2024-04-12T16:05:46-05:00 2023-05-31 203992693 RANDY WALKER & CO 7800 IH 10 WEST STE 505 SAN ANTONIO TX 78230 990 2022-06-01 741193337 KEYSTONE SCHOOL KEYS 2107354022 119 E CRAIG PLACE SAN ANTONIO TX 78212 MICHAEL FLYNN CHIEF FINANCIAL OFFICER 2107354022 2024-04-12 1 MICHAEL FLYNN 999009999 1 RANDY L WALKER CPA P00963779 2103669430 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL FLYNN 119 E CRAIG PLACE SAN ANTONIO TX 78212 11954486 0 X WWW.KEYSTONESCHOOL.ORG X 1955 TX EDUCATIONAL 17 17 163 0 0 0 921092 426626 10984232 11242142 19297 109700 84697 144570 12009318 11923038 620132 597479 0 0 7722008 8368360 0 0 261989 2450862 2913643 10793002 11879482 1216316 43556 14728290 15066117 1814112 2120831 12914178 12945286 PROVIDE AN ACCELERATED AND ENRICHED COLLEGE-PREPARATORY EDUCATION FOR STUDENTS IN GRADES K-12. PROVIDE PRE-K EDUCATIONAL SERVICE FOR 3 AND 4 YEAR-OLD CHILDREN. 0 0 9413488 597479 11242142 PROVIDED AN ACCELERATED AND ENRICHED COLLEGE-PREPARATORY EDUCATION FOR APPROXIMATELY 435 STUDENTS OF ABOVE AVERAGE ACADEMIC ABILITY AND MOTIVATION IN GRADES K-12. PROVIDE PRE-K EDUCATIONAL SERVICE TO APPROXIMATELY 65 THREE AND FOUR YEAR-OLD CHILDREN. 9413488 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 11 0 1 163 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X MICHAEL FLYNN 2107354022 119 E CRAIG PLACE SAN ANTONIO TX 78212 RAMON FLORES MEMBER 1.00 X 0 0 0 VISTORIA SHUM MEMBER 1.00 X 0 0 0 ANNIE KIZILBASH MEMBER 1.00 X 0 0 0 CARLA KATSELNIK MEMBER 1.00 X 0 0 0 TRACEY SMITH MEMBER 1.00 X 0 0 0 ZINA WORMLEY MEMBER 2.00 X 0 0 0 TIM VU MEMBER 1.00 X 0 0 0 LAURA O'DONNELL MEMBER 1.00 X 0 0 0 GEORGE PEDRAZA MEMBER 1.00 X 0 0 0 AURELIO PRIFITERA MEMBER 1.00 X 0 0 0 ROSE PARHAM MEMBER 1.00 X 0 0 0 SAKSHI MALHOTRA MEMBER 1.00 X 0 0 0 GURPAUL SINGH MEMBER 1.00 X 0 0 0 KUMAR REDDY MEMBER 1.00 X 0 0 0 WASIF LATIF CHAIRMAN 1.00 X X 0 0 0 MICHAEL FISCHER TREASURER 1.00 X X 0 0 0 HAROLD ZUFLACHT SECRETARY 1.00 X X 0 0 0 WILLIAM B HANDMAKER HEAD OF SCHOOL 40.00 X 285772 0 7801 MICHAEL FLYNN CFO 40.00 1.00 X 156059 0 14279 441831 0 22080 2 0 1 0 0 426626 426626 TUITION & FEES 611710 10644118 10644118 AFTER SCHOOL CARE 611710 301959 301959 STUDENT ACTIVITIES 611710 296065 296065 11242142 109700 109700 19581 19581 78186 31448 46738 46738 MISCELLANEOUS INCOME 611600 49193 49193 INSURANCE PROCEEDS 611600 29058 29058 78251 11923038 11242142 0 254270 597479 597479 447083 342691 99609 4783 5794859 4442120 1290752 61987 1645884 1259785 368406 17693 480534 367809 107560 5165 184490 73981 33153 77356 32149 19273 12876 139505 7336 68399 63770 152313 144697 7616 24634 23425 1209 76763 62600 14163 18389 18389 586676 561106 25570 104661 99428 5233 STUDENT ACTIV. & SUPP. 1053102 1037750 7908 7444 BUILDING & GROUNDS 236914 221134 15780 TELEPHONE, PAGING, MISC 199044 172147 15982 10915 CAMPUS PLANNING 105003 105003 11879482 9413488 2204005 261989 1284554 958541 4363828 4942788 14675 25312 282293 283833 24781 57470 13843759 6899603 