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Nonprofiteer
← KINGSTON AREA SUPPORTING ORGANIZATION INC

Form 990 for tax year 2024

Filed by KINGSTON AREA SUPPORTING ORGANIZATION INC.

Totals

Total revenue
$8,500,000
Total expenses
$0
Contributions and grants received
$8,500,000
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$8,500,000
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,500,000
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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

    $8,500,000

Balance sheet

Part X, book values.

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $8,500,000

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $8,500,000

Mission and programs · 2024

Mission

THE PURPOSE OF THE ORGANIZATION IS TO CARRY OUT THE ADMINISTRATION OF NOVO IN KINGSTON'S GRANTMAKING WHICH SUPPORTS THE RESILIENCE OF THE KINGSTON COMMUNITY AND SURROUNDING AREA WITH SPECIAL EMPHASIS ON THE NEEDS OF THE MOST HISTORICALLY AND CONTINUOUSLY MARGINALIZED.

Activities or mission (Part I)

THE KINGSTON AREA SUPPORTING ORGANIZATION INC'S MOST SIGNIFICANT ACTIVITIES FOR THE 2025 FISCAL YEAR WERE TO SET UP THE GOVERNANCE, INCLUDING TAX EXEMPTION, FINANCIAL MANAGEMENT, ACCOUNTING AND ADMINISTRATIVE SERVICES OF THE ORGANIZATION. OUR TWO MAIN PROGRAM AREAS ARE GRANTMAKING AND TECHNICAL SUPPORT.

  • THE GOAL OF THE ORGANIZATION IS TO PROVIDE STREAMLINED AND EFFICIENT GRANTS ADMINISTRATION AND TIMELY PAYMENTS TO GRANTEES. THE ORGANIZATION'S WORK WILL INCLUDE THE FOLLOWING FUNCTIONS OF THE SUPPORTING ORGANIZATION: GRANTMAKING, GOVERNANCE, FINANCIAL MANAGEMENT, ACCOUNTING AND OTHER ADMINISTRATIVE SERVICES.AS THIS REPRESENTS THE INITIAL YEAR OF THE ORGANIZATION'S EXISTENCE, PROGRAMMATIC OPERATIONS ARE SCHEDULED TO COMMENCE IN FISCAL YEAR 2026.

As filed on the 2024 return.

Listed in Part VII

  • Robert Cotter

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25 + 6 related

  • Rebecca Reynolds

    FIRST VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 3 related

  • Edward McCormick

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • Kerri Kleven

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Sangeeta Budhiraja

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Laura Washington

    PRESIDENT & CEO

    Total calculated
    $217,844
    From this org
    $0
    From related orgs
    $204,737
    Other
    $13,107
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $190,031 related
    Bonus
    $0
    Other
    $0 + $14,706 related
    Deferred
    $0 + $4,271 related
    Nontaxable benefits
    $0 + $8,836 related
    Filer's total
    $0 + $217,844 related

  • Darcy Kelly

    CFO

    Total calculated
    $131,487
    From this org
    $0
    From related orgs
    $112,166
    Other
    $19,321
    Hours/week
    1 + 37.5 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

The filer's explanations (Part III)

PART I, LINE 3
THE EXECUTIVE COMMITTEE INTERVIEWS THE BOARD OF TRUSTEES TO EVALUATE THE PRESIDENT & CEO. ONCE COMPLETED, THE RESULTS ARE COMPILED BY THE EXECUTIVE CHAIR OF THE BOARD OR TRUSTEE AS DESIGNATED. COMPENSATION IS SET BY THE EXECUTIVE COMMITTEE. INFORMATION USED TO MAKE THIS RECOMMENDATION INCLUDES AMOUNT AVAILABLE IN THE APPROVED OPERATING BUDGET, EXPERIENCE OF THE PRESIDENT & CEO, AND COMPENSATION DATA FROM THE COUNCIL ON FOUNDATIONS FOR SIMILAR SIZED COMMUNITY FOUNDATIONS NATIONALLY AND REGIONALLY. LOCAL AND REGIONAL NONPROFIT COMPENSATION DATA IS ALSO CONSIDERED WHERE AVAILABLE. THE PROCEDURE USED TO RECOMMEND AND APPROVE COMPENSATION MUST BE CAPTURED IN THE MINUTES OF THE BOARD OF TRUSTEES MEETINGS. THE LAST REVIEW OF THE PRESIDENT & CEO WAS CONDUCTED IN Q1 OF 2025.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
4 December 2025
IRS schema version
2024v5.2
Source object
202503389349301100

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