The Keystone Project Inc
- Assets
- $6.7m
- Revenue
- $737.5k
- Investments
- $0.0
- Employees
- 12
- Location
- Keystone, SD
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 27-0563608
Organization Overview
The Keystone Project Inc is located in Keystone, SD. The organization was established in 2010. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Keystone Project Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keystone Project Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Keystone Project Inc generated $737.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $714.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
KEYSTONE PROJECT IS A GLOBAL NETWORK OF CHURCHES AND LEADERS COMMITTED TO ENCOURAGE AND FACILITATE THE LAUNCHING OF DISCIPLE-MAKING MOVEMENTS AROUND THE WORLD.
Describe the Organization's Program Activity:
TRAINING OF LEADERS TO DISCIPLE OTHERS TO EVANGELIZE AROUND THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Greene President | OfficerTrustee | 40 | $106,291 |
David Jones Secretary | OfficerTrustee | 2 | $0 |
Steve Zurcher Treasurer | OfficerTrustee | 2 | $0 |
William Wolff Vice President | OfficerTrustee | 2 | $0 |
Richard Stilha Director | Trustee | 2 | $0 |
Robert Colbenson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $120,310 |
| All other contributions, gifts, grants, and similar amounts not included above | $466,141 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $586,451 |
| Total Program Service Revenue | $0 |
| Investment income | $98,116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,750 |
| Net Rental Income | $42,123 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $737,505 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $109,481 |
| Compensation of current officers, directors, key employees. | $12,043 |
| Compensation to disqualified persons | $218,920 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,135 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,374 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,734 |
| Advertising and promotion | $4,328 |
| Office expenses | $29,169 |
| Information technology | $6,635 |
| Royalties | $0 |
| Occupancy | $53,636 |
| Travel | $10,474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,767 |
| Insurance | $15,213 |
| All other expenses | $0 |
| Total functional expenses | $714,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,659 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $22,800 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,250 |
| Net Land, buildings, and equipment | $6,545,455 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,738,164 |
| Accounts payable and accrued expenses | $4,818 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,721 |
| Total liabilities | $13,539 |
| Net assets without donor restrictions | $6,664,016 |
| Net assets with donor restrictions | $60,609 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,738,164 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Keystone Project Inc has recieved totaling $22,237.
| Awarding Organization | Amount |
|---|---|
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $12,500 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $9,420 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $317 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Home And Away Ministries North Branch, MN | $25,723,249 | $42,419,971 |
Loaves And Fishes Too Minneapolis, MN | $3,481,660 | $16,298,899 |
Pulse Outreach Minneapolis, MN | $16,852,358 | $21,090,149 |
Desiring God Ministries Minneapolis, MN | $8,654,171 | $9,657,693 |
St Vincent Healthcare Foundation Billings, MT | $88,857,513 | $8,266,509 |
C I O S Wilson, WY | $98,349,403 | $2,570,504 |
Praying Pelican Missions Minneapolis, MN | $539,673 | $5,474,608 |
Youth With A Mission Of Montana A Corporation Lakeside, MT | $4,211,244 | $6,186,840 |
Venture Burnsville, MN | $4,889,777 | $6,516,603 |
Evangelical Lutheran Good Samaritan Foundation Sioux Falls, SD | $102,471,128 | $9,259,464 |
The Lynn And Foster Friess Family Foundation Jackson, WY | $122,372,858 | $36,186,755 |
Christian Worship Hour Aberdeen, SD | $3,374,479 | $4,060,903 |