Overview
What is Keystone Development Partnership?
Keystone Development Partnership is a nonprofit organization based in Harrisburg, Pennsylvania, specifically located at 600 NORTH 2ND STREET 2ND FL. Their primary mission is to foster and improve labor-management partnerships, engaging employees and employers to create workforce development solutions. This initiative aims to sustain economic growth in Pennsylvania. One of their notable programs is the Registered Apprenticeship Navigator, a one-year apprenticeship program launched in 2019. The program includes 2,000 hours of on-the-job training and 144 hours of related technical instruction. To date, Keystone Development Partnership has completed four cohorts, with over 100 apprentices enrolled. Graduates of this program become members of the Keystone Apprenticeship Alliance, a growing statewide network of intermediaries collaborating to expand apprenticeship opportunities in Pennsylvania.
Official website here: www.kdpworks.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star rating
Keystone Development Partnership holds an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. This high score is a reflection of their robust governance practices, including a board composed entirely of independent members, ensuring transparency and effective oversight.
The organization demonstrates exceptional financial efficiency, with a program expense ratio of 87.86%, meaning a significant majority of its funds are directed towards its programs rather than administrative costs. The lack of material diversion of assets further highlights their operational integrity, contributing to a solid financial standing with a liabilities to assets ratio of just 9.75%.
While the data reflects a well-managed nonprofit with strong policies in place, it is important for potential donors to consider the overall impact of their programs and any further insights into their community effectiveness, which were not addressed in the available ratings. Nonetheless, Keystone Development Partnership's strong financial practices and governance framework position it as a trustworthy organization for potential support.
This AI summary has been generated from information found on Charity Navigator.
Is Keystone Development Partnership legitimate?
Keystone Development Partnership is a legitimate nonprofit organization registered as a 501(c)(3) entity. Keystone Development Partnership submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $101,966
Professional Fundraising Fees: $0
Other Salaries and Wages: $350,473
For more financial information, click here
Official website here: www.kdpworks.org
What is the mission statement of Keystone Development Partnership?
The Keystone Development Partnership is committed to fostering or enhancing labor/management partnerships by engaging workers and their employers in creating workforce development solutions. This is done by leveraging necessary resources to ensure sustainable economic growth. The organization implements its Registered Apprenticeship Navigator, a one-year program that trains individuals to develop and manage apprenticeship programs. This program includes 2,000 hours of on-the-job training and 144 hours of related technical instruction. Since its inception in 2019, four Navigator cohorts have been completed, with over 100 apprentices enrolled, and a fifth cohort is currently underway. Graduates of the program become members of the Keystone Apprenticeship Alliance, a growing network of apprenticeship intermediaries collaborating to expand apprenticeship opportunities across the state.
Official website here: www.kdpworks.org
Who is the CEO of Keystone Development Partnership?
Angela Ferritto is the Principal Officer of Keystone Development Partnership.
Official website here: www.kdpworks.org
What is the revenue of Keystone Development Partnership?
Keystone Development Partnership's revenue in 2023 was $762,727.
Official website here: www.kdpworks.org
Who are the executives of Keystone Development Partnership and what are their salaries?
The average compensation at Keystone Development Partnership during 2023 was $64,634. There are 7 employees and 11 volunteers at Keystone Development Partnership.
Here are 16 key members and their salaries:
- Compensation: $101,739
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- Other: $0
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- Related: $80,824
- Other: $24,845
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- Related: $252,424
- Other: $31,510
- Compensation: $0
- Related: $114,945
- Other: $33,901
- Compensation: $0
- Related: $101,123
- Other: $42,041
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Official website here: www.kdpworks.org
Where can I find the form 990 for Keystone Development Partnership?
Keystone Development Partnership's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.kdpworks.org
Learn more at the official website: www.kdpworks.org
Mission Statement of Keystone Development Partnership
Keystone Development Partnership is committed to fostering or enhancing labor/management partnerships by engaging working individuals and their employers in creating workforce development solutions. By harnessing the necessary resources, this nonprofit organization aims to ensure sustainable economic growth for Pennsylvania.
In essence, Keystone Development Partnership serves as a bridge between employees and employers, facilitating the development and enhancement of partnerships that foster workforce development solutions. This approach is instrumental in fostering an environment that supports economic growth, ultimately benefiting the Commonwealth of Pennsylvania as a whole.
One of the key initiatives undertaken by Keystone Development Partnership is its Registered Apprenticeship Navigator program. This one-year apprenticeship program, registered in Pennsylvania and piloted in 2019, includes 2,000 hours of on-the-job training (OJT) and 144 hours of related technical instruction (RTI). The program, which has completed four Navigator cohorts to date and is currently conducting a fifth, has enrolled over 100 apprentices in its first five cohorts (2018-2023). Graduates of the program become members of the Keystone Apprenticeship Alliance (KAA), a growing statewide network of apprenticeship intermediaries collaborating to expand apprenticeship opportunities within Pennsylvania.
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Impact
August, 2024
Keystone Development Partnership's impact can be seen in the development and enhancement of labor/management partnerships, particularly in the field of workforce development in Pennsylvania. Through its initiatives, such as the Registered Apprenticeship Navigator program, Keystone Development Partnership is equipping individuals with the necessary skills and resources to thrive in the workforce. This not only benefits the individuals involved but also contributes to sustainable economic growth for the commonwealth. By enrolling over 100 apprentices in its cohorts and facilitating the formation of the Keystone Apprenticeship Alliance, Keystone Development Partnership is playing a vital role in expanding apprenticeship opportunities and strengthening the labor market in Pennsylvania.
This information is meant to be a general summary of Keystone Development Partnership. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $190,555
- Gross Receipts: $762,727
Assets and Liabilities:
- Total Assets: $613,705
- Total Liabilities: $59,874
- Net Assets: $553,831
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$190,555
Organization Details
Founding Year
2004
Phone
(717) 231-2840Principal Officer
Angela Ferritto
Main Address
600 NORTH 2ND STREET 2ND FL, HARRISBURG, PA, 17101
Website
www.kdpworks.orgNTEE Category
Code: J22 - Employment
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