Skip to content
Nonprofiteer
← KEYSTONE SCHOOL

Form 990 for tax year 2024

Filed by KEYSTONE SCHOOL.

Totals

Total revenue
$13,910,127
Total expenses
$12,902,773
Contributions and grants received
$1,492,683
Grants paid
$691,954
Program service revenue
$12,038,693
Investment income
$300,545
Other revenue
$78,206
Total assets, end of year
$16,610,406
Total liabilities, end of year
$1,806,992
Net assets or fund balances, end of year
$14,803,414
Program services expenses (Part IX)
$10,467,036
Management and general expenses
$2,220,463
Fundraising expenses
$215,274
Program service expenses (Part III)
$10,467,036

Program services were 81.1% 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.

  • 1c · Fundraising events

    $111,681

  • 1f · All other contributions, gifts and grants

    $1,381,002

  • 1g · Noncash contributions included above

    $22,610

  • 2a · Program service revenue: TUITION & FEES

    total $11,367,992 · related or exempt $11,367,992

  • 2b · Program service revenue: STUDENT ACTIVITIES

    total $396,132 · related or exempt $396,132

  • 2c · Program service revenue: AFTER SCHOOL CARE

    total $274,569 · related or exempt $274,569

  • 3 · Investment income

    total $300,545 · excluded $300,545

  • 5 · Royalties

    total $78,374 · excluded $78,374

  • 8a · Fundraising events: gross income

    $31,210

  • 8a · Fundraising events: contributions included on line 1c

    $111,681

  • 8b · Fundraising events: direct expenses

    $41,600

  • 8c · Net income from fundraising events

    total -$10,390 · excluded -$10,390

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $10,222 · excluded $10,222

  • 11e · Other revenue, total

    $10,222

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $691,954 · program services $691,954

  • 5 · Compensation of officers, directors and key employees

    total $507,256 · program services $388,813 · management and general $113,016 · fundraising $5,427

  • 7 · Other salaries and wages

    total $6,499,392 · program services $4,982,188 · management and general $1,447,681 · fundraising $69,523

  • 8 · Pension plan contributions

    total $377,976 · program services $289,309 · management and general $84,604 · fundraising $4,063

  • 9 · Other employee benefits

    total $1,261,339 · program services $965,448 · management and general $282,332 · fundraising $13,559

  • 10 · Payroll taxes

    total $496,563 · program services $380,078 · management and general $111,148 · fundraising $5,337

  • 11e · Fees: professional fundraising services

    total $70,000 · fundraising $70,000

  • 11g · Fees: other

    total $115,458 · program services $84,305 · management and general $31,153

  • 12 · Advertising and promotion

    total $28,130 · management and general $16,864 · fundraising $11,266

  • 13 · Office expenses

    total $13,393 · program services $4,844 · management and general $5,852 · fundraising $2,697

  • 16 · Occupancy

    total $183,404 · program services $174,233 · management and general $9,171

  • 17 · Travel

    total $26,228 · program services $24,125 · management and general $2,103

  • 19 · Conferences, conventions and meetings

    total $80,382 · program services $69,351 · management and general $11,031

  • 20 · Interest

    total $8,997 · management and general $8,997

  • 22 · Depreciation, depletion and amortization

    total $628,005 · program services $600,671 · management and general $27,334

  • 23 · Insurance

    total $161,753 · program services $153,665 · management and general $8,088

  • 24a · Other expenses: STUDENT ACTIV. & SUPP.

    total $1,239,232 · program services $1,187,565 · management and general $25,363 · fundraising $26,304

  • 24b · Other expenses: BUILDING & GROUNDS

    total $336,071 · program services $312,956 · management and general $23,115 · fundraising $0

  • 24c · Other expenses: TELEPHONE, PAGING, MISC

    total $177,240 · program services $157,531 · management and general $12,611 · fundraising $7,098

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,011,193 · end of year $720,163

