Staples Free School Trust
- Assets
- $598.7k
- Revenue
- $22.6k
- Investments
- $586.0k
- Employees
- 0
- Location
- Easton, CT
- Founding
- 12/1975
- Data as of
- 06/2023
- EIN
- 06-6038707
Organization Overview
Staples Free School Trust is located in Easton, CT. The organization was established in 1975. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Staples Free School Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Staples Free School Trust generated $22.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $44.5k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Staples Free School Trust has awarded 56 individual grants totaling $230,690. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION PROVIDES SCHOLARSHIPS AND INTEREST FREE LOANS TO QUALIFIED EASTON STUDENTS ATTENDING ACCREDITED COLLEGES AND UNIVERSITIES
NOT APPLICABLE
NOT APPLICABLE
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Seth Cooper Chair | 1 | $0 | |
Andrew Kachele Vice Chair | 0.5 | $0 | |
Ed Roche Secretary | 0.5 | $0 | |
Gregg Saunders Treasurer | 1.5 | $0 | |
Suzanne Dow Na | 0.5 | $0 | |
Todd Johnston Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,951 |
| Interest on Savings | $130 |
| Dividends & Interest | $14,520 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,601 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $3,250 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,020 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $240 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,510 |
| Contributions, gifts, grants paid | $40,000 |
| Total expenses and disbursements | $44,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,718 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $230,004 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $598,686 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Staples Free School Trust has awarded $40,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GIA GIORGIANNI PURPOSE: TUITION | $5,000 |
GWENDOLYN NILES PURPOSE: TUITION | $7,000 |
MADIGAN STICHTER PURPOSE: TUITION | $8,000 |
CHLOE GORDON PURPOSE: TUITION | $6,000 |
MAYE STICHTER PURPOSE: TUITION | $7,000 |
RYAN THOMAS PURPOSE: TUITION | $7,000 |