2024-12-13T16:55:11-06:00 2024-03-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2023-04-01 825457122 THE KING'S TRUST USA INC KING 6467687878 45 W 27TH STREET 11TH FLOOR NEW YORK NY 10001 VICTORIA GORE CEO 6467687878 2024-12-13 1 0 EVA MRUK P00543254 9143818900 2024-12-13 2023 2024-10-15 13:58:12Z VICTORIA GORE 45 W 27TH STREET 11TH FLOOR NEW YORK NY 10001 7552197 0 X HTTPS://KINGSTRUST.US/ X 2018 NY HELP YOUNG PEOPLE TRANSFORM THEIR LIVES BY DEVELOPING THE CONFIDENCE AND SKILLS TO LIVE, LEARN & EARN. 5 5 8 5 0 0 8759650 7401906 0 0 8643 424 692011 -633156 9460304 6769174 5611258 5379838 0 0 509361 1106576 56029 0 821198 596203 850548 6772851 7336962 2687453 -567788 8524693 7495885 1089619 583029 7435074 6912856 X THE KING'S TRUST USA AIMS TO SUPPORT THE GLOBAL WORK OF THE KING'S TRUST. TOGETHER WITH OUR PARTNERS, OUR MISSION IS TO HELP YOUNG PEOPLE TRANSFORM THEIR LIVES BY DEVELOPING THE CONFIDENCE AND SKILLS TO LIVE, LEARN AND EARN. 0 0 5875237 5379838 0 THERE ARE THREE SIGNIFICANT GLOBAL CHALLENGES THAT DRIVE THE WORK OF THE TRUST: THE RISING LEVELS OF YOUTH UNEMPLOYMENT (OVER 70 MILLION); THE LOW LEVELS OF SECONDARY EDUCATION COMPLETION (264 MILLION CHILDREN AND YOUNG PEOPLE OUT OF SCHOOL) AND THE WORLD'S RAPIDLY CHANGING POPULATIONS (OVER HALF OF THE GLOBAL POPULATION IS NOW UNDER 30).IN LIGHT OF THAT, THE MAIN PRIORITY IS TO HELP YOUNG PEOPLE TO IMPROVE THEIR LIVES THROUGH PARTNERSHIPS DELIVERING PRACTICAL SOLUTIONS THAT LEAD TO IMPROVED CONFIDENCE. THESE HELP SKILL YOUNG PEOPLE FOR WORK, SUPPORT THEM IN EDUCATION OR HELP THEM SET UP BUSINESSES.DURING FY23 THE ORGANIZATION RAISED FUNDS THAT WERE GRANTED TO ITS PARENT ORGANIZATION, PRINCE'S TRUST, A UK BASED ORGANIZATION. 5875237 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 17 0 8 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 5 5 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 NY CA MI NJ FL X X X VICTORIA GORE 6467687878 45 W 27TH STREET 11TH FLOOR NEW YORK NY 10001 JEREMY GREEN CHAIR 4.00 X X 0 0 0 LIZ WEIKES TREASURER 1.00 X X 0 0 0 KATE JAMES BOARD MEMBER 1.00 X 0 0 0 RUDYARD CERES BOARD MEMBER 2.00 X 0 0 0 ROMERO BRITTO BOARD MEMBER 1.00 X 0 0 0 VICTORIA GORE CEO 32.00 X 253777 0 13978 ALISON ZAYAS DIRECTOR OF PHILANTHROPY 40.00 X 199764 0 24569 FERGAL LYNCH DIR. OF EVENTS AND CORPORATE PARTNERSHIPS 40.00 X 109636 0 6922 563177 0 45469 3 0 1 0 10 SOUTH STREET BANQUET OPERATOR LLC 10 SOUTH ST NEW YORK NY 10004 CATERING/VENUE SERVICES 387830 1 2437818 12441 4951647 267094 7401906 424 424 32500 2437818 783023 -750523 -750523 ADMINISTRATIVE FEES 900099 80859 80859 FOREIGN CURRENCY EXCHANGE GAIN 900099 36508 36508 117367 6769174 0 0 -632732 5379838 5379838 524850 80701 137131 307018 465661 127120 98773 239768 47853 12891 12688 22274 68212 14324 16371 37517 35085 20497 14530 58 143075 83587 59251 237 48034 28062 19892 80 44598 11131 27547 5920 13209 310 12224 675 42025 8285 24881 8859 62330 4374 57956 96343 11351 55804 29188 1182 1182 26199 6758 18143 1298 PROGRAM SCOPING 231027 57757 57757 115513 FUNDRAISING EVENTS 105587 26397 26397 52793 STAFF DEVELOPMENT 1854 1854 7336962 5875237 640527 821198 1367525 356724 6271400 6058844 311820 477986 505948 561591 68000 40740 8524693 7495885 80934 179664 965394 360992 43291 42373 1089619 583029 X 934581 616264 6500493 6296592 7435074 6912856 8524693 7495885 -567788 45570 0 X X 0 1 X 1 0 X 8563689 2612026 7986506 8759650 7401906 35323777 8563689 2612026 7986506 8759650 7401906 35323777 13571518 21752259 839 424 1263 418114 0 418114 900 52719 273897 117367 444883 36188037 0.60110 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REIMBURSEMENTS - 2020 AMOUNT: $ 900. ADMINISTRATIVE FEES - 2021 AMOUNT: $ 52,719. 