2021-11-09T09:33:03-06:00 2020-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2020-01-01 481278664 KESHET INC KESH 6175249227 284 AMORY STREET BOSTON MA 02130 LEONARD GOLDSTEIN CHIEF FINANCIAL OFFICER 6175249227 2021-11-09 1 LEONARD GOLDSTEIN 999009999 RICHARD J LOCASTRO CPA P00288314 3019519090 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z IDIT KLEIN 284 AMORY STREET BOSTON MA 02130 6208827 0 X WWW.KESHETONLINE.ORG X 2002 MA SEE PART III, LINE 1. 21 20 30 35 0 0 3394437 6166146 105043 42524 0 0 -79678 157 3419802 6208827 3900 0 0 0 1932825 2268613 0 0 535409 1036346 855339 2973071 3123952 446731 3084875 2268233 5356322 170722 173936 2097511 5182386 X KESHET WORKS FOR THE FULL EQUALITY OF ALL LGBTQ JEWS AND OUR FAMILIES IN JEWISH LIFE. WE STRENGTHEN JEWISH COMMUNITIES. WE EQUIP JEWISH ORGANIZATIONS WITH THE SKILLS AND KNOWLEDGE TO BUILD LGBTQ AFFIRMING COMMUNITIES; CREATE SPACES IN WHICH ALL QUEER JEWISH YOUTH FEEL SEEN AND VALUED; AND ADVANCE LGBTQ RIGHTS NATIONWIDE. 0 0 1002094 42524 EDUCATION AND TRAINING: KESHET PARTNERS WITH LEADERS OF NATIONAL AND LOCAL JEWISH ORGANIZATIONS SUCH AS SYNAGOGUES, DAY SCHOOLS, JCCS, YOUTH GROUPS, AND SUMMER CAMPS. WE TRAIN AND SUPPORT JEWISH EDUCATORS, CLERGY, PROGRAM STAFF, YOUTH, AND LAY LEADERS TO ENSURE THAT LGBTQ YOUTH, FAMILIES, AND STAFF ARE AFFIRMED IN ALL JEWISH EDUCATIONAL AND COMMUNITY SETTINGS. 957557 157 LEADERSHIP DEVELOPMENT FOR JEWISH LGBTQ TEENS: AT KESHET'S SHABBAT RETREATS, LGBTQ AND ALLY JEWISH TEENS ARE ABLE TO EXHALE; TO FIND THEIR PLACE AND THEIR VOICE AS EMERGING JEWISH LEADERS. TOGETHER, THEY BUILD MEANINGFUL FRIENDSHIPS, ENGAGE IN DEEP JEWISH LEARNING, AND RETURN HOME TO BUILD A WORLD WE CAN ALL BE PROUD OF. 267225 LGBTQ EQUALITY: KESHET IS LEADING THE JEWISH COMMUNITY TO STAND UP FOR LGBTQ RIGHTS. WE CALL ON THE JEWISH COMMUNITY TO FIGHT FOR LGBTQ JUSTICE AND TAKE ACTION COLLECTIVELY TO ADVANCE REAL BREAKTHROUGHS. WE MOBILIZE RABBIS, COMMUNITY LEADERS AND MEMBERS, SYNAGOGUES, YOUTH MOVEMENTS, AND JEWISH ADVOCACY ORGANIZATIONS TO AFFIRM, ON THE BIMAH AND IN THE STREETS, THAT FIGHTING FOR LGBTQ EQUALITY IS A JEWISH IMPERATIVE. 2226876 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 39 0 1 30 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 CA MA NY X X LEONARD GOLDSTEIN 6175249227 284 AMORY STREET BOSTON MA 02130 X IDIT KLEIN PRESIDENT 40.00 X X 187920 0 24036 SETH MARNIN CHAIR 2.00 X X 0 0 0 CARSON GLEBERMAN VICE-CHAIR 2.00 X X 0 0 0 NATHAN RENDER TREASURER 2.00 X X 0 0 0 TAMAR PRAGER SECRETARY 2.00 X X 0 0 0 RABBI LAURA ABRASLEY MEMBER 2.00 X 0 0 0 ANGEL ALVAREZ-MAPP MEMBER 2.00 X 0 0 0 ALYX BERNSTEIN