7123331 6944156 1187096 1181798 447732 672219 14728290 15066117 721051 778911 890986 945871 189078 150130 12997 245919 1814112 2120831 X 11961797 11980617 952381 964669 12914178 12945286 14728290 15066117 43556 -7189 -5259 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 952381 12288 8043 8043 964669 921658 30723 8396 8396 952381 882047 61091 255510 21480 255510 921658 872078 9969 35582 35582 882047 721050 151028 26694 26694 872078 0.00000 1.00000 0.00000 1 0 858457 858457 11133443 5652681 5480762 1684053 1246922 437131 167806 167806 6944156 ENDOWMENT 1181798 F 1181798 STUDENT ACTIVITY FUNDS - PAYABLE 13020 FINANCE LEASE PAYABLE 232899 245919 11318370 -7189 -597479 -604668 11923038 0 11923038 11282003 0 11282003 597479 597479 11879482 PART III, LINE 4: PHILLIP KING SIGNED SCULPTURE ENTITLED "DARWIN" DISPLAYED IN FRONT OF THE SCIENCE BUILDING. PART V, LINE 4: IN 1995, THE SCHOOL RECEIVED A $250,000 PERPETUALLY RESTRICTED ENDOWMENT FUND THAT IS BEING ADMINISTERED BY THE SAN ANTONIO AREA FOUNDATION. EACH YEAR THE SCHOOL HAS THE RIGHTS TO DISTRIBUTIONS OF THE NET INCOME FROM THE FUND TO BE USED EXCLUSIVELY FOR EXPENSES RELATED TO THE EDWIN W. EARGLE LIBRARY. IN 2018, THE SCHOOL RECEIVED AN ADDITIONAL $7,000 IN PERPETUALLY RESTRICTED ENDOWMENT GIFTS. OTHER PERPETUALLY RESTRICTED ENDOWMENT GIFTS TOTALING $464,050 WERE RECEIVED PRIOR TO THE YEAR ENDED MAY 31, 2018. THE SCHOOL HAS THE RIGHTS TO EARNINGS FROM THESE GIFTS TO BE USED EXCLUSIVELY FOR TEACHER SUPPORT AND STUDENT ASSISTANCE. THE SCHOOL RECEIVED $12,288 AND $30,723 IN PERPETUALLY RESTRICTED ENDOWMENT GIFTS FOR THE YEARS ENDED MAY 31, 2023 AND 2022, RESPECTIVELY. OTHER PERPETUALLY RESTRICTED ENDOWMENT GIFTS TOTALING $139,517 WERE RECEIVED PRIOR TO THE YEAR ENDED MAY 31, 2021. THE SCHOOL HAS THE RIGHTS TO THE EARNINGS FROM THESE GIFTS TO BE USED EXCLUSIVELY FOR LOWER SCHOOL FINANCIAL AID. THE PRIMARY INVESTMENT OBJECTIVE IS TO EARN AN AVERAGE ANNUAL RETURN AT LEAST EQUAL TO THE NOMINAL SPENDING RATE POLICY PLUS THE RATE OF INFLATION PLUS AN ADDITIONAL RETURN OF 2%, NET OF ALL FEES, INCLUDING MANAGEMENT ADVISORY FEES AND CUSTODY CHARGES, OVER THE LONG TERM (DEFINED AS ROLLING FIVE-YEAR PERIODS). THIS IS CONSISTENT WITH THE SCHOOL'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM, AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION DISCOUNTS -597,479. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 597,479. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY IN A SAN ANTONIO NEWSPAPER AT LEAST ONCE A YEAR. THE SCHOOL ALSO INCLUDES ITS POLICY IN OTHER ADVERTISEMENTS, REGARDLESS OF MEDIA, AND IN ITS APPLICATIONS. SPECIAL EVENTS 78186 78186 31448 78186 78186 31448 31448 46738 1 FINANCIAL AID 45 597479 PART I, LINE 2: A FINANCIAL AID APPLICANT COMPLETES THE FORMS REQUIRED BY THE THIRD PARTY FINANCIAL AID EVALUATION FIRM FAST. THE COMPLETED FORMS ARE SUBMITTED DIRECTLY TO FAST FOR DETERMINATION OF THEIR RECOMMENDATION OF THE AMOUNT A FAMILY IS