Civic Intelligence

Charles T King Student Loan Fund

990 • Fiscal year 2016 • EIN 22-6052901

May 01, 2015 to Apr 30, 2016 • Filed on Sep 01, 2016

Organization ProfileCHARLESTKING.ORG
P O Box 45Short Hills, NJ 07078

(973) 258-0523

Siviq Scores

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

Liabilities / Assets

16th percentile

0.00x

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

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

15th percentile

0.00x

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

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Net Margin

95th percentile

62%

Higher net margin than 95% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

32nd percentile

$0

Higher top officer pay than 32% of similar nonprofits.

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

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Asset Growth

33rd percentile

-1.3%

Faster asset growth than 33% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

2nd percentile

-73%

Faster revenue growth than 2% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets16th percentile

Assets

Down

$1,485,825

Down $19,775 (-1.3%) from 2015

Net Assets

Down

$1,485,825

Down $19,775 (-1.3%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin95th percentile

Revenue

Down

$16,483

Down $44,365 (-73%) from 2015

Expenses

Down

$6,206

Down $26,003 (-81%) from 2015

Net Income

Down

$10,277

Down $18,362 (-64%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,435,991Liabilities 2011: $0Net Assets 2011: $1,435,9912011Assets 2012: $1,441,262Liabilities 2012: $0Net Assets 2012: $1,441,2622012Assets 2013: $1,458,146Liabilities 2013: $0Net Assets 2013: $1,458,1462013Assets 2014: $1,468,488Liabilities 2014: $0Net Assets 2014: $1,468,4882014Assets 2015: $1,505,600Liabilities 2015: $0Net Assets 2015: $1,505,6002015Assets 2016: $1,485,825Liabilities 2016: $0Net Assets 2016: $1,485,8252016Assets 2017: $1,462,650Liabilities 2017: $0Net Assets 2017: $1,462,6502017Assets 2018: $1,463,517Liabilities 2018: $0Net Assets 2018: $1,463,5172018Assets 2019: $1,485,392Liabilities 2019: $0Net Assets 2019: $1,485,3922019Assets 2020: $1,526,440Liabilities 2020: $0Net Assets 2020: $1,526,4402020Assets 2021: $1,546,144Liabilities 2021: $0Net Assets 2021: $1,546,1442021Assets 2022: $1,575,194Liabilities 2022: $0Net Assets 2022: $1,575,1942022Assets 2023: $1,593,100Liabilities 2023: $0Net Assets 2023: $1,593,1002023Assets 2024: $1,633,414Liabilities 2024: $0Net Assets 2024: $1,633,4142024Assets 2025: $1,672,782Liabilities 2025: $0Net Assets 2025: $1,672,7822025

Highlighted filing

2016

Assets$1,485,825
Liabilities$0
Net Assets$1,485,825
Open 2016 Filing

Operations Trend

Revenue Growth2nd percentile

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

$80K$60K$40K$20K$0Expenses 2011: $2,4842011Expenses 2012: $2,6172012Expenses 2013: $6,0822013Revenue 2014: $3,343Expenses 2014: $2,815Net Income 2014: $5282014Revenue 2015: $60,848Expenses 2015: $32,209Net Income 2015: $28,6392015Revenue 2016: $16,483Expenses 2016: $6,206Net Income 2016: $10,2772016Revenue 2017: $17,467Expenses 2017: $2,964Net Income 2017: $14,5032017Revenue 2018: $14,187Expenses 2018: $4,529Net Income 2018: $9,6582018Revenue 2019: $25,038Expenses 2019: $3,194Net Income 2019: $21,8442019Revenue 2020: $47,632Expenses 2020: $6,584Net Income 2020: $41,0482020Revenue 2021: $23,290Expenses 2021: $3,586Net Income 2021: $19,7042021Revenue 2022: $23,242Expenses 2022: $4,842Net Income 2022: $18,4002022Revenue 2023: $22,422Expenses 2023: $4,516Net Income 2023: $17,9062023Revenue 2024: $48,725Expenses 2024: $8,411Net Income 2024: $40,3142024Revenue 2025: $43,640Expenses 2025: $4,272Net Income 2025: $39,3682025

Highlighted filing

2016

Revenue$16,483
Expenses$6,206
Net Income$10,277
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2015 to Apr 30, 2016
Signed
Sep 1, 2016
Return Version
2015v2.1
Gross Receipts
$16,483
Mission and Program Overview

Mission

To provide loans to millburn township (nj) students attending accredited colleges,universities and technical schools.

