Civic Intelligence

Dr Martin Luther King Jr Scholarship Trust Fund

990 • Fiscal year 2015 • EIN 06-6107846

May 01, 2014 to Apr 30, 2015 • Filed on Jun 18, 2016

Organization ProfileWWW.MLKTRUSTFUND.ORG
PO Box 1308New London, CT 06320

(860) 460-1905

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

25th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

83rd percentile

26%

Higher net margin than 83% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

68th percentile

8.8%

Faster asset growth than 68% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

63rd percentile

11%

Faster revenue growth than 63% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$649,716

Up $52,419 (+8.8%) from 2014

Net Assets

Up

$649,716

Up $52,419 (+8.8%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin83rd percentile

Revenue

Up

$171,791

Up $16,500 (+11%) from 2014

Expenses

Down

$126,451

Down $13,043 (-9.4%) from 2014

Net Income

Up

$45,340

Up $29,543 (+187%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $435,471Liabilities 2011: $0Net Assets 2011: $435,4712011Assets 2012: $523,625Liabilities 2012: $0Net Assets 2012: $523,6252012Assets 2013: $555,618Liabilities 2013: $0Net Assets 2013: $555,6182013Assets 2014: $597,297Liabilities 2014: $0Net Assets 2014: $597,2972014Assets 2015: $649,716Liabilities 2015: $0Net Assets 2015: $649,7162015Assets 2016: $651,230Liabilities 2016: $0Net Assets 2016: $651,2302016Assets 2017: $732,057Liabilities 2017: $0Net Assets 2017: $732,0572017Assets 2018: $887,871Liabilities 2018: $0Net Assets 2018: $887,8712018Assets 2019: $1,191,886Liabilities 2019: $0Net Assets 2019: $1,191,8862019Assets 2020: $1,324,132Liabilities 2020: $12Net Assets 2020: $1,324,1202020Assets 2021: $1,503,577Liabilities 2021: $0Net Assets 2021: $1,503,5772021Assets 2022: $1,935,039Liabilities 2022: $0Net Assets 2022: $1,935,0392022Assets 2023: $1,888,090Liabilities 2023: $0Net Assets 2023: $1,888,0902023Assets 2024: $2,338,841Liabilities 2024: $0Net Assets 2024: $2,338,8412024Assets 2025: $2,372,514Liabilities 2025: $0Net Assets 2025: $2,372,5142025

Highlighted filing

2015

Assets$649,716
Liabilities$0
Net Assets$649,716
Open 2015 Filing

Operations Trend

Revenue Growth63rd percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $225,988Expenses 2011: $155,980Net Income 2011: $70,0082011Revenue 2012: $186,593Expenses 2012: $150,235Net Income 2012: $36,3582012Revenue 2013: $133,054Expenses 2013: $114,264Net Income 2013: $18,7902013Revenue 2014: $155,291Expenses 2014: $139,494Net Income 2014: $15,7972014Revenue 2015: $171,791Expenses 2015: $126,451Net Income 2015: $45,3402015Revenue 2016: $161,869Expenses 2016: $130,032Net Income 2016: $31,8372016Revenue 2017: $148,365Expenses 2017: $102,246Net Income 2017: $46,1192017Revenue 2018: $256,594Expenses 2018: $114,008Net Income 2018: $142,5862018Revenue 2019: $418,955Expenses 2019: $149,389Net Income 2019: $269,5662019Revenue 2020: $347,817Expenses 2020: $165,483Net Income 2020: $182,3342020Revenue 2021: $318,086Expenses 2021: $189,865Net Income 2021: $128,2212021Revenue 2022: $495,057Expenses 2022: $211,089Net Income 2022: $283,9682022Revenue 2023: $345,318Expenses 2023: $273,537Net Income 2023: $71,7812023Revenue 2024: $380,304Expenses 2024: $281,288Net Income 2024: $99,0162024Revenue 2025: $343,082Expenses 2025: $369,875Net Income 2025: -$26,7932025

Highlighted filing

2015

Revenue$171,791
Expenses$126,451
Net Income$45,340
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2014 to Apr 30, 2015
Signed
Jun 18, 2016
Return Version
2014v6.0
Gross Receipts
$201,892
Mission and Program Overview

Mission

Dr martin luther king scholarship fund is a nonprofit, nonstock corporation dedicated to developing and maintaining a coordinated network of community resources for young people and their families and broadening and deepening public awareness of and commitment to society's responsibility for responding to the needs of youth and their families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$437,508$464,456▲ $26,948
Cash and Non-Interest-Bearing Accounts$95,484$120,156▲ $24,672
Total Assets$597,297$649,716▲ $52,419
Other Assets Total$64,305$65,104▲ $799
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$493,582$649,716▲ $156,134
Temporarily Rstr Net Assets$103,715--
Total Net Assets Fund Balance$597,297$649,716▲ $52,419
Total Liabilities and Net Assets / Fund Balance$597,297$649,716▲ $52,419

