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Keystone Academy Charter School

Earl Shorter

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Elementary, Secondary Education, K - 12 (B29) (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$13.7M (2023)

Expenses
$10.6M (2023)

Total Assets
$18.6M (2023)

Total Liabilities
$9.29M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,658,289
Expenses
$10,625,771
Net Income
$3,032,518
Net Assets
$9,315,685
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,838,534
28.1%
Program Services $9,562,772
70.0%
Investment Income $134,889
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,600
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $120,494
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $317,525
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $4,035,691
38.0%
Assets/Debt
Total Assets $18,605,988
Total Liabilities $9,290,303
Net Assets $9,315,685
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dr Claudia Lyles (Ceo) $221,296 $0 $96,228
Dr Kathryn Makar (Cao) $129,594 $0 $56,080
Ariselys Rolon Cruz (Educator) $107,193 $0 $37,796
Gretchen Alston (President) $0 $0 $0
Fred Phelps (Vice President) $0 $0 $0
Alma Diggs (Treasurer) $0 $0 $0
Angela Epperson (Secretary) $0 $0 $0
Marie Mccarthy (Member) $0 $0 $0
Tina Peterson (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,998,666
Expenses
$9,744,745
Net Income
$2,253,921
Net Assets
$6,141,456
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,433,944
20.3%
Program Services $9,473,008
79.0%
Investment Income $805
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $90,909
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $351,522
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $3,618,915
37.1%
Assets/Debt
Total Assets $15,980,070
Total Liabilities $9,838,614
Net Assets $6,141,456
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dr Claudia Lyles (Ceo) $234,257 $0 $84,868
Dr Kathryn Makar (Principal) $117,265 $0 $50,313
Gretchen Alston (President) $0 $0 $0
Fred Phelps (Vice President) $0 $0 $0
Marie Mccarthy (Member) $0 $0 $0
Alma Diggs (Treasurer) $0 $0 $0
Tina Peterson (Member) $0 $0 $0
Dr Anthony Stevenson (Secretary) $0 $0 $0
Dina Hernandez (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,802,019
Expenses
$8,710,404
Net Income
$2,091,615
Net Assets
$4,028,081
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,234,050
11.4%
Program Services $9,513,030
88.1%
Investment Income $2,675
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $52,264
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $208,812
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $3,297,551
37.9%
Assets/Debt
Total Assets $14,666,920
Total Liabilities $10,638,839
Net Assets $4,028,081
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dr Claudia Lyles (Ceo) $208,812 $0 $84,474
Dr Kathryn Makar (Principal) $113,198 $0 $49,021
Gretchen Alston (President) $0 $0 $0
Fred Phelps (Vice President) $0 $0 $0
Marie Mccarthy (Secretary) $0 $0 $0
Alma Diggs (Treasurer) $0 $0 $0
Tina Peterson (Member) $0 $0 $0
Dr Anthony Stevenson (Member) $0 $0 $0
Dina Hernandez (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,432,084
Expenses
$9,082,007
Net Income
$1,350,077
Net Assets
$1,977,308
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,773,411
17.0%
Program Services $8,517,960
81.7%
Investment Income $43,464
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $97,249
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $202,863
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $3,364,992
37.1%
Assets/Debt
Total Assets $11,676,281
Total Liabilities $9,698,973
Net Assets $1,977,308
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dr Claudia Lyles (Ceo) $202,863 $0 $79,275
Dr Kathryn Makar (Principal) $107,208 $0 $45,970
Gretchen Alston (President) $0 $0 $0
Fred Phelps (Vice President) $0 $0 $0
Marie Mccarthy (Secretary) $0 $0 $0
Howard Randolph (Member) $0 $0 $0
Alma Diggs (Treasurer) $0 $0 $0
Tina Peterson (Member) $0 $0 $0
Dr Anthony Stevenson (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,522,545
Expenses
$9,025,298
Net Income
$1,497,247
Net Assets
$566,645
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,889,113
18.0%
Program Services $8,462,956
80.4%
Investment Income $25,087
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $145,389
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $193,469
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,933,746
32.5%
Assets/Debt
Total Assets $10,526,569
Total Liabilities $9,959,924
Net Assets $566,645
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dr Claudia Lyles (Ceo) $193,469 $0 $68,121
Gretchen Alston (President) $0 $0 $0
Fred Phelps (Vice President) $0 $0 $0
Marie Mccarthy (Secretary) $0 $0 $0
Howard Randolph (Member) $0 $0 $0
Alma Diggs (Treasurer) $0 $0 $0
Tina Peterson (Member) $0 $0 $0
Dr Anthony Stevenson (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,648,555
Expenses
$7,750,528
Net Income
$898,027
Net Assets
-$1,045,737
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,608,217
18.6%
Program Services $6,928,517
80.1%
Investment Income $1,589
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $110,232
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $184,696
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,645,387
34.1%
Assets/Debt
Total Assets $8,544,068
Total Liabilities $9,589,805
Net Assets -$1,045,737
