Kingston College Old Boys Assoc Usa Inc
- Assets
- $197.6k
- Revenue
- $194.5k
- Investments
- $0.0
- Employees
- 0
- Location
- New Windsor, NY
- Founding
- 09/1994
- Data as of
- 05/2023
- EIN
- 11-2676095
Organization Overview
Kingston College Old Boys Assoc Usa Inc, operating under the name KCOBA USA Inc, is located in New Windsor, NY. The organization was established in 1994. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, 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. KCOBA USA Inc 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 05/2023, KCOBA USA Inc generated $194.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $166.8k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE INTEREST OF KINGSTON COLLEGE KCAND PARTNER WITH OTHER ORGANIZATIONS ON INITIATIVES BENEFITING OUR LOCAL COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR FLAGSHIP SCHOLARSHIP PROGRAM AIMS TO PROVIDE GREATER ACCESS TO QUALITY SECONDARY AND TERTIARY EDUCATION FOR DESERVING STUDENTS. OUR SELECTION PROCESS IS STRATEGIC AND AWARDS ARE BASED NOT SOLELY MERIT BUT ALSO INCLUDES CRITICAL NEED BASED COMPONENT. AS OF THE REPORTING PERIOD, THERE ARE OVER ONE HUNDRED AND FIFTY(150) STUDENTS RECEIVING SCHOLARSHIPS AWARDS
KCOBA USA SUPPORTS A NUMBER OF SPORTS PROGRAMS AND RELATED INITIATIVES BENEFITING STUDENTS ATHLETES AND COACHES AT KINGSTON COLLEGE.
KCOBA USA PROVIDES ONGOING SUPPORT AS WELL AS RESPOND TO NEED BASED REQUESTS FROM UNDERFUNDED PROGRAMS, ACTIVITIES AND/OR NEW INITIATIVES BENEFITING VARIOUS SEGMENTS OF THE SCHOOL'S POPULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Bell 1st Vice President | OfficerTrustee | 10 | $0 |
Courtney Richardson 2nd Vice President | OfficerTrustee | 8 | $0 |
Royland Gordon Treasurer | OfficerTrustee | 12 | $0 |
Winston Henry Secretary | OfficerTrustee | 9 | $0 |
Alton Brown Director | Trustee | 2 | $0 |
Norman Scott Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,075 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $167,983 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $174,058 |
| Total Program Service Revenue | $0 |
| Investment income | $55 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,026 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,408 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $194,547 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,447 |
| Grants and other assistance to domestic individuals. | $3,795 |
| Grants and other assistance to Foreign Orgs/Individuals | $111,660 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $55 |
| Office expenses | $16,744 |
| Information technology | $1,032 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,090 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $190 |
| All other expenses | $0 |
| Total functional expenses | $166,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,647 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,736 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,989 |
| Prepaid expenses and deferred charges | $2,119 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,071 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $197,562 |
| Accounts payable and accrued expenses | $13,927 |
| Grants payable | $0 |
| Deferred revenue | $5,161 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,088 |
| Net assets without donor restrictions | $69,428 |
| Net assets with donor restrictions | $109,046 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $197,562 |
Grants Awarded
Over the last fiscal year, Kingston College Old Boys Assoc Usa Inc has awarded $11,844 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOWARD UNIVERSITY PURPOSE: Mission Support | $6,134 |
HUNTER COLLEGE PURPOSE: Mission Support | $5,710 |