Civic Intelligence

The Keewaydin Foundation

990 • Fiscal year 2023 • EIN 04-2721019

Nov 01, 2022 to Oct 31, 2023 • Filed on May 09, 2024

500 Rustic LaneSalisbury, VT 05769

(802) 352-4247

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

15th percentile

0.06x

Higher debt load relative to revenue than 15% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

77th percentile

20%

Higher net margin than 77% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

46th percentile

$241,838

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

54th percentile

7.7%

Faster asset growth than 54% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

80th percentile

28%

Faster revenue growth than 80% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Up

$34,361,731

Up $2,457,589 (+7.7%) from 2022

Net Assets

Up

$33,868,540

Up $2,257,525 (+7.1%) from 2022

Liabilities

Up

$493,191

Up $200,064 (+68%) from 2022

Revenue

Up

$8,860,610

Up $1,949,928 (+28%) from 2022

Expenses

Up

$7,101,706

Up $1,137,448 (+19%) from 2022

Net Income

Up

$1,758,904

Up $812,480 (+86%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $16,906,377Liabilities 2010: $478,616Net Assets 2010: $16,427,7612010Assets 2011: $19,131,479Liabilities 2011: $235,346Net Assets 2011: $18,896,1332011Assets 2012: $20,107,710Liabilities 2012: $311,569Net Assets 2012: $19,796,1412012Assets 2013: $21,716,411Liabilities 2013: $249,691Net Assets 2013: $21,466,7202013Assets 2014: $22,344,909Liabilities 2014: $275,522Net Assets 2014: $22,069,3872014Assets 2015: $23,173,519Liabilities 2015: $269,798Net Assets 2015: $22,903,7212015Assets 2016: $25,131,391Liabilities 2016: $360,691Net Assets 2016: $24,770,7002016Assets 2017: $27,602,069Liabilities 2017: $372,752Net Assets 2017: $27,229,3172017Assets 2018: $28,393,061Liabilities 2018: $631,204Net Assets 2018: $27,761,8572018Assets 2019: $29,335,989Liabilities 2019: $339,104Net Assets 2019: $28,996,8852019Assets 2020: $31,063,766Liabilities 2020: $1,555,728Net Assets 2020: $29,508,0382020Assets 2021: $35,301,903Liabilities 2021: $1,562,774Net Assets 2021: $33,739,1292021Assets 2022: $31,904,142Liabilities 2022: $293,127Net Assets 2022: $31,611,0152022Assets 2023: $34,361,731Liabilities 2023: $493,191Net Assets 2023: $33,868,5402023Assets 2024: $44,649,817Liabilities 2024: $670,241Net Assets 2024: $43,979,5762024

Highlighted filing

2023

Assets$34,361,731
Liabilities$493,191
Net Assets$33,868,540

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0Expenses 2010: $3,848,9552010Revenue 2011: $6,136,166Expenses 2011: $3,749,783Net Income 2011: $2,386,3832011Revenue 2012: $4,564,943Expenses 2012: $3,997,947Net Income 2012: $566,9962012Revenue 2013: $5,188,001Expenses 2013: $4,152,426Net Income 2013: $1,035,5752013Revenue 2014: $4,968,546Expenses 2014: $4,414,373Net Income 2014: $554,1732014Revenue 2015: $5,819,176Expenses 2015: $4,658,189Net Income 2015: $1,160,9872015Revenue 2016: $6,497,543Expenses 2016: $4,740,951Net Income 2016: $1,756,5922016Revenue 2017: $6,386,105Expenses 2017: $5,001,713Net Income 2017: $1,384,3922017Revenue 2018: $6,420,857Expenses 2018: $5,529,449Net Income 2018: $891,4082018Revenue 2019: $6,127,473Expenses 2019: $5,504,699Net Income 2019: $622,7742019Revenue 2020: $3,153,439Expenses 2020: $2,785,630Net Income 2020: $367,8092020Revenue 2021: $7,611,414Expenses 2021: $5,214,477Net Income 2021: $2,396,9372021Revenue 2022: $6,910,682Expenses 2022: $5,964,258Net Income 2022: $946,4242022Revenue 2023: $8,860,610Expenses 2023: $7,101,706Net Income 2023: $1,758,9042023Revenue 2024: $17,469,463Expenses 2024: $7,121,019Net Income 2024: $10,348,4442024

Highlighted filing

2023

Revenue$8,860,610
Expenses$7,101,706
Net Income$1,758,904
Jump To
Filing Snapshot
Filing Period
Nov 1, 2022 to Oct 31, 2023
Signed
May 9, 2024
Return Version
2022v5.0
Gross Receipts
$12,495,265
Mission and Program Overview

