Civic Intelligence

Keshet

990 • Fiscal year 2017 • EIN 36-3441392

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 20, 2018

600 Academy Dr No 130Northbrook, IL 60062

(847) 205-1234

Siviq Scores

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

Liabilities / Assets

40th percentile

0.13x

Higher debt load relative to assets than 40% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

48th percentile

0.22x

Higher debt load relative to revenue than 48% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

21st percentile

-5.4%

Higher net margin than 21% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

37th percentile

1.2%

Faster asset growth than 37% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

63rd percentile

9.9%

Faster revenue growth than 63% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$11,553,644

Up $133,819 (+1.2%) from 2016

Net Assets

Up

$10,000,157

Up $203,823 (+2.1%) from 2016

Liabilities

Down

$1,553,487

Down $70,004 (-4.3%) from 2016

Revenue

Up

$7,136,210

Up $642,786 (+9.9%) from 2016

Expenses

Up

$7,523,319

Up $340,245 (+4.7%) from 2016

Net Income

Up

-$387,109

Up $302,541 (+44%) from 2016

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2013: $10,162,880Liabilities 2013: $718,041Net Assets 2013: $9,444,8392013Assets 2014: $10,963,159Liabilities 2014: $740,209Net Assets 2014: $10,222,9502014Assets 2015: $11,598,221Liabilities 2015: $769,633Net Assets 2015: $10,828,5882015Assets 2016: $11,419,825Liabilities 2016: $1,623,491Net Assets 2016: $9,796,3342016Assets 2017: $11,553,644Liabilities 2017: $1,553,487Net Assets 2017: $10,000,1572017Assets 2018: $12,463,928Liabilities 2018: $1,414,707Net Assets 2018: $11,049,2212018Assets 2019: $13,150,025Liabilities 2019: $1,329,598Net Assets 2019: $11,820,4272019Assets 2020: $12,582,247Liabilities 2020: $2,177,854Net Assets 2020: $10,404,3932020Assets 2021: $17,062,334Liabilities 2021: $2,457,493Net Assets 2021: $14,604,8412021Assets 2022: $16,526,441Liabilities 2022: $1,284,972Net Assets 2022: $15,241,4692022

Highlighted filing

2017

Assets$11,553,644
Liabilities$1,553,487
Net Assets$10,000,157

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2013: $5,390,9972013Revenue 2014: $5,468,104Expenses 2014: $5,292,222Net Income 2014: $175,8822014Revenue 2015: $6,342,781Expenses 2015: $5,655,561Net Income 2015: $687,2202015Revenue 2016: $6,493,424Expenses 2016: $7,183,074Net Income 2016: -$689,6502016Revenue 2017: $7,136,210Expenses 2017: $7,523,319Net Income 2017: -$387,1092017Revenue 2018: $9,111,336Expenses 2018: $8,236,440Net Income 2018: $874,8962018Revenue 2019: $10,141,052Expenses 2019: $9,287,418Net Income 2019: $853,6342019Revenue 2020: $9,560,469Expenses 2020: $10,598,491Net Income 2020: -$1,038,0222020Revenue 2021: $10,429,221Expenses 2021: $8,199,713Net Income 2021: $2,229,5082021Revenue 2022: $12,193,321Expenses 2022: $8,757,439Net Income 2022: $3,435,8822022

Highlighted filing

2017

Revenue$7,136,210
Expenses$7,523,319
Net Income-$387,109
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 20, 2018
Return Version
2016v3.0
Gross Receipts
$7,588,126
Mission and Program Overview

Mission

Keshet is is the premier provider of educational, recreational, vocational and social programs for indivdiuals with intellectual disabilities operating according to traditional jewish values. The mission is to enhance independence and integration to optimize personal potential.

Keshet is a nationally recognized organization providing community-based educational, recreational, and vocational programs for children, teens, and young adults with varying and multiple developmental disabilities. Keshet's goal is to enable individuals with disabilities to participate as fully as possible in the mainstream of community life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,657,542$7,417,054▲ $759,512
Savings and Temporary Cash Investments$1,803,856$1,428,838▼ $375,018
Prepaid Expenses and Deferred Charges$1,239,746$1,298,101▲ $58,355
Land, Buildings, and Equipment, Net$563,144$462,344▼ $100,800
Pledges and Grants Receivable$622,906$355,162▼ $267,744
Investments Other Securities-$250,473-
Accounts Receivable$414,626$156,513▼ $258,113
Cash and Non-Interest-Bearing Accounts$77,839$149,241▲ $71,402
Intangible Assets$18,585$14,337▼ $4,248
Total Assets$11,419,825$11,553,644▲ $133,819
Other Assets Total$21,581$21,581→ $0
Liabilities
Deferred Revenue$639,064$715,137▲ $76,073
Other Liabilities$697,608$457,694▼ $239,914
Accounts Payable and Accrued Expenses$286,819$380,656▲ $93,837
Total Liabilities$1,623,491$1,553,487▼ $70,004
Net Assets / Fund Balance
Permanently Rstr Net Assets$3,754,712$3,785,687▲ $30,975
Unrestricted Net Assets$3,367,587$3,204,394▼ $163,193
Temporarily Rstr Net Assets$2,674,035$3,010,076▲ $336,041
Total Net Assets Fund Balance$9,796,334$10,000,157▲ $203,823
Total Liabilities and Net Assets / Fund Balance$11,419,825$11,553,644▲ $133,819

