New Key School Inc
- Assets
- $12.3m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 47
- Location
- Fort Worth, TX
- Founding
- 10/2005
- Data as of
- 07/2021
- EIN
- 81-0661502
Organization Overview
New Key School Inc, operating under the name Key Center For Learning Differences, is located in Fort Worth, TX. The organization was established in 2005. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 07/2021, Key Center For Learning Differences employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Key Center For Learning Differences 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 07/2021, Key Center For Learning Differences generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $2.4m during the year ending 07/2021. While expenses have increased by 0.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OVERCOMING LEARNING DIFFERENCES TO CREATE INDIVIDUALIZED EDUCATIONAL SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TYPICAL KEY SCHOOL STUDENT IS OF AVERAGE OR ABOVE AVERAGE INTELLIGENCE AND SUFFERS FROM ONE OR MORE LEARNING DIFFERENCES. KEY SCHOOL'S NINE MONTH TERM IS A FULL, RIGOROUS ACADEMIC PROGRAM WITH AN EMPHASIS ON INDIVIDUAL PROGRESSION. OUR AVERAGE 4:1 STUDENT/TEACHER RATIO GIVES OUR STUDENTS THE EDUCATIONAL ADVANTAGE NEEDED TO REACH, AND IN SOME CASES EXCEED, THEIR ACADEMIC GOALS. OUR SUMMER PROGRAM IS DESIGNED FOR STUDENTS ENTERING GRADES KINDERGARTEN - 12 WHO STRUGGLE IN SCHOOL OR THOSE WHO NEED BENEFIT OF GETTING AN ACADEMIC BOOST FROM THE COMING SCHOOL YEAR.
THE KEY SCHOOL ACADEMIC LANGUAGE THERAPY (KSALT) PROGRAM OFFERS IN-DEPTH MULTI-SENSORY STRUCTURED TRAINING FOR INDIVIDUALS INTERESTED IN WORKING WITH CHILDREN OR ADULTS HAVING DYSLEXIA OR RELATED DISORDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerri Benson Executive Director (left 10/31/2020) | Officer | 40 | $116,396 |
Fantasy Reynolds President | OfficerTrustee | 40 | $0 |
Carla Brown Chair Of Development Commi | OfficerTrustee | 1 | $0 |
Mark Roberts Secretary/treasurer | OfficerTrustee | 1 | $0 |
Katie Roberts Chair Of Governance Commit | OfficerTrustee | 1 | $0 |
Melanie Royal Executive Director (began 7/26/2021) | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,432 |
| Related organizations | $0 |
| Government grants | $318,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,020,436 |
| Noncash contributions included in lines 1a–1f | $81,094 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,354,668 |
| Total Program Service Revenue | $1,686,737 |
| Investment income | $3,277 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$305,608 |
| Net Income from Fundraising Events | $17,179 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,757,721 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $87,044 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $58,542 |
| Compensation of current officers, directors, key employees. | $26,344 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,283,688 |
| Pension plan accruals and contributions | $1,168 |
| Other employee benefits | $6,673 |
| Payroll taxes | $121,384 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $85,332 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,829 |
| Advertising and promotion | $16,018 |
| Office expenses | $99,295 |
| Information technology | $100,979 |
| Royalties | $0 |
| Occupancy | $147,480 |
| Travel | $323 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $452 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,111 |
| Insurance | $21,959 |
| All other expenses | $44,460 |
| Total functional expenses | $2,376,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,603,267 |
| Savings and temporary cash investments | $209 |
| Pledges and grants receivable | $208,274 |
| Accounts receivable, net | $51,897 |
| 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 | $36,113 |
| Net Land, buildings, and equipment | $8,022,418 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $410,288 |
| Other assets | $0 |
| Total assets | $12,332,466 |
| Accounts payable and accrued expenses | $1,144,282 |
| Grants payable | $0 |
| Deferred revenue | $237,314 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $39,757 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $49,026 |
| Other liabilities | $0 |
| Total liabilities | $1,470,379 |
| Net assets without donor restrictions | $1,530,012 |
| Net assets with donor restrictions | $9,332,075 |
| 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 | $12,332,466 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that New Key School Inc has recieved totaling $666,989.
| Awarding Organization | Amount |
|---|---|
Anne T & Robert M Bass Foundation Fort Worth, TX PURPOSE: GENERAL | $545,000 |
Adeline & George Mcqueen Foundation Of 1960 8336174700 Chicago, IL PURPOSE: GENERAL | $30,000 |
The Anna Welsh Thornton & Alexander Parker Thornton Charitable Trust Chicago, IL PURPOSE: GENERAL | $25,000 |
Austin Community Foundation Austin, TX PURPOSE: TUITION SUPPORT FOR STUDENTS IN NEED | $20,800 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $16,189 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $15,000 |
Endowment Analysis
| Beg. Balance | $7,196,361 |
| Net Contributions | $170,162 |
| Other Expense | $111,403 |
| Grants | $87,044 |
| Ending Balance | $7,168,076 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Delta Inc Helena, AR | $23,299,418 | $20,055,239 |
Baton Rouge Christian Education Foundation Inc Baton Rouge, LA | $25,217,556 | $20,900,810 |
Alcuin School Dallas, TX | $59,182,125 | $20,381,763 |
Oakridge School Inc Arlington, TX | $19,389,993 | $20,174,539 |
Pulaski Academy Little Rock, AR | $31,968,373 | $17,811,246 |
Education Service Center Region Ii Of Texas Corpus Christi, TX | $24,486,082 | $17,593,515 |
The Woodlands Christian Academy The Woodlands, TX | $44,326,696 | $20,493,923 |
Odyssey 2020 Academy Inc Galveston, TX | $23,994,459 | $17,751,222 |
El Paso Education Initiative Inc El Paso, TX | $37,947,839 | $17,386,289 |
Episcopal Collegiate School Little Rock, AR | $113,498,551 | $17,410,081 |
Energized For Excellence Academy Houston, TX | $1,351,482 | $18,898,659 |
Houston Gateway Academy Inc Houston, TX | $78,886,053 | $32,736,217 |