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Nonprofiteer
← KEY CHANGE INC

Form 990 for tax year 2022

Filed by KEY CHANGE INC.

Totals

Total revenue
$45,978,927
Total expenses
$125,635,580
Contributions and grants received
$21,305,565
Grants paid
$111,215,000
Program service revenue
$0
Investment income
$25,519,200
Other revenue
-$845,838
Total assets, end of year
$1,191,152,556
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,191,152,556
Program services expenses (Part IX)
$111,215,000
Management and general expenses
$14,420,580
Fundraising expenses
$0
Program service expenses (Part III)
$111,215,000

Program services were 88.5% 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

    $21,305,565

  • 3 · Investment income

    total $12,160,004 · excluded $12,160,004

  • 6b · Less rental expenses

    real property $339,115

  • 6c · Rental income or loss

    real property -$339,115

  • 6d · Net rental income or loss

    total -$339,115 · excluded -$339,115

  • 7a · Gross sales of assets other than inventory

    securities $13,359,196

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $13,359,196

  • 7d · Net gain or loss

    total $13,359,196 · unrelated business $158,622 · excluded $13,200,574

  • 11a · Other revenue: K-1 INCOME

    total -$506,723 · unrelated business -$506,723

  • 11e · Other revenue, total

    -$506,723

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $111,215,000 · program services $111,215,000

  • 11b · Fees: legal

    total $14,688 · management and general $14,688

  • 11c · Fees: accounting

    total $2,966 · management and general $2,966

  • 24a · Other expenses: K-1 EXPENSES

    total $9,622,968 · management and general $9,622,968

  • 24b · Other expenses: UBI TAXES

    total $4,779,958 · management and general $4,779,958

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $98,595,578 · end of year $60,747,575

  • 12 · Investments: other securities

    beginning of year $1,179,486,886 · end of year $1,130,404,981

  • 27 · Net assets without donor restrictions

    beginning of year $1,278,082,464 · end of year $1,191,152,556

Mission and programs · 2022

Mission

TO PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF THE COMMUNITY.

Activities or mission (Part I)

SUPPORTING PRINCIPLED BASED ORGANIZATIONS THAT EMPOWER PEOPLE TO REALIZE THEIR POTENTIAL

  • SUPPORTING PRINCIPLED BASED ORGANIZATIONS THAT EMPOWER PEOPLE TO REALIZE THEIR POTENTIAL

    Expenses $111,215,000 · Grants $111,215,000

As filed on the 2022 return.

Listed in Part VII

  • C CHASE KOCH

    DIRECTOR/PRES./SEC./TREAS.

    Total calculated
    $0
    Hours/week
    1 + 6.4 related

  • ELAINE M KOHLER

    ASST. TREAS.

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • STVL3 LLC

    N/A · INVESTMENTS · DE

    Directly controlled by STFEL

  • 1888 NPO FUND LLC

    EXCLUDED · INVESTMENTS · DE · 9.02% owned · share of income $13,372,178 · share of assets $280,343,645

    Directly controlled by CKF

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MBM CENTER INC

    C · CONSULTING · DE · controlled entity

    Directly controlled by STFEL

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313189349304176

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