Keystone Space Collaborative EIN 85-4392042

Keystone Space Collaborative FY2022 filing

EIN  85-4392042 Public charity (501(c)(3)) Pittsburgh, PA Founded 2021
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Fosters the tri-state region's space industry, attracting businesses and talent.
Leadership
Justine Kasznica · Board Chair
Money in and out
$271K revenue, $197K expenses
Bottom line
61% program efficiency

Fosters the tri-state region's space industry, attracting businesses and talent. For fiscal year 2022 it reported $271K in revenue, $197K in expenses, and $142K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$271K
Pt VIII · Ln 12
Total expenses
$197K
Pt IX · Ln 25
Net assets
$142K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $74K
Where spending went · Part IX cols B–D
Program services $2.20 Management & general $0.67 Fundraising $0.12
Program efficiency
61%
of spending reaches programs
Operating runway
10.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+27%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$271K
FY2022▲ +128%
Expenses
$197K
FY2022
Total assets
$142K
FY2022
Total liabilities
$0
FY2022
Total revenue
$271K
Pt VIII · Ln 12
Total expenses
$197K
Pt IX · Ln 25
Net assets
$142K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$74K
Total assetsPt X · Ln 16$142K
Program-expense ratioPt IX · col B220%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

4 program services account for $544K of program spending, described in the organization's own filed words · FY2022.
01

Annual Conference

The second annual keystone space conference was held in june 2023, convening national and regional stakeholders in the rapidly growing commercial space industry to celebrate and amplify the tri-state regions impact.

$199Kprogram expense
02

Promotion of Space & Innovation

Keystone works with regional partners to advance and expand the space and space-adjacent industries across the tri-state region through a variety of avenues including events, partnership initiatives, educational series, and engaging presentations.

$123Kprogram expense
03

The inaugural keystone space annual conference was held april 20-21, 2022 at carnegie science center in pittsburgh, pa. The conference drew 200 attendees from commercial space companies, traditional government contractors, high school and university students and educators, and nasa and us department of defense officials.

$120Kprogram expense
04

Innovation Center

Keystone space innovation center is a facility located on pittsburgh's north shore for the purpose of providing a physical location to support and advance innovative and dual-use space technologies in the pittsburgh and broader tri-state region.

$101Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKeystone Space Collaborative
EINHdr · item D85-4392042
Principal addressHdr · item CPittsburgh, PA
WebsiteHdr · item Jwww.keystonespace.org
Year of formationHdr · item L2021
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJun 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
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
Board Chair
$0Pt VII · Sec A
Board Vice Chair
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Founding Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$246K · 91%
Program service revenue$25K · 9%
Contributions & grants91%$246K
Program service revenue9%$25K
— government grantsLn 1e$168K
Total revenueLn 12$271K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $2.20 Management & general $0.67 Fundraising $0.12
Program services220%$432K
Management & general67%$131K
Fundraising12%$24K
Total functional expensesLn 25$197K

Balance Sheet

Part X · end of year
CashLn 1$142K
Total assetsLn 16$142K
Total liabilitiesLn 26$0
Total net assetsLn 32$142K
Months of cash on handcomputed8.7

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $142K · Operating expenses (Pt IX) $197K · Less non-cash grants $33K · Cash operating expenses/yr $164K
10.4 months
Where the money goes
Program services
Program services $120K · Total expenses $197K
61%
Management & General
Management & general $66K · Total expenses $197K
34%
Fundraising
Fundraising $10K · Total expenses $197K
5%
Cost to raise $1
Fundraising expense $10K · Solicited contributions $77K
$0.13 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $246K · Total revenue $271K
91%
Government reliance
Government grants $168K · Total revenue $271K
62%
Earned-income share
Program service revenue $25K · Total revenue $271K
9%
Investment reliance
Investment income $0 · Total revenue $271K
0%
Program self-sufficiency
Program service revenue $25K · Total expenses $197K
13%
Growth & trend
Revenue growth (YoY)
This year $271K · Prior year $119K
+128%
Net-asset trend (YoY)
End of year $142K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $271K · Expenses $197K
+27%
Liabilities-to-Assets
Total liabilities — · Total assets $142K
Net-asset ratio
Net assets $142K · Total assets $142K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $142K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Justine Kasznica · Reported title BOARD CHAIR · Highest reported compensation $0 · Total expenses $197K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $70K · Total expenses $197K
36%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 220%
Overhead ratio 67%
Fundraising cost ratio 10%
Revenue growth 128%
Legal fee ratio 25%
Accounting fee ratio 14%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$26K
Grants paid · 5 grants · $200K · 2024–2024
Goeppert LLCFY2024$50,000
Monolith LLCFY2024$50,000
Beyond Reach Labs INCFY2024$50,000
Revitalize Energy INCFY2024$25,000
Kurt J Lesker CoFY2024$25,000

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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$1.0M revenue · ⤓ 990 PDF
FY2023not on file
FY2022$271K revenue · viewing · ⤓ 990 PDF
FY2021$119K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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