2022 AMOUNT: $ 126,041. 2023 AMOUNT: $ 80,859. REALIZED EXCHANGE GAIN OR LOSS - 2022 AMOUNT: $ 147,856. 2023 AMOUNT: $ 36,508. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 SBA ECONOMIC INJURY DISASTER LOAN 42373 42373 X 7466271 45570 587978 98805 732353 6733918 35256 35256 6769174 7988489 587978 98805 686783 7301706 35256 35256 7336962 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR THE YEARS PRIOR TO MARCH 31, 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF SPECIAL EVENT EXPENSES TO PART VIII 98,805. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF EVENT EXPENSES TO PART IX 35,256. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF SPECIAL EVENT EXPENSES TO PART VIII 98,805. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF EVENT EXPENSES TO PART IX 35,256. 1 EUROPE 0 0 GRANTMAKING 5127358 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 200000 NORTH AMERICA 0 0 GRANTMAKING 52480 0 0 0 0 0 0 5379838 0 5379838 EUROPE SUPPORT YOUNG PEOPLE 3731873 WIRE 0 EUROPE SUPPORT YOUNG PEOPLE 1395485 WIRE 0 EAST ASIA AND THE PACIFIC SUPPORT YOUNG PEOPLE 125000 WIRE 0 EAST ASIA AND THE PACIFIC SUPPORT YOUNG PEOPLE 75000 WIRE 0 NORTH AMERICA SUPPORT YOUNG PEOPLE 52480 WIRE 0 5 0 0 0 0 0 0 PART I, LINE 2: ESTABLISHED IN 2019 TO BENEFIT GLOBAL YOUTH, INCLUDING WITHIN THE USA. WE ALSO SUPPORT ESTABLISHED PROGRAMMING ABROAD (VIA OUR PARENT CHARITY, THE KING'S TRUST) WHICH HAS SERVED OVER A MILLION YOUNG PEOPLE WORLDWIDE, OVER THE LAST 45-PLUS YEARS. AS A RESULT OF OUR YOUTH PROGRAMMING IN OVER 20 COUNTRIES WORLDWIDE, THE KING'S TRUST USA, INC. ENSURES THAT: - THREE IN FOUR YOUNG PEOPLE SUPPORTED BY THE KING'S TRUST MOVE INTO WORK, TRAINING, OR EDUCATION. - A GOAL OF APPROXIMATELY $0.87 OF EVERY $1 DONATED TO THE KING'S TRUST IS SPENT ON YOUTH PROGRAMMING. EACH DONATION IS SUBJECT TO STAFF AND BOARD REVIEWS AND APPROVALS BEFORE BEING GRANTED. WE ALSO ENGAGE TRUSTED PARTNER ORGANIZATIONS TO DELIVER SERVICES TO YOUTH. INDIVIDUALS RECIPROCATE CHARITY ARE RESPONSIBLE TO PROVIDE UPDATES ON DELIVERABLES AND MEASURABLE OUTCOMES. GALA 2425002 2394502 30500 264127 101077 401253 WOMEN'S LUNCHEON 45316 43316 2000 16566 2470318 2437818 32500 264127 101077 417819 783023 -750523 X X X X X 0 0 0 0 0 0 0 1 0 VICTORIA GORE CEO 239377 0 14400 0 0 0 13978 0 0 0 267755 0 0 0 ALISON ZAYAS DIRECTOR OF PHILANTHROPY 184864 0 14900 0 0 0 11720 0 12849 0 224333 0 0 0 PART I, LINE 7 THE ORGANIZATION PAID A DISCRETIONARY BONUS DURING CALENDAR YEAR 2023, REPORTED IN PART II, COLUMN B(II). X 2 38000 SALE COMPARABLE PROPERTY X 1 100289 AVG. SELLING PRICE X 5 57250 SALE COMPARABLE PROPERTY X AIRLINE MILES 1 68000 MILES VALUE X CULTURAL PRODUCTS 4 2595 SALE COMPARABLE PROP X TICKETS/EXPERIENCE 2 960 SALE COMPARABLE PROP 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B) OF SCHEDULE M. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION HAS CHANGED THEIR NAME FROM "PRINCE'S TRUST AMERICA" TO "THE KING'S TRUST USA". THE AMENDED ARTICLES OF INCORPORATION HAVE BEEN CHANGED ACCORDINGLY. