Trustees Of Colt Bequest Inc
- Assets
- $66.4m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 10
- Location
- Hartford, CT
- Founding
- 11/1934
- Data as of
- 09/2023
- 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 09/2023, Trustees Of Colt Bequest Inc employed 10 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 09/2023, Trustees Of Colt Bequest Inc generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $2.4m during the year ending 09/2023. 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
PRESERVATION, RESTORATION, MAINT., REPAIR AND IMPROVEMENT OF ARMSMEAR, THE CHURCH OF THE GOOD SHEPHERD, AND 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, 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 Lori Donadio Trustee | Trustee | 1 | $0 |
Rt Rev Laura Ahrens Trustee | Trustee | 1 | $186,421 |
Ms Linda Rickard Vice President/trustee | OfficerTrustee | 1 | $0 |
Ms Claire Burnett President/trustee | OfficerTrustee | 1 | $0 |
Mr Gerald Hess Treasurer/trustee | OfficerTrustee | 1 | $0 |
Mr Greg Miller Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meriden Glass Acquisition Co Llc Repairs/maintenance | 9/29/23 | $226,544 |
Security Services Of Ct Inc Security | 9/29/23 | $193,016 |
Eagle Rivet Roof Service Corporation Repairs/maintenance | 9/29/23 | $120,000 |
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 | $1,433,746 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $861,431 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,295,177 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $221,640 |
| 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. | $190,618 |
| Compensation of current officers, directors, key employees. | $142,963 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $263,825 |
| Pension plan accruals and contributions | $49,687 |
| Other employee benefits | $120,531 |
| Payroll taxes | $32,192 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,847 |
| Fees for services: Accounting | $69,471 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $240,783 |
| Advertising and promotion | $0 |
| Office expenses | $25,743 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $173,166 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $281 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,823 |
| Insurance | $75,655 |
| All other expenses | $75,017 |
| Total functional expenses | $2,379,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $247,540 |
| 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 | $11,969 |
| Net Land, buildings, and equipment | $992,421 |
| Investments—publicly traded securities | $65,116,172 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $27,567 |
| Other assets | $23,574 |
| Total assets | $66,419,243 |
| Accounts payable and accrued expenses | $52,249 |
| 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 | $5,145 |
| Total liabilities | $57,394 |
| Net assets without donor restrictions | $1,383,469 |
| Net assets with donor restrictions | $64,978,380 |
| 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 | $66,419,243 |
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 |