Latchkey Child Services INC FY2021 filing

Tax-deductible

Oklahoma City, OK501(c)(3)Since 1992Human ServicesEIN 73-1400064Revenue $1.1M in FY2021

On file with the IRSlatchkey.us1211 N Shartel Ave Ste 1100, 73103-2477 · Oklahoma City, OKTax-exempt since Mar 1993Publicly supported — 509(a)(2)

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To provide a safe, fun, organized and nurturing environment for children that would otherwise be left home alone.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$367K 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

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $894K a year · 28% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$367K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$639K
350% of total assets
Concern: liabilities are 350% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
Spent
$1.3M
To programs
78%
Net assets
−$456K
By yearFY2021–FY2025
Revenue
$1.1M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$1.1M
FY2022$3.5M
FY2023$5.2M
FY2024$3.5M
FY2025$2.5M
Expenses
$1.3M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$1.3M
FY2022$1.9M
FY2023$2.5M
FY2024$2.9M
FY2025$2.8M
Net assets
−$456K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021−$456K
FY2022$1.0M
FY2023$3.7M
FY2024$4.4M
FY2025$4.1M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1993.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $1.0M Management & general 22% · $294K

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

8 people listed on the 990; $367K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$115,385Pt VII · Sec A
President
$92,307Pt VII · Sec A
Vice-President
$67,692Pt VII · Sec A
Operations Manager
$52,000Pt VII · Sec A
Director of Operations
$40,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Charley Cohn’s $290K as CEO is at the 97th percentile of top reported officer pay among 3869 $1–10M human services 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 · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Charley Cohn$289,558$324,900$258,923$236,769$115,385
Linda Cohn$244,285$270,750$215,769$210,000$92,307
Irving Cohn$144,100$198,550$158,231$154,000$67,692
Rosanna Reynolds$71,209$68,435$71,925$68,185$40,000
Corrie Hankins$71,062$63,388$68,585$70,714$52,000
Heather Wade$67,048$57,692$56,492$49,362—
Tyranza Carson$46,849$51,837———

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers before and after school care for elementary students at their schools.

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Provided by the organization

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1 program · $1.0M · in their own filed words · FY2020
01

Latchkey Child Services, Inc. provides before/after school programs to care for children that might otherwise be left home alone. These services are provided in the child's elementary school.

$1.0Mprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$960K
Gifts and grantsLn 1h$158K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.0M
Managementcol C$294K
Owns and owesPt X
−$456K
net assets · Ln 32
Cash and savingsLn 1–2$148K
Total assetsLn 16$183K
LiabilitiesLn 26$639K
PeoplePt VI, VII
8
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$158K
Government grantsLn 1e$32K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$960K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$148K
SavingsLn 2$0
Cash and savings togetherLn 1–2$148K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$15K
Other assetsLn 15$0
Total assetsLn 16$183K
LiabilitiesLn 26$639K
Net assetsLn 32−$456K
OperationsPt I, VI
EmployeesI 5134
VolunteersI 60
Fiscal year endsHeaderJune
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$66K$148K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$19K$15K
Total assetsLn 16$111K$183K
LiabilitiesLn 26$361K$639K
Net assetsLn 32−$249K−$456K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$367K$293K$75K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$425K$394K$31K$0
Pension plan contributionsLn 8$24K$15K$9K$0
Other employee benefitsLn 9$38K$34K$4K$0
Payroll taxesLn 10$85K$77K$8K$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$1K$1K$0$0
Office expensesLn 13$144K$120K$24K$0
Information technologyLn 14$17K$0$17K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$97K$47K$51K$0
TravelLn 17$19K$5K$14K$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$16K$16K$0$0
InterestLn 20$42K$0$42K$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$4K$0$4K$0
InsuranceLn 23$25K$24K$1K$0
Other expenses (24a–d)Ln 24$19K$5K$14K$0
Total functional expensesLn 25$1.3M$1.0M$294K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.5M$2.8M−$274K$4.1M 990 PDF
FY2024 $3.5M$2.9M$658K$4.4M 990 PDF
FY2023 $5.2M$2.5M$2.7M$3.7M 990 PDF
FY2022 $3.5M$1.9M$1.6M$1.0M 990 PDF
FY2021 Viewing $1.1M$1.3M−$207K−$456K 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 $1,117,848 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$157,549
I-9 Program service revenuePrior year $1,424,239$960,299
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,424,239$1,117,848
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 $1,219,956$939,596
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $422,071$385,537
I-18 Total expensesPrior year $1,642,027$1,325,133
I-19 Revenue less expensesPrior year −$217,788−$207,285
Part VI · Governance 3 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
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 $1,117,848 across 10 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$32,000
VIII-1f All other contributions, gifts and grants$125,549
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$157,549
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $960,299 · Unrelated business $0 · Excluded from tax $0$960,299
VIII-12 Total revenueRelated to mission $960,299 · Unrelated business $0 · Excluded from tax $0$1,117,848
Part IX · Statement of functional expenses $1,325,133 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $292,769 · Management $74,615 · Fundraising $0$367,384
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $393,737 · Management $31,051 · Fundraising $0$424,788
IX-8 Pension plan contributionsPrograms $15,055 · Management $9,343 · Fundraising $0$24,398
IX-9 Other employee benefitsPrograms $34,268 · Management $4,223 · Fundraising $0$38,491
IX-10 Payroll taxesPrograms $76,947 · Management $7,588 · Fundraising $0$84,535
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $1,000 · Management $0 · Fundraising $0$1,000
IX-13 Office expensesPrograms $120,369 · Management $23,714 · Fundraising $0$144,083
IX-14 Information technologyPrograms $0 · Management $17,239 · Fundraising $0$17,239
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $46,530 · Management $50,864 · Fundraising $0$97,394
IX-17 TravelPrograms $4,842 · Management $14,035 · Fundraising $0$18,877
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $16,188 · Management $0 · Fundraising $0$16,188
IX-20 InterestPrograms $0 · Management $41,651 · Fundraising $0$41,651
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $4,300 · Fundraising $0$4,300
IX-23 InsurancePrograms $24,258 · Management $1,199 · Fundraising $0$25,457
IX-24 Other expenses (24a–d)Programs $5,052 · Management $14,296 · Fundraising $0$19,348
IX-25 Total functional expensesPrograms $1,031,015 · Management $294,118 · Fundraising $0$1,325,133
Part X · Balance sheet $182,737 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $66,464$147,958
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $14,321$3,068
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $11,704$17,020
X-10c Land, buildings and equipment, netStart of year $18,992$14,691
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $111,481$182,737
X-17 Accounts payable and accrued expensesStart of year $5,885$10,886
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $354,681$184,021
X-25 Other liabilitiesStart of year $0$444,200
X-26 Total liabilitiesStart of year $360,566$639,107
X-27 Net assets without donor restrictionsStart of year −$249,085−$456,370
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$249,085−$456,370
X-33 Total liabilities and net assetsStart of year $111,481$182,737
Part XI · Reconciliation of net assets −$456,370 net assets at year end
XI-1 Total revenue$1,117,848
XI-2 Total expenses$1,325,133
XI-3 Revenue less expenses−$207,285
XI-4 Net assets at start of year−$249,085
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$456,370

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

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