Keystone School
- Assets
- $14.7m
- Revenue
- $12.0m
- Investments
- $1.2m
- Employees
- 146
- Location
- San Antonio, TX
- Founding
- 05/1955
- Data as of
- 05/2022
- EIN
- 74-1193337
Organization Overview
Keystone School is located in San Antonio, TX. The organization was established in 1955. As of 05/2022, Keystone School employed 146 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keystone School 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 05/2022, Keystone School generated $12.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $10.8m during the year ending 05/2022. While expenses have increased by 2.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED AN ACCELERATED AND ENRICHED COLLEGE-PREPARATORY EDUCATION FOR APPROXIMATELY 442 STUDENTS OF ABOVE AVERAGE ACADEMIC ABILITY AND MOTIVATION IN GRADES K-12. PROVIDE PRE-K EDUCATIONAL SERVICE TO APPROXIMATELY 66 THREE AND FOUR YEAR-OLD CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William B Handmaker Head Of School | Officer | 40 | $278,082 |
Michael Flynn CFO | Officer | 40 | $151,423 |
Wasif Latif Chairman | OfficerTrustee | 1 | $0 |
Jay Srikanth Vice-President | OfficerTrustee | 1 | $0 |
Amy Zesch Treasurer | OfficerTrustee | 1 | $0 |
Harold Zuflacht Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $447,732 |
| All other contributions, gifts, grants, and similar amounts not included above | $473,360 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $921,092 |
| Total Program Service Revenue | $10,984,232 |
| Investment income | $19,297 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $56,339 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,009,318 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $620,132 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $424,661 |
| Compensation of current officers, directors, key employees. | $91,343 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,446,333 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,383,324 |
| Payroll taxes | $467,690 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,920 |
| Advertising and promotion | $19,811 |
| Office expenses | $91,840 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $132,382 |
| Travel | $19,778 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,133 |
| Interest | $9,448 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $495,937 |
| Insurance | $103,200 |
| All other expenses | $16,990 |
| Total functional expenses | $10,793,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,284,554 |
| Savings and temporary cash investments | $4,363,828 |
| Pledges and grants receivable | $14,675 |
| Accounts receivable, net | $282,293 |
| 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 | $24,781 |
| Net Land, buildings, and equipment | $7,123,331 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,187,096 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $447,732 |
| Total assets | $14,728,290 |
| Accounts payable and accrued expenses | $721,051 |
| Grants payable | $0 |
| Deferred revenue | $890,986 |
| 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 | $189,078 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,997 |
| Total liabilities | $1,814,112 |
| Net assets without donor restrictions | $11,961,797 |
| Net assets with donor restrictions | $952,381 |
| 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 | $14,728,290 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Keystone School has recieved totaling $12,958.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $9,950 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,008 |
Louis J & Millie Matcek Kocurek Charitable Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $1,000 |
Fidelity Foundation Boston, MA PURPOSE: MATCHING GIFTS TO EDUCATION | $1,000 |
Endowment Analysis
| Beg. Balance | $921,658 |
| Earnings | $39,119 |
| Admin Expense | $8,396 |
| Net Contributions | $30,723 |
| Ending Balance | $983,104 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid-America Nazarene University Olathe, KS | $55,334,319 | $63,656,687 |
Utah Charter Academies Draper, UT | $87,193,817 | $47,458,045 |
The Awty International School Houston, TX | $207,829,354 | $57,840,310 |
Greenhill School Addison, TX | $147,490,301 | $53,613,950 |
The Baylor School Chattanooga, TN | $270,105,763 | $47,683,171 |
Lubbock Christian University Lubbock, TX | $106,659,922 | $54,957,813 |
Mcmurry University Abilene, TX | $155,891,753 | $53,294,386 |
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
Friends University Wichita, KS | $113,219,146 | $51,050,337 |
Milligan University Milligan, TN | $122,087,054 | $57,184,968 |
Colorado School Of Mines Foundation Golden, CO | $425,843,908 | $49,131,943 |
Strive Preparatory Schools Denver, CO | $16,366,153 | $54,741,372 |