Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1999.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
9 people listed on the 990; $190K paid to officers and key staff.
Lauri Naccarato’s $190K as Executive Di is at the 69th percentile of top reported officer pay among 163 $10–100M mutual/membership nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Hugh Spoljaric | — | — | $185,510 | $197,940 | $197,940 | $197,940 |
| Lauri Naccarato | $189,868 | $184,781 | $91,250 | — | — | — |
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 15aYes
Programs and updates
Offers health and welfare benefits to eligible Kingston Teachers' Federation members.
Questions for Kingston Trust Fund
Your first name shows with your question. Kingston Trust Fund answers here, for everyone.
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Member health insurance plan
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $14.0M | $11.0M |
| InvestmentsLn 11–13 | $26.2M | $28.2M |
| Land, buildings, equipmentLn 10c | $532K | $526K |
| Total assetsLn 16 | $43.9M | $41.0M |
| LiabilitiesLn 26 | $9.7M | $2.7M |
| Net assetsLn 32 | $34.2M | $38.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Benefits paid to or for membersLn 4 | $33.4M | |||
| Pay of current officers, directors and key staffLn 5 | $193K | |||
| Payroll taxesLn 10 | $33K | |||
| Legal feesLn 11b | $18K | |||
| Accounting feesLn 11c | $38K | |||
| Other fees for servicesLn 11g | $1.6M | |||
| Office expensesLn 13 | $46K | |||
| OccupancyLn 16 | $25K | |||
| Depreciation, depletion and amortizationLn 22 | $6K | |||
| InsuranceLn 23 | $15K | |||
| Other expenses (24a–d)Ln 24 | $9K | |||
| Total functional expensesLn 25 | $35.4M | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $39.5M | $35.4M | $4.1M | $38.3M | 990 PDF |
| FY2024 | $37.4M | $37.3M | $111K | $34.2M | 990 PDF |
| FY2023 | $34.9M | $35.0M | −$111K | $34.1M | 990 PDF |
| FY2022 | $32.7M | $27.4M | $5.3M | $34.2M | 990 PDF |
| FY2021 | $31.4M | $27.7M | $3.7M | $28.9M | 990 PDF |
| FY2020 | $31.4M | $24.6M | $6.8M | $25.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $39,454,625 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, no flags
Part VIII · Statement of revenue $39,454,625 across 5 lines filed
Part IX · Statement of functional expenses $35,355,677 across 11 lines filed
Part X · Balance sheet $40,958,631 assets, 13 lines filed
Part XI · Reconciliation of net assets $38,261,841 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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