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$106,806$773,343$880,149
Other Land Buildings$122,113$433,704$555,817
Leasehold Improvements$110,255$213,311$323,566
Equipment$30,237$98,117$128,354
Land$92,933-$92,933

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$6,850,317$36,725▲ $759,569$283,869$7,362,742
2015$8,375,284$22,245▼ $52,936$1,494,276$6,850,317
2014$8,556,499$48,504▲ $58,339$288,058$8,375,284
2013$7,626,640$566,980▲ $664,321$301,442$8,556,499
2012$6,729,090$574,030▲ $426,646$103,126$7,626,640
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Abbie WeisbergCEO/executive DirectorFT$200,642$26,319$226,961
Dave GendelVP of Donor RelationsFT$176,347$22,710$199,057
Michelle EbnerChief Financial OfficerFT$131,869$9,081$140,950
Jennifer PhillipsDirector of RecreationFT$116,173$2,942$119,115
Debra HarrisDirector of Adult ProgramsFT$102,650$2,740$105,390

Board Members and Trustees

NameTitle
Joel KleinChairman
Randi HeichmanVice Chair
Alan PatzikBoard Member
Beth BassmanBoard Member
Brad KotlerBoard Member
Chris RabinBoard Member
Deni RozenBoard Member
Gail MetrickBoard Member
Michael PinselBoard Member
Rabbi Moshe StermanBoard Member
Shalom KleinBoard Member
Sharon BogenBoard Member
Michael KelberSecretary
Phillip SternTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,004,287
Program Service Revenue
$4,266,762
Investment Income
$176,663
Other Revenue
$-311,502
All Other Contributions
$2,039,314
Change in Net Assets
$-387,109

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,859,796
Revenue Not Reported on Financial Statements
$276,414
Revenue Not Reported on Form 990
$719,486
Other Revenue Adjustments
$276,414
Total Revenue per Audited Statements
$7,579,282
Total Revenue per Form 990
$7,136,210
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,234,373
Other Expenses$2,012,532
Total Fundraising Expense$776,573
Grants and Similar Amounts Paid$276,414
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,333,200$280,531$310,101$3,923,832
Current Officers, Directors, Trustees, and Key Employees$178,087$159,686$252,343$590,116
Payroll Taxes$283,444$26,706$36,390$346,540
Fees for Services Other$250,428$59,236$3,914$313,578
Occupancy$222,720$57,541$3,390$283,651
Grants to Domestic Individuals$276,414--$276,414
Other Employee Benefits$186,350$63,143$3,196$252,689
All Other Expenses$115,351$42,982$14,688$173,021
Travel$160,115$2,353$7,355$169,823
Depreciation Depletion$143,580$7,868-$151,448
Office Expenses$64,402$29,390$43,168$136,960
Pension Plan Contributions$99,845$12,045$9,306$121,196
Information Technology$50,537$35,309$3,077$88,923
Other Expenses$0$6,993$46,351$53,344
Advertising$1,602$13,048$33,615$48,265
Insurance$31,803$2,168$2,168$36,139
Fees for Services Accounting-$24,000-$24,000
Fees for Services Legal$2,597--$2,597
Total Functional Expenses$5,916,735$830,011$776,573$7,523,319

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,523,319
Total Expenses per Audited Statements$7,375,459
Expenses per Audited Statements$7,246,905
Expenses Not Reported on Financial Statements$276,414
Other Expense Adjustments$276,414
Expenses Not Reported on Form 990$128,554
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$448,751
Fundraising Gross Income$120,705
Gaming Gross Income$5,810
Gaming Direct Expenses$3,165
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Benefit$726,691$82,750$49,826$32,924
Summer Event$331,057$37,955$8,223$29,732
Total Events$1,078,064$120,705$448,751$-328,046
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Samantha RudolphDaughter of Board MemberEmployed by OrganizationNo$68,913
Jen GendelWife of Vp FundraisingEmployed by OrganizationNo$33,022
Zoie WeisbergDaughter of CEOEmployed by OrganizationNo$26,329
Elisheva KleinWife of Board MemberEmployed by OrganizationNo$24,706
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Future Rent Obligation$416,235
Deferred Rent$41,459
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

All family members and guardians of jewish individuals with special needs and family members and guardians of individuals enrolled in keshet programs who subscribe to the aims and purposes of the organization shall be eligible for membership in keshet.

Form 990, Part VI, Section A, Line 7B

Each member family shall have one vote on any keshet matter submitted to the membership for a general vote.

