2025-12-18T16:43:55-06:00 2025-03-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2024-04-01 825457122 THE KING'S TRUST USA INC KING 6467687878 45 W 27TH STREET 11TH FLOOR NEW YORK NY 10001 VICTORIA GORE CEO 6467687878 2025-12-18 1 1 EVA MRUK P00543254 9143818900 2025-12-18 2024 2025-03-06 01:10:19Z VICTORIA GORE 45 W 27TH STREET 11TH FLOOR NEW YORK NY 10001 6542744 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 10 8 0 0 7401906 6313152 0 0 424 130 -633156 -579443 6769174 5733839 5379838 5066340 0 0 1106576 1221797 0 0 809877 850548 990190 7336962 7278327 -567788 -1544488 7495885 6388051 583029 970647 6912856 5417404 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 5753999 5066340 0 THE NEED FOR OUR WORK IS IMMENSE: TODAY, OVER HALF OF THE GLOBAL POPULATION IS UNDER THE AGE OF 30; 65 MILLION YOUNG PEOPLE ARE UNEMPLOYED AROUND THE WORLD; 20% OF YOUNG PEOPLE GLOBALLY ARE NEET (NOT IN EMPLOYMENT, EDUCATION OR TRAINING); AND THE NEET RATE AMONG YOUNG WOMEN (28%) IS MORE THAN DOUBLE THAT OF YOUNG MEN (13%).THE KING'S TRUST SUPPORTS YOUNG PEOPLE TO BUILD THE CONFIDENCE AND SKILLS THEY NEED TO FIND WORK. WE EMPOWER YOUNG PEOPLE DURING THEIR TRANSITION FROM SCHOOL TO WORK, THROUGH OUR EDUCATION, EMPLOYMENT AND ENTERPRISE PROGRAMS.DURING 2024/2025, WE SUPPORTED 91,000 YOUNG PEOPLE ACROSS 24 COUNTRIES; OF THE 25,000 YOUNG PEOPLE WHO COMPLETED OUR EMPLOYMENT AND ENTERPRISE PROGRAMS IN THE UK AND THROUGH KING'S TRUST INTERNATIONAL, OVER 70% OF THESE YOUNG PEOPLE ARE NOW IN A POSITIVE OUTCOME INCLUDING IN EMPLOYMENT OR SELF-EMPLOYMENT; IN EDUCATION, TRAINING OR AN APPRENTICESHIP; OR VOLUNTEER WORK. 5753999 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 0 0 0 0 1 0 0 0 1 10 0 10 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 NY CA MI NJ FL IL 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 HANNAH YOUNG BOARD MEMBER 1.00 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 THRU 07/24 1.00 X 0 0 0 VICTORIA GORE CEO 40.00 X 268226 0 11165 ALISON ZAYAS DIRECTOR OF PHILANTHROPY 40.00 X 206289 0 24953 FERGAL LYNCH DIR OF EVENTS AND CORPORATE PARTNERSHIPS 40.00 X 144898 0 9078 MICHAEL DE ROECK HEAD OF PROGRAMS 40.00 X 112856 0 15719 JESSE RAUCH HEAD OF OPERATIONS 40.00 X 115183 0 14189 847452 0 75104 5 0 1 0 10 SOUTH STREET BANQUET OPERATOR LLC 110 EAST 42ND STREET NEW YORK NY 10017 CATERING/VENUE SERVICES 254611 1 1509395 4803757 608675 6313152 130 130 117855 1509395 808905 -691050 -691050 FOREIGN CURRENCY EXCHANGE GAIN 900099 60670 60670 ADMINISTRATIVE FEES 900099 50937 50937 111607 5733839 0 0 -579313 5066340 5066340 530238 122830 123853 283555 556078 128816 129888 297374 62665 14606 14340 33719 72816 16937 16778 39101 16398 16398 123713 123713 100888 72415 9797 18676 156240 19221 72820 64199 17763 4206 4520 9037 39651 11136 28500 15 75970 75970 152721 85732 58765 8224 1154 1154 40597 8399 18592 13606 PROGRAM SCOPING 224873 175943 7720 41210 DONOR RELATIONS/CULTIVA 31732 24712 7020 STAFF DEVELOPMENT 4736 599 3179 958 REIMBURSEMENTS 3754 2107 1444 203 7278327 5753999 714451 809877 356724 548016 6058844 4613496 477986 367776 561591 813261 40740 45502 7495885 6388051 179664 89132 360992 840088 42373 41427 583029 970647 X 616264 175641 6296592 5241763 6912856 5417404 7495885 6388051 -1544488 49036 0 X X 0 1 X 1 0 X 2612026 7986506 8759650 7401906 6313152 33073240 2612026 7986506 8759650 7401906 6313152 33073240 11465682 21607558 839 424 130 1393 418114 418114 900 52719 126041 80859 50937 311456 33804203 0.63920 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. 2024 AMOUNT: $ 50,937. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 SBA ECONOMIC INJURY DISASTER LOAN 41427 41427 X 7218462 49036 1347931 87656 1484623 5733839 0 5733839 8713914 1347931 87656 1435587 7278327 0 7278327 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, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF FUNDRAISING EXPENSES TO PART VIII 87,656. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF FUNDRAISING EXPENSES TO PART VIII 87,656. 1 EUROPE 0 0 GRANTMAKING 5040370 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 25000 NORTH AMERICA 0 0 GRANTMAKING 970 0 0 0 0 0 0 5066340 0 5066340 EUROPE SUPPORT YOUNG PEOPLE 4233753 WIRE 0 EUROPE SUPPORT YOUNG PEOPLE 709617 WIRE 0 EUROPE SUPPORT YOUNG PEOPLE 97000 WIRE 0 EAST ASIA AND THE PACIFIC SUPPORT YOUNG PEOPLE 25000 WIRE 0 4 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 1.2 MILLION YOUNG PEOPLE WORLDWIDE, OVER THE LAST 49 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 1564449 1446594 117855 286471 181086 339242 WOMEN'S LUNCHEON 62801 62801 2106 1627250 1509395 117855 286471 181086 341348 808905 -691050 X X X X 0 0 0 0 0 0 0 1 0 VICTORIA GORE CEO 251901 0 16325 0 0 0 11165 0 0 0 279391 0 0 0 ALISON ZAYAS DIRECTOR OF PHILANTHROPY 190442 0 15847 0 0 0 12577 0 12376 0 231242 0 0 0 FERGAL LYNCH DIR OF EVENTS AND CORPORATE PARTNERSHIPS 133898 0 11000 0 0 0 8398 0 680 0 153976 0 0 0 PART I, LINE 7 THE ORGANIZATION PAID A DISCRETIONARY BONUS DURING CALENDAR YEAR 2024, REPORTED IN PART II, COLUMN B(II). X 79401 SALE COMPARABLE PROPERTY X 10 112442 AVG. SELLING PRICE X 7 54102 COST X 3 6520 COST X AUCTION ITEMS EXPERIENCES 18 310110 COST X AIRLINE MILES 1 34000 MILES VALUE X TICKETS/EXPERIENCE 2 12100 COST 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 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