Staples Free School Trust
- Assets
- $624.8k
- Revenue
- $53.6k
- Investments
- $598.1k
- Employees
- 0
- Location
- Easton, CT
- Founding
- 12/1975
- Data as of
- 06/2022
- 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 06/2022, Staples Free School Trust generated $53.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $43.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Staples Free School Trust has awarded 50 individual grants totaling $190,690. 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
2022
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolann Vassallo Foundation Manager | 6 | $3,000 | |
Andrew Kachele Vice Chairperson | 1 | $0 | |
Ed Roche Secretary | 1 | $0 | |
Seth Cooper Chairperson | 1 | $0 | |
Dori Wollen Director | 1 | $0 | |
Gregg Saunders Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,092 |
| Interest on Savings | $6 |
| Dividends & Interest | $39,465 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $33,667 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $53,563 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $2,500 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $511 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $116 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,127 |
| Contributions, gifts, grants paid | $40,050 |
| Total expenses and disbursements | $43,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,644 |
| 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 | $598,108 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $624,752 |
| 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 $40,050 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ELENA BOSAK PURPOSE: TUITION | $10,000 |
MADIGAN STICHTER PURPOSE: TUITION | $10,000 |
RYAN THOMAS PURPOSE: TUITION | $8,000 |
GWENDOLYN NILES PURPOSE: TUITION | $8,000 |
CATHERINE DELORENZO PURPOSE: TUITION | $4,050 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University At Albany Foundation Albany, NY | $129,210,800 | $17,198,773 |
Trustees Of The Public Library Of The City Of Boston Boston, MA | $99,754,907 | $16,249,859 |
Lord Foundation Of Massachusetts Inc Cambridge, MA | $0 | $665,000 |
Queens College Foundation Inc Flushing, NY | $103,882,868 | $13,972,395 |
Threefold Educational Foundation & School Chestnut Ridge, NY | $15,163,557 | $9,817,859 |
Global Community Charter School New York, NY | $4,753,919 | $12,397,044 |
Mit International Inc Cambridge, MA | $42,886,000 | $6,428,000 |
Rit Global Delivery Corporation Rochester, NY | $10,659,016 | $9,744,189 |
Concord Consortium Inc Concord, MA | $4,473,971 | $11,489,391 |
Charles E Cotting Charitable Corp Boston, MA | $113,711,021 | $14,477,400 |
The Graduate Center Foundation Inc New York, NY | $72,994,369 | $16,026,752 |
Friends Of Mcgill University Inc New Rochelle, NY | $10,774,766 | $8,029,117 |