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

Irs form 990 is presented for review to the finance committee prior to being signed and filed with the irs. Additionally, the 990 is provided to the full governing body prior to filing.

Form 990, Part VI, Section B, Line 12C

Annually, each director, committee member and key employee shall complete a disclosure form identifying any relationships that they believe could contribute to a conflict of interest. Any identified conflicts will be discussed and are dealt with accordingly.

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

The executive director's compensation is a committee decision. The compensation committee looks at comparable information for similar positions and there is contemporaneous substantiation of the deliberation and decision.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public on an "as requested" basis.

Filing and Contact Details

Filer

Filer Name
Keshet
EIN
36-3441392
Phone
8472051234
Address
600 ACADEMY DR NO 130, NORTHBROOK, IL 60062

Signing Officer

Name
Shalom Klein
Title
Chairman
Phone
8472051234
Signed
2018-02-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shalom Klein
Formed
1988
Legal Domicile
Il
Voting Board Members
14
Independent Board Members
14
Employees
314
Volunteers
100

Preparer

Firm
Warady & Davis Llp
Address
1717 DEERFIELD RD SUITE 300S, DEERFIELD, IL 60015
Preparer
Susan Greggo
Phone
8472679600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

Endowment funds have been established for a variety of purposes to provide for the continued long-term operation of the organization, its related programs and for the ability to carry on the organization's mission. Funds established by donor-restricted gifts are maintained to provide a permanent source of income where the principal remains intact and the earnings are used by the organization as needed unless specified by the donor for a specific purpose.

PART X, LINE 2:

The organization adopted the guidance in the fasb codification topic related to uncertainty in income taxes which prescribes a comprehensive model for recognizing, measuring, presenting and disclosing in the financial statements uncertain tax positions that the organization has taken or expects to take in its tax returns. Under the guidance, the organization may recognize the tax benefit from an uncertain tax position only if it is "more likely than not" that it is sustainable, based on its technical merits. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority having full knowledge of all relevant information. The organization believes that it has appropriate support for the positions taken on its returns.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Scholarship assistance 276,414.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Scholarship assistance 276,414.

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IRS990/Form990PartVIISectionAGrp/PersonNm10CHRIS RABIN
IRS990/Form990PartVIISectionAGrp/PersonNm11RABBI MOSHE STERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm12ALAN PATZIK
IRS990/Form990PartVIISectionAGrp/PersonNm13DENI ROZEN
IRS990/Form990PartVIISectionAGrp/PersonNm14ABBIE WEISBERG
IRS990/Form990PartVIISectionAGrp/PersonNm15MICHELLE EBNER
IRS990/Form990PartVIISectionAGrp/PersonNm16DAVE GENDEL
IRS990/Form990PartVIISectionAGrp/PersonNm17JENNIFER PHILLIPS
IRS990/Form990PartVIISectionAGrp/PersonNm18DEBRA HARRIS
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IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14CEO/EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP OF DONOR RELATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR OF RECREATION
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR OF ADULT PROGRAMS
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IRS990/MissionDesc0KESHET IS THE PREMIER PROVIDER OF EDUCATIONAL, RECREATIONAL, VOCATIONAL AND SOCIAL PROGRAMS FOR INDIVIDUALS WITH INTELLECTUAL DISABILITIES OPERATING ACCORDING TO TRADITIONAL JEWISH VALUES. THE MISSION IS TO ENHANCE INDEPENDENCE AND INTEGRATION TO OPTIMIZE PERSONAL POTENTIAL.
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IRS990/PrincipalOfficerNm0SHALOM KLEIN
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IRS990/ProgramServiceRevenueGrp/Desc0TUITION & FEES
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IRS990/ProgSrvcAccomActy2Grp/Desc0SUMMER RECREATION AND EXTENDED DAY SCHOOL INCLUDES SUMMER DAY, OVERNIGHT EDUCATION AND RECREATION PROGRAM EXPERIENCES AND SERVES APPROXIMATELY 150 CHILDREN.
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt068717
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IRS990/ProgSrvcAccomActy3Grp/Desc0ADULT PROGRAMMING OFFERS OPPORTUNITIES THAT BUILD PEER RELATIONSHIPS AND A NETWORK OF FRIENDS FOR ADULTS WITH DEVELOPMENTAL DISABILITIES. PARTICIPANTS HAVE OPPORTUNITIES TO WORK ON SOCIAL SKILLS, PARTICIATE IN RECREATIONAL ACTIVITIES, LEISURE ACTIVITIES AND STRENGTHEN ADAPTIVE LIVING SKILLS WITHIN A GROUP CONTEXT. THERE ARE CURRENTLY 33 PARTICIPANTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01523485
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0681253
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAM SERVICES INCLUDE SUNDAY SCHOOL, RECREATIONAL PROGRAMS, PRITZKER PUCKER INSPIRE CENTER AND PRESCHOOL
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IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt029712
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0173417
IRS990/ProhibitedTaxShelterTransInd00

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