Overview
What is Spare Key?
Spare Key is a compassionate nonprofit organization based in St. Paul, Minnesota, with a mission to aid families experiencing a medical crisis involving a critically ill or seriously injured family member. Regardless of the illness or injury, or the family's income level, Spare Key provides assistance through their Help Me Bounce platform, leveraging the power of crowdfunding to connect families in need with generous donors. Their commitment is to help families "bounce and not break," alleviating the stress, anxiety, and financial burden that often accompany such crises, enabling them to stay by their loved one's side. Spare Key operates with a small team of 7 dedicated individuals.
Official website here: www.sparekey.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Three Stars (85%)
Spare Key has earned an impressive 85% rating from Charity Navigator, reflecting its strong performance in accountability and financial health. With a perfect score of 100 in the Accountability & Finance category, Spare Key demonstrates a commitment to transparency and responsible management of resources. It boasts 100% independent board members, effective financial oversight, and robust policies in place to safeguard its mission and funds.
The organization focuses on providing crucial assistance to families facing financial hardship due to serious illness or injury. Its program expense ratio stands at 83.36%, indicating that a significant portion of its funding directly supports its mission. Additionally, Spare Key shows a strong cultural and community engagement score of 86, reinforcing its commitment to connecting with and supporting the families it serves.
Despite its strengths, the organization received a lower Impact & Measurement Score of 72, suggesting room for improvement in assessing its outcomes and effectiveness. While the impact evaluation score is moderate, the high measuring outcomes score indicates that Spare Key is actively working to enhance its evaluation processes. Overall, Spare Key is a well-managed nonprofit with clear strategic goals to expand its reach and improve the lives of families in need.
This AI summary has been generated from information found on Charity Navigator.
Is Spare Key legitimate?
Spare Key is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spare Key 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: $229,067
Professional Fundraising Fees: $0
Other Salaries and Wages: $237,977
For more financial information, click here
Official website here: www.sparekey.org
What is the mission statement of Spare Key?
Spare Key's mission is centered around assisting families dealing with a critically ill or seriously injured family member. Regardless of the illness or injury, the financial status, Spare Key aims to alleviate the stress, anxiety, and financial burden associated with a medical crisis. They accomplish this through their Help Me Bounce platform, leveraging the power of crowdfunding to connect families directly with donors. This initiative enables families to stay by their loved one's side, thus enabling them to 'bounce and not break.'
Official website here: www.sparekey.org
Who is the CEO of Spare Key?
Leanna Stefaniak is the Vice Preside of Spare Key.
Official website here: www.sparekey.org
What is the revenue of Spare Key?
Spare Key's revenue in 2022 was $997,882.
Official website here: www.sparekey.org
Who are the executives of Spare Key and what are their salaries?
The average compensation at Spare Key during 2022 was $66,721. There are 7 employees and 200 volunteers at Spare Key.
Here are 29 key members and their salaries:
- Compensation: $119,892
- Related: $0
- Other: $9,322
- Compensation: $88,850
- Related: $0
- Other: $11,003
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sparekey.org
Where can I find the form 990 for Spare Key?
Spare Key's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sparekey.org
Learn more at the official website: www.sparekey.org
Mission Statement of Spare Key
Spare Key, a nonprofit organization, is dedicated to extending a helping hand to families dealing with a critically ill or severely injured family member. Regardless of the illness or injury, the income level of the family does not matter. Spare Key's mission is to assist these families in "bouncing back" rather than breaking under the strain of the medical crisis. They accomplish this by leveraging the power of crowdfunding through their Help Me Bounce platform, connecting thousands of families directly to potential donors. By doing so, Spare Key aims to alleviate the stress, anxiety, and financial burden that often accompany medical emergencies, enabling families to stay by their loved one's side during their time of need.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Spare Key's impact can be seen in the tangible difference it makes in the lives of families facing a critically ill or seriously injured family member. By providing assistance regardless of the illness, injury, or income level, Spare Key helps these families "bounce and not break" during challenging times. Through their Help Me Bounce platform, which utilizes the power of crowdfunding to connect families directly to donors, Spare Key relieves the stress, anxiety, and financial burden associated with medical crises. Their commitment to keeping families together and supporting them through difficult circumstances showcases the profound impact they have on the community.
This information is meant to be a general summary of Spare Key. 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 2022.
- Investment Income: $20,425
- Gross Receipts: $1,339,660
Assets and Liabilities:
- Total Assets: $653,763
- Total Liabilities: $41,566
- Net Assets: $612,197
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1997
Phone
(952) 406-8872Principal Officer
Leanna Stefaniak
Main Address
480 BROADWAY ST, ST PAUL, MN, 55101
Website
www.sparekey.orgNTEE Category
Code: S20 - Community improvement
If you are a representative of Spare Key and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.