Trustees Of Colt Bequest Inc
- Assets
- $74.0m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 11
- Location
- Hartford, CT
- Founding
- 11/1934
- Data as of
- 09/2021
- EIN
- 06-6026009
Organization Overview
Trustees Of Colt Bequest Inc is located in Hartford, CT. The organization was established in 1934. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. As of 09/2021, Trustees Of Colt Bequest Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustees Of Colt Bequest Inc 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 09/2021, Trustees Of Colt Bequest Inc generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $1.9m during the year ending 09/2021. While expenses have increased by 4.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION, RESTORATION, MAINT., REPAIR AND IMPROVEMENT OF ARMSMEAR, THE CHURCH OF THE GOOD SHEPHERD & ITS RECTORY,& THE C.H. COLT MEMORIAL PARISH HOUSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION, RESTORATION, MAINTENANCE AND REPAIR OF THE CHURCH OF THE GOOD SHEPHERD, ITS RECTORY AND THE CALDWELL H. COLT MEMORIAL PARISH HOUSE.
PRESERVATION, RESTORATION, MAINTENANCE, REPAIR AND IMPROVEMENT OF ARMSMEAR, A RESIDENCE FOR WIDOWS OF EPISCOPAL CLERGY, AND OTHER IMPOVERISHED BUT REFINED AND EDUCATED GENTLEWOMEN OF FAITH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Melinda Schoen Exec Director | Officer | 40 | $178,883 |
Ms Gillian R Howell President/trustee | OfficerTrustee | 1 | $0 |
Mr David Neal Vice President/trustee | OfficerTrustee | 1 | $0 |
Ms Claire Burnett Secretary/trustee | OfficerTrustee | 1 | $0 |
Mr Gerald Hess Treasurer/trustee | OfficerTrustee | 1 | $0 |
Ms Lori Donadio Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
G L Capasso Inc Restoration | 9/29/21 | $348,120 |
Security Services Of Ct Inc Security | 9/29/21 | $181,315 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $953,527 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,695,542 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,649,069 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $207,696 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $179,206 |
| Compensation of current officers, directors, key employees. | $134,405 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $244,940 |
| Pension plan accruals and contributions | $67,183 |
| Other employee benefits | $96,195 |
| Payroll taxes | $30,132 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,313 |
| Fees for services: Accounting | $35,153 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $211,799 |
| Advertising and promotion | $0 |
| Office expenses | $27,956 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $179,102 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,978 |
| Insurance | $43,086 |
| All other expenses | $32,385 |
| Total functional expenses | $1,893,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $358,404 |
| 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 | $9,877 |
| Net Land, buildings, and equipment | $1,060,648 |
| Investments—publicly traded securities | $72,545,115 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $28,591 |
| Other assets | $43,435 |
| Total assets | $74,046,070 |
| Accounts payable and accrued expenses | $63,430 |
| 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 | $63,430 |
| Net assets without donor restrictions | $1,481,504 |
| Net assets with donor restrictions | $72,501,136 |
| 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 | $74,046,070 |
Grants Awarded
Over the last fiscal year, Trustees Of Colt Bequest Inc has awarded $207,696 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH OF THE GOOD SHEPHERD PURPOSE: PRESERVATION, RESTORATION, MAINTENANCE AND REPAIR OF THE CHURCH OF THE GOOD SHEPHERD, ITS RECTORY AND THE CALDWELL H. COLT MEMORIAL PARISH HOUSE. | $207,696 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Trustees Of Colt Bequest Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | | $1,500 |
Endowment Analysis
| Beg. Balance | $63,740,045 |
| Earnings | $12,135,619 |
| Admin Expense | $321,427 |
| Other Expense | $1,571,597 |
| Ending Balance | $73,982,640 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Word Of Life Foundation Inc Schroon Lake, NY | $29,167,251 | $32,657,621 |
United States Catholic Conference Braintree, MA | $123,922,758 | $12,241,413 |
Episcopal Church Foundation New York, NY | $650,053,865 | $6,623,247 |
American Friends Of Lev Aharon New York, NY | $614,615 | $3,691,815 |
Jewish Foundation Of Greater New Haven Inc Woodbridge, CT | $82,672,017 | $6,191,311 |
Friends Of Odyssey Impact Inc New York, NY | $9,035,601 | $1,158,270 |
Trustees Of Colt Bequest Inc Hartford, CT | $74,046,070 | $7,649,069 |
Icny Land Owner Corporation New York City, NY | $36,528,101 | $2,265,710 |
Shuvi Nafshi Foundation Inc Brooklyn, NY | $171,733 | $1,661,417 |
Jem Foundation Inc Brooklyn, NY | $1,781,037 | $2,083,795 |
American Friends Of Migdal Torah Inc Brooklyn, NY | $316,032 | $1,219,610 |
Chaim Larachamin Foundation Brooklyn, NY | $0 | $999,350 |