Support and serve the tri-state region's (PA, WV, oh) growing Space industry, and to attract and expand the next generation of Space industry businesses and talent in the region.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $95K a year · 15% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $26K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$235K
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
+282% vs prior year
Spent
$919K
To programs
81%
Net assets
$576K
By yearFY2021–FY2024
Revenue
$1.0M
FY2024▲ +282%
Tap a bar for its year
Revenue by fiscal year
FY2021$119K
FY2022$271K
FY2024$1.0M
FY2024$691K
Expenses
$919K
FY2024▲ +367%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$197K
FY2024$919K
FY2024$1.0M
Net assets
$576K
FY2024▲ +305%
Tap a bar for its year
Net assets by fiscal year
FY2021$68K
FY2022$142K
FY2024$576K
FY2024$234K

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2022.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $747K Management & general 17% · $154K Fundraising 2% · $17K

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

7 people listed on the 990.

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
See Keystone Space Collaborative 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

Fosters the tri-state region's space industry, attracting businesses and talent.

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Provided by the organization

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3 programs · $673K · in their 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

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Fees for servicesLn 2g$571K
Gifts and grantsLn 1h$464K
Investment incomeLn 3$130
Money outPt IX
$919K
Ln 25
Programscol B$747K
Managementcol C$154K
Fundraisingcol D$17K
Owns and owesPt X
$576K
net assets · Ln 32
Cash and savingsLn 1–2$244K
Total assetsLn 16$811K
LiabilitiesLn 26$235K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$464K
Government grantsLn 1e$286K
Fees for servicesLn 2g$571K
Investment incomeLn 3$130
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$244K
Cash and savings togetherLn 1–2$244K
Land, buildings, equipmentLn 10c$104K
Other assetsLn 15$209K
Total assetsLn 16$811K
LiabilitiesLn 26$235K
Net assetsLn 32$576K
OperationsPt I, VI
EmployeesI 52
VolunteersI 67
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$44K$244K
Land, buildings, equipmentLn 10c$22K$104K
Total assetsLn 16$629K$811K
LiabilitiesLn 26$169K$235K
Net assetsLn 32$460K$576K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$100K$78K$18K$5K
Other employee benefitsLn 9$4K$3K$780$222
Payroll taxesLn 10$8K$6K$1K$418
Management feesLn 11a$70K$35K$35K
Legal feesLn 11b$26K$16K$9K$376
Accounting feesLn 11c$53K$53K
Other fees for servicesLn 11g$299K$275K$13K$11K
Advertising and promotionLn 12$77K$71K$6K
Office expensesLn 13$27K$27K$215
Information technologyLn 14$3K$3K
OccupancyLn 16$214K$214K
TravelLn 17$12K$4K$8K
Conferences, conventions and meetingsLn 19$14K$14K
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$2K$2K$100
Total functional expensesLn 25$919K$747K$154K$17K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $1.0M$919K$116K$576K 990 PDF
FY2023 Not on file
FY2022 $271K$197K$74K$142K 990 PDF
FY2021 $119K$68K 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 O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,034,527 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $737,250$463,662
I-9 Program service revenuePrior year $167,006$570,735
I-10 Investment incomePrior year $0$130
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $904,256$1,034,527
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 $70,371$113,001
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $516,727$805,513
I-18 Total expensesPrior year $587,098$918,514
I-19 Revenue less expensesPrior year $317,158$116,013
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,034,527 across 6 lines filed
VIII-1e Government grants$285,662
VIII-1f All other contributions, gifts and grants$178,000
VIII-1h Total contributions, gifts and grants$463,662
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $570,735$570,735
VIII-3 Investment incomeExcluded from tax $130$130
VIII-12 Total revenueRelated to mission $570,735 · Unrelated business $0 · Excluded from tax $130$1,034,527
Part IX · Statement of functional expenses $918,514 across 16 lines filed
IX-7 Other salaries and wagesPrograms $77,639 · Management $17,531 · Fundraising $5,009$100,179
IX-9 Other employee benefitsPrograms $3,453 · Management $780 · Fundraising $222$4,455
IX-10 Payroll taxesPrograms $6,485 · Management $1,464 · Fundraising $418$8,367
IX-11a Management feesPrograms $35,453 · Management $34,600$70,053
IX-11b Legal feesPrograms $16,323 · Management $9,034 · Fundraising $376$25,733
IX-11c Accounting feesManagement $52,530$52,530
IX-11g Other fees for servicesPrograms $274,819 · Management $13,021 · Fundraising $11,063$298,903
IX-12 Advertising and promotionPrograms $71,463 · Management $5,589$77,052
IX-13 Office expensesPrograms $27,167 · Management $215$27,382
IX-14 Information technologyManagement $3,119$3,119
IX-16 OccupancyPrograms $214,149$214,149
IX-17 TravelPrograms $4,018 · Management $7,666$11,684
IX-19 Conferences, conventions and meetingsPrograms $14,491$14,491
IX-22 Depreciation, depletion and amortizationManagement $6,033$6,033
IX-23 InsuranceManagement $2,312$2,312
IX-24 Other expenses (24a–d)Programs $1,972 · Management $100$2,072
IX-25 Total functional expensesPrograms $747,432 · Management $153,994 · Fundraising $17,088$918,514
Part X · Balance sheet $811,068 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $44,081$244,304
X-3 Pledges and grants receivableStart of year $403,500$111,660
X-4 Accounts receivableStart of year $43,155$99,270
X-9 Prepaid expenses and deferred chargesStart of year $14,664$42,961
X-10c Land, buildings and equipment, netStart of year $21,676$104,245
X-15 Other assetsStart of year $101,983$208,628
X-16 Total assetsStart of year $629,059$811,068
X-17 Accounts payable and accrued expensesStart of year $52,519$35,610
X-19 Deferred revenueStart of year $14,675$10,681
X-25 Other liabilitiesStart of year $101,983$188,882
X-26 Total liabilitiesStart of year $169,177$235,173
X-27 Net assets without donor restrictionsStart of year $209,882$343,643
X-28 Net assets with donor restrictionsStart of year $250,000$232,252
X-32 Total net assets or fund balancesStart of year $459,882$575,895
X-33 Total liabilities and net assetsStart of year $629,059$811,068
Part XI · Reconciliation of net assets $575,895 net assets at year end
XI-1 Total revenue$1,034,527
XI-2 Total expenses$918,514
XI-3 Revenue less expenses$116,013
XI-4 Net assets at start of year$459,882
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$575,895

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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