Project Keystone EIN 82-3945874

Project Keystone FY2023 filing

EIN  82-3945874 Membership association Philadelphia, PA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 8/27/26 · see original filing: IRS
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Size
$1–10M
What they do
Connects Pennsylvania organizations with vital information.
Leadership
Dan Wiedemer · Chair
Money in and out
$708K revenue, $863K expenses
Bottom line
-22% operating surplus

Connects Pennsylvania organizations with vital information. For fiscal year 2023 it reported $708K in revenue, $863K in expenses, and $257K in net assets.Pt I

Membership & operating revenue · FY2023
Total revenue
$708K
Pt VIII · Ln 12
Total expenses
$863K
Pt IX · Ln 25
Net assets
$257K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$156K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.28
Operating surplus
-22%
revenue over expenses
Earned revenue
85%
of revenue from program services & dues
Program spending
72%
of expenses reach member services

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$708K
FY2023▼ -80%
Expenses
$863K
FY2023▼ -77%
Total assets
$435K
FY2023▼ -4%
Total liabilities
$178K
FY2023▲ +338%
Total revenue
$708K
Pt VIII · Ln 12
Total expenses
$863K
Pt IX · Ln 25
Net assets
$257K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$156K
Total assetsPt X · Ln 16$435K
Program-expense ratioPt IX · col B72%
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 $618K of program spending, described in the organization's own filed words · FY2023.
01

Project Keystones purpose as a social welfare organization is to

$618Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject Keystone
EINHdr · item D82-3945874
Principal addressHdr · item CPhiladelphia, PA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFCivil Rights & Advocacy (R99)
Ruling yearIRS BMFOct 2019

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 13No
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
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$600K · 85%
Contributions & grants$108K · 15%
Program service revenue85%$600K
Contributions & grants15%$108K
Total revenueLn 12$708K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.28
Program services72%$618K
Management & general28%$245K
Total functional expensesLn 25$863K

Balance Sheet

Part X · end of year
CashLn 1$380K
Total assetsLn 16$435K
Total liabilitiesLn 26$178K
Total net assetsLn 32$257K
Months of cash on handcomputed5.3

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $380K · Operating expenses/yr $863K
5.3 months
Where the money goes
Program services
Program services $618K · Total expenses $863K
72%
Management & General
Management & general $245K · Total expenses $863K
28%
Fundraising
Fundraising $0 · Total expenses $863K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $517K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $108K · Total revenue $708K
15%
Government reliance
Government grants — · Total revenue $708K
Earned-income share
Program service revenue $600K · Total revenue $708K
85%
Investment reliance
Investment income $0 · Total revenue $708K
0%
Program self-sufficiency
Program service revenue $600K · Total expenses $863K
70%
Growth & trend
Revenue growth (YoY)
This year $708K · Prior year $3.6M
-80%
Net-asset trend (YoY)
End of year $257K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $708K · Expenses $863K
-22%
Liabilities-to-Assets
Total liabilities — · Total assets $435K
Net-asset ratio
Net assets $257K · Total assets $435K
59%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $435K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dan Wiedemer · Reported title Chair · Highest reported compensation $0 · Total expenses $863K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $863K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 28%
Fundraising cost ratio 0%
Revenue growth -80%
Legal fee ratio 5%
Accounting fee ratio 2%

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 · funders on record
Grants received · FY2024
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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 (Latest)$3.8M revenue · ⤓ 990 PDF
FY2023$708K revenue · viewing · ⤓ 990 PDF
FY2022$3.6M revenue · ⤓ 990 PDF
FY2021$631K revenue · ⤓ 990 PDF
FY2020$2.8M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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