The Key To Change
- Assets
- $329.8k
- Revenue
- $527.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Seattle, WA
- Founding
- 02/2016
- Data as of
- 06/2023
- EIN
- 47-4809104
Organization Overview
The Key To Change is located in Seattle, WA. The organization was established in 2016. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Key To Change employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Key To Change 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 06/2023, Key To Change generated $527.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $520.6k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE UNDERSERVED YOUTH THROUGH WORLD CLASS MUSIC INSTRUCTION AND TO SUPPORT THEIR DEVELOPMENT AS SELF-AWARE LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORNERSTONE OF OUR PROGRAM ARE WEEKLY VIOLIN AND VIOLA LESSONS FOR MIDDLE AND HIGH SCHOOL STUDENTS. OUR LESSONS TAKE PLACE AFTER SCHOOL, PROVIDING A SAFE AND STRUCTURED ENVIRONMENT FOR STUDENTS WITH WORKING PARENTS. WE OFFER OUR LESSONS AT BELOW MARKET RATE, MAKING THEM AVAILABLE TO A MORE DIVERSE RANGE OF STUDENTS. ADDITIONALLY, WE HOST AN ANNUAL SOLO STRING FESTIVAL, NUMEROUS GUEST ARTIST MASTER CLASSES, AN ACADEMIC LECTURE SERIES WITH GUEST PROFESSORS AND PROFESSIONALS AND COMMUNITY OUTREACH PERFORMANCES. ALL OF THESE EVENTS ARE NOT ONLY FOR OUR RESIDENT STUDENTS, BUT THEY ARE AVAILABLE FREE OF CHARGE FOR OTHER STUDENTS IN THE COMMUNITY TO ATTEND. WE ALSO PROVIDE SUPPORT FOR OUR ALUMNI, WHO REMAIN ACTIVE IN OUR PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Quinton I Morris Executive Di | OfficerTrustee | 20 | $141,666 |
Brenda Barnes Secretary | OfficerTrustee | 2 | $0 |
Leah Bradford Board Member | Trustee | 1 | $0 |
Calandra Childers Boad Member | Trustee | 1 | $0 |
Alex Diaz Vice Preside | OfficerTrustee | 2 | $0 |
Susan Leland President\tr | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $422,962 |
| Noncash contributions included in lines 1a–1f | $53,503 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $422,962 |
| Total Program Service Revenue | $73,448 |
| Investment income | $858 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $526,952 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $80,055 |
| Other salaries and wages | $210,077 |
| Pension plan accruals and contributions | $546 |
| Other employee benefits | $754 |
| Payroll taxes | $19,746 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $896 |
| Fees for services: Accounting | $18,592 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $168 |
| Fees for services: Other | $51,795 |
| Advertising and promotion | $15,694 |
| Office expenses | $3,147 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,476 |
| Travel | $66 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $295 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,315 |
| Insurance | $4,288 |
| All other expenses | $23,576 |
| Total functional expenses | $520,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,167 |
| Savings and temporary cash investments | $38,251 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $13,163 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $82,640 |
| Investments—publicly traded securities | $41,478 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,108 |
| Total assets | $329,807 |
| Accounts payable and accrued expenses | $26,092 |
| 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 | $44,159 |
| Total liabilities | $70,251 |
| Net assets without donor restrictions | $253,206 |
| Net assets with donor restrictions | $6,350 |
| 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 | $329,807 |