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE CORPORATION IS THE KING'S TRUST GROUP COMPANY, A COMPANY INCORPORATED IN ENGLAND AND WALES WITH COMPANY NUMBER 14142157 HAVING AS ITS REGISTERED ADDRESS SOUTH LONDON CENTRE, 8 GLADE PATH, LONDON SE1 8EG UNITED KINGDOM. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER OF THE ORGANIZATION HAS THE RIGHT TO ELECT MEMBERS OF THE BOARD OF TRUSTEES. THE MEMBER SHALL ELECT THE MEMBERS OF THE CORPORATION'S BOARD AT THE ANNUAL MEETING OF THE MEMBER'S GOVERNING BOARD, AT ANY REGULAR OR SPECIAL MEETING OF THE MEMBER'S GOVERNING BOARD CALLED FOR THIS PURPOSE, OR VIA UNANIMOUS CONSENT OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER HAS THE POWER TO REMOVE BOARD MEMBERS, APPROVE ANY DISSOLUTION OR TO AMEND ANY GOVERNING DOCUMENT. FORM 990, PART VI, SECTION B, LINE 11B THE KING'S TRUST USA, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD FOR APPROVAL. ONCE THE BOARD HAS APPROVED THE RETURN IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO DIRECTORS, OFFICERS OR KEY PERSONS OF THE ORGANIZATION. ANNUALLY, ALL APPLICABLE PERSONS ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE STATEMENT. THESE INDIVIDUALS HAVE A DUTY TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST AND GIVE ALL MATERIAL FACTS TO THE BOARD. AFTER DISCLOSURE THE INTERESTED PERSON SHALL LEAVE THE BOARD MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON BY THE REMAINING BOARD MEMBERS. THE REMAINING BOARD MEMBERS DECISION WILL BE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CEO AND KEY EMPLOYEE ARE REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE. THE ORGANIZATION ENGAGES AN INDEPENDENT COMPENSATION CONSULTANT TO CONDUCT AN INDEPENDENT SALARY REVIEW AND USES VARIOUS COMPENSATION DATA FOR CEOS AND OTHER PERSONS OF FUNCTIONALLY COMPARABLE POSITIONS FOR SIMILARLY QUALIFIED PERSONS AT SIMILARLY SITUATED ORGANIZATIONS. THE ORGANIZATION MAINTAINS CONTEMPORANEOUS DOCUMENTATION OF ITS PROCEEDINGS, DELIBERATIONS AND SUPPORTING DECISIONS IN ITS BOARD MINUTES. THE PROCESS WAS LAST UNDERTAKEN DURING THE YEAR 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS ALSO POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FORM 1023, FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. PART XII, LINE 2C THE ORGANIZATION HAS AN AUDIT COMMITTEE WHICH IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE PRINCE'S TRUST 8 GLADE PATH LONDON UK SE1 8EG TO HELP YOUNG PEOPLE TO IMPROVE THEIR LIVES UK N/A 0 THE KING'S TRUST AUSTRALIA LEVEL 3 480 COLLINS ST MELBOURNE VIC AS 3000 TO HELP YOUNG PEOPLE TO IMPROVE THEIR LIVES AS THE KING'S TRUSTKING'S TRUST GROUP COMPANY 0 THE KING'S TRUST NEW ZEALAND LEVEL 37 PWC TOWER 15 CUSTOMS STR AUCKLAND NZ 1010 TO HELP YOUNG PEOPLE TO IMPROVE THEIR LIVES NZ THE KING'S TRUSTKING'S TRUST GROUP COMPANY 0 THE KING'S TRUST CANADA 1 RICHMOND STREET WEST SUITE 601 TORONTO, ON CA M5H 3W4 TO HELP YOUNG PEOPLE TO IMPROVE THEIR LIVES CA THE KING'S TRUSTKING'S TRUST GROUP COMPANY 0 THE KING'S TRUST INTERNATIONAL 8 GLADE PATH LONDON UK SE1 8EG TO HELP YOUNG PEOPLE TO IMPROVE THEIR LIVES UK THE KING'S TRUSTKING'S TRUST GROUP COMPANY 0 KING'S TRUST GROUP COMPANY 8 GLADE PATH LONDON UK SE1 8EG TO HELP YOUNG PEOPLE TO IMPROVE THEIR LIVES UK N/A 0 PRINCE TRUST TRADING COMPANY 8 GLADE PATH LONDON UK SE1 8EG TRADING ACTIVITIES UK THE PRINCE'S TRUST 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0