ABLE TO PAY. OUR FINANCIAL AID COMMITTEE (ADMISSIONS DIRECTOR, BUSINESS MANAGER, AND HEADS OF LOWER, MIDDLE, AND UPPER SCHOOL) REVIEWS THE RECOMMENDATION OF FAST BEFORE ISSUING A FINANCIAL AID OFFER. WE USE OUR KNOWLEDGE OF THE FAMILY TO MAKE THE FINAL DETERMINATION. WE BELIEVE THAT OUR POLICY ALLOWS US TO ACCEPT PARTIAL PAYING STUDENTS WITHOUT REQUIRING FULL PAYING STUDENTS TO SUBSIDIZE THEM. OUR MISSION INCLUDES MAKING KEYSTONE AVAILABLE TO ALL PARTS OF THE COMMUNITY. WE BELIEVE THAT ECONOMIC DIVERSITY IS AN IMPORTANT TRAIT FOR KEYSTONE. OUR ANNUAL BUDGET FOR FINANCIAL AID EXCEEDS $500,000. WE NORMALLY RECEIVE $150,000 OR LESS IN GRANTS DESIGNATED FOR FINANCIAL AID. 1 X X X X X 0 0 0 0 0 0 0 0 0 WILLIAM B HANDMAKER HEAD OF SCHOOL 285772 0 0 0 0 0 7801 0 0 0 293573 0 0 0 MICHAEL FLYNN CFO 125859 0 30200 0 0 0 14279 0 0 0 170338 0 0 0 22045 DISCOUNTED TUITION EMPLOYEE DISCOUNT SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION KEYSTONE SCHOOL 119 E. CRAIG PLACE SAN ANTONIO, TX 78212 EMPLOYER IDENTIFICATION NUMBER: 74-1193337 FOR THE YEAR ENDING MAY 31, 2023 KEYSTONE SCHOOL IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F). FORM 990, PART VI, SECTION B, LINE 11B PART A: THE FORM 990 IS FIRST REVIEWED BY THE FINANCE COMMITTEE, AND THEN BY THE ENTIRE BOARD OF DIRECTORS AT AN ANNUAL BOARD MEETING PRIOR TO SUBMITTING THE FORM FOR REPORTING PURPOSES. AT THE ANNUAL BOARD MEETING, ALL TRUSTEES AND DIRECTORS ARE ALLOWED TO REVIEW THE FORM 990 AND ASK ANY QUESTIONS THAT MAY ARISE. THE FINAL APPROVED FORM 990 IS THEN SUBMITTED TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS & ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL VERIFICATION DOCUMENT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE, SERVING AS THE COMPENSATION COMMITTEE, USES THE NONPROFIT INFORMATION SERVICE COMPANY, GUIDESTAR USA, INC., TO COMPILE INFORMATION REGARDING COMPARABLE COMPENSATION FOR NONPROFIT SCHOOLS. FURTHER, THE ORGANIZATION USES COMPENSATION REPORTS FROM AN ANNUAL SURVEY CONDUCTED BY THE INDEPENDENT SCHOOLS ASSOCIATION OF THE SOUTHWEST (ISAS), AND DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS) STATSONLINE SERVICE IN DETERMINING THE SALARY COMPONENTS OF ALL CONTRACTS. THE BOARD OF DIRECTORS REVIEW AND APPROVE COMPENSATION FOR TOP MANAGEMENT OFFICIALS, OTHER OFFICERS AND KEY EMPLOYEES. THE LAST COMPENSATION REVIEW WAS PERFORMED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S PROCESS FOR ASSUMING RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR HAVE NOT CHANGED FROM THE PRIOR YEAR. KEYSTONE SCHOOL SUPPORT FUND 119 E CRAIG PLACE SAN ANTONIO TX 78212 205913962 SUPPORTING ORGANIZATION TO KEYSTONE SCHOOL TX 501(C)(3) 509(A)(3) TYPE I N/A 0 ISAS GROUP BENEFITS TRUST 12712 PARK CENTRAL DR STE 100 DALLAS TX 752511527 731366012 VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION (VEBA) TX 501(C)(9) N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 ISAS GROUP BENEFITS TRUST R 503984 CASH