Keystone Space Collaborative EIN 85-4392042

Keystone Space Collaborative FY2024 filing

EIN  85-4392042 Public charity (501(c)(3)) Pittsburgh, PA Founded 2021
Form 990 (PDF)
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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
$1.0M revenue, $919K expenses
Bottom line
81% program efficiency

Fosters the tri-state region's space industry, attracting businesses and talent. For fiscal year 2024 it reported $1.0M in revenue, $919K in expenses, and $576K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$919K
Pt IX · Ln 25
Net assets
$576K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $116K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.17 Fundraising $0.02
Program efficiency
81%
of spending reaches programs
Operating runway
3.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.0M
FY2024▲ +282%
Expenses
$919K
FY2024▲ +367%
Total assets
$811K
FY2024▲ +471%
Total liabilities
$235K
FY2024
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$919K
Pt IX · Ln 25
Net assets
$576K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$116K
Total assetsPt X · Ln 16$811K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $673K of program spending, described in the organization's own filed words · FY2023.
01

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.

$272Kprogram 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.

$204Kprogram expense
03

Innovation District

Keystone works with key partners to coordinate industry cluster development through the creation and advancement of the space and defense innovation district.

$197Kprogram 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 1a7
Independent voting membersPt VI · Ln 1b7
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 · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Board Chair
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Vice Chair
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Founding 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
Program service revenue$571K · 55%
Contributions & grants$464K · 45%
Program service revenue55%$571K
Contributions & grants45%$464K
Investment income$130
— government grantsLn 1e$286K
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.17 Fundraising $0.02
Program services81%$747K
Management & general17%$154K
Fundraising2%$17K
Total functional expensesLn 25$919K

Balance Sheet

Part X · end of year
CashLn 1$244K
Total assetsLn 16$811K
Total liabilitiesLn 26$235K
Total net assetsLn 32$576K
Months of cash on handcomputed3.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $244K · Operating expenses/yr $919K
3.2 months
Where the money goes
Program services
Program services $747K · Total expenses $919K
81%
Management & General
Management & general $154K · Total expenses $919K
17%
Fundraising
Fundraising $17K · Total expenses $919K
2%
Cost to raise $1
Fundraising expense (2-yr avg) $14K · Solicited contributions (2-yr avg) $128K
$0.11 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $464K · Total revenue $1.0M
45%
Government reliance
Government grants $286K · Total revenue $1.0M
28%
Earned-income share
Program service revenue $571K · Total revenue $1.0M
55%
Investment reliance
Investment income $130 · Total revenue $1.0M
0%
Program self-sufficiency
Program service revenue $571K · Total expenses $919K
62%
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year $271K
+282%
Net-asset trend (YoY)
End of year $576K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.0M · Expenses $919K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $811K
Net-asset ratio
Net assets $576K · Total assets $811K
71%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $811K
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 $919K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $113K · Total expenses $919K
12%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 17%
Fundraising cost ratio 4%
Revenue growth 282%
Legal fee ratio 3%
Accounting fee ratio 6%

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 · viewing · ⤓ 990 PDF
FY2023not on file
FY2022$271K revenue · ⤓ 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) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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