Horace Staples Trust FY2022 filing

Westport, CTMutual-benefit / member-serving EIN 06-6039258Revenue $31K in FY2022

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

78¢ 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

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FY2022 · 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
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
16 mo
of spending, in cash
Plus $697K in investments, Pt X · Ln 11–13
Looks good: 16.4 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
$31K
+17% vs prior year
Spent
$23K
To programs
78%
Net assets
$729K
By yearFY2021–FY2026
Revenue
$31K
FY2022▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2021$26K
FY2022$31K
FY2023$44K
FY2024$33K
FY2025$33K
FY2026$30K
Expenses
$23K
FY2022▲ +144%
Tap a bar for its year
Expenses by fiscal year
FY2021$10K
FY2022$23K
FY2023$6K
FY2024$62K
FY2025$63K
FY2026$43K
Net assets
$729K
FY2022▲ +1%
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 FY2022 Form 990 (year ending April 2022) · see the original

990 PDF Claim
You’re viewing the FY2022 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

78 cents of each dollar spent went to programs.

Program services 78% · $18K Management & general 22% · $5K

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; $3K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 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.

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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 · $18K · in their own filed words · FY2021
01

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

$18Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$31K
Ln 12
Investment incomeLn 3$31K
Money outPt IX
$23K
Ln 25
Programscol B$18K
Managementcol C$5K
Owns and owesPt X
$729K
net assets · Ln 32
Cash and savingsLn 1–2$32K
Total assetsLn 16$729K
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$31K
Gains on assetsLn 7$4K
Total revenueLn 12$31K
Assets in detailPt X, end of year
CashLn 1$32K
Cash and savings togetherLn 1–2$32K
InvestmentsLn 11–13$697K
Total assetsLn 16$729K
LiabilitiesLn 26$0
Net assetsLn 32$729K
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 FY22End FY22
Cash and savingsLn 1–2$34K$32K
InvestmentsLn 11–13$688K$697K
Total assetsLn 16$722K$729K
LiabilitiesLn 26$0$0
Net assetsLn 32$722K$729K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$17K$17K
Pay of current officers, directors and key staffLn 5$3K$2K$2K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$1K$1K
InsuranceLn 23$400$400
Other expenses (24a–d)Ln 24$439$439
Total functional expensesLn 25$23K$18K$5K$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 Viewing $31K$23K$7K$729K 990 PDF
FY2021 $26K$10K$17K$722K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $30,567 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 $26,179$30,567
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $26,179$30,567
I-13 Grants and similar amounts paidPrior year $0$16,610
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 $6,569$3,713
I-18 Total expensesPrior year $9,569$23,323
I-19 Revenue less expensesPrior year $16,610$7,244
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 $30,567 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $26,416$26,416
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,151$4,151
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $30,567$30,567
Part IX · Statement of functional expenses $23,323 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $16,610$16,610
IX-5 Pay of current officers, directors and key staffPrograms $1,500 · Management $1,500$3,000
IX-11c Accounting feesManagement $1,750$1,750
IX-11g Other fees for servicesManagement $1,124$1,124
IX-23 InsuranceManagement $400$400
IX-24 Other expenses (24a–d)Management $439$439
IX-25 Total functional expensesPrograms $18,110 · Management $5,213 · Fundraising $0$23,323
Part X · Balance sheet $729,152 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $34,151$31,961
X-12 Other securitiesStart of year $687,757$697,191
X-16 Total assetsStart of year $721,908$729,152
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $721,908$729,152
X-33 Total liabilities and net assetsStart of year $721,908$729,152
Part XI · Reconciliation of net assets $729,152 net assets at year end
XI-1 Total revenue$30,567
XI-2 Total expenses$23,323
XI-3 Revenue less expenses$7,244
XI-4 Net assets at start of year$721,908
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$729,152

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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