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Nonprofiteer
← OAKLEAF ENDOWMENT TRUST FBO CONNECTICUT COLLEGE

Form 990 for tax year 2022

Filed by OAKLEAF ENDOWMENT TRUST FBO CONNECTICUT COLLEGE.

Totals

Total revenue
$1,038,283
Total expenses
$256,827
Contributions and grants received
$923,343
Grants paid
$194,623
Program service revenue
$0
Investment income
$114,940
Other revenue
$0
Total assets, end of year
$4,550,483
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,550,483
Program services expenses (Part IX)
$194,623
Management and general expenses
$62,204
Fundraising expenses
$0
Program service expenses (Part III)
$194,623

Program services were 75.8% 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

    $923,343

  • 3 · Investment income

    total $193,479 · excluded $193,479

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

    other assets $78,539

  • 7c · Gain or loss

    other assets -$78,539

  • 7d · Net gain or loss

    total -$78,539 · excluded -$78,539

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $194,623 · program services $194,623

  • 11c · Fees: accounting

    total $10,258 · management and general $10,258

  • 20 · Interest

    total $459 · management and general $459

  • 24a · Other expenses: PORTFOLIO DEDUCTIONS

    total $43,407 · management and general $43,407

  • 24b · Other expenses: OTHER PORTFOLIO DEDUCTI

    total $4,994 · management and general $4,994

  • 24c · Other expenses: FOREIGN TAXES

    total $3,061 · management and general $3,061

  • 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 $8,581 · end of year $10,118

  • 12 · Investments: other securities

    beginning of year $3,760,722 · end of year $4,540,365

  • 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 $3,769,303 · end of year $4,550,483

Mission and programs · 2022

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 $194,623 · Grants $194,623

As filed on the 2022 return.

Listed in Part VII

  • KATHERINE BERGERON

    TRUSTEE

    Total calculated
    $492,857
    From this org
    $0
    From related orgs
    $428,023
    Other
    $64,834
    Hours/week
    0.3 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $428,023 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,063 related
    Nontaxable benefits
    $0 + $45,771 related
    Filer's total
    $0 + $492,857 related

  • R DANIELLE EGAN

    TRUSTEE (APPOINTED 7/01/2022)

    Total calculated
    $205,034
    From this org
    $0
    From related orgs
    $165,178
    Other
    $39,856
    Hours/week
    0.3 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $165,178 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,890 related
    Nontaxable benefits
    $0 + $27,966 related
    Filer's total
    $0 + $205,034 related

  • AMANDA MAYFIELD

    TRUSTEE

    Total calculated
    $196,128
    From this org
    $0
    From related orgs
    $169,963
    Other
    $26,165
    Hours/week
    0.3 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $169,963 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,641 related
    Nontaxable benefits
    $0 + $15,524 related
    Filer's total
    $0 + $196,128 related

  • KIMBERLY M VERSTANDIG

    TRUSTEE

    Total calculated
    $433,185
    From this org
    $0
    From related orgs
    $387,630
    Other
    $45,555
    Hours/week
    0.3 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $387,630 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,989 related
    Nontaxable benefits
    $0 + $26,566 related
    Filer's total
    $0 + $433,185 related

  • JEFFREY COLE

    TRUSTEE (RESIGNED 7/01/2022)

    Total calculated
    $290,135
    From this org
    $0
    From related orgs
    $252,989
    Other
    $37,146
    Hours/week
    0.3 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $252,989 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,853 related
    Nontaxable benefits
    $0 + $22,293 related
    Filer's total
    $0 + $290,135 related

  • RICHARD A MADONNA JR

    CHAIR (RESIGNED 7/31/2022)

    Total calculated
    $241,078
    From this org
    $0
    From related orgs
    $213,085
    Other
    $27,993
    Hours/week
    0.3 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,085 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,158 related
    Nontaxable benefits
    $0 + $17,835 related
    Filer's total
    $0 + $241,078 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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349317274

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