MEMBER 2.00 X 0 0 0 AMY BORN MEMBER 2.00 X 0 0 0 ALAN COHEN MEMBER 2.00 X 0 0 0 GALI COOKS MEMBER 2.00 X 0 0 0 BENNETT DECKER MEMBER 2.00 X 0 0 0 OREN HENRY MEMBER 2.00 X 0 0 0 ROBERT HOLGATE MEMBER 2.00 X 0 0 0 LIANA KRUPP MEMBER 2.00 X 0 0 0 JOY LADIN MEMBER 2.00 X 0 0 0 MARC MAXWELL MEMBER 2.00 X 0 0 0 DEBORAH NEWBRUN MEMBER 2.00 X 1200 0 0 DARA PAPO MEMBER 2.00 X 0 0 0 JASON ROSENBERG MEMBER 2.00 X 0 0 0 RABBI BECKY SILVERSTEIN MEMBER 2.00 X 0 0 0 LEONARD GOLDSTEIN CHIEF FINANCIAL OFFICER 40.00 X 116243 0 16230 JAMES COHEN CHIEF DEVELOPMENT & COMMS. OFFICER 40.00 X 137700 0 16547 SUZANNE FEINSPAN CHIEF PROGRAM OFFICER 40.00 X 103291 0 18984 546354 0 75797 4 0 1 0 0 345536 5820610 13451 6166146 TRAINING & CONSULTING 900099 42524 42524 42524 157 0 157 157 6208827 42681 0 0 345629 178714 95380 71535 1490372 1081029 95493 313850 43259 32074 2070 9115 238947 169746 18878 50323 150406 103780 15041 31585 122840 95548 20760 6532 258748 207385 37184 14179 20873 15536 32 5305 92022 68093 3630 20299 34941 24534 9594 813 173407 124836 43355 5216 44819 43192 309 1318 17545 13417 252 3876 1536 1321 179 36 3928 2671 1257 EQUIPMENT 46868 32909 12868 1091 MERCHANT FEES 12505 8448 4057 MEMBERSHIP DUES & SUBS. 9474 9457 17 PROFESSIONAL DEVLPMT. 3649 3296 283 70 12184 10890 1045 249 3123952 2226876 361667 535409 1118238 2305979 1100291 2967505 466 37191 64489 132746 132746 0 0 12513 17883 2268233 5356322 170722 173936 170722 173936 X 749185 1612541 1348326 3569845 2097511 5182386 2268233 5356322 X 3084875 0 X 0 1 X 1 0 X 2877950 2438220 2285399 3394437 6166146 17162152 2877950 2438220 2285399 3394437 6166146 17162152 3108172 14053980 112913 163486 276399 16435 14438 3000 19733 53606 17492157 316320 0.80340 0.82850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20623 20623 0 112123 112123 0 0 X 6216701 7874 7874 6208827 0 6208827 3131826 7874 7874 3123952 0 3123952 PART X, LINE 2: FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019, KESHET HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. X X 1 1 X X X 0 0 0 0 0 0 0 1 0 IDIT KLEIN PRESIDENT 187191 0 729 0 0 0 7825 0 16211 0 211956 0 0 0 JAMES COHEN CHIEF DEVELOPMENT & COMMS. OFFICER 137700 0 0 0 0 0 6026 0 10521 0 154247 0 0 0 PART I, LINE 1A CEO HAS A DISCRETIONARY BUDGET LINE. EXPENSES ARE REVIEWED QUARTERLY BY THE BOARD TREASURER. OUR DIRECTOR OF EDUCATION & TRAINING IS A RABBI AND RECEIVES A "PARSONAGE ALLOWANCE." PART I, LINE 7 DURING THE YEAR, LEONARD GOLDSTEIN AND IDIT KLEIN RECEIVED BONUS COMPENSATION OF $867 & $729, RESPECTIVELY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE CHIEF EXECUTIVE OFFICER, THE CHIEF FINANCIAL OFFICER, AND