Keep Driving Foundation EIN 86-2666367

Keep Driving Foundation

EIN  86-2666367 Public charity (501(c)(3)) Greenwood Vlg, CO
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Provides funding to drive change and build a brighter future for individuals and organizations.
Leadership
Alexander Gillett · Chairman of the Board
Money in and out
$491K revenue, $348K expenses
Bottom line
97% program efficiency

Provides funding to drive change and build a brighter future for individuals and organizations. For fiscal year 2024 it reported $491K in revenue, $348K in expenses, and $288K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$491K
Pt VIII · Ln 12
Total expenses
$348K
Pt IX · Ln 25
Net assets
$288K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $143K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Program efficiency
97%
of spending reaches programs▲ +23% vs prior filing year
Operating runway
10.2mo
months of highly liquid reserves at operating expense rate▼ -86% vs prior filing year
Surplus margin
+29%
revenue over expenses, this year▼ -67% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$491K
FY2024▲ +102%
Expenses
$348K
FY2024▲ ×13
Total assets
$295K
FY2024▲ +88%
Total liabilities
$7K
FY2024
Total revenue
$491K
Pt VIII · Ln 12
Total expenses
$348K
Pt IX · Ln 25
Net assets
$288K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$143K
Total assetsPt X · Ln 16$295K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $108K of program spending, described in the organization's own filed words · FY2024.
01

Folds of Honor ensures that families who've sacrificed so much for our country and communities receive the education and opportunities they deserve. Whether it's K-12th grade or higher education, we believe the cost of pursuing their academic dreams should not be an additional burden

$47Kprogram expense
02

The mission of Food Bank of the Rockies is to ignite the power of community to nourish people facing hunger. We provide food and necessities to people in need through signature programs and by teaming up with hundreds of Hunger Relief Partners to serve communities across Colorado and Wyoming, the largest food bank coverage area in the…

$41Kprogram expense
03

Arapahoe County Mayors and Commissioner Youth Awards 2024, supporting 16 educational scholarships for at risk youth in the community.

$20Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKeep Driving Foundation
EINHdr · item D86-2666367
Principal addressHdr · item CGreenwood Vlg, CO
WebsiteHdr · item Jkeepdrivingfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFSep 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1bpending
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
Chairman of the Board
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$491K
Total revenueLn 12$491K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$339K
Management & general3%$9K
Total functional expensesLn 25$348K

Balance Sheet

Part X · end of year
CashLn 1$295K
Total assetsLn 16$295K
Total liabilitiesLn 26$7K
Total net assetsLn 32$288K
Months of cash on handcomputed10.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $295K · Operating expenses/yr $348K
10.2 months
Where the money goes
Program services
Program services $339K · Total expenses $348K
97%
Management & General
Management & general $9K · Total expenses $348K
3%
Fundraising
Fundraising $0 · Total expenses $348K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $367K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $491K · Total revenue $491K
100%
Government reliance
Government grants $0 · Total revenue $491K
0%
Earned-income share
Program service revenue $0 · Total revenue $491K
0%
Investment reliance
Investment income $0 · Total revenue $491K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $348K
0%
Growth & trend
Revenue growth (YoY)
This year $491K · Prior year $243K
+102%
Net-asset trend (YoY)
End of year $288K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $491K · Expenses $348K
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $295K
Net-asset ratio
Net assets $288K · Total assets $295K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $295K
0%
People & payroll
Highest Reported Total Compensation
Individual Alexander Gillett · Reported title Chairman of the Board · Highest reported compensation $0 · Total expenses $348K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $348K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Fundraising cost ratio 0%
Revenue growth 102%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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 · this organization's grantmaking
Grants paid · 11 grants · $180K · 2023–2024
Food Bank of the RockiesCO · FY2024$41,000
Arapahoe County Foundation INCFY2024$20,000
Full Plates Full PotentialME · FY2024$13,200
Team SummitCO · FY2024$10,000
Locker ProjectME · FY2024$10,000
Wyoming Rescue MissionWY · FY2024$8,000
An Angels Wing INCME · FY2023$7,500
Locker ProjectME · FY2023$7,500
Wyoming Rescue MissionWY · FY2023$6,000

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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 (Latest)$491K revenue · viewing · ⤓ 990 PDF
FY2023$243K 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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