To provide loans to millburn township (nj) students attending accredited colleges, universities and technical schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,505,600$1,485,825▼ $19,775
Other Notes and Loans Receivable, Net$670,072$587,888▼ $82,184
Savings and Temporary Cash Investments$504,137$508,377▲ $4,240
Investments Other Securities$303,360$311,922▲ $8,562
Cash and Non-Interest-Bearing Accounts$28,031$77,638▲ $49,607
Total Assets$1,505,600$1,485,825▼ $19,775
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,505,600$1,485,825▼ $19,775
Total Liabilities and Net Assets / Fund Balance$1,505,600$1,485,825▼ $19,775

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$311,922--
Compensation and Service Providers
Top Officer Pay32nd percentile

Board Members and Trustees

NameTitle
Marcy SchwartzChair
Ellen SteinbergVice Chair
David GreenDirector
Ellen ThamDirector
Jane GomezDirector
Lily LeeDirector
Sandra HaimoffDirector
Sue BeamDirector
Tom McdermottDirector
Ana DemeoAsst Treasur
Robin FinkelsteinSecretary
Lauren AaronTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,680
Program Service Revenue
$0
Investment Income
$12,803
Other Revenue
$0
All Other Contributions
$3,680
Change in Net Assets
$10,277
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,206
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$2,412--$2,412
Fees for Services Accounting-$1,950-$1,950
Insurance-$517-$517
Office Expenses$68$186-$254
Information Technology$40--$40
Other Expenses$10$85-$10
Total Functional Expenses$3,468$2,738$0$6,206
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
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

“Prior to filing, the form 990 is reviewed by the organization's officer responsible for coordinating the preparation of the form with the paid preparer. After review of the intial draft of the return, the officer forwards a copy to the full board prior to filing. A board officer authorizes the paid preparer to electronically file the 990.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents and form 990 are made available to the public upon request. The form 990 can also be found on several publically-accessible websites.”

Filing and Contact Details

Filer

Filer Name
Charles T King Student Loan Fund
EIN
22-6052901
Phone
9732580523
Address
P O BOX 45, SHORT HILLS, NJ 07078

Signing Officer

Name
Lauren Aaron
Title
Treasurer
Phone
9732580523
Signed
2016-09-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lauren Aaron
Formed
1964
Legal Domicile
Nj
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
15

Preparer

Firm
H & J Certified Public Accountants Inc
Address
7555 FREDLE DR STE 110, CONCORD, OH 44077
Preparer
Rolland B Standish
Phone
4409512997
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

“The fund is maintained by personal and business contributions from within the community. Through the generosity of our residents and businesses, over 2.5 million in loans have been made to students throughout the years. The loans are due upon graduation and by paying it forward the fund is continually replenished by past recipients to support students in the future. Loans are renewable for four years of full time studies and repayable upon completion of all studies. As of april 30, 2016, there were 96 loans outstanding with an average balance of 6,600.”

Form 990, Part XI, Line 9

“Student loan recevable write-off -30,052 total -30,052”

