Kingsley Trust Association
- Assets
- $14.2m
- Revenue
- $756.9k
- Investments
- $0.0
- Employees
- 10
- Location
- New Haven, CT
- Founding
- 04/1927
- Data as of
- 05/2023
- EIN
- 06-0706508
Organization Overview
Kingsley Trust Association is located in New Haven, CT. The organization was established in 1927. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2023, Kingsley Trust Association employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kingsley Trust Association 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 05/2023, Kingsley Trust Association generated $756.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $631.1k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ACADEMIC SUPPORT; THE KINGSLEY TRUST ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION DEDICATED TO PROVIDING INTELLECTUAL AND CULTURAL IMPROVEMENT AND ACADEMIC ASSISTANCE FOR MEMBERS OF THE YALE UNIVERSITY COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION OPERATES SOLELY FOR THE BENEFIT OF YALE UNIV. BY SUPPORTING PROFESSORSHIPS, SCHOLARSHIPS, ACADEMIC PRIZES, PUBLICATIONS AND SCROLL & KEY,A SENIOR HONOR SOCIETY THAT OFFERS A FORMAL PROGRAM OF INTELLECTUAL EXPRESSION AND MENTORING BY DISTINGUISHED GRADUATES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard B Shavel President | OfficerTrustee | 1 | $0 |
Rebecca E Carter Vice President | OfficerTrustee | 1 | $0 |
Jeffrey A Mayer Secretary | OfficerTrustee | 1 | $0 |
Francisco Gonzalez-Scarano Treasurer | OfficerTrustee | 1 | $0 |
Michelle A Hackman Trustee | Trustee | 1 | $0 |
Benjamin S Solarz Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $329,252 |
| Noncash contributions included in lines 1a–1f | $28,767 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $329,252 |
| Total Program Service Revenue | $0 |
| Investment income | $374,485 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $53,200 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $756,937 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $30,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,632 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,151 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,099 |
| Fees for services: Accounting | $28,863 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,866 |
| Advertising and promotion | $0 |
| Office expenses | $26,436 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,667 |
| Travel | $3,980 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,642 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,518 |
| Insurance | $34,438 |
| All other expenses | $0 |
| Total functional expenses | $631,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,975 |
| Savings and temporary cash investments | $27,817 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,140,878 |
| Investments—publicly traded securities | $12,874,422 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,827 |
| Total assets | $14,226,919 |
| Accounts payable and accrued expenses | $45,094 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $45,094 |
| Net assets without donor restrictions | $14,181,825 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,226,919 |
Grants Awarded
Over the last fiscal year, Kingsley Trust Association has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF NEW HAVEN PURPOSE: COVID ASSISTANCE | $15,000 |
DOWNTOWN EVENING SOUP KITCHEN INC PURPOSE: FOOD ASSISTANCE | $5,000 |