Civic Intelligence

Clyde King Sr Trust UW Ui 5 1002261

990 • Fiscal year 2024 • EIN 58-6026032

Jan 01, 2024 to Dec 31, 2024 • Filed on Apr 02, 2025

PO Box 919798Orlando, FL 32891-9798

(404) 724-3644

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.00x

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

89th percentile

49%

Higher net margin than 89% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$596

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

50th percentile

4.1%

Faster asset growth than 50% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Assets

Up

$544,979

Up $21,576 (+4.1%) from 2023

Net Assets

Up

$544,979

Up $21,576 (+4.1%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Up

$44,214

Up $48,765 (+1072%) from 2023

Expenses

Up

$22,651

Up $368 (+1.7%) from 2023

Net Income

Up

$21,563

Up $48,397 (+180%) from 2023

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $356,016Liabilities 2011: $02011Assets 2012: $366,347Liabilities 2012: $02012Assets 2013: $396,908Liabilities 2013: $02013Assets 2014: $396,187Liabilities 2014: $02014Assets 2015: $389,962Liabilities 2015: $02015Assets 2016: $392,860Liabilities 2016: $02016Assets 2017: $393,558Liabilities 2017: $02017Assets 2018: $420,879Liabilities 2018: $0Net Assets 2018: $420,8792018Assets 2019: $475,055Liabilities 2019: $0Net Assets 2019: $475,0552019Assets 2020: $469,859Liabilities 2020: $0Net Assets 2020: $469,8592020Assets 2021: $526,384Liabilities 2021: $0Net Assets 2021: $526,3842021Assets 2022: $549,977Liabilities 2022: $0Net Assets 2022: $549,9772022Assets 2023: $523,403Liabilities 2023: $0Net Assets 2023: $523,4032023Assets 2024: $544,979Liabilities 2024: $0Net Assets 2024: $544,9792024

Highlighted filing

2024

Assets$544,979
Liabilities$0
Net Assets$544,979

Operations Trend

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

$100K$50K$0-$50KRevenue 2011: $1,500Expenses 2011: $1,500Net Income 2011: $02011Revenue 2012: $1,500Expenses 2012: $1,500Net Income 2012: $02012Revenue 2013: $1,500Expenses 2013: $1,500Net Income 2013: $02013Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $0Expenses 2015: $1,500Net Income 2015: -$1,5002015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2020: $10,910Expenses 2020: $6,572Net Income 2020: $4,3382020Revenue 2021: $77,028Expenses 2021: $20,492Net Income 2021: $56,5362021Revenue 2022: $44,935Expenses 2022: $21,390Net Income 2022: $23,5452022Revenue 2023: -$4,551Expenses 2023: $22,283Net Income 2023: -$26,8342023Revenue 2024: $44,214Expenses 2024: $22,651Net Income 2024: $21,5632024

Highlighted filing

2024

Revenue$44,214
Expenses$22,651
Net Income$21,563
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 2, 2025
Return Version
2024v5.1
Gross Receipts
$44,214
Mission and Program Overview

Mission

Pay income to the board of regents of the georgia institute of technology

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$523,403$544,979▲ $21,576
Cap Stk Tr Prin Current Funds$523,403$544,979▲ $21,576
Total Assets$523,403$544,979▲ $21,576
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$523,403$544,979▲ $21,576
Total Liabilities and Net Assets / Fund Balance$523,403$544,979▲ $21,576
Compensation and Service Providers

Employees

NameTitleBaseTotal
-Trustee$596$596
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$44,214
Other Revenue
$0
Change in Net Assets
$21,563
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$21,305
Other Expenses$750
Salaries, Compensation, and Employee Benefits$596
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$21,305--$21,305
Fees for Services Accounting-$750-$750
Current Officers, Directors, Trustees, and Key Employees$298$298-$596
Total Functional Expenses$21,603$1,048$0$22,651
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Georgia Institute of TechnologyAtlanta, GA501(c)(3)Unrestricted Gift$21,305
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
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8A

