Keystone Initiative for Network Based Education & Research EIN 80-0446299

Keystone Initiative for Network Based Education & Research

EIN  80-0446299 Public charity (501(c)(3)) Lititz, PA
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Size
$1–10M
What they do
Connects institutions with broadband, fostering collaboration and digital innovation for community improvement.
Leadership
Nathan Flood · President and CEO · $279K
Money in and out
$1.4M revenue, $4.2M expenses
Bottom line
69% program efficiency

Connects institutions with broadband, fostering collaboration and digital innovation for community improvement. For fiscal year 2025 it reported $1.4M in revenue, $4.2M in expenses, and $26.6M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$4.2M
Pt IX · Ln 25
Net assets
$26.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$2.8M
Where spending went · Part IX cols B–D
Program services $0.69 Management & general $0.24 Fundraising $0.07
Program efficiency
69%
of spending reaches programs▲ +17% vs prior filing year
Operating runway
75.8mo
months of highly liquid reserves at operating expense rate▼ -30% vs prior filing year
Surplus margin
-194%
revenue over expenses, this year▼ -2% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$1.4M
FY2025▲ +42%
Expenses
$4.2M
FY2025▲ +44%
Total assets
$27.2M
FY2025▲ +3%
Total liabilities
$614K
FY2025▲ +207%
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$4.2M
Pt IX · Ln 25
Net assets
$26.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$2.8M
Total assetsPt X · Ln 16$27.2M
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $2.9M of program spending, described in the organization's own filed words · FY2024.
01

Partnerships & programskinber expanded its partnership with TECH2 elevate, expanding digital navigator services from eight to eleven sites in beaver and erie counties. This allowed the program to provide 637 individuals with digital training to support education, employment, and online health care.

$2.9Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKeystone Initiative for Network Based Education & Research
EINHdr · item D80-0446299
Principal addressHdr · item CLititz, PA
WebsiteHdr · item Jwww.kinber.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFPublic & Societal Benefit (W500)
Ruling yearIRS BMFJan 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President and CEO
$279,125Pt VII · Sec A
Executive Director
$241,875Pt VII · Sec A
Director of Program Operations
$118,598Pt VII · Sec A
Dir. of Engineering and Op
$115,705Pt VII · Sec A
Director of Growth and Engagement
$112,568Pt VII · Sec A
Board Member (7/1/24-3/31/25)
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Nathan Flood’s $279K as President and CEO is at the 87th percentile of top reported officer pay among 731 $1–10M public & societal benefit 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Nathan Flood$279,125$265,875$285,525$222,562$197,013$149,541
Grant Dull$241,875$111,346$142,584
Gwendolyn Huntoon$109,247$240,480
Ben Miller$115,705$113,529$126,190$133,911
Rachael Haverstick$118,598
Sharon Cody$112,568
Jennifer Oxenford$108,585$108,640
Loren Rosenthal$106,397

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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Statement of Revenue

Part VIII
Program service revenue$1.2M · 83%
Contributions & grants$195K · 14%
Investment income$50K · 4%
Program service revenue83%$1.2M
Contributions & grants14%$195K
Investment income4%$50K
Other revenue$1K
— government grantsLn 1e$160K
Total revenueLn 12$1.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.24 Fundraising $0.07
Program services69%$2.9M
Management & general24%$984K
Fundraising7%$292K
Total functional expensesLn 25$4.2M

Balance Sheet

Part X · end of year
CashLn 1$607K
Total assetsLn 16$27.2M
Total liabilitiesLn 26$614K
Total net assetsLn 32$26.6M
Months of cash on handcomputed1.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $26.3M · Operating expenses/yr $4.2M
75.8 months
Where the money goes
Program services
Program services $2.9M · Total expenses $4.2M
69%
Management & General
Management & general $984K · Total expenses $4.2M
24%
Fundraising
Fundraising $292K · Total expenses $4.2M
7%
Cost to raise $1
Fundraising expense (3-yr avg) $237K · Solicited contributions (3-yr avg) $12K
$20.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $195K · Total revenue $1.4M
14%
Government reliance
Government grants $160K · Total revenue $1.4M
11%
Earned-income share
Program service revenue $1.2M · Total revenue $1.4M
83%
Investment reliance
Investment income $50K · Total revenue $1.4M
+4%
Program self-sufficiency
Program service revenue $1.2M · Total expenses $4.2M
28%
Growth & trend
Revenue growth (YoY)
This year $1.4M · Prior year $999K
+42%
Revenue CAGR
FY2019 $6.2M · FY2024 $1.4M
-26%
Net-asset trend (YoY)
End of year $26.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.4M · Expenses $4.2M
-194%
Liabilities-to-Assets
Total liabilities — · Total assets $27.2M
Net-asset ratio
Net assets $26.6M · Total assets $27.2M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $21K · Other securities (Pt X, ln 12) $25.7M · Total assets (Pt X, ln 16) $27.2M
95%
People & payroll
Highest Reported Total Compensation
Individual Nathan Flood · Reported title PRESIDENT AND CEO · Highest reported compensation $279K · Total expenses $4.2M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.2M · Total expenses $4.2M
52%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 69%
Overhead ratio 24%
Fundraising cost ratio 150%
Revenue growth 42%
Investment management fee ratio 0%
Legal fee ratio 2%
Accounting fee ratio 3%

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 · FY2024
Total grants receivedfrom 1 funder$25K
Grants paid · 5 grants · $458K · 2022–2024
Tech2elevate INCPA · FY2024$350,726
Tech2elevate INCPA · FY2023$79,547
Adams County Library SystemPA · FY2022$9,120
Snyder County Libraries INCPA · FY2022$6,620

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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)$1.4M revenue · viewing · ⤓ 990 PDF
FY2024$999K revenue · ⤓ 990 PDF
FY2023$2.0M revenue · ⤓ 990 PDF
FY2022$-45.0M revenue · ⤓ 990 PDF
FY2021$6.6M revenue · ⤓ 990 PDF
FY2020$6.2M 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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