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$65,104--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$103,715---$103,715
2013$103,715---$103,715
2012$98,345$5,370--$103,715
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
James E MitchellPresident
Andrew MaynardDirector
Ariana AbreuDirector
Birse TimmonsDirector
Kevin HennessyDirector
Marilyn PercyDirector
Mckinley WinstonDirector
Michael ShapiroDirector
Nicholas FortsonDirector
Robert EarlyDirector
Andrea AckermanCorresp Secr
Donetta HodgeRecording Se
Karen EdwardsTreasurer
Mary-jane MclaughlinVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$147,702
Program Service Revenue
$0
Investment Income
$24,089
Other Revenue
$0
All Other Contributions
$144,803
Change in Net Assets
$45,340
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$113,625
Other Expenses$12,826
Total Fundraising Expense$3,912
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$113,625--$113,625
Advertising--$3,912$3,912
Fees for Service Investment Mgmnt Fees-$3,411-$3,411
Other Expenses$5,301$110-$110
Office Expenses-$92-$92
Total Functional Expenses$118,926$3,613$3,912$126,451
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$30,101
Fundraising Gross Income$30,101
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Dinner$33,000$30,101$30,101$0
Total Events$33,000$30,101$30,101-
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
No
Backup withholding compliance
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, Page 6, Part VI, Line 11B

“Form 990 reviewed by treasurer and president before filing. Copy made available to full board subsequent to filing.”

Form 990, Page 6, Part VI, Line 19

“The documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Dr Martin Luther King
EIN
06-6107846
Phone
8604601905
Address
PO BOX 1308, NEW LONDON, CT 06320

Signing Officer

Name
James E Mitchell
Title
President
Phone
8604601905
Signed
2016-06-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James E Mitchell
Formed
1968
Legal Domicile
Ct
Voting Board Members
13
Independent Board Members
13
Employees
0

Preparer

Firm
Garvey Steele & Company Llp
Address
PO BOX 397, MYSTIC, CT 06355-2938
Preparer
Michael R Garvey CPA
Phone
8605369831
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Dr martin luther king scholarship fund is a nonprofit, nonstock corporation dedicated to developing and maintaining a coordinated network of community resources for young people and their families and broadening and deepening public awareness of and commitment to society's responsibility for responding to the needs of youth and their families.”

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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt030101
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0182980
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0223226
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0804149
IRS990ScheduleA/TotalSupportAmt0851551
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IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt030101
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL DINNER
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt030101
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt030101
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt030101
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0113625
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt044
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DR MARTIN LUTHER KING SCHOLARSHIP FUND IS A NONPROFIT, NONSTOCK CORPORATION DEDICATED TO DEVELOPING AND MAINTAINING A COORDINATED NETWORK OF COMMUNITY RESOURCES FOR YOUNG PEOPLE AND THEIR FAMILIES AND BROADENING AND DEEPENING PUBLIC AWARENESS OF AND COMMITMENT TO SOCIETY'S RESPONSIBILITY FOR RESPONDING TO THE NEEDS OF YOUTH AND THEIR FAMILIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 REVIEWED BY TREASURER AND PRESIDENT BEFORE FILING. COPY MADE AVAILABLE TO FULL BOARD SUBSEQUENT TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03613
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IRS990/TotalGrossUBIAmt00
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IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.MLKTRUSTFUND.ORG
IRS990/WhistleblowerPolicyInd0false
ReasonableCauseExplanation/ExplanationTxt0THE ORGANIZATION UNDERWENT A TRANSITION IN BOTH THE TREASURER POSITION AND THE CPA FIRM THAT ASSISTED WITH THE BOOKS AND TAX PREPARATION. THEREFORE THE INFORMATION REQUIRED TO FILE A COMPLETE AND ACCURATE RETURN WAS NOT AVAILABLE DURING THE TRANSITION WHICH CAUSED THE FILINGS TO FALL BEHIND.
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES E MITCHELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08604601905
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-06-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DR MARTIN LUTHER KING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0SCHOLARSHIP FUND
ReturnHeader/Filer/BusinessNameControlTxt0DRMA
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ReturnHeader/Filer/PhoneNum08604601905
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006320
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0472604526
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GARVEY STEELE & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 397
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MYSTIC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0063552938
ReturnHeader/PreparerPersonGrp/PhoneNum08605369831
ReturnHeader/PreparerPersonGrp/PreparationDt02016-06-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL R GARVEY CPA
ReturnHeader/ReturnTs02016-06-27T07:29:49-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-05-01
ReturnHeader/TaxPeriodEndDt02015-04-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$649,716
Liabilities
$0
Net assets
$649,716
Revenue
$171,791
Expenses
$126,451
Net income
$45,340
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.37$0.00$2.37$0.34$0.37$0.03
2024Detailed filing. Detailed filing data is available for this year.$2.34$0.00$2.34$0.38$0.28$0.10
2023Detailed filing. Detailed filing data is available for this year.$1.89$0.00$1.89$0.35$0.27$0.07
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$0.00$1.94$0.50$0.21$0.28
2021Detailed filing. Detailed filing data is available for this year.$1.50$0.00$1.50$0.32$0.19$0.13
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$0.00$1.32$0.35$0.17$0.18
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.19$0.00$1.19$0.42$0.15$0.27
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$0.00$0.89$0.26$0.11$0.14
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.00$0.73$0.15$0.10$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.16$0.13$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.17$0.13$0.05
2014Summary only. Only limited summary data is available for this year.$0.60$0.00$0.60$0.16$0.14$0.02
2013Summary only. Only limited summary data is available for this year.$0.56$0.00$0.56$0.13$0.11$0.02
2012Summary only. Only limited summary data is available for this year.$0.52$0.00$0.52$0.19$0.15$0.04
2011Summary only. Only limited summary data is available for this year.$0.44$0.00$0.44$0.23$0.16$0.07