Civic Intelligence

Kingsley Trust Association

990 • Fiscal year 2021 • EIN 06-0706508

Jun 01, 2020 to May 31, 2021 • Filed on Apr 08, 2022

Organization ProfileN/A
PO Box 9153New Haven, CT 06532

(203) 468-0087

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

20th percentile

0.05x

Higher debt load relative to revenue than 20% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

81st percentile

40%

Higher net margin than 81% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

80th percentile

27%

Faster asset growth than 80% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

12th percentile

-19%

Faster revenue growth than 12% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$16,060,996

Up $3,431,529 (+27%) from 2020

Net Assets

Up

$16,023,082

Up $3,399,067 (+27%) from 2020

Liabilities

Up

$37,914

Up $32,462 (+595%) from 2020

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin81st percentile

Revenue

Down

$737,038

Down $173,486 (-19%) from 2020

Expenses

Down

$440,313

Down $99,860 (-18%) from 2020

Net Income

Down

$296,725

Down $73,626 (-20%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $9,208,627Liabilities 2011: $100Net Assets 2011: $9,208,5272011Assets 2012: $8,332,107Liabilities 2012: $100Net Assets 2012: $8,332,0072012Assets 2013: $9,127,772Liabilities 2013: $100Net Assets 2013: $9,127,6722013Assets 2014: $10,771,828Liabilities 2014: $100Net Assets 2014: $10,771,7282014Assets 2015: $10,494,135Liabilities 2015: $200Net Assets 2015: $10,493,9352015Assets 2016: $9,816,715Liabilities 2016: $14,960Net Assets 2016: $9,801,7552016Assets 2017: $9,963,104Liabilities 2017: $6,808Net Assets 2017: $9,956,2962017Assets 2018: $12,108,117Liabilities 2018: $35,632Net Assets 2018: $12,072,4852018Assets 2019: $12,112,180Liabilities 2019: $31,940Net Assets 2019: $12,080,2402019Assets 2020: $12,629,467Liabilities 2020: $5,452Net Assets 2020: $12,624,0152020Assets 2021: $16,060,996Liabilities 2021: $37,914Net Assets 2021: $16,023,0822021Assets 2022: $14,881,769Liabilities 2022: $64,126Net Assets 2022: $14,817,6432022Assets 2023: $14,226,919Liabilities 2023: $45,094Net Assets 2023: $14,181,8252023Assets 2024: $16,008,319Liabilities 2024: $36,036Net Assets 2024: $15,972,2832024

Highlighted filing

2021

Assets$16,060,996
Liabilities$37,914
Net Assets$16,023,082
Open 2021 Filing

Operations Trend

Revenue Growth12th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $831,645Expenses 2011: $798,218Net Income 2011: $33,4272011Revenue 2012: $446,327Expenses 2012: $643,213Net Income 2012: -$196,8862012Revenue 2013: $852,552Expenses 2013: $658,003Net Income 2013: $194,5492013Revenue 2014: $1,925,955Expenses 2014: $665,929Net Income 2014: $1,260,0262014Revenue 2015: $955,159Expenses 2015: $621,655Net Income 2015: $333,5042015Revenue 2016: $355,684Expenses 2016: $648,937Net Income 2016: -$293,2532016Revenue 2017: $594,787Expenses 2017: $755,476Net Income 2017: -$160,6892017Revenue 2018: $3,168,749Expenses 2018: $546,548Net Income 2018: $2,622,2012018Revenue 2019: $741,068Expenses 2019: $550,820Net Income 2019: $190,2482019Revenue 2020: $910,524Expenses 2020: $540,173Net Income 2020: $370,3512020Revenue 2021: $737,038Expenses 2021: $440,313Net Income 2021: $296,7252021Revenue 2022: $294,178Expenses 2022: $578,513Net Income 2022: -$284,3352022Revenue 2023: $756,937Expenses 2023: $631,145Net Income 2023: $125,7922023Revenue 2024: $576,656Expenses 2024: $533,870Net Income 2024: $42,7862024

Highlighted filing

2021

Revenue$737,038
Expenses$440,313
Net Income$296,725
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Apr 8, 2022
Return Version
2020v4.2
Gross Receipts
$1,712,386
Mission and Program Overview

Mission

Academic support; providing intellectual and cultural improvement and academic assistance for members of the yale university community

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,608,332$14,322,208▲ $3,713,876
Land, Buildings, and Equipment, Net$1,375,136$1,296,077▼ $79,059
Savings and Temporary Cash Investments$555,567$208,047▼ $347,520
Cash and Non-Interest-Bearing Accounts$33,932$178,625▲ $144,693
Prepaid Expenses and Deferred Charges$750$750→ $0
Intangible Assets$923$462▼ $461
Total Assets$12,629,467$16,060,996▲ $3,431,529
Other Assets Total$54,827$54,827→ $0
Liabilities
Accounts Payable and Accrued Expenses$5,452$37,914▲ $32,462
Total Liabilities$5,452$37,914▲ $32,462
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,624,015$16,023,082▲ $3,399,067
Total Net Assets Fund Balance$12,624,015$16,023,082▲ $3,399,067
Total Liabilities and Net Assets / Fund Balance$12,629,467$16,060,996▲ $3,431,529

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,070,881$1,269,749$2,340,630
Other Land Buildings$218,096$252,222$470,318
Land$7,100-$7,100

