Keys 2 Work INC FY2021 filing

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Please see schedule o. The corporation is organzied exclusively to promote the charitable purposes and goals of workforce, INC. That mission is to promote, organize, participate in, develop, sponsor, and/or operate various programs focused on workforce development and placement as an economic development strategy, to educate and train ex-offenders in the skilled labor trade of electronics recycling, to invest in this workforce as a means to reducing the skilled labor shortage, and to reduce criminal recidivism rates in indiana.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 85-0832235) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
6¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $241K a year · 8% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
6%
of spending
6% of spending went to programs.
Pt IX · Ln 25 · col B
13.8 mo
of spending, in cash
13.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $302K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$150K
88% of total assets
Liabilities are 88% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$168K
Spent
$148K
To programs
6%
Net assets
$20K
By yearFY2021–FY2025
Revenue
$168K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$168K
FY2022$1.4M
FY2023$2.5M
FY2024$4.7M
FY2025$6.4M
Expenses
$148K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$148K
FY2022$1.2M
FY2023$2.2M
FY2024$4.3M
FY2025$6.2M
Net assets
$20K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$20K
FY2022$207K
FY2023$514K
FY2024$988K
FY2025$1.2M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2020.

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

Where the money goes

6 cents of each dollar spent went to programs.

Program services 6% · $9K Management & general 91% · $135K Fundraising 3% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President, Board Member, Non-Voting
$0Pt VII · Sec A
Board Member, Non-Voting
$0Pt VII · Sec A
See Keys 2 Work INC executive salaries →

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

Trains ex-offenders in electronics recycling for jobs, reducing recidivism and skilled labor shortages.

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1 program · $9K · in their own filed words · FY2020
01

KEYS2WORK inc. Is a type 1 supporting organization of workforce inc. Workforce, inc. Dba recycleforce focuses on a triple bottom line to measure success: social, environmental, and economic.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 85-0832235) · Dispute this line
$9Kprogram 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
Total grants receivedfrom 2 funders$302K

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $3.3M federal money spent
Reentry Employment OpportunitiesDepartment of Labor · ALN 17.270 · Direct and through Workforce, INC. D/B/A Recycleforce$2.9M
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through Indianapolis Private Industry Council, INC. DBA Employindy American Rescue Plan Act$300K
Community Project Funding/Congressionally Directed SpendingDepartment of Labor · ALN 17.289 · Through Workforce, INC. D/B/A Recycleforce$25K
Brownfields Job Training Cooperative AgreementsEnvironmental Protection Agency · ALN 66.815 · Through Workforce, INC. D/B/A Recycleforce$17K
Wioa Youth ActivitiesDepartment of Labor · ALN 17.259 · Direct$15K

The auditor reported no findings.

Year ending Jun 2024 · $1.5M federal money spent
Reintegration of Ex-OffendersDepartment of Labor · ALN 17.270 · Direct and through Workforce, INC. D/B/A Recycleforce$1.4M
Wia Youth ActivitiesDepartment of Labor · ALN 17.259 · Direct$45K
Environmental Workforce Development and Job Training Cooperative AgreementsEnvironmental Protection Agency · ALN 66.815 · Through Workforce, INC. D/B/A Recycleforce$15K
Community Services Block Grant_discretionary AwardsDepartment of Health and Human Services · ALN 93.570 · Through Workforce, INC. D/B/A Recycleforce$9K
Niehs Hazardous Waste Worker Health and Safety TrainingDepartment of Health and Human Services · ALN 93.142 · Through Workforce, INC. D/B/A Recycleforce$1K

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$168K
Ln 12
Fees for servicesLn 2g$116K
Gifts and grantsLn 1h$52K
Money outPt IX
$148K
Ln 25
Programscol B$9K
Managementcol C$135K
Fundraisingcol D$4K
Owns and owesPt X
$20K
net assets · Ln 32
Cash and savingsLn 1–2$169K
Total assetsLn 16$170K
LiabilitiesLn 26$150K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$52K
Fees for servicesLn 2g$116K
Total revenueLn 12$168K
Assets in detailPt X, end of year
CashLn 1$169K
Cash and savings togetherLn 1–2$169K
Accounts receivableLn 4$372
Total assetsLn 16$170K
LiabilitiesLn 26$150K
Net assetsLn 32$20K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$0$169K
Total assetsLn 16$0$170K
LiabilitiesLn 26$0$150K
Net assetsLn 32$0$20K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$11K$11K
Other salaries and wagesLn 7$107K$5K$102K
Other employee benefitsLn 9$5K$5K
Payroll taxesLn 10$11K$11K
Office expensesLn 13$114$114
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$10K$4K$2K$4K
Total functional expensesLn 25$148K$9K$135K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Dec 23, 2025 $6.4M$6.2M$218K$1.2M 990 PDF
FY2024Filed with the IRS Feb 25, 2025 $4.7M$4.3M$474K$988K 990 PDF
FY2023Filed with the IRS May 13, 2024 $2.5M$2.2M$308K$514K 990 PDF
FY2022Filed with the IRS May 10, 2023 $1.4M$1.2M$187K$207K 990 PDF
FY2021 ViewingFiled with the IRS Mar 28, 2022 $168K$148K$20K$20K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $167,639 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$51,968
I-9 Program service revenuePrior year $0$115,671
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $0$167,639
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$134,602
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$13,197
I-18 Total expensesPrior year $0$147,799
I-19 Revenue less expensesPrior year $0$19,840
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $167,639 across 4 lines filed
VIII-1f All other contributions, gifts and grants$51,968
VIII-1h Total contributions, gifts and grants$51,968
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $115,671$115,671
VIII-12 Total revenueRelated to mission $115,671 · Unrelated business $0 · Excluded from tax $0$167,639
Part IX · Statement of functional expenses $147,799 across 7 lines filed
IX-6 Pay of disqualified personsManagement $11,000$11,000
IX-7 Other salaries and wagesPrograms $5,169 · Management $102,184$107,353
IX-9 Other employee benefitsManagement $4,808$4,808
IX-10 Payroll taxesManagement $11,441$11,441
IX-13 Office expensesManagement $114$114
IX-23 InsuranceManagement $3,254$3,254
IX-24 Other expenses (24a–d)Programs $3,879 · Management $1,950 · Fundraising $4,000$9,829
IX-25 Total functional expensesPrograms $9,048 · Management $134,751 · Fundraising $4,000$147,799
Part X · Balance sheet $169,740 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $0$169,368
X-4 Accounts receivableStart of year $0$372
X-16 Total assetsStart of year $0$169,740
X-25 Other liabilitiesStart of year $0$149,900
X-26 Total liabilitiesStart of year $0$149,900
X-27 Net assets without donor restrictions$19,840
X-28 Net assets with donor restrictions$0
X-32 Total net assets or fund balancesStart of year $0$19,840
X-33 Total liabilities and net assetsStart of year $0$169,740
Part XI · Reconciliation of net assets $19,840 net assets at year end
XI-1 Total revenue$167,639
XI-2 Total expenses$147,799
XI-3 Revenue less expenses$19,840
XI-4 Net assets at start of year$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$19,840

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

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