Totals
- Total revenue
- $6,769,174
- Total expenses
- $7,336,962
- Contributions and grants received
- $7,401,906
- Grants paid
- $5,379,838
- Program service revenue
- $0
- Investment income
- $424
- Other revenue
- -$633,156
- Total assets, end of year
- $7,495,885
- Total liabilities, end of year
- $583,029
- Net assets or fund balances, end of year
- $6,912,856
- Program services expenses (Part IX)
- $5,875,237
- Management and general expenses
- $640,527
- Fundraising expenses
- $821,198
- Program service expenses (Part III)
- $5,875,237
Program services were 80.1% 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.
-
1c · Fundraising events
$2,437,818
-
1e · Government grants (contributions)
$12,441
-
1f · All other contributions, gifts and grants
$4,951,647
-
1g · Noncash contributions included above
$267,094
-
3 · Investment income
total $424 · excluded $424
-
8a · Fundraising events: gross income
$32,500
-
8a · Fundraising events: contributions included on line 1c
$2,437,818
-
8b · Fundraising events: direct expenses
$783,023
-
8c · Net income from fundraising events
total -$750,523 · excluded -$750,523
-
11a · Other revenue: ADMINISTRATIVE FEES
total $80,859 · excluded $80,859
-
11b · Other revenue: FOREIGN CURRENCY EXCHANGE GAIN
total $36,508 · excluded $36,508
-
11e · Other revenue, total
$117,367
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $5,379,838 · program services $5,379,838
-
5 · Compensation of officers, directors and key employees
total $524,850 · program services $80,701 · management and general $137,131 · fundraising $307,018
-
7 · Other salaries and wages
total $465,661 · program services $127,120 · management and general $98,773 · fundraising $239,768
-
9 · Other employee benefits
total $47,853 · program services $12,891 · management and general $12,688 · fundraising $22,274
-
10 · Payroll taxes
total $68,212 · program services $14,324 · management and general $16,371 · fundraising $37,517
-
11b · Fees: legal
total $35,085 · program services $20,497 · management and general $14,530 · fundraising $58
-
11c · Fees: accounting
total $143,075 · program services $83,587 · management and general $59,251 · fundraising $237
-
11g · Fees: other
total $48,034 · program services $28,062 · management and general $19,892 · fundraising $80
-
12 · Advertising and promotion
total $44,598 · program services $11,131 · management and general $27,547 · fundraising $5,920
-
13 · Office expenses
total $13,209 · program services $310 · management and general $12,224 · fundraising $675
-
14 · Information technology
total $42,025 · program services $8,285 · management and general $24,881 · fundraising $8,859
-
16 · Occupancy
total $62,330 · program services $4,374 · management and general $57,956
-
17 · Travel
total $96,343 · program services $11,351 · management and general $55,804 · fundraising $29,188
-
20 · Interest
total $1,182 · management and general $1,182
-
23 · Insurance
total $26,199 · program services $6,758 · management and general $18,143 · fundraising $1,298
-
24a · Other expenses: PROGRAM SCOPING
total $231,027 · program services $57,757 · management and general $57,757 · fundraising $115,513
-
24b · Other expenses: FUNDRAISING EVENTS
total $105,587 · program services $26,397 · management and general $26,397 · fundraising $52,793
-
24c · Other expenses: STAFF DEVELOPMENT
total $1,854 · program services $1,854
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,367,525 · end of year $356,724
-
3 · Pledges and grants receivable
beginning of year $6,271,400 · end of year $6,058,844
-
9 · Prepaid expenses and deferred charges
beginning of year $311,820 · end of year $477,986
-
11 · Investments: publicly traded securities
beginning of year $505,948 · end of year $561,591
-
15 · Other assets
beginning of year $68,000 · end of year $40,740
-
17 · Accounts payable and accrued expenses
beginning of year $80,934 · end of year $179,664
-
19 · Deferred revenue
beginning of year $965,394 · end of year $360,992
-
25 · Other liabilities
beginning of year $43,291 · end of year $42,373
-
27 · Net assets without donor restrictions
beginning of year $934,581 · end of year $616,264
-
28 · Net assets with donor restrictions
beginning of year $6,500,493 · end of year $6,296,592
Mission and programs · 2023
Mission
THE KING'S TRUST USA AIMS TO SUPPORT THE GLOBAL WORK OF THE KING'S TRUST. TOGETHER WITH OUR PARTNERS, OUR MISSION IS TO HELP YOUNG PEOPLE TRANSFORM THEIR LIVES BY DEVELOPING THE CONFIDENCE AND SKILLS TO LIVE, LEARN AND EARN.
