Keshet
Nonprofit profile at a glance
- EIN
- 363441392
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Northbrook, IL, USA
- Phone
- 8472051234
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $14,629,971
- Expenses
- $13,817,485
- Assets
- $30,138,966
- Liabilities
- $4,777,845
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- JENNIFER PHILLIPS (CEO/PRESIDENT)
Highest reported compensation
- JENNIFER PHILLIPS (CEO/PRESIDENT): $281,212 total reported compensation
- BISHAL MASKEY (CFO): $208,197 total reported compensation
- JAMIE LAKE (CHIEF COMMUNICATIONS OFFICER): $160,520 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Keshet is one of a few organizations in the u.s. Where kids with disabilities can begin programs at the age of three and continue throughout adulthood. Keshet ensures that people with disabilities have the opportunity to experience the activities that define growth and development-graduating from kindergarten, playing on a sports team, finding a job, getting a first apartment and more. Keshet provides these opportunities in inclusive, community settings.
What it reported doing in 2024
Keshet manages three schools and three extended school year programs from preschool through transition. Using a curriculum that focuses on academics and daily living skills, keshet prepares students to lead independent lives. Educators and therapists work hand-in-hand to provide highly individualized instruction and therapies to meet the unique needs of each student. Keshet's schools do not have specific criteria for acceptance, which results in serving students with complex needs, who often have very limited school options.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 65
- Transparency & Controls: 87
- Accountability: 95
- Sustainability: 57
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.4%; rating input score 70
- Program expense ratio: 72.9%; rating input score 73
- Fundraising efficiency: $3.85 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 5.6%; rating input score 55; 55th percentile among comparable filings
- Total-asset coverage ratio: 2.18; rating input score 65; 65th percentile among comparable filings
- Liabilities to assets ratio: 0.16; rating input score 64; 64th percentile among comparable filings
- Officer compensation ratio: 6.8%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: 6.5% per year; rating input score 100; 53rd percentile among comparable filings
- Revenue growth: 9.4% per year; rating input score 100; 72nd percentile among comparable filings
- Asset growth: 9.4% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 70.4% of revenue deployed · 72.9% of spending went to programs
- Governance: 15 of 15 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $10.1M in reported program spending
- Leadership: top reported pay $281K · 21 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $825K reported
- Consistency: 37 of 38 current checks pass · 1 finding to review
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 15/100.
- Review — Sustainability: Operating margin scored 55/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.