The institutional trustee does not hold meetings

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8B

The institutional trustee does not hold meetings

Form 990, Page 6, Part VI, Line 11-description of Process for Review

An electronic copy is provided to the organization's governing body

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policy and financial statements are not made available to the public

Filing and Contact Details

Filer

Filer Name
Clyde King Sr Ui 5 Will Co Tr
EIN
58-6026032
Phone
4047243644
Address
PO BOX 919798, ORLANDO, FL 32891-9798

Signing Officer

Name
Truist Bank
Title
Director
Phone
4047243644
Signed
2025-04-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Truist Bank
Formed
1950
Legal Domicile
Ga
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Ernst & Young US Llp
Address
40 WESTMINSTER ST STE 800, PROVIDENCE, RI 02903
Preparer
Richard Raleigh
Phone
4014573839
Supplemental Narrative

Additional Explanations

ORGANIZATION'S MISSION

To provide support to the georgia institute of technology board of regents

Explanation for Form 990, Part XI, Line 9

Accrued income of $12 and rounding of $1.

Raw XML Appendix384 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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IRS990/InvestmentsPubTradedSecGrp/BOYAmt0523403
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IRS990/IRPDocumentCnt00
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION IS A CHARITABLE TRUST ESTABLISHED BY THE WILL OF CLYDE L. KING SR DATED 2/10/1939. PER THE TERMS OF THE DOCUMENT, THE NET INCOME OF THE TRUST IS TO BE PAID TO THE GEORGIA INSTITUTE OF TECHNOLOGY AND THE INCOME IS EARMARKED TO PROVIDE ASSISTANCE IN FINDING JOBS FOR YOUNG MEN OR LOANS TO BE REPAID AFTER SECURING EMPLOYMENT. THE TRUST HAS BEEN CONTINOUSLY SUPPORTING THE GEORGIA
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1INSTITUTE OF TECHNOLOGY SINCE THE TRUST'S INCEPTION AND THIS DEMONSTRATES A HISTORIC AND CONTINUING RELATIONSHIP WITH THE GEORGIA INSTITUE OF TECHNOLOGY OVER THE MANY YEARS OF THE TRUST'S EXISTENCE. IN ACCORDANCE WITH TREAS. REG. 1.509(A)-4(I)(1)(II), THE ORGANIZATION HAS MET THE REQUIREMENTS OF THE RESPONSIVENESS TEST.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE TRUST WAS ESTABLISHED BEFORE 11/20/1970 AND DID NOT RECEIVE ANY ADDITIONAL CONTRIBUTIONS, GRANTS, BEQUESTS, OR OTHER TRANSFERS ON OR AFTER THAT DATE. THE GOVERNING INSTRUMENT REQUIRES THE TRUST TO DISTRIBUTE ALL OF THE NET INCOME TO A DESIGNATED PUBLIC CHARITY AND THE TRUSTEE HAS NO DISCRETION TO VARY THE BENEFICIARIES OR THE AMOUNTS PAYABLE TO THE BENEFICIAIRES. THE TRUSTEES, NONE OF WHICH
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt3WOULD BE A DISQUALIFIED PERSON WITH RESPECT TO THE TRUST , MAKES ANNUAL WRITTEN REPORTS TO THE SUPPORTED ORGANIZATION WITH RESPECT TO SUCH TRUST SETTING FORTH A DESCRIPTION OF THE ASSETS OF THE TRUST INCLUDING A DETAILED LIST OF THE ASSETS AND INCOME PRODUCED BY SUCH ASSETS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SECTION D LINES 2 AND 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SECTION D LINES 2 AND 3 CONT.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART V
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc3PART V CONT.
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd030332
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS ARE PAID IN ACCORDANCE WITH THE TRUST DOCUMENT FOR PURPOSES SPECIFIED IN THE TRUST DOCUMENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE INSTITUTIONAL TRUSTEE DOES NOT HOLD MEETINGS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC
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ReturnHeader/ReturnTs02025-04-18T10:01:32-05:00
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