Key Changes Therapy Foundation: FY2021 Nonprofit Profile & Form 990 (EIN 83-0986896)

Revenue by fiscal year
FY2020	$268K
FY2021	$450K
FY2022	$558K

Expenses by fiscal year
FY2020	$310K
FY2021	$438K
FY2022	$601K

Net assets by fiscal year
FY2020	−$176K
FY2021	−$164K
FY2022	−$208K

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022. IRS ruling in Jul 2018.

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

Where the money goes

83 cents of each dollar spent went to programs.

83%

17%

Program services 83% · $363K Management & general 17% · $76K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation

Perrin Brunson

Chair

$0Pt VII · Sec A

Sam Edwards

Treasurer

$0Pt VII · Sec A

Meghan Humes

Secretary

$0Pt VII · Sec A

Majestic Sumter

Vice Chair

$0Pt VII · Sec A

See Key Changes Therapy Foundation 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 15aNo

Programs and updates

Provides creative arts therapies to help everyone heal and grow.

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Provided by the organization

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1 program · $363K · in their own filed words · FY2021

01

To provide traditional and arts based healthcare therapy services to the general public, with emphasis in special needs and or lower income children, in the columbia, SC area.

$363Kprogram 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 · FY2022

Central Carolina Community FoundationFY2022$39K

Total grants receivedfrom 1 funder$39K

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$450K

Ln 12

Fees for servicesLn 2g$335K

Gifts and grantsLn 1h$116K

Money outPt IX

$438K

Ln 25

Programscol B$363K

Managementcol C$76K

Owns and owesPt X

−$164K

net assets · Ln 32

Cash and savingsLn 1–2$83K

Total assetsLn 16$87K

LiabilitiesLn 26$251K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$116K

Government grantsLn 1e$115K

Noncash giftsLn 1g$42K

Fees for servicesLn 2g$335K

Total revenueLn 12$450K

Assets in detailPt X, end of year

CashLn 1$83K

Cash and savings togetherLn 1–2$83K

Land, buildings, equipmentLn 10c$4K

Total assetsLn 16$87K

LiabilitiesLn 26$251K

Net assetsLn 32−$164K

OperationsPt I, VI

EmployeesI 514

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$28K	$83K
Land, buildings, equipmentLn 10c	$5K	$4K
Total assetsLn 16	$32K	$87K
LiabilitiesLn 26	$209K	$251K
Net assetsLn 32	−$176K	−$164K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$294K	$265K	$29K
Other employee benefitsLn 9	$30K	$27K	$3K
Payroll taxesLn 10	$23K	$20K	$2K
Legal feesLn 11b	$143		$143
Advertising and promotionLn 12	$2K		$2K
Office expensesLn 13	$12K	$274	$11K
OccupancyLn 16	$34K	$34K
TravelLn 17	$923	$923
Conferences, conventions and meetingsLn 19	$361		$361
InterestLn 20	$12K		$12K
Depreciation, depletion and amortizationLn 22	$767		$767
InsuranceLn 23	$2K		$2K
Other expenses (24a–d)Ln 24	$26K	$14K	$13K
All other expensesLn 24e	$1K	$1K
Total functional expensesLn 25	$438K	$363K	$76K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 Latest	$558K	$601K	−$43K	−$208K	990 PDF
FY2021 Viewing	$450K	$438K	$12K	−$164K	990 PDF
FY2020	$268K	$310K	−$42K	−$176K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $450,315 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $50,492$115,550

I-9 Program service revenuePrior year $216,620$334,765

I-10 Investment income$0

I-11 Other revenuePrior year $995$0

I-12 Total revenuePrior year $268,107$450,315

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $225,685$347,008

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $84,425$91,298

I-18 Total expensesPrior year $310,110$438,306

I-19 Revenue less expensesPrior year −$42,003$12,009

Part VI · Governance 4 of 4 board members independent, 4 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $450,315 across 6 lines filed

Lines not itemized here account for −$57,191 of total revenue; see the IRS return.

VIII-1e Government grants$114,624

VIII-1f All other contributions, gifts and grants$926

VIII-1g Noncash contributions (included above)$42,067

VIII-1h Total contributions, gifts and grants$115,550

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $391,956$391,956

VIII-12 Total revenueRelated to mission $334,765$450,315

Part IX · Statement of functional expenses $438,306 across 14 lines filed

IX-7 Other salaries and wagesPrograms $264,717 · Management $29,413$294,130

IX-9 Other employee benefitsPrograms $27,339 · Management $3,038$30,377

IX-10 Payroll taxesPrograms $20,251 · Management $2,250$22,501

IX-11b Legal feesManagement $143$143

IX-12 Advertising and promotionManagement $1,808$1,808

IX-13 Office expensesPrograms $274 · Management $11,347$11,621

IX-16 OccupancyPrograms $34,386$34,386

IX-17 TravelPrograms $923$923

IX-19 Conferences, conventions and meetingsManagement $361$361

IX-20 InterestManagement $11,862$11,862

IX-22 Depreciation, depletion and amortizationManagement $767$767

IX-23 InsuranceManagement $1,877$1,877

IX-24 Other expenses (24a–d)Programs $13,674 · Management $12,653$26,327

IX-24e All other expensesPrograms $1,223$1,223

IX-25 Total functional expensesPrograms $362,787 · Management $75,519 · Fundraising $0$438,306

Part X · Balance sheet $86,895 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $27,647$83,051

X-10c Land, buildings and equipment, netStart of year $4,751$3,844

X-16 Total assetsStart of year $32,398$86,895

X-17 Accounts payable and accrued expensesStart of year $7,195$12,674

X-24 Unsecured notes and loans payableStart of year $127,469$124,339

X-25 Other liabilitiesStart of year $74,022$114,302

X-26 Total liabilitiesStart of year $208,686$251,315

X-27 Net assets without donor restrictionsStart of year −$176,288−$164,420

X-32 Total net assets or fund balancesStart of year −$176,288−$164,420

X-33 Total liabilities and net assetsStart of year $32,398$86,895

Part XI · Reconciliation of net assets −$164,420 net assets at year end

XI-1 Total revenue$450,315

XI-2 Total expenses$438,306

XI-3 Revenue less expenses$12,009

XI-4 Net assets at start of year−$176,288

XI-9 Other changes in net assets−$141

XI-10 Net assets at end of year−$164,420

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

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Key Changes Therapy Foundation FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Key Changes Therapy Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV