Kingsley Trust Association
- Assets
- $14.9m
- Revenue
- $294.2k
- Investments
- $0.0
- Employees
- 8
- Location
- New Haven, CT
- Founding
- 04/1927
- Data as of
- 05/2022
- 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 05/2022, Kingsley Trust Association employed 8 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 05/2022, Kingsley Trust Association generated $294.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $578.5k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 years. 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
2022
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 Secretary | OfficerTrustee | 1 | $0 |
Daniel D Graves Vice President | OfficerTrustee | 1 | $0 |
Sarah Russell President | OfficerTrustee | 1 | $0 |
Caroline Johnston Treasurer | OfficerTrustee | 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 | $250,933 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $250,933 |
| Total Program Service Revenue | $0 |
| Investment income | $43,245 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $294,178 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $29,550 |
| 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 | $123,993 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,365 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,577 |
| Fees for services: Accounting | $29,032 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,559 |
| Advertising and promotion | $0 |
| Office expenses | $26,572 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $89,550 |
| Travel | $9,191 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,082 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,143 |
| Insurance | $30,748 |
| All other expenses | $0 |
| Total functional expenses | $578,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,148 |
| Savings and temporary cash investments | $88,047 |
| 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 | $1,218,398 |
| Investments—publicly traded securities | $13,444,349 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,827 |
| Total assets | $14,881,769 |
| Accounts payable and accrued expenses | $64,126 |
| 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 | $64,126 |
| Net assets without donor restrictions | $14,817,643 |
| 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 | $14,881,769 |
Grants Awarded
Over the last fiscal year, Kingsley Trust Association has awarded $40,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
New Haven, CT PURPOSE: COVID ASSISTANCE | $15,000 |
New Haven, CT PURPOSE: COVID ASSISTANCE | $15,000 |
New Haven, CT PURPOSE: FOOD ASSISTANCE | $5,000 |
New Haven, CT PURPOSE: FOOD ASSISTANCE | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kingsley Trust Association has recieved totaling $8,100.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $8,100 |
Endowment Analysis
| Beg. Balance | $16,022,980 |
| Earnings | -$877,859 |
| Admin Expense | $26,470 |
| Net Contributions | $250,933 |
| Other Expense | $522,391 |
| Grants | $29,550 |
| Ending Balance | $14,817,643 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dyouville College Buffalo, NY | $237,922,794 | $97,566,880 |
University Of Saint Joseph West Hartford, CT | $138,052,246 | $93,452,182 |
Mount Saint Mary College Newburgh, NY | $218,302,494 | $87,358,285 |
American International College Springfield, MA | $97,977,130 | $85,156,875 |
College Of New Rochelle New Rochelle, NY | $77,421,794 | $73,143,804 |
New England Conservatory Of Music Boston, MA | $251,412,598 | $68,675,147 |
Roberts Wesleyan University Rochester, NY | $131,385,408 | $61,007,244 |
Dominican College Of Blauvelt N Y Orangeburg, NY | $75,157,140 | $60,983,809 |
Sisters Of Saint Ann Anna Maria College Paxton, MA | $54,188,559 | $53,756,555 |
Cornell University Foundation Ithaca, NY | $179,755,016 | $29,213,548 |
Elmira College Elmira, NY | $122,975,141 | $39,621,630 |
Americans For Oxford Inc New York, NY | $27,457,394 | $43,472,852 |