Horace Staples Trust

Westport, CTMutual-benefit / member-servingEIN 06-6039258Revenue $30K in FY2026

On file with the IRSCo Cohen and Wolf PC 320 Post, 06880-0000 · Westport, CTTax-exempt since 0000

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Distribution of income to the westport, CT board of education

68¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2026 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $2K a year · 5% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$30K
-10% vs prior year
Spent
$43K
To programs
68%
Net assets
$696K
By yearFY2021–FY2026
Revenue
$30K
FY2026▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2021$26K
FY2022$31K
FY2023$44K
FY2024$33K
FY2025$33K
FY2026$30K
Expenses
$43K
FY2026▼ -31%
Tap a bar for its year
Expenses by fiscal year
FY2021$10K
FY2022$23K
FY2023$6K
FY2024$62K
FY2025$63K
FY2026$43K
Net assets
$696K
FY2026▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2021$722K
FY2022$729K
FY2023$768K
FY2024$738K
FY2025$708K
FY2026$696K

From the FY2026 Form 990 (year ending April 2026) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in 0000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $30K Management & general 32% · $14K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2025); the FY2026 filing did not itemize Part VII
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Samuel Gault$1,000$1,000$1,000$1,000$1,000
Rj Diviney—$1,000$1,000$1,000$1,000
Thomas C Hofstetter———$1,000$1,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides annual income to the Westport, CT Board of Education.

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Provided by the organization

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1 program · $30K · in their own filed words · FY2025
01

Distribution of fiscal year end income to the westport,ct board of education

$30Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $118K · 2023–2025
Westport Board of EducationFY2025$29,627
Westport Board of EducationFY2024$44,679
Westport Board of EducationFY2023$43,258

By the numbers

The FY2026 990, line by line.

1The main four
Money inPt VIII
$30K
Ln 12
Investment incomeLn 3$22K
Other incomeLn 4–11$8K
Money outPt IX
$43K
Ln 25
Programscol B$30K
Managementcol C$14K
Owns and owesPt X
$696K
net assets · Ln 32
Cash and savingsLn 1–2$1
Total assetsLn 16$696K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$22K
Other incomeLn 4–11$8K
Gains on assetsLn 7$0
Total revenueLn 12$30K
Assets in detailPt X, end of year
CashLn 1$1
Cash and savings togetherLn 1–2$1
InvestmentsLn 11–13$696K
Total assetsLn 16$696K
LiabilitiesLn 26$0
Net assetsLn 32$696K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY26End FY26
Cash and savingsLn 1–2$8K$1
InvestmentsLn 11–13$700K$696K
Total assetsLn 16$708K$696K
LiabilitiesLn 26$0$0
Net assetsLn 32$708K$696K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$30K$30K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$6K$6K
InsuranceLn 23$300$300
Other expenses (24a–d)Ln 24$475$475
Total functional expensesLn 25$43K$30K$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest Viewing $30K$43K−$14K$696K 990 PDF
FY2025 $33K$63K−$30K$708K 990 PDF
FY2024 $33K$62K−$29K$738K 990 PDF
FY2023 $44K$6K$38K$768K 990 PDF
FY2022 $31K$23K$7K$729K 990 PDF
FY2021 $26K$10K$17K$722K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2026 990 (6 parts)
Part I · Summary $29,666 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $32,531$22,055
I-11 Other revenuePrior year $361$7,611
I-12 Total revenuePrior year $32,892$29,666
I-13 Grants and similar amounts paidPrior year $44,679$29,627
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,000$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $17,271$13,694
I-18 Total expensesPrior year $62,950$43,321
I-19 Revenue less expensesPrior year −$30,058−$13,655
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $29,666 across 4 lines filed
VIII-3 Investment incomeExcluded from tax $22,055$22,055
VIII-7 Net gain or loss on sales of assets$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $7,611$7,611
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $29,666$29,666
Part IX · Statement of functional expenses $43,321 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $29,627$29,627
IX-11b Legal feesManagement $4,694$4,694
IX-11c Accounting feesManagement $2,650$2,650
IX-11g Other fees for servicesManagement $5,575$5,575
IX-23 InsuranceManagement $300$300
IX-24 Other expenses (24a–d)Management $475$475
IX-25 Total functional expensesPrograms $29,627 · Management $13,694 · Fundraising $0$43,321
Part X · Balance sheet $695,736 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $7,784$1
X-12 Other securitiesStart of year $700,390$695,735
X-16 Total assetsStart of year $708,174$695,736
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $708,174$695,736
X-33 Total liabilities and net assetsStart of year $708,174$695,736
Part XI · Reconciliation of net assets $695,736 net assets at year end
XI-1 Total revenue$29,666
XI-2 Total expenses$43,321
XI-3 Revenue less expenses−$13,655
XI-4 Net assets at start of year$708,174
XI-9 Other changes in net assets$1,217
XI-10 Net assets at end of year$695,736

Form 990 e-file (XML) FY2026 from the IRS · Classification, formation year and address from the IRS Business Master File

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