Keshet Inc
Nonprofit profile at a glance
- EIN
- 481278664
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Newton, MA, USA
- Phone
- 6175249227
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Lesbian, Gay Rights
- Affiliation
- Judaism
Reported finances
- Revenue
- $4,508,381
- Expenses
- $6,007,732
- Assets
- $7,589,388
- Liabilities
- $741,418
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
32 people listed
Executive titles in this filing
- IDIT KLEIN (PRESIDENT & CEO)
- SUZANNE FEINSPAN (DEPUTY CEO)
Highest reported compensation
- IDIT KLEIN (PRESIDENT & CEO): $289,856 total reported compensation
- SUZANNE FEINSPAN (DEPUTY CEO): $204,846 total reported compensation
- LEONARD GOLDSTEIN (CHIEF FINANCIAL OFFICER): $188,805 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 works for the full equality of all lgbtq jews and our families in jewish life. We strengthen jewish communities. We equip jewish organizations with the skills and knowledge to build lgbtq affirming communities; create spaces in which all queer jewish youth feel seen and valued; and advance lgbtq rights nationwide.
What it reported doing in 2024
Lgbtq equality: keshet is leading the jewish community to stand up for lgbtq rights. We call on the jewish community to fight for lgbtq justice and take action collectively to advance real breakthroughs. We mobilize rabbis, community leaders and members, synagogues, youth movements, and jewish advocacy organizations to affirm, on the bimah and in the streets, that fighting for lgbtq equality is a jewish imperative.
Operating model
- Revenue model
- Donor-supported. 96% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 74
- Accountability: 93
- Sustainability: 23
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 79.8%; rating input score 80
- Fundraising efficiency: $6.48 raised per $1 spent on fundraising; rating input score 24; 24th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 95.8%; rating input score 96; 26th 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: -33.3%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 1.26; rating input score 45; 45th percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 59; 59th percentile among comparable filings
- Officer compensation ratio: 25.5%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: 12.8% per year; rating input score 100; 73rd percentile among comparable filings
- Revenue growth: 11.6% per year; rating input score 100; 74th percentile among comparable filings
- Asset growth: 20.4% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 79.8% of spending went to programs
- Governance: 23 of 24 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $4.8M in reported program spending
- Leadership: top reported pay $290K · 32 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $161K reported
- Consistency: 32 of 32 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 12 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 9 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 24/100.
- High — Sustainability: Operating margin scored 4/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
- High — Sustainability: Officer compensation ratio scored 8/100.
- Review — Sustainability: Liabilities to assets ratio scored 59/100.