6.3M$8.8M
LiabilitiesLn 26$219K$670K
Net assetsLn 32$6.1M$8.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$414K$213K$158K$43K
Other salaries and wagesLn 7$2.2M$1.7M$301K$221K
Pension plan contributionsLn 8$65K$51K$8K$6K
Other employee benefitsLn 9$378K$284K$56K$38K
Payroll taxesLn 10$220K$160K$37K$22K
Accounting feesLn 11c$227K$165K$30K$32K
Investment management feesLn 11f$19K$19K
Other fees for servicesLn 11g$401K$331K$59K$11K
Advertising and promotionLn 12$6K$6K$181$139
Office expensesLn 13$62K$56K$4K$2K
OccupancyLn 16$200K$151K$48K$399
TravelLn 17$250K$239K$5K$6K
Conferences, conventions and meetingsLn 19$101K$98K$2K$885
InsuranceLn 23$11K$8K$3K
Other expenses (24a–d)Ln 24$223K$174K$31K$18K
All other expensesLn 24e$20K$18K$577$1K
Total functional expensesLn 25$4.8M$3.7M$763K$402K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.5M$6.0M−$1.5M$6.8M 990 PDF
FY2023 Viewing $6.6M$4.8M$1.8M$8.2M 990 PDF
FY2022 $4.4M$4.0M$383K$6.1M 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $6,577,240 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,317,504$6,468,421
I-9 Program service revenuePrior year $140,084$184,796
I-10 Investment incomePrior year $27,927$34,805
I-11 Other revenuePrior year −$108,042−$110,782
I-12 Total revenuePrior year $4,377,473$6,577,240
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 $2,758,078$3,297,848
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,236,743$1,520,290
I-18 Total expensesPrior year $3,994,821$4,818,138
I-19 Revenue less expensesPrior year $382,652$1,759,102
Part VI · Governance 27 of 28 board members independent, no flags
VI-1a Voting members of the governing body28
VI-1b Independent voting members27
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 $6,577,240 across 9 lines filed
VIII-1c Fundraising events$232,383
VIII-1f All other contributions, gifts and grants$6,236,038
VIII-1g Noncash contributions (included above)$5,112
VIII-1h Total contributions, gifts and grants$6,468,421
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $184,796$184,796
VIII-3 Investment incomeExcluded from tax $81,174$81,174
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$46,369−$46,369
VIII-8 Net income from fundraising eventsExcluded from tax −$110,782−$110,782
VIII-12 Total revenueRelated to mission $184,796 · Unrelated business $0 · Excluded from tax −$75,977$6,577,240
Part IX · Statement of functional expenses $4,818,138 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $213,151 · Management $158,136 · Fundraising $42,905$414,192
IX-7 Other salaries and wagesPrograms $1,699,619 · Management $300,977 · Fundraising $220,876$2,221,472
IX-8 Pension plan contributionsPrograms $50,581 · Management $7,830 · Fundraising $6,432$64,843
IX-9 Other employee benefitsPrograms $283,747 · Management $56,354 · Fundraising $37,609$377,710
IX-10 Payroll taxesPrograms $160,331 · Management $37,337 · Fundraising $21,963$219,631
IX-11c Accounting feesPrograms $165,117 · Management $29,654 · Fundraising $32,305$227,076
IX-11f Investment management feesManagement $19,327$19,327
IX-11g Other fees for servicesPrograms $330,647 · Management $59,383 · Fundraising $10,566$400,596
IX-12 Advertising and promotionPrograms $6,134 · Management $181 · Fundraising $139$6,454
IX-13 Office expensesPrograms $55,794 · Management $3,810 · Fundraising $2,287$61,891
IX-16 OccupancyPrograms $151,438 · Management $48,499 · Fundraising $399$200,336
IX-17 TravelPrograms $238,525 · Management $4,704 · Fundraising $6,286$249,515
IX-19 Conferences, conventions and meetingsPrograms $98,432 · Management $1,880 · Fundraising $885$101,197
IX-23 InsurancePrograms $8,075 · Management $2,987$11,062
IX-24 Other expenses (24a–d)Programs $173,944 · Management $31,088 · Fundraising $17,577$222,609
IX-24e All other expensesPrograms $18,308 · Management $577 · Fundraising $1,342$20,227
IX-25 Total functional expensesPrograms $3,653,843 · Management $762,724 · Fundraising $401,571$4,818,138
Part X · Balance sheet $8,832,170 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,371,632$421,947
X-2 Savings and temporary cash investmentsStart of year $109,070$963,706
X-3 Pledges and grants receivableStart of year $2,735,755$4,631,863
X-4 Accounts receivableStart of year $11,584$17,758
X-9 Prepaid expenses and deferred chargesStart of year $74,739$104,905
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $1,997,382$2,261,161
X-15 Other assetsStart of year $18,783$430,830
X-16 Total assetsStart of year $6,318,945$8,832,170
X-17 Accounts payable and accrued expensesStart of year $218,694$256,441
X-25 Other liabilitiesStart of year $0$413,448
X-26 Total liabilitiesStart of year $218,694$669,889
X-27 Net assets without donor restrictionsStart of year $2,022,860$2,581,769
X-28 Net assets with donor restrictionsStart of year $4,077,391$5,580,512
X-32 Total net assets or fund balancesStart of year $6,100,251$8,162,281
X-33 Total liabilities and net assetsStart of year $6,318,945$8,832,170
Part XI · Reconciliation of net assets $8,162,281 net assets at year end
XI-1 Total revenue$6,577,240
XI-2 Total expenses$4,818,138
XI-3 Revenue less expenses$1,759,102
XI-4 Net assets at start of year$6,100,251
XI-5 Net unrealized gains (losses) on investments$302,928
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,162,281

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

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