Keys 2 Success INC

Tax-deductible

New Providnce, NJ501(c)(3)Human ServicesEIN 81-4533133Revenue $286K in FY2025

On file with the IRSkeysnewark.com1536 Springfield Ave, 07974-1344 · New Providnce, NJTax-exempt since Aug 2017Publicly supported — 509(a)(2)

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Keys 2 Success seeks to enrich the lives disadvantaged children in newark, NJ through music education. Long-term, its seeks to improve individual lives and the communities in which those lives are lived. The means to that end will be intense, individualized training in the piano, coupled with percussion work to strengthen rhythmic skill and ensemble work to enhance collaborative ability and peer learning skills.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Run by 15 volunteers and 14 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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 4
filings with a surplus
Average surplus $26K a year · 9% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $148K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$286K
-16% vs prior year
Spent
$298K
To programs
71%
Net assets
$207K
By yearFY2021–FY2025
Revenue
$286K
FY2025▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2021$161K
FY2022$204K
FY2023$294K
FY2024$342K
FY2025$286K
Expenses
$298K
FY2025▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$202K
FY2023$200K
FY2024$320K
FY2025$298K
Net assets
$207K
FY2025▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2021$92K
FY2022$94K
FY2023$188K
FY2024$218K
FY2025$207K

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2017.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $212K Management & general 17% · $52K Fundraising 11% · $34K

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Trustee/Dire
$0Pt VII · Sec A
Trustee/Dire
$0Pt VII · Sec A
Exec Directo
$0Pt VII · Sec A

Jee-Hoon Yap Krska’s $20K as Exec Directo is at the 11th percentile of top reported officer pay among 2168 $100K–1M 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022
Jee-Hoon Yap Krska$20,000$20,000$20,000

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.

See Keys 2 Success INC executive salaries →

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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

Enriches disadvantaged children's lives through individualized piano and music education.

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Provided by the organization

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1 program · $212K · in their own filed words · FY2024
01

Keys 2 success brings quality music education to students starting in pre-k in the most underserved areas of newark. Our free, daily piano lessons are delivered in a group setting in the students' own environment, where teachers and volunteers work to remove barriers and support students as they develop into future leaders

$212Kprogram 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 9 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$286K
Ln 12
Gifts and grantsLn 1h$281K
Investment incomeLn 3$4K
Other incomeLn 4–11$2K
Money outPt IX
$298K
Ln 25
Programscol B$212K
Managementcol C$52K
Fundraisingcol D$34K
Owns and owesPt X
$207K
net assets · Ln 32
Cash and savingsLn 1–2$136K
Total assetsLn 16$207K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$281K
Investment incomeLn 3$4K
Other incomeLn 4–11$2K
Total revenueLn 12$286K
Assets in detailPt X, end of year
CashLn 1$100K
SavingsLn 2$36K
Cash and savings togetherLn 1–2$136K
InvestmentsLn 11–13$16K
Land, buildings, equipmentLn 10c$56K
Total assetsLn 16$207K
LiabilitiesLn 26$0
Net assetsLn 32$207K
OperationsPt I, VI
EmployeesI 514
VolunteersI 615
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 FY25End FY25
Cash and savingsLn 1–2$170K$136K
InvestmentsLn 11–13$16K
Land, buildings, equipmentLn 10c$48K$56K
Total assetsLn 16$218K$207K
LiabilitiesLn 26$0$0
Net assetsLn 32$218K$207K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$191K$151K$19K$21K
Payroll taxesLn 10$19K$15K$2K$2K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$7K$6K$839
OccupancyLn 16$10K$10K
TravelLn 17$20K$20K
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$15K$2K$13K
Other expenses (24a–d)Ln 24$11K$6K$3K$2K
Total functional expensesLn 25$298K$212K$52K$34K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $286K$298K−$12K$207K 990 PDF
FY2024 $342K$320K$22K$218K 990 PDF
FY2023 $294K$200K$94K$188K 990 PDF
FY2022 $204K$202K$2K$94K 990 PDF
FY2021 $161K$92K 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 FY2025 990 (6 parts)
Part I · Summary $286,114 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $338,438$280,597
I-9 Program service revenue$0
I-10 Investment incomePrior year $2,899$3,766
I-11 Other revenuePrior year $803$1,751
I-12 Total revenuePrior year $342,140$286,114
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $243,014$210,302
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $77,036$87,340
I-18 Total expensesPrior year $320,050$297,642
I-19 Revenue less expensesPrior year $22,090−$11,528
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $286,114 across 5 lines filed
VIII-1f All other contributions, gifts and grants$280,597
VIII-1h Total contributions, gifts and grants$280,597
VIII-3 Investment incomeExcluded from tax $3,766$3,766
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,751$1,751
VIII-12 Total revenueExcluded from tax $5,517$286,114
Part IX · Statement of functional expenses $297,642 across 11 lines filed
IX-7 Other salaries and wagesPrograms $150,559 · Management $19,088 · Fundraising $21,367$191,014
IX-10 Payroll taxesPrograms $15,203 · Management $1,927 · Fundraising $2,158$19,288
IX-11c Accounting feesManagement $8,549$8,549
IX-11g Other fees for servicesPrograms $2,400$2,400
IX-12 Advertising and promotionFundraising $7,874$7,874
IX-13 Office expensesManagement $5,849 · Fundraising $839$6,688
IX-16 OccupancyPrograms $10,100$10,100
IX-17 TravelPrograms $19,926$19,926
IX-22 Depreciation, depletion and amortizationPrograms $5,883$5,883
IX-23 InsurancePrograms $1,654 · Management $13,061$14,715
IX-24 Other expenses (24a–d)Programs $6,168 · Management $3,358 · Fundraising $1,679$11,205
IX-25 Total functional expensesPrograms $211,893 · Management $51,832 · Fundraising $33,917$297,642
Part X · Balance sheet $207,303 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $135,336$99,633
X-2 Savings and temporary cash investmentsStart of year $35,000$36,256
X-10c Land, buildings and equipment, netStart of year $47,688$55,550
X-11 Publicly traded securities$15,864
X-16 Total assetsStart of year $218,024$207,303
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $183,024$186,842
X-28 Net assets with donor restrictionsStart of year $35,000$20,461
X-32 Total net assets or fund balancesStart of year $218,024$207,303
X-33 Total liabilities and net assetsStart of year $218,024$207,303
Part XI · Reconciliation of net assets $207,303 net assets at year end
XI-1 Total revenue$286,114
XI-2 Total expenses$297,642
XI-3 Revenue less expenses−$11,528
XI-4 Net assets at start of year$218,024
XI-5 Net unrealized gains (losses) on investments$807
XI-10 Net assets at end of year$207,303

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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