Activities or mission (Part I)
HELP YOUNG PEOPLE TRANSFORM THEIR LIVES BY DEVELOPING THE CONFIDENCE AND SKILLS TO LIVE, LEARN & EARN.
-
THERE ARE THREE SIGNIFICANT GLOBAL CHALLENGES THAT DRIVE THE WORK OF THE TRUST: THE RISING LEVELS OF YOUTH UNEMPLOYMENT (OVER 70 MILLION); THE LOW LEVELS OF SECONDARY EDUCATION COMPLETION (264 MILLION CHILDREN AND YOUNG PEOPLE OUT OF SCHOOL) AND THE WORLD'S RAPIDLY CHANGING POPULATIONS (OVER HALF OF THE GLOBAL POPULATION IS NOW UNDER 30).IN LIGHT OF THAT, THE MAIN PRIORITY IS TO HELP YOUNG PEOPLE TO IMPROVE THEIR LIVES THROUGH PARTNERSHIPS DELIVERING PRACTICAL SOLUTIONS THAT LEAD TO IMPROVED CONFIDENCE. THESE HELP SKILL YOUNG PEOPLE FOR WORK, SUPPORT THEM IN EDUCATION OR HELP THEM SET UP BUSINESSES.DURING FY23 THE ORGANIZATION RAISED FUNDS THAT WERE GRANTED TO ITS PARENT ORGANIZATION, PRINCE'S TRUST, A UK BASED ORGANIZATION.
Expenses $5,875,237 · Grants $5,379,838
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jeremy GreenJEREMY GREEN
CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Liz WeikesLIZ WEIKES
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Kate JamesKATE JAMES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rudyard CeresRUDYARD CERES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Romero BrittoROMERO BRITTO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Victoria GoreVICTORIA GORE
CEO
- Total calculated
- $267,755
- From this org
- $253,777
- From related orgs
- $0
- Other
- $13,978
- Hours/week
- 32
Schedule J breakdown matched by us
- Base
- $239,377
- Bonus
- $14,400
- Other
- $0
- Deferred
- $13,978
- Nontaxable benefits
- $0
- Filer's total
- $267,755
-
Alison ZayasALISON ZAYAS
DIRECTOR OF PHILANTHROPY
- Total calculated
- $224,333
- From this org
- $199,764
- From related orgs
- $0
- Other
- $24,569
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $184,864
- Bonus
- $14,900
- Other
- $0
- Deferred
- $11,720
- Nontaxable benefits
- $12,849
- Filer's total
- $224,333
-
Fergal LynchFERGAL LYNCH
DIR. OF EVENTS AND CORPORATE PARTNERSHIPS
- Total calculated
- $116,558
- From this org
- $109,636
- From related orgs
- $0
- Other
- $6,922
- Hours/week
- 40
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
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 7
- THE ORGANIZATION PAID A DISCRETIONARY BONUS DURING CALENDAR YEAR 2023, REPORTED IN PART II, COLUMN B(II).
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
No itemized grants to organizations 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.
-
THE PRINCE'S TRUST
TO HELP YOUNG PEOPLE TO IMPROVE THEIR LIVES · UK
-
THE KING'S TRUST AUSTRALIA
TO HELP YOUNG PEOPLE TO IMPROVE THEIR LIVES · AS
Directly controlled by THE KING'S TRUSTKING'S TRUST GROUP COMPANY
-
THE KING'S TRUST NEW ZEALAND
TO HELP YOUNG PEOPLE TO IMPROVE THEIR LIVES · NZ
Directly controlled by THE KING'S TRUSTKING'S TRUST GROUP COMPANY
-
THE KING'S TRUST CANADA
TO HELP YOUNG PEOPLE TO IMPROVE THEIR LIVES · CA
Directly controlled by THE KING'S TRUSTKING'S TRUST GROUP COMPANY
-
THE KING'S TRUST INTERNATIONAL
TO HELP YOUNG PEOPLE TO IMPROVE THEIR LIVES · UK
Directly controlled by THE KING'S TRUSTKING'S TRUST GROUP COMPANY
-
KING'S TRUST GROUP COMPANY
TO HELP YOUNG PEOPLE TO IMPROVE THEIR LIVES · UK
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
PRINCE TRUST TRADING COMPANY
TRADING ACTIVITIES · UK
Directly controlled by THE PRINCE'S TRUST
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 December 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423489349301607
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