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dr Claudia Lyles (Ceo) $184,696 $0 $71,809
Gretchen Alston (President) $0 $0 $0
Fred Phelps (Vice President) $0 $0 $0
Marie Mccarthy (Secretary) $0 $0 $0
Howard Randolph (Member) $0 $0 $0
Alma Diggs (Treasurer) $0 $0 $0
Tina Peterson (Member) $0 $0 $0
Dr Anthony Stevenson (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,111,117
Expenses
$7,346,284
Net Income
$764,833
Net Assets
-$1,643,113
Notable Sources of Revenue Percent of Total Revenue
Contributions $711,877
8.8%
Program Services $7,065,764
87.1%
Investment Income $442
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $333,034
4.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $180,048
2.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,345,091
31.9%
Assets/Debt
Total Assets $7,452,559
Total Liabilities $9,095,672
Net Assets -$1,643,113
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dr Claudia Lyles (Ceo) $180,048 $0 $62,014
Gretchen Alston (President) $0 $0 $0
Fred Phelps (Vice President) $0 $0 $0
Marie Mccarthy (Secretary) $0 $0 $0
Howard Randolph (Member) $0 $0 $0
Alma Diggs (Treasurer) $0 $0 $0
Tina Peterson (Member) $0 $0 $0
Christine Godfrey (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,380,537
Expenses
$5,501,772
Net Income
$878,765
Net Assets
-$2,396,144
Notable Sources of Revenue Percent of Total Revenue
Contributions $601,565
9.4%
Program Services $5,676,263
89.0%
Investment Income $15,807
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $86,902
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $183,047
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $2,065,245
37.5%
Assets/Debt
Total Assets $5,553,036
Total Liabilities $7,949,180
Net Assets -$2,396,144
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dr Claudia Lyles (Ceo) $183,047 $0 $56,143
Gretchen Alston (President) $0 $0 $0
Fred Phelps (Vice President) $0 $0 $0
Marie Mccarthy (Secretary) $0 $0 $0
Howard Randolph (Member) $0 $0 $0
Alma Diggs (Treasurer) $0 $0 $0
Tina Peterson (Member) $0 $0 $0
Christine Godfrey (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,091,757
Expenses
$5,500,973
Net Income
$590,784
Net Assets
-$3,282,430
Notable Sources of Revenue Percent of Total Revenue
Contributions $441,019
7.2%
Program Services $5,578,254
91.6%
Investment Income $16,090
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $56,394
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $165,008
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,051,218
37.3%
Assets/Debt
Total Assets $5,346,036
Total Liabilities $8,628,466
Net Assets -$3,282,430
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dr Claudia Lyles (Ceo) $165,008 $0 $45,673
Gretchen Alston (President) $0 $0 $0
Fred Phelps (Vice President) $0 $0 $0
Marie Mccarthy (Secretary) $0 $0 $0
Chad Nicklas (Treasurer) $0 $0 $0
Alma Diggs (Member) $0 $0 $0
Tina Peterson (Member) $0 $0 $0
Christine Godfrey (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,262,171
Expenses
$4,781,131
Net Income
$481,040
Net Assets
$1,950,077
Notable Sources of Revenue Percent of Total Revenue
Contributions $382,116
7.3%
Program Services $4,824,136
91.7%
Investment Income $15,999
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $39,920
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $201,820
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,902,933
39.8%
Assets/Debt
Total Assets $2,781,949
Total Liabilities $831,872
Net Assets $1,950,077
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dr Claudia Lyles (Ceo) $125,222 $0 $22,896
Alma Diggs (President) $0 $0 $0
Fred Phelps (Vice President) $0 $0 $0
Chad Nicklas (Secretary) $0 $0 $0
Gretchen Alston (Treasurer) $0 $0 $0
Christine Godrey (Member) $0 $0 $0
Tina Peterson (Member) $0 $0 $0
Marie Mccarthy (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,506,281
Expenses
$4,370,311
Net Income
$135,970
Net Assets
$1,468,368
Notable Sources of Revenue Percent of Total Revenue
Contributions $333,235
7.4%
Program Services $4,155,109
92.2%
Investment Income $15,947
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,990
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $250,892
5.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,843,175
42.2%
Assets/Debt
Total Assets $2,114,347
Total Liabilities $645,979
Net Assets $1,468,368

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,184,138
Expenses
$4,333,193
Net Income
-$149,055
Net Assets
$1,306,881
Notable Sources of Revenue Percent of Total Revenue
Contributions $255,830
6.1%
Program Services $3,903,842
93.3%
Investment Income $19,095
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,371
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $135,076
3.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,982,010
45.7%
Assets/Debt
Total Assets $1,910,290
Total Liabilities $603,409
Net Assets $1,306,881

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,090,145
Expenses
$3,851,431
Net Income
$238,714
Net Assets
$1,423,066
Notable Sources of Revenue Percent of Total Revenue
Contributions $510,574
12.5%
Program Services $3,568,054
87.2%
Investment Income $8,317
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,200
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $203,289
5.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,725,951
44.8%
Assets/Debt
Total Assets $1,831,382
Total Liabilities $408,316
Net Assets $1,423,066

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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