Key Program Incorporated
- Assets
- $30.9m
- Revenue
- $43.5m
- Investments
- $0.0
- Employees
- 603
- Location
- Framingham, MA
- Founding
- 11/1974
- Data as of
- 06/2023
- EIN
- 04-2539878
Organization Overview
Key Program Incorporated is located in Framingham, MA. The organization was established in 1974. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 06/2023, Key Program Incorporated employed 603 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Key Program Incorporated 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 06/2023, Key Program Incorporated generated $43.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $37.6m during the year ending 06/2023. While expenses have increased by 1.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST CHILDREN AND THEIR FAMILIES IN DEVELOPING POSITIVE LIFE SKILLS SO THEY MAY PURSUE PRODUCTIVE AND REWARDING LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUTREACH AND TRACKING, FAMILY SUPPORT CENTERS- CARE IS PROVIDED WHILE THE CLIENT LIVES AT HOME, IN A FOSTER HOME, IN A KINSHIP HOME OR INDEPENDENTLY. CLIENTS ARE FROM THE CHILD WELFARE, MENTAL HEALTH AND JUVENILE JUSTICE SYSTEM. STAFF'S PRIMARY PURPOSE IS TO PROVIDE STRENGTH-BASED, FAMILY-FOCUSED, AND TRAUMA-INFORMED SERVICES IN ALL AREAS OF A YOUTH'S AND FAMILY'S LIFE THROUGH STRUCTURE, SUPPORT, ADVOCACY AND SUPERVISION. DURING THE CURRENT YEAR, KEY PROVIDED SERVICES TO 769 YOUTHS.
RESIDENTIAL TREATMENT PROGRAM - KEY PROVIDES A FULL RANGE OF RESIDENTIAL SERVICES TO ADOLESCENTS AND YOUNG ADULTS FROM THE CHILD WELFARE, JUVENILE JUSTICE, AND MENTAL HEALTH SYSTEMS, WITH LENGTHS OF STAY VARYING FROM 3 TO 18 MONTHS. SERVICES INCLUDE EDUCATION, INDIVIDUAL, GROUP AND FAMILY COUNSELING, BEHAVIOR MANAGEMENT, RECREATIONAL ACTIVITIES, ADVOCACY AND LIFE SKILLS TRAINING, INCLUDING INDEPENDENT LIVING. DURING THE CURRENT YEAR, KEY PROVIDED SERVICES TO A TOTAL OF 89 ADOLESCENTS AND YOUNG ADULTS.
SHELTER PROGRAM - THIS PROGRAM OFFERS EMERGENCY PLACEMENT SERVICES FOR RUNAWAYS, TRUANTS, JUVENILE OFFENDERS, ABUSED AND NEGLECTED YOUTH. CARE IS DELIVERED IN A FACILITY. DURING THE CURRENT YEAR, KEY PROVIDED THESE SERVICES TO A TOTAL OF 294 YOUTHS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Feldstein ESQ Chairman And Clerk | OfficerTrustee | 2 | $0 |
Hope Straughan Director | Trustee | 1 | $0 |
Howard Corey Treasurer | OfficerTrustee | 1 | $0 |
Joseph Imbriani ESQ CPA Director | Trustee | 1 | $0 |
Marie Ahern Director | Trustee | 1 | $0 |
Michael C Cuscia Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ne Home Restoration Repairs And Maintenance | 6/29/23 | $277,450 |
Integrated It Solutions Data System Consulting | 6/29/23 | $161,921 |
Ted O'neil Repairs And Maintenance | 6/29/23 | $206,978 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $191,865 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,865 |
| Total Program Service Revenue | $42,904,184 |
| Investment income | $388,582 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,648 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,508,279 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,221 |
| 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. | $1,931,034 |
| Compensation of current officers, directors, key employees. | $924,481 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,761,300 |
| Pension plan accruals and contributions | $743,580 |
| Other employee benefits | $3,264,455 |
| Payroll taxes | $1,819,118 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,133 |
| Fees for services: Accounting | $168,486 |
| Fees for services: Lobbying | $40,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,302 |
| Fees for services: Other | $598,111 |
| Advertising and promotion | $376,356 |
| Office expenses | $529,500 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,530,880 |
| Travel | $405,038 |
| 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 | $266,931 |
| Insurance | $469,420 |
| All other expenses | $793,453 |
| Total functional expenses | $37,641,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,575,891 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,728,734 |
| 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 | $101,319 |
| Net Land, buildings, and equipment | $2,764,223 |
| Investments—publicly traded securities | $5,594,016 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,179,678 |
| Total assets | $30,943,861 |
| Accounts payable and accrued expenses | $7,498,738 |
| Grants payable | $0 |
| Deferred revenue | $983,162 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,768 |
| 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 | $1,035,473 |
| Total liabilities | $9,520,141 |
| Net assets without donor restrictions | $21,423,720 |
| 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 | $30,943,861 |