Keystone Adventure School And Farm Inc
Keystone Adventure School And Farm Inc shows consistent asset growth and no reported officer compensation, despite recent minor operating deficits.
EIN: 202054693 · Edmond, OK · NTEE: B24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $1.3M |
| Transparency Score | 90/100 |
Is Keystone Adventure School And Farm Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Keystone Adventure School And Farm Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Keystone Adventure School And Farm Inc
Keystone Adventure School And Farm Inc (EIN: 202054693) is a nonprofit organization based in Edmond, OK, classified under NTEE code B24. The organization reported total revenue of $1.7M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Keystone Adventure School And Farm Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Keystone Adventure School And Farm Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-86,478 |
| Total Assets | $3.0M |
| Total Liabilities | $1.7M |
| Net Assets | $1.3M |
| Operating Margin | -7.4% |
| Debt-to-Asset Ratio | 56.4% |
| Months of Reserves | 28.6 months |
Financial Health Grade: C
In 2023, Keystone Adventure School And Farm Inc reported a deficit of $86K with expenses exceeding revenue, holds 28.6 months of operating reserves (strong position), has a debt-to-asset ratio of 56.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Keystone Adventure School And Farm Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.5% | -1.3% | -3.1% |
| 2022 | -5.6% | +12.4% | +97.3% |
| 2021 | -25.1% | -2.8% | +40.8% |
| 2020 | +34.2% | +2.0% | +115.5% |
| 2019 | +48.3% | +12.6% | +79.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Keystone Adventure School And Farm Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Keystone Adventure School And Farm Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $86K, with expenses exceeding revenue.
- Debt-to-asset ratio: 56.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly commendable for an organization of its size with assets nearing $3 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Keystone Adventure School And Farm Inc's IRS 990 filings:
- Increasing liabilities in recent years, reaching $1,679,106 in 2023.
- Operating deficit in the most recent fiscal period (2023), with expenses exceeding revenue by $86,478.
Strengths
The following positive indicators were identified for Keystone Adventure School And Farm Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating strong financial stewardship.
- Significant growth in assets, from $512,883 in 2019 to $2,976,952 in 2023.
- Stable revenue generation, consistently over $1 million in most recent years.
- Clear program focus as an educational institution (NTEE B24).
Frequently Asked Questions about Keystone Adventure School And Farm Inc
Is Keystone Adventure School And Farm Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Keystone Adventure School And Farm Inc (EIN: 202054693) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Keystone Adventure School And Farm Inc spend its money?
Keystone Adventure School And Farm Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Keystone Adventure School And Farm Inc tax-deductible?
Keystone Adventure School And Farm Inc is registered as a tax-exempt nonprofit (EIN: 202054693). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Keystone Adventure School And Farm Inc CEO make?
Keystone Adventure School And Farm Inc's highest-compensated officer earns $3 annually. The organization reported $1.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Keystone Adventure School And Farm Inc's spending goes to programs?
Keystone Adventure School And Farm Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Keystone Adventure School And Farm Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Keystone Adventure School And Farm Inc is above average for NTEE category B24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Keystone Adventure School And Farm Inc located?
Keystone Adventure School And Farm Inc is headquartered in Edmond, Oklahoma and files with the IRS under EIN 202054693. It is classified under NTEE code B24.
How many years of IRS 990 filings does Keystone Adventure School And Farm Inc have?
Keystone Adventure School And Farm Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.7M in total revenue.
Is Keystone Adventure School And Farm Inc a good charity?
Based on the available data, Keystone Adventure School And Farm Inc appears to be a good charity. It demonstrates strong financial management with growing assets, a clear program focus (implied by its name and NTEE code), and exceptional transparency regarding executive compensation (0% reported).
How has the organization's financial health changed over time?
The organization's financial health has generally improved, particularly in asset growth, which surged from $512,883 in 2019 to $2,976,952 in 2023. Revenue has fluctuated but remained substantial, and expenses have been managed effectively, though the most recent year showed a slight operating deficit.
What is the trend in liabilities for Keystone Adventure School And Farm Inc?
Liabilities have shown an increasing trend in recent years, rising from $37,500 in 2020 to $1,679,106 in 2023. While assets have grown significantly faster, this increase in liabilities warrants monitoring.
Filing History
IRS 990 filing history for Keystone Adventure School And Farm Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Keystone Adventure School And Farm Inc's revenue has grown by 53.3%, moving from $758K to $1.2M. Total assets increased by 1565.9% over the same period, from $179K to $3.0M. Total functional expenses rose by 64.3%, from $760K to $1.2M. In its most recent filing year (2023), Keystone Adventure School And Farm Inc reported a deficit of $86K, with expenses exceeding revenue. The organization holds $1.7M in liabilities against $3.0M in assets (debt-to-asset ratio: 56.4%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $3.0M | $1.7M | — | View 990 |
| 2022 | $1.3M | $1.3M | $3.1M | $1.7M | — | View 990 |
| 2021 | $1.4M | $1.1M | $1.6M | $222K | — | View 990 |
| 2020 | $1.9M | $1.2M | $1.1M | $38K | — | View 990 |
| 2019 | $1.4M | $1.1M | $513K | $145K | — | View 990 |
| 2018 | $934K | $1.0M | $286K | $167K | — | View 990 |
| 2017 | $995K | $990K | $268K | $74K | — | View 990 |
| 2016 | $953K | $954K | $369K | $180K | — | View 990 |
| 2015 | $938K | $975K | $378K | $188K | — | View 990 |
| 2014 | $1.1M | $926K | $523K | $296K | — | View 990 |
| 2013 | $788K | $834K | $151K | $116K | — | View 990 |
| 2012 | $714K | $739K | $209K | $128K | — | View 990 |
| 2011 | $758K | $760K | $179K | $73K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $3.0M (revenue -11.5% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.3M, and assets of $3.1M (revenue -5.6% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.1M, and assets of $1.6M (revenue -25.1% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.2M, and assets of $1.1M (revenue +34.2% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.1M, and assets of $513K (revenue +48.3% year-over-year).
- 2018: Revenue of $934K, expenses of $1.0M, and assets of $286K (revenue -6.2% year-over-year).
- 2017: Revenue of $995K, expenses of $990K, and assets of $268K (revenue +4.5% year-over-year).
- 2016: Revenue of $953K, expenses of $954K, and assets of $369K (revenue +1.5% year-over-year).
- 2015: Revenue of $938K, expenses of $975K, and assets of $378K (revenue -16.0% year-over-year).
- 2014: Revenue of $1.1M, expenses of $926K, and assets of $523K (revenue +41.8% year-over-year).
- 2013: Revenue of $788K, expenses of $834K, and assets of $151K (revenue +10.4% year-over-year).
- 2012: Revenue of $714K, expenses of $739K, and assets of $209K (revenue -5.8% year-over-year).
- 2011: Revenue of $758K, expenses of $760K, and assets of $179K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Keystone Adventure School And Farm Inc:
Data Sources and Methodology
This transparency report for Keystone Adventure School And Farm Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.