Keys2work Inc

Nonprofit profile at a glance

EIN
850832235
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Indianapolis, IN, USA
Phone
3175321367
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Rehabilitation Services for Offenders

Reported finances

Revenue
$6,391,383
Expenses
$6,173,147
Assets
$2,640,215
Liabilities
$1,433,487

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • JANNETT KEESLING (PRESIDENT, BOARD MEMBER)

Highest reported compensation

  • JANNETT KEESLING (PRESIDENT, BOARD MEMBER): $154,691 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The corporation is organzied exclusively to promote the charitable purposes and goals of workforce, inc. That mission is to promote, organize, participate in, develop, sponsor, and/or operate various programs focused on workforce development and placement as an economic development strategy, to educate and train ex-offenders in the skilled labor trade of electronics recycling, to invest in this workforce as a means to reducing the skilled labor shortage, and to reduce criminal recidivism rates in Indiana.

What it reported doing in 2024

Keys2work, inc. Is a type i supporting organization of workforce, inc., organized, operated, and controlled by workforce, inc. Exclusively to further workforce, inc.'s exempt purposes. Keys2work exists to support and extend the workforce development and reentry activities of workforce, inc. D/b/a recycleforce.keys2work operates as a nonprofit alternative staffing employment social enterprise and functions as the next stage in recycleforce's employment continuum. Keys2work employs individuals who are current or former participants in recycleforce's employment social enterprise and places them into temporary-to-permanent or direct-hire positions with employer partners. These placements build upon the training, credentials, and work readiness participants developed during their initial transitional employment at recycleforce.keys2work's activities are fully integrated with recycleforce's abc model: any job - better job - career, a trademarked workforce development framework designed to reduce recidivism and promote long-term economic mobility. Under this model, recycleforce provides immediate paid employment ("any job"), while keys2work facilitates advancement into higher-wage and permanent employment ("better job and "career"). The abc model is recognized nationally as a notable practice.public benefit and outcomes - through its alternative staffing and placement activities, keys2work supports recycleforce's crime prevention and workforce development strategy by increasing earned income, employment stability, and career advancement for returning citizens. In coordination with recycleforce, the model contributes to reduced recidivism (17% for individuals served in fy 2023, compared to state and national rates), increased tax revenue, higher child support compliance, reduced incarceration and public assistance costs, and improved employer access to reliable labor.service approach - keys2work supports a participant-centered employment model that includes:1)earned wages: living-wage employment, beginning at $15.00 per hour.2)flexible scheduling: work schedules that accommodate education, training, and criminal justice obligations.3)employment continuity: flexible temporary assignments while participants complete training and credentialing initiated at recycleforce, followed by placement into permanent employment.4)leadership development: opportunities for experienced participants to serve as peer mentors and team leaders.funding - keys2work is funded through grants and earned revenue generated from its nonprofit alternative staffing services.footnote - recycleforce, inc. Transitional jobs program (abc model), recognized as a notable practice by blueprints for healthy youth development.https://www.blueprintsprograms.org/programs/1639999999/transitional-jobs-program-recycleforce/

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 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.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 65
  • Accountability: 90
  • Sustainability: 28
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.2%; rating input score 87
  • Program expense ratio: 90.3%; rating input score 90
  • Fundraising efficiency: $32.29 raised per $1 spent on fundraising; rating input score 71; 71st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.4%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 0.43; rating input score 14; 14th percentile among comparable filings
  • Liabilities to assets ratio: 0.54; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 62% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 52.3% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 50.7% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 87.2% of revenue deployed · 90.3% of spending went to programs
  • Governance: 7 of 7 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $5.6M in reported program spending
  • Leadership: top reported pay $155K · 7 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Moderate — Sustainability: Operating margin scored 46/100.
  • High — Sustainability: Total-asset coverage ratio scored 14/100.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.