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Nonprofiteer
← OAKLEAF ENDOWMENT TRUST FBO CONNECTICUT COLLEGE

Form 990 for tax year 2023

Filed by OAKLEAF ENDOWMENT TRUST FBO CONNECTICUT COLLEGE.

Totals

Total revenue
$231,897
Total expenses
$263,697
Contributions and grants received
$330
Grants paid
$207,534
Program service revenue
$0
Investment income
$231,567
Other revenue
$0
Total assets, end of year
$4,518,520
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,518,520
Program services expenses (Part IX)
$207,534
Management and general expenses
$56,163
Fundraising expenses
$0
Program service expenses (Part III)
$207,534

Program services were 78.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $330

  • 3 · Investment income

    total $182,655 · excluded $182,655

  • 7a · Gross sales of assets other than inventory

    other assets $48,912

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $48,912

  • 7d · Net gain or loss

    total $48,912 · excluded $48,912

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $207,534 · program services $207,534

  • 11c · Fees: accounting

    total $8,640 · management and general $8,640

  • 20 · Interest

    total $178 · management and general $178

  • 24a · Other expenses: PORTFOLIO DEDUCTIONS

    total $43,591 · management and general $43,591

  • 24b · Other expenses: FOREIGN TAXES

    total $2,100 · management and general $2,100

  • 24c · Other expenses: OTHER PORTFOLIO DEDUCTI

    total $1,629 · management and general $1,629

  • 24d · Other expenses: STATE OF MN FILING FEE

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $10,118 · end of year $2,834

  • 12 · Investments: other securities

    beginning of year $4,540,365 · end of year $4,515,686

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $4,550,483 · end of year $4,518,520

Mission and programs · 2023

Mission

TO ESTABLISH AN ENDOWMENT TO MAINTAIN AND ENHANCE THE QUALITY OF CONNECTICUT COLLEGE OR ITS SUCCESSOR BY MERGER OR CONSOLIDATION.

Activities or mission (Part I)

SEE PART III, LINE 1

  • TO MAINTAIN AND ENHANCE QUALITY OF CONNECTICUT COLLEGE. GRANTSASSIST THE CONNECTICUT COLLEGE WITH ITS DAILY OPERATING COSTS.ENDOWMENT REVENUE IS COMPOSED OF CONTRIBUTIONS AND INVESTMENTINCOME.

    Expenses $207,534 · Grants $207,534

As filed on the 2023 return.

Listed in Part VII

  • Katherine Bergeron

    TRUSTEE (RESIGNED 12/18/23)

    Total calculated
    $763,326
    From this org
    $0
    From related orgs
    $699,100
    Other
    $64,226
    Hours/week
    0.3 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $699,100 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,340 related
    Nontaxable benefits
    $0 + $40,886 related
    Filer's total
    $0 + $763,326 related

  • R Danielle Egan

    TRUSTEE

    Total calculated
    $275,669
    From this org
    $0
    From related orgs
    $223,431
    Other
    $52,238
    Hours/week
    0.3 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $223,431 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $24,172 related
    Nontaxable benefits
    $0 + $28,066 related
    Filer's total
    $0 + $275,669 related

  • Amanda Mayfield

    TRUSTEE

    Total calculated
    $245,148
    From this org
    $0
    From related orgs
    $211,641
    Other
    $33,507
    Hours/week
    0.3 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $211,641 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,364 related
    Nontaxable benefits
    $0 + $16,143 related
    Filer's total
    $0 + $245,148 related

  • Kimberly M Verstandig

    TRUSTEE (RESIGNED 12/18/23)

    Total calculated
    $271,995
    From this org
    $0
    From related orgs
    $232,471
    Other
    $39,524
    Hours/week
    0.3 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,471 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $21,813 related
    Nontaxable benefits
    $0 + $17,711 related
    Filer's total
    $0 + $271,995 related

  • Leslie Wong

    TRUSTEE (APPOINTED INTERIM 12/18/23)

    Total calculated
    $223,414
    From this org
    $0
    From related orgs
    $203,337
    Other
    $20,077
    Hours/week
    0.3 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $203,337 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,077 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $223,414 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433199349304573

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