Keys 2 Success Inc
- Assets
- $94.1k
- Revenue
- $203.6k
- Investments
- $0.0
- Employees
- 14
- Location
- New Providence, NJ
- Founding
- 08/2017
- Data as of
- 06/2022
- EIN
- 81-4533133
Organization Overview
Keys 2 Success Inc is located in New Providence, NJ. The organization was established in 2017. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2022, Keys 2 Success Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keys 2 Success 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 06/2022, Keys 2 Success Inc generated $203.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 40.7% each year . All expenses for the organization totaled $201.9k during the year ending 06/2022. While expenses have increased by 38.6% per year over the past 5 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
KEYS 2 SUCCESS SEEKS TO ENRICH THE LIVES DISADVANTAGED CHILDREN IN NEWARK, NJ THROUGH MUSIC EDUCATION. LONG-TERM, ITS SEEKS TO IMPROVE INDIVIDUAL LIVES AND THE COMMUNITIES IN WHICH THOSE LIVES ARE LIVED. THE MEANS TO THAT END WILL BE INTENSE, INDIVIDUALIZED TRAINING IN THE PIANO, COUPLED WITH PERCUSSION WORK TO STRENGTHEN RHYTHMIC SKILL AND ENSEMBLE WORK TO ENHANCE COLLABORATIVE ABILITY AND PEER LEARNING SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO USE MUSIC EDUCATION AS A MEANS TO PERSONAL BETTERMENT FOR DISADVANTAGED CHILDREN IN NEWARK, NJ.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jee-Hoon Yap Krska Exec Directo | 60 | $20,000 | |
Belinda Larkins VP | OfficerTrustee | 0.5 | $0 |
Alison Russo Treasurer | OfficerTrustee | 3 | $0 |
Lydia Alvarez Secy | OfficerTrustee | 0.5 | $0 |
Onieka Sutton President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,012 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $202,524 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $203,536 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $94 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $203,630 |
| 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 | $20,000 |
| Other salaries and wages | $132,575 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,354 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $612 |
| Advertising and promotion | $2,046 |
| Office expenses | $4,619 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,745 |
| Travel | $0 |
| 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 | $500 |
| Insurance | $5,666 |
| All other expenses | $399 |
| Total functional expenses | $201,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,850 |
| 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 | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,250 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $94,100 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $94,100 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $94,100 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Keys 2 Success Inc has recieved totaling $70,319.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $48,123 |
Julius & Katheryn Hommer Foundation Las Vegas, NV PURPOSE: GENERAL OPERATING | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,196 |
John A And Margaret Post Foundation Inc Mt Bethel, PA PURPOSE: CHARITABLE | $5,000 |
Pseg Foundation Inc Newark, NJ PURPOSE: CIVIC AND COMMUNITY | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bronxworks Inc Bronx, NY | $54,602,777 | $94,783,683 |
Sheltering Arms Children And Family Services Inc New York, NY | $61,235,788 | $88,686,017 |
North Shore Community Services Inc Westbury, NY | $256,637,537 | $86,285,675 |
Catholic Charities Of The Diocese Of Rochester Rochester, NY | $80,143,075 | $94,807,036 |
Community Assistance Resources & Extended Services Inc New York, NY | $66,076,171 | $123,796,849 |
Jewish Child Care Association Of New York Brooklyn, NY | $129,020,546 | $88,573,003 |
Urban Resource Institute New York, NY | $63,202,447 | $74,244,658 |
Mount Sinai Health System Executive V P For Finance New York, NY | $0 | $70,946,441 |
Birch Family Services Inc New York, NY | $68,113,610 | $78,917,553 |
Catholic Charities Of The Roman Catholic Diocese Of Syracuse Ny Syracuse, NY | $64,792,131 | $74,096,320 |
Mary Haven Center Of Hope Port Jefferson, NY | $26,765,963 | $57,662,471 |
Tri-County Community Action Agency Inc Bridgeton, NJ | $36,051,932 | $63,714,184 |