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Nonprofiteer
← KEYSTONE RESEARCH CENTER INC

Form 990 for tax year 2024

Filed by KEYSTONE RESEARCH CENTER INC.

Totals

Total revenue
$1,389,208
Total expenses
$1,502,723
Contributions and grants received
$1,020,051
Grants paid
$176,000
Program service revenue
$357,386
Investment income
$755
Other revenue
$11,016
Total assets, end of year
$850,771
Total liabilities, end of year
$442,486
Net assets or fund balances, end of year
$408,285
Program services expenses (Part IX)
$1,332,872
Management and general expenses
$165,546
Fundraising expenses
$4,305
Program service expenses (Part III)
$1,332,872

Program services were 88.7% 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

    $1,020,051

  • 1g · Noncash contributions included above

    $13,261

  • 2a · Program service revenue: Project Contract Revenue

    total $357,386 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $755 · unrelated business $0 · excluded $755

  • 11a · Other revenue: Miscellaneous

    total $1,778 · related or exempt $1,778 · unrelated business $0 · excluded $0

  • 11b · Other revenue: Management Fees

    total $9,238 · related or exempt $9,238 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $11,016

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $176,000 · program services $176,000

  • 5 · Compensation of officers, directors and key employees

    total $144,815 · program services $121,643 · management and general $22,534 · fundraising $638

  • 7 · Other salaries and wages

    total $530,694 · program services $445,784 · management and general $82,575 · fundraising $2,335

  • 8 · Pension plan contributions

    total $14,738 · program services $12,380 · management and general $2,293 · fundraising $65

  • 9 · Other employee benefits

    total $60,516 · program services $50,833 · management and general $9,417 · fundraising $266

  • 10 · Payroll taxes

    total $51,316 · program services $43,105 · management and general $7,985 · fundraising $226

  • 11c · Fees: accounting

    total $45,293 · program services $38,045 · management and general $7,047 · fundraising $201

  • 11g · Fees: other

    total $345,353 · program services $335,980 · management and general $9,370 · fundraising $3

  • 12 · Advertising and promotion

    total $18,306 · program services $15,377 · management and general $2,848 · fundraising $81

  • 13 · Office expenses

    total $15,958 · program services $13,404 · management and general $2,484 · fundraising $70

  • 16 · Occupancy

    total $18,509 · program services $15,548 · management and general $2,880 · fundraising $81

  • 17 · Travel

    total $23,065 · program services $19,375 · management and general $3,589 · fundraising $101

  • 19 · Conferences, conventions and meetings

    total $2,053 · program services $1,725 · management and general $319 · fundraising $9

  • 20 · Interest

    total $3,392 · program services $2,849 · management and general $528 · fundraising $15

  • 22 · Depreciation, depletion and amortization

    total $14,537 · program services $12,211 · management and general $2,262 · fundraising $64

  • 23 · Insurance

    total $1,635 · program services $1,373 · management and general $254 · fundraising $8

  • 24a · Other expenses: Dues and Subscriptions

    total $25,137 · program services $21,115 · management and general $3,911 · fundraising $111

  • 24b · Other expenses: Public Relations

    total $6,872 · program services $5,772 · management and general $1,069 · fundraising $31

  • 24c · Other expenses: Miscellaneous

    total $479 · program services $0 · management and general $479 · fundraising $0

  • 24d · Other expenses: Contribution

    total $353 · program services $353 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $3,702 · program services $0 · management and general $3,702 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $507,323 · end of year $371,974

  • 2 · Savings and temporary cash investments

    beginning of year $249,245 · end of year $192,493

  • 3 · Pledges and grants receivable

    beginning of year $126,197 · end of year $240,819

  • 4 · Accounts receivable

    beginning of year $10,567 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $69

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,383 · end of year $18,804

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

    $89,514

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

    $62,902

  • 10c · Land, buildings and equipment, net

    beginning of year $37,780 · end of year $26,612

  • 17 · Accounts payable and accrued expenses

    beginning of year $51,074 · end of year $174,371

  • 19 · Deferred revenue

    beginning of year $329,468 · end of year $242,667

  • 25 · Other liabilities

    beginning of year $38,153 · end of year $25,448

  • 27 · Net assets without donor restrictions

    beginning of year $241,582 · end of year $319,361

  • 28 · Net assets with donor restrictions

    beginning of year $280,218 · end of year $88,924

Mission and programs · 2024

Mission

As a research and policy development institute, the organization conducts original research, produces reports and promotes public dialog that addresses important economic and civic problems, and proposes new policies to help resolve those problems.

  • The organization operates through the collaborative efforts of Pennsylvania citizens drawn from academia, labor, religious and business organizations. It is dedicated to using research and collaboration to propose workable policy alternatives. The organization is a leading source of independent analysis of Pennsylvanias economy and public policy.

    Expenses $1,332,872 · Grants $176,000 · Revenue $357,386

As filed on the 2024 return.

Listed in Part VII

  • Bernard Gallagher

    Executive Director

    Total calculated
    $0
    Hours/week
    45

  • Dr Stephen Herzenberg

    Former Executive Director

    Total calculated
    $144,975
    From this org
    $136,134
    From related orgs
    $0
    Other
    $8,841
    Hours/week
    45

  • Ken Mash

    Board President

    Total calculated
    $0
    Hours/week
    2

  • Joan Duvall-Flynn

    Board Vice President

    Total calculated
    $0
    Hours/week
    2

  • Dan Mercer

    Board Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Mike Maguire

    Board Secretary

    Total calculated
    $0
    Hours/week
    2

  • Beverly A Cigler

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Ike Gittlen

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Rachel Tabachnick

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Bailey Childers

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Ryan Hancock

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Senghor Manns

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Lazar Palnick

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Tom Herman

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Monet Reilly

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Sarah Schalman-Bergen

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Rochelle Jackson

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Larry Pickins

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Jeff Ney

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Jeff Coyne

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Angela Ferritto

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Chris Hundley

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Maximus Weikel

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Chris Naylor

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

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

Provenance

Return type
form_990
Tax year
2024
Filed
10 July 2026
IRS schema version
2024v5.2
Source object
202601959349300115

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