Civic Intelligence

Dr Martin Luther King Jr Scholarship Trust Fund

990 • Fiscal year 2020 • EIN 06-6107846

May 01, 2019 to Apr 30, 2020 • Filed on Jul 10, 2020

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

Higher debt load relative to assets than 15% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

Higher debt load relative to revenue than 15% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

91st percentile

52%

Higher net margin than 91% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

61st percentile

11%

Faster asset growth than 61% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

26th percentile

-17%

Faster revenue growth than 26% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$1,324,132

Up $132,246 (+11%) from 2019

Net Assets

Up

$1,324,120

Up $132,234 (+11%) from 2019

Liabilities

Up

$12

Up $12 from 2019

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin91st percentile

Revenue

Down

$347,817

Down $71,138 (-17%) from 2019

Expenses

Up

$165,483

Up $16,094 (+11%) from 2019

Net Income

Down

$182,334

Down $87,232 (-32%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth61st 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

2020

Assets$1,324,132
Liabilities$12
Net Assets$1,324,120
Open 2020 Filing

Operations Trend

Revenue Growth26th 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

2020

Revenue$347,817
Expenses$165,483
Net Income$182,334
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2019 to Apr 30, 2020
Signed
Jul 10, 2020
Return Version
2019v5.0
Gross Receipts
$382,623
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$671,999$650,946▼ $21,053
Cash and Non-Interest-Bearing Accounts$481,811$636,685▲ $154,874
Total Assets$1,191,886$1,324,132▲ $132,246
Other Assets Total$38,076$36,501▼ $1,575
Liabilities
Accounts Payable and Accrued Expenses-$12-
Total Liabilities$0$12▲ $12
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$551,525$738,954▲ $187,429
Net Assets With Donor Restrictions$640,361$585,166▼ $55,195
Total Net Assets Fund Balance$1,191,886$1,324,120▲ $132,234
Total Liabilities and Net Assets / Fund Balance$1,191,886$1,324,132▲ $132,246
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
James E MitchellPresident
Andrea L Ackerman EddDirector
Donetta HodgeDirector
Joe GarciaDirector
Michael ShapiroDirector
Rachelle AekinsDirector
Sheila MorganDirector
Carmita HodgeSecretary
Nicholas FortsonTreasurer
Birse TimmonsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$312,979
Program Service Revenue
$0
Investment Income
$34,838
Other Revenue
$0
All Other Contributions
$288,595
Change in Net Assets
$182,334
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$148,673
Other Expenses$16,810
Total Fundraising Expense$4,151
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$148,673--$148,673
Fees for Service Investment Mgmnt Fees$5,487--$5,487
Advertising--$4,151$4,151
Insurance-$1,178-$1,178
Fees for Services Other-$625-$625
Other Expenses$5,033$336-$336
Total Functional Expenses$159,193$2,139$4,151$165,483
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$34,806
Fundraising Gross Income$34,806
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Award Di$59,190$34,806$34,806$0
Total Events$59,190$34,806$34,806-
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
Yes
Backup withholding compliance
No
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
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 12C

“Annual written conflict of interest statement is required to be submitted by each director.”

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
2020-07-10

Organization Details

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

Preparer

Firm
Garvey Steele & Bancroft 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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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt024384
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt024384
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt034806
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL AWARD DI
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt059190
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt059190
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt034806
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt034806
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt034806
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt034806
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0148673
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0EDUCATIONAL SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt032
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/ExplanationTxt2ANNUAL WRITTEN CONFLICT OF INTEREST STATEMENT IS REQUIRED TO BE SUBMITTED BY EACH DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS 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 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01191886
IRS990/TotalAssetsEOYAmt01324132
IRS990/TotalAssetsGrp/BOYAmt01191886
IRS990/TotalAssetsGrp/EOYAmt01324132
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0312979
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04151
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02139
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0159193
IRS990/TotalFunctionalExpensesGrp/TotalAmt0165483
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt012
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt012
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01191886
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01324120
IRS990/TotalProgramServiceExpensesAmt0159193
IRS990/TotalRevenueGrp/ExclusionAmt034838
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0347817
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01191886
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01324132
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES E MITCHELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08603334666
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-10
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/AtSubmissionCreationDeviceId0B2254A06A2C91071D1D5A32245BC2B972FCA5CF6
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09570383E1EFF34A6201CD1E9342B30FE84522C6E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt023.30.174.89
ReturnHeader/FilingSecurityInformation/IPDt02020-07-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm007:44:53
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0472604526
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GARVEY STEELE & BANCROFT LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 397
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MYSTIC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0063550397
ReturnHeader/PreparerPersonGrp/PhoneNum08605369831
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL R GARVEY CPA
ReturnHeader/ReturnTs02020-07-10T07:44:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-05-01
ReturnHeader/TaxPeriodEndDt02020-04-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,324,132
Liabilities
$12
Net assets
$1,324,120
Revenue
$347,817
Expenses
$165,483
Net income
$182,334
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
2020Detailed filing. Detailed filing data is available for this year.$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
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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