THE FINANCE COMMITTEE. A DRAFT OF THE 990, WITH A REDACTED VERSION OF SCHEDULE B, WAS SENT TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT IS DISTRIBUTED TO ALL BOARD MEMBERS, OFFICERS AND SENIOR MANAGEMENT. ANNUALLY, ALL SUCH INDIVIDUALS SIGN CONFLICT CERTIFICATION STATEMENTS. UNLESS ENTERED INTO IN BAD FAITH, NO CONTRACT OTHER TRANSACTION BETWEEN THE CORPORATION AND ANY OTHER PERSON OR ORGANIZATION, AND NO ACT OF THE CORPORATION SHALL BE AFFECTED BY THE FACT THAT A DIRECTOR, OFFICER OR EMPLOYEE OF THE CORPORATION HAS A FINANCIAL OR OTHER INTEREST IN SUCH PERSON OR ORGANIZATION. WHERE A DIRECTOR HAS A FINANCIAL OR OTHER INTEREST IN SUCH PERSON OR ORGANIZATION, THE DIRECTOR MAKES REASONABLE EFFORTS TO DISCLOSE RELEVANT INFORMATION TO THE BOARD OF DIRECTORS AND NOT VOTE ON MATTERS RELATED TO SUCH INTEREST OR ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15A ALL ANNUAL COMPENSATION IS A PART OF THE ANNUAL BUDGET PROCESS. THE BOARD REVIEWS ALL COMPENSATION ARRANGMENTS EACH YEAR AS A PART OF THE BUDGET REVIEW AND APPROVAL PROCESS. COMPARABLE DATA IS USED IN THE COMPENSATION PROCESS FOR THE PRESIDENT. THIS PROCESS IS ALSO DISCUSSED AND DOCUMENTED. THE LAST COMPENSATION REVIEW TOOK PLACE IN DECEMBER 2019. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION FURNISHES ALL PUBLIC DOCUMENTS UPON REQUEST. IN ADDITION, THE PUBLIC CAN DOWNLOAD THESE DOCUMENTS FROM BOTH GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE FREE OF CHARGE. 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 VII, SECTION A, BOARD COMPENSATION: DEBORAH NEWBRUN RECEIVED COMPENSATION FOR SERVICES UNRELATED TO HER DUTIES AS A BOARD MEMBER. FORM 990, PART XI, LINE 9: ON APRIL 13, 2020, KESHET ENTERED INTO A TWO-YEAR PROMISSORY NOTE AGREEMENT IN THE AMOUNT OF $344,000 (WITH A 1% FIXED INTEREST RATE) UNDER THE PAYCHECK PROTECTION PROGRAM. THE PROMISSORY NOTE REQUIRED MONTHLY PRINCIPAL AND INTEREST PAYMENTS AMORTIZED OVER THE TERM OF THE PROMISSORY NOTE BEGINNING NOVEMBER 2020, UNLESS OTHERWISE FORGIVEN. UNDER THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT), THE PROMISSORY NOTE MAY BE FORGIVEN BY THE SMALL BUSINESS ADMINISTRATION IN WHOLE OR IN PART. ON APRIL 5, 2021, KESHET WAS NOTIFIED (BY THE SBA) THAT THE FULL OUTSTANDING PRINCIPAL AND ACCRUED INTEREST WAS FORGIVEN. ACCORDINGLY, AS OF DECEMBER 31, 2020 KESHET HAS RECOGNIZED THE ENTIRE AMOUNT OF $344,000 (PLUS $1,536 OF ACCRUED INTEREST) AS A CONDITIONAL AWARD (IN WHICH ALL CONDITIONS HAVE BEEN MET, AND RECORDED AS WITHOUT DONOR RESTRICTIONS). THE TOTAL AMOUNT OF THE FORGIVEN LOAN AND INTEREST IS INCLUDED IN GRANTS AND CONTRIBUTIONS INCOME.