Robey Charitable Trust
- Assets
- $10.1m
- Revenue
- $792.7k
- Investments
- $8.3m
- Employees
- 0
- Location
- Redding, CT
- Founding
- 09/1995
- Data as of
- 12/2021
- EIN
- 59-6961615
Organization Overview
Robey Charitable Trust is located in Redding, CT. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Robey Charitable 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 12/2021, Robey Charitable Trust generated $792.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 58.5% each year . All expenses for the organization totaled $604.3k during the year ending 12/2021. While expenses have increased by 54.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Robey Charitable Trust has awarded 39 individual grants totaling $1,148,100. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
AVE MARIA SCHOOL OF LAW: STUDENTS COMPLETE SELF-STUDY OF BUILDING BETTER EFFECTIVENESS MANUALS PROVIDED BY OUR TRUST AND SUBMIT ESSAYS UPON COMPLETION OF THEIR SELF-STUDY. TUITION GRANTS ARE MADE TO THE COLLEGE FOR TWENTY STUDENTS.
HILLSDALE COLLEGE: STUDENTS COMPLETE SELF-STUDY OF BUILDING BETTER EFFECTIVENESS MANUALS PROVIDED BY OUR TRUST AND SUBMIT ESSAYS UPON COMPLETION OF THEIR SELF-STUDY. TUITION GRANTS ARE MADE TO THE COLLEGE FOR THE STUDENTS WHO COMPLETED THE SELF-STUDY.
THOMAS MOORE COLLEGE: STUDENTS COMPLETE SELF-STUDY OF BUILDING BETTER EFFECTIVENESS MANUALS PROVIDED BY OUR TRUST AND SUBMIT ESSAYS UPON COMPLETION OF THEIR SELF-STUDY. TUITION GRANTS ARE MADE TO THE COLLEGE FOR FOUR STUDENTS.
SAINT JAMES CATHOLIC SCHOOL: STUDENTS COMPLETE SELF-STUDY OF BUILDING BETTER EFFECTIVENESS MANUALS PROVIDED BY OUR TRUST AND SUBMIT ESSAYS UPON COMPLETION OF THEIR SELF-STUDY. TUITION GRANTS ARE MADE TO THE COLLEGE FOR FOUR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Robey Officer | 0 | $47,670 | |
Paul Robey Officer | 0 | $330 | |
Matthew Robey Officer | 0 | $0 | |
Elizabeth Robey Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $580,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $209,830 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $172,855 |
| Capital Gain Net Income | $172,855 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$170,035 |
| Total Revenue | $792,650 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,982 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,089 |
| Printing and publications | $0 |
| Other expenses | $56,671 |
| Total operating and administrative expenses | $118,742 |
| Contributions, gifts, grants paid | $485,600 |
| Total expenses and disbursements | $604,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $364,660 |
| 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 | $598,703 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,483,089 |
| Total assets | $10,102,892 |
| 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, Robey Charitable Trust has awarded $485,600 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Naples, FL PURPOSE: TUITION SUPPORT | $160,000 |
Hillsdale, MI PURPOSE: TUITION AND ADMINISTRATION SUPPORT | $130,600 |
ST JAMES CATHOLIC SCHOOL PURPOSE: TUITION SUPPORT | $40,000 |
THOMAS MOORE COLLEGE PURPOSE: TUITION SUPPORT | $25,000 |
CATHOLIC CHARITIES PURPOSE: TUITION SUPPORT | $20,000 |
New Haven, CT PURPOSE: TUITION SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |