Civic Intelligence

Key Assets Foundation Inc

990EZ • Fiscal year 2015 • EIN 46-3541566

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 14, 2016

961 Beasley Street Suite 145Lexington, KY 40509

(859) 226-5022

Siviq Scores

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

Liabilities / Assets

98th percentile

2.90x

Higher debt load relative to assets than 98% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

95th percentile

0.90x

Higher debt load relative to revenue than 95% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

9th percentile

-42%

Higher net margin than 9% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

9th percentile

-47%

Faster asset growth than 9% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

94th percentile

128%

Faster revenue growth than 94% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$34,030

Down $29,949 (-47%) from 2014

Net Assets

Down

-$64,632

Down $45,525 (-238%) from 2014

Liabilities

Up

$98,662

Up $15,576 (+19%) from 2014

Revenue

Up

$109,660

Up $61,658 (+128%) from 2014

Expenses

Up

$155,185

Up $90,607 (+140%) from 2014

Net Income

Down

-$45,525

Down $28,949 (-175%) from 2014

Historical Trend

Balance Sheet Trend

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

$200K$100K$0-$100KAssets 2014: $63,979Liabilities 2014: $83,086Net Assets 2014: -$19,1072014Assets 2015: $34,030Liabilities 2015: $98,662Net Assets 2015: -$64,6322015Assets 2016: $58,492Liabilities 2016: $157,826Net Assets 2016: -$99,3342016Assets 2017: $22,602Liabilities 2017: $115,192Net Assets 2017: -$92,5902017Assets 2018: $19,418Liabilities 2018: $113,932Net Assets 2018: -$94,5142018

Highlighted filing

2015

Assets$34,030
Liabilities$98,662
Net Assets-$64,632

Operations Trend

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

$200K$100K$0-$100KRevenue 2014: $48,002Expenses 2014: $64,578Net Income 2014: -$16,5762014Revenue 2015: $109,660Expenses 2015: $155,185Net Income 2015: -$45,5252015Revenue 2016: $124,656Expenses 2016: $159,358Net Income 2016: -$34,7022016Revenue 2017: $67,160Expenses 2017: $60,416Net Income 2017: $6,7442017Revenue 2018: $3,616Expenses 2018: $5,541Net Income 2018: -$1,9252018

Highlighted filing

2015

Revenue$109,660
Expenses$155,185
Net Income-$45,525
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 14, 2016
Return Version
2015v2.1
Gross Receipts
$109,660
Mission and Program Overview

Mission

Key Assets Foundation is actively involved in both the service of children in out-of-home care and the evidencing of those outcomes. Effectiveness of foster care and the provision of supports along the continuum of care become the primary functions of this organization. Key Assets will engage in research and service to promote more effective and efficient care. This development and evidencing of these outcomes will not be limited to internal research and evaluation, but may be extended to larger cohorts of children and youth as well as programming provided by any agency interested in this model of 1) service provision 2) evaluation 3) revision 4) replication. Key Assets will advocate for models that maintain children in their communities of origin or as close as safely possible. Key Assets will utilize its research to assist agencies and government in putting together evidence based models for children in foster care.

Program Services

DescriptionGrantsExpenses
The organization created a program called Opportunities to Participate and Transform (OPT). Through OPT key services will invite the people with post traumatic or developmental/intellectual disabilities with a variety of interpersonal or behavioral issues to be introduced into a valuable role in their community by attending integrated work readiness training with community partners to include employers and community colleges. The goal in this partnership is to increase the individual's ability to be included in community life as a student and potentially accepted as a future student or employee and to develop employment related skills and opportunities to facilitate employment. This programs has established a goal of working with 10 OVR students with disabilities in the first year.$0$0
Chris Groeber is secretary/treasurer of the organization and is CEO of Key Assets Kentucky, LLC. The organization reimburses Key Assets Kentucky, LLC for personnel expenses at cost.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
tom youngVice ChairmanPT$0--
irene rickusBoard Member-$0--
martie gillenBoard Member-$0--
estella abrahamBoard Member-$0--
Kaye HoffmanPresidentPT$0--
chris groeberSecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
Key Assets Foundation Inc
EIN
46-3541566
Phone
8592265022
Address
961 Beasley Street Suite 145, Lexington, KY 40509

Signing Officer

Name
chris groeber
Title
Secretary
Phone
8592265022
Signed
2016-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Blue & Co LLC
Address
250 West Main Street Suite 2900, Lexington, KY 40507
Preparer
M Melinda Karns
Phone
8592531100
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16 - Other Expenses

Description: STAFFING COSTS. Amount: 113,587. Description: CURRICULUM DEVELOPMENT. Amount: 8,375. Description: OUTREACH. Amount: 2,315. Description: LAB SET-UP. Amount: 614. Description: IT COSTS. Amount: 1,150. Description: ADAPTIVE RESOURCES. Amount: 195. Description: MATERIALS. Amount: 626. Description: MISCELLANEOUS EXPENSES. Amount: 104. Description: DEPRECIATION EXPENSE. Amount: 1,714. Description: TAXES AND FILING FEES. Amount: 15. Total to Form 990-EZ, line 16: 128,695.

Form 990-EZ, Part II, Line 24 - Other Assets

Description: ACCOUNTS RECEIVABLE. Beg. of Year Amount: 18,293. End of Year Amount: 23,453. Description: Other Depreciable Assets. Beg. of Year Amount: 8,725. End of Year Amount: 7,810.

Form 990-EZ, Part II, Line 26 - Other Liabilities

Description: deferred revenue. Beg. of Year Amount: 36,881. End of Year Amount: 0. Description: ACCOUNTS PAYABLE- KEY ASSETS KY. Beg. of Year Amount: 46,205. End of Year Amount: 98,662.

Raw XML Appendix172 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0Key Assets Foundation is actively involved in both the service of children in out-of-home care and the evidencing of those outcomes. Effectiveness of foster care and the provision of supports along the continuum of care become the primary functions of this organization. Key Assets will engage in research and service to promote more effective and efficient care. This development and evidencing of these outcomes will not be limited to internal research and evaluation, but may be extended to larger cohorts of children and youth as well as programming provided by any agency interested in this model of 1) service provision 2) evaluation 3) revision 4) replication. Key Assets will advocate for models that maintain children in their communities of origin or as close as safely possible. Key Assets will utilize its research to assist agencies and government in putting together evidence based models for children in foster care.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Chris Groeber is secretary/treasurer of the organization and is CEO of Key Assets Kentucky, LLC. The organization reimburses Key Assets Kentucky, LLC for personnel expenses at cost.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: STAFFING COSTS. Amount: 113,587. Description: CURRICULUM DEVELOPMENT. Amount: 8,375. Description: OUTREACH. Amount: 2,315. Description: LAB SET-UP. Amount: 614. Description: IT COSTS. Amount: 1,150. Description: ADAPTIVE RESOURCES. Amount: 195. Description: MATERIALS. Amount: 626. Description: MISCELLANEOUS EXPENSES. Amount: 104. Description: DEPRECIATION EXPENSE. Amount: 1,714. Description: TAXES AND FILING FEES. Amount: 15. Total to Form 990-EZ, line 16: 128,695.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: ACCOUNTS RECEIVABLE. Beg. of Year Amount: 18,293. End of Year Amount: 23,453. Description: Other Depreciable Assets. Beg. of Year Amount: 8,725. End of Year Amount: 7,810.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description: deferred revenue. Beg. of Year Amount: 36,881. End of Year Amount: 0. Description: ACCOUNTS PAYABLE- KEY ASSETS KY. Beg. of Year Amount: 46,205. End of Year Amount: 98,662.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16 - Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 24 - Other Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26 - Other Liabilities
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0chris groeber
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary
ReturnHeader/BusinessOfficerGrp/PhoneNum08592265022
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Key Assets Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0KEYA
ReturnHeader/Filer/EIN0463541566
ReturnHeader/Filer/PhoneNum08592265022
ReturnHeader/Filer/USAddress/AddressLine1Txt0961 Beasley Street Suite 145
ReturnHeader/Filer/USAddress/CityNm0Lexington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd040509
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351178661
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Blue & Co LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0250 West Main Street Suite 2900
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lexington
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040507
ReturnHeader/PreparerPersonGrp/PhoneNum08592531100
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0M Melinda Karns
ReturnHeader/ReturnTs02016-11-15T13:02:53-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • <$500k nonprofits