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$12,624,017$299,510▲ $3,539,818$398,405$16,022,980
2019$12,080,240$681,852▲ $402,096$472,195$12,624,017
2018$12,072,476$459,081▲ $99,494$490,973$12,080,240
2017$9,956,289$2,073,447▲ $556,290$453,011$12,072,476
2016$9,801,755$167,232▲ $742,778$654,983$9,956,289
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Sarah RussellPresident
Daniel D GravesVice President
Leonard B ShavelSecretary
Caroline JohnstonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$299,510
Program Service Revenue
$0
Investment Income
$437,528
Other Revenue
$0
All Other Contributions
$299,510
Change in Net Assets
$296,725

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$51,538Fair Market Value (FMV)
Total Noncash Contributions4$51,538-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$309,243
Salaries, Compensation, and Employee Benefits$110,420
Grants and Similar Amounts Paid$20,650
Total Fundraising Expense$6,169
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$102,527--$102,527
Occupancy$84,999--$84,999
Depreciation Depletion$79,520--$79,520
Insurance$28,570--$28,570
Fees for Services Accounting$23,375--$23,375
Office Expenses-$15,089$6,169$21,258
Grants to Domestic Individuals$20,650--$20,650
Other Expenses$19,352--$19,352
Payroll Taxes$7,893--$7,893
Conferences and Meetings$2,879--$2,879
Fees for Services Other$2,466--$2,466
Travel$116--$116
Total Functional Expenses$419,055$15,089$6,169$440,313
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 is reviewed by the executive committee.”

Form 990, Part VI, Section C, Line 19

“Form 990 is available upon request for the public to review”

Filing and Contact Details

Filer

Filer Name
Kingsley Trust Association
EIN
06-0706508
Phone
2034680087
Address
PO BOX 9153, NEW HAVEN, CT 06532

Signing Officer

Name
Caroline Johnston
Title
Treasurer
Phone
2034680087
Signed
2022-04-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Caroline Johnston
Formed
1860
Legal Domicile
Ct
Voting Board Members
17
Independent Board Members
17
Employees
8
Volunteers
0

Preparer

Firm
Marcum Llp
Address
555 LONG WHARF DRIVE, NEW HAVEN, CT 06511
Preparer
Cathiann Bellard
Phone
2037819600
Supplemental Narrative

Financial Statement Notes

PART III, LINE 4:

“Historical furnishings, books and artworks relating to the association and yale university. Further exempt purpose by immersion in the rich academic history of yale university. Collection is made available to other scholars and museum curator from yale and similar organizations.”

PART X, LINE 2:

“Accounting principles generally accepted in the united states of america require the association's management to evaluate tax positions taken by the association and recognize a tax liability if it has taken an uncertain position that more likely than not would not be sustained upon examination by taxing authorities. Management has analyzed the tax positions taken by the association, and has concluded that as of may 31, 2020 , there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. In addition, the association has no unrelated business income.”

Raw XML AppendixShowing 400 of 413 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0HISTORICAL FURNISHINGS, BOOKS AND ARTWORKS RELATING TO THE ASSOCIATION AND YALE UNIVERSITY. FURTHER EXEMPT PURPOSE BY IMMERSION IN THE RICH ACADEMIC HISTORY OF YALE UNIVERSITY. COLLECTION IS MADE AVAILABLE TO OTHER SCHOLARS AND MUSEUM CURATOR FROM YALE AND SIMILAR ORGANIZATIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE ASSOCIATION'S MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ASSOCIATION AND RECOGNIZE A TAX LIABILITY IF IT HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ASSOCIATION, AND HAS CONCLUDED THAT AS OF MAY 31, 2020 , THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. IN ADDITION, THE ASSOCIATION HAS NO UNRELATED BUSINESS INCOME.
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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
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IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt020650
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IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt04
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS AVAILABLE UPON REQUEST FOR THE PUBLIC TO REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantNewProgramSrvcInd00
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IRS990/TaxablePartyNotificationInd00
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARCUM LLP

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,060,996
Liabilities
$37,914
Net assets
$16,023,082
Revenue
$737,038
Expenses
$440,313
Net income
$296,725
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$16.0$0.04$16.0$0.58$0.53$0.04
2023Detailed filing. Detailed filing data is available for this year.$14.2$0.05$14.2$0.76$0.63$0.13
2022Detailed filing. Detailed filing data is available for this year.$14.9$0.06$14.8$0.29$0.58$0.28
2021Detailed filing. Detailed filing data is available for this year.$16.1$0.04$16.0$0.74$0.44$0.30
2020Detailed filing. Detailed filing data is available for this year.$12.6$0.01$12.6$0.91$0.54$0.37
2019Detailed filing. Detailed filing data is available for this year.$12.1$0.03$12.1$0.74$0.55$0.19
2018Detailed filing. Detailed filing data is available for this year.$12.1$0.04$12.1$3.17$0.55$2.62
2017Detailed filing. Detailed filing data is available for this year.$9.96$0.01$9.96$0.59$0.76$0.16
2016Detailed filing. Detailed filing data is available for this year.$9.82$0.01$9.80$0.36$0.65$0.29
2015Detailed filing. Detailed filing data is available for this year.$10.5$0.00$10.5$0.96$0.62$0.33
2014Detailed filing. Detailed filing data is available for this year.$10.8$0.00$10.8$1.93$0.67$1.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.13$0.00$9.13$0.85$0.66$0.19
2012Summary only. Only limited summary data is available for this year.$8.33$0.00$8.33$0.45$0.64$0.20
2011Summary only. Only limited summary data is available for this year.$9.21$0.00$9.21$0.83$0.80$0.03