Bertie K Kellogg Trust FY2020 filing

Tax-deductible

New York, NY501(c)(3)Since 1968EducationEIN 23-6467156Revenue $678K in FY2020

On file with the IRSPo Box 1297, 10008-1297 · New York, NYTax-exempt since Jun 2012Supporting org, Type III (non-functionally integrated) — 509(a)(3)

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Distributes funds to charities (bard college and assn of episcopal colleges) as described in the Trust document

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$89K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $439K a year · 61% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$89K
to officers and key staff · 38% of spending
Concern: pay to officers and key staff is 38% of spending; over 30%.
Pt VII · Sec A
Cash reserves
41 mo
of spending, in cash
Looks good: 41.0 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
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$678K
Spent
$236K
To programs
79%
Net assets
$8.0M
By yearFY2020–FY2025
Revenue
$678K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$678K
FY2021$874K
FY2022$408K
FY2023$639K
FY2024$777K
FY2025$950K
Expenses
$236K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$236K
FY2021$247K
FY2022$253K
FY2023$313K
FY2024$314K
FY2025$328K
Net assets
$8.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$8.0M
FY2021$8.6M
FY2022$8.8M
FY2023$9.1M
FY2024$9.6M
FY2025$10.2M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2012.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $187K Management & general 21% · $49K

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

1 person listed on the 990; $89K paid to officers and key staff.

Part VII, Section A · reportable compensation
$88,721Pt VII · Sec A

Deutsche Bank Trust Company NA’s $108K as Trustee is at the 87th percentile of top reported officer pay among 1612 $100K–1M education 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 · 1 named individual · Part VII

NameFY2025FY2024FY2022FY2021FY2020
Deutsche Bank Trust Company NA$107,861$111,876$97,201$99,560$88,721

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

Distributes funds to charities as described in the trust document.

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Provided by the organization

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2 programs · in their own filed words · FY2020
01

Association of episcopal college

Pt IX · col B
02

Bard college

Pt IX · col B

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 · 12 grants · $1.1M · 2020–2025
Bard CollegeNY · FY2025$191,881
Bard CollegeNY · FY2024$176,902
Bard CollegeNY · FY2023$191,277
Bard CollegeNY · FY2022$136,563
Bard CollegeNY · FY2021$121,626
Bard CollegeNY · FY2020$128,347

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$678K
Ln 12
Investment incomeLn 3$678K
Money outPt IX
$236K
Ln 25
Programscol B$187K
Managementcol C$49K
Owns and owesPt X
$8.0M
net assets · Ln 32
Cash and savingsLn 1–2$804K
Total assetsLn 16$8.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$678K
Gains on assetsLn 7$479K
Total revenueLn 12$678K
Assets in detailPt X, end of year
CashLn 1$54K
SavingsLn 2$750K
Cash and savings togetherLn 1–2$804K
InvestmentsLn 11–13$7.2M
Total assetsLn 16$8.0M
LiabilitiesLn 26$0
Net assetsLn 32$8.0M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$229K$804K
InvestmentsLn 11–13$7.4M$7.2M
Total assetsLn 16$7.6M$8.0M
LiabilitiesLn 26$0$0
Net assetsLn 32$7.6M$8.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$143K$143K
Pay of current officers, directors and key staffLn 5$89K$44K$44K
Other expenses (24a–d)Ln 24$4K$4K
Total functional expensesLn 25$236K$187K$49K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $950K$328K$621K$10.2M 990 PDF
FY2024 $777K$314K$464K$9.6M 990 PDF
FY2023 $639K$313K$327K$9.1M 990 PDF
FY2022 $408K$253K$155K$8.8M 990 PDF
FY2021 $874K$247K$628K$8.6M 990 PDF
FY2020 Viewing $678K$236K$442K$8.0M 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 FY2020 990 (6 parts)
Part I · Summary $677,526 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $654,930$677,526
I-11 Other revenue$0
I-12 Total revenuePrior year $654,930$677,526
I-13 Grants and similar amounts paidPrior year $178,624$142,608
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $80,798$88,721
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $4,799$4,184
I-18 Total expensesPrior year $264,221$235,513
I-19 Revenue less expensesPrior year $390,709$442,013
Part VI · Governance 4 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
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 $677,526 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $198,109$198,109
VIII-7 Net gain or loss on sales of assetsExcluded from tax $479,417$479,417
VIII-12 Total revenueExcluded from tax $677,526$677,526
Part IX · Statement of functional expenses $235,513 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $142,608$142,608
IX-5 Pay of current officers, directors and key staffPrograms $44,360 · Management $44,361$88,721
IX-24 Other expenses (24a–d)Management $4,184$4,184
IX-25 Total functional expensesPrograms $186,968 · Management $48,545 · Fundraising $0$235,513
Part X · Balance sheet $8,024,969 assets, 7 lines filed
X-1 Cash, non-interest-bearing$53,850
X-2 Savings and temporary cash investmentsStart of year $228,897$749,843
X-13 Program-related investmentsStart of year $7,351,276$7,221,276
X-16 Total assetsStart of year $7,580,173$8,024,969
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $7,580,173$8,024,969
X-33 Total liabilities and net assetsStart of year $7,580,173$8,024,969
Part XI · Reconciliation of net assets $8,024,969 net assets at year end
XI-1 Total revenue$677,526
XI-2 Total expenses$235,513
XI-3 Revenue less expenses$442,013
XI-4 Net assets at start of year$7,580,173
XI-9 Other changes in net assets$2,783
XI-10 Net assets at end of year$8,024,969

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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