Mission

To provide boys and girls with summers filled with fun, adventures and challenges through our rich in-camp activity program, our wilderness trips, and simple living in the beautiful outdoors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$13,223,470$13,920,402▲ $696,932
Land, Buildings, and Equipment, Net$9,364,383$9,297,074▼ $67,309
Savings and Temporary Cash Investments$1,453,694$1,161,880▼ $291,814
Pledges and Grants Receivable$16,174$242,867▲ $226,693
Cash and Non-Interest-Bearing Accounts$55,937$152,128▲ $96,191
Inventories for Sale or Use$110,716$130,381▲ $19,665
Prepaid Expenses and Deferred Charges$130,843$82,264▼ $48,579
Accounts Receivable$99,268$56,256▼ $43,012
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$31,904,142$34,361,731▲ $2,457,589
Other Assets Total$7,449,657$9,318,479▲ $1,868,822
Liabilities
Accounts Payable and Accrued Expenses$139,125$251,998▲ $112,873
Other Liabilities$154,002$241,193▲ $87,191
Total Liabilities$293,127$493,191▲ $200,064
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,742,855$17,743,347▲ $1,000,492
Net Assets With Donor Restrictions$14,868,160$16,125,193▲ $1,257,033
Total Net Assets Fund Balance$31,611,015$33,868,540▲ $2,257,525
Total Liabilities and Net Assets / Fund Balance$31,904,142$34,361,731▲ $2,457,589

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,364,965$4,138,044$10,503,009
Land$2,445,865-$2,445,865
Equipment$515,764$1,277,291$1,793,055
Other Land Buildings$-29,520$163,074$133,554
Other Assets Org$26,228--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$14,868,343$1,037,130▲ $923,097$692,947$16,135,623
2021$17,830,991$502,087▼ $2,729,214$735,521$14,868,343
2020$14,651,169$288,812▲ $3,546,477$655,467$17,830,991
2019$13,797,799$653,777▲ $758,171$558,578$14,651,169
2018$12,042,729$1,897,160▲ $469,676$611,766$13,797,799
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Peter HareExecutive DirecFT$241,838$241,838
Mary L WelzDevelopmentFT$116,565$116,565
Lee RandlettDirector FacilityFT$112,645$112,645
Emily SchoelzelCamp DirectorFT$107,214$107,214
Ellen FightCamp DirectorFT$93,441$93,441
Kathleen M JohnsonBusiness ManagerFT$90,503$90,503

Board Members and Trustees

NameTitle
Janice Farrell DayPresident
Jeff HoweVice President
Bright DicksonDirector
Carolina PardoDirector
Chris SeeleyDirector
Dorothy NovickDirector
Frederick ReimersDirector
Jim SperberDirector
Katie TanzDirector
Laurie Burton-grahamDirector
Rana KashyapDirector
Sammy PolitzinerDirector
Tim WoodsDirector
Laurice ArroyoSecretary
Tim NicholsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,802,128
Program Service Revenue
$4,548,040
Investment Income
$494,680
Other Revenue
$15,762
All Other Contributions
$3,802,128
Change in Net Assets
$1,758,904

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded2$30,831
Total Noncash Contributions2$30,831

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,860,610
Revenue Not Reported on Form 990
$498,621
Total Revenue per Audited Statements
$9,359,231
Total Revenue per Form 990
$8,860,610
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,579,259
Salaries, Compensation, and Employee Benefits$2,522,447
Total Fundraising Expense$1,071,540
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,469,979$189,058$135,786$1,794,823
All Other Expenses$734,407$186,853$333,635$1,254,895
Depreciation Depletion$412,799$14,550-$427,349
Other Expenses$383,765-$544,663$383,765
Current Officers, Directors, Trustees, and Key Employees$181,378$88,768$21,692$291,838
Other Employee Benefits$245,195$34,634$9,183$289,012
Insurance$195,105$22,816$5,264$223,185
Payroll Taxes$107,390$18,067$21,317$146,774
Fees for Services Accounting-$30,495-$30,495
Occupancy-$12,019-$12,019
Fees for Services Legal-$776-$776
Total Functional Expenses$5,432,130$598,036$1,071,540$7,101,706

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,138,337
Expenses per Audited Statements$7,101,706
Total Expenses per Form 990$7,101,706
Expenses Not Reported on Form 990$36,631
International Activity

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advance Deposits$216,579
Deferred Income$24,614
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by the business manager, the executive director and the treasurer before being filed. This committee then reports to the full board at the next board meeting.

Form 990, Part VI, Section B, Line 15B

Board discusses and set's the pay rate for the executive director, from which a formal letter is sent to the business manager.the board and executive director discuss management salaries then issue a formal letter to the business manager.

Form 990, Part VI, Section C, Line 19

Upon request at the main office.

