Civic Intelligence

Dr Martin Luther King Jr Scholarship Trust Fund

990 • Fiscal year 2019 • EIN 06-6107846

May 01, 2018 to Apr 30, 2019 • Filed on Jul 09, 2019

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

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

94th percentile

64%

Higher net margin than 94% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

87th percentile

34%

Faster asset growth than 87% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

90th percentile

63%

Faster revenue growth than 90% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$1,191,886

Up $304,015 (+34%) from 2018

Net Assets

Up

$1,191,886

Up $304,015 (+34%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin94th percentile

Revenue

Up

$418,955

Up $162,361 (+63%) from 2018

Expenses

Up

$149,389

Up $35,381 (+31%) from 2018

Net Income

Up

$269,566

Up $126,980 (+89%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth87th 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

2019

Assets$1,191,886
Liabilities$0
Net Assets$1,191,886
Open 2019 Filing

Operations Trend

Revenue Growth90th 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

2019

Revenue$418,955
Expenses$149,389
Net Income$269,566
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2018 to Apr 30, 2019
Signed
Jul 9, 2019
Return Version
2018v3.1
Gross Receipts
$456,931
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$607,638$671,999▲ $64,361
Cash and Non-Interest-Bearing Accounts$244,634$481,811▲ $237,177
Total Assets$887,871$1,191,886▲ $304,015
Other Assets Total$35,599$38,076▲ $2,477
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$598,950$640,361▲ $41,411
Unrestricted Net Assets$288,921$551,525▲ $262,604
Total Net Assets Fund Balance$887,871$1,191,886▲ $304,015
Total Liabilities and Net Assets / Fund Balance$887,871$1,191,886▲ $304,015
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
James E MitchellPresident
Andrea L Ackerman EddDirector
Donetta HodgeDirector
Michael ShapiroDirector
Nancy BulkeleyDirector
Rachelle AekinsDirector
Sheila MorganDirector
Veronica Cook MsomDirector
Carmita HodgeSecretary
Nicholas FortsonTreasurer
Birse SimmonsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$399,431
Program Service Revenue
$0
Investment Income
$19,524
Other Revenue
$0
All Other Contributions
$373,402
Change in Net Assets
$269,566
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$130,594
Other Expenses$18,795
Total Fundraising Expense$7,740
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$130,594--$130,594
Advertising--$7,740$7,740
Fees for Service Investment Mgmnt Fees$5,167--$5,167
Insurance-$1,178-$1,178
Fees for Services Other-$625-$625
Other Expenses$3,959$126-$126
Total Functional Expenses$139,720$1,929$7,740$149,389
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$37,976
Fundraising Gross Income$37,976
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Award Di$64,005$37,976$37,976$0
Total Events$64,005$37,976$37,976-
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
2019-07-09

Organization Details

Principal Officer
James E Mitchell
Formed
1968
Legal Domicile
Ct
Voting Board Members
11
Independent Board Members
11
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/DirectExpenseSummaryEventsAmt037976
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL AWARD DI
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt064005
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt064005
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt037976
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt037976
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt037976
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt037976
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0130594
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0EDUCATIONAL SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt026
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0598950
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0640361
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0887871
IRS990/TotalAssetsEOYAmt01191886
IRS990/TotalAssetsGrp/BOYAmt0887871
IRS990/TotalAssetsGrp/EOYAmt01191886
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0399431
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07740
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01929
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0139720
IRS990/TotalFunctionalExpensesGrp/TotalAmt0149389
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0887871
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01191886
IRS990/TotalProgramServiceExpensesAmt0139720
IRS990/TotalRevenueGrp/ExclusionAmt019524
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0418955
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0887871
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01191886
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0288921
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0551525
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1308
IRS990/USAddress/CityNm0NEW LONDON
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006320
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.MLKTRUSTFUND.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES E MITCHELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08603334666
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-09
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/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt023.30.174.89
ReturnHeader/FilingSecurityInformation/IPDt02019-09-03
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm015:57:23
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/PreparationDt02019-07-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL R GARVEY CPA
ReturnHeader/ReturnTs02019-09-03T15:57:23-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-05-01
ReturnHeader/TaxPeriodEndDt02019-04-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,191,886
Liabilities
$0
Net assets
$1,191,886
Revenue
$418,955
Expenses
$149,389
Net income
$269,566
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
2019Detailed filing. Detailed filing data is available for this year.$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
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
Peer Organizations

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