Key Assets Foundation Inc

Nonprofit profile at a glance

EIN
463541566
IRS 990-EZ coverage
2014–2018
Forms available
Form 990-EZ 2018, Form 990-N 2013
Location
Lexington, KY, USA
Phone
8592265022
Rating
35
Verdict
REVIEW
Rating confidence
Moderate
Sector
Youth Community Service Clubs

Reported finances

Revenue
$3,616
Expenses
$5,541
Assets
$19,418
Liabilities
$113,932

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • JENNIFER HALL (PRESIDENT)

People named in this filing

  • BART BALDWIN (DIRECTOR)
  • PETER BROWN (DIRECTOR)
  • JOY KELLEHER (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Key assets foundation is actively involved in both the service of children in out-of-home care and the evidencing of those outcomes. Effectiveness of foster care and the provision of supports along the continuum of care become the primary functions of this organization. Key assets will engage in research and service to promote more effective and efficient care. This development and evidencing of these outcomes will not be limited to internal research and evaluation, but may be extended to larger cohorts of children and youth as well as programming provided by any agency interested in this model of 1) service provision 2) evaluation 3) revision 4) replication. Key assets will advocate for models that maintain children in their communities of origin or as close as safely possible. Key assets will utilize its research to assist agencies and government in putting together evidence based models for children in foster care.

What it reported doing in 2018

The organization created a program called opportunities to participate and transform (opt). Through opt key services will invite the people with post traumatic or developmental/intellectual disabilities with a variety of interpersonal or behavioral issues to be introduced into a valuable role in their community by attending integrated work readiness training with community partners to include employers and community colleges. The goal in this partnership is to increase the individual's ability to be included in community life as a student and potentially accepted as a future student or employee and to develop employment related skills and opportunities to facilitate employment.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 35
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -53.2%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 3.5; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 5.87; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -12.1% per year; rating input score 0; 26th percentile among comparable filings
  • Revenue growth: -18.6% per year; rating input score 0; 16th percentile among comparable filings
  • Asset growth: -25.3% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2014 to 2018
  • Contacts: How to reach this organization
  • 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: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Sustainability: Operating margin scored 11/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.