  • 2 · Savings and temporary cash investments

    beginning of year $5,226,017 · end of year $5,638,089

  • 3 · Pledges and grants receivable

    beginning of year $6,290 · end of year $546,368

  • 4 · Accounts receivable

    beginning of year $82,594 · end of year $77,814

  • 9 · Prepaid expenses and deferred charges

    beginning of year $85,354 · end of year $86,938

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

    $15,470,698

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

    $7,965,904

  • 10c · Land, buildings and equipment, net

    beginning of year $7,083,319 · end of year $7,504,794

  • 12 · Investments: other securities

    beginning of year $1,369,843 · end of year $1,509,633

  • 15 · Other assets

    beginning of year $599,413 · end of year $526,607

  • 17 · Accounts payable and accrued expenses

    beginning of year $786,066 · end of year $877,453

  • 19 · Deferred revenue

    beginning of year $655,407 · end of year $751,173

  • 23 · Secured mortgages and notes payable

    beginning of year $105,999 · end of year $63,376

  • 25 · Other liabilities

    beginning of year $182,043 · end of year $114,990

  • 27 · Net assets without donor restrictions

    beginning of year $12,766,014 · end of year $13,114,751

  • 28 · Net assets with donor restrictions

    beginning of year $968,494 · end of year $1,688,663

Mission and programs · 2024

Mission

PROVIDE AN ACCELERATED AND ENRICHED COLLEGE-PREPARATORY EDUCATION FOR STUDENTS IN GRADES K-12. PROVIDE PRE-K EDUCATIONAL SERVICE FOR 3 AND 4 YEAR-OLD CHILDREN.

Activities or mission (Part I)

EDUCATIONAL

  • PROVIDED AN ACCELERATED AND ENRICHED COLLEGE-PREPARATORY EDUCATION FOR APPROXIMATELY 416 STUDENTS OF ABOVE AVERAGE ACADEMIC ABILITY AND MOTIVATION IN GRADES K-12. PROVIDE PRE-K EDUCATIONAL SERVICE TO APPROXIMATELY 69 THREE AND FOUR YEAR-OLD CHILDREN.

    Expenses $10,467,036 · Grants $691,954 · Revenue $12,038,693

As filed on the 2024 return.

Listed in Part VII

  • CAROLYN BROWN LANGENKAMP

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LAUREN CIMINELLO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • AMER KAISSI PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANNIE KIZILBASH MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRANDI MILMO MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SAKSHI MALHOTRA MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROSE PARHAM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GEORGE PEDRAZA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RYAN REED

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • COURTNEY ROBERTS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GURPAUL SINGH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TRACEY SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • IAN THOMPSON II

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ZINA WORMLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TRIANNA JOHNSON

    PTO REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1

  • RAMON FLORES

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • VICTORIA SHUM

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ANTHONY HUERTA

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM B HANDMAKER

    HEAD OF SCHOOL

    Total calculated
    $369,971
    From this org
    $341,385
    From related orgs
    $0
    Other
    $28,586
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $306,185
    Bonus
    $35,200
    Other
    $0
    Deferred
    $20,603
    Nontaxable benefits
    $7,983
    Filer's total
    $369,971

  • MICHAEL FLYNN

    CFO

    Total calculated
    $165,170
    From this org
    $155,446
    From related orgs
    $0
    Other
    $9,724
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $155,246
    Bonus
    $200
    Other
    $0
    Deferred
    $9,724
    Nontaxable benefits
    $0
    Filer's total
    $165,170

  • MALLORY MEYER

    HEAD OF LOWER/MIDDLE SCHOOL

    Total calculated
    $142,570
    From this org
    $127,504
    From related orgs
    $0
    Other
    $15,066
    Hours/week
    40

  • DENA VALDEZ

    HEAD OF PRESCHOOL

    Total calculated
    $117,563
    From this org
    $109,459
    From related orgs
    $0
    Other
    $8,104
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
15 April 2026
IRS schema version
2024v5.5
Source object
202641059349300139

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.