Key Educational Group EIN 81-0736483

Key Educational Group FY2021 filing

EIN  81-0736483 Public charity (501(c)(3)) Dublin, CA Founded 2015
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 8/23/26 · see original filing: IRS
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Size
$1–10M
What they do
Educates and inspires young people for a brighter future.
Leadership
Krista Kastriotis · Executive Dir. · $184K
Money in and out
$2.2M revenue, $2.1M expenses
Bottom line
90% program efficiency

Educates and inspires young people for a brighter future. For fiscal year 2021 it reported $2.2M in revenue, $2.1M in expenses, and $676K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$2.2M
Pt VIII · Ln 12
Total expenses
$2.1M
Pt IX · Ln 25
Net assets
$676K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $127K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Program efficiency
90%
of spending reaches programs
Operating runway
2.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$2.2M
FY2021▲ +54%
Expenses
$2.1M
FY2021▲ +48%
Total assets
$852K
FY2021▲ +3%
Total liabilities
$176K
FY2021▼ -37%
Total revenue
$2.2M
Pt VIII · Ln 12
Total expenses
$2.1M
Pt IX · Ln 25
Net assets
$676K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$127K
Total assetsPt X · Ln 16$852K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

3 program services account for $1.9M of program spending, described in the organization's own filed words · FY2020.
01

School Management

Group provides oversight support, programmatic support services, staff development, supervisory oversight, and services and support, including the staff necessary to provide this support, to existing and new KEY schools so that they operate in a manner consistent with the terms of their Charters and agreements with authorizers.

$753Kprogram expense
02

Preschools Key Explorers Preschool & Early Childhood Center recognizes each child as an individual and foster the development of each childs social, emotional, physical, and intellectual potential to empower them to become productive and compassionate global citizens.Key Explorers preschools offer appropriate developmental goals for each…

$603Kprogram expense
03

Other School Related Consulting services Key Educational Group offers a variety of services that school would need. Key Educational Group offers a comprehensive summer program, provides long term subs and instructional aides, resource teachers, provides mentor teachers for new teachers.

$527Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKey Educational Group
EINHdr · item D81-0736483
Principal addressHdr · item CDublin, CA
WebsiteHdr · item Jwww.keyeducation.org
Year of formationHdr · item L2015
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B11)
Ruling yearIRS BMFOct 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Dir.
$183,649Pt VII · Sec A
$155,395Pt VII · Sec A
Finance Director
$154,642Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Krista Kastriotis’s $262K as Executive Dir. is at the 92nd percentile of top reported officer pay among 3393 $1–10M education 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 · 6 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Krista Kastriotis$262,201$226,649$206,148$186,149$183,649$176,099
Tiffani Kastriotis$209,362$193,003$157,343$155,313$155,395
Angela Y Chang$195,655$176,802$141,242$149,242$154,642$143,521
Christine Mays$144,370
Eric Dillie$122,039
Christina Mays$103,903

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$2.0M · 90%
Contributions & grants$204K · 9%
Program service revenue90%$2.0M
Contributions & grants9%$204K
Other revenue$11K
— government grantsLn 1e$190K
Total revenueLn 12$2.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$1.9M
Management & general10%$202K
Total functional expensesLn 25$2.1M

Balance Sheet

Part X · end of year
CashLn 1$420K
Total assetsLn 16$852K
Total liabilitiesLn 26$176K
Total net assetsLn 32$676K
Months of cash on handcomputed2.4

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $420K · Operating expenses/yr $2.1M
2.4 months
Where the money goes
Program services
Program services $1.9M · Total expenses $2.1M
90%
Management & General
Management & general $202K · Total expenses $2.1M
10%
Fundraising
Fundraising $0 · Total expenses $2.1M
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $7K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $204K · Total revenue $2.2M
9%
Government reliance
Government grants $190K · Total revenue $2.2M
9%
Earned-income share
Program service revenue $2.0M · Total revenue $2.2M
90%
Investment reliance
Investment income $0 · Total revenue $2.2M
0%
Program self-sufficiency
Program service revenue $2.0M · Total expenses $2.1M
96%
Growth & trend
Revenue growth (YoY)
This year $2.2M · Prior year $1.4M
+54%
Net-asset trend (YoY)
End of year $676K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.2M · Expenses $2.1M
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $852K
Net-asset ratio
Net assets $676K · Total assets $852K
79%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $852K
0%
People & payroll
Highest Reported Total Compensation
Individual Krista Kastriotis · Reported title Executive Dir. · Highest reported compensation $184K · Total expenses $2.1M
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.5M · Total expenses $2.1M
72%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Fundraising cost ratio 0%
Revenue growth 54%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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$5.1M revenue · ⤓ 990 PDF
FY2023$3.9M revenue · ⤓ 990 PDF
FY2022$3.0M revenue · ⤓ 990 PDF
FY2021$2.2M revenue · viewing · ⤓ 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) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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