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Nonprofiteer
← KEYS 2 SUCCESS INC

Form 990 for tax year 2023

Filed by KEYS 2 SUCCESS INC.

Totals

Total revenue
$342,140
Total expenses
$320,050
Contributions and grants received
$338,438
Grants paid
$0
Program service revenue
$0
Investment income
$2,899
Other revenue
$803
Total assets, end of year
$218,024
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$218,024
Program services expenses (Part IX)
$242,826
Management and general expenses
$44,934
Fundraising expenses
$32,290
Program service expenses (Part III)
$242,826

Program services were 75.9% 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

    $338,438

  • 3 · Investment income

    total $2,899 · excluded $2,899

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $803 · excluded $803

  • 11e · Other revenue, total

    $803

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $20,000 · program services $6,800 · management and general $6,600 · fundraising $6,600

  • 7 · Other salaries and wages

    total $201,260 · program services $175,252 · management and general $10,264 · fundraising $15,744

  • 10 · Payroll taxes

    total $21,754 · program services $17,899 · management and general $1,658 · fundraising $2,197

  • 11c · Fees: accounting

    total $7,700 · management and general $7,700

  • 11g · Fees: other

    total $1,981 · program services $1,200 · management and general $781

  • 12 · Advertising and promotion

    total $7,136 · fundraising $7,136

  • 13 · Office expenses

    total $5,012 · management and general $4,418 · fundraising $594

  • 16 · Occupancy

    total $9,706 · program services $9,706

  • 22 · Depreciation, depletion and amortization

    total $5,883 · program services $5,883

  • 23 · Insurance

    total $10,627 · program services $1,654 · management and general $8,973

  • 24a · Other expenses: TRAVEL

    total $17,847 · program services $17,847

  • 24b · Other expenses: CLASSROOM SUPPLIES

    total $4,194 · program services $4,194

  • 24c · Other expenses: BOARD TRAINING

    total $3,645 · management and general $3,645

  • 24d · Other expenses: ONLINE SERVICES

    total $2,062 · program services $1,148 · management and general $895 · fundraising $19

  • 24e · All other expenses

    total $1,243 · program services $1,243

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $142,364 · end of year $135,336

  • 2 · Savings and temporary cash investments

    end of year $35,000

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

    $58,467

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

    $10,779

  • 10c · Land, buildings and equipment, net

    beginning of year $45,413 · end of year $47,688

  • 27 · Net assets without donor restrictions

    beginning of year $159,312 · end of year $183,024

  • 28 · Net assets with donor restrictions

    beginning of year $28,465 · end of year $35,000

Mission and programs · 2023

Mission

KEYS 2 SUCCESS BRINGS QUALITY MUSIC EDUCATION TO STUDENTS STARTING IN PRE-K IN THE MOST UNDERSERVED AREAS OF NEWARK. OUR FREE, DAILY PIANO LESSONS ARE DELIVERED IN A GROUP SETTING IN THE STUDENTS' OWN ENVIRONMENT, WHERE TEACHERS AND VOLUNTEERS WORK TO REMOVE BARRIERS AND SUPPORT STUDENTS AS THEY DEVELOP INTO FUTURE LEADERS

  • KEYS 2 SUCCESS BRINGS QUALITY MUSIC EDUCATION TO STUDENTS STARTING IN PRE-K IN THE MOST UNDERSERVED AREAS OF NEWARK. OUR FREE, DAILY PIANO LESSONS ARE DELIVERED IN A GROUP SETTING IN THE STUDENTS' OWN ENVIRONMENT, WHERE TEACHERS AND VOLUNTEERS WORK TO REMOVE BARRIERS AND SUPPORT STUDENTS AS THEY DEVELOP INTO FUTURE LEADERS

    Expenses $242,826

As filed on the 2023 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

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5
  • Renee Frank

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Marcia Heard

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.5
  • Phil Bingham

    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

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
30 January 2025
IRS schema version
2023v6.0
Source object
202520359349300237

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