Raw XML Appendix362 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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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt012803
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03063
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt026
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt027
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01270
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt017189
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt012803
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03063
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt026
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt027
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01270
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt017189
IRS990ScheduleA/InvestmentIncomeCYPct00.19000
IRS990ScheduleA/InvestmentIncomePYPct00.10000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.81270
IRS990ScheduleA/PublicSupportPY509Pct00.89860
IRS990ScheduleA/PublicSupportTotal509Amt074594
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03680
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt057785
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03068
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt08311
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01750
IRS990ScheduleA/Total509Grp/TotalAmt074594
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt016483
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt060848
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03094
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt08338
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt03020
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt091783
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0311922
IRS990ScheduleD/OtherSecuritiesGrp/Desc0AIG VARIABLE ANNUITY
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/TotalBookValueSecuritiesAmt0311922
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FUND IS MAINTAINED BY PERSONAL AND BUSINESS CONTRIBUTIONS FROM WITHIN THE COMMUNITY. THROUGH THE GENEROSITY OF OUR RESIDENTS AND BUSINESSES, OVER 2.5 MILLION IN LOANS HAVE BEEN MADE TO STUDENTS THROUGHOUT THE YEARS. THE LOANS ARE DUE UPON GRADUATION AND BY PAYING IT FORWARD THE FUND IS CONTINUALLY REPLENISHED BY PAST RECIPIENTS TO SUPPORT STUDENTS IN THE FUTURE. LOANS ARE RENEWABLE FOR FOUR YEARS OF FULL TIME STUDIES AND REPAYABLE UPON COMPLETION OF ALL STUDIES. AS OF APRIL 30, 2016, THERE WERE 96 LOANS OUTSTANDING WITH AN AVERAGE BALANCE OF 6,600.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRIOR TO FILING, THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S OFFICER RESPONSIBLE FOR COORDINATING THE PREPARATION OF THE FORM WITH THE PAID PREPARER. AFTER REVIEW OF THE INTIAL DRAFT OF THE RETURN, THE OFFICER FORWARDS A COPY TO THE FULL BOARD PRIOR TO FILING. A BOARD OFFICER AUTHORIZES THE PAID PREPARER TO ELECTRONICALLY FILE THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS AND FORM 990 ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 CAN ALSO BE FOUND ON SEVERAL PUBLICALLY-ACCESSIBLE WEBSITES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3STUDENT LOAN RECEVABLE WRITE-OFF -30,052 TOTAL -30,052
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01505600
IRS990/TotalAssetsEOYAmt01485825
IRS990/TotalAssetsGrp/BOYAmt01505600
IRS990/TotalAssetsGrp/EOYAmt01485825
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03680
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02738
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03468
IRS990/TotalFunctionalExpensesGrp/TotalAmt06206
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01505600
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01485825
IRS990/TotalProgramServiceExpensesAmt03468
IRS990/TotalRevenueGrp/ExclusionAmt012803
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt016483
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01505600
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01485825
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0CHARLESTKING.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LAUREN AARON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09732580523
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHARLES T KING STUDENT LOAN FUND
ReturnHeader/Filer/BusinessNameControlTxt0CHAR
ReturnHeader/Filer/EIN0226052901
ReturnHeader/Filer/PhoneNum09732580523
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 45
ReturnHeader/Filer/USAddress/CityNm0SHORT HILLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007078
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0341602442
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0H & J CERTIFIED PUBLIC ACCOUNTANTS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07555 FREDLE DR STE 110
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CONCORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd044077
ReturnHeader/PreparerPersonGrp/PhoneNum04409512997
ReturnHeader/PreparerPersonGrp/PreparationDt02016-08-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROLLAND B STANDISH
ReturnHeader/ReturnTs02016-08-27T12:56:50-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-05-01
ReturnHeader/TaxPeriodEndDt02016-04-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,485,825
Liabilities
$0
Net assets
$1,485,825
Revenue
$16,483
Expenses
$6,206
Net income
$10,277
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$0.00$1.67$0.04$0.00$0.04
2024Summary only. Only limited summary data is available for this year.$1.63$0.00$1.63$0.05$0.01$0.04
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.00$1.59$0.02$0.00$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.58$0.00$1.58$0.02$0.00$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.55$0.00$1.55$0.02$0.00$0.02
2020Summary only. Only limited summary data is available for this year.$1.53$0.00$1.53$0.05$0.01$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.49$0.00$1.49$0.03$0.00$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.46$0.00$1.46$0.01$0.00$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.46$0.00$1.46$0.02$0.00$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.49$0.00$1.49$0.02$0.01$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.51$0.00$1.51$0.06$0.03$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.47$0.00$1.47$0.00$0.00$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.00$1.46$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$0.00$1.44$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$0.00$1.44$0.00