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Nonprofiteer
← KEYS 2 SUCCESS INC

Form 990 for tax year 2022

Filed by KEYS 2 SUCCESS INC.

Totals

Total revenue
$293,983
Total expenses
$200,306
Contributions and grants received
$293,983
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$187,777
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$187,777
Program services expenses (Part IX)
$156,022
Management and general expenses
$32,580
Fundraising expenses
$11,704
Program service expenses (Part III)
$156,022

Program services were 77.9% 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

    $293,983

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $20,000 · program services $4,800 · management and general $11,000 · fundraising $4,200

  • 7 · Other salaries and wages

    total $108,170 · program services $102,011 · management and general $6,159

  • 10 · Payroll taxes

    total $12,724 · program services $10,604 · management and general $1,703 · fundraising $417

  • 11c · Fees: accounting

    total $2,875 · management and general $2,875

  • 11g · Fees: other

    total $1,380 · program services $1,200 · management and general $180

  • 12 · Advertising and promotion

    total $5,140 · fundraising $5,140

  • 13 · Office expenses

    total $4,688 · management and general $3,959 · fundraising $729

  • 16 · Occupancy

    total $6,960 · program services $6,960

  • 22 · Depreciation, depletion and amortization

    total $10,304 · program services $10,304

  • 23 · Insurance

    total $4,839 · program services $1,654 · management and general $3,185

  • 24a · Other expenses: TRAVEL

    total $8,336 · program services $8,336

  • 24b · Other expenses: CLASSROOM SUPPLIES

    total $5,215 · program services $5,215

  • 24c · Other expenses: INSTRUMENTS

    total $4,334 · program services $4,334

  • 24d · Other expenses: ONLINE SERVICES

    total $3,581 · program services $604 · management and general $1,759 · fundraising $1,218

  • 24e · All other expenses

    total $1,760 · management and general $1,760

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $86,850 · end of year $142,364

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

    $58,467

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

    $13,054

  • 10c · Land, buildings and equipment, net

    beginning of year $7,250 · end of year $45,413

  • 27 · Net assets without donor restrictions

    beginning of year $94,100 · end of year $159,312

  • 28 · Net assets with donor restrictions

    end of year $28,465

Mission and programs · 2022

Mission

KEYS 2 SUCCESS SEEKS TO ENRICH THE LIVES DISADVANTAGED CHILDREN IN NEWARK, NJ THROUGH MUSIC EDUCATION. LONG-TERM, ITS SEEKS TO IMPROVE INDIVIDUAL LIVES AND THE COMMUNITIES IN WHICH THOSE LIVES ARE LIVED. THE MEANS TO THAT END WILL BE INTENSE, INDIVIDUALIZED TRAINING IN THE PIANO, COUPLED WITH PERCUSSION WORK TO STRENGTHEN RHYTHMIC SKILL AND ENSEMBLE WORK TO ENHANCE COLLABORATIVE ABILITY AND PEER LEARNING SKILLS.

  • TO USE MUSIC EDUCATION AS A MEANS TO PERSONAL BETTERMENT FOR DISADVANTAGED CHILDREN IN NEWARK, NJ.

    Expenses $156,022

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Onieka Sutton

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Lydia Alvarez

    SECY

    Total calculated
    $0
    Hours/week
    0.5
  • Renee Frank

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Marcia Heard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jee-Hoon Yap Krska

    EXEC DIRECTO

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $20,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $20,000

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

None.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
7 September 2023
IRS schema version
2022v5.0
Source object
202400169349304055

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