Keys 4 4 Kids Inc
- Assets
- $100.8k
- Revenue
- $391.7k
- Investments
- $0.0
- Employees
- 11
- Location
- New Brighton, MN
- Founding
- 11/2006
- Data as of
- 12/2021
- EIN
- 90-0200429
Organization Overview
Keys 4 4 Kids Inc is located in New Brighton, MN. The organization was established in 2006. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Keys 4 4 Kids Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keys 4 4 Kids Inc 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 12/2021, Keys 4 4 Kids Inc generated $391.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $370.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 7 years. 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
SUPPORT MUSIC AND ART PROGRAMS FOR LOCAL YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KEYS 4/4 KIDS COLLECTED USED PIANOS FROM THE COMMUNITY. THOSE PIANOS WERE THEN SOLD TO THE GENERAL PUBLIC, DONATED TO LOCAL YOUTH OR ARTS ORGANIZATIONS, OR INVOLVED IN THE PIANOS ON PARADE PROGRAM, IN WHICH PIANOS ARE PAINTED BY STUDENTS AND ARTISTS, AND MADE PUBLICLY AVAILABLE ON STREET CORNERS IN THE METRO AREA. PROGRAM HIGHLIGHTS FOR 2021: THROUGH THE POP PROGRAM AND ITS PARTNERS, KEYS 4/4 KIDS HELPED PROVIDE 104 FREE CONCERTS TO THE GENERAL PUBLIC;THROUGH OUR PLACEMENT PROGRAM, WE WERE ABLE TO GIFT A KAWAI GRAND PIANO TO LIBERTY COMMUNITY CHURCH'S AFTER-SCHOOL PROGRAM IN NORTH MINNEAPOLIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grant Dawson Executive Director | Officer | 40 | $75,000 |
Todd Marshall Board Treasurer And Chair | OfficerTrustee | 1 | $0 |
Linda Fox Board Secretary | OfficerTrustee | 1 | $0 |
Adam Erickson Director | Trustee | 1 | $0 |
Pete Saari Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $321,850 |
| Noncash contributions included in lines 1a–1f | $82,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $328,850 |
| Total Program Service Revenue | $20,058 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $42,788 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $391,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| 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. | $75,000 |
| Compensation of current officers, directors, key employees. | $75,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $115,357 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,569 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,837 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,644 |
| Advertising and promotion | $7,841 |
| Office expenses | $11,597 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,592 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $19,281 |
| All other expenses | $0 |
| Total functional expenses | $370,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,081 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $976 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,200 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,507 |
| Total assets | $100,764 |
| Accounts payable and accrued expenses | $9,286 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $14,880 |
| Other liabilities | $0 |
| Total liabilities | $24,166 |
| Net assets without donor restrictions | $76,598 |
| 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 | $100,764 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Keys 4 4 Kids Inc has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
Jamf Nation Global Foundation Minneapolis, MN PURPOSE: ARTS AND CULTURE | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Public Broadcasting Foundation Inc Madison, WI | $32,720,675 | $11,782,247 |
Wisconsin History Foundation Inc Madison, WI | $57,186,900 | $14,378,166 |
Oakleaf Endowment Tr Fbo Minnesota Orchestra 063097 Minneapolis, MN | $81,273,856 | $10,271,429 |
Overture Center Foundation Inc Madison, WI | $20,998,721 | $8,215,874 |
Friends Of South Dakota Public Broadcasting Sioux Falls, SD | $8,253,361 | $5,354,022 |
Overture Development Corporation Madison, WI | $128,656,351 | $0 |
Des Moines Metro Opera Foundation Inc Indianola, IA | $21,471,212 | $2,429,329 |
John R Vanderlip Trust Uw 5006 Nect Milwaukee, WI | $35,603,983 | $4,156,554 |
Block 100 Foundation Inc Middleton, WI | $18,901,451 | $2,662,277 |
Wisconsin Youth Symphony Orchestra Inc Madison, WI | $7,680,238 | $7,653,874 |
Anna K Meredith Endowment Trust Des Moines, IA | $55,269,901 | $36,939,022 |
Museum Of Art Foundation Davenport, IA | $28,471,006 | $5,676 |