Stone Trust Corporation
- Assets
- $9.5m
- Revenue
- $740.6k
- Investments
- $6.6m
- Employees
- 0
- Location
- Madison, CT
- Founding
- 01/1963
- Data as of
- 08/2023
- EIN
- 06-0552923
Organization Overview
Stone Trust Corporation is located in Madison, CT. The organization was established in 1963. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stone Trust Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Stone Trust Corporation generated $740.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $313.1k during the year ending 08/2023. While expenses have increased by 2.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A FORUM FOR THE EXERCISE OF STUDENT'S INTELLIGENCE AND THE FORMATION OF THEIR CHARACTER IN THE PRESENCE OF CONTEMPORARY STUDENTS AND WITH THE ADVICE OF FACULTY MEMBERS AS WELL AS OUTSIDE SPEAKERS HAVING MANY DIVERSE INTERESTS AND BACKGROUNDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Hullar President | 1 | $0 | |
Edward Barlow President Emeritus | 1 | $0 | |
James Greer President Emeritus | 1 | $0 | |
Evan Wax Vice President, Treasurer | 1 | $0 | |
Selene Oh Vice President, Secretary | 1 | $0 | |
Aaron Zelinsky Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $359,481 |
| Interest on Savings | $0 |
| Dividends & Interest | $209,286 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $171,795 |
| Capital Gain Net Income | $171,795 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $740,562 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42,460 |
| Depreciation | $48,600 |
| Occupancy | $10,368 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $9,093 |
| Other expenses | $188,005 |
| Total operating and administrative expenses | $313,056 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $313,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,112,559 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $22,800 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,980 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,613,480 |
| Net Land, buildings, and equipment | $704,321 |
| Other assets | $0 |
| Total assets | $9,477,140 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Stone Trust Corporation has awarded $10,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
YALE UNIVERSITY PURPOSE: FUNDING RESEARCH FOR JUNIOR FACULTY (ARTHUR GREER PRIZE) | $10,000 |
YALE UNIVERSITY PURPOSE: FUNDING FOR LIBRARY | $500 |