Keystone Initiative For Network Based Education & Research
- Assets
- $86.5m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 12
- Location
- Lititz, PA
- Founding
- 01/2011
- Data as of
- 06/2020
- EIN
- 80-0446299
Organization Overview
Keystone Initiative For Network Based Education & Research is located in Lititz, PA. The organization was established in 2011. According to its NTEE Classification (W50) the organization is classified as: Telecommunications, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Keystone Initiative For Network Based Education & Research employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keystone Initiative For Network Based Education & Research 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 06/2020, Keystone Initiative For Network Based Education & Research generated $6.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $11.4m during the year ending 06/2020. While expenses have increased by 2.1% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
KINBER IS THE TRUSTED PARTNER THAT PROVIDES A STRATEGIC ADVANTAGE TO PENNSYLVANIA COMMUNITIES THROUGH COLLABORATION AND PARTNERSHIP TO ADVANCE SUSTAINABLE INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021-2022, KINBER COMPLETED IT'S TRANSACTION WITH FIRSTLIGHT FIBER, SELLING SUBSTANTIALLY ALL OF ITS ASSETS TO FIRSTLIGHT FIBER. THE TRANSACTION CLOSED IN MARCH 2022. KINBER CONTINUED TO SUPPORT LIBRARIES WITH THE CONTINUED DELIVERY OF THE LIBRARIES CONNECT COMMUNITIES PROGRAM SUPPORTED THROUGH THE PA DEPARTMENT OF EDUCATION, OFFICE OF COMMONWEALTH LIBRARIES. PRIOR TO THE CLOSING OF THE TRANSACTION WITH FIRSTLIGHT FIBER, KINBER EXPERIENCED AN INCREASE IN BOTH NEW CUSTOMER CONNECTIONS AND UPGRADED, OR ADDED ADDITIONAL SERVICES, INCREASING THEIR SPEED FROM 1 GBPS TO 100 GBPS, TO ADDING INTERNET2 CONNECTIVITY, OR ADDING KINBER'S MANAGED ROUTER OR DDOS SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Flood President And CEO | Officer | 40 | $222,562 |
Grant Dull Dir. Of Business Operations And Development | 40 | $142,584 | |
Ben Miller Dir. Of Engineering And Operations | 40 | $133,911 | |
Austin Gamble Dir. Of Community Engagement And Research | 40 | $100,753 | |
Christopher Sedore Board Chair | OfficerTrustee | 6 | $0 |
Param Bedi Vice Chair | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
M7 Agency Services | 6/29/22 | $114,500 |
Mcnees Wallace & Nurick Llc Services | 6/29/22 | $132,109 |
Trout Cpa Services | 6/29/22 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $331,970 |
| Investment income | $261 |
| 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 | $6,204,433 |
| Statement of Expenses | |
|---|---|
| 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. | $405,719 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $669,488 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $184,357 |
| Payroll taxes | $89,455 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $199,458 |
| Fees for services: Accounting | $11,039 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $285,740 |
| Advertising and promotion | $969 |
| Office expenses | $25,086 |
| Information technology | $27,251 |
| Royalties | $0 |
| Occupancy | $61,966 |
| Travel | $121,203 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $509 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,407,056 |
| Insurance | $117,543 |
| All other expenses | $0 |
| Total functional expenses | $11,401,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $834,384 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $360,398 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $410,292 |
| Total assets | $86,518,752 |
| Accounts payable and accrued expenses | $127,241 |
| Grants payable | $0 |
| Deferred revenue | $1,389,861 |
| 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 | $580,481 |
| Other liabilities | $0 |
| Total liabilities | $2,097,583 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $84,421,169 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hispanic Information & Telecommunications Network Inc Brooklyn, NY | $92,790,670 | $7,004,731 |
Keystone Initiative For Network Based Education & Research Lititz, PA | $86,518,752 | $6,204,433 |
Wabash Mutual Telephone Co Celina, OH | $16,675,060 | $7,819,409 |
Bascom Mutual Telephone Co Bascom, OH | $15,916,030 | $4,629,697 |
Spruce Knob Seneca Rocks Telephone Inc Riverton, WV | $9,084,789 | $3,420,037 |
Centralcast Llc Troy, NY | $8,328,344 | $3,739,153 |
Thermostat Recycling Corporation New York, NY | $2,265,895 | $2,889,740 |
Cable Co-Op Oberlin, OH | $1,941,667 | $2,843,130 |
Sherwood Mutual Telephone Association Inc Sherwood, OH | $15,105,947 | $2,980,166 |
Arthur Mutual Telephone Company Defiance, OH | $7,781,591 | $1,998,946 |
Ottoville Mutual Telephone Co Ottoville, OH | $9,758,919 | $1,798,119 |
Farmers Mutual Telephone Company Okolona, OH | $3,438,838 | $963,125 |