Filing and Contact Details

Filer

Filer Name
The Keewaydin Foundation
EIN
04-2721019
Phone
8023524247
Address
500 RUSTIC LANE, SALISBURY, VT 05769

Signing Officer

Name
Peter Hare
Title
Executive Director
Signed
2024-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Hare
Formed
1982
Legal Domicile
Vt
Voting Board Members
16
Independent Board Members
18
Employees
242

Preparer

Firm
McCormack Guyette & Associates PC
Address
66 Grove Street, Rutland, VT 05701
Preparer
Kevin S Markowski CPA
Phone
8027753221
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

BAD DEBTS: Column (A) - Total = $26768; Column (B) - Program Services = $26768; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

CAMPER AND PATRON SERVICES: Column (A) - Total = $55275; Column (B) - Program Services = $55275; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

DUES AND SUBSCRIPTIONS: Column (A) - Total = $11099; Column (B) - Program Services = $0; Column (C) - Management & General = $11099; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

MISCELLANEOUS: Column (A) - Total = $294116; Column (B) - Program Services = $0; Column (C) - Management & General = $144116; Column (D) - Fundraising = $150000

Form 990, Part IX, Line 24E

Postage and Shipping: Column (A) - Total = $16281; Column (B) - Program Services = $0; Column (C) - Management & General = $16281; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Printing and Publications: Column (A) - Total = $199264; Column (B) - Program Services = $59235; Column (C) - Management & General = $0; Column (D) - Fundraising = $140029

Form 990, Part IX, Line 24E

PROGRAM ACTIVITIES: Column (A) - Total = $194234; Column (B) - Program Services = $194234; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

REAL ESTATE TAXES: Column (A) - Total = $138076; Column (B) - Program Services = $138076; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

STAFF TRAINING: Column (A) - Total = $30973; Column (B) - Program Services = $30973; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

SUPPLIES: Column (A) - Total = $132083; Column (B) - Program Services = $99103; Column (C) - Management & General = $14719; Column (D) - Fundraising = $18261

Form 990, Part IX, Line 24E

TELEPHONE: Column (A) - Total = $12763; Column (B) - Program Services = $10849; Column (C) - Management & General = $638; Column (D) - Fundraising = $1276

Form 990, Part IX, Line 24E

TRANSPORTATION: Column (A) - Total = $97255; Column (B) - Program Services = $73186; Column (C) - Management & General = $0; Column (D) - Fundraising = $24069

Form 990, Part IX, Line 24E

UTILITIES: Column (A) - Total = $46708; Column (B) - Program Services = $46708; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Financial Statement Notes

Part XII, Line 2D: Other expenses and losses per audited F/S

Store cost of goods $36631

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IRS990/Form990PartVIISectionAGrp/TitleTxt1DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIR FACILITY
IRS990/Form990PartVIISectionAGrp/TitleTxt3CAMP DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CAMP DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5BUSINESS MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15President
IRS990/Form990PartVIISectionAGrp/TitleTxt16Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
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IRS990/FormationYr01982
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IRS990/MembersOrStockholdersInd0false
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IRS990/MissionDesc0To provide boys and girls with summers filled with fun, adventures and challenges through our rich in-camp activity program, our wilderness trips, and simple living in the beautiful outdoors.
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IRS990/ProgramServiceRevenueGrp/Desc0CAMP PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/Desc1CAMP TRAVEL
IRS990/ProgramServiceRevenueGrp/Desc2LINEN RENTALS
IRS990/ProgramServiceRevenueGrp/Desc3MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/Desc4TUTORING
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt26760
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt379872
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt45705
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04445483
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110220
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt26760

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$44.6$0.67$44.0$17.5$7.12$10.3
2023Detailed filing. Detailed filing data is available for this year.$34.4$0.49$33.9$8.86$7.10$1.76
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.9$0.29$31.6$6.91$5.96$0.95
2021Detailed filing. Detailed filing data is available for this year.$35.3$1.56$33.7$7.61$5.21$2.40
2020Detailed filing. Detailed filing data is available for this year.$31.1$1.56$29.5$3.15$2.79$0.37
2019Detailed filing. Detailed filing data is available for this year.$29.3$0.34$29.0$6.13$5.50$0.62
2018Detailed filing. Detailed filing data is available for this year.$28.4$0.63$27.8$6.42$5.53$0.89
2017Detailed filing. Detailed filing data is available for this year.$27.6$0.37$27.2$6.39$5.00$1.38
2016Detailed filing. Detailed filing data is available for this year.$25.1$0.36$24.8$6.50$4.74$1.76
2015Detailed filing. Detailed filing data is available for this year.$23.2$0.27$22.9$5.82$4.66$1.16
2014Detailed filing. Detailed filing data is available for this year.$22.3$0.28$22.1$4.97$4.41$0.55
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.7$0.25$21.5$5.19$4.15$1.04
2012Summary only. Only limited summary data is available for this year.$20.1$0.31$19.8$4.56$4.00$0.57
2011Summary only. Only limited summary data is available for this year.$19.1$0.24$18.9$6.14$3.75$2.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.9$0.48$16.4$3.85