Civic Intelligence

Dr Martin Luther King Jr Scholarship Trust Fund

990 • Fiscal year 2017 • EIN 06-6107846

May 01, 2016 to Apr 30, 2017 • Filed on Jul 13, 2017

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

(860) 333-4666

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

85th percentile

31%

Higher net margin than 85% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

69th percentile

12%

Faster asset growth than 69% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

25th percentile

-8.3%

Faster revenue growth than 25% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$732,057

Up $80,827 (+12%) from 2016

Net Assets

Up

$732,057

Up $80,827 (+12%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin85th percentile

Revenue

Down

$148,365

Down $13,504 (-8.3%) from 2016

Expenses

Down

$102,246

Down $27,786 (-21%) from 2016

Net Income

Up

$46,119

Up $14,282 (+45%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth69th 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

2017

Assets$732,057
Liabilities$0
Net Assets$732,057
Open 2017 Filing

Operations Trend

Revenue Growth25th 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

2017

Revenue$148,365
Expenses$102,246
Net Income$46,119
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2016 to Apr 30, 2017
Signed
Jul 13, 2017
Return Version
2016v3.0
Gross Receipts
$180,521
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.

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$477,899$551,948▲ $74,049
Cash and Non-Interest-Bearing Accounts$139,429$148,712▲ $9,283
Total Assets$651,230$732,057▲ $80,827
Other Assets Total$33,902$31,397▼ $2,505
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$547,515$698,152▲ $150,637
Temporarily Rstr Net Assets$103,715$33,905▼ $69,810
Total Net Assets Fund Balance$651,230$732,057▲ $80,827
Total Liabilities and Net Assets / Fund Balance$651,230$732,057▲ $80,827
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
James E MitchellPresident
Andrea L Ackerman EddDirector
Birse TimmonsDirector
Nancy BulkeleyDirector
Rachelle AekinsDirector
Veronica Cook MsomDirector
Letitia NolanCorres Fin S
Donetta HodgeSecretary
Nicholas FortsonTreasurer
Mary Jane MclaughlinVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$131,532
Program Service Revenue
$0
Investment Income
$16,833
Other Revenue
$0
All Other Contributions
$122,903
Change in Net Assets
$46,119
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$85,660
Other Expenses$16,586
Total Fundraising Expense$3,714
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$85,660--$85,660
Fees for Services Other-$4,869-$4,869
Advertising--$3,714$3,714
Fees for Service Investment Mgmnt Fees$1,775--$1,775
Other Expenses$6,098$130-$130
Total Functional Expenses$93,533$4,999$3,714$102,246
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$32,156
Fundraising Gross Income$32,156
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Award Di$40,785$32,156$32,156$0
Total Events$40,785$32,156$32,156-
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
Annual disclosure for covered persons
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
Yes
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

“The full board reviewed the form 990 at a board meeting prior to filing the return.”

Form 990, Page 6, Part VI, Line 19

“Documents are available upon written request”

Filing and Contact Details

Filer

Filer Name
Dr Martin Luther King
EIN
06-6107846
Phone
8603334666
Address
PO BOX 1308, NEW LONDON, CT 06320

Signing Officer

Name
James E Mitchell
Title
President
Phone
8603334666
Signed
2017-07-13

Organization Details

Principal Officer
James E Mitchell
Formed
1968
Legal Domicile
Ct
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Garvey Steele & Company Llp
Address
PO BOX 397, MYSTIC, CT 06355-0397
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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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL AWARD DI
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt040785
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt040785
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt032156
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt032156
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt032156
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt032156
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt085660
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0EDUCATIONAL SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt019
IRS990/ScheduleJRequiredInd0false
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/ExplanationTxt1THE FULL BOARD REVIEWED THE FORM 990 AT A BOARD MEETING PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE UPON WRITTEN 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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0103715
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt033905
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0651230
IRS990/TotalAssetsEOYAmt0732057
IRS990/TotalAssetsGrp/BOYAmt0651230
IRS990/TotalAssetsGrp/EOYAmt0732057
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0131532
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03714
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04999
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt093533
IRS990/TotalFunctionalExpensesGrp/TotalAmt0102246
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0651230
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0732057
IRS990/TotalProgramServiceExpensesAmt093533
IRS990/TotalRevenueGrp/ExclusionAmt016833
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0148365
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0651230
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0732057
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0547515
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0698152
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1308
IRS990/USAddress/CityNm0NEW LONDON
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006320
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.MLKTRUSTFUND.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES E MITCHELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08603334666
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DR MARTIN LUTHER KING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0SCHOLARSHIP FUND
ReturnHeader/Filer/BusinessNameControlTxt0DRMA
ReturnHeader/Filer/EIN0066107846
ReturnHeader/Filer/PhoneNum08603334666
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1308
ReturnHeader/Filer/USAddress/CityNm0NEW LONDON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006320
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId097DB9962C47C60A4FA4E0617B85582D50FB1056D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId05B5CA7FD07B7338219B8C37395F5B6EA9C1C510F
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/ZIPCd0063550397
ReturnHeader/PreparerPersonGrp/PhoneNum08605369831
ReturnHeader/PreparerPersonGrp/PreparationDt02017-07-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL R GARVEY CPA
ReturnHeader/ReturnTs02017-07-13T14:57:15-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-05-01
ReturnHeader/TaxPeriodEndDt02017-04-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$732,057
Liabilities
$0
Net assets
$732,057
Revenue
$148,365
Expenses
$102,246
Net income
$46,119
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
2017Detailed filing. Detailed filing data is available for this year.$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
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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