2021 Keystone Science School Annual Report

2021 FINANCIAL SUMMARY
Keystone Science School’s financials for 2021 showcase the dedicated work the of Board of Directors and staff
team to restart programming and to maintain a strong financial position as the pandemic endured.
In 2020, total revenue fell to $1.86 million from a pre-pandemic budget goal of over $3.4 million due to
pandemic imposed programmatic cancellations. Our donor and funder community ensured that our mission
thrived in 2020 through giving above and beyond their typical annual gifts and with allowing flexibility for KSS
to release restricted funding to combat the pandemic. In 2021, our donor and funder community remained
steadfast in protecting our mission through giving gifts that matched their pre-pandemic contributions which
totaled $1.12 million.
Keystone Science School also secured needed funding from the federal Payroll Protection Program and the
Employee Retention Tax Credit. The combination of donated funds and federal relief funding was pivotal in our
ability to rehire our staff team and to begin to relaunch programs.
We are a people organization. Our programs are as strong as our staff who write and teach the curricula that
inspires youth to appreciate the outdoors and to be curious learners. Thanks to their work and expertise, we
saw a significant increase in fee-for-service revenue as we restarted our residential overnight and adventure
camp programs. Social distancing restrictions continued to curb the capacity of these programs in 2021. A
smaller but still significant contributor to revenue increases was the relaunch of our Education Program’s
residential science field trips in the fall. Restarting these programs contributed to an increase of program
revenue from $365k in 2020, to $1.2M in 2021.
A full and dedicated Customer Experience and Programs Team launched our 2022 Camp Program ‘Early Bird’
registration in November. Parents and campers were eager to plan their 2022 summers with Keystone Science
School and over $600k in deferred revenue was collected. A new record was set in 2021 for summer camp ‘Early
Bird’ registrations that totaled 765 registrations from 2019’s ‘Early Bird’ registrations of 156.
It was a year of rebuilding our staff team and restarting our efforts from the deepest impacts of the pandemic.
We thank you for helping to rebuild our foundation. Without our dedicated community of supporters like you
these successes would not have been possible.
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