Horace Staples Trust FY2021 filing

Westport, CTMutual-benefit / member-servingEIN 06-6039258Revenue $26K in FY2021

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

Tell your story. Claim this org

Distribution of income to the westport, CT board of education

16¢ of each $1 spent went to programs.
$3K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
16%
of spending
Concern: 16% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3K
to officers and key staff · 31% of spending
Concern: pay to officers and key staff is 31% of spending; over 30%.
Pt VII · Sec A
Cash reserves
43 mo
of spending, in cash
Looks good: 42.8 months of spending in cash; 3 or more.
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
$26K
Spent
$10K
To programs
16%
Net assets
$722K
By yearFY2021–FY2026
Revenue
$26K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$26K
FY2022$31K
FY2023$44K
FY2024$33K
FY2025$33K
FY2026$30K
Expenses
$10K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$10K
FY2022$23K
FY2023$6K
FY2024$62K
FY2025$63K
FY2026$43K
Net assets
$722K
FY2021
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 FY2021 Form 990 (year ending April 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2026) →

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

16 cents of each dollar spent went to programs.

Program services 16% · $2K Management & general 84% · $8K

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

Something off? Claim to fix it

Who runs it and what they're paid

3 people listed on the 990; $3K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Trustee
$1,000Pt VII · Sec A
$1,000Pt VII · Sec A
$1,000Pt 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.

See Horace Staples Trust executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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.

Questions for Horace Staples Trust

Tap to ask. Horace Staples Trust sees how many people are interested.

Your first name shows with your question. Horace Staples Trust answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $2K · in their own filed words · FY2020
01

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

$2Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$26K
Ln 12
Investment incomeLn 3$26K
Money outPt IX
$10K
Ln 25
Programscol B$2K
Managementcol C$8K
Owns and owesPt X
$722K
net assets · Ln 32
Cash and savingsLn 1–2$34K
Total assetsLn 16$722K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A3
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$26K
Gains on assetsLn 7$6
Total revenueLn 12$26K
Assets in detailPt X, end of year
CashLn 1$34K
Cash and savings togetherLn 1–2$34K
InvestmentsLn 11–13$688K
Total assetsLn 16$722K
LiabilitiesLn 26$0
Net assetsLn 32$722K
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 FY21End FY21
Cash and savingsLn 1–2$19K$34K
InvestmentsLn 11–13$683K$688K
Total assetsLn 16$702K$722K
LiabilitiesLn 26$3K$0
Net assetsLn 32$699K$722K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$3K$2K$2K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$2K$2K
InsuranceLn 23$400$400
Other expenses (24a–d)Ln 24$408$408
Total functional expensesLn 25$10K$2K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $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 Viewing $26K$10K$17K$722K 990 PDF

More to add? Claim this org

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 FY2021 990 (6 parts)
Part I · Summary $26,179 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 $28,189$26,179
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $28,189$26,179
I-13 Grants and similar amounts paidPrior year $25,844$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,000$3,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,140$6,569
I-18 Total expensesPrior year $32,984$9,569
I-19 Revenue less expensesPrior year −$4,795$16,610
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 $26,179 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $26,173$26,173
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6$6
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $26,179$26,179
Part IX · Statement of functional expenses $9,569 across 6 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $1,500 · Management $1,500$3,000
IX-11b Legal feesManagement $2,715$2,715
IX-11c Accounting feesManagement $1,350$1,350
IX-11g Other fees for servicesManagement $1,696$1,696
IX-23 InsuranceManagement $400$400
IX-24 Other expenses (24a–d)Management $408$408
IX-25 Total functional expensesPrograms $1,500 · Management $8,069 · Fundraising $0$9,569
Part X · Balance sheet $721,908 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $19,128$34,151
X-12 Other securitiesStart of year $682,867$687,757
X-16 Total assetsStart of year $701,995$721,908
X-25 Other liabilitiesStart of year $3,301$0
X-26 Total liabilitiesStart of year $3,301$0
X-32 Total net assets or fund balancesStart of year $698,694$721,908
X-33 Total liabilities and net assetsStart of year $701,995$721,908
Part XI · Reconciliation of net assets $721,908 net assets at year end
XI-1 Total revenue$26,179
XI-2 Total expenses$9,569
XI-3 Revenue less expenses$16,610
XI-4 Net assets at start of year$698,694
XI-9 Other changes in net assets$6,604
XI-10 Net assets at end of year$721,908

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.