Skip to content
Nonprofiteer
← KEY CENTER FOUNDATION INC

Form 990 for tax year 2023

Filed by KEY CENTER FOUNDATION INC.

Totals

Total revenue
$3,817,531
Total expenses
$2,932,643
Contributions and grants received
$901,743
Grants paid
$0
Program service revenue
$0
Investment income
$131
Other revenue
$2,915,657
Total assets, end of year
$2,763,841
Total liabilities, end of year
$649,583
Net assets or fund balances, end of year
$2,114,258
Program services expenses (Part IX)
$2,453,595
Management and general expenses
$103,703
Fundraising expenses
$375,345
Program service expenses (Part III)
$2,453,595

Program services were 83.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $901,743

  • 3 · Investment income

    total $131 · excluded $131

  • 8a · Fundraising events: gross income

    $247,110

  • 8b · Fundraising events: direct expenses

    $80,762

  • 8c · Net income from fundraising events

    total $166,348

  • 10a · Gross sales of inventory

    $2,851,004

  • 10b · Cost of goods sold

    $101,695

  • 10c · Net income from sales of inventory

    total $2,749,309 · related or exempt $2,749,309

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,552,428 · program services $1,361,515 · fundraising $190,913

  • 11g · Fees: other

    total $98,595 · program services $69,057 · management and general $18,224 · fundraising $11,314

  • 16 · Occupancy

    total $321,270 · program services $283,206 · management and general $8,333 · fundraising $29,731

  • 22 · Depreciation, depletion and amortization

    total $3,419 · program services $3,419

  • 23 · Insurance

    total $129,359 · program services $129,359

  • 24a · Other expenses: HOME OFFICE ALLOCATIONS

    total $430,083 · program services $345,584 · management and general $44,735 · fundraising $39,764

  • 24b · Other expenses: INTERNET AND UTILITIES

    total $166,973 · program services $157,473 · management and general $122 · fundraising $9,378

  • 24c · Other expenses: MAINTENANCE/REPAIRS

    total $93,571 · program services $47,541 · management and general $22,315 · fundraising $23,715

  • 24d · Other expenses: EDUCATION AND AWARENESS

    total $41,911 · program services $5,849 · fundraising $36,062

  • 24e · All other expenses

    total $95,034 · program services $50,592 · management and general $9,974 · fundraising $34,468

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $603,157 · end of year $122,966

  • 2 · Savings and temporary cash investments

    beginning of year $580,780 · end of year $115,167

  • 4 · Accounts receivable

    beginning of year $734,253 · end of year $1,380,694

  • 8 · Inventories for sale or use

    beginning of year $18,234 · end of year $13,626

  • 10a · Land, buildings and equipment: cost or other basis

    $854,510

  • 10b · Land, buildings and equipment: accumulated depreciation

    $83,969

  • 10c · Land, buildings and equipment, net

    beginning of year $130,957 · end of year $770,541

  • 15 · Other assets

    beginning of year $38,980 · end of year $360,847

  • 17 · Accounts payable and accrued expenses

    beginning of year $314,917 · end of year $442,761

  • 24 · Unsecured notes and loans payable

    beginning of year $150,000 · end of year $150,000

  • 25 · Other liabilities

    beginning of year $64,459 · end of year $56,822

  • 27 · Net assets without donor restrictions

    beginning of year $1,321,585 · end of year $1,858,858

  • 28 · Net assets with donor restrictions

    beginning of year $255,400 · end of year $255,400

Mission and programs · 2023

Mission

FUNDRAISING FOR OTHER RELATED ENTITIES SO THAT THEY CAN ASSIST PERSONS WITH DEVELOPMENTAL DISABILITIES ACHIEVE THEIR GOD GIVEN POTENTIAL THROUGH AN ARRAY OF INDIVIDUALIZED SERVICES THAT PROMOTE GROWTH,CHOICE, AND INDEPENDENCE WITH KINDNESS, LOVE, DIGNITY, RESPECT.

  • THE ORGANIZATION RAISED FUNDS TO BENEFIT THE ACTIVITIES OF RELATED ORGANIZATIONS.

    Expenses $2,453,595

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dale Coburn

    DIRECTOR

    Total calculated
    $0

  • Teresa Jolly

    DIRECTOR

    Total calculated
    $0

  • Roscoe Watts Jr

    DIRECTOR

    Total calculated
    $0

  • Lynn Kirby

    RECORDING SE

    Total calculated
    $0

  • Chris Moling

    VICE PRESIDE

    Total calculated
    $0

  • Jim Morton

    CORRESPONDIN

    Total calculated
    $0

  • Gary Pearcy

    DIRECTOR

    Total calculated
    $0

  • Stephanie Stevens

    DIRECTOR

    Total calculated
    $0

  • Dennis J Vick

    TREASURER

    Total calculated
    $0

  • Melissa Walker

    EXECUTIVE DI

    Total calculated
    $0

  • Carolyn Zemanik

    PRESIDENT

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
1 May 2025
IRS schema version
2023v6.0
Source object
202501219349301425

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.